A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: Much have eaten too many chocolate bunnies this weekend.
SPXHanging man day (also bearish harami). Midpoint above EMA(10). Still above all SMA's. Above the 14.6% retrace (1319.09). No daily 3LB changes (reversal is 1305.14). QE2infinity. "JBTFD. Don't question it. Just do it. Trust me."
DXYSpinning top day. Midpoint below EMA(10). No test of 0.% retrace (73.74). Below all SMA's. No daily 3LB changes (reversal is 75.50).
VIXSpinning top day (confirmed harami). Midpoint below EMA(10). Still below all SMA's. No daily 3LB changes (reversal is 16.27). Deep in the "no fear" zone.
GOLDSpinning top day. Midpoint above EMA(10). Made a new 0.0% retrace. Still above all SMA's. New high on daily 3LB (reversal is 1495.10). Holding above upper trend line. Must have the precious.
EURUSDSpinning top day. Midpoint above EMA(10). Still above 1.4374 (the 76.4% retrace). Still above all SMA's. New high on daily 3LB (reversal is 1.4466).
JNKDark cloud cover day. Midpoint above EMA(10). Still above all SMA's. Still above its 85.4% retrace (40.60). Still below lower trend line. No daily 3LB changes (reversal is 40.46).
10YR YIELDBearish short day. No test of 0.0% retrace at 37.44. Still below all SMA's. Midpoint below EMA(10). Tested and failed 38.2% retrace (33.71). Held the upper trend line. No daily 3LB changes (reversal is 34.66).
WTIDoji day. Still above all SMA's. Midpoint above EMA(10). No test of 0.0% retrace. No dally 3LB changes (reversal is 113.38). Still above weekly 3LB mid (108.61).
SILVERSpinning top day. Still above all SMA's. Midpoint above EMA(10). Made a new 0.0% retrace. Holding upper trend line. New high on daily 3LB (reversal is 43.91).
BKXDoji day. Midpoint below EMA(10). Tested and held SMA(144). No test of its 50.0% retrace (50.11). No daily 3LB changes (reversal is 51.66).
AT's Glimpse at June SP Futures:
12 comments:
Even a Creditcane can't blow every day....
LB
It will be unannounced. It will just "happen".
Nice little side blurb on St. Warren.
http://www.businessinsider.com/real-warren-buffett-2011-4
From BR's Mac v. PC users charporn:
"58% of Mac people are “liberal,” as compared to 38% of PC people"
It was actually 62% and 38%...there was 4% Margin of Error in the Sampling.
Heh heh....could't resist the Fibonacci Fanboy Humor.
Tossed in a couple of charts below AR's Chart Porn.
So let me get this right. Comex raises margins (again) on silver. The LME reopens tomorrow. Who was about to go under due to margin calls before the raising?
I never could understand the concept of raising margins after a big move higher. The only people you're hurting with such a move are the folks who are short. It's almost like you're trying to force shorts to cover or something.
Odd.
Andy T
Apmex wants your silver: http://www.zerohedge.com/article/apmex-starts-reverse-inquiry-seeks-buy-any-quantity-silver-clients-3-over-spot
The fact that Silver has gone backward this year is a signal that that prompt inventories are tight...there's not doubt about that. The May/July spread looks flat to me...if not very slightly contango...so, the "dead, dead prompt" Silver must be backward, or lacking enough inventory to meet current demand.
I suppose that's not really a surprise at all if it's investor who are demanding and taking delivery...the shit's leaving to go into "someone's" vault somewhere and they "ain't" selling it right now.
Ebay demand for the 'junk' as been stella'.
AR & AT,
thx for the charts, comments.
Oh, check out this crazy contraption... kinetic sculpture
They are putting a serious beatdown on silver in the after hours. Trying to get it back to Thursday prices. I guess the last thing they wanted was a margin call early in the morning.
Oh and JBTFD since margin increases have a half life of hours.
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