Thursday, January 25, 2018

It's do-or-die time for the 3K parabola

Have the last two days of sideways tape built up enough tension to launch us north into the January FOMC meeting?  We will need to put in a blistering 140 pts in 4 sessions to hit the 3,000 target, a truly vertical move.

SPX parabola

This is how it ends?

Tuesday, January 23, 2018

From 3000 back to 1000 on the S&P 500, with all inflection points FOMC meetings

And then one day the clouds disperse and the one true path makes perfect sense.

SPX big turns on Fed meetings

If this chart plays out, I get to spend all summer climbing in the Cascades. 

Monday, January 22, 2018

Insane parabolic finish? 2990 on the S&P next week?

Mrs. Northy put her finger on what seemed too terrible to be true.  We could be at 2990 SPX in 5 trading sessions.  It's set to go even more insanely vertical.

S&P 500 parabola!

Will the 10Y Treasury yield also go straight up?  Serious resistance is up at 3.5% -- rates we cannot afford as a broke, debtor nation.  Equities must be sacrificed to Moloch.

10Y Treasury yield, log scale

The good news is that this can have a happy ending.  After cresting at 2990, we can be back at the 1000 level on the S&P 500 by Christmas.

S&P 500 bounce off Brexit lows, retest, crash

Sunday, January 7, 2018

Again we look for the reversal

SPX way above its daily and weekly Bollingers, RSIs out in space, people looking foolish talking about "recovery" and "growth" and inane obvious scams like "crypto-currency".  At this point we're just looking for the high-volume reversal that cements the top.

10Y Treasury yield looks like it's about to break out over a trendline since 1987.  Bicycle sent a link on a possible bond/equity disaster.  And why shouldn't bonds roach and yields break out?  No one in Washington even bothers pretending to be fiscally sensible.

10Y according to Yahoo!

10Y according to

A .gov shutdown is lurking again, and it threatens to blow out yields, leaving the Fed helpless to watch events play out.  For equities, it's a matter of how soon we retrace to support at 1810.

SPX 2018 crisis