XLK from BPT

Just some quality stuff from the blog at Breakpoint Trades. 

This is a membership only blog, not a lot of drivel, or stupid speculation.

Considering making more money by spending a little money.

Peter Dag and the Moon

Hey, I love the stuff that Dag does....simple, business cycle stuff, and it is never "different this time".  But when ol' Dag starts pointing out the moon thing, I got to think maybe moon is going to take a break for a while.



http://peterdag.blogspot.com/

Put call remains high, H&S, bearish sentiment

Oh, and I forgot, the DRTV pattern, search this blog for more info.   The unwritten truths are only for those who research.

All these factor put the probability of long being more likely

Plus Europe didn't blow up and prices were "stable" during last last episode.  They kicked the can and money is looking for some "risk return" again,

Cable looks ready to run up, Bucky would conversely take a hit.

Long at 1135.75 off the neckline bounce up

X-fighter Pattern, Doctor Copper About to Get Gamma-Rayed

What the Bejeesus is this, the Start Wars X-Fighter Pattern?

Junk(y) Economics

Can Germany mind their own business?

Thats what they are trying to do....however the entitlement recievers buy their stuff.

So when a junky comes to your door, and he owes you money, but he says his habits are so strong that he cannot work without a fix, and if you could loan him $100 he can get his fix, plus he can get a quick cash job, plus after he gets paid from his cash job, he will not only return your money, he will buy that used pressure washer that you been trying to sell for $100 also.

Solid deal right?

News?

Financial institutions stare into the abyss

The below are all link on FT which is usually pretty good, not so blatantly slanted as US MSM.

http://www.ft.com/cms/3b775aee-e410-11e0-b4e9-00144feabdc0.html?ftcamp=traffic/email/content/reportalert//memmkt


The need for concerted action is greater than ever, as imbalances across the eurozone are replicated globally, reports Chris Giles
Eurozone: Debt crisis deepens on Greek default fears

The role of the central bank is under increased scrutiny, writes Ralph Atkins
Across the zone: Member states’ finances dissected

Leading actors in the eurozone drama come under the spotlight, write FT reporters
Public finances: Austerity drive slides into rancour and risk

German and US moves keep fiscal policy in flux, writes Chris Giles
Reforms: Banks locked in vicious circle as regulators debate tougher rules

A debate is raging about how much lenders should do to protect themselves, writes Patrick Jenkins
Central banks: The path to recovery proves to be a long and painful one

There is still no consensus on the risks of extra monetary stimulus, says Robin Harding
The third arm: Macroprudential policy

Its implementation will be a case of trial and error, as officials are well aware, writes Claire Jones
Markets: Optimistic investors in short supply as volatility continues

The euro crisis and US recession are hitting confidence, says Norma Cohen
Balance sheets: Central banks walk a monetary tightrope

Claire Jones looks at the risks and rewards of recent measures to supply liquidity
Mario Draghi: Set to inherit an ECB in crisis

The challenges facing the Italian central banker, when he takes over as ECB president on November 1, could hardly be greater, writes Ralph Atkins
Global growth: Uphill battle for French G20 presidency
IMF: Lagarde faces tough baptism over Greek debt
Commodities: Are high oil prices bad for the global economy?
WTO: World waits to move on after Doha

New Moon New News?

Quickly

The Brits are traders, this looks spastic. Big Move coming

Dr copper priced in gold looking very sick

What a Tangled Isosceles Triangle We Weave

• 800 Trillion of Derivatives - but don't worry...they are cross hedged
• Londons Burning
• Torture is Legal
• "Spin" aka Lies are fine, everyone does it
• Financial Crimes of the highest order get no prosecution, yet a mom gets 5 years jail for spanking her child, and not in an abusive or formerly abusive way.
• Nuclear disasters are covered up with a plastic sheet, and trained scientists go on TV saying radiation is good for you
• Anyone care to add to this list?  
• The pound looks like it is ready to get pounded.
• 
  
• 
  

This place is dead, time for Jokes and Action Films!

Joke Time!

The atheist and the Little Girl
An atheist was seated next to a little girl on an airplane and he turned to her and said, “Do you want to talk? Flights go quicker if you strike up a conversation with your fellow passenger.”
The little girl, who had just started to read her book, replied to the total stranger, “What would you want to talk about?” …
” Oh, I don’t know,” said the atheist. “How about why there is no God, or no Heaven or Hell, or no life after death?” as he smiled smugly.
“OK,” she said. “Those could be interesting topics but let me ask you a question first. A horse, a cow, and a deer all eat the same stuff – grass. Yet a deer excretes little pellets, while a cow turns out a flat patty, but a horse produces clumps. Why do you suppose that is?”
The atheist, visibly surprised by the little girl’s intelligence, thinks about it and says, “Hmmm, I have no idea.”
To which the little girl replies, “Do you really feel qualified to discuss why there is no God, or no Heaven or Hell, or no life after death, when you don’t know shit?” And then she went back to reading her book…..

The 17 Trillion dollar Fed Story, is it just a consiparcy theory

No it isn't.   Here are the cold hard facts, from the governments own report.

check page 216 for staters

http://info.publicintelligence.net/GAO-FedAudit.pdf

Well Liked = Fibonacci Number

 It is not my goal to be "well liked" but sheesh....510/742 thats 68%, THATS a a FIBONACCI NUMBER!

Hey, I like Cheat Sheets, check these guys out!

http://wallstcheatsheet.com/stocks/new-home-sales-continued-to-decline-in-august.html/

Sign of things to come

http://www.londongoldexchange.com/maintenance/

Nailed the Pair Trade

We called for a pair trade on this inverted head and shoulder, short gold long SPX, man that worked good, and should still be working up until the measured move target

BBC shocked Goldman Rules the World

FREE commodity newsletter

Hawaii Trading and Breakpoint Trades (BPT) is providing a free newsletter on Commodities.  Commodities got pummeled last week.

Here is a FREE 41 pages of professional grade chart analysis with Audio overlay.    Elliot Wave, Fibonacci, Tech indicators such as Slow STO, patterns and candle analysis.   All the stuff I like.

Check it out.   You can't watch everything all by yourself.    In reality, if you are going to run any money in the markets, you need to purchase some services.  

BPT is the real deal.    They have a free 3 week membership, but if you do sign up, use the link on the upper left on this blog as they will give me an extension on my membership, and I guarantee it does not cost you a penny more. 

Here is a link for the full-on FREE commodity newsletter, with Audio.

http://breakpointtrades.com/controls/preview.php?nl_id=776

And if you want to sign up, use this link!

BPT sign up

Invisible and Bullet Proof H&S line

Still fighting with the H&S neckline, wonder why I am the only one in the world to see this neckline, what up with that?   Bears too scared to even utter H&S anymores?

With the highest moving average of CBOE total put call since 2008, looks like bears are going to take it up the whazzoo, ramp-a-mania.

And another reason not trading on TOS anymore, twice a week updates.

Sunday Boatload O Charts

Just a few charts that I look at:   

A "vote" of indicators would predict an increase in US stock prices at the beginning of the week.    


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