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A day after my tirade on Trump and his disgusting behavior we get this headline today.
https://www.nbcnews.com/politics/donald-trump/john-kelly-confirms-trump-privately-disparaged-us-service-members-vete-rcna118543
John Kelly trumps long time friend and Chief of Staff is recounting the loser and sucker remarks towards the armed forces. So not only is the man a cheat, corrupt to the core willing to sell state secrets for a profit and not only leader of a riot to overthrow his own government he spits on those that protect him and our country.
ANY QUESTIONS??????????
JOLTS report was a big jolt. Shook up the market badly. Inflation implications.
TRUMP VOTERS never hear see read or watch the man in his full splendor. They PRETEND it didn't happen by erasing it. They only want the part of him that promises WHITE MEN will dominate again. Christian of course. They forgive him all horror's as long as he delivers. Evangelic leaders praised the man that held the bible upside down as if it was on fire against a backdrop of tear gassing the PEACEFUL CROWD in order for him to perform his campaign optics.
he mocks the military soldier as SUCKERS! he mocked McCain a real man that served with distinction and was held as a POW and tortured for years even when allowed to end his captivity early but without the rest of the men in captivity. TRUMP was so envious he actually stated He Deserved To be In Prison for getting himself caught. WTF? I am living in a nightmare that gest worse and worse.
I have HUNDREDS of horror stories about this P.O.SHIT. But like HITLER no one gave a shit about his treatment of JEWS as long as THEY themselves profited.
That's 48% of this population. The excuses that TRUMP SUPORTERS come up with is amazing. Biden corrupt, too old. Trump however seems not to have ANY BAD ATTRIBUTES??????????
I will continue to EXPOSE the hypocrisy. Can you imagine someone running against Hitler with all the known exposed horrors he committed and then say but his opponent is weak, corrupt, too old. I mean lame isn't the proper word. how about EVIL as Hitler himself. YOU THE TRUMP VOTER ARE EVIL, pretending you don't quite understand what he actually did. Come on now! if you read any of MY POSTS that no longer is the case. Surprise surprise!
I can pull such despicable sub-human deeds made by TRUMP almost on a daily basis. And the pace will increase as he loses all of NY for his financial schemes. Yet i have to actually try to persuade morons that can't read or comprehend? I suggest you pretend it was your sibling, mother, father that got bludgeoned with a hammer by a lunatic and have the President of USA make a joke about it. YOU the VOTER must be laughing now. Have You No Decency?
EXPAIN AWAY THIS BEHAVIOR. *** STILL WAITING ON THE HORRORS OF BIDEN against so many evil acts by TRUMP! I will list my facts against yours. pathetic.
Trump's Appalling Paul Pelosi Dig Gets Laughs From California GOP Crowd
“We’ll stand up to crazy Nancy Pelosi, who ruined San Francisco,” Trump said to the crowd. “How’s her husband doing, by the way, anybody know?”
“She’s against building a wall at our border, even though she has a wall around her house — which obviously didn’t do a very good job,” he added, seemingly mocking the Democratic congresswoman.
Trump at the time called the incident a “terrible thing.” A week after the incident, the former president’s son Donald Trump Jr. posted memes advocating to ban hammers — the weapon used in the attack.
AND THE CROWD LAUGHED
The former president baselessly called California’s election “rigged” and said he wants to liberate the state from “communist rule,” later saying organized retail thefts in the state could be addressed by shooting looters as they leave stores.
Trump, referring to his recent indictments, mocked President Joe Biden, saying, “Let’s indict the mother******,” suggesting the president uses indictments as a means of destroying the credibility of those he doesn’t like or those polling higher than him, even though his federal charges were brought by an independent prosecutor.
The man truly does represent the best of republicans. he is the man that captures the heart of evangelic voters. A vicious attack on Pelosi husband was mocked because?
Pussy Magnet - you bet! Covid disaster, you bet! Loves Putin and demands we stop funding Ukraine, you bet! Made side deals with China and Saudis for PERSONAL GAINS! You bet! has more lawyers under indictment and losing their license to practice than all presidents, VP's, congressman combined in the history of our nation starting from Washington on. You bet! Hates the military and calls those that serve SUCKERS! you bet. A thousand rioters and TRUMP promises to free all of them because sedition and treason is just a made up concept. You bet! A war hero tortured for years refusing to get out early from prison till his colleges did McCain ridiculed by the draft dodger. You bet!
