Monday, March 11, 2019

Die, Facebook, die!

So I guess Zero Hedge is fake news?  When the time comes, we will not mourn the death of Facebook.  Why do they deny their users access to objective financial news?



Bears should actually be encouraged by the rally today.  This looks like a five-wave move up from the Christmas lows.  Once we breach 2816, we'll keep heading up, seemingly on autopilot, on crappy low volume.

A couple of Hindenburg Omens this week and next would set up the next window perfectly.  By FOMC next week, the middle of the channel is right about at the 2872 area, where you would want to see a five -move impulse wrap up.

Did the Fed promise no hikes this year, none at all?  We are very close to inversion on the 13 week, 5 year, and 10 year bills.  Will watch the $IRX very closely over the next week.

SPX daily

The Fed can't cut until we reach the 1400 area on the S&P.

As soon as September?  That would allow for some excellent fall hiking in the Cascades.  Sign me up.

SPX daily to long-long term support

Until then, enjoy my dear uncle on the drums.  Happy Ides of March.

55 comments:

christiangustafson said...

Does Zuckerberg even believe in hell, Dave?

Randall Beehomes said...

A truly evil company. Lean out.

T.Berry said...

just updating your list prech----


Blogger Prechter said...

roxtrot's "master of time & price" top call on march 8, (s&p up over 2% since)

randall beehomes "doom begins tomorrow june 14" (s&p up over 7% since)

Mchugh's Jaws of death = Failed again

Dumbass Armstrong's Panic week = Failed again

Nenner's crash dates = Failed again

Kevin = Disappeared

CG = Silent

This Bull market refuses to Die!

Next week is make or break for the bears - otherwise to the moon Alice :)----bears are toast

March 2, 2019 at 3:56 PM

christiangustafson said...

Silent? We have fresh predictions daily, sir. And ambitious plans for more!

T.Berry said...

won't be long before the bears jump on the "new highs are coming" bandwagon.

lol


T.Berry said...

sorry cg---just copied / pasted prech's post.

Randall Beehomes said...

Dingle still here I see. Thought the gout had done him in but no.

christiangustafson said...

IHS looming on the S&P since last week, neckline ~2797, if confirmed targets 2872 area.

T.Berry said...
This comment has been removed by the author.
T.Berry said...

you bet randall beehomes. don't want to miss your next doom call. your last one netted my portfolio a 9% gain. keepem' comin' sport ---it won't be long till you're a "guru" LOL

rotrot said...

T.Berry...you are not credible..."roxtrot's "master of time & price" top call on march 8, (s&p up over 2% since)"...at no time did I link the 'master of time and price' to the March 8, 2019 date...below is what I wrote relative to that date:

__________________________________________________________
__________________________________________________________
rotrot said...

From: rotrot
To: TST
Sent: Saturday, October 27, 2018, 12:35:48 PM EDT
Subject: Friday, March 8, 2019...mark it on your calendar...

the bull market that began in 1974 has peaked...Friday, March 8, 2019 is a date you may want to mark on your calendar...

December 19, 2018 at 2:04 PM
https://tinyurl.com/yamvrjso
_______________________________________________

the email to my cohorts was dated October 27, 2018...the post on this blog was dated December 19, 2018...McHugh's next Phi Mate Turn Date is...you guessed it! now ask yourself if there are really cycles in the stock market...not Nenner's BS but real cycles!

February 11, 2019 at 2:32 PM
__________________________________________________________
__________________________________________________________

rotrot said...


"there has never been a better time to be in the us stock market" - T. Berry | September 21, 2018 at 1:25 PM

https://www.blogger.com/comment.g?blogID=547276048038789798&postID=8842891158519807656

S&P 500 all-time-high is 2940.91...attained on September 21, 2018!

christiangustafson said...

So can we tag new highs on this run, up at 2960?

Anonymous said...

