USD Top?!
USO UNG Pair
GE BAC pair
8/28/09
Flat - Look at the OBV breakout all time highs, last time? Aug 2008...oppps! Others below USD top ect
USD Top?!
USO UNG Pair
GE BAC pair
China overnight down 3% testing 1st 21% drop.
2860 last night (not on this chart) 3500 to 2750 and bounce to 3000, now 2860. THey bottomed before we did, are they topping before we do? China is oversold and if it holds here and powers up, it would get us some fresh wind. New lows below 2750 however, would be something different. Important to note China to 3500 = a 115% rally off of 1625 lows. Also the bounce to 3500 represents a 38% retrace of the crash from 6200 to 1625. (FXI FXP) 
8/27/09
Another flat day... (AIG ABK C crazy up). Many of the charts I see have RSI non conf with prices at rally highs.
Somethings got to give, may be spike and reverse to test 200 EMA at 950? Market looks like it wants 1150 on the SPX eventually.
If you think you missed all the fun off the "bottom", don't fret
If you trade indexes this monthly chart gives some perspective on how bull markets track using the 10 40, 13 34 Weekly EMA's. we have yet to see the 10 13 cross the 34 40 or the MACD cross with confidence (it has, as circled, crossed for August (Monday is the last print so check it).
In fact the 34 40 don't look at all vectored to do a cross with the 10 13 pair anytime soon and could possibly turn down if we have a correction soon.
Anyway, something to keep your hopes up and chew on over the weekend. These may not cross and could turn down in which case this rally could be near an end.
PS shorter term EMA crosses have obviously occurred, the 4 wk EMA crossed the 10 wk ema for the 1st and the 10 wk 40 week crossed 2 weeks ago as I pointed out then. T
In fact the 34 40 don't look at all vectored to do a cross with the 10 13 pair anytime soon and could possibly turn down if we have a correction soon.
Anyway, something to keep your hopes up and chew on over the weekend. These may not cross and could turn down in which case this rally could be near an end.
PS shorter term EMA crosses have obviously occurred, the 4 wk EMA crossed the 10 wk ema for the 1st and the 10 wk 40 week crossed 2 weeks ago as I pointed out then. T
SPX off 1%, USO energy weakest, watching USO KOL pair with UNG for trend change...USO /UNG reversed hard already
SPX filled gap from the 21st this morning, still in pattern but the daily has RSI div as a red flag
8/26/09
Hudson: The Financial Parasites Have Killed the American Economy, and They Are Sucking as Much Money Out as They Can Before Jumping Ship
Michael Hudson is a highly-regarded economist. He is a Distinguished Research Professor at the University of Missouri, Kansas City, who has advised the U.S., Canadian, Mexican and Latvian governments as well as the United Nations Institute for Training and Research. He is a former Wall Street economist at Chase Manhattan Bank who also helped establish the world’s first sovereign debt fund.
Hudson has frequently described Wall Street as "parasitic". For example, in a 2003 interview, Hudson said:
The problem with parasites is not merely that they siphon off the food and nourishment of their host, crippling its reproductive power, but that they take over the host's brain as well. The parasite tricks the host into thinking that it is feeding itself.
Something like this is happening today as the financial sector is devouring the industrial sector. Finance capital pretends that its growth is that of industrial capital formation. That is why the financial bubble is called "wealth creation," as if it were what progressive economic reformers envisioned a century ago. They condemned rent and monopoly profit, but never dreamed that the financiers would end up devouring landlord and industrialist alike. Emperors of Finance have trumped Barons of Property and Captains of Industry.
More recently, Hudson said:
You can think of the financial sector as being wrapped around the real economy, almost like a parasite, and that's why it's been called parasitic for so long. The financial sector extracts interest from the economy, the property sector extracts economic rent, as do monopolies. Now the key thing about parasites, is that it's not simply that they extract nourishment from the host. The parasite takes over the
host's brain, to make it think it's part of the economy, to make it think
it's part of the host's own body, and, in fact, that's it almost like a child of the host, to be protected. And that's what the financial sector has done today.
You have Obama coming out and saying, "We have to save the banks in order to save the real economy". The fact is, you can't serve both the parasite and the host.
And see this.
