The U.S. Treasury Department has not yet received the results of
"stress tests" on the health of the top 19 U.S. banks, spokesperson
Andrew Williams said yesterday, after a blog said it had obtained
results and some U.S. bank shares moved lower. Williams made the
comments after banks accrued losses before the market opened after
an alleged `leak' on a blog called the Turner Radio Network said 16
of the 19 banks are "technically insolvent." It claimed to cite a
government report. "There is no basis for that report, we do not
even have results yet," Williams said.
Matt, the weekly chart for oil looks very similar to
the weekly chart for the SPX (ie. breakdown after a 5th wave,
etc.) Do you consider oil to be in a primary trend ABC pettern just
like the S&P? Why or why not?
Massachusetts Democratic Rep. Barney Frank admitted a lengthy
relationship with a male hooker who ran a bisexual prostitution
service out of Frank's apartment.
U.S. President Barack Obama's administration is
considering using a new
Federal Reserve program aimed at increasing consumer lending
to remove
distressed assets from the balance sheets of banks, Bloomberg
News reported
Wednesday, citing people familiar with the matter. The Fed's
Term Asset-Backed
Loan Facility, or TALF, would provide loans to investors, and
take illiquid
debt as collateral, the sources said. An announcement could
come this week,
according to Bloomberg's report
Massachusetts Democratic Rep. Barney Frank admitted a lengthy
relationship with a male hooker who ran a bisexual prostitution
service out of Frank's apartment.
Sometime this year, taxpayers will receive an Economic Stimulus
Payment. This is a very exciting new program that I will explain
using the Q and A format:
Q. What is an Economic Stimulus Payment?
A. It is money that the federal government will send to
taxpayers.
Q. Where will the government get this money?
A. From taxpayers.
Q. So the government is giving me back my own money?
A. No, they are borrowing it from China. Your children are
expected to repay the Chinese.
Q. What is the purpose of this payment?
A. The plan is that you will use the money to purchase a
high-definition TV set, thus stimulating the economy.
Q. But isn’t that stimulating the economy of China ?
A. Shut up.
Below is some helpful advice on how to best help the US economy
by spending your stimulus check wisely:
If you spend that money at Wal-Mart, all the money will go to
China.
If you spend it on gasoline it will go to Hugo Chavez, the
Arabs and Al Queda
If you purchase a computer it will go to Taiwan.
If you purchase fruit and vegetables it will go to Mexico,
Honduras, and Guatemala (unless you buy organic).
If you buy a car it will go to Japan and Korea.
If you purchase prescription drugs it will go to India
If you purchase heroin it will go to the Taliban in
Afghanistan
If you give it to a charitable cause, it will go to
Nigeria.
And none of it will help the American economy. We need to keep
that money here in America. You can keep the money in America by
spending it at yard sales, going to a baseball game, or spend it on
prostitutes, beer (domestic only), or tattoos, since those are the
only businesses still in the US.
I took profits just as the news broke but my decision was based
on matt and steves comments on relentlessly taking profits in this
screwed up market. also checking the blogs regularly and the
dynamic links are key. that wedge matt put up w/pos divergence
really convinced me to be on the lookout. thanks matt. for me and
my clients!!!!
The community is delayed by three days for non registered users.
usat
Posted by tarzan on 1st of May 2009 at 01:24 pm
Matt, I put this on on the blog when it broke the 200 day. approaching next resistance at 3. Any thoughts?
http://stockcharts.com/h-sc/ui?s=USAT&p=D&yr=1&mn=6&dy=15&id=p06980947177&listNum=3&a=166746761
gold
Posted by tarzan on 1st of May 2009 at 01:09 pm
Matt, can you put up a dynamic link for your weekly gold chart with the counts, fibs, etc.?
Greatly appreciated.
USAT
Posted by tarzan on 30th of Apr 2009 at 11:11 am
matt/dodger USAT broke 200 day. small one but interesting story. any idea on an upside tgt?
shortable weak bounce
Posted by tarzan on 21st of Apr 2009 at 12:08 pm
dodger,
Is this the weak bounce you were suggesting last night that could be shorted to target 780?
stress test
Posted by tarzan on 21st of Apr 2009 at 10:42 am
The U.S. Treasury Department has not yet received the results of "stress tests" on the health of the top 19 U.S. banks, spokesperson Andrew Williams said yesterday, after a blog said it had obtained results and some U.S. bank shares moved lower. Williams made the comments after banks accrued losses before the market opened after an alleged `leak' on a blog called the Turner Radio Network said 16 of the 19 banks are "technically insolvent." It claimed to cite a government report. "There is no basis for that report, we do not even have results yet," Williams said.
