Friday, August 30, 2013

Special Relationship and Other Death Cult Expendables

Could it all be about to come unglued? Could "bail-in" of hopelessly insolvent titans of tyranny called "too big to fail" prove the least of our troubles: a minor consequence proceeding from a much grander ruse?

Today's ascending threat is global conflagration. Consequent financial chaos this looming possibility of world war portends likely will create an enemy image possessed by an illusion tailor made for snow cone sucking Eskimos masking the true culprits whose death cult is a centuries old scourge with roots now running deep into the institutional foundations of the United States itself. Secretary of State Skull & Bones as advocate for al Qaeda represents a rather obvious subversion to be sure. Yet we would be foolish to assume he is any less expendable than, say, Citigroup. Both in fact are vulnerable objects—playthings—of a Venetian modeled oligarchy with all the moral fiber of a dyed in the wool Nazi. This oligarchy is the enemy of mankind attacking sovereign states the world over. By no means is the United States immune, either. Indeed, this truth is exposed by such complete depravity as brings supposedly well-educated, American men and women to become unprincipled, lying facilitators of insane, bearded thugs. What's more is the fact this state of affairs is as deviously intended as a banking system stuffed to the gills with more worthless garbage than the CIA could ever dream of recruiting into its Arab Foreign Legion.

Truly, were today's Venetians the least threatened by any of this, then surely the trouble would be rubbed from existence. Yet there they all are. So-called "diplomats" and fundamentalist goons alike, both armed to serve as useful fools and nothing more by the very same inhumane enterprise. We would be wise to keep in mind the common ground shared by a corrupt oligarchy's several tools. Each and every one in its own right is completely bankrupt.

September certainly is shaping up for a flurry of deceptions, all made for spinning a Big Lie whose end we might reasonably suppose would further enslave to today's Venetian death cult the vast majority of naive, trusting souls who soon could find their lives threatened like never before.

Diseased subversives to the inalienable rights of man in truth posses power no greater than a puppet animator and rather easily could be subdued were Congress only moved to "Seize the Fed!" No matter what, remember this, and demand it like your life depends on it, because the fact of the matter is it does.



Don't look now, but Chuck's 30 got dirty in August with a negative outside month. It appears, then, these lords of globalization whose emerging markets were throttled are sending smoke signals from Venetian savages who clearly are moving with haste in an insane adventure threatening to set the world on fire.

So, yes, it could all be about to come undone, and a break in the U.S. - U.K. "special relationship" is as ominous now than in 1931 when the Bank of England defaulted and sunk the United States to the depths of the Great Depression.


Word on the Street
* * * * *
© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.


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Thursday, August 29, 2013

Dark Cap Disparity

With no solid technical indication yet of a pending turn higher—indeed, there's a better technical case supporting further weakness ahead—the widening performance disparity between large caps and "dark caps" (the new name for NASDAQ) really is bugging me because the latter's resiliency rather suggests that, as long as the exchange can remain open during normal business hours, there's a possibility we could see a blow off a la 1999, early 2000.



True, on the top side NASDAQ's momentum is lagging relative to early 2012 (see PPO, top panel), yet on the bottom side there has been no sign of any momentum degradation at successive higher lows since October 2011 bottom. What's more, since June 2012 bottom NASDAQ's momentum has failed to reach a positive extreme putting dark caps at greater risk of coming under pressure (see late-2010, early-2011, as well as late-March 2012).

So, maybe I should take back last week's labeling a "sucker" those claiming underlying strength in the face of NASDAQ's darkness. Then again, let's see what further weakness develops over coming days, and then ascertain whether long-term resistance is likely to remain intact subsequent to seeing some indication a turn higher is at hand.


Word on the Street
* * * * *
© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.


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Wednesday, August 28, 2013

American Electronic Army Pushback

Today we learn the Confetti Fed's drive to be the gold standard in insolvency will be turbocharged once it begins its tapering. Evidently, the Fed will focus all its tapering on Treasuries while keeping MBS purchases intact. Brilliant! Beyond broadcasting in neon lights the fact that, the entire banking system over which it lords is gone, transparency exposing the Fed a criminal enterprise will only be furthered as a result. We certainly must wonder, too, what this "forward guidance" will do to accelerate the push in Congress to reinstate Glass-Steagall.

Now, for the sake of continuing their leveraged buyout of America we might expect insolvent albatrosses to pick up the slack for Confetti, but at the cost of further curtailing their lending (you'll have to read the article to understand). Still, this assumes a negative feedback loop can be somehow subdued were rates on credit securities—particularly U.S. Treasuries—to skyrocket. There are so very many systemically threatening vulnerabilities, while only so much hot money to go around. Likewise, whether the criminal bailout of fraudulently created mortgage backed securities could sustain appearances of the banking system's solvency in the face of distress-driven, global panic somewhere high up in the capital structure is entirely doubtful (and remember, at the highest rung in a Dodd-Frank, Title II "bail-in" are derivatives whose notional value is in the quadrillions). Just like everything else in our midst today we simply must assume unsustainable arrangements have a larger purpose. To wit, a "leveraged buyout" whose margin collapses increases odds of distressed sales serving to consolidate assets into still fewer hands.

