11/16/2013 Weekend Update

[gappy]

...Next year legislation will have the Fed backstopping this fraud at the expense of the taxpaying people. ..

sb.PNG

What is the legislation Gappy?
I don't really understand the shadow bank assets could you give us an example of on of these "investments" and how the Fed will back it?
Thanks in advance

Back from work, check this from zero hedge and I will look for where I read about the new law. http://www.zerohedge.com/news/2013-11-1 ... d-infinity .... http://www.zerohedge.com/news/2013-11-1 ... tral-banks ...The IMF... http://www.financialstabilityboard.org/ ... 131114.pdf and Wiki .... http://en.wikipedia.org/wiki/Derivative_(finance)

[user13]

Time is running out...

[KeiZai]

Nice charts Keizai, it's nice to know I am on the same side with the cool guys.

My take on XLF is that it is breaking out with many of the major indexes. see short term top channel as a possible high target, 21 and 20.5 will be a key support in the week to come.

The attachment 1.PNG is no longer available

The attachment 2.PNG is no longer available

Thanks BB lets show to da bulls who is da boss here https://i.chzbgr.com/maxW500/5955966208/h6758443B/ (shorting the bull market are we crazy? )

Agree with the XLF looks bullish to me at least in ST. The breakout could be from the messy asc.triangle but is not confirmed in the RSI (yet)...BUT...looking at the biggest weights in XLF (WFC,BRK.B,JPM,BAC) I favour continuation

BAC: triangle breakout, very likely in strong wave3(ST) atm

Wells Frago is even more interesting (decline was overlapping correction ABC = likely bull flag)

JPM: is another one scary chart for bears in the very big picture, 50 is very strong weekly support while is above short-term picture remains bullish with MMs higher

BRK: same here another triangle

BRK Monthly for fun ABC or big wave 3, hard to find something bearish there

EDIT: BB your reading on SPX/VIX ratio?
I know nothing bearish there (yet) but closing outside of BB and potential topping candle is not bad for the beginning, I see better R/R for short than longs atm

[Mr. BachNut]

The Dow is approaching a very interesting place technically.

At 16,120 - 16,200 it hits the top edges of a mega-monthly inverted triangle/megaphone (purple) and multi-month ascending wedge going back to 2011 (turquoise).
While it is well within the bounds of its rising trend channel (red), the three rising bottoms trend lines (red, turquoise, maroon) from the March 2009 low have been getting progressively steeper (i.e. parabolic).
I am inclined to look for a possible change in market character as the Dow runs into the upper limits of this chart neighborhood.
While the charts for the other indexes vary, the Dow is often looked to for leadership. So, a change in the Dow could matter.

Perhaps some kind of top is put in or perhaps just a pause in a parabolic rise, but chartwise it is a good place for something to happen.
Certainly there will be a few Elliott Wavers looking for an excuse to place a big fat "D" label right about there.

[TWT]

$EURUSD: Follow up of the s/t count

[fehro]

Time is running out...

As of mid last week.
1. From the March 2009 lows to the July 2011 highs to the highs of this week, the number of calendar days is exactly equal at 853 days between each date. Two exactly equal time periods. I've never heard of a 2-1/3 year cycle, but the next fact is perhaps more interesting.
2. The total time from the March 2009 lows to the highs of this week is 1706 days (2 x 853, right?). Following the stock market crash of 1929 to 1932, the rally from the July 1932 bottom to the March 1937 top was 1706 days. 
Go figure. Info courtesy Peter Eliades. If you're wondering, the market declined 50% from that top in March 1937.

[quientuves]

I think this is an interesting point...

[BullBear52x]

Nice charts Keizai, it's nice to know I am on the same side with the cool guys.

My take on XLF is that it is breaking out with many of the major indexes. see short term top channel as a possible high target, 21 and 20.5 will be a key support in the week to come.

The attachment 1.PNG is no longer available

The attachment 2.PNG is no longer available

EDIT: BB your reading on SPX/VIX ratio?
I know nothing bearish there (yet) but closing outside of BB and potential topping candle is not bad for the beginning, I see better R/R for short than longs atm

The attachment SPX-VIX1.png is no longer available

On VIX ratio I would want to see histogram to drop below zero to call it bear.

[uempel]

I think this is an interesting point...

I don't quite understand what you are alluding to. Do you mean this:

[Out of Bounds]

http://www.businessweek.com/articles/20 ... bout-money

[DellGriffith]

Bitcoins have almost doubled in value in the last two weeks alone. I keep watching it post new all time highs today.

http://bitcoinity.org/markets

Bitcoins were down around $300 a couple weeks ago. Now its pushing $600. The vertical climb continues.