August 7, 2013

S&P 500 Analysis after closing bell

  • First chart shows bearish price action in daily chart But daily TF is yet to close below 20 Day SMA and the crucial swing low of 1676.
  • Immediate support at 20 Day SMA which is at 1688. So initial weakness on closing the day below 1688 levels.

1 comment:

  1. On Tuesday, August 6, 2013, the world passed through peak prosperity, and peak stock wealth, as all forms of wealth, Gold, GLD, Silver, SLV, Commodities, DBC, World Stocks, VT, The S&P 500, SPY, Major World Currencies, DBV, Emerging Market Currencies, CEW, and Credit, AGG, traded lower, as the Interest Rate on the US Ten Year Nogte, ^TNX, traded higher to 2.64%, on the exhaustion of the world central banks’ monetary authority.

    Nation states are no longer sovereign governors of economic and political activity, and are unable to provide seigniorage, that is moneyness, to investor’s choice of investments, currencies and credit, which featured a moral hazard based prosperity.

    The Milton Friedman Free to Choose banker regime is no longer able to support Liberalism’s policy of investment choice, and its credit schemes, such as the debt trade of junk bond investing, JNK, and the currency carry trade of Eurozone investing, EUR/JPY, and the safe haven trade in US Banks, KRE, and the credit responsive US Small Caps, IWM, as the monetary policies of the world central banks, especially those of Ben Bernanke of the US Federal Reserve, have crossed the Rubicon of sound monetary policy, and have turned “money good” investments bad, as evidenced by the failure of Treasury Bonds, BWX, at the hand of bond vigilantes, calling interest rates higher, as well as the failure of currencies, such as the Indian Rupe, ICN, and the Brazilian Real, BZF, in ongoing competitive currency devaluation, at the hands of currency traders, selling currencies short.

    With the failure of all forms of fiat wealth on August 6, 2013, Jesus Christ, acting at the helm of the Economy of God, that is in Dispensation, seen in Ephesians 1:10, has pivoted the world from the paradigm of Liberalism into the paradigm of Authoritarianism.

    The Beast Regime of regional goverance and totalitarian collectivism, seen in Revelation 13:1-4, is now rising as the sovereign governor of economic and political activity, and to provide seigniorage, that is moneyness, to nannycrats and their regional statist rule over the factors of production, enforcing Authoritarianism’s policies of diktat, and schemes of debt servitude, establishing austerity over all of mankind.

    The world central bankers, together with The Too Big To Fail Bankers, RWW, The European Financials, EUFN, and the Far East Financials, FEFN, defined Libealism’s money; and the Asset Manager, BLK, WDR, EV, STT, WETF, AMG, IVZ, CNS, AMP, PFG, LM, BX, FNGN, and BEN, seen in this Finviz Screener, coined Liberalism’s money.

    With the August 6, 2013, financial marketplace trading, many are starting to distrust bankers and the institution of banking. Beginning with the announcment of QE 3 on On September 13, 2012, the very nature of credit and money started to become not only inflated, but dangerously warped and distorted, so that now, the world central bankers and their policies no longer can serve as the basis for economic and political activity.

    With the rise of the Interest Rate on the US Ten Year Note, ^TNX, on August 6, 2013, to 2.64%, Liberalism’s fiat money system died; and Authoritrianism’s diktat money system now serves as trust, medium of exchange, wealth and power.

    From August 6, 2013, forward, nannycrats, will set the rules for the formation of the new money, that being diktat money, which will determine everything else.

    Diktat money is defined as the compliance required, as well as the trust that is engendered, the debt servitude that is enforced, and the austerity schemes that are experienced, such as heavy losses on large bank deposits via bailins, levying additional taxes, privatizations, and sale of a country’s central bank’s gold reserves, when sovereign regional leaders such as Jeroen Dijsselbloem, and Michel Barnierm, as well as sovereign regional sovereign bodies, such as the ECB, invoke mandates for regional security, stability, and sustainability.