Nov 11 18 SIT EC y POL
ND denounce Global-neoliberal debacle y propone State-Social
+ Capit-compet in Econ
ZERO HEDGE ECONOMICS
Neoliberal globalization is over. Financiers know it, they
documented with graphics
It doesn’t matter the lent you use to see our Econ.. all
coincide this is going to collapse
"If bulls can’t recapture this trend line they risk falling hard off of this trend
line and face a possible retest of lows (which could spark a 'W'
bottom) or new lows."
Let’s first review the context of
what just happened and how technicals and signals are aligning to then get a
clear understanding of the battle lines for control.
Let’s firstly review this counter rally:
What this counter rally did
accomplish this week is largely meet the technical target zone I outlined
in Positives:
See Chart a:
Now see chart b:
updated
See also Technical SetUp: $ES for the
evolution of the long SetUp.
The trigger for this push higher was
of course the US mid term election result. As I stated last week in “Back With a Vengeance, But“:
“I think it’s fair to say that many participants are looking forward to
a bullish interpretation especially if the historic script plays out, which is
that the ruling party will lose the House”.
As I outlined on
twitter specifically the 2016 trend line would offer resistance:
See
Chart:
And
that’s precisely where we rejected on Friday
And from a
technician’s point of view this was a beauty and it highlights 2 very important
points: This market is acting very technically and this
broken trend line is now confirmed as resistance and it is rising steeply.
And you
can see it on the $SPX cash chart as well:
See Chart:
Which brings me to the bearish case: If bulls can’t recapture this trend line
they risk falling hard off of this trend line and face a possible retest of
lows (which could spark a “W” bottom) or new lows.
But a
bearish resolution could certainly open markets up to this lower risk zone:
See Chart
The
structure continues to show astonishing similarity to the 2007 top in that we had a new high on a monthly
negative divergence which produced a 10% correction which fell below the
monthly 5EMA. The same thing has happened here. In 2007
that drop off the new highs produced a counter rally that reconnected with the
monthly 5EMA, but then failed.
And don’t forget
the context of yields. Yields have not been relenting:
See
Chart:
See more
charts at
SOURCE: https://www.zerohedge.com/news/2018-11-11/bull-bear-battle-lines-are-being-drawn-next-market-move
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"We can’t dismiss the probability that if
enough investors believe the story that these ETFs are a ‘ticking bomb’,
their shorting activity could become a self-fulfilling prophecy, even
if their views are misguided or self-serving..."
JPM's parting words are rather ominous: while the bank
dismisses the worst case scenario postulated by the bearish hedge fund manager,
it also says that it "can't dismiss the very small probability that if enough
investors believe the story that these ETFs are a ‘ticking bomb’, their
shorting activity could become a self-fulfilling prophecy, even if their views
are misguided or self-serving."
This is JPM basically saying that
even if credit ETFs are ultimately delightful, innocuous products (which they
aren't as August 2015 showed very clearly) they will still get annihilated if
everyone believes the opposite. As for what happens if JPMorgan's
complacent view is wrong - and Schwartz is right - the next time there is a
financial crisis driven by a collapse in credit, don't expect the market to
reopen for a long, long time.
Finally, it's worth noting
which was Wall Street is leaning: as we reported
earlier this week, the amount of short interest on the HYG junk bond ETF is now
the highest on record as many other investors are also convinced the credit ETF
day of reckoning is coming.
See Chart:
…
…
SOURCE: https://www.zerohedge.com/news/2018-11-11/are-credit-etfs-ticking-time-bomb-here-jpmorgans-answer
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Dollar
up? "BUT,
IT'S NOT BACKED BY ANYTHING?"
"It has not been true
for the world’s current reserve currency, the U.S. Dollar, since 1971 when
president Nixon decided to unpeg the dollar from gold...Bitcoin is absolute scarcity..."
See Chart:
So what
does “being backed” by something mean? Basically
it’s a guarantee that the token being used will be redeemable for some other
thing that have proven to keep its value over time, at a later point in time.
Currencies around the world used to be redeemable for a certain amount of gold
but this isn’t true for any fiat currency at this point. It has not been true for the world’s
current reserve currency, the U.S. Dollar, since 1971 when president Nixon
decided to unpeg the dollar from gold. Ever since that day, the value of
the dollar has been backed by nothing but the good word of the Federal Reserve
Bank and the U.S. government whose current president is Donald Trump.
Gold has
shown to be a good store of value for around 5000 years. It is valuable because
it is hard to produce more of it, period. When
the price of an asset goes up, producing more of it becomes more profitable. This
in turn leads more of the asset being produced, increasing the supply hence
lowering the price again until an equilibrium is reached. In the case of gold,
the amount of it already extracted from the ground is high in comparison to
that which is still yet to be found. This means that an increased gold price
does not lead to any significant increase of the total supply of gold available
for sale despite the increased production efforts. It
is this high stock-to-flow ratio of gold that has led it to such a good store
of value over time. The demand for gold is ever changing but its supply stays
relatively scarce.
….
….
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"Get used to this kind of
volatility...the market decline we observed in October is only a drop in the bucket..."
And it is flashing red...
See Chart:
…
…
SOURCE:
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US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
INDEP front inside Dems & Gops will win. Voting for ugly (Trump)
vs. voting for the worse (Hillary) is voting for crook billionaires, not
democratic option. The nation won’t fall this trap
WSJ
CALLS IT: HILLARY WILL RUN AGAIN IN 2020 .. NOT AGAIN!
Is this the
"soft" declaration for Hillary Clinton's bid for the 2020 Democratic
nomination?
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"It’s a banana
republic down here." -Rep. Matt Gaetz
[[ YES.. banana Chiquita.. luego
vendria la grande .. You will like it! ]]
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How much closer to Detroit
or Puerto Ricomust Illinois go before it reforms?
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US-WW ISSUES (Geo Econ, Geo Pol
& global Wars)
Global depression is on…China, RU, Iran search for State
socialis+K-, D rest in limbo
The
prospect of a balance-of-payments crisis, in which China would struggle to pay
for imports and service foreign debt, highlights the urgency with which China
must begin addressing the problem of high and rising corporate and
local-government debt levels.
[[ Our
dollar is made from the thing air .. It won’t last forever.. days are counted..
tic tic tic... So, mal de todos.. Consuelo de tontos?
]]
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The SNB may
have top-ticked Apple's stock price by selling just ahead of the October rout.
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A decade
after the worst fighting overseas,five combat veterans put the Forever War and
American civilian life into perspective...
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Putin
said “Yes,” the chat
was “good.”
[[
Time to make PEACE & dismantle nukes.. then we say the same ]]
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SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO
..Focus on neoliberal expansion via wars & danger of WW3
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RT SHOWS
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NOTICIAS IN SPANISH
Lat Am search f alternatives to neo-fascist regimes &
terrorist imperial chaos
VIENTO SUR
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FEM Por un feminismo que no hable sólo de
feminismo
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Rud Rafael MTST “Va a haber repres y cens, también
resist popular”
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Nicaragua: Una revolución frustrada Foro viento
sur
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Kanaky-Nueva
Caledonia Refer: la lucha por derecho a
autodeter y just
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RT EN
ESPAÑOL
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Keiser Report "El proceso de salida del UK de
la UE es un desastre"
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more
business-wars from US-NATO allies
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PRESS TV
Resume of Global News described by Iranian observers..
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