Dated but relevant list of TRUMPS greatest accomplishments.
https://www.citizensforethics.org/reports-investigations/crew-reports/president-trumps-staggering-record-of-uncharged-crimes/#table
Or perhaps this one: https://www.theatlantic.com/ideas/archive/2023/06/trump-indictment-unsealed/674353/
Useless to talk to Big Foot believers. 2 impeachments political. 4 indictments political. 2 rape cases settled in civil court political. Every accuser, every judge every prosecutor corrupt. His own lawyers are testifying to condemn his outrageous behavior because they themselves are lying pieces of shit. Every single day the corruption mounts and his legal peril and jail time builds. WHY? because he faked a scheme to tell everyone the election was rigged and as the head of the most powerful nation in the world with access to aa 15 agencies which handles fraud found the answer was "THE MOST SECURE ELECTION IN HISTORY". Spoken by his own department head that then got FIRED for saying it. Not a single shred of evidence, where all REPUBLICAN judges laughed him out of court. He predicted this fraud even before the election and his buddy was caught on audio stating his plan was to complain about fraud and if he losses us that to STAY IN POWER!
So who is the fool here. One guess and it isn't everyone else but... Yup you got it. So just don't ever look up Trumps atrocities because you will be foaming at the mouth. Don't ever watch the January 6th incident replayed because it isn't a flattering portrait of a treasonous A'hole.
LETS END THIS STUPIDITY! Give me exact FACTS or even assumptions on what BIDEN did to what HITLER did. That's YOUR comparison. Too DEFLECT? Kind of hard when every single day TRUMP is in one or more court houses calling everyone corrupt but himself. BIDEN compared to Trump is like Mother Teresa compared to Attila the Hun.
In fact lets make it real easy. List Biden's atrocities and i will make it so easy to expose the pure hate and bigotry simply because there is NOTHING THERE! And "I" can prove it! While a simpleton with 5th grade logic and education cn understand the mountain of corrupt evil deeds this sub-human has done.
BRING IT ON! Instead i still get ONE LINERS deflecting. DEFLECT! I stated this 6 years ago and STILL I get the same idiotic one liner response.. You see HITLER wasn't as bad as STALIN! That's YOUR ARGUMENT and in this case calling Biden anything but a normal decent human being in the same breath as this monster is an INSULT!
BTW where is TRUMP TODAY! foaming at the mouth telling idiots like you the world is corrupt and he is the only godlike man.
How did the PANDEMIC pan out for ya? Got the right call? Wait for it...... You see sometimes the most easy simple solution is the one that you stared thru. Refused to see it. here is how i can prove my point. Did YOU ever explain away the Pandemic mistake? An easy call. you know a 100 year destruction coming to our soils. Or defending a man that can't be defended? Pick your poison.
YOU ARE VOTING FOR TRUMP and I have to explain why that isn't a good idea? DUH......
The only argument I have is how could he do as bad or worse than Biden. Talk about morons..Who do you think voted for Biden?
RCKS, Thanks for the chart and info.My one big guru still looking at 4200....
"............the pattern still suggests that the current bounce is most likely a fourth wave, to be followed (after it completes) by a fifth wave below last week's low. If anything changes there, we'll discuss that as appropriate."
http://www.pretzelcharts.com/
"Last update opined that the "most likely" scenario was for the current bounce to be a fourth wave, and nothing has happened to alter that so far. Worth mentioning that NYA back-tested its noted broken trend line and was rejected. Another test of the zone near that line is not required, but would be perfectly normal:"
"Next, SPX didn't quite reach the green line -- but again, another go at it, if it happens, shouldn't surprise anyone:"
"Very long-term, SPX is now below its key blue line:"
"Finally, I was looking through last year's chart book, and I just had to share this, because it's weird. First, remember back on May 3, 2022, when I published this chart? (I actually drew the chart in April 2022, but didn't publish immediately.)"
