Based on my market analysis, I found that bubble/crash price actions are controlled, not based on market crowd sentiment. And I commented on the controlled markets since Jan 2006 while many are speaking of bubble/crash is purely driven by crowd madness.
The History of the Rothschild noted above may not be all true, however, I believe that there are true historical events that support the details. Also, the money power is the symbolic 666 in Revelation 13.
http://www.scribd.com/doc/16987142/RothschildsTimeline-iamthewitnesscom
RothschildsTimeline - iamthewitness.com
Tuesday, June 30, 2009
July 4th holiday tradings
July 4th holiday tradings: Markets are trading in low volume in one of the most manipulated environment.
* LOW TRADING VOLUMES
* NO REAL ECONOMIC RECOVERY supporting the market hype
* Market pump based on hypothetical economic growth in 6-9 mos, but we don't see any positive job growth anytime soon.
* Negative divergences on all market price and breadth actions.
* Banks are a direct beneficiary of the Bernanke speech manipulation.
* High energy cost is further pressuring consumers/Americans
* The same market manipulation with subtle differences than that of the Madoff case.
* Most sickening economic condition in 80 years, for GOD knows, while market manipulation is out-smarting every scenario in the past - the greed in its worst form collapsing millions into financial disaster and the nation.
* DOW trading volume is just about half of normal trading volumes.
$COMPX 1835.04 -9.02 -0.49% 2,062,772
$INDU 8447.00 -82.38 -0.97% 1,228,838
$INX 919.32 -7.91 -0.85%
* LOW TRADING VOLUMES
* NO REAL ECONOMIC RECOVERY supporting the market hype
* Market pump based on hypothetical economic growth in 6-9 mos, but we don't see any positive job growth anytime soon.
* Negative divergences on all market price and breadth actions.
* Banks are a direct beneficiary of the Bernanke speech manipulation.
* High energy cost is further pressuring consumers/Americans
* The same market manipulation with subtle differences than that of the Madoff case.
* Most sickening economic condition in 80 years, for GOD knows, while market manipulation is out-smarting every scenario in the past - the greed in its worst form collapsing millions into financial disaster and the nation.
* DOW trading volume is just about half of normal trading volumes.
$COMPX 1835.04 -9.02 -0.49% 2,062,772
$INDU 8447.00 -82.38 -0.97% 1,228,838
$INX 919.32 -7.91 -0.85%
666 mania
Just in a few years -- the world has changed into 666 mania --
As investors continually look for an edge, social media sites like Twitter have become a popular tool for raw information—and rumors. Morley says that finding out how the public feels about a company or market definitely carries weight.
http://www.cnbc.com/id/31566587
http://www.caminu.info/2009/06/women-are-future-all-big-revelations.html
I write in Portuguese and then give the translation to English of Jude.
The Jude was the first people I met on Twitter, assumidamente the left (liberal in the U.S.), Barack Obama to criticize constructively.
As investors continually look for an edge, social media sites like Twitter have become a popular tool for raw information—and rumors. Morley says that finding out how the public feels about a company or market definitely carries weight.
http://www.cnbc.com/id/31566587
http://www.caminu.info/2009/06/women-are-future-all-big-revelations.html
I write in Portuguese and then give the translation to English of Jude.
The Jude was the first people I met on Twitter, assumidamente the left (liberal in the U.S.), Barack Obama to criticize constructively.
"Cap-n-Trade" bill in a few words:
Markets slow grinding: after ripping off big banks and millions of Americans
After making billions and trillions from the markets, markets are under the Fed and OB grip. NOW, they are ripping off millions through energy necessity controlling gas prices and passing "Cap-n-Trade".
Comment on Cap-n-Trade bill on p.24
To download
http://www.scribd.com/doc/16868596/How-Goldman-Sachs-Pumped-and-Dumped-US-Economy
To read in full screen
http://www.scribd.com/full/16868596?access_key=key-k5z6qsr8uyarm9jnbi8
2012 & When will it all end?
2012 ~ not really
http://www.youtube.com/watch?v=XAtgPaggeTM
When will it all end?
If the government wants to make a difference, invest in infrastructure and education: preferably mandatory classes on democracy, economics, and history that the Fed and Treasury can take, because God knows, they need it. Maybe then they will quit undermining the economic system they are suppose to protect.
The fact of the matter is, for too long has the Fed and Treasury been interested in making friends rather than upholding the tenants of a free and fair market economy. It shows! The world in which you could invest in a free and fair market is ending and yet, seldom do I even hear anyone scream. T.S. Elliott's assesment about the death of things seems to be as pertinent as..
Monday, June 29, 2009
Low Trading Volume markets
Markets are trading in low volume in one of the most manipulated environment -- a waste time and energy to reason with.
* LOW TRADING VOLUMES
* NO REAL ECONOMIC RECOVERY supporting the market hype
* Market pump based on hypothetical economic growth in 6-9 mos, but we don't see any positive job growth anytime soon.
* Negative divergences on all market price and breadth actions.
* Banks are a direct beneficiary of the Bernanke speech manipulation.
* High energy cost is further pressuring consumers/Americans
* The same market manipulation with subtle differences than that of the Madoff case.
* Most sickening economic condition in 80 years, for GOD knows, while market manipulation is out-smarting every scenario in the past - the greed in its worst form collapsing millions into financial disaster and the nation.
* DOW trading volume is less than half.
$COMPX 1844.06 5.84 0.32% 1,999,304
$INDU 8529.38 90.99 1.08% 993,151
$INX 927.23 8.33 0.91%
* LOW TRADING VOLUMES
* NO REAL ECONOMIC RECOVERY supporting the market hype
* Market pump based on hypothetical economic growth in 6-9 mos, but we don't see any positive job growth anytime soon.
* Negative divergences on all market price and breadth actions.
* Banks are a direct beneficiary of the Bernanke speech manipulation.
* High energy cost is further pressuring consumers/Americans
* The same market manipulation with subtle differences than that of the Madoff case.
* Most sickening economic condition in 80 years, for GOD knows, while market manipulation is out-smarting every scenario in the past - the greed in its worst form collapsing millions into financial disaster and the nation.
* DOW trading volume is less than half.
$COMPX 1844.06 5.84 0.32% 1,999,304
$INDU 8529.38 90.99 1.08% 993,151
$INX 927.23 8.33 0.91%
THE OBAMA/SOROS PLAN TO DESTROY AMERICA
Why would Obama/Soros want to destroy America? That question could be rephrased as why any Jewish people would want to destroy America - is it possible? First of all, I want to make it clear that I have NO hate or prejudice against anyone or any race unless anyone is harming me in any way, then, I would defend. Now, I think that it is quite possible that any Israel/Jewish people could be offended or wanting to destroy America because America is built on the Christian Faith. Why that would matter to them or to any other faith? It is because what has been prophecized by Jesus and John in the Book of Revelation. They would want to destroy because they want to defend themselves as they are destined to be destroyed according to the Bible prophecies.
They would plan to destroy the United States otherwise they would be destroyed as we were a Christian Nation; therefore, we as a nation have been manipulated by the other faith to be corrupted, to be immoral, to be accused, to be separated, to be misled, and to be destroyed as a godly nation.
We are now less Christian nation than as we have been before -- just a few decades ago, as materialism has been penetrated to millions of Americans through media brain-wash through T.V. programs and movies.
Ultimately, naive Americans and many Christians have fallen into the hands of the manipulators using many different kinds of methods destroying the once godly nation, but now having financial trouble getting slowly destroyed by the materialism idol.
There are other possible reasons such as some are just plain evil.
We need to wake up as a nation to realize what is happening to us. Why others want to destroy the United States -- US. We need to do self-examination to recognize that we are no longer once we were just a few decades ago. The challenges for us to unite and to reignite our love for God are ever great, but when our God wills, nothing is impossible. God told me that He loves our nation and that He wants us to know that He loves us.
God is in conrol, and He will lead and guide us for His Glory!!
By Brother Nathanael Kapner, http://www.realzionistnews.com/?p=411
They would plan to destroy the United States otherwise they would be destroyed as we were a Christian Nation; therefore, we as a nation have been manipulated by the other faith to be corrupted, to be immoral, to be accused, to be separated, to be misled, and to be destroyed as a godly nation.
We are now less Christian nation than as we have been before -- just a few decades ago, as materialism has been penetrated to millions of Americans through media brain-wash through T.V. programs and movies.
Ultimately, naive Americans and many Christians have fallen into the hands of the manipulators using many different kinds of methods destroying the once godly nation, but now having financial trouble getting slowly destroyed by the materialism idol.
There are other possible reasons such as some are just plain evil.
We need to wake up as a nation to realize what is happening to us. Why others want to destroy the United States -- US. We need to do self-examination to recognize that we are no longer once we were just a few decades ago. The challenges for us to unite and to reignite our love for God are ever great, but when our God wills, nothing is impossible. God told me that He loves our nation and that He wants us to know that He loves us.
God is in conrol, and He will lead and guide us for His Glory!!
By Brother Nathanael Kapner, http://www.realzionistnews.com/?p=411
OBAMA’S MAIN ‘PUPPETEER’ IS THE HUNGARIAN BORN JEW - GEORGE SOROS. With his financial ability in the billions of dollars to back whatever cause he chooses and his powerful control of the media, Soros has the means to engineer the political and economic destinies of entire nations. Indeed, Soros has already implemented his global agenda in both Georgia and Kosovo.
The latest “cause” backed by Soros is the Obama presidency. Known as Obama’s “money man”, Soros’s involvement with Obama’s national political career began in 2005 with Soros fundraising for Obama’s campaign for US Senate and continued through the 2007 Presidential campaign launch with huge fundraising operations managed by Soros.
Soros, a proponent of the “hard left,” has also been funneling money into the Democratic Party and to its candidates with the intent on building a slate of Senators and Representatives with socialist leanings. “George Soros has purchased the Democratic Party,” said Republican National Committee spokeswoman, Christine Iverson, “and he who pays the piper calls the tune.”
FAS and FAZ
Furthermore, if the stocks behave the same as those have been during the last 7 months, then, whoever bought the stocks for longer term will just continue to lose money even though the Direxion would make money for fee and for NPV.
Just compare the original value x the offering # of shares
Right now, the Direxion is better off, but not share holders. Conclusion is the stocks are just for vst/st trades.
Volatility % remains relatively the same, but $$$$ of the volatility will be larger.
===================================================
It would as far as volatility amount is concerned.
e.g. 3% move of $50 stock would be different than 3% move of $9.
Many would not trade FAZ/FAS because the price is too low.
And some brokerage fee would be too high to trade the stocks because the trading fee is based on # of shares, not by per trade.
Pre-Split
100 $ 9.00 $ 8.96 $ 896.00
Post-Split
20 $ 45.00 $ 44.80 $ 896.00
The Board of Trustees of Direxion Shares ETF Trust has approved reverse splits of the issued and outstanding shares of both the Direxion Daily Financial Bull 3X Shares (“Financial Bull Fund”) and Direxion Daily Financial Bear 3X Shares (“Financial Bear Fund”).
After the close of the markets on July 8, 2009 (the “Record Date”), the Financial Bull Fund will effect a one for five reverse split of its issued and outstanding shares and the Financial Bear Fund will effect a one for ten reverse split of its issued and outstanding shares. As a result of these reverse splits, every five shares of the Financial Bull Fund will be exchanged for one share and every ten shares of the Financial Bear Fund will be exchanged for one share. Accordingly, the number of the Financial Bull Fund and Financial Bear Fund’s issued and outstanding shares will decrease by approximately 80% and 90%, respectively. In addition, the per share net asset value (“NAV”) and next day’s opening market price of each the Financial Bull Fund and the Financial Bear Fund will be approximately five-times higher and ten-times higher, respectively. Shareholders of record on the Record Date will participate in the reverse splits. Shares of the Financial Bull and Financial Bear Funds will begin trading on NYSE Arca, Inc. (“NYSE Arca”) on a split-adjusted basis on Thursday, July 9, 2009 (the “Effective Date”).
