Thursday, October 27, 2016

Failing? Rolling over?

A bad GDP print in the morning could gap us down below 2100 on the S&P.  This will be our first peek at the Q3 number.

/ES futures daily
R2K futures daily

AMZN got shanked in the AH session today on poor earnings.  Maybe they have hired just too many expensive people there, jacking up the median Seattle downtown 1-BR rent to $2,350/mo lately.

Tuesday, October 25, 2016

If we can't break out, we may fail hard at the 50 DMA

There is a very plausible count for this, and I believe it would sync with a smoking-gun release from Julian Assange's Wikileaks organization over the weekend.

The release would disqualify Hillary from higher office and usher in Donald Trump to White House.

The markets will not take this well.

And then the Fed will pile on in December with a 50 bps Christmas present to welcome the Donald to Washington, D.C.

SPX 1Y daily big-picture view
SPX 30D view of the proposed E-D failed 5th

Sunday, October 23, 2016

Time to break out of this eternal sideways

We have a New Moon next weekend.  If we're going to put up new highs before Election Day, now would be the time to do it.  We made the .382 retrace for W4 at 2114 SPX, and have drawn a plausible A and B of W5 since then.  A spicy enough C wave could easily make our target this week.

Let the craven MSM declare Hillary up by 20 points with their faked and flawed polls, and Wall Street can follow-through for them.  I still believe that that awful harpy will fall before Election Day, either by her own failing health or a checkmate from the brave and formidable Julian Assange.

Good luck to all ...

SPX 30d

Thursday, October 13, 2016

Wikileaks plan for Hillary

This is so specific that we should know soon enough if it is authentic.

Good show, Mr. Assange!  Very well done, sir!

Wikileaks goodness

Tuesday, October 11, 2016

Let's finish the big E-D into the last debate

Wall Street isn't going to abandon Hillary here, they're going all the way.  Never mind that Trump is going to accuse her of High Treason in the debate next week ... and she might not make it through the evening.

We still have a 5th wave up left in this tragedy, and then we can blow it all up.  Fed hikes in December and at the end of January, 2017.