NASDAQ100 Hourly -

[Create Your Own Opinion – Technical Indicators Used – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Cycle Brackets, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

Markets get ramped at the open.  The rest of the day, the markets are pinned up by the Fed's strong bid in the face of any selling and up we go.  It lasted about 8 days last go around.  No "earnings confessional's" today other than Goldman saying they will miss, but because GS is complicit in bidding markets up, it didn't matter.  This is what stability is all about through the eyes of the Fed.  Probably higher tomorrow.  A stronger USD puts downward pressure on US indexes.

Click on chart to enlarge NASDAQ100 Hourly Shows The Damage The Fed Creates – Just Like Two Weeks Ago

NASDAQ100 Daily -

[Create Your Own Opinion – Technical Indicators Used – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Cycle Brackets, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

MSM is starting to cover some of the Fed's bidding of markets higher - we refer to this as fraud.  Q1 results and Q2 guidance should be awful as the USD moved up again today - the USD is about 20% higher over six months.  Yellen will either announce another QE to really destroy markets, or we should tank sharply.  Flip a coin folks.  It's anyone's guess.  From 2000 to 2008, US government debt moved from 5.5T to near 10T.  From 2009 To current, US government debt moved from 10T to 18.5T - took about 6 years at 1.5T per year.  The debt ceiling would need to be rammed up to 21T to make this market rocket higher - on lousy earnings, lousy revenue and contracting GDP - the biggest fraud in history if it were to occur and all thanks to the Fed.

Click on chart to enlarge NASDAQ100 Daily Gets Yellenized Again – Up 45 Points In First 20 Minutes – Fed Continues To Fraud Markets

NASDAQ100 Hourly -

[Create Your Own Opinion – Technical Indicators Used – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Cycle Brackets, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

Central banks are likely to be bidding the open on Monday.  Technically it appears as though any bounce will be muted.  Key support near 4290 has broken, but bounced - we need to get below this level and this needs to happen Monday or Tuesday, or we could be in for another Fed induced ramp back up.  That we fell so hard, so fast this week is a strong sign of market weakness.

Click on chart to enlarge NASDAQ100 Hourly Consolidating – Could Bounce Before Moving Lower

NASDAQ100 Daily -

[Create Your Own Opinion – Technical Indicators Used – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Cycle Brackets, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

We cracked channel support again, but the bounce ensued.  Q1 reporting starts April 8, but we start to ramp up reporting almost a week later.   No earnings confessionals yet - kind of a joke that such a coordinated effort is being made to not disclose the pending earnings and guidance declines.  Intel and SanDisk are the only ones to "confess" and their stocks proceeded to fall about 20%.  We expect a decline on Monday or Tuesday - after this consolidation completes.

Click on chart to enlarge NASDAQ100 Daily Remains Range Bound – Setting Up A Flag Before The Next Move Lower

NASDAQ100 Weekly -

[Create Your Own Opinion – Technical Indicators Used – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Cycle Brackets, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

Another week goes by - one earnings confession.  Only a few hundred to go.  Technically this week is a strong reversal sign which push us much lower next week.  The MACD continues to fade.  USD strength will hurt revenue and earnings for Q1.  The stronger USD will also hammer guidance.  Markets have largely ignored the economic mess the world is experiencing largely due to central banks coordinating the bidding of bonds and equities higher.  The stronger USD should continue to drive deflation (not inflation) and drive world GDP into negative territory soon.  Currently, we are at 0.2% for Q1 GDP down from an initial of 2.5%.

Click on chart to enlarge NASDAQ100 Weekly Down As Earnings Confessions Are Still No Where To Be Found – USD Remains Key
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