The next day’s opening market value of the Financial Bull and Financial Bear Funds’ issued and outstanding shares, and thus a shareholder’s investment value, will not be affected by the reverse splits. The table below illustrates the effect of a hypothetical one for five reverse split anticipated for the Financial Bull Fund:
# of Shares
Hypothetical
Total Market
Period
Owned Hypothetical NAV Market Price Value
Pre-Split
100 $ 9.00 $ 8.96 $ 896.00
Post-Split
20 $ 45.00 $ 44.80 $ 896.00
The table below illustrates the effect of a hypothetical one for ten reverse split anticipated for the Financial Bear Fund:
# of Shares
Hypothetical
Total Market
Period
Owned Hypothetical NAV Market Price Value
Pre-Split
100 $ 5.00 $ 5.01 $ 501.00
Post-Split
10 $ 50.00 $ 50.10 $ 501.00
The Trust’s transfer agent will notify the Depository Trust Company (“DTC”) of each reverse split and instruct DTC to adjust each shareholder’s investment(s) accordingly. DTC is the registered owner of each Fund’s shares and maintains a record of each Fund’s record owners.
Redemption of Fractional Shares and Tax Consequences for each Reverse Split
As a result of the reverse splits, a shareholder of a Fund’s shares potentially could hold a fractional share. However, fractional shares cannot trade on the NYSE Arca. Thus, each Fund will redeem for cash a shareholder’s fractional shares at that Fund’s split-adjusted NAV as of the Record Date. Such redemption may have tax implications for those shareholders and a shareholder could recognize gain or loss in connection with the redemption of the shareholder’s fractional shares. Otherwise, neither reverse split will result in a taxable transaction for holders of Funds’ shares. No transaction fee will be imposed on shareholders for such redemption.
“Odd Lot” Unit
Also as a result of the reverse splits, each Fund will have outstanding one aggregation of less than 50,000 shares to make a creation unit, or an “odd lot unit.” Thus, each Fund will provide one authorized participant with a one-time opportunity to redeem the odd lot unit at the split-adjusted NAV or the NAV on such date the authorized participant seeks to redeem the odd lot unit.
* * * * *
Please retain a copy of this Supplement with your Prospectus
Just compare the original value x the offering # of shares
Right now, the Direxion is better off, but not share holders. Conclusion is the stocks are just for vst/st trades.
Volatility % remains relatively the same, but $$$$ of the volatility will be larger.
===================================================
It would as far as volatility amount is concerned.
e.g. 3% move of $50 stock would be different than 3% move of $9.
Many would not trade FAZ/FAS because the price is too low.
And some brokerage fee would be too high to trade the stocks because the trading fee is based on # of shares, not by per trade.
Pre-Split
100 $ 9.00 $ 8.96 $ 896.00
Post-Split
20 $ 45.00 $ 44.80 $ 896.00
The Board of Trustees of Direxion Shares ETF Trust has approved reverse splits of the issued and outstanding shares of both the Direxion Daily Financial Bull 3X Shares (“Financial Bull Fund”) and Direxion Daily Financial Bear 3X Shares (“Financial Bear Fund”).
After the close of the markets on July 8, 2009 (the “Record Date”), the Financial Bull Fund will effect a one for five reverse split of its issued and outstanding shares and the Financial Bear Fund will effect a one for ten reverse split of its issued and outstanding shares. As a result of these reverse splits, every five shares of the Financial Bull Fund will be exchanged for one share and every ten shares of the Financial Bear Fund will be exchanged for one share. Accordingly, the number of the Financial Bull Fund and Financial Bear Fund’s issued and outstanding shares will decrease by approximately 80% and 90%, respectively. In addition, the per share net asset value (“NAV”) and next day’s opening market price of each the Financial Bull Fund and the Financial Bear Fund will be approximately five-times higher and ten-times higher, respectively. Shareholders of record on the Record Date will participate in the reverse splits. Shares of the Financial Bull and Financial Bear Funds will begin trading on NYSE Arca, Inc. (“NYSE Arca”) on a split-adjusted basis on Thursday, July 9, 2009 (the “Effective Date”).
The next day’s opening market value of the Financial Bull and Financial Bear Funds’ issued and outstanding shares, and thus a shareholder’s investment value, will not be affected by the reverse splits. The table below illustrates the effect of a hypothetical one for five reverse split anticipated for the Financial Bull Fund:
# of Shares
Hypothetical
Total Market
Period
Owned Hypothetical NAV Market Price Value
Pre-Split
100 $ 9.00 $ 8.96 $ 896.00
Post-Split
20 $ 45.00 $ 44.80 $ 896.00
The table below illustrates the effect of a hypothetical one for ten reverse split anticipated for the Financial Bear Fund:
# of Shares
Hypothetical
Total Market
Period
Owned Hypothetical NAV Market Price Value
Pre-Split
100 $ 5.00 $ 5.01 $ 501.00
Post-Split
10 $ 50.00 $ 50.10 $ 501.00
The Trust’s transfer agent will notify the Depository Trust Company (“DTC”) of each reverse split and instruct DTC to adjust each shareholder’s investment(s) accordingly. DTC is the registered owner of each Fund’s shares and maintains a record of each Fund’s record owners.
Redemption of Fractional Shares and Tax Consequences for each Reverse Split
As a result of the reverse splits, a shareholder of a Fund’s shares potentially could hold a fractional share. However, fractional shares cannot trade on the NYSE Arca. Thus, each Fund will redeem for cash a shareholder’s fractional shares at that Fund’s split-adjusted NAV as of the Record Date. Such redemption may have tax implications for those shareholders and a shareholder could recognize gain or loss in connection with the redemption of the shareholder’s fractional shares. Otherwise, neither reverse split will result in a taxable transaction for holders of Funds’ shares. No transaction fee will be imposed on shareholders for such redemption.
“Odd Lot” Unit
Also as a result of the reverse splits, each Fund will have outstanding one aggregation of less than 50,000 shares to make a creation unit, or an “odd lot unit.” Thus, each Fund will provide one authorized participant with a one-time opportunity to redeem the odd lot unit at the split-adjusted NAV or the NAV on such date the authorized participant seeks to redeem the odd lot unit.
* * * * *
Please retain a copy of this Supplement with your Prospectus
Massive Debt Spending Economy
The fundamental concepts of issuing debt to maintain the current system operations and the Madoff case are the same except one is issuing massive debt and the other is accepting investment money on false belief about the health of the Madoff firm.
Many do not know the financial reality and detrimental condition of spending massive debt economy until the economy blows up.
Investors Compete for a Piece of the Madoff Pie
http://www.cnbc.com/id/31610327
Many do not know the financial reality and detrimental condition of spending massive debt economy until the economy blows up.
Investors Compete for a Piece of the Madoff Pie
http://www.cnbc.com/id/31610327
Last week was a pivot cycle week
Last week was a pivot cycle week with a very early sell signal on weekly and with price actions during this shorten week, we will likely see a directional price confirmation.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39109549
Market update ~ as of Jun 26, 2009
The July 4th shorten PIVOTAL week
http://trend-signals.com/Analysis/090627.htm
* Markets closed near at the pivots, e.g. SPX 920 and DOW 8400, while Nasdaq is stronger than other major indexes forming a symmetrical triangle above the noted comparative pivots. Nasdaq shows a 2billion volume on the last Friday which came in a minute before the close registering double size of trading volumes. That is a powerful show-biz signal showing a complete control over the markets as I noted during the last few years.
* SPX 880 +/- is the next pivot which will lead to the next target SPX 750.
* Intraday 60min price actions are overbought.* ST bullish IT A-B-C correction scenario is currently wave B correction to 850-
* Correction to DOW 7500, SPX 750, QQQQ 30.50 into mid July is ideal, however, markets could hold up until Q2 report to show false hope financial reports.* Realistic: Bearish case is intermediate corrective wave 5 to SPX 666/555.
DOW daily
* DOW 8438.39
* Dow closed below uptrend support and is showing early sell-signal on weekly price pattern. Coming week is normally a strong week for EOQ/EOM window-dressing activities even though the statistics is SLIGHTLY favorable. Therefore, the week could be a pivotal week, expecially if we see a down week. * 8200 support showing H&S formation
* Daily momentum turned to downside with a trend break.* 60min is overbought.
* Markets are very overbought on weekly.* Ideally, a correction to DOW 7500, SPX 750, QQQQ 30.50 into mid July is the best case scenario.
US 10 year
* 10yr 3.52
* 10yr 3.50/3 pivot
* Rising interests rate
* Rising energy cost: Gas price ==> squeezing consumer
* Rising trillions of debt* Comparatively, interest rate is rising faster than housing recovery.
* HGX housing 81.20higher interest rate and rising energy cost is continuing to demolish many Americans who are going through financial crisis while many are taking out massive money using financial markets.
SPX weekly EW
* 918.90, fib 38% of May2008-Mar2009 low showing early sell-signal
* Wave count for a bearish Intermediate wave 5: corrective w1-w1-w5 for bearish count
* Wave count for a bearish scenario: The 9/11 top at 956 completing Intermediate Wave 4. Pivotal week for a start of IT Wave 5 to SPX 750-666 truncated flat correction or to SPX 666-555 full corrective 5th wave.
* Wave count for a bullish scenario:A completion of corrective wave A and a start of wave B of Intermediate a-b-c correction of w2 of wC of the Oct 2007 - Mar 2009 corrective wave in a Primary flat correction with a potential RST formation.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39109549
Market update ~ as of Jun 26, 2009
The July 4th shorten PIVOTAL week
http://trend-signals.com/Analysis/090627.htm
* Markets closed near at the pivots, e.g. SPX 920 and DOW 8400, while Nasdaq is stronger than other major indexes forming a symmetrical triangle above the noted comparative pivots. Nasdaq shows a 2billion volume on the last Friday which came in a minute before the close registering double size of trading volumes. That is a powerful show-biz signal showing a complete control over the markets as I noted during the last few years.
* SPX 880 +/- is the next pivot which will lead to the next target SPX 750.
* Intraday 60min price actions are overbought.* ST bullish IT A-B-C correction scenario is currently wave B correction to 850-
* Correction to DOW 7500, SPX 750, QQQQ 30.50 into mid July is ideal, however, markets could hold up until Q2 report to show false hope financial reports.* Realistic: Bearish case is intermediate corrective wave 5 to SPX 666/555.
DOW daily
* DOW 8438.39
* Dow closed below uptrend support and is showing early sell-signal on weekly price pattern. Coming week is normally a strong week for EOQ/EOM window-dressing activities even though the statistics is SLIGHTLY favorable. Therefore, the week could be a pivotal week, expecially if we see a down week. * 8200 support showing H&S formation
* Daily momentum turned to downside with a trend break.* 60min is overbought.
* Markets are very overbought on weekly.* Ideally, a correction to DOW 7500, SPX 750, QQQQ 30.50 into mid July is the best case scenario.
US 10 year
* 10yr 3.52
* 10yr 3.50/3 pivot
* Rising interests rate
* Rising energy cost: Gas price ==> squeezing consumer
* Rising trillions of debt* Comparatively, interest rate is rising faster than housing recovery.
* HGX housing 81.20higher interest rate and rising energy cost is continuing to demolish many Americans who are going through financial crisis while many are taking out massive money using financial markets.
