Archive for June, 2013

Fri 28 June

28 June 2013 - 2:25 pm UTC

DXY daily & weekly & monthly charts are increasingly bullish
so US Dollar rally is close…
 
 
30 year T-bond & TLT monthly charts show probable head
& shoulders pattern [ie bearish]
 
 
Equities: http://trader618.com/2013/06/21/fri-21-june

Thurs 27 June

27 June 2013 - 6:15 am UTC

SPX buy support confirmed & results in yet another mega
squeeze.
 
SPX buy support continues.
DXY pullback expected after recent spike up.
 
 
 
Equity shorter term bullish activity does not alter the big
picture which guarantees a Wile E Coyote collapse as bearish
long term monthly charts continue to roll over.

DXY [US dollar] shorter term bearish activity does not alter
the bullish big picture warning of a substantial DXY rally
once equities collapse.

Wed 26 June

26 June 2013 - 8:21 am UTC

Looks like Kevin Rudd will replace Julia Gillard as Australian
PM in about one hour…

SPX buy support from yesterday continues.

Wile E Coyote impending equity collapse continues as monthly
charts roll over.

The Hilsen Ramp

21 June 2013 - 6:47 pm UTC

READ WHAT OTHERS THINK OF TODAY’S MARKET
ACTIVITIES.

June 21, 2013
Analysis: Markets Might Be Misreading Fed’s Messages.
blogs.wsj.com/economics/2013/06/21/analysis-markets-might-be-misreading-feds-messages/tab/comments

There are 39 Comments

1:07 pm June 21, 2013
Greg wrote :

This guy is a disgrace to journalism. He is not a journalist; he is a stenographer.
1:09 pm June 21, 2013
Anonymous wrote :

My god, this is ABSURD.

Bernake has completely lost control. Now, were down to these ridiculous Hilsenrath articles to try to manipulate the markets? How is this even legal? Why is the SEC not engaged on this garbage?

Hilsenrath is nothing more than a soulless, vapid, puppet for the Fed. I don’t know how much he’s getting paid, but I hope it’s worth his dignity. Because that’s never coming back. He and Leisman can hang out on the beach with their ill-gotten paychecks and towel snap each other all day.

PATHETIC!!!!
1:11 pm June 21, 2013
Anonymous wrote :

This kind of BS has to stop, Jon.
1:12 pm June 21, 2013
Greg wrote :

This guy is a disgrace to journalism. He isn’t a journalist; he is a stenographer.
1:12 pm June 21, 2013
Anonymous wrote :

LOL…you have to be joking. Am I being punked? Where’s the camera?
1:12 pm June 21, 2013
These are not markets wrote :

Did Jonny give his masters on Wall Street enough time to buy the dip before he put out this garbage? You’re a clown Hilsenrath – but you already know this.
1:13 pm June 21, 2013
press-flat wrote :

I believe there is nothing the Fed won’t do to avoid the economy going into recession including buying stocks…which means we will remain on this course until we crash and fall into a prolonged depression.
1:14 pm June 21, 2013
Sandy wrote :

I too agree with the sentiment shown by other comments. Who is this guy to go around manipulating markets? There is no trust left in the system.
1:15 pm June 21, 2013
Heli-Ben wrote :

Good for a big POP in the market.

And Bernake and Wall Street wonder why retail won’t touch this smoldering pile of corrupt trash with a 30 foot pole.

Of course, the SEC is allowing the big players to rape the system rotten again.
1:17 pm June 21, 2013
Anonymous wrote :

What is it Hilsy?

Let me guess, there’s a friggin’ truckload of SPX puts at 1,600 and Ben needs a plausible excuse to ramrod the it over the mark to hump the put holders.

Right?

Here comes the 1,600.01 close.
1:19 pm June 21, 2013
Anonymous wrote :

Watch this coward drop this and then refuse to participate in the conversation.

What a patsy this guy is. Of course, I’d love to know how many call option he and his cronies placed just before this was published. Naturally, we’ll never know.

Zimbabwe level corruption, at this point.
1:21 pm June 21, 2013
Boy Ramper wrote :

Stupid algorithms fall for this garbage.
1:22 pm June 21, 2013
Zerohedge wrote :

So, there we have it now on Zerohedge.com

‘Fair value’ of the S&P 500 should be 1,800.

I hear you, Comrades. Now, lets focus on the bountiful wheat harvest and increasing the chocolate ratios.
1:24 pm June 21, 2013
Pumper Humper wrote :

I’d sure love to know how much Jon Hilsenrath just profited, personally, from this article. I wonder if he’ll show his own trading activity.