"So here's what's weird... this is the chart as it looks in my old chartbook now:"
"Anyway, (3)/C's timing seems a bit aggressive to me from where I sit now, but sometimes these charts almost draw themselves and can end up being smarter than me, if that makes any sense. So we'll see how that goes. But, however (3)/C goes, the timing of (2)/B (timing is not something I put any conscious thought into) seemed just a bit unreasonable to me.
Oh, almost forgot, gold has opened an option worth being aware of:"
"In conclusion, presently, the pattern still suggests that the current bounce is most likely a fourth wave, to be followed (after it completes) by a fifth wave below last week's low. If anything changes there, we'll discuss that as appropriate. Trade safe."
".....bulls do have some options here, but for now, the "most common" situation would be for the current bounce in SPX and NYA to be a fourth wave."
http://www.pretzelcharts.com/
"As another one bites the dust, I was finally forced to move away from the 80s-music-themed titles. Let's go right to the charts, starting with NYA:"
"SPX captured and exceeded Target 1 from Sept. 8:"
"Bigger picture, SPX is bouncing off the red trend line:"
"There is resistance several places overhead, with 4350ish as a standout:"
"And last but not least, TLT has finally confirmed my wave count from 2022:"
"In conclusion, bulls do have some options here, but for now, the "most common" situation would be for the current bounce in SPX and NYA to be a fourth wave. If things get squirrely, we'll take a closer look at the bull options. Trade safe."
".....the most likely resolution for these patterns is ultimately lower."
http://www.pretzelcharts.com/
"Not a whole lot to add to the past few updates, but a couple charts are worth looking at anyway, starting with NYA, which suggests new lows are still lurking out there, one way or another:"
"SPX is in a similar position:"
In conclusion, the most likely resolution for these patterns is ultimately lower. Which really isn't adding anything to the past few updates, but the charts "show the math," so to speak. Be aware that this is potentially dangerous territory for bulls, as unless they can reclaim some key zones, an acceleration of the decline in the fairly near future is very possible. Trade safe.
DERANGED, FASCIST, abortion flip-flop, general deserves the death sentence. I can see why on a daily basis this becomes normal and appreciated by the TRUMP CULT. You see the world is a delusion. the MATRIX has us believe everything around us is real but in truth only TRUMP is real. How the court managed to convince 12 jurors 2 different times to declare defamation against trump for denying RAPING a woman is beyond me. How you morons that support this lunatic reminds me of the 12 year reign by HITLER.
BTW I dare you to actually look up two simple words in your favorite search engine. Trump News. Get back to me when you want to challenge the world is a mirage and trump the only thing that is real. Seeing him, hearing him, also requires you to believe they too have been altered. Spooky.
I Say We're Setting Up For A Major Bottom
SEPTEMBER 24, 2023 AT 10:43 AM
Tom Bowley
Chief Market Strategist, EarningsBeats.com
http://stockcharts.com/articles/tradingplaces/2023/09/i-say-were-setting-up-for-a-ma-496.html
"It's almost impossible to call market tops and market bottoms using basic technical analysis tools like price and volume. Don't get me wrong, that combination is my favorite during trend-following periods. But trying to spot bearish reversals is difficult when price action keeps riding higher and higher. The same is true in trying to spot bullish reversals when prices keep moving lower and lower. Maybe that seems unconventional to hard-core technicians, but I believe it's the reality. Too many folks say "when this line crosses that line, then this will happen". To me, that's following technical analysis and wearing blinders. Just my two cents.