"objective financial news" Objectivity is virtuously non-existent among the crude human herd. Most people value the truth, and most people hold certain things sacred. When the truth conflicts with sacred beliefs, the truth is promptly thrown under the bus.

T.Berry said...

i get all the gurus mixed up roxtrot!

so why the calendar marked march 8th 2019?

T.Berry said...
This comment has been removed by the author.
Anonymous said...

Are you guys buying the reason for grounding these planes? Maybe I need to adjust my tin foil hat.

T.Berry said...

s&p up almost 3% from the roxtrot march 8 peak. outstanding




rotrot said...


T.Berry...you are not credible...I never posted March 8 would be a peak...never!

rotrot said...

"there has never been a better time to be in the us stock market" - T. Berry | September 21, 2018 at 1:25 PM

https://www.blogger.com/comment.g?blogID=547276048038789798&postID=8842891158519807656

S&P 500 all-time-high is 2940.91...attained on September 21, 2018!

T.Berry said...

roxtrot, are you gonna want ice cream with your pie? tia

LOL


a few more peaks and you'll soon disappear like many others before you.

rotrot said...

"there has never been a better time to be in the us stock market" - T. Berry | September 21, 2018 at 1:25 PM

https://www.blogger.com/comment.g?blogID=547276048038789798&postID=8842891158519807656

S&P 500 all-time-high is 2940.91...attained on September 21, 2018!

Randall Beehomes said...

That says it all. Top tick Dingle.

T.Berry said...

lol. well well well, if it ain't mr doom caller lol. s&p up 9% since that sizzling call back in january.

if you go back 3-4 years in the archives, you'll see i've said that many times. you know exactly too randall. ; )

for someone without any stock market exposure you sure post a lot.


Randall Beehomes said...

I'm long pork bellies. And concentrated orange juice

Anonymous said...

"Die, Facebook, die!" Looks like you got your wish.

Anonymous said...

Randall and T. Berry, are you guys married?

Randall Beehomes said...

No no no. I'm saving myself for the right lady.

rotrot said...

CHRIS KIMBLE - KIMBLE CHARTING SOLUTIONS – FRI 8 MAR, 2019
https://tinyurl.com/y2p7glbv

Kevin said...

Yesterday's reversal looks like the top for this rally is in. Too early to tell if 2019 will go down as a miserable bear year, or end well for the ever-increasing bubble. Wake me up when we get to SP 2600 - then we'll know how the rest of the year will unfold. As the saying goes, the larger the bubble, the greater the destruction coming out the other side.

Anonymous said...

"Too early to tell if 2019 will go down as a miserable bear year, or end well for the ever-increasing bubble." It's not too early, it's the latter. I'm starting to think the real bust will be 2021.

Kevin said...

Hugh, all depends on whether what we have just witnessed is a bear market rally or the real thing. Too early to tell on that, and depends on whether the expected pullback going forward is corrective or something far more sinister. My bull/bear cycle indicator has not hit the zone where a bear market would be signaled to be ending, nor turned up to suggest a larger blow off rally has begun. Thus we remain in the no-man's-land of a major decision. Unfortunately, that decision has yet to be made, though selling into this rally is a pretty clear trading move for those looking to make adjustments based on risk versus reward.

christiangustafson said...

Was going to post this last night, maybe over teh weekend.

We're wedging here between two trendlines, shown here in pink. The top TL runs from the 666 lows through 1810 and beyond. This is the reflation rally since 2009. We are trying to recapture it but so far have failed.

The lower pink line represents the channel up from the Christmas lows; you may draw it differently. This is the market turning back from a real crash, for now.

So which TL will break, and what are the next target(s) beyond? My two lines converge around the start of April. Most likely, the market is waiting for a final status on the trade war question.

T.Berry said...
This comment has been removed by the author.
T.Berry said...

zero doubt we'll see new highs. with the mkts just a mere 3% below all time highs, it's just a matter of when. q1 earnings should provide the juice as the fundamentals continue to strengthen along with the economy. we're enjoying the largest economic expansion in the history of our great nation!

we're just in the 11th year of the greatest secular bull market in history and seculars can last up to 20 years.

