updated chart of yesterdays sell setup

chart by Kimble

Dax

double top in a LH position

CAC

T/L broken,testing highs. If test fails a break of the swing low is required to trigger sell

PHM

ugly...

nice move in gold so far today....how the  weekly candle looks on Friday should be important

 http://www.maxkeiser.com/2015/04/gold-flows-east-india-and-china-import-massive-quantities-of-bullion-from-switzerland/

"In what future generations will likely see as a major, potentially catastrophic blunder of monetary policy, the West and particularly the City of London continues to hemorrhage huge volumes of gold which is flowing Eastwards to Singapore, India and China from London via Switzerland.
“Gold exports to China from the refining hub of Switzerland almost doubled to 46.4 metric tons in March”, up from 23.6 tonnes in February” according toBloomberg. India’s gold imports from Switzerland doubled to 72.5 tonnes in the same period.
The increasingly affluent masses in China and India continue to have a voracious appetite for gold as a store of value.
Policy makers in China and Russia have also made gold a cornerstone of their monetary policy.

While sentiment towards gold in the West is abysmal – even as gold languishes at record lows when adjusted for inflation – Asian demand remains insatiable.

It would be wise for investors to inform themselves as to why this should be so. Demand for gold in Asia is often written off by Westerners as an irrational impulse of uneducated Asian peasant farmers and workers.
This is unfair to gold buyers in Asia – many of whom have experience of currency devaluation and therefore opt to own gold as a savings mechanism and a superior store of value.
However irrational holding gold may appear, the alternative – holding paper currencies which are continually being devalued through QE and inflation in various sectors of the economy – is even more irrational.
The fact that it is a matter of Chinese state policy to continuously accumulate vast volumes of gold and that the Chinese government has encouraged its citizens to own gold shows that bullion is not the fringe asset of irrational ‘gold bugs’ as it is often suggested in some western media."

RRS

maybe the Dax can still push to that 12500 level ?

http://armstrongeconomics.com/2015/04/24/the-war-on-cash-2/

particularly disturbing for anyone that remembers Aaron Russo's interview about his association with Nick Rockefeller and his comments on electronic chips

http://www.financialsense.com/financial-sense-newshour/robin-griffiths/second-half-breakout-market-bubble


interesting interview,he says the 5th year of a decade is usually very strong ,as discussed here (Gann's 5th year of a decade),but that the first 2 quarters are often weak so he is looking for a 2nd half breakout
he expects years 6 and 7 to be weak and that the next western boom wont happen till 2020 when generation Y starts to take over from the baby boomers
he says most tried and tested styles of investment are not working :-)
very keen on India also China but China currently frothy..
US bonds still ok for now because low and negative real rates here to stay
some european markets and japan ok but you have to hedge the currency (unlike India or China)

Expects gold to move within the next few months....it is already in a bull market in non dollar currencies and is outperforming the S&P if you measure from 2000. Gold mining stocks look to have bottomed

ARM

TSCO

Ibex

Nifty has some nice charts on gold,which needs to find support pretty soon or its headed lower

http://niftychartsandpatterns.blogspot.co.uk/2015/04/gold-triangle-breakdown.html

and for a different perspective,Max Keiser on rehypothecation

http://www.maxkeiser.com/2015/04/the-rehypothecation-of-gold-and-why-it-matters/

"This game of musical golden chairs works fine, until the musical economy stops. When countries start to rack up debt and desire to sell their own gold to pay the bill, and they can’t get it, they get nervous. Now, if the economy is going south and the price of gold is heading up because of fear, those people holding paper gold in the form of futures or just deposit promises begin to sell off for profit or out of financial need. So long as it’s a trickle, no problem, but if it becomes a torrent….

Remember the 140% rule? Well, what if the Federal Reserve only kept 60% of the 100% that the paper gold was written on? Now there is an 80% shortage. Someone is about to have their musical golden chair pulled out from under them. They will get paid, BUT that payment will come as fiat currency. As the golden parachute deflates, how good is fiat currency? This is why there are so many on the fringe demanding to see the gold reserves and others are saying gold will hit $5,000 an ounce or higher. It is theoretically possible that for each gold promise, that it is backed by 1/5 or less of physical gold. No one knows, because no one can audit the physical gold."

Q's broke out on Friday,so bears need to hope something like this is in play

I wouldnt place too much faith in this count but worth bearing in mind if we were to see a sharp reversal early next week

Ftse was resilient but basically spent the week trying to regain last Fridays high. Shooting star candle yesterday shows selling pressure

http://www.washingtonsblog.com/2015/04/11-signs-entering-next-phase-global-economic-crisis.html

Euro

a decent bull setup in the euro at last ?

http://www.thegoldandoilguy.com/three-five-years-gold-will-priceless/

Dax

forming highs beneath the 200 ma

http://www.zerohedge.com/news/2015-04-21/battlefield-america-war-american-people

http://www.silverdoctors.com/martin-armstrong-major-reset-coming-gold-bullion-to-max-out-at-5000-per-ounce/

http://www.zerohedge.com/news/2015-04-20/noam-chomsky-idea-media-which-does-not-repeat-us-propaganda-intolerable-american-lea

Dax

this is only a 4 hr chart,nevertheless looks like a decent sized distribution area for more weakness in the next few days.

my feeling is the market had its chance to break resistance once the triple bottom was confirmed at 2040 but was unable to launch
the problem is 1440 points off 666 imo ie 2106.This was squared with time (72 months) in March.Last week we had the 6 month cycle off October low and other cycles  like 144 trading days from September high

TRAN

S&P

speculative count for the recent mess

Cocoa

looking for a LH below or around the 150 dma. Could be a bullish wedge so caution needed

Ftse

headed to the downward sloping blue line ?