I use technical price action to confirm what other signals are suggesting. We get plenty of signals on a regular basis - some short-term in nature, others long-term - if we're only willing to listen. While I've been bullish since June 2022, I do recognize short-term warning signals that tell us that risks of remaining long have increased substantially. In mid-July, I turned very cautious short-term and discussed those signals in a "Your Daily 5" episode that aired on July 19th. Let me pull up an S&P 500 chart, so you can see where U.S. equities stood when I fired this warning shot:"
http://d.stockcharts.com/img/articles/2023/09/24/992c9119-7e85-41ed-b212-fec23ca030f2.jpg
"There were several reasons for the stock market bulls to hit quicksand. Tesla (TSLA), a Wall Street darling and a favorite stock of mine, suggested a possible 20% drop. That call aired the day of TSLA's top and TSLA fell closer to 30% in less than one month. These signals work and help us to manage risk! As I always say, they do NOT guarantee future price action, but they make us aware of increasing risk and that's how you invest more successfully. Since that July top, I've encouraged our EB members to tread very cautiously, whatever that means to each individual member. To some, it's being in cash. To others, it might simply mean to avoid leverage on the long side. But this cautious period is coming to an end."
If you want to see what was discussed on July 19th and why I felt the stock market was in short-term trouble, check out the Your Daily 5 recording on YouTube!
I absolutely LOVE when my signals take the opposite view of the masses. And now that everyone believes we're resuming the prior bear market, my signals are saying HOGWASH. Could we continue to proceed lower? Sure. There are never any guarantees with the stock market. But I see signs that suggest shorting is a VERY HIGH RISK strategy, with those risks growing every day. I'm discussing one major reason why in our FREE EB Digest newsletter that will be published early Monday morning, before the stock market opens. If you're not already an EB Digest subscriber, it's 100% free with no credit card required. Simply CLICK HERE and enter your name and email address. I'll discuss Reason #1 to turn bullish tomorrow morning. And I'll also focus on other reasons to be thinking bullish thoughts when I publish the EB Digest on Wednesday and Friday. Don't wait until it's too late. Check them out NOW!
Happy trading!
Tom
"...Several market are still sitting at or near theoretical support zones -- if bulls can't manage any kind of reactionary bounce, then that tells us something about the strength (or lack thereof) of the market."
http://www.pretzelcharts.com/
Those of you with internet access may have noticed that today's title continues the long-running tradition (two days) of referencing classic 80s songs. Not sure if I'll try this again on Wednesday, but I Just Can't Get Enough, so I will be Right Here Waiting to see If This Is It or not.
No change from last update, but I did want to bring forward the NYA chart, which I haven't updated in a while, because it's right at rising support. If bulls can't manage any kind of reactionary bounce, then a sustained breakdown here quite likely takes NYA down toward blue 3/C:"
SPX is unchanged:
"Hanging out just below green, and no change:"
"No change to the targets:"
"COMPQ still flirting with next support:"
"In conclusion, no real change to anything. Several market are still sitting at or near theoretical support zones -- if bulls can't manage any kind of reactionary bounce, then that tells us something about the strength (or lack thereof) of the market. Trade safe."
I think it's quite obvious that Trump is under major attack from the world, flesh, devil and the left. They're doing everything in their power to keep him down and from being the next president because they're afraid, scared and insecure of themselves even. It's easy to see as an outsider in the middle ground. Satan always attacks us the most before the blessing.
Here is the real next danger, as real as a known Pandemics path of death. Trump leads by a whopping 10 points! But stick your head in the sand and concentrate on making money in the market. We have less than two year before all is revealed to even the most die hard cult follower. him and his converts have already succeeded in destroying this world in a cataclysmic fashion. Think I exaggerate again? Don't ya know i have been right for a very long time. NO? Think about connecting two dots. One, trump will lead a completed revolution to dictatorial rule as his converts in the Senate, House, and State legislature have already started the process. Don't believe me? just use a search engine and key in Trump GOP influence and changes. Trump and the state legislatures. Funny part of this exercise is that news articles from 2020 had hope he was defeated and after they spell a defeated attitude for our democracy. me i knew the end was here in 2016. I saw the future and it was bleak. Do you know what it is like to watch a time lapsed version of our destruction? I know what all are thinking. I need to take my meds. Funny part of all this is that YOU will need the meds when his reign is complete.
if i was you and had no ability to connect simple dots together i would also question my own sanity. I would at this stage however have a nagging reminder that my preposterous argument on our future has already come true. but alas, you will find ways to dismiss me as a nagging over exaggerating Casandra.
https://www.theguardian.com/us-news/2023/sep/24/washington-post-abc-poll-trump-10-points-over-biden
Market path: Full proof future. between NOW and the next election we will have a crash of momentous proportions. It will seal our fate forever. Trump will be declared KING! Bet the farm on 2 predictions. One we crash before the next election and two Trump will reign till he dies. Think this over the top? Well explain how his BIGGEST LEAD is on the backs of 2 rape charges convictions, 2 impeachments, 4 indictments, sedition, treason, extortion. Can anyone come close to being an anti-Christ with those credentials?