SPX weekly EW
* 918.90, fib 38% of May2008-Mar2009 low showing early sell-signal
* Wave count for a bearish Intermediate wave 5: corrective w1-w1-w5 for bearish count
* Wave count for a bearish scenario: The 9/11 top at 956 completing Intermediate Wave 4. Pivotal week for a start of IT Wave 5 to SPX 750-666 truncated flat correction or to SPX 666-555 full corrective 5th wave.
* Wave count for a bullish scenario:A completion of corrective wave A and a start of wave B of Intermediate a-b-c correction of w2 of wC of the Oct 2007 - Mar 2009 corrective wave in a Primary flat correction with a potential RST formation.
Why Does Evil Dominate the World?
It is astonishing that the underneath Capitalism is mostly deception and injustices which is shown by the "How Goldman Sachs Pumped and Dumped the U.S. Economy"
http://www.gty.org/AudioPlayer/Sermons/90-333
http://www.scribd.com/full/16868596?access_key=key-k5z6qsr8uyarm9jnbi8
http://www.gty.org/AudioPlayer/Sermons/90-333
http://www.scribd.com/full/16868596?access_key=key-k5z6qsr8uyarm9jnbi8
Sunday, June 28, 2009
Regarding Climactic Bottom
Another rule for 5th wave: it can be truncated.
http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=38862678&txt2find=w5
Following the correction period, based on Intermediate Wave 5 scenario, SPX 750/666 truncated or SPX 555 which is normal W5 price length.
Long term analysis
http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=36128257&txt2find=long
Furthermore, the Oct-Nov 2008 bottom is or can be considered as "Climactic Bottom".
I called climactic bottoms on previous major market bottoms, and the Oct-Nov 2008 bottom is one of most volatile climactic bottom which I have seen. We will not likely see another one severe than that anytime soon.
http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=33665846&txt2find=climactic
http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=38862678&txt2find=w5
Following the correction period, based on Intermediate Wave 5 scenario, SPX 750/666 truncated or SPX 555 which is normal W5 price length.
Long term analysis
http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=36128257&txt2find=long
Furthermore, the Oct-Nov 2008 bottom is or can be considered as "Climactic Bottom".
I called climactic bottoms on previous major market bottoms, and the Oct-Nov 2008 bottom is one of most volatile climactic bottom which I have seen. We will not likely see another one severe than that anytime soon.
http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=33665846&txt2find=climactic
Saturday, June 27, 2009
How Goldman Sachs Pumped and Dumped the U.S. Economy
Impact of Cap-and-Trade Bill P. 24
http://www.scribd.com/doc/16868596/How-Goldman-Sachs-Pumped-and-Dumped-US-Economy
He must have gotten the idea from the summary which I posted in iBox weeks ago, but Taibbi is blaming on Goldman. It is well written.
http://www.scribd.com/doc/16868596/How-Goldman-Sachs-Pumped-and-Dumped-US-Economy
He must have gotten the idea from the summary which I posted in iBox weeks ago, but Taibbi is blaming on Goldman. It is well written.
Economic Reality and future
We have 3 kinds of people in the markets:
1. those who do not care as long as they can get money out of system or others,
2. those who are just ignorant, or
3. those who are aware of the current situation and foresee what is going to happen in the future.
The category 3 group also falls into 2 groups:
1. take actions or
2. take no action.
Many are also falling into the group #2 because they don't want the aggravation spending time and effort.
Only a few is falling into the group #1, for they are intellectuals or aware of the economic situation, and take some kinds of actions, e.g. Ron Paul.
Right now, majority of people only see markets are going up, but do not care about the reality of the deteriorating economic condition in a longer period.
Obama is one of those people who are exploiting the opportunity for material wealth regardless the consequence of their actions -- contrasting to the Ron Paul's case.
Our finance and economic condition is viewed as favorable since markets are still going up.
It is deceptive, but many are falling for it.
1. those who do not care as long as they can get money out of system or others,
2. those who are just ignorant, or
3. those who are aware of the current situation and foresee what is going to happen in the future.
The category 3 group also falls into 2 groups:
1. take actions or
2. take no action.
Many are also falling into the group #2 because they don't want the aggravation spending time and effort.
Only a few is falling into the group #1, for they are intellectuals or aware of the economic situation, and take some kinds of actions, e.g. Ron Paul.
Right now, majority of people only see markets are going up, but do not care about the reality of the deteriorating economic condition in a longer period.
Obama is one of those people who are exploiting the opportunity for material wealth regardless the consequence of their actions -- contrasting to the Ron Paul's case.
Our finance and economic condition is viewed as favorable since markets are still going up.
It is deceptive, but many are falling for it.
Friday, June 26, 2009
VIX/VXN - a completely controlled markets melted numb while unemployment is sky rocketing
VIX/VXN - a completely controlled markets by nuked and melted numb while unemployment is sky rocketing -- only what the Fed knows what to do is pumping markets with printing machine devaluing everything except soaking recycled money back into the back pockets.
New lows 25.76/26.35
Doldrum slow markets
Extremely slow grilling and frustrating markets: re Dow Logs 2nd Straight Down Week; Techs Gain
Of course, unless bought markets and went to beach laying under sun or swim.
http://www.cnbc.com/id/31569269/
Of course, unless bought markets and went to beach laying under sun or swim.
http://www.cnbc.com/id/31569269/
The Cramer college tour was the last scavenger
Trapping somebody -- these guys who do not care about anything except money, are professional pumper and dumper going against majority.
The Cramer college tour was the last scavenger of the college kids out of their little saving and credit cards.
What's left is those who survived through the prior pump and dump phase.
__________________________________________
Cramer: Wall Street's Outlook 'Too Bullish'
Posted By: Tom Brennan | Web Editor
| 26 Jun 2009 | 03:43 PM ET
Market research predicting a big turn in the third and fourth quarters of 2009 might be “too bullish,” Cramer said during Friday’s Stop Trading!. While the shift in focus toward the second half of the year is typical as July 1 approaches, “there are a lot of people staking out high-economic-growth ground right now.”
“This is the most aggressive, bullish stuff I’ve seen,” the Mad Money host said.
Cramer pointed specifically to two new Citigroup reports on Eaton and Cummins . The bank recommended buying both stocks on a “big change in the economy,” he said, which can’t be guaranteed. J.P. Morgan also released a report today predicting significant growth in the latter part of the year.
“Even though I am a bull,” Cramer said, “those are too bullish for me.”
The Cramer college tour was the last scavenger of the college kids out of their little saving and credit cards.
What's left is those who survived through the prior pump and dump phase.
__________________________________________
Cramer: Wall Street's Outlook 'Too Bullish'
Posted By: Tom Brennan | Web Editor
| 26 Jun 2009 | 03:43 PM ET
Market research predicting a big turn in the third and fourth quarters of 2009 might be “too bullish,” Cramer said during Friday’s Stop Trading!. While the shift in focus toward the second half of the year is typical as July 1 approaches, “there are a lot of people staking out high-economic-growth ground right now.”
“This is the most aggressive, bullish stuff I’ve seen,” the Mad Money host said.
Cramer pointed specifically to two new Citigroup reports on Eaton and Cummins . The bank recommended buying both stocks on a “big change in the economy,” he said, which can’t be guaranteed. J.P. Morgan also released a report today predicting significant growth in the latter part of the year.
“Even though I am a bull,” Cramer said, “those are too bullish for me.”
US is on the same path as California financial trouble
The Jackson financial case is the reality and another case is the State of California. With the current debt spending economy, US is heading the same path.
Jackson Leaves Behind A Troubled Financial Legacy
http://www.cnbc.com/id/31565770
Jackson Tour Promoter Stands to Lose Millions
AEG Live, the promoter of Michael Jackson's planned 50-show run at the O2 Arena in London, could have a serious financial problem on its hands.
http://www.cnbc.com/id/31566576
Jackson Leaves Behind A Troubled Financial Legacy
http://www.cnbc.com/id/31565770
Jackson Tour Promoter Stands to Lose Millions
AEG Live, the promoter of Michael Jackson's planned 50-show run at the O2 Arena in London, could have a serious financial problem on its hands.
http://www.cnbc.com/id/31566576
Who is still fooled:
Consumer Confidence Hits Highest Level in Over a Year
ECONOMY, ECONOMIC DATA, CONSUMER, SENTIMENT,
Reuters
| 26 Jun 2009 | 09:58 AM ET
U.S. consumer confidence rose in June to the highest since February 2008, as expectations grew that the worst economic recession since the Great Depression may be ending, a survey showed Friday.
The Reuters/University of Michigan Surveys of Consumers said its final index of confidence for June was at 70.8 from 68.7 in May, equaling February 2008's reading.
This was above economists' median expectation for a reading of 69.0, according to a Reuters poll.
The index of consumer expectations edged lower, though, to 69.2 in June from 69.4 last month.
Since the November 2008 low of 55.3, the sentiment index has gained 15.5 points, recouping about one-third of the loss posted since the peak in January 2007.
"Such a sizable gain has usually indicated that an end to the economic downturn is on the horizon, as consumers begin to increase their spending on houses, vehicles, and large household durables," the Reuters/University of Michigan Surveys of Consumers said in a statement.
Copyright 2009 Reuters. Click for restrictions.
URL: http://www.cnbc.com/id/31565871/
ECONOMY, ECONOMIC DATA, CONSUMER, SENTIMENT,
Reuters
| 26 Jun 2009 | 09:58 AM ET
U.S. consumer confidence rose in June to the highest since February 2008, as expectations grew that the worst economic recession since the Great Depression may be ending, a survey showed Friday.
The Reuters/University of Michigan Surveys of Consumers said its final index of confidence for June was at 70.8 from 68.7 in May, equaling February 2008's reading.
This was above economists' median expectation for a reading of 69.0, according to a Reuters poll.
The index of consumer expectations edged lower, though, to 69.2 in June from 69.4 last month.
Since the November 2008 low of 55.3, the sentiment index has gained 15.5 points, recouping about one-third of the loss posted since the peak in January 2007.
"Such a sizable gain has usually indicated that an end to the economic downturn is on the horizon, as consumers begin to increase their spending on houses, vehicles, and large household durables," the Reuters/University of Michigan Surveys of Consumers said in a statement.
Copyright 2009 Reuters. Click for restrictions.
URL: http://www.cnbc.com/id/31565871/
Thursday, June 25, 2009
Bernanke motive for the 60min TV show credibility & EOQ/EOM manipulation
We often see the EOM/EOQ has up-side bias with the financial report window-dressing manipulation.
Markets are extremely manipulated because Bernanke thinks that it is his credibility on the line since he chose to get on the 60min TV show.
Those who know the real financial market condition would be more astonished by the manipulation, but those who do not know the reality would be happy to see gains on the Quarterly statement. That is what Bernanke is aiming at to give false hope and a sense of approval.
Also, the OB credibility to sustain hope even though it is based on the false hope spending debt economy.
So, we are seeing more manipulated markets because of the prime motives noted above.
Markets are extremely manipulated because Bernanke thinks that it is his credibility on the line since he chose to get on the 60min TV show.
Those who know the real financial market condition would be more astonished by the manipulation, but those who do not know the reality would be happy to see gains on the Quarterly statement. That is what Bernanke is aiming at to give false hope and a sense of approval.
Also, the OB credibility to sustain hope even though it is based on the false hope spending debt economy.
So, we are seeing more manipulated markets because of the prime motives noted above.
Fed Manipulation: Dow up 173 as oil, retail stocks rally
With the Bernanke manipulation nonsense, Gas ran up over 120%
Oil up again near to 70.
@CL.P 69.95 1.28 1.86%
Of course, Fed Ben does not manipulate markets either.
