Thursday, November 17, 2016

Charts 11-17

We need a big Friday to make our topping target -- 2236 SPX -- by next Tuesday or early Wednesday.
Czech lives matter!

Wednesday's Durables number announces the next recession.

SPX 20D
"We Are the People"

24 comments:

Christian Gustafson said...

Take a quick moment to see how this post renders over on our man in the London, Permabear Doomster's page.

The Czech √úbermensch eye-candy is posted here for Doomie's sake

Hugh Jazole said...

Uberwench.

Hugh Jazole said...

Dollar bulldozing everything in site.

Christian Gustafson said...

Bull flag on USD weekly?

Bryan Franco said...

USD should be a very good long term play. Praying for a short term pullback with resumption northward to collect my bearings.

Hugh Jazole said...

LOL.

https://twitter.com/SmellsBadInHere/status/799653184016941057

Hugh Jazole said...

"Fellow Traveler" AKA Commie RAT!

http://www.investing.com/news/stock-market-news/wall-street-keen-for-a-fellow-traveler-at-treasury-442452

Permabear Doomster said...

Ahh...

Making America Great Again. One photoshoot at a time.

Bullish Ivanka.

Christian Gustafson said...

She's gorgeous -- and, don't forget, a half-caste Czech.

I myself have hybridized with Norwegian stock with excellent results. This deserves further study.

That trendline overhead is something else. It's at 2197 at Tuesday close, which might be all we get here if there is a Durables shocker Wednesday morning.

frank said...

Long top calls.

rd said...

Interesting read

https://www.scribd.com/document/331339791/EDLiq#download&from_embed


Originally I read a link here to Jeffrey P. Snider blog post at Alhambra Investment Partners site, the Eurodollar is something not written much about but I think it is what might bring the markets down.

T.Berry said...

less than 1% from new 2,200 & 19,000 milestones. possibly we take both out this week....good chance holiday sales numbers start reflecting all time records.

T.Berry said...

s&P now (once again) at levels never seen before .right along with the dji & nas. lots of air above and about to go much higher. funny how the majority of analysts have been saying since the beginning of '16 to sell stocks. lesson here is don't follow the herd . :)

Bryan Franco said...

S&P Decembers going back to 1950. Average return about 1.6%. Median return about 1.4%. This is about twice the return of all months. If the big crash were to happen this year, it looks like seasonality factors would prefer November. Yikes.

Hugh Jazole said...

Here's the death knell.

http://www.bloomberg.com/news/articles/2016-11-21/deutsche-bank-trump-could-push-the-u-s-economy-and-stock-markets-to-new-records

Hugh Jazole said...

UGA up over 5% today, that won't last long. Either gas goes down, or the market goes down. Take your pick.

Bryan Franco said...

...and holiday shortened weeks are historically bullish. So. The crash pretty much "needs" to happen next Monday, Tuesday, and Wednesday if it is going to happen at all.

Hugh Jazole said...

Can any of you bright fellows explain something to me? How is Trump considered the next "Hitler" by so many people, when his daughter practices Modern Orthodox Judaism?

Hugh Jazole said...

November 12th post, right on target!!

Christian Gustafson said...

Is that it? 2 weeks of post-election honeymoon?

If so, next stop will be a bounce at SPX 1991, to set up a vicious head-and-shoulders.

Today is a Bradley turn date based on my read of Manfred Zimmel's work.

T.Berry said...

is that it? up over 700 dji points since 11/8. yikes considering the market was gonna crash on a don win i'd say it has had a nice run. dji now less than 5% from big 20k.

hey hugh, you better get on this side soon----between a possible fed rate hike and santa, the next leg up could be hughe! : )

T.Berry said...

dji 20k by memorial day (or much sooner)either way get your hats ready : )

T.Berry said...

rut ath and up "just" 11% since the don lol. rut good indicator of strength of us economy---small business is robust

Hugh Jazole said...

Friday shaping up to be a screamer. How high will it go?