Truth is the Big Lie venturing a big war exposes a banking system positively desperate for tribute, and fast. On that note, kudos to Team Fraud's intelligence services whose "Syrian Electronic Army" (trained at Trump U?) were the joke of the day in the push for still more blood and treasure needed to keep an insane oligarchy in the driver's seat in their race to destroy sovereign nation states the world over. Of course, this effort comes at the inevitable, necessary expense of pitting disposable assets against one another. Such is the price of all being stuffed with trash, a reality making today's Venetians extraordinarily weak in fact and quite vulnerable to containment were the United States Congress only moved to "Seize the Fed!"



First evidenced above we see how yesterday's decline was not as technically damaging as was the market's decline on August 15th, when the 3rd wave of 5 waves down from early-August peak largely unfolded.

Presently, we should keep our eyes pealed for some indication suggesting a sustained lift is likely forthcoming. This possibility would be heightened should technical circumstance like that registering in June, and April before that, come to pass (marked by red dots). Having detailed this same circumstance several times before, I'll skip repeating specifics and tonight defer to a general thought in the context of "the leveraged buyout of America" linked to above.

The fundamental facts Ellen Brown discloses in her article certainly have been technically substantiated to no end here over the past several years. Be it fading volume indicative of a retreating retail investor, or the tricks of the trade goosing the market higher exposing insolvent albatrosses increasing their stake at the bottom rung of the capital structure (today's JCP pickup by Citi being a timely case in point) while at the same time insisting of those among a persistently fading demand they pay up if they, too, want a piece of this trash. All well and good is a market increasingly vulnerable to falling of its own weight in the grand scheme of what has passed following 2008's collapse, yet if circumstance allows continuance of what we otherwise predominantly have found to be technically unjustified, then we are "forewarned" in a manner like that displayed above in April and June (and many times previously, which we have documented). So, tonight, knowing more about "who" is behind this, while strongly believing their gig is positively unsustainable, we still are alert to possibility their ruse could continue.



I thought it might be useful to contrast conditions on "the stock exchange for the next 100 years."

First, yesterday's NASDAQ trade was technically more damaging than on August 15th, unlike what occurred on the NYSE. Still, NASDAQ continues holding up like a hope-filled champion, at least relative to the NYSE.

And second, much like on the NYSE advancing issue participation coinciding with NASDAQ's advance this year has been fairly muted, save for the first day of trading on January 2nd. At the extremes we see a good bit more declining issue participation coinciding with NASDAQ declines, too. Normally, we might suspect this a healthy indication of fear accompanying NASDAQ's advance. However, where are animal spirits?

Or, asked another way, what will it take to pique an increasing retail interest? As Confetti has, as intended, miserably failed, we have the answer...

SEIZE THE FED and start financing a physical economy worthy the 21st century already!!




Word on the Street
* * * * *
© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.


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Tuesday, August 27, 2013

Snow Cone Sucking Eskimos

All the way around today's loss was not as technically damaging as we otherwise might have expected, given a gap lower at the open and a persistent downdraft into today's close. Technical damage done on August 15th was objectively worse than today's, and this with rising energy prices not quite as threatening as was today's crude oil ramp.

So, with the main prop to an insolvent banking system made a bit sturdier today (this being an energy market imposing a back door tax increasing the banking system's cash flows, as well as providing a stabilizer to the U.S. dollar's exchange rate value)—the likes being all the more buttressed by bellicose Venetian puppets whose al Qaeda pets keep barking for protection, as if on command—while Team Fraud media tools furiously confuse their intended victims (which today were neither Syrians, nor Russians, but rather the casino's most naively trusting patrons) who like Eskimos in December consume cherry snow cones amidst a blinding blizzard freezing them in place while thieves steal their whale blubber, thus did today's drubbing at the bottom rung of the capital structure evidently pay for the thieves' masks.

Of course, such costly aid given a hopelessly insolvent banking system cannot go on indefinitely, as the effect increases resentment toward "the man" who demands evermore sacrifice in both blood and treasure, and so pushes the masses ever nearer the moment these finally come to their senses and in unison shriek, "Seize the Fed!"

The question we have to ask ourselves right now is whether the U.S. Treasury is vulnerable enough to be promptly threatened and made perfectly prostrate to wretched thieves who threaten a calamity not at all in their power to impose without challenge—a second Great Depression—this to detract from a most desirable and necessary restructuring requiring formation of a national bank whose credit creating capacity will be needed to fill the gaping hole no gaggle of bankrupt albatrosses could possibly cover even if they were willing. Or must the enterprise seeking the unwitting destruction of the United States in practice (assuming this is not already accomplished in fact) first bring to climax its satanic ritual pitting Muslim against Christian, then all against Jew, doing this by blowing up the Middle East one nation at a time (which task already is largely completed), and so ready an expanding conflagration that, in rapid succession would venture to keep snow cone sucking Eskimos both blinded and frozen while the last of their treasure is stolen, right down to the lives of their own children?

Both options clearly are on the table. For the time being, though, we might side with the first, and thankfully, as the latter option already has many cracks exposing just how weak today's oligarchy really is. Yet to celebrate this fact could prove a fatal mistake, as necessary restructuring simply cannot be delayed much longer, and the form this takes in the battle straight ahead (as in the minute Confetti begins his "retirement") could put the United States on a fast path to its extinction. The insane intrigues the U.S. ruling class has engaged over recent decades surely have greased the skids, while a once robust physical economy transformed into a grand casino leaves a crumbling foundation on which dull, lifeless victims resign to believe this is just the way it is and can be no different, rightly blaming government, while not having the foggiest notion of their own part in acceding to being robbed blind. "A republic if you can keep it," indeed, Mr. Franklin.