------------------------------------------------------------------------------
Big Ben deception:
Dow up 173 as oil, retail stocks rally
Treasury yields fall, and Bed Bath & Beyond boosts retailers. Oil tops $70. Fed chief Ben Bernanke denies pressuring Bank of America.
Oil up again near to 70.
@CL.P 69.95 1.28 1.86%
Of course, Fed Ben does not manipulate markets either.
------------------------------------------------------------------------------
Big Ben deception:
Dow up 173 as oil, retail stocks rally
Treasury yields fall, and Bed Bath & Beyond boosts retailers. Oil tops $70. Fed chief Ben Bernanke denies pressuring Bank of America.
Paul’s Bill To Audit The Federal Reserve Now Has 242 Co-Sponsors
We need to AUDIT FED - to stop corrupting and destroying the United States using financial manipulation.
The profit made by the FED is from the people and the nation -- as a result, we are going bankrupt.
===============
Ron Paul’s Bill To Audit The Federal Reserve Now Has 242 Co-Sponsors
By tmartin • June 24, 2009
Ron Paul’s bill to audit the Federal Reserve (HR 1207) now has 242 co-sponsors, and the numbers keep growing! At the same time, HR 1207’s companion bill in the Senate, S 604, is beginning to attract its first co-sponsors!
This is history in the making, and victory is within reach. Imagine what will happen if HR 1207, The Federal Reserve Transparency Act, comes up for vote in Congress! With more than 55% of the House of Representatives already co-sponsoring this bill, it has real potential to pass — BUT only if we educate and rally the people to support it and get our Congresspeople to put it to vote and pass it.
http://www.ronpaul.com/2009-06-24/ron-pauls-bill-to-audit-the-federal-reserve-now-has-242-co-sponsors/
The profit made by the FED is from the people and the nation -- as a result, we are going bankrupt.
===============
Ron Paul’s Bill To Audit The Federal Reserve Now Has 242 Co-Sponsors
By tmartin • June 24, 2009
Ron Paul’s bill to audit the Federal Reserve (HR 1207) now has 242 co-sponsors, and the numbers keep growing! At the same time, HR 1207’s companion bill in the Senate, S 604, is beginning to attract its first co-sponsors!
This is history in the making, and victory is within reach. Imagine what will happen if HR 1207, The Federal Reserve Transparency Act, comes up for vote in Congress! With more than 55% of the House of Representatives already co-sponsoring this bill, it has real potential to pass — BUT only if we educate and rally the people to support it and get our Congresspeople to put it to vote and pass it.
http://www.ronpaul.com/2009-06-24/ron-pauls-bill-to-audit-the-federal-reserve-now-has-242-co-sponsors/
GDP
Final GDP Revision: Where Economy is Shrinking Most
Published: Thursday, 25 Jun 2009 | 8:44 AM ET
Text Size
By: Ariel Nelson
Director of Market Data & Content Services
First Quarter GDP was revised to a final drop of 5.5%, slightly better than was previously reported 5.7% and the 6.1% originally reported. This comes after the final numbers for Fourth Quarter GDP was down -6.3%, the worst quarter since Q1 1982 when economic "growth" was -6.4%. This is the first streak of three negative quarters since Q1 1975.
Here is a breakdown of where the economy is shrinking, and growing, most.
* Gross Domestic Product: -5.5%
o Personal Consumption: +1.4%
+ Durable Goods: +9.5%
+ Nondurable Goods: -0.4%
+ Services: +0.9%
o Private Investment: -48.9%
o Net Exports:
+ Exports: -30.6%
+ Imports: -36.4%
o Government Consumption: -3.1%
+ Federal: -4.5%
+ State & Local: -2.2%
Jobless claims news outweighed the improved GDP and turned the futures negative this morning.
Published: Thursday, 25 Jun 2009 | 8:44 AM ET
Text Size
By: Ariel Nelson
Director of Market Data & Content Services
First Quarter GDP was revised to a final drop of 5.5%, slightly better than was previously reported 5.7% and the 6.1% originally reported. This comes after the final numbers for Fourth Quarter GDP was down -6.3%, the worst quarter since Q1 1982 when economic "growth" was -6.4%. This is the first streak of three negative quarters since Q1 1975.
Here is a breakdown of where the economy is shrinking, and growing, most.
* Gross Domestic Product: -5.5%
o Personal Consumption: +1.4%
+ Durable Goods: +9.5%
+ Nondurable Goods: -0.4%
+ Services: +0.9%
o Private Investment: -48.9%
o Net Exports:
+ Exports: -30.6%
+ Imports: -36.4%
o Government Consumption: -3.1%
+ Federal: -4.5%
+ State & Local: -2.2%
Jobless claims news outweighed the improved GDP and turned the futures negative this morning.
Wednesday, June 24, 2009
Insanely greedy: re Buffett Says U.S. May Need a Second Stimulus Package
Bankrupting the nation and scavenging the rest. Where does the insane stimulus come from and where did California go. They do not deal with real issues which is overspending, job export, too much import, and globalism.
Buffett Says U.S. May Need a Second Stimulus Package (Update2)
By Andrew Frye, Betty Liu and Erik Holm
June 24 (Bloomberg) -- Billionaire investor Warren Buffett said the U.S. may need a second economic stimulus package as unemployment is poised to continue rising.
“It looks like we’re going to need more medicine, not less,” Buffett said today in a Bloomberg Television interview. “We’re going to have more unemployment. The recovery really hasn’t got going.” Buffett is chairman and chief executive officer of Omaha, Nebraska-based Berkshire Hathaway Inc.
President Barack Obama signed a $787 billion stimulus bill in February, which included tax cuts and spending on infrastructure projects intended to save or create 3.5 million jobs. The Federal Reserve, under Chairman Ben S. Bernanke, has doubled its balance sheet to help thaw credit markets. In the first quarter, the U.S. gross domestic product plunged, and Berkshire reported its first loss since 2001.
re Killing parks: As the Golden State runs out of money, legislators mull closing 220 parks, Stacey Delo reports.
http://www.marketwatch.com/video/asset/state-parks-on-chopping-block/979D314F-4B0E-43E7-B452-EC4307153991
_____________________________________________________
Buffett Says U.S. May Need a Second Stimulus Package (Update2)
By Andrew Frye, Betty Liu and Erik Holm
June 24 (Bloomberg) -- Billionaire investor Warren Buffett said the U.S. may need a second economic stimulus package as unemployment is poised to continue rising.
“It looks like we’re going to need more medicine, not less,” Buffett said today in a Bloomberg Television interview. “We’re going to have more unemployment. The recovery really hasn’t got going.” Buffett is chairman and chief executive officer of Omaha, Nebraska-based Berkshire Hathaway Inc.
President Barack Obama signed a $787 billion stimulus bill in February, which included tax cuts and spending on infrastructure projects intended to save or create 3.5 million jobs. The Federal Reserve, under Chairman Ben S. Bernanke, has doubled its balance sheet to help thaw credit markets. In the first quarter, the U.S. gross domestic product plunged, and Berkshire reported its first loss since 2001.
TRINQ 0.187
TRINQ 0.187 which is extremely low reading.
The Fed/Obomb tranquilizer shot markets to fool many with debt spending false hope, then, robs millions to go bankrupt and the nation.
Spending Debt phony economy
Propaganda Nightmare: the Fed/the Gov bankrupted millions and now we have early signs of bankrupting the United States. The GREED is going crazy, living hell out of many with lies and deception. With the millions and billion legally stolen from millions, spend on nice beaches, luxury boats, tropical paradise, etc. -- could burn money in piles.
re Killing parks: As the Golden State runs out of money, legislators mull closing 220 parks, Stacey Delo reports.
http://www.marketwatch.com/video/asset/state-parks-on-chopping-block/979D314F-4B0E-43E7-B452-EC4307153991
re Killing parks: As the Golden State runs out of money, legislators mull closing 220 parks, Stacey Delo reports.
http://www.marketwatch.com/video/asset/state-parks-on-chopping-block/979D314F-4B0E-43E7-B452-EC4307153991
Propaganda: re OECD Raises Outlook for First Time in Two Years
Who in the right mind would fall for such insanity of debt spending economy which is a complete deception which is fooling those who do not know the reality of the debt spending false hope which will destroy massive Americans and the United States in reality.
___________________________________________________________
June 24 (Bloomberg) -- The Organization for Economic Cooperation and Development raised its forecast for the economy of its 30 member nations for the first time in two years as the U.S. slump shows signs of easing.
The combined economy of the world’s most-industrialized countries will shrink 4.1 percent this year and grow 0.7 percent in 2010, the Paris-based group, which was founded in 1961 to coordinate international economic policies, said today. The new projections compare with March forecasts for contractions of 4.3 percent and 0.1 percent.
The improved outlook conflicts with that of the World Bank, which this week said the global recession will be deeper than it predicted three months ago. In anticipating a weak recovery staggered across different economies, the OECD signaled that the Federal Reserve and Bank of Japan should not raise interest rates before 2011 and recommended the European Central Bank cut its benchmark further.
___________________________________________________________
June 24 (Bloomberg) -- The Organization for Economic Cooperation and Development raised its forecast for the economy of its 30 member nations for the first time in two years as the U.S. slump shows signs of easing.
The combined economy of the world’s most-industrialized countries will shrink 4.1 percent this year and grow 0.7 percent in 2010, the Paris-based group, which was founded in 1961 to coordinate international economic policies, said today. The new projections compare with March forecasts for contractions of 4.3 percent and 0.1 percent.
The improved outlook conflicts with that of the World Bank, which this week said the global recession will be deeper than it predicted three months ago. In anticipating a weak recovery staggered across different economies, the OECD signaled that the Federal Reserve and Bank of Japan should not raise interest rates before 2011 and recommended the European Central Bank cut its benchmark further.
USD reflects the reality of massive Americans
USD reflects the reality of massive Americans who are destroyed by the financial policies. The Fed and the Gov bankrupting millions of Americans and the United States using deceptive monetary policies and financial markets which we can see the result of long term effects. USD is continuing to lose its value along with the massive Americans who are going through financial crisis, and now the Fed and the Gov are heading to bankrupting the United States using massive debt spending economy.
Nightmare of the Fed Statement Could Cause Havoc, Says Analyst
The insanity of the Fed/Obomb spending debt fooling U.S. as long as they can fool someone.
Fed Statement Could Cause Havoc, Says Analyst
Posted By: Lee Brodie | Web Editor
| 23 Jun 2009 | 06:06 PM ET
Investors are eager to hear from the Fed on Wednesday. And what they say could rock markets.
As you know all too well Tuesday was day one of the Federal Reserve's two-day meeting on monetary policy.
What should you expect?
The Fed is widely expected to keep its key rate near zero, but investors are unsure how optimistic the policy makers will be in their economic assessment — and whether the central bank is considering raising rates later this year to curb inflation.
Currently the Fed is walking a proverbial tightrope and in its statement must strike exactly the right tone so as to not trigger fears of inflation or deflation.
I’m hoping the Fed says we’re keeping rates where they are, muses Karen Finerman. Personally, I don’t expect anything dramatic.
Asian Saving: re Asian Markets Recover from 1-Month Low, Eye Fed
Markets are obviously on the way to legally steal Asian saving accounts using bubbles/crash will be left with massive debt and bankruptcies just the same as millions of Americans and U.S.
Asian Markets Recover from 1-Month Low, Eye Fed
CNBC.com
| 24 Jun 2009 | 12:18 AM ET
Asian stocks inched higher Wednesday from a one-month low hit the previous day while the U.S. dollar drifted, with investors bracing for a Federal Reserve decision and any signs the central bank is worried about the jump in U.S. bond yields.