He doesn’t violate securities laws, so it shouldn’t be a problem.
1:26 pm June 21, 2013
WolffRP wrote :

Don’t mind Hilsenrath trying render the Fed guiltless, but the reason the markets plummeted was because of the rapidly rising interest rates imposed by banks, which Bernanke said nothing to dissuade.

The Fed’s problem is that it’s strategy is being subverted by the banks and it is not providing the leadership necessary to get them in line with its own strategy. What frightens investors is that this looks too much like 2008 with the banks subverting government strategy for economic recovery for their own gains without any collaboration between them.

Hilsenrath missed the whole real dynamic of what happened.
1:27 pm June 21, 2013
Max wrote :

This kind of crap is why I dropped my Wallstreet Journal subscription.
1:28 pm June 21, 2013
rp8085 wrote :

What the heck is this garbage???
1:28 pm June 21, 2013
Anonymous wrote :

So, what is this?

We all listened to what Ben had to say. He’s not able to speak for himself? He needs to call his towel boy, Hilsenrath, to re-write his own words like this?

Seriously…what in the world is this?
1:31 pm June 21, 2013
Curtis wrote :

You guys are giving the author WAYYY to much power.
1:32 pm June 21, 2013
Rantly McTirade wrote :

Instead of simply bitching, contact every congresscritter you can to put Hilsenrath in front of a committee hearing.
Also, boycott WSJ advertisers and tell them exactly why. Hilsenrath gotta spouse? Find out where she works and id the place and call for a boycott, etc., till she’s fired. Siblings, parents, associates-do the same. Social
ostracizing, shaming and economic ruination are underappreciated tactics these days.
1:32 pm June 21, 2013
Mar wrote :

This has just jumped the shark Jon. You going to post an emergency piece for every 5% correction?
1:34 pm June 21, 2013
Mortimer Duke wrote :

TURN THOSE MACHINES BACK ON…TURN THOSE MACHINES BACK ON!!!!!
1:36 pm June 21, 2013
Anonymous wrote :

John Hilsenrath is the financial equivalent of the Vichy French government in WWII. He has sacrificed his soul to Hell so he can continue to fellate the Fed and the rest of the banking cartel. What a pathetic excuse for an American.
1:37 pm June 21, 2013
Muppet wrote :

We hit rock bottom and Jon Hilsenrath emerges with a pick axe.

Congratulations. We are now in full flea circus mode.
1:37 pm June 21, 2013
Kierkegard wrote :

Fed may be reading too much from the market. Step away from the market and concentrate on the economy, not the stock market. They are not the one and the same. There is already more than enough money pumped into the markets (with SOMA approaching 25% of GDP and majority positions in may debt securities).
1:42 pm June 21, 2013
Anonymous wrote :

How out of touch can Bernake be to think this will be soothing to retail investors.

This just reeks of desperation and speaks to have truly fragile and fraudulent the situation is. But, that’s always the problem with academics. They simply don’t ‘get it’.

The more of this crap they do, the worse it is and the more it becomes apparent how utterly awful the situation is.

Clueless. Completely and dreadfully clueless.
1:43 pm June 21, 2013
Rick Santelli wrote :

Why didn’t they ask Rick Santelli to write the article as a guest? Oh yea, he has integrity and self respect.
1:46 pm June 21, 2013
Anonymous wrote :

People like the Hilsenrath should be investigated by the SEC for market manipulation. Enough said.

1:59 pm June 21, 2013
Get Real wrote :

Get Real: There is no Bat Phone going from Bernanke’s office to Hilsenrath’s. Bernanke does not give any privileged communication to Hilsenrath. Neither does anyone else at the Fed.

The idea that Bernanke or anyone else at the Fed does is simply a public relations stunt to pimp clicks and sell papers. That the markets actually react to this kind of inane, fatuous stunt only demonstrates how irrational they can be.

If it really bothers you, the sweetest revenge you can take is not to click on Hilsenrath’s postings. Otherwise, take them for what their worth and let it go at that.
2:01 pm June 21, 2013
Yuck! wrote :

Ben’s overly rosy picture of economic recovery was a direct message to the banks: “Raise the interest rates!”

The banks are now making plenty of money off their loans at current interest rates and the offshoot is that the Fed needs to stop the low interest rates it charges them immediately.

Not only do the banks deserve no more support from the Fed turning their declining assets into cash for them – they do not deserve it – and they do non need it.