DXO
Posted by tarzan on 21st of Apr 2009 at 10:31 am
Any thoughts on legging into some DXO with the oil pullback?
long term oil
Posted by tarzan on 13th of Apr 2009 at 09:31 am
Matt, the weekly chart for oil looks very similar to the weekly chart for the SPX (ie. breakdown after a 5th wave, etc.) Do you consider oil to be in a primary trend ABC pettern just like the S&P? Why or why not?
Craig
looks like a double top
gdx will soon close the gap
Posted by tarzan on 3rd of Apr 2009 at 11:06 am
looks like a double top too!
Obama
Posted by tarzan on 24th of Mar 2009 at 09:42 pm
Based upon how much Obama has spent, every American could've received $2,000. instead of bailing out failed companies.........I prefer the $
Massachusetts Democratic Rep. Barney Frank
Today's Testimony
Posted by tarzan on 24th of Mar 2009 at 01:18 pm
Massachusetts Democratic Rep. Barney Frank admitted a lengthy relationship with a male hooker who ran a bisexual prostitution service out of Frank's apartment.
banks to lead higher? again
Posted by tarzan on 18th of Mar 2009 at 01:39 pm
U.S. President Barack Obama's administration is considering using a new
Federal Reserve program aimed at increasing consumer lending to remove
distressed assets from the balance sheets of banks, Bloomberg News reported
Wednesday, citing people familiar with the matter. The Fed's Term Asset-Backed
Loan Facility, or TALF, would provide loans to investors, and take illiquid
debt as collateral, the sources said. An announcement could come this week,
according to Bloomberg's report
SRS
Posted by tarzan on 18th of Mar 2009 at 01:35 pm
Matt/Dodger- do you see a bearish decending triangle on the 15min SRS?
Just garbage. Capitalism will prevail.
Karl Marx
Posted by tarzan on 26th of Feb 2009 at 02:55 pm
Just garbage. Capitalism will prevail.
headline from 1989!
called barny frank at his newton office
Posted by tarzan on 19th of Feb 2009 at 04:40 pm
Massachusetts Democratic Rep. Barney Frank admitted a lengthy relationship with a male hooker who ran a bisexual prostitution service out of Frank's apartment.
yipee
Posted by tarzan on 14th of Feb 2009 at 05:52 pm
Stimulus Package Explained (Q&A)
Posted:13 Feb 2009 01:00 PM PST
Sometime this year, taxpayers will receive an Economic Stimulus Payment. This is a very exciting new program that I will explain using the Q and A format:
Q. What is an Economic Stimulus Payment?
A. It is money that the federal government will send to taxpayers.
Q. Where will the government get this money?
A. From taxpayers.
Q. So the government is giving me back my own money?
A. No, they are borrowing it from China. Your children are expected to repay the Chinese.
Q. What is the purpose of this payment?
A. The plan is that you will use the money to purchase a high-definition TV set, thus stimulating the economy.
Q. But isn’t that stimulating the economy of China ?
A. Shut up.
Below is some helpful advice on how to best help the US economy by spending your stimulus check wisely:
If you spend that money at Wal-Mart, all the money will go to China.
If you spend it on gasoline it will go to Hugo Chavez, the Arabs and Al Queda
If you purchase a computer it will go to Taiwan.
If you purchase fruit and vegetables it will go to Mexico, Honduras, and Guatemala (unless you buy organic).
If you buy a car it will go to Japan and Korea.
If you purchase prescription drugs it will go to India
If you purchase heroin it will go to the Taliban in Afghanistan
If you give it to a charitable cause, it will go to Nigeria.
And none of it will help the American economy. We need to keep that money here in America. You can keep the money in America by spending it at yard sales, going to a baseball game, or spend it on prostitutes, beer (domestic only), or tattoos, since those are the only businesses still in the US.
took profits
SPX 10 min chart.pngPer my 10 min chart way earlier ...
Posted by tarzan on 13th of Feb 2009 at 12:01 am
matt/steve
I took profits just as the news broke but my decision was based on matt and steves comments on relentlessly taking profits in this screwed up market. also checking the blogs regularly and the dynamic links are key. that wedge matt put up w/pos divergence really convinced me to be on the lookout. thanks matt. for me and my clients!!!!
check CSCO now. lower. you
just when you get bearish
Posted by tarzan on 4th of Feb 2009 at 05:01 pm
check CSCO now. lower. you never know.
Thanks!
5 3 stoch
Posted by tarzan on 28th of Jan 2009 at 04:24 pm
Thanks!
5 3 stoch
Posted by tarzan on 28th of Jan 2009 at 04:06 pm
Matt, can you put up a link to the fast 5/3 chart?
thats a 6 minute chart
systems -SKF
Posted by tarzan on 26th of Jan 2009 at 04:06 pm