The Fed is widely expected to keep interest rates on hold at a record low and keep its planned debt purchases unchanged, so the focus is on whether the central bank tweaks its statement to rein in a slide in U.S. Treasuries that threatens the economy's budding recovery.
The dollar found its footing after a sharp slide the previous day, the latest volatile move across markets in the waning days of the second quarter. The greenback edged up against the yen and was little changed versus the euro . Crude oil surrendered some of the gains in Asia, slipping below $69 a barrel.
The market shrugged off Japanese data showing exports tumbled 40.9 percent in May from a year earlier, underscoring that any recovery in global trade is going to be a long one.
Tuesday, June 23, 2009
Ridiculous Obama blaming Bernanke
Ridiculous blame game as only naive would fall in for such same old blame manipulation for disastrous debt spending economy. Any other would be worse, how can anyone do without dealing with real problems of overspending and the effects of globalism.
Also, we have very inefficient and big government system bankrupting our nation. Actually, Bernanke would be most un-corrupted person could be in the position even though we would be suspicious about the recent banking failure which is de ja vu of 1997 S&L crisis except this is bigger scheme.
Also, we have very inefficient and big government system bankrupting our nation. Actually, Bernanke would be most un-corrupted person could be in the position even though we would be suspicious about the recent banking failure which is de ja vu of 1997 S&L crisis except this is bigger scheme.
Fed Chief's Future Remains Cloudy as Central Bank Meets
Reuters
| 23 Jun 2009 | 04:59 PM ET
President Obama said Tuesday that Federal Reserve Chairman Ben Bernanke had done a good job handling the financial crisis but offered no hints on whether he wanted the central bank chief to stay in his job.
Bernanke, who was appointed by former President George W. Bush, a Republican, became Fed chair in February 2006. His term expires at the end of January 2010 and financial markets are eager to know whether he will stay.
Mortgage Bankers Slash 2009 Forecasts
We now hear reports regarding the problem of higher interest rate & eligibility issues which I noted during the last several weeks.
________________________________________________________________
________________________________________________________________
Existing Home Sales Rise 2.4% in May, Shy of Expectations:
Sales of previously owned homes in the United States rose at a slower-than-expected pace in May, an industry survey showed Tuesday, pointing to a sluggish recovery from the severe economic recession.
The National Association of Realtors said sales rose 2.4 percent to an annual rate of 4.77 million units from a downwardly revised 4.66 million pace in April. The May reading was below market forecasts for a 4.81 million-unit pace.
________________________________________________________________
Today the Mortgage Bankers Association put out a revision in its 2009 originations forecast. A big revision. A $700 billion revision. “$84 billion of the drop is due to lower purchase originations and the rest is due to lower rate/term refinances and very low volumes in the Fannie Mae and Freddie Mac Home Affordable Refinance Program (HARP).” That’s big too.The MBA had raised its forecast by over $800 billion in March following the drop in interest rates associated with the Fed’s announcement on the Treasury bond and mortgage-backed securities purchases programs as well as the implementation of the HARP. But at the time it warned that rates might not stay low, and guess what? They didn’t.
Monday, June 22, 2009
Market Update
The Fed day 1Correction to SPX 880 going into the FOMC announcement?
* Markets closed below the pivots, SPX 893.04 LOD, which I noted during the QOE week as noted: a confirmation for a meaningful correction, e.g. breaking below the lows of the last week: SPX 900, DOW 8450, Nasdaq 1780, and Qs 35.40.
* SPX 880 +/- is the next pivot which will lead to the next target SPX 750.
* Major indexes SPX, DOW, TRAN, BKX, and XBD closed below primary supports and ST price actions are now showing downside momentum.
* Intraday 60min price actions are now becoming oversold, however, showing negative divergences to downside with extended corrective impulse wave.
* ST A-B-C correction scenario is currently wave B correction to 850-
* Correction to DOW 7500, SPX 750, QQQQ 30.50 into mid July is ideal, however, markets could hold up until Q2 report to show false hope financial reports.
* Realistic: Bearish case is intermediate corrective wave 5 to SPX 666/555.
DOW daily
* DOW 8339.01* Dow closed below uptrend support
* 8200 support showing H&S formation
* Daily momentum turned to downside with a trend break.
* 60min is becoming oversold however downside momentum could carry strong downside trend to 8200.
* Markets are very overbought on weekly.* Ideally, a correction to DOW 7500, SPX 750, QQQQ 30.50 into mid July is the best case scenario.
6/22/2009
* 10yr 3.72
* 10yr 3.50 pivot
* Rising interests rate
* Rising energy cost: Gas price ==> squeezing consumer
* Rising trillions of debt* Comparatively, interest rate is rising faster than housing recovery.
* HGX housing 77.09
Sunday, June 21, 2009
Market update 090619
Markets trading at pivots going into the FOMC announcement
http://trend-signals.com/Analysis/090619.htm
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38904789
* After brief two day correction during the Quad OE week, markets closed near at pivots: below the recent intraday downtrends and 20 dma for SPX and DOW. While markets are showing an early sign of correction, we do not have a confirmation for a meaningful correction, e.g. breaking below the lows of the last week: SPX 900, DOW 8450, Nasdaq 1780, and Qs 35.40.
* After showing extended period of negative divergences in price and breadth momentum on daily price actions, markets are now showing a correction period closing below a primary uptrend supports.
* Major indexes SPX, DOW, TRAN, BKX, and XBD closed below primary supports and ST price actions are now showing downside momentum.
* Intraday 60min price actions are now showing vst downtrend after two-day consolidation.
* ST A-B-C correction scenario is currently wave B correction to 850-
* Correction to DOW 7500, SPX 750, QQQQ 30.50 into mid July is ideal, however, markets could hold up until Q2 report to show false hope financial reports.
* Realistic: Bearish case is intermediate corrective wave 5 to SPX 666/555.
* Warning: with the Fed manipulation to inflate the Q2 market report, markets could be held up until EOM. Only very naive will believe the market manipulation based on debt spending economy.
Markets trading at pivots going into the FOMC announcement
http://trend-signals.com/Analysis/090619.htm
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38904789
* After brief two day correction during the Quad OE week, markets closed near at pivots: below the recent intraday downtrends and 20 dma for SPX and DOW. While markets are showing an early sign of correction, we do not have a confirmation for a meaningful correction, e.g. breaking below the lows of the last week: SPX 900, DOW 8450, Nasdaq 1780, and Qs 35.40.
* After showing extended period of negative divergences in price and breadth momentum on daily price actions, markets are now showing a correction period closing below a primary uptrend supports.
* Major indexes SPX, DOW, TRAN, BKX, and XBD closed below primary supports and ST price actions are now showing downside momentum.
* Intraday 60min price actions are now showing vst downtrend after two-day consolidation.
* ST A-B-C correction scenario is currently wave B correction to 850-
* Correction to DOW 7500, SPX 750, QQQQ 30.50 into mid July is ideal, however, markets could hold up until Q2 report to show false hope financial reports.
* Realistic: Bearish case is intermediate corrective wave 5 to SPX 666/555.
* Warning: with the Fed manipulation to inflate the Q2 market report, markets could be held up until EOM. Only very naive will believe the market manipulation based on debt spending economy.
Saturday, June 20, 2009
Reality of 1990-2009
Reality of 1990-2009 financial deception & US Regional and State Unemployment Rates for May-STATS
Market hype based on false hope that spending massive debt will cure the massive bubble/bust financial market hype during the last decades bankrupting millions.
1990s tech bubble to drain personal savings to bet on stock markets when small speculators were drawn into financial markets.
2000-2002 tech bubble crash draining personal savings.
2003-2007 housing/derivative bubbles to drain home equities after draining personal savings during the 1990-2002.
2007-2009 housing bubble crash drained home equities and bankrupting millions
2009 - some foolishly believing in debt economy which is the ultimate deception of draining the country and left-over small speculators who survived through the prior bubble/crash disaster.
http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=47f0cc90-21cd-49d7-a219-5836bf4fba55
Market hype based on false hope that spending massive debt will cure the massive bubble/bust financial market hype during the last decades bankrupting millions.
1990s tech bubble to drain personal savings to bet on stock markets when small speculators were drawn into financial markets.
2000-2002 tech bubble crash draining personal savings.
2003-2007 housing/derivative bubbles to drain home equities after draining personal savings during the 1990-2002.
2007-2009 housing bubble crash drained home equities and bankrupting millions
2009 - some foolishly believing in debt economy which is the ultimate deception of draining the country and left-over small speculators who survived through the prior bubble/crash disaster.
http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=47f0cc90-21cd-49d7-a219-5836bf4fba55
FOMC
The FOMC & the Quarterly report market manipulation before earning report month in July.
Obviously, fund managers are holding on to stocks based on the Fed FOMC manipulation to hold up the markets so that the quarterly market reports will show better return.
Those who understand financial market history as I repeatedly noted would understand the Greenspan and market manipulation how market cycles are used to drain majority wealth of market participants and non-participants as economic collapse. As explained the reality of Greenspan era was the biggest financial deception in US History, and now Bernanke with debt spending false hope will be revealed as disaster.
As noted earlier, markets are repeatedly using different deception evidenced by millions are going bankrupt and the 100 trillion national debt. In my opinion, coming collapse of debt economy after bankrupting millions with tech/R.E. bubbles will be disastrous -- yet many are fooled into the false hope.
Jun 23 10:00 Existing Home Sales May NA 4.83M 4.68M
Jun 24 08:30 Durable Orders May NA -0.9% 1.9%
Jun 24 08:30 Durable Orders, Ex-Transportation May NA -0.5% 0.8%
Jun 24 10:00 New Home Sales May NA 360K 352K
Jun 24 10:30 Crude Inventories 06/19 NA NA -3.87M
Jun 24 14:15 FOMC Rate Decision
Jun 25 08:30 Initial Claims 06/20 NA NA NA
Jun 25 08:30 Q1 GDP - Final Q1 NA -5.7% -5.7%
Jun 26 08:30 Personal Income May NA 0.2% 0.5%
Jun 26 08:30 Personal Spending May NA 0.4% -0.1%
Jun 26 08:30 PCE Core May NA 0.2% 0.3%
Jun 26 09:55 Mich Sentiment-Rev Jun NA 69.0 69.0
Obviously, fund managers are holding on to stocks based on the Fed FOMC manipulation to hold up the markets so that the quarterly market reports will show better return.
Those who understand financial market history as I repeatedly noted would understand the Greenspan and market manipulation how market cycles are used to drain majority wealth of market participants and non-participants as economic collapse. As explained the reality of Greenspan era was the biggest financial deception in US History, and now Bernanke with debt spending false hope will be revealed as disaster.
As noted earlier, markets are repeatedly using different deception evidenced by millions are going bankrupt and the 100 trillion national debt. In my opinion, coming collapse of debt economy after bankrupting millions with tech/R.E. bubbles will be disastrous -- yet many are fooled into the false hope.
Jun 23 10:00 Existing Home Sales May NA 4.83M 4.68M
Jun 24 08:30 Durable Orders May NA -0.9% 1.9%
Jun 24 08:30 Durable Orders, Ex-Transportation May NA -0.5% 0.8%
Jun 24 10:00 New Home Sales May NA 360K 352K
Jun 24 10:30 Crude Inventories 06/19 NA NA -3.87M
Jun 24 14:15 FOMC Rate Decision
Jun 25 08:30 Initial Claims 06/20 NA NA NA
Jun 25 08:30 Q1 GDP - Final Q1 NA -5.7% -5.7%
Jun 26 08:30 Personal Income May NA 0.2% 0.5%
Jun 26 08:30 Personal Spending May NA 0.4% -0.1%
Jun 26 08:30 PCE Core May NA 0.2% 0.3%
Jun 26 09:55 Mich Sentiment-Rev Jun NA 69.0 69.0
Friday, June 19, 2009
Goldman
Taps MSFT as 'Conviction Buy,' Shares Climb
| 19 Jun 2009 | 07:17 AM ET
Goldman Sachs added Microsoft to its “Americas conviction buy list” Friday and raised its price target for the stock by $4 a share, sending shares of the technology bellwether higher in pre-market trading.
