Stock Market Bears Fall Prey to Propaganda

 Many technical analysts continue to call for a quick and painful pullback in the stock market ... perhaps they are so busy reading news on the internet that it is getting in the way of their technicals? 

  

 Here are two well-known and worthy analysts - both of whom, apparently, are bearish on everything except the US dollar. While I dispute their analysis I would encourage you to click on the links and read what the writers have to say. 

Auerbach and Grayson

Clive Maund

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 What you are about to read going forward could be both fundamentally and technically wrong .... you've been provided with alternative arguments by two respected technical analysts who are often paid for their advice. The advice here is free. When all else fails, you might want to consider seeking the counsel of those who are paid to offer it; however, it is still your responsibilty to read the caveats at the bottom of all commentaries, including this one.

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 The markets are forward-thinking. What is happening inside Europe right now has already been taken into account by the Wizards of Wall Street. That's what wizards do. They know more than the rest of us. It's their job. Wall Street doesn't read news clippings, they write them.

Who's writing the "news?"

 If we are to assume the big players in the world's financial capital are blissfully unaware of what's going on outside the friendly confines of Lower Manhatten (I can assure you they aren't), then the analysts in the links provided above certainly have an argument. So, where is the panic? Where is the sell-off we have been warned of for months on end?

 Wall Street is not blissfully unaware of anything. Wall street creates direction, they don't chase after it, unlike the throngs of easily influenced bears who are so caught up reading yesterday's news that their analysis has been corrupted by .... well, yesterday's news.

 Here's a piece of advice: Wall Street has never once taken, "A random walk down Wall Street." 

 Most bears and gold bugs quite willingly acknowledge that this is the age of propaganda, yet would never even consider they've been out-propaganda'd by propaganda.

 Here are some questions for those of you so caught up reading these anti-propaganda sites complaining about Big Brother propaganda ...

 Have any of these anti-propaganda sites made you any real money?

 Have any of these sites ever steered you in the wrong direction?

 Did these sites encourage you to short the market rather than buy it? 

 Big Brother works in strange and mysterious ways.

 Give it some thought.

Always perform your own due diligence. These are only my opinions.

Dow Could Break to Rally Highs

 The Indoos broke through resistance today, which could quite possibly set the stage for more upside in the next few weeks. This isn't a guarantee, obviously, as volatility remains high and will likely stay that way for some time; nevertheless, it can't help but build a case that technical analysis and the media simply do not mix.


 People seem to be the most bearish (or bullish) right at key turning points in the market, and the bearish side of sentiment was clearly winning the last couple of weeks.


 That's as good a reason the markets rallied this week as any.


 Here's a suggestion: subscribe to as many free sites offering market analysis as you can find, and simply do the opposite of what the majority of them are telling you to do.

Always perform your own due diligence. These are only my opinions.

Always perform your own due diligence. These are only my opinions.

Gold: It Wasn't Supposed to Turn Out this Way

 A picture (or in this case, a chart) paints a thousand words.

 We could have just bought the S & P 500 and really been no further behind vs putting our money into gold. To add insult to injury, the commissions would have been a whole lot less buying the market.

 Left click on chart(s) to expand

 Gold stocks? They've dropped the ball and are losing the race.

 Of course, things can change.

 The problem is that ordinary people really don't want to be coerced into buying anything, a lesson goldbugs haven't quite figured out.

 Change the delivery and change the results.

 The goldbug rants are quite obviously not working.

 The charts speak for themselves.

 

Always perform your own due diligence. These are only my opinions.

Always perform your own due diligence. These are only my opinions.

Impossible!

 If bears think they are going to get wealthy shorting in this market, they ought to think twice.

 Who are they reading and why?

 Naive perma bears have been drooling lately like a pack of Pavlov's dogs, anticipating a road to easy riches based on a market meltdown similar to the 2008-2009 Teddy Bears' Picnic.

 Then we get word of the perfect ETF for Armageddon from John Nyaradi.

 Perfect, all right. An ETF designed to do nothing more than separate people from their money, something to which Mr Nyaradi obviously gave very little thought when he wrote about "global upheaval."

 What does, "global upheaval" mean?

 Try multiplying the comments Ann Barnhardt made about the recent MF Global debacle by a thousand and figure it out for yourself.

 Better yet, doomsayers should research the definition of, "Armageddon," and see what they come up with.

 If financial Armageddon were to strike the markets, bears might as well kiss all the money they thought they'd be making on an ETF designed for such an event, goodbye. They'll never see so much as a dime of it, as banks, hedgies, pension funds and governments hopelessly try to unravel trillions of dollars floating around in cyber space, all inter-connected to trillions more dollars floating around in cyber space. 

 Are bears really that stupid?

 Ann Barnhardt may understand the consequences, but it's doubtful she's relishing the thought of monetary collapse, unlike far too many perma bear Armageddonites.

 In the meantime, as difficult as it may be for those bears eagerly awaiting chaos in the streets, no food on the shelves at the grocery store, and no banks to contend with .....

 Here's a chart.

 Perma bears can go right ahead and say it's impossible.

 They've been saying, "Impossible," for years now.

 

Always perform your own due diligence. These are only my opinions.

Too Many Bears

 It is not always prudent to go against the flow. It becomes especially difficult when media outlets (owned by the same conglomerates that program HFT's, for those of you who weren't aware) are telling us that the markets are not only going to tank, they are going to tank HUGE!

 If that weren't bad enough, we get a million and one bloggers all telling us the same thing. Everyone is an expert on the economy and technical analysis these days.

 Really?

 How's that worked out for all the "experts" in the last thirty three months?

 Is this "market" really about descending triangles, bearish wedges, rounding tops, head and shoulders patterns, 200 day moving averages, and broken trend lines?

 We're going to use the blatantly obvious against a gang of Wall Streeters that wrote the book on market direction?

 Much of what we've learned about technical analysis has gone the way of the dinosaur. It no longer applies. Why would it and why should it?

 Wall Street looks at the same charts we do, but they're not in business to make our lives easy by chasing garden variety technical analysis. They're in business to get as many people on the wrong side of a trade as humanly possible. They do this by manipulating charts and the news.

 How hard can it be for Wall Street to manipulate a chart when their algorithm trading platforms have the ability to pull bids or offers in a nanosecond, taking out any and all automated stops along the way?

 Yes, we're told it's all about Europe and the Euro.

 Perhaps it is.

 It says here it's all about the media, the internet, and the people who read exactly what Wall Street wants people to read.

 Believe what you want and trade accordingly.

 

Always perform your own due diligence. These are only my opinions.

Analysts Calling for Severe Decline

 Market analysts are once again telling us gold, silver and the stock market are doomed.

 Before selling your precious metals and every stock you own and betting heavily on a bearish ETF, you might want to check the track records of these individuals.

 Most of them have probably been wrong for two years running.

 Yes, the markets and precious metals could very well fall off the cliff.

 Then again .....



Always perform your own due diligence. These are only my opinions.

Gold Loses 200 Day Moving Average

 For the first time since early 2009, Gold is trading below the 200 day moving average.

 A shakedown?

 Probably.

 Guess who owns 99% of all the gold?

 If you said, "The one percent," you have pretty much figured out everything you will ever need to know about gold.

 PS: The one percent really don't care if gold trades at $3,000 an ounce or $1,000.

 

Always perform your own due diligence. These are only my opinions.

The Dow

Always perform your own due diligence. These are only my opinions.