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Gregory Mannarino's  Instablog

Gregory Mannarino
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I started my financial career working for the securities and trading arm of the now defunct Bear Stearns before thedot-com bubble. I am an active trader of the capital markets. I have published several books pertaining to finance, global economics, and equity trading; My most recent book is... More
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  • Another Look At XLF Moving Into Next Week.

    On the 11th of this month (just six days ago) I wrote a short article where I posted the chart below. Here is also a link to the article itself, With Financials Reporting Next Week, Lets Look At A Chart!

    Below is the chart I posted six days ago on (NYSEARCA:XLF).

    (click to enlarge)

    In that article I went over a specific technical pattern, known as an ascending triangle, and what we could expect moving forward. Well that proved to be spot on as we did get a pop higher however, with today's nearly 300 point fall in the DOW does that mean it's over?

    Lets look at the chart below from today of XLF.

    (click to enlarge)

    As you can see, I again outlined in red the ascending triangle and the pop higher in green. But you will also notice the selloff today from that move higher as today's drop in the DOW managed to pull XLF down to major support.

    If XLF does not bounce off this support level there may be a significant move lower however, if the price action makes a run to the upside it may also be substantial.

    The bottom like is this: if you are long XLF you need to watch it closely moving into next week.

    Happy trading!

    Apr 17 6:15 PM | Link | 2 Comments
  • Danger Zone Ahead As Stocks Enter Bubble Territory.

    The current Federal Reserve created "risk on" environment is as deliberate as it is fake.

    Direct asset price manipulation by the Federal Reserve unlike anything which has ever been seen in the history of finance has been occurring since the 2008 crash, and is going to cause a global financial meltdown unlike the world can imagine. On purpose.

    The current financial environment being driven by world central banks, none more so than the Federal Reserve, is not just one of risk, but a deliberate ploy to boost the stock market. How? By the Federal Reserve artificially suppressing interest rates investors simply have no other place to put their cash. This has allowed the stock market to reach valuations grossly outside the norm. The average S&P PE Ratio is 15, today we are north of 20. Further, the amount of cash investors have borrowed (margin debt) stands near record highs.

    CNBC-"Borrowing to buy stocks, as measured by the NYSE monthly margin debt figures, ended 2014 at its highest level relative to the size of the U.S. economy since 1929. In absolute terms, it's the highest ever."

    The current "risk on" Federal Reserve induced environment has created a massive bubble in the stock market, make no mistake about it-this is deliberate and has been done many times before. The Federal Reserve is a serial bubble blower which front-runs the markets for the worlds investment banks. It is these same banks which own the Federal Reserve. Further, the Federal Reserve is not a part of the government, but is a private entity complete with it's own Federal Reserve Police Force.

    The Federal Reserve intentionally creates bubbles and distorts asset prices to create opportunity for the institutions which own it, and theirs is not in the interest of the general public.

    After the Federal Reserve is done inflating asset bubbles and twisting the free markets price discovery mechanism, it allows these bubbles to burst. This "bursting" of the deliberate Federal Reserve created bubbles presents even more opportunity for the banks which own the Federal Reserve. As (the stock market in this case) begins to roll over and sell off, these same investment banks bet against the market by buying "puts," and all the cash which the average investor has placed into stocks is legally stolen. This process is repeated over and over again and no one even bats an eye over it.

    Apr 16 6:45 PM | Link | 10 Comments
  • Without Returning To A Free Society America Is Doomed.

    In a free market system the price for goods/services are made between sellers and consumers. The forces of supply and demand dictate fair value and are not set by any government, monopoly, or outside force.

    Do you want to have the freedom to choose your own destiny or not?

    Earlier today I did a video blog titled: Without Returning To A Free Market, America Is Finished. In that video I tried to get people to think about why it is that America is failing, and will continue to do so until such a time that we return to a free society.

    Today in America there is a move by many to blame capitalism for societies woes when in reality it is the polar opposite. Much of this comes from a government Hell bent on building a two tier society while pushing the narrative of equality for all.

    In a free society all individual freedom is linked to the free market. Without a free market it is the few who dictate what is good for the many. In a free market society it is the people themselves who dictate what is good for the many across the spectrum. Freedom of ideas, religion, expression, etc. If we do not return to a free market system America will join the ranks of the many failed societies which litter the history books.

    If we allow America to continue to fall away from the doctrine of a free society and free market, principles which have allowed our country to prosper, individual liberty will also be lost. Choices which you now take for granted will be made for you by a new ruling class.

    Stand up for a free market economy now because if you don't, you are going to wish you did.

    Apr 15 5:50 PM | Link | 2 Comments
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