Goldman raised Microsoft’s price target to $29 per share from $25 per share and issued a “buy” rating on the stock. Microsoft shares closed at $23.50 Thursday, having slipped 0.8 percent.
But, shares of Microsoft jumped more than 2 percent in pre-market trading after the news from Goldman.
Goldman said Microsoft's revenue drivers, improved expense management and cash balances provided opportunities for the company to beat on its profit estimates.
"Looking out to calendar year 2010 and beyond, the new product pipeline, combined with a modest rebound in information technology spending, should buoy top-line growth," Goldman wrote in a note to clients.
The rating upgrade came as Microsoft announced it is prepared to invest up to 10 percent of its operating income in its Internet search business.
Thursday, June 18, 2009
Bridge over trouble
http://www.youtube.com/watch?v=qjxtWwi9vbk
http://www.youtube.com/watch?v=lglCDwifzio
http://www.youtube.com/watch?v=30onstc6jIA
http://www.youtube.com/watch?v=lglCDwifzio
http://www.youtube.com/watch?v=30onstc6jIA
Part 1 of 10 Psychiatry - Making a Killing with Dr. Rima Laibow & G. Edward Griffen By CCHR
Market Update 090618
Brief Market update 090618 ~
Markets bounced off from the noted vst supports: SPX 903, Qs 35.50, and DOW 8575 which I noted as the secondary supports.
As noted the HOD (high of the day) back-testing the trend break, markets traded in the support and resistance zone.
Thursday, June 18, 2009 1:16:59 PM
Backtest R
$COMPX 1816.60
$INDU 8590.52
$INX 921.93
Market trading volumes are extremely low as we can see that DOW has only 1.07 billion which is a half of normal trading volume.
With the massive debt selling and running up deficit, it is evident that the Gov and the Fed actions are mainly support the Gov expanses to operate instead of focusing on creating jobs. It is foolish to believe that we have a real economic recovery based on debt spending which is worse than the R.E. bubble/crash economy bankrupting millions of Americans.
With the RIMM earning report, futures are positive at the moment even though the guidance was low.
Intraday market actions are mixed as we can see on 60mins consolidated the day. Markets are very overbought, and holding up with artificial price manipulation which could, based on 5th wave scenario, crush down faster than it went up.
Following the correction period, based on Intermediate Wave 5 scenario, SPX 750/666 truncated or SPX 555 which is normal W5 price length.
For VST, the next lower targets are: Qs 34.50/33, SPX 880, and DOW 8200
Given the high risk, it is best to sell the long position as markets have rallied 40% before markets are in full blown sell-off mode. As noted before, being realistic is best dealing with highly risky market condition which we are in:
1) the Gov is continuing to sell debt to sustain the operating.
2) many unemployment check spending is running out the benefit which will cause more trouble with credit card payments resulting in more default.
3) 500 trillion derivative debt is still looming over markets.
4) housing markets are still going through down-sliding which is obvious when we do not have genuine economic growth.
5) not many have home equity to spend like in 2002-2007.
6) interest rate went up which will further stress many consumers.
7) higher gas price will strain many who are in tight budget.
8) markets can sell off very sharp as did before. Just because markets holding up now, does not mean it will be the same in the very overbought markets in narrow range/breadth compared to other market condition such as 2002. As noted before, this economy is not similar as that of 2002-2003.
9) in reality, there is no cyclical bull market with debt-spending economy. It is just a matter of time before the debt-clock runs out.
10) many are not as foolish as they were like in 2002-2003 about the Fed and the Gov activities as we have massive internet communication.
Market Summary:
http://articles.moneycentral.msn.com/Investing/Dispatch/market-dispatches-061809.aspx
Markets bounced off from the noted vst supports: SPX 903, Qs 35.50, and DOW 8575 which I noted as the secondary supports.
As noted the HOD (high of the day) back-testing the trend break, markets traded in the support and resistance zone.
Thursday, June 18, 2009 1:16:59 PM
Backtest R
$COMPX 1816.60
$INDU 8590.52
$INX 921.93
Market trading volumes are extremely low as we can see that DOW has only 1.07 billion which is a half of normal trading volume.
With the massive debt selling and running up deficit, it is evident that the Gov and the Fed actions are mainly support the Gov expanses to operate instead of focusing on creating jobs. It is foolish to believe that we have a real economic recovery based on debt spending which is worse than the R.E. bubble/crash economy bankrupting millions of Americans.
With the RIMM earning report, futures are positive at the moment even though the guidance was low.
Intraday market actions are mixed as we can see on 60mins consolidated the day. Markets are very overbought, and holding up with artificial price manipulation which could, based on 5th wave scenario, crush down faster than it went up.
Following the correction period, based on Intermediate Wave 5 scenario, SPX 750/666 truncated or SPX 555 which is normal W5 price length.
For VST, the next lower targets are: Qs 34.50/33, SPX 880, and DOW 8200
Given the high risk, it is best to sell the long position as markets have rallied 40% before markets are in full blown sell-off mode. As noted before, being realistic is best dealing with highly risky market condition which we are in:
1) the Gov is continuing to sell debt to sustain the operating.
2) many unemployment check spending is running out the benefit which will cause more trouble with credit card payments resulting in more default.
3) 500 trillion derivative debt is still looming over markets.
4) housing markets are still going through down-sliding which is obvious when we do not have genuine economic growth.
5) not many have home equity to spend like in 2002-2007.
6) interest rate went up which will further stress many consumers.
7) higher gas price will strain many who are in tight budget.
8) markets can sell off very sharp as did before. Just because markets holding up now, does not mean it will be the same in the very overbought markets in narrow range/breadth compared to other market condition such as 2002. As noted before, this economy is not similar as that of 2002-2003.
9) in reality, there is no cyclical bull market with debt-spending economy. It is just a matter of time before the debt-clock runs out.
10) many are not as foolish as they were like in 2002-2003 about the Fed and the Gov activities as we have massive internet communication.
Market Summary:
http://articles.moneycentral.msn.com/Investing/Dispatch/market-dispatches-061809.aspx
683.7 TRILLION of the OTC DERIVATIVES
Bankrupting the United States and millions of Americans.
57 Trillion in the CDS of the 683.7 TRILLION ( notional amount) of the OTC DERIVATIVES market caused “THIS” financial global meltdown.
Astonishing!
---------------
According to the BIS the gross cost of default of the 57 TRILLION
( notional amount) in CDS could cost ~3.172 TRILLION. That assumes no devaluation of the assets.
In a 20-30% devaluation the cost of the collateral calls or the Gross cost of default on the 57 TRILLION could end up as high as
~ 14-17 TRILLION.
Here is the link to a great article on the following info:
Major US Banks Overexposure to Default Risk
Total Credit Exposure with Derivatives as a % of Risk Capital, Q4 2008
“JPMorgan Chase is the nation’s largest, with $1.7 trillion in assets in its primary banking unit. It’s massively exposed to defaults by its trading partners in derivatives — to the tune of 382 percent (almost four times) its risk-based capital. Plus, since it holds HALF of ALL the derivatives in the U.S. banking industry, JPMorgan is at ground zero in the debt crisis”
JP Morgan Chase at 382%
Citi at 278%
BoA at 179%
HSBC USA at 550%
Gold-Sachs at 1,056%
http://www.moneyandmarkets.com/big-bank-profits-are-bogus-massive-public-deception-33228
57 Trillion in the CDS of the 683.7 TRILLION ( notional amount) of the OTC DERIVATIVES market caused “THIS” financial global meltdown.
Astonishing!
---------------
According to the BIS the gross cost of default of the 57 TRILLION
( notional amount) in CDS could cost ~3.172 TRILLION. That assumes no devaluation of the assets.
In a 20-30% devaluation the cost of the collateral calls or the Gross cost of default on the 57 TRILLION could end up as high as
~ 14-17 TRILLION.
Here is the link to a great article on the following info:
Major US Banks Overexposure to Default Risk
Total Credit Exposure with Derivatives as a % of Risk Capital, Q4 2008
“JPMorgan Chase is the nation’s largest, with $1.7 trillion in assets in its primary banking unit. It’s massively exposed to defaults by its trading partners in derivatives — to the tune of 382 percent (almost four times) its risk-based capital. Plus, since it holds HALF of ALL the derivatives in the U.S. banking industry, JPMorgan is at ground zero in the debt crisis”
JP Morgan Chase at 382%
Citi at 278%
BoA at 179%
HSBC USA at 550%
Gold-Sachs at 1,056%
http://www.moneyandmarkets.com/big-bank-profits-are-bogus-massive-public-deception-33228
Volatility & Quad OE
VIX/VXN bounce/reversal from the IT supports.
___________________________
VIX /VXN Low volatility readings to VIX 26.57 / VXN 27.87
http://trend-signals.com/Analysis/090520.htm
VIX/VXN are trading at IT supports.
Noted on the post.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38004994
_________________
Quadruple witching happens on the third Friday of every quarter and is the simultaneous expiring of stock index futures, stock index options, stock futures, and stock options.
This is the 26th such quadruple witching to happen since single stock futures were launched back in December 2002.
___________________________
VIX /VXN Low volatility readings to VIX 26.57 / VXN 27.87
http://trend-signals.com/Analysis/090520.htm
VIX/VXN are trading at IT supports.
Noted on the post.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38004994
_________________
Quadruple witching happens on the third Friday of every quarter and is the simultaneous expiring of stock index futures, stock index options, stock futures, and stock options.
This is the 26th such quadruple witching to happen since single stock futures were launched back in December 2002.
Wednesday, June 17, 2009
Bailout
Obviously many are waiting for markets to hit lower to bail out from the married stocks with false hope. Primary supports are broken and now markets are trading near at secondary supports as noted earlier, e.g. SPX 903. Once the secondary supports are broken, the big vacuum from the Mar 6 low will be filled. RUSH to get out.
Brief Market update for 090617
As noted, markets bounced off from the noted intraday supports which held for the day.
Posted by: *~1Best~* Date: Wednesday, June 17, 2009 11:02:42 AM
Markets trading near at 200dma s
$COMPX 1785.34
$INDU 8461.29
$INX 903.78
Even though we had the last two days of selling/profit taking, we do not have major technical damage yet; therefore, many are just holding stocks as we can see that we didn't have good volume except that market volumes were higher at the open, then volume dried up as markets were trading up from the noted support.
Obviously, markets are in an early correction period, but not many are convinced, so we are yet to see profit-taking sell. A break of the low noted above, SPX 880 will bring more sellers which will help a correction.
Posted by: *~1Best~* Date: Wednesday, June 17, 2009 11:02:42 AM
Markets trading near at 200dma s
$COMPX 1785.34
$INDU 8461.29
$INX 903.78
Even though we had the last two days of selling/profit taking, we do not have major technical damage yet; therefore, many are just holding stocks as we can see that we didn't have good volume except that market volumes were higher at the open, then volume dried up as markets were trading up from the noted support.
Obviously, markets are in an early correction period, but not many are convinced, so we are yet to see profit-taking sell. A break of the low noted above, SPX 880 will bring more sellers which will help a correction.