Randall Beehomes said...

So TRUE! ORCL for example. Almost back to its all time high after just 20 years! Buy and hold baybee

christiangustafson said...

Let's see how popular and supported is the ORCL Cloud, compared to its rivals.

Scroll down to 'modules by provider'.

quod erat demonstrandum

T.Berry said...

From: rotrot
To: TST
Sent: Saturday, October 27, 2018, 12:35:48 PM EDT
Subject: Friday, March 8, 2019...mark it on your calendar...

the bull market that began in 1974 has peaked...Friday, March 8, 2019 is a date you may want to mark on your calendar...

December 19, 2018 at 2:04 PM






s&p up 3.2% since the roxtrot peak.




CRICKETS. LOL

T.Berry said...
This comment has been removed by the author.
rotrot said...

T.Berry...you are not credible...I never posted March 8 would be a peak...never!

rotrot said...

"there has never been a better time to be in the us stock market" - T. Berry | September 21, 2018 at 1:25 PM

https://www.blogger.com/comment.g?blogID=547276048038789798&postID=8842891158519807656

S&P 500 all-time-high is 2940.91...attained on September 21, 2018!

________________________________________________________________________________________________

"zero doubt we'll see new highs. with the mkts just a mere 3% below all time highs" - T,Berry | March 15, 2019


March 15, 2019 at 9:47 AM

T.Berry said...

Blogger rotrot said...
"We will need some serious deterioration in breadth to get back down to 2350"

it's occurring...it doesn't happen all in one day...

March 9, 2019 at 10:59 AM



it's occurring LOL ---s&p up 3.2% since that brilliant observation.

rotrot said...

BPSPX (S&P 500 Bullish Percent Index)

03/04/2019 - 73.80
03/15/2019 - 68.80

negative divergence on BPSPX...deterioration in breadth is occurring...it doesn't happen all in one day...

rotrot said...

"zero doubt we'll see new highs. with the mkts just a mere 3% below all time highs" - T,Berry | March 15, 2019 at 9:47 AM

rotrot said...

SPXA50 (S&P 500 Stocks Above 50 Day Moving Average)

03/15/2019 -6.00 (-1.47%)

deterioration in breadth is occurring...it doesn't happen all in one day...

rotrot said...

"zero doubt we'll see new highs. with the mkts just a mere 3% below all time highs"
~ T.Berry | March 15, 2019 at 9:47 AM

Anonymous said...

Judging by these predictions, I wouldn't let either of you manage my money.

rotrot said...

"I'm starting to think the real bust will be 2021" ~ Hugh Jazole | March 14, 2019 at 7:57 AM

Anonymous said...

"I'm starting to think the real bust will be 2021" And? It isn't 2021, so you have no idea if that prediction is accurate. Both you and Berry up there have been wrong more times than either of you can count. Why don't you go back and take a look at the comments from 2017?

christiangustafson said...

We gapped over resistance this morning, the trendline up from the 666 lows.

Finish up the big megaphone with a touch near 3K into EOQ2?

Then we get a hard Brexit! That is the deadline.

christiangustafson said...

Easy, lads. The Fed will be dovish in preparation for the chaos from the Brexit deadline next week.

Extension? Why? They have had 3 years. Time to go.

Randall Beehomes said...

3k coming BAYBEE! Lets do this.

john said...

3k is coming in gold or shitcoin

Unknown said...

Pretty pathetic the SP500 and DOW both closed decent down on a day where the Federal Reserve throws multiple life rafts. Gold moving nicely though. I guess that's the price to pay for a stock permabull, those nominal gains are at the expense of more inflation thus cancelling out any actual gains in real wealth.

DOW 30,000.... all at the cost of a gallon of gasoline or milk going to $8/gallon.

Anonymous said...

Are we still tracking the 1937 pattern?