Stop QE NOW!!!
2:02 pm June 21, 2013
Joe wrote :

Rich people cause so much drama. Why does my government seem to revolve around rich people and their petty bickering?
2:07 pm June 21, 2013
nass wrote :

In addition to propping up stock prices with outright purchases, just wait till you see the increasingly outrageous governmental manipulation of the GDP number (so many ways to do it–and necessary in an environment of creeping interest rates). It’ll make your head spin.
2:09 pm June 21, 2013
Wall Street is RIGGED wrote :

Hey Hilsy – you sure your job title isn’t “Fed Marketing Chief”?
2:09 pm June 21, 2013
Jay wrote :

Hilsenrath, you smirking SOB, seriously, when were you given the order to write this? Yesterday after the close? Timely release, you managed to pump the S&P 14 or so off the lows. Hopefully the market will see this for the BS it is, and make new lows, and hopefully your boy Bernanke will lose a few more hairs in the process, for what he has done.
2:10 pm June 21, 2013
Anonymous wrote :

The pop from the first article is gone now.

Maybe you can release ANOTHER article re-emphasizing that the market should be going up?

Make sure you really, really, really make it clear that everyone misunderstood what came out Bernake’s own mouth yesterday.

Thanks.

Fri 21 June

21 June 2013 - 4:06 pm UTC

2013-06-20_dow_mth8
DOW monthly chart as of 6/20/2013 shows brutal Wile E
Coyote megaphone wedge.
It’s a no brainer.
 
[Arrow is indicative only, as markets don’t travel in straight lines]

Thurs 20 June

20 June 2013 - 2:29 pm UTC

WILE E COYOTE equity descent commencing…

SPX 8 hour chart bearish megaphone wedge morphs into daily
chart megaphone wedge.

Reminder: SOYBEAN daily & weekly chart overbought & correction
definitely expected.

CRUDE OIL daily chart downtrend confirmed.

Wed 19 June

19 June 2013 - 9:16 am UTC

GBPUSD & EURUSD daily chart bearish warning confirmed as
downtrend commences.

SPX 4 hour chart shows megaphone wedge so big move ahead.

GBPUSD & EURUSD daily chart bearish warning continues.
DXY daily chart bullish warning continues.

Tues 18 June

18 June 2013 - 3:25 am UTC

Yep we got yet another SPX squeeze spike.

Major SPX buy support as predicted and this will distort other
markets once again.

Risk of more SPX short squeeze rally…

Once US dollar suppression lessens, substantial DXY rally will
ensue.

GBPUSD & EURUSD daily chart bearish warning strengthens.
DXY daily chart gives bullish warning.

SPX daily/weekly/monthly charts will continue to roll over as impending
Wile E Coyote collapse awaits.

http://trader618.com/2013/06/01/sat-1-june
http://trader618.com/2013/05/31/contrarian-indicators-signaling-a-market-top
http://trader618.com/2013/05/29/the-wile-e-coyote-drop
http://trader618.com/2013/05/28/rallies-caused-by-squeezed-bears-nasty-wile-e-coyote-crash-2
http://trader618.com/2013/05/22/how-to-guarantee-a-crash
http://trader618.com/2013/05/21/rallies-caused-by-squeezed-bears-nasty-wile-e-coyote-crash
http://trader618.com/2013/05/15/the-mega-wile-e-coyote-crash

Thurs 13 June

13 June 2013 - 6:12 am UTC

Another classic SPX short squeeze spike today which just
ensures a worse CRASH.

EURUSD bears get ready…

Overextended GBPUSD & EURUSD daily charts now give bearish
warning.

SPX daily/weekly/monthly charts will continue to roll over as
impending Wile E Coyote collapse awaits.
http://trader618.com/2013/06/01/sat-1-june
http://trader618.com/2013/05/31/contrarian-indicators-signaling-a-market-top
http://trader618.com/2013/05/29/the-wile-e-coyote-drop
http://trader618.com/2013/05/28/rallies-caused-by-squeezed-bears-nasty-wile-e-coyote-crash-2
http://trader618.com/2013/05/22/how-to-guarantee-a-crash
http://trader618.com/2013/05/21/rallies-caused-by-squeezed-bears-nasty-wile-e-coyote-crash
http://trader618.com/2013/05/15/the-mega-wile-e-coyote-crash

Mon 10 June

10 June 2013 - 8:00 am UTC

HEATING OIL & CRUDE & GASOLINE 8 hour charts give bearish
warning.

GBPUSD & EURUSD 8 hour charts bearish warning confirmed.

SPX daily/weekly/monthly charts will continue to roll over as
impending Wile E Coyote collapse awaits.

http://trader618.com/2013/06/01/sat-1-june

http://trader618.com/2013/05/31/contrarian-indicators-signaling-a-market-top