5 waves down from early-August appear near completion. Relatively dead volume is garbage falling of its own weight notwithstanding conventional wisdom the Confetti Fed cannot soon exit its determined effort to become the gold standard in insolvency. Maybe Confetti cannot exit, but his successor surely must judging by that conspicuously hushed, bi-partisan consensus whose determination to force Confetti's retirement has delivered scarcely a peep from Team Fraud's media networks.

Meanwhile, emerging markets continue to crater, and in the scramble to resist domestic currency collapse sell reserve securities, thereby assisting Team Fraud's squeeze of the U.S. Treasury—an effort finding no shortage of insane monetarist ideologues in all the wrong places in government...


Word on the Street
* * * * *
© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.


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Monday, August 26, 2013

Dennis Gartman: Financial Advisor to Al Qaeda?

Me? A slave to the internet search engines? You got me! Still, the question raised is a legitimate one. What is Gartman thinking calling Secretary of State Skull & Bones "weak" when it is obvious to everyone who isn't an imperialist lackey that, whatever happened in Syria last week (if anything at all involving chemical weapons, indeed, occurred) all too likely was not an act of the Syrian regime of Bashar al Assad?

For all we know, the entire "incident" was filmed in Doha for the exclusive consumption of mush heads in the west, much like was done a couple years back when al Jazeera was on the front lines in Libya attempting to convince its Arab audience that, Tripoli had fallen and Gaddafi overthrown. Truth was the entire thing had been staged in Doha on a movie set made to look like Tripoli's Green Square! So, dead bodies and crying Syrian children no more tell the truth than dead German prisoners dressed in Polish Army uniforms. Of course, you can't tell that to a Queen Ponzi who is as dedicated to the imperialist cause as her husband.

As for Secretary of State Skull & Bones conviction (video-based, all being posted by so-called "activists") that, chemical weapons in fact were used by the Assad regime, and this no matter what, if anything, U.N. inspectors discover, well, we can all look forward to corroboration from former Secretary of State Colin Powell, another graduate of the Little Hitler School that is the U.S. State Department. No doubt, that other former Secretary of State under President Obama, Jackboots Jane, will be stepping up to the plate any minute now with her expert [pre-presidential candidate] opinion on how to wave a swastika so fast it appears red, white and blue. But speaking of the actions of "a government with nothing to hide," much as Skull & Bones impugned does not characterize the Syrian government following its "attack" last week, what are we to make, then, of a U.S. government that, with all haste removed the remains of the World Trade Center and had its steel support beams melted down? They couldn't do this fast enough! Was this because there was something to hide, Mr. Secretary?

Now, really, if these people masquerading as "leaders" are gone—out of their minds—what does that make Gartman? Do I answer in the affirmative, then, my own question?

On a lighter note, Donald Trump. (I said "lighter," not "lightweight." LOL!) We might better recommend the "when in Rome" defense to the Donald and thank him for confirming that, the new Rome is the United States of Make Work and Money Grab...



It appears we have a "responsibility to protect" fail with al Qaeda taking a swift boat out of town once our peace-loving Secretary of State had finished his finely polished Goebbels act. Fortunately, there's a good chance NASDAQ might not even open for business tomorrow, so "the stock exchange for the next 100 years" (why not 1000?) was spared the full brunt of revulsion, as croakers among us who boast of U.S. capital market transparency were in fact proven last week to much prefer darkness. Besides, as long as there still is electricity, then the sky's the limit for Tesla...


Word on the Street
* * * * *
© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.


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Friday, August 23, 2013

Pointing the Guns of August at Imperial London and Paris

Evidently, there are distinct advantages to being surrounded by economies more hopelessly insolvent than our own. Of course, it doesn't hurt having an unpenetrating media with all the critical objectivity of Goebbels creating a fog so thick as to make a swastika appear a red, white and blue, star spangled banner. To wit, when the attractiveness of an opaque house of cards is not compelling enough to coax hot money into the dollar-denominated garbage carry trade, there's Team Fraud's media playing up a cause led by bearded fanatics over whom is leverage making the Fed appear downright prudent.

Venetians pitching a "responsibility to protect" certainly must be cursing up a storm over this newfangled internet thing, though. Selling deception is just not as easy as it once was. We might even suspect the recent spate of electronic infrastructure failures could be part of a project aiming to assist the Big Lie when only a force-fed whopper will do.

There is just one reason why Venice on the Thames, her wine swilling Vichy surrender monkeys and Ivy League misanthropes alike need a big, big war and fast: the crushing burden of a collapsing banking system is raising the probability a mass uprising of the first order in this moment of relative peace will demand central banks be nationalized, that real, constructive, productivity-enhancing progress find financing, and so permanently derail the Venetian project to destroy the sovereign nation state.

The post-Bretton Woods scam captivating sovereigns the world over in a massive debt trap masked by a seemingly limitless casino called "the free market"—a rigged enterprise increasingly dependent on swindle for its survival—has reached the point where calamitous crisis simply is unavoidable. Again, we should see Confetti's forced "retirement" in this light. Likewise this week's attempt to sell a supposed chemical weapons attack in Syria, the likes of which curiously ignores those several recent incidents where bearded fanatics were caught red handed trying to pin the Big Lie on Syrian sovereign authorities. For the second time here we demand proof this insanely illogical charge against Syria is legitimate, and this from something other than so-called "activists" on the payroll of Team Fraud's intelligence networks.

