spx500 not buying this jump as sustainable

FX:SPX500   S&P 500 index of US listed shares
607 3 16
Talk this up all you want, I am not buying it. Indicators say otherwise. Just showing what could be (and what I expect), but I could be wrong, and today's strength could make me eat these words, and loose money, but, still not buying it. Good news is good news? What! Too much good news means fed has to raise rates, when the huuuge debt says no don't do it, it will make it grow huuuge. But... negative rates says dollar gets stronger, and too much of that is NOT good for markets, and since over half of the world government debt, and almost all pension funds liabilities,are being paid by investments in corporate stocks, if they tumble they won't be able to meet those liabilities, and taxes would have to be raised to pay for all that free stuff and handouts and unemployment insurance that has gone on now for many years longer than it should have........ yikes, what a pickle, what a pickle, it is check mate. We have hit the 20 year top trend line again (or just about), talk about resistance, wow. Note the bottom build set up. Look familiar? And to say nothing all this is happening while the VIX             has exceeded its all time lows , ALL TIME LOWS. I have some swamp land in Florida for sale for the right price. Wait, Disney bought it all, sorry, all out.
The best thing about trading off the charts is that FUNDAMENTAL ANALYSIS (or what I call the excuses most people come up with to explain how they are loosing their shirts.... INTELIGENTLY) is a mute point. The charts say This is simple.
W.T.I HIT $41.50 ( short at $ 43.40) on its way threw $40.00 even later tonight!!
When it prints a 3 handle the talking heads on C.N.B.C who have yet to see a real crash will panic.
H.Y.B (JUNK Bond ) debt will start to deteriorate as it is highly correlate to the Oil Patch. Bank balance sheets should start to show a larger percentage of their loan book going 90 days + WRITE OFF. Especially in Europe , Alberta Canada and the Balkans.
Fed cant increase rates as it will spike DX past 97 and crack all commodity markets (except Gold) as Gold is the only Risk Off asset remaining in an era no longer anticipating a bid in the Bond Pits from the QE game.
I am a buyer of the S@ P on technical bounces only for a fast trade. (my face has been ripped off enough shorting these equities!!) I am and shall continue to be Short Oil to $38.
I am and shall continue to be long of Gold and Silver Calls options.
when this thing going to go down.....i short this big biggggggggg
+2 Reply
watching oil tomorrow, could spike down, bringing this all down. we will see, inventories will tell all.
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