SBUX finally got whacked along with NKE, the two retail stocks that were probably holding up RTH while XRT diverged badly. Hotel stocks have been getting whacked as well…..HOT,WYN, MAR, HLT etc.
It looks like the celebrated Leo,Tebow, will be making the Eagles. All of this after spending a year out of football, helping launch the SEC network last year on his birthday.
We are in some serious South Sea Bubble cycle territory now. 295 years from the SS Bubble top. I don’t have the exact dates but the high occurred in August 1720, with denouement occurring in September. There was a great conjuction of planets on September 9,10. That could have launched the waterfall portion of denouement. Only the operators/ gnomes of Zurich have the exact dates.
We are also on the 25 year cycle to 1990 which saw a high in late July with a low in September. They might have delayed the 25 year cycle by three years to better align it with the 1990 pattern although it will probably take on a fiercer form. A lot of parallels to 1990 right now, a real estate bubble high/bursting….Japanese buying up US real estate/ trophy properties in New York…..Now a real estate bubble with the Chinese buying up US real estate/ trophy properties in New York…..real estate developers building luxury apartment buildings everywhere now and commanding “luxury level rents” even though many of the properties remain minimally occupied.
Transports peaked out the previous fall in 1989 while the market made an overall peak in July 1990. Transports/ utilities peaking in early 2015.
Some serious turmoil occurring beneath the surface while they hold up the pillars of the market, AMZN, GOOG, NFLX to give the appearance of calm. It’s no longer the four horsemen on the NDX since Apple has now succumbed and dropped below its 200 day average. Media stocks were whacked this week including former stalwart DIS as the “bull market” model of constantly rasising prices on consumers to pad earnings is coming apart at the seams as consumers are abandoning cable tv.
IBB had a 4% hit on Thursday, new lows are creeping up again to 52 week high levels, a certain little component Nasdaq version is dropping to new lows while the NYSE version is waiting to break through its low from a few weeks ago.
We had the Bozocare bubble top a few weeks ago as mega insurance companies combined so that they can jack up premiums even higher now that they have their law firmly entrenched and have a new captive audience/ market at their mercy. Just tells me how badly things will be falling apart in the future in maybe a South Sea Bubble style denouement as consumers finally revolt against the mandates imposed by the corporate oligopoly.
VIX in the low 12. I will go long SnP when I see the VIX at 20
Last Friday’s forecast playing out today nicely: http://screencast.com/t/2Prf7DrPa
SBUX finally got whacked along with NKE, the two retail stocks that were probably holding up RTH while XRT diverged badly. Hotel stocks have been getting whacked as well…..HOT,WYN, MAR, HLT etc.
It looks like the celebrated Leo,Tebow, will be making the Eagles. All of this after spending a year out of football, helping launch the SEC network last year on his birthday.
We are in some serious South Sea Bubble cycle territory now. 295 years from the SS Bubble top. I don’t have the exact dates but the high occurred in August 1720, with denouement occurring in September. There was a great conjuction of planets on September 9,10. That could have launched the waterfall portion of denouement. Only the operators/ gnomes of Zurich have the exact dates.
We are also on the 25 year cycle to 1990 which saw a high in late July with a low in September. They might have delayed the 25 year cycle by three years to better align it with the 1990 pattern although it will probably take on a fiercer form. A lot of parallels to 1990 right now, a real estate bubble high/bursting….Japanese buying up US real estate/ trophy properties in New York…..Now a real estate bubble with the Chinese buying up US real estate/ trophy properties in New York…..real estate developers building luxury apartment buildings everywhere now and commanding “luxury level rents” even though many of the properties remain minimally occupied.
Transports peaked out the previous fall in 1989 while the market made an overall peak in July 1990. Transports/ utilities peaking in early 2015.
Some serious turmoil occurring beneath the surface while they hold up the pillars of the market, AMZN, GOOG, NFLX to give the appearance of calm. It’s no longer the four horsemen on the NDX since Apple has now succumbed and dropped below its 200 day average. Media stocks were whacked this week including former stalwart DIS as the “bull market” model of constantly rasising prices on consumers to pad earnings is coming apart at the seams as consumers are abandoning cable tv.
IBB had a 4% hit on Thursday, new lows are creeping up again to 52 week high levels, a certain little component Nasdaq version is dropping to new lows while the NYSE version is waiting to break through its low from a few weeks ago.
We had the Bozocare bubble top a few weeks ago as mega insurance companies combined so that they can jack up premiums even higher now that they have their law firmly entrenched and have a new captive audience/ market at their mercy. Just tells me how badly things will be falling apart in the future in maybe a South Sea Bubble style denouement as consumers finally revolt against the mandates imposed by the corporate oligopoly.
Possible MA pattern forming: http://screencast.com/t/2Prf7DrPa
If we don’t save that level, then yes… we should tank.
I beg to differ with you. Monday thru wed hitting 1995 sp futures
Some how before the day is over with I expect them to save the rising trendline of support on the weekly chart around 2080 SPX area. http://stockcharts.com/public/1092905/chartbook/312846787