Ftse

trigger candle on Ftse and 3rd top sell setup (see yesterday's chart)

Ftse

so much for "global warming" :-)

http://www.spaceandscience.net/sitebuildercontent/sitebuilderfiles/ssrcpressrelease42014historicglobaltemperaturedroppredicted.pdf

"Average global atmospheric and oceanic temperatures will drop significantly beginning
between 2015 and 2016 and will continue with only temporary reversals until they
stabilize during a long cold temperature base lasting most of the 2030’s and 2040’s. The
bottom of the next global cold climate caused by a “solar hibernation” (a pronounced
reduction in warming energy coming from the Sun) is expected to be reached by the
year 2031."

thanks to Wile for link

Diageo

breaking out of the triangle pattern  ?  At some stage I think this will surge through 2000

http://bartscharts.com/2015/04/10/pound-and-30-year-trend-lines-important-believe-so/

http://davidstockmanscontracorner.com/hillary-clinton-class-president-of-a-failed-generation/

http://thechartpatterntrader.blogspot.co.uk/index.html#398333675757412358

http://www.positivemoney.org/2015/04/iceland-fundamental-reform-monetary-system-must-considered/

GSK

Glaxo - 180 degrees time/360 points ?  ie 1560 area sometime this week then a correction ?

AZN chart is interesting

http://www.shiftfrequency.com/money-created-american-oligarchy/

Ndx

The march of the Fascist Police State.....new laws in Spain
http://revolution-news.com/first-hologram-protest-in-history-held-against-spains-gag-law/

http://russia-insider.com/en/no-mr-boyes-rt-not-islamic-state/5483


The conflict in Ukraine is a civil war triggered by a violent unconstitutional coup.  Crimea’s secession from Ukraine was not a conquest but was a valid - and highly popular - exercise of the right of self-determination provoked by the coup.  The present government in Kiev includes right wing extremist elements.  It is pathologically Russophobic and intolerant and resorts to violence whenever it is challenged.  It is opposed by a large proportion of Ukraine’s population, who reject its intolerant ideology and its violent and lawless methods.
RT’s and the Russian media’s narrative of the Ukrainian conflict is convincing because it is based on these facts.  The Western narrative of the Ukrainian conflict - that it is entirely the result of Russian aggression against a “democratic” and otherwise “peaceful” Ukraine - is not convincing because it denies these facts. 

NDX

the bearish candle on Tuesday and potential double top resistance line were broken

http://traderfeed.blogspot.co.uk/2015/04/weakening-breadth-and-rising-volatility.html

http://permabeardoomster.blogspot.co.uk/2015/04/asian-markets-continue-to-soar.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+PermabearDoomster+%28Permabear+Doomster%29

PD on the strength of Asian markets

Wheat

triple bottom on the MM 500 level ?

Coffee

triple bottom in place ?

Ftse

corrective wave ending ?

an interesting "history" of False Flag events....and yet they are never mentioned in the mainstream media and 95% of the public wouldnt have a clue what the term means

http://www.washingtonsblog.com/2015/04/false-flags-2.html

 “The easiest way to gain control of a population is to carry out acts of terror. [The public] will clamor for such laws if their personal security is threatened”.
– Josef Stalin

http://omnithought.org/united-states-political-court-system-exposed-how-nwo-enslaves-society/939

 "The United States is a corporation run by its board of directors (the Elites) and CEO (the President)
From the perspective of the current legal system, the phrase “United States” refers to a corporation that resides in Washington DC. The acronym DC stands for “District of Columbia,” which is a district that is controlled by the Vatican. The Vatican is heavily affiliated with the Crown Temple, the secret society that controls the Crown of England. In other words, Americans haven’t truly freed themselves from the control of the Crown Temple."

http://stockcharts.com/articles/chartwatchers/2015/04/four-big-benefits-of-technical-analysis-.html

http://solarcycles.net/2015/04/05/big-picture-usa/

"My opinion remains the same: we are in the last gasps of a topping process in equities. We see ample evidence in both indicators and economic data of the shift in behaviour post-solar-max. The negative feedback looping is underway but needs a significant drop in equities to complete it. That should now come to pass, post Equinox and post-second-chance (last post). April is clearly a window for a meaningful drop, set against earnings reports beginning on Wed and anticipated further bad economic data.
If somehow stocks can hold up and range trade over the next several weeks whilst early evidence of a pick up in the US does start to trickle through then maybe this mania can continue for even longer. But I still find it extremely difficult to make a case for that."

John Hampson 

REM

REM, which I posted last week was up over 20% this week

EZJ

on this monthly chart EZJ seems to be consolidating above the previous high and above bull angle support

the daily chart has a possible 3 drives pattern ,with negative momentum divergence so it will be interesting to see how the April candle looks by eom

BRBY

BRBY is interesting because it broke out of a huge consolidation pattern and is now retracing to test support.I have marked in the 50% retracement

charts from Bouraq (trading channels website on blog list)