LAVA indicator : re Correction On The Horizon?
| Date: Wednesday, June 17, 2009 1:35:34 PM |
When LAVA breaks 200dma, we will see jumping out of married stocks with false hope.
Posted by: *~1Best~* Date: Wednesday, June 17, 2009 11:02:42 AM
Markets trading near at 200dma s
$COMPX 1785.34
$INDU 8461.29
$INX 903.78
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38807790
~ re Obama: Biggest Overhaul Of Bank Sector Since Depression
After bankrupting millions of Americans, laying off millions during the last decades, it is really another financial drama which will not help much at this point since rebuilding Americans financial strength will take decades.
__________________________________________________
Obama: Biggest Overhaul Of Bank Sector Since Depression
| 17 Jun 2009 | 01:04 PM ET
President Obama said Wednesday his administration was proposing the biggest overhaul of the financial regulatory system since the Great Depression but would maintain a careful balance between free markets and regulation.
The proposals will include closing one bank regulator and creating new overseers for big-picture economic risk and consumer financial product safety, according to a document detailing the administration's proposal.
In a package of reforms that takes on many tough jobs while avoiding at least one, the administration proposes putting the Federal Reserve in charge of monitoring the largest financial firms in the hope that holding one agency accountable will prevent a repeat of the severe banking and capital markets crisis that has shaken economies around the world.
"We must act now to restore confidence in the integrity of our financial system," the administration said in the 85-page document.
"The lasting economic damage to ordinary families and businesses is a constant reminder of the urgent need to act to reform our financial regulatory system and put our economy on a track to a sustainable recovery."
Premarket
In Premarket, markets are trading near at vst pivots after 2 day selling/profit taking. As noted earlier, the reality of massive debt spending will hit sooner than later as we have high energy cost without real job growth. The insane debt spending is like novocaine to sick economy with excessive imports and job exports along with over-spending.
$COMPX 1796.18
$INDU 8504.67
$INX 911.97
As noted, VIX/VXN is rising from intermediate supports with positive divergences which is a good sign for a correction period scenario. A correction to noted target is certainly necessary and healthy, in my opinion, that markets are overbought on oversold condition with the Bernanke greenshoot intervention. The side-effect of the intervention is that we now have higher energy cost and higher interest rate which is further pressuring many who are already in financial crisis and which is further pressuring economy.
For vst short term trading, even though intraday is showing positive divergences and mildly oversold, a reverse effect of the uptrend mode could be in effect that the correction mode will continue. Therefore trading based on S/R is logical.
No more fancy CDS, naked short-selling
The repeal of the Glass-Steagall Act is the father of the R.E. crisis bankrupting millions.
Hedge funds and other big investors should be monitored to ensure that they don't accumulate "dangerous imbalances," while the trading and issuing of derivatives should be as strictly regulated as that of stocks, he wrote.
"Custom-made derivatives only serve to improve the profit margin of the financial engineers designing them," Soros said, reiterating his view that some derivatives, such as credit default swaps, should be outlawed.
Reality of novocaine greenshot
Hidden inflation and rotten economy with higher interest rate and higher energy cost - no job growth.
Mortgage Applications Plunge to Near 7-Month Low
Reuters
| 17 Jun 2009 | 07:08 AM ET
U.S. mortgage applications fell for a fourth consecutive week, with overall demand plunging to its lowest level in nearly seven months, data from an industry group showed on Wednesday.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, for the week ended June 12 decreased 15.8 percent to 514.4, the lowest since the week ended Nov. 21, 2008.
Tuesday, June 16, 2009
WEDNESDAY: Bernanke speaks; weekly mortgage applications; CPI; crude inventories; Earnings from FedEx
THURSDAY: Weekly jobless claims; leading indicators; Philly Fed index; Earnings from Research In Motion
FRIDAY: Quadruple OE friday
Markets are in early stage of a correction period.SPX 911 and DOW 8500
* Markets are showing an initial stage of a correction period after trading to the noted targets: SPX 950, DOW8800, NYA 6200, and NASDAQ 1880
* After showing extended period of negative divergences in price and breadth momentum on daily price actions, markets are now showing a correction period closing below a primary uptrend supports.
* Major indexes SPX, DOW, TRAN, BKX, and XBD closed below primary supports and ST price actions are now showing downside momentum.
* Intraday 60min price actions are now showing vst positive divergences. However, daily momentum is now down from very overbought condition.
* BEST CASE SCENARIO: correction to DOW 7500, SPX 750, QQQQ 30.50 into mid July is the best case scenario.
Debt helium
http://www.cnbc.com/id/15840232?video=1154919821&play=1
President Barack Obama makes short work of a pesky fly during an interview with CNBC's John Harwood.
President Barack Obama makes short work of a pesky fly during an interview with CNBC's John Harwood.
BRIC
re: Goldman Sachs, which coined the BRIC term in 2001, now predicts that in 20 years' time the four countries could together dwarf the G7 and China's economy will overtake the United States in total size.
The statement is oxymoron as massive Americans are now bankrupt, lost jobs and life saving over the decades due to the bubble/crash financial market manipulation.
Since the Chinese have savings, of course, they are going to spend until majority of them lose money in financial markets and spent their life savings.
The statement is oxymoron as massive Americans are now bankrupt, lost jobs and life saving over the decades due to the bubble/crash financial market manipulation.
Since the Chinese have savings, of course, they are going to spend until majority of them lose money in financial markets and spent their life savings.
http://www.cnbc.com/id/31378319/
The statement is oxymoron as massive Americans are now bankrupt, lost jobs and life saving over the decades due to the bubble/crash financial market manipulation.
Since the Chinese have savings, of course, they are going to spend until majority of them lose money in financial markets and spent their life savings.
The statement is oxymoron as massive Americans are now bankrupt, lost jobs and life saving over the decades due to the bubble/crash financial market manipulation.
Since the Chinese have savings, of course, they are going to spend until majority of them lose money in financial markets and spent their life savings.
http://www.cnbc.com/id/31378319/
Less than 20% of new college graduates finding jobs
Less than 20% of new college graduates is finding jobs. The OB speech on education is smoke screen and blaming Healthcare for the Americans' financial crisis can fool only those who are ignorant about financial market wealth transfer scam which is legally stealing money using bubble/crash deception.
http://abcnews.go.com/Health/Politics/story?id=7845527&page=1
http://abcnews.go.com/Health/Politics/story?id=7845527&page=1
Monday, June 15, 2009
Market Update & Insider Transaction Analysis
Not many are convinced that markets are in a correction period as we are in Quad OE week and as markets have sold off in light volumes.
As noted earlier, markets bounced off from the intraday supports, however, market price actions are clearly showing downside momentum as we can see on daily indicators. This is after weeks of showing negative divergences in price and breath actions as previously noted.
$COMPX 1803.07
$INDU 8577.90
$INX 919.65
We will see how the Quad OE week ends; however, the two key events are not helpful for markets.
Markets are disappointed about 2 major factors:
1) The election outcome in Iran, and
2) The N.Korea actions.
These factors are not helpful for our economy.
Furthermore, we are continuing to see negative news which are not surprising, however, such as the highest credit card defaults since we are debt-spending economy without genuine job growth as millions are still going through financial crisis and out-of-jobs.
In this globalism environment, especially after decades of overspending, we will not see genuine economic growth.
Technically, as noted, SPX and DOW traded targeted 950 and 8800, respectively; and now we have seen a pull-back today. While intraday price actions are now appearing to be oversold, in a correction period, the reverse of the price action on the uptrend would be the same to downside, except usually sharper.
We have huge price vacuum since the March 6 low because markets have not shown a meaningful correction. While we need to see a confirmation of a break of the today lows, I am holding the same view that the correction is just started and markets are still quite overbought.
Volatility traded higher as alerted after showing positive divergences at the intermediate supports as noted on May 21.
As the week unfolds, we will see how the week ends; however, as previously noted, the next cycle turn is mid July.
So far, not many is thinking that we are in a correction period as shown on low trading volumes today.
Reality of our economy can be assess by the insiders of SP500 companies as the insiders are dealing with day-to-day business operations.
As shown on the SP500 list of insider transaction activities, over 90% of insiders are selling into rallies in a far greater percent than 9% buying activity with lower percent.
I noted on this a few weeks ago based on the TrimTab report as on the May 18, 2009 newsletter.
Today, my analysis of insider transaction activities shows the same as we can see the selling activities highlighted light-yellow column.
As noted on the previous commentaries, market price actions are easy to manipulated, not like our economy.
We had a report that "Credit-Card" defulats jumped to Record High in May. And it is not surprising to hear the news as we know that we have millions who are going through financial crisis.
Over 10% insider sell
IBM insiders are selling at 14.27%
TXN insiders are selling at 8.73%
MSFT insiders are selling at 3.2%
Those insider sellings are just a few examples of big cap companies are selling into the rallies.
* The evidence of the insider selling data is confirming the fact that the markets are selling into rallies which I commented during the last few weeks.
* The detailed analysis of the insider transactions is confirming market internals and price actions showing negative divergences.
As noted earlier, markets bounced off from the intraday supports, however, market price actions are clearly showing downside momentum as we can see on daily indicators. This is after weeks of showing negative divergences in price and breath actions as previously noted.
$COMPX 1803.07
$INDU 8577.90
$INX 919.65
We will see how the Quad OE week ends; however, the two key events are not helpful for markets.
Markets are disappointed about 2 major factors:
1) The election outcome in Iran, and
2) The N.Korea actions.
These factors are not helpful for our economy.
Furthermore, we are continuing to see negative news which are not surprising, however, such as the highest credit card defaults since we are debt-spending economy without genuine job growth as millions are still going through financial crisis and out-of-jobs.
In this globalism environment, especially after decades of overspending, we will not see genuine economic growth.
Technically, as noted, SPX and DOW traded targeted 950 and 8800, respectively; and now we have seen a pull-back today. While intraday price actions are now appearing to be oversold, in a correction period, the reverse of the price action on the uptrend would be the same to downside, except usually sharper.
We have huge price vacuum since the March 6 low because markets have not shown a meaningful correction. While we need to see a confirmation of a break of the today lows, I am holding the same view that the correction is just started and markets are still quite overbought.
Volatility traded higher as alerted after showing positive divergences at the intermediate supports as noted on May 21.
As the week unfolds, we will see how the week ends; however, as previously noted, the next cycle turn is mid July.
So far, not many is thinking that we are in a correction period as shown on low trading volumes today.
Reality of our economy can be assess by the insiders of SP500 companies as the insiders are dealing with day-to-day business operations.
As shown on the SP500 list of insider transaction activities, over 90% of insiders are selling into rallies in a far greater percent than 9% buying activity with lower percent.
I noted on this a few weeks ago based on the TrimTab report as on the May 18, 2009 newsletter.
Today, my analysis of insider transaction activities shows the same as we can see the selling activities highlighted light-yellow column.
As noted on the previous commentaries, market price actions are easy to manipulated, not like our economy.
We had a report that "Credit-Card" defulats jumped to Record High in May. And it is not surprising to hear the news as we know that we have millions who are going through financial crisis.
Over 10% insider sell
IBM insiders are selling at 14.27%
TXN insiders are selling at 8.73%
MSFT insiders are selling at 3.2%
Those insider sellings are just a few examples of big cap companies are selling into the rallies.
* The evidence of the insider selling data is confirming the fact that the markets are selling into rallies which I commented during the last few weeks.
* The detailed analysis of the insider transactions is confirming market internals and price actions showing negative divergences.
