Creditcane™: That wasn't weird. A/D>1, NH>NL, TICK hit new highs and market closed lower. That's my power.
SPXBearish short day. Midpoint above EMA(10). Holding above SMA(55). Holding above the 38.2% minor retrace (1372.42). Failing the lower trend line (10/4-11/28). No daily 3LB changes (reversal is 1419.04). QE2infinity.
DXYGravestone doji day (ruh roh?). Midpoint below EMA(10). Tested and failed the 61.8% minor retrace (79.60). Tested and held SMA(21). No daily 3LB changes (reversal is 78.98). Still below weekly 3LB mid.
VIXBearish short day. Midpoint above EMA(10). Tested and failed SMA(89). Tested and failed its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 16.44).
GOLDBearish short day. Midpoint below EMA(10). Still failing its 50.0% retrace (1661.00). Tested and failed SMA(21). No daily 3LB changes (reversal is 1706.50). Back below monthly 3LB mid. Must have the precious.
EURUSDBearish short day. Midpoint below EMA(10). Tested and held SMA(89). Tested and failed its 50.0% minor retrace (1.3142). No daily 3LB changes (reversal is 1.3465).
JNKBullish short day. Midpoint above EMA(10). Tested and held SMA(21). Holding above its 61.8% retrace (38.86). No daily 3LB changes (reversal is 38.69).
10YR YIELDBearish short day. Still failing all SMA's. Midpoint below EMA(10). Failing its 38.2% minor retrace (21.37). No daily 3LB changes (reversal is 21.59).
WTIBearish long day. Tested and failed SMA(89). Midpoint below EMA(10). Tested and held its 61.8% retrace (102.98). No dally 3LB changes (reversal is 105.68). Not confirming the monthly 3LB reversal down.
SILVERBearish short day. Still failing all SMA's. Midpoint below EMA(10). Failing its 38.2% minor retrace (32.01). No daily 3LB changes (reversal is 33.26).
BKXBearish short day. Midpoint above EMA(10). Still failing SMA(21). Still failing its 38.2% minor retrace (49.10). No daily 3LB changes (reversal is 49.00).
HYG/LQDBullish long day. Tested and held SMA(144). Midpoint below EMA(10). Failing its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7825).
COPPERSpinning top day. Midpoint below EMA(10). Tested and held SMA(144). Tested and failed its 38.2% retrace (3.653). No daily 3LB changes (reversal is 3.717).
AAPLSpinning top day (didn't confirm bullish piercing). Tested and failed SMA(21). Midpoint below EMA(10). Holding above its 38.2% minor retrace (592.47). No daily 3LB changes (reversal is 636.23).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
24 comments:
Andy T
Nice Mises quote.
b22
Those shoes are to be worn barefoot?
Ra,
I guess so, or thats how I see everyone wearing them
I think you have to because your toes slide into the slots, socks probably wouldn't work, unless you had the socks with individual toe holes
I know someone that got a pair recently and they said the first week they hurt like hell to wear but then after that they loved them
they're ugly, I'll say that much about them
also a thumbs up for the QOTD. noice.
Ra,
re: tick
I really don't interpret tick really well, I struggle with that indicator
basically...I've got nothing on that front....haha
b22
Usually used in intraday trading. Extreme readings usually indicate a overbought/oversold condition.
Ra,
sure, I'm familiar with what it is, but tick can cover such a wide range in as little as 5 minutes I'm never ever trading that short term so just not a tool that applies much to what I'm doing/looking at....therefore, I really I have no clue what any single day in there means
I've only seen a little bit of work on the longer term studies on it but the best stuff seems to be some basic short term mechanical systems with it.
b22
What I like to look at is the weekly. If there is a very low TICK reading and the following week closes even lower but TICK doesn't then a oversold condition exists (and vice versa).
Ra,
that makes sense
do you combine it with anything else to help with some confirmation?
b22
I look at MACD to see if it changed direction and started rising. Williams %R to see if went below 10 and turned up.
Initial claims 386k exp 370k prev 388k (revised from 380k). Expect next weeks revision 2b 390k.
Existing home WTE, Philly Fed WTE, LEI BTE (but down m/m). Market reversed hard but is now back up. Must be due to Fed whisperings.
Talk about bipolar:
Bloomberg (10:33): US Stocks Decline as Economic Data Offsets Earnings
Bloomberg (10:59): US Stocks Advance as Earnings Offset Economic Reports
GMAFB...
Roundup Herbicide Linked To Parkinson's-Related Brain Damage
Sayer Ji, Contributor
Activist Post
Alarming new research published in the journal Neurotoxicology and Teratology supports the emerging connection between glyphosate, the active ingredient in Roundup herbicide, and neurodegenerative conditions such as Parkinson’s disease and Parkinsonian disorders.
Published this month (April, 2012), the new study entitled "Glyphosate induced cell death through apoptotic and authophagic mechanisms," investigated the potential brain-damaging effects of herbicides, which the authors stated "have been recognized as the main environmental factor associated with neurodegenerative disorders, such as Parkinson’s disease." ..."
http://www.activistpost.com/2012/04/roundup-herbicide-linked-to-parkinsons.html
MON should go to -0- ..
AAIP
Ra,
11:13
thats funny. same author? that'd be even better
hmmmm...
U.S. Stocks Little Changed as Earnings Offset Economy
By Nikolaj Gammeltoft and Inyoung Hwang
This is the new title for both articles. So it was the same article that kept changing titles.
SEC going after Egan Jones....nice.
Andy T
I saw that. Egan Jones downgraded the US twice. Administration figures with all of the hoopla over EU debt and WTE economic data that taking out a particular credit rating agency would go virtually unnoticed.
SPX rejected SMA(21). Got about as close as it could. Even with SMA(21) sloping down didn't help.
Appears the bears said "to hell with opex" follwed by "come get some". SMA(50) was collateral damage.
I'm still amazed that there is very little movement in DXY, EURUSD, AUDJPY, EURCHF or GOLD.
"MON should go to -0- .."
aw, come on AAIP
whats wrong with spraying a little agent orange around your garden to kill some weeds?
;-)
I actually prefer to use salt to kill weeds. That does depend on the area that needs it. Mainly for vegetation killing sprees.
Dear DU Supporter,
As we celebrate our 75th Anniversary we want to thank our DU members and volunteers who have enabled us to achieve important victories for wetlands and waterfowl. Together we've conserved more than 12 million acres of vital waterfowl habitat across North America.
But right now...
We have a real fight on our hands.
The challenges we face today are more serious than ever. The rate of wetlands loss has increased 140% in the last seven years. Since 1950 U.S. wetland loss equals more than the surface area of Lakes Superior and Erie combined.
How you can help: Support our 75th Anniversary campaign with a gift of $40 or more today and we will send you the DU 75th Anniversary Performance Pullover....
https://www.ducks.org/support/donateonlinesecure.aspx?promokey=75PULOVR&RESPONSECODE=75PLOVR&ID=1459&Memberkey=&hq_e=el&hq_m=2748012&hq_l=1&hq_v=0c2be429c6
ibid.
Why does it feel like Apple is going to one day fill that 431-443 Gap on the Daily chart....
Post a Comment