Absent this, the guns of August instead might be better pointed at London and Paris, where imperialist scumbags leading the charge in the call for war against Syria should be made aware right from the get-go that, America is ready to give them much more than they bargained for. It is not enough President Obama be forcibly compelled to seek a declaration of war from Congress, that this charade targeting Syria be continued. The time has come for the United States to move its nuclear armed submarine fleet into the English Channel and begin the debate over which capital should be turned into a parking lot. What honor, too, we could give President Lincoln's patriotic defense of the union by asking the one-and-only sovereign ally the United States had in its war against the Confederacy—Russia (more detail here)—to join us.

Mind you there is no need to talk a dour book when today's hopelessly insolvent trans-Atlantic banking system does all the speaking, and then some. Yet as regards unforeseen outliers some suggest will more likely precipitate this rotten banking system's catastrophic collapse, a U.S.-Russian alliance against a Venetian modeled oligarchy actively subverting sovereign authority through deception as ill-suited to fly as a bunch of cave dwelling, fundamentalist fanatics conveniently finds the present moment ripe for change as revolutionary as yesterday's American War of Independence. Just how we get to this point where today's potential to make history becomes a new reality positively influencing mankind's creative capacity for many generations to come most assuredly might begin with a call to arms in three words: Seize the Fed!




Word on the Street
* * * * *
© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.


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Thursday, August 22, 2013

Seconds From Midnight

Who needs markets? Only a gaggle of hopelessly insolvent albatrosses desperate for suckers to whom to feed their fraudulently levitated garbage! You just can't do that when markets are closed.

In an era when a bunch of cave dwelling, monkey bar climbing, dog gassing, bearded fanatics who couldn't fly a kite prove capable of hijacking commercial jet aircraft, and with well-coordinated military precision not only ram these planes into major, steel structure buildings, but cause their catastrophic collapse through the burning of mere kerosene (albeit the "special" kind that burns for days on end), executing this operation in the front yard of a nation that spends more on its defense and intelligence than all other nations on earth combined, well, just about anything is possible. Finerman's observation that, a better day could not have been picked for NASDAQ's 3+ hour "glitch" disabling trading on the exchange is only the more interesting to ponder.

Still, anyone claiming "abundant investor confidence" brought the market zooming higher once NASDAQ opened late in the final hour of today's trading quite simply is a sucker. There's no other way to put it. Rather, this is one of those moments where a conviction claiming markets are "rigged" might be reasonably argued. "Yes, let's bid up shares we might not be able to sell tomorrow." What! Sorry, but the "logic" simply does not stir the Kool-Aid, particularly as deafening silence from NASDAQ persisted throughout the afternoon and straight into today's close. Anyone with a functioning braincell rather ought rightly be panicked!

It is, however, for the cause of appealing to suckers that, a manufactured melt-up on the back of what otherwise should be regarded a confidence-killing "glitch" might be necessary here if bailout junkies are to make the best of Confetti's dying days leading up to the Fed prospectively becoming more criminally "transparent" should Larry Summers get the nod as chairman. As flight from dollar-denominated assets is a real risk made only the more serious in the face of market dysfunction, the appeal to animal spirits a strong surge higher could incite, and so suppress memory of today's mysterious NASDAQ shutdown, seems a more credible possibility given the moment. Not to suggest this is likely, but simply a bit more probable. Trouble is very thinly capitalized, woefully vulnerable vested interests probably are in no position to get 'er done. There are only so many fingers on the hand which to plug still growing holes in the dam. If nothing else, we certainly could reasonably anticipate volatility's increase over coming days, though.



What do you know. The table is set. Volatility's increase appears a possibility whose likelihood already is heightened.

Bid away, suckers! Bankrupt garbage distributors surely possess an ample supply of wildly overpriced trash to last well into the 22nd century. Were only it possible to further leverage what must become by today's standards an even bigger pile of rubble presently forming the economic foundation of the United States of Make Work and Money Grab. Yet as we are now reduced to so-called authorities desperately talking down interest rates amidst the impossibility of ceasing the hyperinflationary flood driving rates higher, the hour obviously is late. Suckers claiming bounding confidence is driving markets higher even in the face of circumstance where there are no markets at all in which to carry out trading rather suggests we're seconds from midnight.


Word on the Street
* * * * *
© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.


There's an easy way to boost your investment discipline...

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Wednesday, August 21, 2013

Larry Summers: Completing Fed Transparency

Poor Confetti. He is the victim of a terribly expensive Ivy League education on the irrelevant contrast pitting Keynes versus Marx spiced with a dash of Austrian fascism serving to tragically obscure the greatest financial genius the nation and the world has ever produced, Alexander Hamilton: the man who established the means by which lower Manhattan could become the financial capital of the free world rivaling the hub of an imperial slave system run from Venice on the Thames.

Proof of unworthy American leadership is having power to promote the general Welfare and using this rather to subvert it. Therein lies the trouble with the Federal Reserve's "independence," too. Its utter lack of accountability has established the institution as a transmitter of a deadly disease upon the majority of U.S. citizens.

