SPX NEAR 1250 MUST HOLD

EXPERTS WEIGH IN

"NEW YORK (CNNMoney) -- It's been a hot and cold year for stocks so far, but Wall Street experts are optimistic that the market will emerge from its recent funk to end the year with solid gains. "

BACK UP?

From my prior chart of the SP 500 you can see a possible reverse head and shoulders forming with neckline at 1335 area.

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MARKET SET UP

LOW EXPECTATIONS?

Low Expectations May Offer More Market Opportunity

Breakout
"Right now, the market has easy hurdles to meet," says Jack Ablin, the CIO at Harris Private Bank. "Valuations are certainly expecting the worst and psychology and investors' attitudes are pretty low." More »Low Expectations May Offer More Market Opportunity

A VIX at 23 IMHO does not show investor fear, volume rises with declines and whithers on rallies, who doesn't think we have had distribution going on during the "rallies"?

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ALCOA WARNS WE ARE "IN" A BEAR MARKET

This time the general stock market is holding up a bit better, but interest rates were not at 0% yet in 2008.

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OH, WHAT A RELIEF IT ISN'T

EU’s €100 Billion Bailout Not Enough to Buy a Relief Rally

Monday's are great for gap ups, but once in awhile they don't last. Continued money printing, laundering or out of thin air, does nothing to create jobs.

We are coming down from a sugar high, and it doens't feel that great. NEEDED rebalancing from years and years of credit glut excesses, and FED goosing, and imbalances have been fought tooth and claw....making the inevitable, just delayed and perhaps worse.

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BEAR BOUNCE OR?

We still see expanding volume on the delcines, and whithering volume on the bounces. My analysis and my feet on the street observations say chinese water torture.

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FETID ARTICLE FOR THE MASSES

http://finance.yahoo.com/news/u-debt-load-falling-fastest-040045522.html

Surely gov't debt is falling at fastest rate......defaults and writedowns probably have nothing to do with it, and further more, I have hard time swalloing this with the way the Federal deficit has been skyrocketing, I think this article is pure BS

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CLOSE UP OF SPX MARKET ACTION

IF ECONOMY WEAKENS?

Bernanke: Fed Could Act if Economy Weakens

AP
"Chairman Ben Bernanke says the Federal Reserve is prepared to take further steps if the U.S. economy weakens, but he didn't signal any action is imminent."

China just lowered rate by .25% to stimulate......hmmmm stimulate demand? certainly not jobs as there is OVER CAPACITY  in the world economies...

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TRANSPORTS CONFIRM OVERALL MARKET WEAKNESS

When I had originally set up this chart I labeled it "bearish broadening wedge" for the transports and indeed 'WATCH THE 200" as it now has broken down and the action is below the 200, as it is for the SPX and DOW.

I used here an EXPONENTIAL MA which puts more emphasis on recent action.

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ANOTHER LEADER FALLS BELOW 200 DAY MOVING AVG

Also the fear index the VIX has broken out above its 200 and 400 DMA. MORE SIGNS HE BEAR IS BACK.

US DOLLAR RALLY STALLING?

On the monthly chart it cetainly has me leaning a $ rally retrace may be near, and I am wondering if with that will come a US stock rally.....FED meets next week....usually they find a way to goose the markets....I mean that seems to be their number one job

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COUNTER

After 8 years of blogging, and the changes in google analytics I added a counter to track traffic to my site. SO...when I arrived today it was 30....so....not 30 over 8 years.. haa

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AVALANCHE OF SELLING COMING?

Watch for avalanche of sell orders Monday

"June 1, 2012, 6:11 PM

Monday’s trading will be the first opportunity stock investors in the U.S. will have to act on a major technical violation that occurred at Friday’s close: The breaking of the 200-day moving average."

IMPORTANT SUPPORT VIOLATED

10 YEAR DROPS TO LOWEST YIELD IN 200 YR HISTORY!

OK, "flight to safety?", so why is the stock market still double off the lows? you going to stay in stocks thru another Bear mkt? just saying....

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US $ BREAKOUT

No doubt turmoil in EURO zone to blame.

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CONSUMER CONFIDENCE PLUNGES IN MAY

http://finance.yahoo.com/news/consumer-confidence-plunges-may-140420821.html

And this is good for the economy how? And it was already the weakest recovery since they began tabulating this information.

But why worry, the market is up triple digit!!??  SO WHAT, as far as I know it is up because the players figure the weak data insures more FED intervention, you know same QE gambit they got my back kind of thing.....so it emboldens speculation but it sure doesn't do much for investment!

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