Real Economy
Considering the Fed/the Gov policy making is not for many in a long run, the decisions are to mitigate the massive job cut panic and abandoning big 3 as a result of globalism. With the debt-spending economy, buying Trillions of mortgage debt does not help our economy as it just tells us that the massive wealth has been transferred to the Fed/the Gov while some have benefited from the bubble/crash drama. Our economy does not grow because the Fed owns massive wealth taken from millions of Americans.
The future of Americans and US Economy is not going to get better any time soon with the policies which we are hearing even though the policies have some good effects to absorb the panic shock.
While this video is somewhat violent and offensive, the main content of what the follow is saying is quite real.
Ronnie posted this which I think that it is adequately expressed, but would be better without the violence and the swearing language. http://www.cnbc.com/id/31375252
The future of Americans and US Economy is not going to get better any time soon with the policies which we are hearing even though the policies have some good effects to absorb the panic shock.
While this video is somewhat violent and offensive, the main content of what the follow is saying is quite real.
Ronnie posted this which I think that it is adequately expressed, but would be better without the violence and the swearing language.
http://www.youtube.com/watch?v=KWu-efNN8PM
The future of Americans and US Economy is not going to get better any time soon with the policies which we are hearing even though the policies have some good effects to absorb the panic shock.
While this video is somewhat violent and offensive, the main content of what the follow is saying is quite real.
Ronnie posted this which I think that it is adequately expressed, but would be better without the violence and the swearing language. http://www.cnbc.com/id/31375252
The future of Americans and US Economy is not going to get better any time soon with the policies which we are hearing even though the policies have some good effects to absorb the panic shock.
While this video is somewhat violent and offensive, the main content of what the follow is saying is quite real.
Ronnie posted this which I think that it is adequately expressed, but would be better without the violence and the swearing language.
http://www.youtube.com/watch?v=KWu-efNN8PM
Volatility
The effects of bail out with massive debt spending ~ Volatility eruption
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38718817
VIX/VXN bounce/reversal from the IT supports.
___________________________
VIX /VXN Low volatility readings to VIX 26.57 / VXN 27.87
http://trend-signals.com/Analysis/090520.htm
VIX/VXN are trading at IT supports.
Noted on the post.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38004994
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38718817
Posted by: *~1Best~*  | Date: Thursday, May 21, 2009 11:49:55 AM |
___________________________
VIX /VXN Low volatility readings to VIX 26.57 / VXN 27.87
http://trend-signals.com/Analysis/090520.htm
VIX/VXN are trading at IT supports.
Noted on the post.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38004994
Sunday, June 14, 2009
US Debt helium
nearly 100 trillions counting unfunded debts.
________
This reflects how weak consumer spending is.
Theme-park chain Six Flags files for bankruptcy
(CNN) -- In an effort to shed $1.8 billion in debt, popular theme-park chain Six Flags announced Saturday that it was filing for Chapter 11 bankruptcy.
Six Flags operates 20 theme parks in the United States, Mexico and Canada.
Six Flags operates 20 theme parks in the United States, Mexico and Canada.
The filing will not affect the operation of the company's 20 parks in the United States, Mexico and Canada, said spokeswoman Sandra Daniels.
Market Analysis & Forecast 090612
Financial Market Analysis and Forecast e090612
Markets traded to targets and consolidateSPX 950 and DOW 8800
* Markets are consolidationg after trading to the noted targets: SPX 950, DOW8800, NYA 6200, and NASDAQ 1880
* Short term price actions are continuing to show negative divergences and narrowing breadth, however, we do not have a start of a correction confirmation. Trading near at intermediate resistance
* Markets trading in a range is a conservative view as I consider all surrounding circumstances based on technical readings of analyzing 100s of charts and fundamental analysis. My view was consistently that markets are overbought, so that it is better not to chase markets even though we now have seen unreasonable bullish stance after markets traded up 40% from the March low. Until proven otherwise, such as market dynamics and technical reading changes, I hold my view which I expressed during the last few weeks since Markets traded to SPX 950 and DOW 8800. For VST trading, of course, trade based on technical readings.
* I commented on SPX 1000 +/- target since a break above 850 on 3/26/2009. Even though I anticipated a meaningful pull back, markets have not shown a pull back as we have seen a continuation of the recent trend.
* Mid year cycle on 7/13+/-: As previously noted, a major mid year cycle date is next pivotal market juncture. Intermediate targets are: SPX 1050 +/-, DOW 11000 +/-, Nasdaq 2200, QQQQ 43, NYA 8000, $BKX 77
Markets traded to targets and consolidateSPX 950 and DOW 8800
* Markets are consolidationg after trading to the noted targets: SPX 950, DOW8800, NYA 6200, and NASDAQ 1880
* Short term price actions are continuing to show negative divergences and narrowing breadth, however, we do not have a start of a correction confirmation. Trading near at intermediate resistance
* Markets trading in a range is a conservative view as I consider all surrounding circumstances based on technical readings of analyzing 100s of charts and fundamental analysis. My view was consistently that markets are overbought, so that it is better not to chase markets even though we now have seen unreasonable bullish stance after markets traded up 40% from the March low. Until proven otherwise, such as market dynamics and technical reading changes, I hold my view which I expressed during the last few weeks since Markets traded to SPX 950 and DOW 8800. For VST trading, of course, trade based on technical readings.
* I commented on SPX 1000 +/- target since a break above 850 on 3/26/2009. Even though I anticipated a meaningful pull back, markets have not shown a pull back as we have seen a continuation of the recent trend.
* Mid year cycle on 7/13+/-: As previously noted, a major mid year cycle date is next pivotal market juncture. Intermediate targets are: SPX 1050 +/-, DOW 11000 +/-, Nasdaq 2200, QQQQ 43, NYA 8000, $BKX 77
Friday, June 12, 2009
Economic schedule - Quadruple Witchin OE week
MONDAY: NY Fed Empire State survey; Fed's Evans speaks; NAHB housing index
TUESDAY: Housing starts; PPI; industrial production; Madoff sentencing; Earnings from Best Buy, Smithfield Foods, Adobe
WEDNESDAY: Bernanke speaks; weekly mortgage applications; CPI; crude inventories; Earnings from FedEx
THURSDAY: Weekly jobless claims; leading indicators; Philly Fed index; Earnings from Research In Motion
FRIDAY: Quadruple witching
___
Note the Tuesday -- Madoff: it is quite sickening to see that markets are hyping based on the similar kinds of activities which those will be revealed after massive millions of Americans are again fooled into.
Spending trillions debt is just the same as the Madoff swindle ponzi scam - just the same except the excuse is different stating that the spending is to stimulate economy. But we know that the spending is, in reality, a big swindle draining sheepsters' pocket to sustain the big Government spending -- specially during massive trade deficit and job exports.
It is hardly believable that so many are fooled into such scheme.
Great country is getting ruined by the greed ... with new drama.
TUESDAY: Housing starts; PPI; industrial production; Madoff sentencing; Earnings from Best Buy, Smithfield Foods, Adobe
WEDNESDAY: Bernanke speaks; weekly mortgage applications; CPI; crude inventories; Earnings from FedEx
THURSDAY: Weekly jobless claims; leading indicators; Philly Fed index; Earnings from Research In Motion
FRIDAY: Quadruple witching
___
Note the Tuesday -- Madoff: it is quite sickening to see that markets are hyping based on the similar kinds of activities which those will be revealed after massive millions of Americans are again fooled into.
Spending trillions debt is just the same as the Madoff swindle ponzi scam - just the same except the excuse is different stating that the spending is to stimulate economy. But we know that the spending is, in reality, a big swindle draining sheepsters' pocket to sustain the big Government spending -- specially during massive trade deficit and job exports.
It is hardly believable that so many are fooled into such scheme.
Great country is getting ruined by the greed ... with new drama.
Thursday, June 11, 2009
Markets are overbought
Markets pierced the intermediate resistances with extremely negative divergences then closed below the Rs.
HOD trading above R
$COMPX 1879.92
$INDU 8877.93
$INX 956.23
Closing below the DOW 8800 and SPX 950
$COMPX 1862.37
$INDU 8770.92
$INX 944.89
Market price actions are erratic, so it is better to stay away from market gyration except for day trading.
Markets are in distribution phase, so it would be irrational to chase markets at this level in overbought condition.
Market Insanity - - ignoring the reality resulted in national bankruptcies
Markets are going insane -- insanity does not interest me. For that matter for anyone. For that very reason, I never took recreational drugs.
May US Foreclosures 3rd Highest Month on Record
By: Reuters | 11 Jun 2009 | 04:15 AM ET
U.S. foreclosure activity for May ebbed from April's record, but mortgages still failed at a staggering pace as President Barack Obama's rescue programs had not had time to fully take root, RealtyTrac said on Thursday.
Foreclosure filings dipped 6 percent in the month but increased 18 percent from May 2008, marking the third highest month on record.
May US Foreclosures 3rd Highest Month on Record
By: Reuters | 11 Jun 2009 | 04:15 AM ET
U.S. foreclosure activity for May ebbed from April's record, but mortgages still failed at a staggering pace as President Barack Obama's rescue programs had not had time to fully take root, RealtyTrac said on Thursday.
Foreclosure filings dipped 6 percent in the month but increased 18 percent from May 2008, marking the third highest month on record.
Market Price Manipulation does not equate economic recovery
For this recession, market price manipulation, especially for US, does not equate economic recovery as many Americans are in financial trouble, and the Gov does not deal with one of real issues of Globalism which is continuing to deteriorate overall wealth of many Americans.
Better regulation and Exec salary caps & other regulatory measures help economy indirectly, however, we still have trade deficit issue and shipping jobs to oversea which is one of major cons for sustaining healthy economy.
http://www.cnbc.com/
* May US Foreclosures 3rd Highest Month on Record
Foreclosure activity for May ebbed from April's record, but mortgages still failed at a staggering pace, RealtyTrac said Thursday.
o Slideshow: Highest State Foreclosure Rates
o Who Owns Your Home Loan?
* ECB Fears Banking Crisis in 2010: Report
* Chinese Investment Surges, Adding to Recovery Hopes
o Pros Are Hoping for Stock Pullback
* Sub-Compact Fender Benders Can Total Your Wallet
* Hopes Rise for Latvian Intervention to Unfreeze Market
* After Taking Hummer, China Sets Sight on Volvo
* IEA Sees Start of Recovery in Oil Demand
* Emails Show Fed Pressure on BofA in Merrill Deal: GOP
* Overseer of Big Pay Is Seasoned Arbitrator
* Ex-Clients Sue Lehman Over Auction-Rate Securities
* Regulators Ready Laws for OTC Derivatives Crackdown
Better regulation and Exec salary caps & other regulatory measures help economy indirectly, however, we still have trade deficit issue and shipping jobs to oversea which is one of major cons for sustaining healthy economy.
http://www.cnbc.com/
* May US Foreclosures 3rd Highest Month on Record
Foreclosure activity for May ebbed from April's record, but mortgages still failed at a staggering pace, RealtyTrac said Thursday.
o Slideshow: Highest State Foreclosure Rates
o Who Owns Your Home Loan?
* ECB Fears Banking Crisis in 2010: Report
* Chinese Investment Surges, Adding to Recovery Hopes
o Pros Are Hoping for Stock Pullback
* Sub-Compact Fender Benders Can Total Your Wallet
* Hopes Rise for Latvian Intervention to Unfreeze Market
* After Taking Hummer, China Sets Sight on Volvo
* IEA Sees Start of Recovery in Oil Demand
* Emails Show Fed Pressure on BofA in Merrill Deal: GOP
* Overseer of Big Pay Is Seasoned Arbitrator
* Ex-Clients Sue Lehman Over Auction-Rate Securities
* Regulators Ready Laws for OTC Derivatives Crackdown
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