JNK (weekly info)-no change (below mid)
trend=down
low= 39.38
rev= 40.88; mid= 40.13
JNK is battling the SMA(89). It's trending down on the weekly 3LB. The low from two weeks ago barely avoided taking out the low from August 2010. The MACD is moving higher (but still below zero). The Williams %R has worked off the oversold condition. Last week made a higher low. So JNK hasn't given up the ghost just yet.
90 Day UST (weekly info)new low 0.01
trend=down
low= 0.01
rev= 0.07; mid= 0.04
90 Day UST made another weekly low last week. It can't get much lower. Right? This indicates that the Fed is nowhere near to raising rates. When this market says jump, the Fed asks "how high?"
3 Month vs Overnight Libor (daily info)Finally decided to tick higher after weeks of declining. Are they starting to recognize that all is not well?
14 comments:
AR -- thanks again for the charts. We have a nephew at Bradley now :-) Its a nice place.
Jennifer
Yes it is. It has changed some since I was there. A strip mall has replaces the area where my off campus housing was located. Figures.
Shaping up for another day of Cell Block C for the bears...
Why do they keep saying that a Greek default oudl be the worst of all outcomes? Instead of being forced to pay down debt for 30-100 years just default and come back to the market in 3-5 years.
I think the trend on the economic numbers is a little more troubling right here than is being generally reported.
http://www.briefing.com/investor/calendars/economic/2011/06/27-01/
Case-Shiller is down 3.96, and yet the headline is that 16 cities had slight increases. Core prices were up .3%, WTE, and spending was completely flat.
I have been reading a few thoughts on when and how "transitory" inflation becomes entrenched inflation. OR stagflation.
Perhaps we are there....
Consumer confidence released "early". It fell to 58.5 from a revised 61.7.
...Richmond Fed must be really bad if other economic reports are released early just to soften the blow.
SKEW up over 3% yesterday so there was quite a bit of oom option buying.
Been a little distracted last 24 hours. Blowing out my office. I probably dumped 100lbs of paper, etc last night. It's amazing how much shit one collects over the years.
http://www.craigslist.org/about/best/rcs/2368807117.html
If this is another triangle forming on the S&P500, we should start seeing some resistance very soon...it should be able to take out last week's high at 1298.6.
Someone had a real man of genius moment here....
http://www.wimp.com/marketingcampaign/
Pretty amazing idea.
...and yet there are still more New Lows than New Highs.
http://finviz.com/futures_charts.ashx?t=SB
the 'Sweet Stuff' has been on a tear..
now ~27 ..
AAIP
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