Extreme bias eventually comes true. been seeing gremlins for a long time now. You never accepted this massive run and was skeptical thru out. missed some great upside. but now that all things are aligning for a big drop you have anxiously declared victory. Not so fast. Like a pandemic we have an external event that is seen by all and most dismiss it as a short term problem. Shut down is inevitable and demanded by the MAGA GOP. It WILL be the deciding factor. The longer the more sever the next drop. This combined with a Fed Funds approaching but refusing to hit 6%, bond yields at crash levels and the dollar breaking out.
The best case scenario is a move higher next week to brace for the full wrath of Octobers shutdown. it will be long, break previous records and cause a stock market capitulation.
This has been anticipated and outcome also a favorite prediction. GOP has no control over the MAGA group and only a concerted detachment from them with the help of the Dems will we see a short shutdown. In other words unlikely.
Stock Market Commentary 09/22/23
By Lawrence G. McMillan
"Technically, $SPX is still within the 4330-4540 trading range, but it is now probing the low end of that range. Prices and internal indicators were deteriorating slowly until the FOMC meeting this week. After that, $SPX took a big drop on Thursday. The fact that the week after September expiration is a seasonally weak period for the market has added to the bearishness. There is now a gap on the $SPX chart, which would be filled on a rally towards 4400, so that represents a resistance area now. Even so, I am still of the opinion that $SPX needs to fall below 4330 or rise above 4540 in order for some sustained momentum to be seen.
Equity-only put-call ratios have toyed with buy signals over the past week. Both ratios moved lower for a few days, giving the appearance to the naked eye that buy signals were being generated (a local maximum on the chart would be a buy signal for the stock market in general). The computer analysis agreed that was the case for the standard ratio (Figure 2) but did not agree with regard to the weighted ratio (Figure 3). Now, with the market having taken a sharp hit on Thursday, both ratios jumped higher again and are on the verge of making a new relative high for this move that began in mid-August. If the ratios do make a new relative high, that will reaffirm the sell signals. In any case, the weighted ratio has remained on a sell signal throughout this month, according to the computer analysis programs.
Market breadth has deteriorated badly. "Stocks only" breadth has been terrible since Labor Day (Sept 5th). NYSE breadth was better than "stocks only" breadth, but it was generally negative, too. Both breadth oscillators are on sell signals, and they are now both in oversold territory. It is going to take several days of positive breadth in order for the "stocks only" breadth oscillator to generate a buy signal. Remember: "Oversold does not mean buy."
Even $VIX may finally be waking up from its persistent slumber. $VIX jumped higher on Thursday and is now in "spiking" mode. The stock market can fall sharply while $VIX is in that mode, but eventually a new "spike peak" buy signal will be generated.
One further observation on the $VIX chart in Figure 4: $VIX has probed down to 13 several times (including about a week ago), but has not been able to fall farther. That represents a level at which "big money" (buyers of $SPX puts) is willing to buy protection. Whether they are correct in needing that protection or not remains to be seen, although it was welcome this week.
In summary, we are not carrying a "core" position as long as $SPX is in the 4330-4540 trading range. But individual indicators have deteriorated as the market has moved lower, generating some sell signals. Oversold conditions may produce buy signals in the coming days, but until they are confirmed, the market is not a "buy" yet."
S&P 500 (SPX), CBOE Market Volatility Index (VIX), 21-Day Equity Only Put Call Ratio (PC21), and Weighted 21-Day Equity Only Put Call Ratio (PC21 w) charts updated each Friday.
http://www.optionstrategist.com/sites/default/files/SPX.JPG?v=1695400193314
http://www.optionstrategist.com/sites/default/files/PC21.JPG?v=1695400193314
http://www.optionstrategist.com/sites/default/files/PC21_W.JPG?v=1695400193314
http://www.optionstrategist.com/sites/default/files/VIX.JPG?v=1695400193314
Thanks RCKS...How many times have we had that projection...Back below 2200. lows.JUst have to see I guess.