Yet are we to assume this perspective—most relevant of all—somehow is driving Confetti into forced "retirement" (read: "pursuing other opportunities")? Not when the likes of Larry Summers are being paraded as Confetti's replacement. We might instead consider him Team Fraud's bid to complete Confetti's initiative venturing to increase the Fed's transparency. With Summers at the helm there simply could be no doubting the Fed is a criminal enterprise. Given dubious circumstance surrounding his tenure as president of Harvard University leading to his sudden, forced departure from the position, we might even wonder whether the intention behind Summers' prospective nomination as Fed chair is to incite a rebellion among the ruling class! One can only hope. After all, President "Bashar al Assad Must Go" has in fact delivered al Qaeda's smashing in Syria, while having earlier posed as President "Reconciling with the Muslim World" we now see the result is the Muslim Brotherhood being put on the fast path to its demise (not that the latter is any more representative of its namesake than Angela Merkel embodies the essence of a "Christian Democrat").

We might better address here, too, the view of one Felix Salmon, one of Team Fraud's favorite monetarist obscurantists who claims "the chances of the next Fed chair encountering a financial crisis similar to 2008-9 are pretty slim." This conclusion could be considered drawn from clear reasoning only were we to suppose its basis rests on the fact that, the Fed today is far less obviously insolvent than was the case back then. Quite the opposite is true, however. Furthermore, Confetti has not been on a hyperinflationary securities buying binge despite a banking system whose operations are self-sustaining. Rather, the Fed's quantitative easing is the crude means by which the wildcat banking system it euphemistically "regulates" has gained copious quantities of new claims needed to paper over the utter insolvency of old claims on its books. Whereas prior to 2008 this very same dynamic was satisfied via a banking system operating on the lender of last resort's implicit guarantee, now required is explicit intervention whose continued necessity exposes just how shattered is investor confidence in the entire rickety structure of capital markets. Salmon might confuse rising asset prices for "confidence" in the viability of today's extraordinary measures required to sustain the illusion of the banking system's solvency, but it is our longstanding contention rising asset prices are a function of a lemming effect influencing virtual iguanas who, no doubt, are keeping at least one eye permanently fixed on the exits. (No need here to reiterate the physical mechanisms by which the illusion of asset "demand" has been effected, particularly at the bottom of the capital structure.) The only "success" the Fed is having through its QE policy is maintaining modest control over the process of shedding so-called "excess capacity," this while piling on added claims against a diminishing physical capacity to generate wealth needed to sustain the viability of old and new claims alike. There will come a point in this process, however, when its unsustainability will become obvious even to the most dense, dyed-in-the-wool monetarist flunky. The bloodbath emerging markets have been enduring of late suggests that moment is fast approaching, indeed.

Now, having again here raised the issue of "excess capacity" whose shedding the monetarist hack Confetti insanely has relied upon to supposedly subdue inflationary pressures, our discussion need delve a bit into the claim being made by some suggesting Janet Yellen is a more "Main Street" friendly candidate for the Fed's chairmanship than is Larry Summers. If there is anything whose effect continues decimating "Main Street," it is Confetti's intentional policy venturing to manage the shedding of the physical and financial economy's "excess capacity." Yet it simply is not enough to suggest Yellen would be tougher on banks, and thus more "Main Street" friendly. What is she proposing per reversing the collapse of the global economy's "excess capacity"?

Here's a FACT: still parabolically rising financial claims (these particularly at the highest rungs of the capital structure) on a moribund global physical economy require the latter's "excess capacity" become productively utilized, rather than shed, such that new wealth effectively be generated, thus maintaining the viability of all existing claims. Absent this the whole shebang is guaranteed to come down (and I would argue as intended). So, what's Yellen proposing to liberate the Federal Reserve's credit creating capacity such that it not be exclusively dedicated to plugging the hopelessly compromised dike holding up a reckless banking system whose book is marked to fantasy assuming the physical economy's diminishing productive capacity can somehow sustain expanding financial claims against it through the magic of the market (albeit one increasingly deluded by lender of last resort sleight of hand tricks)?

I have not seen a thing detailing Yellen's "Main Street" friendliness on this count. Yet, it's all that matters! Credit made available for employing the physical economy's idle capacity is the only thing standing between the dying illusion that sustains the credibility of today's criminally incompetent Fed and a collapse rivaling the 14th century Venetian banking collapse whose effect brought the Black Death.

Replacing Confetti, then, better be the U.S. House of Representatives, itself. Indeed, no better potential advocate for "Main Street" exists. "Seize the Fed!" positively need become the concerted call to elected representatives. The so-called "forgotten man"—"the 99%"—is a product of a treasonous Federal Reserve evolving in the wake of the formal destruction of the Bretton Woods System of fixed exchange rates on August 15, 1971. Effective redress of circumstance defying every last humanist principle for which the U.S. was formed to uphold and defend (these being eloquently stated in the simple, single-sentence preamble to the U.S. Constitution) requires of citizen victims only insistence of elected representatives that, credit not be reserved a luxury afforded solely those most reckless, inhumane imperialist ideologues who today dominate the boards of what are called "too big to fail" banks.

