"These are tears of joy."
Creditcane™: Yo hablo español ahora.
SPXBearish long day. Midpoint below EMA(10). Tested and failed SMA(55). Tested and held the 50.0% minor retrace (1357.98). Failing the lower trend line (10/4-11/28). New low on daily 3LB (reversal is 1419.04). QE2infinity.
DXYSpinning top day. Midpoint above EMA(10). Tested and failed the 50.0% minor retrace (79.96). Tested and held SMA(21,89). No daily 3LB changes (reversal is 78.98).
VIXBullish long day (another failed hanging man confirmation). Midpoint above EMA(10). Tested and held SMA(89). Tested and held its 50.0% minor retrace (20.22). New high on daily 3LB (reversal is 16.44).
GOLDBullish short day. Midpoint below EMA(10). Tested and failed its 50.0% retrace (1661.00). Tested and held SMA(21). No daily 3LB changes (reversal is 1706.50). Back above monthly 3LB mid. Must have the precious.
EURUSDSpinning top day. Midpoint below EMA(10). Tested and failed SMA(89). Tested and failed its 50.0% minor retrace (1.3142). No daily 3LB changes (reversal is 1.3465).
JNKBearish long day. Midpoint below EMA(10). Tested and failed SMA(233). Tested and failed its 61.8% retrace (38.86). New low on daily 3LB (reversal is 39.16).
10YR YIELDBearish long day. Now below all SMA's. Midpoint below EMA(10). Failing its 38.2% minor retrace (21.37). New low on daily 3LB (reversal is 21.87).
WTIBearish long day (didn't confirm takuri). Tested and failed SMA(89). Midpoint below EMA(10). Failing its 61.8% retrace (102.98). New low on dally 3LB (reversal is 105.24). Not confirming the monthly 3LB reversal down.
SILVERBullish short day. Still failing all SMA's. Midpoint below EMA(10). Tested and failed its 38.2% minor retrace (32.01). No daily 3LB changes (reversal is 33.26).
BKXBearish long day. Midpoint below EMA(10). Still failing SMA(21). Still failing its 38.2% minor retrace (49.10). New low on daily 3LB (reversal is 49.00).
HYG/LQDBearish short day. Still failing all SMA's. Midpoint below EMA(10). Failing its 38.2% retrace (0.7808). New low on daily 3LB (reversal is 0.7825).
EEMBearish long day. Midpoint below EMA(10). Tested and failed SMA(89). Tested and failed its 50.0% retrace (41.81). New low on daily 3LB (reversal is 43.87).
AAPLBearish short day. Still above all SMA's. Midpoint above EMA(10). Tested and failed its 0.0% retrace (632.21). No daily 3LB changes (reversal is 618.63).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
11 comments:
http://finviz.com/quote.ashx?t=S&ty=c&ta=1&p=d
~2.66
looking like it wants to be ~2.50..
ibid.
~~
AmenRa,
as per, Sweet Wrappage!~
The bear laughs tonight.
Pretty ominous move on the S&P 500. The last wave up is clearly over and we are in the mode of sideways/lower movement for the next few weeks. Longs should be "long gone" if you were using the stops from last weekend. Speculators should be looking for rallies to sell into.
the 60 min. chart on the DXY just looks like some short term choppy sideways correction before it it takes another leg up....not bearish in the very short term.
Bobby Petrino ... shaking head.
Not because he was slamming some 25 year old ex-volleyball player...I can't blame him too much for that...she's pretty cute and in rocking shape.
But, dude...you can't be hiring your mistress using state funds at a state university.
That's why you're out of a job tonight.
I don't know about DXY. It's direction is down (2 bars) on the weekly 3LB and is still below its mid. There's also a wedge (10/11 low & 1/12 high) with a breakout around May. But it's still above the 50% retrace of the recent move higher. The weekly RSI(14) indicates sideways action like you mentioned (it's at 55.50 right now).
Holy Smokes!
This bear is hungrier than most thought!
The SNB is aware that the EURCHF peg at 1.20 is getting tested daily. Hope they're ready.
AT,
there's been a 'long trail' of "Questions"/"Questionable Behavior" 'circling' Petrino..
this, latest, episode shouldn't come as a 'Surprise'..
though, 'dude' was plucking, decent, "Fruit", from 'the Tree'..
so, for that, alone, he gets a +..
but, really, at the EOD, he's, long, been thought of as a - ..
ibid.
Please, please, please do not let the SPX recover its SMA(50). The algos will put the squeeze into overdrive.
So far so good. Bears put in a strong defensive line at the SMA(50). It's hard for the bulls to break through.
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