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Playing the Ponzi
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Why “Playing the Ponzi”? I view the entire monetary and financial system as something of a Ponzi scheme. Starting with currency that is created as debt, and running straight through a global economic model that is based on infinite growth in a finite world. This won’t end well. I’d go a step... More
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Playing the Ponzi
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  • S&P Seeking Support

    The S&P Futures (charts below are /ES, but closely correlates to SPY) appear to be test a trendline from the 2009 bottom that runs through the panic bottom of last year. It seems like this test is probably pretty important.

    (click to enlarge)

    If we close close to even, it looks the S&P may seems to be putting in a mildly bullish setup for next week.

    (click to enlarge)

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Tags: SPY, SSO, SDS
    Nov 16 3:26 PM | Link | Comment!
  • AAPL Testing Trend Line In Place Since 2009 For 5th Time

    AAPL is revisiting a trendline that has been tested and held firm every year since 2009. This is the 5th test of the trendline. Maybe this is where AAPL finally finds support. The problem for the stock may be that this is one source of profit that investors can sell to meet margin calls or off-set losses in other parts of a portfolio.

    (click to enlarge)

    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in AAPL over the next 72 hours.

    Tags: AAPL
    Nov 16 10:04 AM | Link | Comment!
  • XLF Testing Trendline Support From 2009 Bottom

    The Financial sector has been out of the news for a while and broke above a downward trendline from the 2007 top earlier this year... but XLF is now testing support at its thrice-tested rising trend line from the 2009 bottom and 50 day moving average (after being rejected at the 200 day).

    (click to enlarge)

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Tags: XLF
    Nov 15 3:29 PM | Link | Comment!
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