Creditcane™: I have kidnapped Santa. The kicker is that I'm not going to ask for ransom.
SPXBearish long day. Midpoint below EMA(10). Tested and failed SMA(21) & SMA(55). Tested and held the 50.0% retrace (1204.58). New low on daily 3LB (reversal is 1234.35). QE2infinity. Still above weekly 3LB mid but below the monthly 3LB mid.
DXYBullish long day. Midpoint above EMA(10). Tested and failed the 100.0% retrace (80.39). Holding above all SMA's. No daily 3LB changes (reversal is 79.14). Confirming the monthly 3LB reversal up.
VIXSpinning top day. Midpoint below EMA(10). Failing all SMA's. Failing its 61.8% retrace (26.16). No daily 3LB changes (reversal is 48.00). The grip of the "fear" zone has been eliminated (for now).
GOLDSpinning top day (didn't confirm morning star). Midpoint below EMA(10). Tested and held its 61.8% retrace (1592.30). Tested and held SMA(233). No daily 3LB changes (reversal is 1802.90). Must have the precious.
EURUSDBearish short day. Midpoint below EMA(10). Still failing all SMA's. Tested and held its 0.0% retrace (1.3022). No daily 3LB changes (reversal is 1.3252).
JNKSpinning top day. Midpoint above EMA(10). Holding above SMA(89). Failing its 50.0% retrace (38.24). No daily 3LB changes (reversal is 38.30).
10YR YIELDBearish long day. Failing all SMA's. Midpoint below EMA(10). Failing its 0.0% retrace (18.96). New low on daily 3LB (reversal is 20.68).
WTISpinning top day. Tested and held SMA(55). Midpoint below EMA(10). Tested and held its 38.2% retrace (93.17). No dally 3LB changes (reversal is 97.97). Not confirming the monthly 3LB reversal down.
SILVERBearish long day. Failing all SMA's. Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (29.76). New low on daily 3LB (reversal is 30.05).
BKXBearish long day. Midpoint below EMA(10). Tested and failed SMA(21,89). Tested and failed its 50.0% minor retrace (37.51). No daily 3LB changes (reversal is 40.05).
HYG/LQDSpinning top day. Tested and held SMA(21). Midpoint below EMA(10). Failing its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7693).
USDJPYBullish short day. Midpoint above EMA(10). Tested and held SMA(144). Tested and held its 50.0% minor retrace (77.650). No daily 3LB changes (reversal is 75.52).
COPPERBearish short day. Midpoint below EMA(10). Failing all SMA's. Tested and failed its 38.2% minor retrace (3.316). No daily 3LB changes (reversal is 3.615).
BACBearish long day. Midpoint below EMA(10). Failing all SMA's. Tested and failed its 0.0% retrace (5.03). New low on daily 3LB (reversal is 5.32).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
12 comments:
You get the feeling something bad is brewing for the bears as BAC closed under $5.00?
AR, If it's ok, I've got an S&P500 update to run tomorrow am.
Andy T
Go right ahead.
Futures are trying to put on an impressive show but on low volume (as usual).
AR. Friggin' love the tied up santa....
Instant classic.
Andy T
With all of the talk about the "Santa Claus Rally" I thought it would be appropriate.
http://ftalphaville.ft.com/blog/2011/12/19/805051/stark-and-draghi-on-the-haters/
Stark and Draghi on the haters
Jürgen Stark told Germany’s WirtschaftsWoche magazine what had already been guessed at — he decided to step down from the ECB not because of “personal reasons”, but because he didn’t like the bond-buying programme.
Thanks Ra, and funny santa!
BAC... woohoo! not much more to go on its way to $0.99. (POS stock)
AT, ya say SPX not bearish, been feeling the same... why I'm probably not in any trades for a few days now.
NAZ still needs to fill in a gap below, maybe a visit to 2450, SPX may follow to 1160, just a guess.
Noticed BWLD bucking the trend, close to breakout. territory.
http://www.zerohedge.com/news/bureau-labor-statistics-caught-red-handed-leaking-confidential-labor-data
Bureau Of Labor Statistics Caught Red Handed Leaking Confidential Employment Data
Basically states get the BLS info early but aren't supposed to discuss it until the official release. Yeah right.
QQQQ
BWLD pretty close to its all time high. The monthly 3LB is trending up and the weekly 3LB direction is down (but the price is above the weekly 3LB mid).
House moved the payroll tax cut to tomorrow. Why? Probably because checks didn't clear on time.
re: BWLD
I will say that their "Table-gating" ad-Campaign is pretty funny/sharp/insightful..
ibid.
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