S&P500 Hourly -

[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.]

We’ve repeatedly mentioned the influence of the USD.  It appears the USD is ready to make more near term highs.  This is very bearish for US indexes.

Click on chart to enlarge S&P500 Hourly Tanks After Yellen Blather – But USD Rockets – Expect Pull Back Tomorrow

S&P500 Hourly -

[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.]

Markets remain under the directional control of Yellen and her following Feds.  Since Yellen likes to ramble when markets are up, we may not see a roll over until Thursday (Yellen rambles on Wednesday at 2pm).  Not sure why the markets will open tomorrow – we expect a two point range for the day and into Wednesday.  POMO is over and REPO is done – bond interest income is the wildcard – how long this could last to keep markets pumped despite a failing global economy is anyone’s guess and Yellen won’t tell us, but she has told us she will use this to act for upside.  Are you getting sick of this Yellen induced fraud?  Me too.

Click on chart to enlarge S&P500 Hourly Falls At Open And Crawls Upward For The Rest Of The Day – Two Days For Yellen Blather To Pump Markets Higher

S&P500 Hourly -

[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.]

Nothing but up until Yellen chooses to stop POMO for good and to stop juicing these markets with bond revenues.  Yellen on the 29th and Obama on November 5th – markets have a chance at normalizing after these two events.

Click on chart to enlarge S&P500 Hourly Breaks Channel Support And Then Just Keeps On Going Up

S&P500 Hourly -

[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.]

Yellen speaks next week and we already know she prefers a green back drop.  After we head lower by end of tomorrow and Friday, we may see a Fed induced bounce higher in preparation for Yellen’s rambling spew about nothing – but code for her flunkies to start buying.  Exit aggressively on down moves as we still may see some strong moves up.

Click on chart to enlarge S&P500 Hourly Close Below Channel Support – Could See Opening POMO Bounce Before Continuing Lower

S&P500 Hourly -

[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.]

To continue from the daily report, POMO extension is hitting the MSM now.  If this extension does occur, the message is clear – POMO on, markets up.  POMO off, markets down.  This will continue until the Fed has purchased all the tradeable shares of all the stock exchanges – OR – until the board members of the Fed demand Yellen’s resignation.    Yellen isn’t stupid – a bit arrogant, but not stupid.  Yellen knows what she is doing.  If POMO continues, something more grand is occurring, but you can be sure that whatever is unfolding, it will not be good for you nor I.   In general Santelli is all that counts over at CNBC, but even Rick had trouble handling Peter Schiff at Euro Pacific Capital – a two minute rant – funny.

Click on chart to enlarge S&P500 Hourly Shows No Down Ticks – Yellen Unleashes Uncle POMO On The Markets
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