Creditcane™: Two out of three ain't bad. That's a little more than 61.8%.
SPXHanging man day. Midpoint above EMA(10). Held SMA(55). Tested and failed the 50.0% retrace (1204.58). No daily 3LB changes (reversal is 1099.23). QE2infinity.
DXYSpinning top day. Midpoint below EMA(10). Tested and failed the 61.8% retrace (77.27). Failing SMA(21). No daily 3LB changes (reversal is 79.60). Not confirming the monthly 3LB reversal up.
VIXBearish short day. Midpoint below EMA(10). Failing SMA(55). Holding above its 50.0% retrace (29.84). No daily 3LB changes (reversal is 25.25). Still running away from the "extreme fear" zone.
GOLDSpinning top day. Midpoint above EMA(10). Holding above its 50.0% retrace (1651.50). Tested and held SMA(89). No daily 3LB changes (reversal is 1757.30). Must have the precious.
EURUSDDoji day (possible bearish harami). Midpoint above EMA(10). Held SMA(21). Holding above its 38.2% minor retrace (1.3657). No daily 3LB changes (reversal is 1.3217).
JNKBearish harami day. Midpoint above EMA(10). Tested and held SMA(21). Holding above its 61.8% minor retrace (36.86). No daily 3LB changes (reversal is 35.34).
10YR YIELDHanging man day. Tested and held SMA(55). Midpoint above EMA(10). Tested and held its 38.2% minor retrace (21.37). No daily 3LB changes (reversal is 20.68).
WTISpinning top day. Tested and failed SMA(55). Midpoint above EMA(10). Tested and failed its 50.0% minor retrace (85.62). No dally 3LB changes (reversal is 82.59). Not confirming the monthly 3LB reversal down.
SILVERBearish short day. Failing all SMA's. Midpoint above EMA(10). Tested and failed its 61.8% minor retrace (31.80). No daily 3LB changes (reversal is 36.58).
BKXBearish short day. Midpoint above EMA(10). Tested and failed SMA(55). Tested and failed its 61.8% minor retrace (38.43). No daily 3LB changes (reversal is 37.16).
HYG/LQDHanging man day (also bearish harami). Tested and held SMA(55). Midpoint above EMA(10). Tested and held its 61.8% minor retrace (0.7643). No daily 3LB changes (reversal is 0.7299).
USDJPYBearish harami day. Midpoint above EMA(10). Tested and failed SMA(55). Tested and held its 38.2% retrace (76.561). No daily 3LB changes (reversal is 77.63).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
9 comments:
Fitch Reviewing Global Trading and Universal Banks; Places Seven on Rating Watch Negative
In conjunction with a broad assessment of the ratings for the largest banking institutions in the world, Fitch Ratings is conducting a review of the global trading and universal banks in its rating portfolio. As part of that review, Fitch has placed the Viability Ratings (VRs) of seven and the long-term Issuer Default Ratings (IDRs) of six global trading and universal banks on Rating Watch Negative. At the same time, Fitch has placed the short-term IDRs of four of the banks on Rating Watch Negative.
The banks impacted by these rating actions are as follows:
* Bank of America
* Barclays Bank plc
* BNP Paribas
* Credit Suisse AG
* Deutsche Bank AG
* The Goldman Sachs Group, Inc.
* Morgan Stanley
* Societe Generale
Fitch expects to resolve the Rating Watch Negative within a short time frame and to take corresponding rating actions where warranted.
Reuters link on Fitch action: http://www.reuters.com/article/2011/10/13/us-usbanks-ratings-idUSTRE79C6GY20111013
http://www.bloomberg.com/news/2011-10-13/greece-s-bondholders-brace-for-bigger-losses-to-solve-crisis-euro-credit.html
Greece’s Bondholders Brace for Bigger Losses to Solve Crisis
http://www.zerohedge.com/news/so-much-eurusd-breaking-13800-sp-cuts-spain-aa-aa
S&P Cuts Spain To AA- From AA
VIX chart looking really interesting ra
today's cartoon was hilarious, I got a really good laugh over that, thanks man
Cash on the sideline has always been a "myth"...
http://www.businessinsider.com/cash-on-the-sidelines-is-a-myth-2011-10
Ra--
That cartoon....
Classic.
I'll be staying in Vegas this weekend...
Checking at the Cosmopolitan hotel....cause I want to seem "cooler" than I really am...and I just want to hang with the other 1%'ers....
Bwahahahaha.
I'll be putting a DIME on Texas A&M over Baylor.
ben22
Each time VIX gets near this support it goes back to test the 40's.
ben22 & Andy T
We've all had one of those days.
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