What’s the central bank we should all be watching?
Chris Temple has some comments on the markets but he relates the movement today back to one central bank… the People’s Bank of China.
Click download link to listen on this device: Download Show
I can’t remember seeing many charts that just kept going up tagging the support trend line for that many years in a row. It hasn’t really broken down in a major way for years and shows in living color how juiced the general markets are. It is hard to bet against them, but I think we’ll take a dip to the first support trend line, rally up into Fall to new highs, and then take a major break from this straight line up in September.
….meaning the break from the trend will be the major correction in September. Sorry that didn’t come out very clear.
No effect on oil yet as China backs off
http://www.zerohedge.com/news/2015-06-08/did-worlds-last-big-oil-price-support-just-falter
Bilderberg is underway ! Nothing to see ( DEAR ) ! Lets talk CHINA !
LA LA LA ! https://www.youtube.com/watch?v=hXg8nBNC7no
GOOD POST FRANKY………….SHEEPLE ARE ASLEEP………
***** REPOSTING THE BELOW ******
Recommended quick read (and will post elsewhere):
http://www.financialsense.com/contributors/chris-puplava/global-growth-stabilizing-right-on-cue
Best to all and GL investing/trading.
LPG
Chris, if the chart below was gold you’d all be screaming buy, buy, buy!
Look at the support zone off the 2011 low where Armstrong suggested over weighting capital into US equities out of gold.
Whats all the fuss about, no breakdown yet, how many collapse calls have we had since 2009? and they were ALL excellent buying opps
You wont see the support trend lines in you don’t use stockcharts
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=4&mn=0&dy=0&id=p87565935917&listNum=1&a=409726948