Saturday, January 12, 2013

Blimp of Doom

Those hard working guys at Breakpoint Trades published a "World market" newsletter on Saturday.   

I spied a familiar patented Hawaii trading pattern, the blimp of doom, and it is very nicely formed.   That be bearish, predicting about a 25% drop.

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Shut down Java today, its easy

Java can be used to execute code on your computer.   It is easy enough to turn off on Firefox, see image below and read the guide in the link, takes 60 seconds.    If 20,000,000 people turn off the Java, I bet they find a fix real fast.

 Running code?
That means the bad guys can do anything they want to your computer and your data.

Here is the basic data

Thursday, January 10, 2013

$666 per person deposited into banks last month

Real nifty, during this Christmas season, almost $200B was deposited into commercial banks.   hmmm....I wonder if it was those "zombie consumers" who were so flush with cash, they paid for Christmas AND had an extra 666 dollars for every man woman and child in the US (that 666 each works out to around the $200B deposited into banks)

These charts are some seriously good stuff that I plotted from Fed data.
M2 per the Fed (aka FRED St. Louis) is supposed to represent "Household Wealth"
M2 includes a broader set of financial assets held principally by households.   Including of course, money in banks that the Fed just gave to them to "digitize their balance sheet" as the Bernank stated he would.    Not really Household wealth!
 M2 consists of M1 plus:
(1) savings deposits in banks (which include money market deposit accounts, or MMDAs);

(2) small-denomination time deposits (time deposits in amounts of less than $100,000); and (3) balances in retail money market mutual funds (MMMFs).
M1 is 
M1 includes funds that are readily accessible for spending. M1 consists of:
(1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) traveler's checks of nonbank issuers;
(3) demand deposits; and
(4) other checkable deposits (OCDs), which consist primarily of negotiable order of withdrawal (NOW) accounts at depository institutions and credit union share draft accounts

Hmmm....look at those two ovals in the charts below, do ya think we might have some serious inflation right around the corner?

Do you think that gold might be more valuable to people as money is printed and cash in the bank loses value at over 10% per year?

I have about as much respect for the "Deflationista's" as I do for Barista's, well actually I do respect the Barista's more....working people, performing a desired service.

M1 and M2 and more

Good link.   Watch what they do, not what they say.

Ill post more after I get a chance to download the data and chart it.

BOIL long, YHOO short, Gold and Silver long

Charts, imagine that.
Drop a comment please

Monday, January 7, 2013

Pomo me now pumps

Euro Ready to Launch Upward on IHS pattern?

One thing I have noticed....the Euro regularly ignores Head and Shoulders and Inverted Head and Shoulders Patterns.   

however, I drew this blue line months ago, and now it is in play.  

A backtest of a large IHS pattern.    No guarantees, but adds caution to any super bear positioning. 

Equities Long in the Tooth

Equities look pretty long in the tooth.

BOIL was posted last week as a long, and has performed well.    It is either broken out of pattern to the upside, OR at resistance still in pattern depending on how you draw your lines.    Tough place to enter long at this time.

VIX is really low, as is VXX.   I will pick up some calls for February with an expected 2 week hold time.

PM's have taken a beating, we will see if they got some juice if money moves out of equities and into hard assets.  

Sunday, January 6, 2013

Asteroid on Feb 15

I love this Astro stuff, especially as it relates to the markets.

For some reason, comets and asteroids seem to have a much greater effect on planetary phenomenon and human activity than it would seem that they should. They seem to cause earthquakes to a much greater degree than would be predicted by simple weight and gravitational effects.

Search the blog, I did some interesting analysis in the past on comet fly by's.

So right after Valentines day, Asteroid 2012 DA14 will whiz by, far closer than the moon, and even closer than satellites that orbit Earth.

 It weighs are 40,000,000,000 pounds.

 It wasn't discovered until Feb of 2012. I did a blog about "Would they tell us"?

 And here is a post about Comet Honda causing earthquakes.