S&P Key Support Level: 1284; After That It Is Rough Sailing Until 1252

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Thu, 07/28/2011 - 23:49 | 1503270 Rahm
Rahm's picture


Thu, 07/28/2011 - 23:52 | 1503279 flacon
flacon's picture

TD - Could you make the chart just a little bigger? Thanks!

Thu, 07/28/2011 - 23:55 | 1503291 Goatboy
Goatboy's picture

Tried clicking on it?

Fri, 07/29/2011 - 00:02 | 1503315 flacon
flacon's picture

Well now it's clickable. Thanks! 

Fri, 07/29/2011 - 00:49 | 1503440 eurusdog
eurusdog's picture

CNTRL + Mouse up and down works too.

Fri, 07/29/2011 - 00:50 | 1503441 Ahmeexnal
Ahmeexnal's picture

Meanwhile, huge gaping cracks appear within the Libyan "rebels".

Their commander in chief was shot dead by another "rebel" tribal faction: the MI6.


Can't wait for the markets to price this in.

Fri, 07/29/2011 - 00:55 | 1503454 Burgess Shale
Burgess Shale's picture

I didn't see this coming: Boehner is the one who must fall on his sword.

The only solution is compromise with the dems.

Poor Boehner. Now I know why he cries.

His career is finished.

As a politician.

Fri, 07/29/2011 - 01:17 | 1503494 Ahmeexnal
Ahmeexnal's picture

Don't feel sorry for him.

His carrer at GS is just starting.

Fri, 07/29/2011 - 03:53 | 1503666 slewie the pi-rat
slewie the pi-rat's picture

he's a troll, a_x, identical copies on diff strings.

see how unrelated it is? 

see ya!

Fri, 07/29/2011 - 09:34 | 1504154 indygo55
indygo55's picture

Hre was an ex-general and very close to gadaffi. Many in the ranks didn't trust him and they are celebrating in the streets. There will be several young and able patriots to fill his shoes.

Fri, 07/29/2011 - 09:34 | 1504155 indygo55
indygo55's picture

Hre was an ex-general and very close to gadaffi. Many in the ranks didn't trust him and they are celebrating in the streets. There will be several young and able patriots to fill his shoes.

Fri, 07/29/2011 - 09:34 | 1504156 indygo55
indygo55's picture

Hre was an ex-general and very close to gadaffi. Many in the ranks didn't trust him and they are celebrating in the streets. There will be several young and able patriots to fill his shoes.

Fri, 07/29/2011 - 09:35 | 1504163 indygo55
indygo55's picture

sorry about the multi replies.

Fri, 07/29/2011 - 09:35 | 1504164 indygo55
indygo55's picture

sorry about the multi replies.

Fri, 07/29/2011 - 09:35 | 1504165 indygo55
indygo55's picture

sorry about the multi replies.

Thu, 07/28/2011 - 23:51 | 1503275 I am Jobe
I am Jobe's picture

BTFD. Guns and Ammo and food. Let the hunt begin. F this shitz.

Thu, 07/28/2011 - 23:55 | 1503293 Id fight Gandhi
Id fight Gandhi's picture

The debt ceiling is trashing the dollar enough. I don't think anyone can afford the hyperinflation from qe3.

Fri, 07/29/2011 - 00:00 | 1503309 SparkySC
SparkySC's picture

Hey ZH/Tyler/etc- have you gotten enough ads placed on every web page yet?
I think you can squeeze 4 or 5 more in before we all get fed up with this crap.



Fri, 07/29/2011 - 00:05 | 1503323 Id fight Gandhi
Id fight Gandhi's picture

Lol. Kind of funny when they're all the same banner ad but different sizes. Big brother google caches alll your searches so the ads start popping up from key words in your searches.

Search for porn, get meet singles, search for cars, get car ads etc...

Just use firefox and an ad blocker.

Be cool and donate to zh to keep it going though.

Fri, 07/29/2011 - 00:47 | 1503435 eurusdog
eurusdog's picture

Damnit, I hope my wife stays off ZH then!

Fri, 07/29/2011 - 00:09 | 1503334 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

You must be the big donor around here then.  We salute you.

Fri, 07/29/2011 - 00:16 | 1503354 cosmictrainwreck
cosmictrainwreck's picture

the boy needs to learn the more subtle dynamics of web marketing, eh?

Fri, 07/29/2011 - 00:33 | 1503400 B-rock
B-rock's picture

I use Chrome and I don't see a single ad. 

Fri, 07/29/2011 - 01:25 | 1503500 wisefool
wisefool's picture

Hate the player not the game.

Are the DOW futues really supposed to be down 80+? Asian markets are open and supposed to tank this crap.


Fri, 07/29/2011 - 06:57 | 1503778 Bob Paulson
Bob Paulson's picture

yeah SparkySC, being rewarded financially for all the work you have done creating a great website is wrong.

oh the audacity of ZH for wanting to be remunerated to keep the site alive during a depression!!!

Fri, 07/29/2011 - 00:01 | 1503311 AmazingLarry
AmazingLarry's picture

When I rode dirt bikes as a kid we called that a "triple." Don't case it, see you at the bottom.

Fri, 07/29/2011 - 00:02 | 1503313 Id fight Gandhi
Id fight Gandhi's picture

Since qe3 is "all about jobs" I found it disturbing reading a story about how companies are clearly discriminating against the unemployed.

They want to hire employed people. I guess I see their point. Even if the unemployed went into debt to get a new degree or training they're still not wanted as they have no real life experience.

This new america sucks.

Apple sits on 70 odd billions in cash from sourcing all it's work out to china. Guess it's time to over pay for some dot hype video service or social network and piss it away. Give out some big bonuses for that.