"I continue to suspect we're in the very early stages of a massive third wave decline, to break the 2022 lows and beyond."
http://www.pretzelcharts.com/
"Yesterday, SPX confirmed my prediction from September 6, which was that trade below 4460 implied a trip below 4335. But SPX has done more than that since last update. Let's start with the big picture and work backwards, to understand why my lean from August 18 is seeming even more reasonable now:"
"Note the presumed levels on the "roadmap" sketch above and compare with the red 3 target below -- red 3 should take us perilously close to overlap of the key levels above. That will probably trigger a bounce, which would be red 4 and we'll have to hold our breath there because there will be three waves down (which could always be a corrective ABC) and no overlap yet. Then, if all that is in the correct ballpark, red 5 will take us down to new lows (below red 3, anyway) and finally overlap the key levels."
"Bears finally broke the green trend line, but of course, have yet to hold that against whipsaws, so I don't want to imply that we should be complacent here, as the "complex intermezzo correction" is still on the table (if seemingly less likely):"
"Finally, COMPQ broke red and blue support, but closed the session right at its next support zone, so a bounce isn't unreasonable here, and bears do need to claim that (which I suspect they will) to add confidence:"
"In conclusion, SPX this month has captured two upside targets and two downside targets. The next targets are listed, while bulls' main hope for the foreseeable future seems to be, at best, for a complex correction. And while my lean on August 18 went against the grain at the time, it may not seem so outlandish now, and I continue to suspect we're in the very early stages of a massive third wave decline, to break the 2022 lows and beyond. Trade safe."
"I want to lean toward the bear options, because the world is going to hell in a handbasket and we all know it, but the deck chairs on the Titanic can always be rearranged before it sinks."
http://www.pretzelcharts.com/
"Yesterday, SPX confirmed the rare WXY pattern. Experts warned that such patterns would become more common due to climate change, and this pattern JUST HAPPENED (it's clearly become common; aka: recency bias), thereby proving that:
Climate change is real and therefore every statement we make about it is also true.
Anything real is also automatically a "crisis" as long as we repeat the term "crisis" over and over while simultaneously silencing all contrary views.
You have too much freedom.
Actually, ALL Americans have too much freedom. We need to figure out a way to gain control over them since the democratic process is not to be trusted.
Maybe we can convince them to let us take away their cars?
And their stoves and heat.
And their food.
And drive their cost of living through the roof. By fiat if we can't sell them on it.
That would learn 'em.
Err... we mean, totalitarianism would be better for us.
Wait! We mean that stuff will help solve the "crisis" we just proved exists! Refer back to #1.
(The above rant, in part, illustrates how bad logic and propaganda work: Just because WXY was proven true, it does not automatically follow that every -- or any! -- statement we link to WXY is also true.)
SPX found support at the blue trend line:"
"COMPQ broke below red, but also held its blue trend line (so far):"
"Finally, we probably shouldn't entirely ignore the fact that there is a bull option here:"
"I want to lean toward the bear options, because the world is going to hell in a handbasket and we all know it, but the deck chairs on the Titanic can always be rearranged before it sinks. Trade safe."
"....so far, there's nothing that's happened to give bulls much hope, so while bears still have some work to do, they do still appear to have the edge at present."
http://www.pretzelcharts.com/
"Last update opined that SPX had formed a WXY complex corrective wave (a WXY is two 3-wave structures, such as two abcs, connected by another 3-wave structure called an X wave) -- personally, I hate WXYs, because the options for such a structure can be endless and thus "WXY" becomes a call that's dependent on your prior reads and bias -- but it appears that's exactly what it was."
"COMPQ is on the edge of a breakdown, so we'll see if bulls can muster any kind of bounce here or not:"
"In conclusion, so far, there's nothing that's happened to give bulls much hope, so while bears still have some work to do, they do still appear to have the edge at present. Trade safe."