Saturday, October 29, 2016

Good News: The Lies Are All Priced In

In the coming week, we will learn:

Whether or not OPEC is bluffing. Again. 

Whether or not Hillary will be the next President or sent to jail

Whether or not China has any control left over their currency

Whether or not Deutsche Bank is solvent

Whether or not Saudi Arabia is solvent, pending OPEC news

Whether or not the Fed will raise rates once in December. Exactly one year ago, the Fed sealed the deal on a December rate hike. Stocks tanked. 

Whether or not Mayor McJob's recovery continues, or if the nascent pounding of restaurant stocks bodes poorly for the labor farce participation rate...

Regardless of the lies and chicanery, the "technical" situation facing the casino, can be summed up thusly:

Internet stocks (red) with % of S&P above 200 day moving average. Last year's decisive October Fed meeting is circled in blue:

Zuckerberg Shrugged:

New Highs Nasdaq 100. Last year's Fed meeting circled. 

I think we all see where I'm going with this:

"I'm Lovin' It"

Labor Market Conditions Index:

MW: Oct. 29, 2016
Amazon's Stock Chart Warns The Ride May Be Over