Today, I heard a talk in which Hudson went even further. Specifically, he said:
The giant financial institutions have already killed their host - the real American economy
Since they realize that the American economy is dead, they are trying to suck as much blood out of America as possible while the corpse is still warm
Because the American economy is dead, their plan is to soon jump to another host. They will ship all of their money overseas
Michael Hudson is a highly-regarded economist. He is a Distinguished Research Professor at the University of Missouri, Kansas City, who has advised the U.S., Canadian, Mexican and Latvian governments as well as the United Nations Institute for Training and Research. He is a former Wall Street economist at Chase Manhattan Bank who also helped establish the world’s first sovereign debt fund.
Hudson has frequently described Wall Street as "parasitic". For example, in a 2003 interview, Hudson said:
The problem with parasites is not merely that they siphon off the food and nourishment of their host, crippling its reproductive power, but that they take over the host's brain as well. The parasite tricks the host into thinking that it is feeding itself.
Something like this is happening today as the financial sector is devouring the industrial sector. Finance capital pretends that its growth is that of industrial capital formation. That is why the financial bubble is called "wealth creation," as if it were what progressive economic reformers envisioned a century ago. They condemned rent and monopoly profit, but never dreamed that the financiers would end up devouring landlord and industrialist alike. Emperors of Finance have trumped Barons of Property and Captains of Industry.
More recently, Hudson said:
You can think of the financial sector as being wrapped around the real economy, almost like a parasite, and that's why it's been called parasitic for so long. The financial sector extracts interest from the economy, the property sector extracts economic rent, as do monopolies. Now the key thing about parasites, is that it's not simply that they extract nourishment from the host. The parasite takes over the
host's brain, to make it think it's part of the economy, to make it think
it's part of the host's own body, and, in fact, that's it almost like a child of the host, to be protected. And that's what the financial sector has done today.
You have Obama coming out and saying, "We have to save the banks in order to save the real economy". The fact is, you can't serve both the parasite and the host.
And see this.
Today, I heard a talk in which Hudson went even further. Specifically, he said:
The giant financial institutions have already killed their host - the real American economy
Since they realize that the American economy is dead, they are trying to suck as much blood out of America as possible while the corpse is still warm
Because the American economy is dead, their plan is to soon jump to another host. They will ship all of their money overseas
FDIC seeks comment on bank accounting change
This is such a load of crap, like they will ever do this in this or the next decade. Fire the FDIC and throw'em in jail.More
Flat day.... coiled and ready, which way, I have no clue. SPX monthly looking PAROBOLIC (below)
20 Yr TBond looks to set up right shoulder, or breakout on bad news...watch
8/25/09
8/24/09
51.68% In 165 Days (Bespoke)
The S&P 500 is now up 51.68% in the 165 calendar days since its March 9th closing low. Below we highlight all "official" bull markets for the S&P 500 since 1927 (a rally of at least 20% that was preceded by a decline of at least 20% is considered a bull market). Many bears believe the recent gains are just a rally within a longer-term downtrend. But the argument that we'll eventually head lower than the March lows is becoming a harder and harder sell. One argument the bears use is that we saw a number of similar bear market rallies that were this extreme during the overall 86% decline that the market saw from September 1929 to June 1932. However, as shown in the table below, the current rally is now bigger and longer than any of the rallies seen during the 1929 to 1932 crash. The biggest rally during the '29 to '32 period was 46.77% over 148 days. The current rally is up 51.68% over 165 calendar days. More
(ME) I don't know why everyone is overlooking the 73% move in 1982
(ME) I don't know why everyone is overlooking the 73% move in 1982
The last secular bear market in stocks during the period from 1966 to 1982.
That gives the nearly 50 percent rally since March a whole new perspective, particularly given the fact that we are only nine years into a cycle that typically runs much longer. More
Some parallels to the 1972 peak are cited in the analysis, but a repeat of the 1975 peak would surely disappoint recent stock buyers as well.
Some parallels to the 1972 peak are cited in the analysis, but a repeat of the 1975 peak would surely disappoint recent stock buyers as well.
8/23/09
NATGAS futures at multiyear uptrend line, UNG steep wedge. This is getting very interesting
Charts Posted below some where
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