There positively is no reason why countless municipalities throughout the United States should be facing imminent bankruptcy when there exists so much idle capacity waiting productive employment for the sake of promoting progress whose likes could (and, indeed, must) venture to radically transform the U.S. physical economy to once again become the engine of growth for the entire globe. Without this sort of initiative it simply does not matter who becomes the next Federal Reserve chairperson. Absent any intention to employ today's idle physical capacity (most emphatically millions of unemployed and underemployed Americans), let alone expand what's available to be gainfully utilized, financial assets of every sort are doomed to become as unjustifiably undervalued as they are wildly overvalued today, as is a barbaric relic whose advocates mistakenly believe a store of value impervious to hunger and want. None of this near certain prospect, though, means a thing in comparison to destruction of the United States itself. We might indeed fear this end is in the immediate offing, as well, as it appears no one is bothering to question why Confetti is being forced out by a bi-partisan consensus of the U.S. ruling class. That we haven't heard Team Fraud squawking up a storm about Confetti being put out to pasture naturally suggests something incredibly nasty could be afoot.


Word on the Street
* * * * *
© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.


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Tuesday, August 20, 2013

The Dumber Than Bricks Hit the BRICS

Evidently, the 21st century's call of "liberty" beckoning the world send us their poor, tired masses of hot money needed to prop up a massively debased U.S. dollar is reaching a fevered pitch with recent days' attack on the BRICS. Of course, being about as dumb as bricks, today's gasping relics of 19th century imperialism dominating the wreck that is the U.S. banking system probably are best seen reaching into their bag of tricks with all the transparency of the U.S. Federal Reserve, exposing the very same insolvency besetting every last institution feigning authority throughout the trans-Atlantic.

This would include the Imperial Mobster Front (the IMF) and its gaggle of Austrian wannabes, ever waxing nostalgic for fascist austerity in a devious bid to destroy the very authority of sovereign nation states the world over (with the constitutional republic of the United States at the very top of the list). With a resurgence of nationalism sweeping across Egypt pushing aside IMF playthings and Team Fraud towel boys going by the name of the Muslim Brotherhood, this sudden opportunity for inaugurating a BRICS Development Bank to compete with the IMF is being met with challenge to BRICS member-state resources that otherwise could be made available to finance necessary imports of capital goods a nation like Egypt lacks. Trouble is the effort to financially sequester a resource-rich nation like Russia will require an attack on the very prop holding up the trans-Atlantic banking system—the energy market—through "free market" extortionary tactics hastening the further decomposition of what remains of a collapsing global physical economy.

So, now we must wonder how idiotic will the Obama administration soon feel, having been inclined of late to babble on about a so-called "bubble-and-bust" economy. Today's gasping relics of 19th century imperialism positively need a bust if their unchallenged monopoly on a global fraud regime is to be sustained somehow. Yet there may be no time for anyone in Washington to feel stupid when there exists no better way to establish the "authority" of a delphic oracle without credible policy portfolio whose larger purpose in fact otherwise must be assumed to be smooth talking the U.S. Treasury straight to its very destruction in prostrate subservience to the most massive fraud the world has ever known.

Gotta run and clean out my ears in anticipation of the next round of propaganda about "saving the nation from the grips of another Great Depression." Afterward, it's off to teaching young Americans how to tie a noose, that despair over their inability to find a well-paying job be placated with at least some small measure of hope in the prospect of hanging those whose treason has made this so...


Word on the Street
* * * * *
© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.


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Monday, August 19, 2013

Bubble-and-Bust Babbler As New Team Fraud Tool

Proving the increasing difficulty of covering up the stench of old garbage by piling on copious quantities of new garbage, the U.S. dreamweaver-in-chief evidently is being tasked to the dual mandate of talking down interest rates while paving the way for the next, bigger round of fascist austerity. What else could explain a U.S. president presiding over a still collapsing global physical economy and a financial economy in far worse shape than at the depths of the Great Depression, imploring the dream world he calls a "broad recovery" not be smashed by "the bubble-and-bust mentality that created this mess”?

The greater question here, though, is how soon before the rest of the world figures out talk of Fed tapering and concern over "artificial bubbles" simply is doublespeak for "send us your poor, tired masses of hot money before the U.S. dollar is no longer suitable for wiping ass"?

Must we be the ones to tell this president that, the seditious monsters who prop him up positively need increasingly larger busts, that their scamming for "assets" suitable for sustaining the illusion of solvency continue apace? Or might today's bond market message reading, "bubble-and-bust babble fail" rather do the trick?

In all fairness we should rather recognize hyperinflation-induced, upward pressure on interest rates is a clarion call demanding further destruction of the U.S. Treasury imposed on an administration with a well-worn slave mentality, which reality is far more threatening than any modern-day, deflowered tulip bubble could ever prove. How do we know this? Good god, just look around!

Is there anything being done to aggressively marshal credit for employing the idle resources of countless municipalities whose tax bases are collapsing and threatening insolvency to a broadening number of them? No! Is the federal government's sequester being rolled back now that tax revenues generated by a massively overvalued, hyperinflated financial economy are on the mend? No! Has there been any proposal for modifying the tax code such that equity, rather than debt, is more favorably treated? No! Has there been any widely concerted move to impose a modest 1% tax on a parasitical derivatives market with a trillions of dollars per day turnover, such that current, dollar-denominated debt structures are more assuredly supported? No!