Fri, 07/29/2011 - 00:02 | 1503317 Dr. Engali
Dr. Engali's picture

Looks like they will be issuing the new Banzai banana republic bucks soon the way the dollar is dropping.

Fri, 07/29/2011 - 00:04 | 1503319 newbee
newbee's picture

AAaaaahhhhh ... I love the smell of napalm in the morning.  It smells like ...  Victory!

Fri, 07/29/2011 - 01:26 | 1503503 Worker Bee
Worker Bee's picture

One day...this war is gonna end.....

Fri, 07/29/2011 - 08:18 | 1503869 CoolClo
CoolClo's picture

And with it the Private "Fed".

Fri, 07/29/2011 - 00:04 | 1503320 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Then it is time for the President's Working Group to come into the markets.  Here fishy, fishy!

Fri, 07/29/2011 - 00:05 | 1503324 caerus
caerus's picture

game over...thanks for playing...enjoy the home version sheeple...

Fri, 07/29/2011 - 00:07 | 1503331 JackES
JackES's picture

continuation pattern. 

new all time high ahead. mark my words, still hold 50% IRA in US equity, will add once things get clear.

Fri, 07/29/2011 - 01:42 | 1503525 caerus
caerus's picture

I'll see your continuation pattern...and raise you a chinese bullet train to hell...

Fri, 07/29/2011 - 04:46 | 1503704 slewie the pi-rat
slewie the pi-rat's picture

would you guys like some brie?

Fri, 07/29/2011 - 09:11 | 1504065 snowball777
snowball777's picture

You misspelled ASS, Jack.

Fri, 07/29/2011 - 00:12 | 1503342 Taku
Taku's picture

Seriously. Does this look like a credit profile you would lend to?

If you maxed your credit card, then amazingly got an increase on your limit, rinsed & repeated, and KEPT your FICO score perfect, you'd be (TAKE A GUESS).

Fri, 07/29/2011 - 04:48 | 1503709 slewie the pi-rat
slewie the pi-rat's picture



Fri, 07/29/2011 - 00:14 | 1503350 Taku
Taku's picture

(RE above) Just wanted link to graphic not article

Fri, 07/29/2011 - 04:54 | 1503710 slewie the pi-rat
slewie the pi-rat's picture

uhnnn... ...slewie?


...charles ponzi!

Fri, 07/29/2011 - 00:26 | 1503380 Subprime JD
Subprime JD's picture

Picture this scenario: its August 3rd and no agreement has been made. SPX is trading at 1230's, a good 110 point drop from recent highs. Bond yields start creeping higher and the DXY continues to slip into the 72 range. At this point with markets following the sink down to the drain but without the benefit of a rising dollar, congress panics and the tea party holdouts get co-opted into voting for "any" bill to get the job done. This worse the market beating the higher the odds of a vote.


Eventually something passes and it gets raised. However, if it is a short term raise (8 months) the markets will be uneasy about the US finances. Gone are the days when they could raise the debt ceiling by 2.3 trillion without anyone really taking notice. America is now like Greece, needing a debt raise every few months with the politicians screaming and kicking along the way. Its incredible how our "borrowing" hedge lasted for only 3 years.

Glad I have my gold, silver, butane, cash (dollar, yen, euro) medical supplies, flour, beans, and olive oil. The prep list continues to grow.

Fri, 07/29/2011 - 00:35 | 1503404 geminiRX
geminiRX's picture

This is all theatrics to get someone in congress to blink first. A deal will get through soon enough. I think PMs will get a bit of a beating when the deal passes.....but I have cash waiting for that moment.

Fri, 07/29/2011 - 01:01 | 1503462 Peter K
Peter K's picture

Not exactly. Once again, the US takes in tax receipts of app. 180bn/mo. Debt Service costs 35b/mo. The US does not have a debt problem. YET. What the US has is a spending problem. US Gov. spending is running at app. 300b/mo. And that is the issue that is being addressed by the Tea Party folks;)  

Fri, 07/29/2011 - 01:31 | 1503515 Subprime JD
Subprime JD's picture

Incorrect my friend about the ability of the US to service its debt. Although interest expense is 350 billion per month, roughly 2.7 trillion dollars worth of treasury securities are due within the next 12 months. Much of US debt is front ended in short term paper so the game has been to borrow big money with short duration with ultra low yields. Treasury has 90 billion in maturities due on Aug 4th alone, with more big payouts week after week.

US must keep raising debt size in order to service existing debt. The true definition of a ponzi.

Fri, 07/29/2011 - 00:36 | 1503406 vast-dom
vast-dom's picture

head and shoulders analysis confirms a nice S&P drop any day; maybe even starting tomorrow Black Friday the 29th of July, 2011. Watch out people it's gonna be a grin shit giggles inducing ride!!!! Yeeehaaaw!!!!!!!!!

Fri, 07/29/2011 - 00:57 | 1503456 Subprime JD
Subprime JD's picture

Trading this market especially right now is a gamble, pure and symple. Just know that the house has the tools to trade on the information much quicker than you can. So by the time the move happens the HFT's will either be buying or selling faster than you can press the purchase order. Now if you guess which way things are going to go and simply hold that position for a swing trade then sure you can make or lose money. Just know that its a gamble and that no technical analysis will help you at this point.

Fri, 07/29/2011 - 00:42 | 1503421 eurusdog
eurusdog's picture

Very interesting how Gold and Silver are selling off tonight. Is it possible a total flight to cash is happening? I have MT support in Silver around 34.50-35.50 I doubt it gets that low though.

Fri, 07/29/2011 - 00:51 | 1503444 geminiRX
geminiRX's picture

as of now I still have gold at 1615 us.....not much of a drop?

Fri, 07/29/2011 - 00:54 | 1503451 Peter K
Peter K's picture

Oh no, Ben's QE bubble is going to burst. What to do?

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