S&P500 Daily -

[Technical Indicators We Use – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Cycle Brackets, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

Remember the mentions of trading small on either side of this market?  Here's why.  When the shorts pile up, Yellenator and company run over them like a speeding transport truck down the I-95.  It's as though central banks watch the volume pile up and then use their monopolistic skills (ie: there aren't any) and squeeze until covers come rolling in.  This is day 20 (about one month of straight up) in this trend.  It's getting surreal out there.  The rising US Dollar will soon be the speeding transport truck that is going to run over Yellen.  Oh, and yes - more all time highs in all indexes - speechless.  But check out Germany's DAX - up nearly 30% in five months.  Wowzers!!!

Click on chart to enlarge S&P500 Daily Up Again As Central Banks Bid Their Broken Mess Higher – Shorts Are The New Roadkill

S&P500 Daily -

[Technical Indicators We Use – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Cycle Brackets, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

Volume has picked up as markets close lower, but barely.  The world knows that Yellen and the rest of the central banks are fraudulently driving the market higher - not sure where in Yellen's job description it says to buy shares of AAPL or AMZN for greater economic growth or stability.  The sleeping giant is the USD and it has rocketed with no reversed response from the market.  Some grade school math tells us that US based global corps will be negatively impacted by the rising USD - somehow this gets explained as a positive event.  And this should crush the indexes soon.  MACD rolling, cycle brackets showing down, pulling back from the bollinger - expect downside on Monday.

Click on chart to enlarge S&P500 Daily Gets Above Channel And Closes Back Inside – Downside For Monday Likely

S&P500 Daily -

[Technical Indicators We Use – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Cycle Brackets, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

Interesting news out of China - Cisco and Apple have been banned from state purchase lists - that's what we call bad news.  The problem is bad news like this hasn't stopped central banks from bidding markets higher.  Technically, after numerous topping signs, fading volume and 17 days in an up trend, we should be ready to roll.  We should see a move down tomorrow, but it really comes down to what the Yellenator orders in the morning.  Yellen's two days of chat were little more than "I got this covered boys, nothing to worry about" with a few bursts of "how about an audit?".

We do realize that we spend a lot of time talking about central banks.  Central bank manipulation even made it to a few business networks this week, CNBC for one.  But the subject was joked about and swept aside quickly - good job MSM - round up those bagholders.

Click on chart to enlarge S&P500 Daily Closes Flat – Another Topping Sign On Day 17 Of Up Trend

S&P500 Daily -

[Technical Indicators We Use – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Cycle Brackets, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

Not much to say today - there's next to no price discovery.  Whenever a plunge opens the market in the first ten minutes, the Federal Reserve steps in with their "Plunge Protection Team" and hammers the market higher.  The good news is that the MSM is finally talking about this government backed fraud and misuse of taxpayer money.  Yellen bloviates tomorrow - hopefully a start down the road to auditing the Fed. Day 15 in this up trend  - last record up trend ended in December - 35 days up or about two months.  Last one before that was in the 1930s - about 100 years ago.

Click on chart to enlarge S&P500 Daily Closes Flat As Yellen’s Plunge Protection Team Ensures She Gets A Greenish Backdrop

S&P500 Daily -

[Technical Indicators We Use – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Cycle Brackets, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

Central banks were hard at work buying the market higher in the face of jubilant MSM.  It's good that we have alternatives to "feel good, everything is grand MSM".  Zero Hedge's reported data tells a much worse story.  Today is "up day 14" - close to a month of nothing but up heading into the seventh year of nothing but up on the back of a failing global economy.  It doesn't get any better than this, right? Today was also expiration and the morning dump came right on time.  Central banks, in their wisdom, managed to turn markets on a dime and swing it 25 points higher for the remainder of the day.  Virtually all technicals look bullish here.  Gravity does win in the end.

Click on chart to enlarge S&P500 Daily Finds Another All Time High As Global Macros Continue Showing Contraction
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