Let's face facts, then. "Bust" is the intention, and the principal purpose of a U.S. president babbling about a "bubble-and-bust" economy with absolutely no policy put forward over his five years in office venturing to reverse this well-entrenched dynamic solely is to perpetuate the very thing he otherwise claims to be fighting. Therefore, if anyone in Congress should agree with the president's thinking, then plainly the first thing that need be done to meet his stated intention is seize the Fed—nationalize it—and force every smooth talking marionette whose largest constituency is a bankrupt Team Fraud to commit to attacking the "bubble-and-bust" economy at its very source, which is the Federal Reserve King Ponzi (Greenspan) built.


Word on the Street
* * * * *
© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.


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Friday, August 16, 2013

Rotting Garbage Revisits Resistance

No doubt NASDAQ's relative outperformance versus the S&P 500 over recent months has been far more decided than was thought likely here back in May. Evidently, the more widely held, higher capitalization trash in the S&P 500 has become so wildly overbought, relatively speaking, and more difficult to rationalize that, despite its longstanding, relative revulsion (a fact testified by a cumulative advance-decline line locked in a decade-plus death spiral), NASDAQ is deemed a more opportune home for mispriced capital manufactured by the Confetti Fed. The question now is where will NASDAQ's Composite index go from here?

It is difficult not to be concerned over the possibility that, NASDAQ could be sent on another "new era" swansong preceding a broadening, hyperinflation-induced revulsion of debt securities whose effect is sure to crush a secondary market stacked with companies possessing more excess capacity than you can shake a stick at. True as it is Confetti has identified excess capacity as providing a "non-inflationary" free pass to Fed policy venturing to prop up a still growing mountain of grossly mispriced debt hanging over it, excess capacity's continued shedding while system-wide leverage is but further increased conceivably could excite animal spirits of captive souls consumed by monetarist fantasies believing the lilliputian Fed a bottomless backstop, and so stoke a NASDAQ melt-up.

Having yesterday noted McClellan Oscillator-related confirmation of NASDAQ's advance since its November 2012 bottom, we really need see this technical measure display increasing weakness before we might more confidently discount possibility NASDAQ is on the verge of another positively insane moonshot.



Yet there's still significant overhead resistance, the likes of which also approximate a prospective neckline to a head-and-shoulders top whose beginning dates back to the mid-1980s. Possessing fair symmetry and a likewise prerequisite spike in volume upon the [upward sloping] neckline's violation in 2008, five years now spent reacting back to the neckline bring NASDAQ's Composite index to this present, decisive moment.

Here, too, we see some interesting technical similarity to conditions existing back in the late-90s when NASDAQ's Composite was approaching its peak. More muted relative strength registering in reaction back up to overhead resistance certainly seems fitting, given a cumulative advance-decline line that has remained in a death spiral since Y2k (the likes of whose recovery since November 2012 appears little more than a dead cat bounce in the grand scheme). That momentum (see MACD) remains positively biased, as well as muted in relation to its Y2k best likewise is fitting prelude to an upcoming, hard turn south should overhead resistance prove insurmountable. Again, given extremely poor advancing issue participation and extremely poor leadership (albeit improving since November 2012, while still generally lagging in the grand scheme), this barrier's breach seems rather unlikely to be sure.


Word on the Street
* * * * *
© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.


There's an easy way to boost your investment discipline...

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Thursday, August 15, 2013

Weakness Hound Finds More Bones to Bury

Not to be a fatalist in an age when chaotic collapse of the trans-Atlantic banking system is a small price to pay for bankrupting the greatest republic ever, but the case for a deadly financial heart attack ending life as we know it blindly consumed by the most massive debt trap ever conceived could use one surer sign of exhaustion typically preceding a dirt nap...



That there NASDAQ McClellan Summation Index has been confirming NASDAQ's march higher every step of the way since mid-November 2012 bottom. Likewise by this measure we yet have to see any increasing weakness registering at higher NASDAQ lows over the interim. How's that for an Elliott "c" wave's typical "dynamic"? There it surely is.

We need to see the shine come off this measure before raising the likelihood of the market's imminent collapse. NASDAQ's McClellan Oscillator might need close out the remainder of August pinned to the negative for its Summation Index to present its first sign of weakness since November 2012.

Taking into account all of NASDAQ's McClellan measures, we might then side with the following Elliott wave count applied to NASDAQ's Composite index...



In other words, the remainder of August likely will deliver technical weakness we need to see in the lead up to the market's collapse.


Word on the Street
* * * * *
© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.


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Wednesday, August 14, 2013

Weakness Hound Visits the Living Dead

Speaking of fading leadership, here's more. Like NASDAQ, the creme de la creme driving a "new era" in wildcat finance—exponents of shadow banking, now "saved" with explicit sovereign backing—likewise find its underlying technical state precariously poised...



Oh boy. What's still positive is on the verge of diving to the negative. As is the case with every other index, either a save nominally stretching gains in the age of Confetti lies in store over this month's remainder, or the bottom just might fall out and rock the world tomorrow.


Word on the Street
* * * * *
© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.


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Tuesday, August 13, 2013

Weakness Hound Sniffs NASDAQ

Rather precarious does NASDAQ's underlying technical state appear at the moment. There's increasing weakness revealed, and this, curiously, while NASDAQ's Composite prints at its best in a decade plus.

If nothing else, NASDAQ's levitation in a tight range over the past week and a half appears an uncompleted corrective wave, while an imminent, violent retreat, a subtly foreboding underlying technical state likewise warns.



