tag:blogger.com,1999:blog-547276048038789798.post3249790035534569341..comments2024-02-26T10:14:10.039-08:00Comments on Deflation Land: Little C or Big C?christiangustafsonhttp://www.blogger.com/profile/07216348353801614419noreply@blogger.comBlogger18125tag:blogger.com,1999:blog-547276048038789798.post-26028519767946880352017-05-21T10:49:17.003-07:002017-05-21T10:49:17.003-07:00Doomie. The foreigns might just outperform. Doomie. The foreigns might just outperform. Bryan Francohttps://www.blogger.com/profile/13490480303778800074noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-54923570304551581682017-05-20T19:39:13.368-07:002017-05-20T19:39:13.368-07:00CG 'We could still head down to test the 2280 ...CG 'We could still head down to test the 2280 level next week, and if we violate it, dang, that's a game-changer.'<br /><br />2260s would merit alarm bells.<br /><br />Price structure in other world markets though still argues for broad upside into spring 2018.<br /><br />As ever... one day at a time.Trading Sunsethttps://www.blogger.com/profile/13291647197167518399noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-23795338562070958082017-05-19T08:01:02.743-07:002017-05-19T08:01:02.743-07:00Latest AII survey, only 24% bullish.
"Optim...Latest AII survey, only 24% bullish. <br /><br />"Optimism about the short-term direction of stock prices fell to a new 2017 low, while neutral sentiment is at a new high for the year. At current levels, bullish sentiment is unusually low and neutral sentiment is unusually high." Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-90022986053217807552017-05-18T13:06:26.591-07:002017-05-18T13:06:26.591-07:00You've got a fine candidate for mayor here CG....You've got a fine candidate for mayor here CG.<br /><br />http://www.seattletimes.com/seattle-news/politics/seattle-councilmember-kshama-sawants-party-endorses-nikkita-oliver-for-mayor/<br /><br /> Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-46153050866957196242017-05-18T08:27:28.718-07:002017-05-18T08:27:28.718-07:00the clearest EW pattern in XLF and IAI (financials...the clearest EW pattern in XLF and IAI (financials and brokers,) both you have a 5 wave decline from a major rally peak, making it look like the Matterhorn peak. Thus 5 down most likely a Wave 1, and not a C. Since then, we've had a partial rally, and yesterday's sell-off, which looks like complete A and B of a wave 2 A-B-C. If so, we still have a larger partial recovery rally to go in wave C to complete Wave 2. That should be enough to push the SP, Dow, and NAZ to new highs. Then financials and brokers will be in Wave 3 bear crash position. But rally first...Kevinhttps://www.blogger.com/profile/04698279995158493856noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-77423039267702251102017-05-18T08:21:31.947-07:002017-05-18T08:21:31.947-07:00...that I track, at least...that I track, at leastBryan Francohttps://www.blogger.com/profile/13490480303778800074noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-66541173399949982017-05-18T08:21:04.241-07:002017-05-18T08:21:04.241-07:00CG. I think RSI and others give a complete top pos...CG. I think RSI and others give a complete top possibility. The only one that doesn't is "no negative VIX div"Bryan Francohttps://www.blogger.com/profile/13490480303778800074noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-18753013401565941002017-05-18T08:18:20.145-07:002017-05-18T08:18:20.145-07:00Will that household debt force the Feds hand? Will that household debt force the Feds hand? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-51690314448878230002017-05-18T08:15:08.345-07:002017-05-18T08:15:08.345-07:00People never learn. Can't say I'm surprise...People never learn. Can't say I'm surprised though. <br /><br />http://www.barrons.com/articles/household-debt-climbs-in-q1-finally-surpasses-2008-peak-1495040112<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-59383846397903183292017-05-18T08:08:34.067-07:002017-05-18T08:08:34.067-07:00Bicycle --
I'll try to sketch out the altern...Bicycle -- <br /><br />I'll try to sketch out the alternatives and critical areas of support tonight. For now I am glad that the SPY puts I dumped this morning will likely be zeroes tomorrow. That always feels good, like dodging rifle bullets with Churchill.<br /><br />That surge in VIX was telling us something. The bounce into opex tomorrow may be a W2 retrace, making it very dangerous. We could still head down to test the 2280 level next week, and if we violate it, dang, that's a game-changer.<br /><br />We have enough waves for 2405 to be a surprise final high. And yet you could read the RSIs to argue that one more remains.christiangustafsonhttps://www.blogger.com/profile/07216348353801614419noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-873274646470970752017-05-18T06:46:09.376-07:002017-05-18T06:46:09.376-07:005 wave complete yesterday looks like a wave C to m...5 wave complete yesterday looks like a wave C to me, following an A-B double top. Thus corrective. New highs next week.Kevinhttps://www.blogger.com/profile/04698279995158493856noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-47529372234332059422017-05-18T06:38:27.270-07:002017-05-18T06:38:27.270-07:005-wave impulse from 2405 looks complete -- bounce ...5-wave impulse from 2405 looks complete -- bounce into opex. <br /><br />christiangustafsonhttps://www.blogger.com/profile/07216348353801614419noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-33709011122015348632017-05-18T05:47:02.389-07:002017-05-18T05:47:02.389-07:00Why not the Little C scenario? That looks like a g...Why not the Little C scenario? That looks like a great call here. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-33024138948185790652017-05-17T22:07:58.950-07:002017-05-17T22:07:58.950-07:00Third scenario: 2405 was it, and now we're loo...Third scenario: 2405 was it, and now we're looking for channel kissbacks and market ruin.<br /><br />The Fed cutting rates in June is not off the table just yet.christiangustafsonhttps://www.blogger.com/profile/07216348353801614419noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-48393302172163259152017-05-17T12:53:22.687-07:002017-05-17T12:53:22.687-07:00"The whole aim of practical politics is to ke..."The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."<br /><br />H. L. Mencken<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-20940408206585706452017-05-17T11:04:38.036-07:002017-05-17T11:04:38.036-07:00Automation and increasing lifespans are two immeas...Automation and increasing lifespans are two immeasurably large deflationary forces that the Fed must always fear in the back of their minds.Bryan Francohttps://www.blogger.com/profile/13490480303778800074noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-17287889391137398272017-05-17T11:00:45.700-07:002017-05-17T11:00:45.700-07:00Is the drama just created to justify no hikes beca...Is the drama just created to justify no hikes because the Fed is still scared (as they should be)?Bryan Francohttps://www.blogger.com/profile/13490480303778800074noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-88850189509592219292017-05-17T06:39:42.139-07:002017-05-17T06:39:42.139-07:00Oh, I forgot to mention, Marine Le Pen did NOT win...Oh, I forgot to mention, Marine Le Pen did NOT win the election in France, so the modern financial world has not imploded just yet. Just thought you should know.christiangustafsonhttps://www.blogger.com/profile/07216348353801614419noreply@blogger.com