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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
  • S&P Seeking Support 0 comments
    Nov 16, 2012 3:26 PM | about stocks: SPY, SSO, SDS

    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.

    Stocks: SPY, SSO, SDS
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