Not to ignore positive developments into July, we likewise see negative divergence (indicating underlying weakness) at NASDAQ's early-August peak. Thus, positives more immediately are diminished.

Moving to the present, the question becomes whether seriously fading leadership (seen sunken below its measure's 200-day moving average) bringing NASDAQ's Composite today a shade below its best print in over a decade opens the door to a heart attack, if not wrenching heartbreak, as well?


Word on the Street
* * * * *
© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.


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Monday, August 12, 2013

Casing Treasury

With reason to believe the market could collapse, right here, right now, is reason to believe a good bout of nasty might come nearer the U.S. Treasury Attack Day of October 1, 2013. Evidently, lesser minds of the U.S. Senate need prove the magnetic hold of Confetti's huge wad of funny money, and so come the start of a new fiscal year on October 1st these threaten a federal government shutdown, triggering attendant uncertainty per the viability of outstanding Treasury obligations (notwithstanding the 14th amendment's prohibition) and accompanying ratings agency shenanigans no doubt.

So might the next several weeks prove a slow walk to top, while a heist's objective is cased, leading to bottom falling out...



We practically must accept the possibility the market's levitation could persist some weeks in a manner more or less like that indicated above. Per Chuck's 30 this could be seen finally completing 5 waves up from mid-November 2012 bottom, and so, too, 3 waves up from March '09 bottom (prospectively, of course, yet all the more convincingly, as this same Elliott-based view is seen similarly unfolding across other major indexes).

As for any impending disaster prospectively dwarfing 2008's, we might consider how such an event might hasten the course already bringing the world's two heavily-armed nuclear superpowers at increasing odds. In this realm Team Fraud's object, as ever, is expanding control over resources of every kind. Bankrupt central bank games here are the greased distraction they are in fact intended to be. Herein is the domain of unknowns many expect will trigger financial disaster enough to satisfy voracious parasites otherwise hopelessly insolvent, one and all. Something to ponder in the framework of a technically substantiated, Elliott wave view portending a hard turn south, if not this very instant, then on the immediate horizon.


Word on the Street
* * * * *
© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.


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Friday, August 09, 2013

McClellan Well-Poised For Heartbreak

Looking further under the covers we find substantiating yesterday's dire Elliott wave-based view is the NYSE's internal state, shown to be weakening considerably on an all-important relative basis...



Contrasting the NYSE Composite's early-August peak with its prior May peak, the NYSE's McClellan series has significantly degraded, and really is well-poised to accommodate heartbreak ... even to yesterday's most imminent prospect minimally sinking major indexes to their respective 200-day moving averages, which very well could be merely one step on the way to a much, much worse disaster (as in major indexes quickly falling to within ranges last seen in the 1987-1994 period, a la the ghost of 2008 whose name was "Where'd that come from")...


Word on the Street
* * * * *
© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.


There's an easy way to boost your investment discipline...

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Thursday, August 08, 2013

Elliott In Ready To Blow Mode

All things considered in a market this week clearly losing air and, prior to today, lacking breath strong enough to beat back the leak, there's plenty of reason to suspect a sizable giveback might imminently develop...



To that prospective NASDAQ Elliott wave count detailed here a couple weeks ago and labeled above in black, a doubly negative momentum divergence (see bottom panel) occurred at NASDAQ's peak on Monday (8/5). This prospective wave count's validity and likelihood is further confirmed as a result. All the more does its technical substantiation await wave 4 falling to the range of the 4th wave of one lesser degree (i.e. wave iv of 3).

Truth is, too, we could make a sound technical case altering the above Elliott wave view and instead labeling the end of wave 3 at NASDAQ's May peak, then wave 4 at June's bottom and wave 5 of (c) at Monday's intra-day peak. This alternate view is labeled above in red.

Bolstering this possibility is the Elliott wave count applied to the NYSE Composite index below, one previously detailed here on a couple occasions...



Until the NYSE Composite exceeds its May intra-day peak, we will continue recognizing the validity of the above Elliott wave count. Five waves up from the index's June 2012 bottom mark wave (c) ending the Composite index's advance off its March 2009 bottom.

We wisely should consider this prospect now in conjunction with possibility NASDAQ's Composite index just topped on Monday to complete wave (c) of its corrective wave up from March '09 bottom. We must conclude, then, something nasty could develop, and stat. If nothing else, an imminent test of respective [still rising] index 200-day moving averages is reasonable anticipation here. Still, raised is probability bomb bay doors are open, as prospective, mutual index completion of an Elliott a-b-c, counter-trend rally off March '09 bottom assuredly suggests.

Obviously, this perspective deserves close watching. Its relevance very well could persist even were these two composite indexes--NYSE and NASDAQ--yet to reach their respective wave (c) peaks and so, mutually complete the Confetti bounce off March '09 bottom. A grind still higher into September would present only a minor tweak. Nor is this very possibility slight by any means.

Nevertheless, we have seen a pickup in volatility since anticipating the very likelihood in June. Right now, or some several weeks forward, we should expect volatility's increase, confirming we are in the right neighborhood per Elliott. If the above view, as is, were to prove out, volatility's increase in fact should not be many more hours delayed.


Word on the Street
* * * * *
© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.


There's an easy way to boost your investment discipline...

Get Real-Time Trade Notification!