Creditcane™: Weakened by Apple body blows. The fight isn't over yet.
SPXBullish long day. Midpoint above EMA(10). Tested and held SMA(21). Tested and held 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.
DXY
Bearish short day. Midpoint below EMA(10). Failing the 61.8% minor retrace (79.60). Tested and held SMA(144). No daily 3LB changes (reversal is 78.98). Still below weekly 3LB mid.
VIX
Bearish short day (closed gaps from 2 & 12 days ago). Midpoint below EMA(10). Tested and failed SMA(21,55). Failing its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 16.44).
GOLD
Doji day. Midpoint below EMA(10). Still failing its 50.0% retrace (1661.00). Still failing all SMA's. No daily 3LB changes (reversal is 1706.50). Still below monthly 3LB mid. Must have the precious.
EURUSD
Bullish short day. Midpoint above EMA(10). Tested and held SMA(55). Tested and held its 61.8% minor retrace (1.3227). No daily 3LB changes (reversal is 1.3465).
JNK
Bullish long day. Midpoint above EMA(10). Tested and held SMA(233). Tested and held its 38.2% minor retrace (39.62). New high on daily 3LB (reversal is 39.20).
10YR YIELD
Spinning top day. Still failing all SMA's. Midpoint below EMA(10). Failing its 38.2% minor retrace (21.37). No daily 3LB changes (reversal is 19.88).
WTI
Spinning top day. Tested and held SMA(21). Midpoint above EMA(10). Tested and held its 61.8% retrace (103.42). No dally 3LB changes (reversal is 105.68). Not confirming the monthly 3LB reversal down.
SILVER
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Tested and failed its 50.0% minor retrace (30.97). New low on daily 3LB (reversal is 33.17).
BKX
Spinning top day. Midpoint above EMA(10). Tested and failed SMA(21). Still failing its 38.2% minor retrace (49.10). No daily 3LB changes (reversal is 49.00).
HYG/LQD
Bullish short day. Now above all SMA's. Midpoint above EMA(10). Tested and held its 38.2% retrace (0.7808). Daily 3LB reversal up (reversal is 0.7676).
COPPER
Spinning top day. Midpoint above EMA(10). Holding above SMA(144). Holding above its 38.2% retrace (3.653). New high on daily 3LB (reversal is 3.626).
AAPL
Bearish short day (after huge gap higher). Tested and held SMA(21). Midpoint above EMA(10). Holding above its 38.2% minor retrace (592.47). Daily 3LB reversal up (reversal is 560.28).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
12 comments:
"...Better for selling than buying..."
from previous Thread..
Yes, of course, the ol' Adage: "ABS"..
has, little, to do with 'Anti-Lock Brakes'..
"Always Be Selling" ..!~
AAIP
AT,
I've done quite a few covered calls on AAPL, not the same but that's produced some nice income in various months
those options have a lot of juice in them, which I'm sure is no surprise to anyone, so yeah, the time decay can be really nice at the right times
its like the whole David Tepper
"someone just threw money on the ground, do you want to pick it up"
Market just can't move lower. Lemme guess...the WTE Weekly Claims gives more hope for QE. Give it up already. Unless the SPX is under 1200 and Dow back under 10k the Fed will sit pat. Let TBTF whine like children.
30.00 GNC120519P00030000 0.10 0.00 0.05 0.15 18 393
35.00 GNC120519P00035000 0.20 0.00 0.10 0.25 27 188
http://finance.yahoo.com/q/op?s=GNC&m=2012-05
30.00 GNC120922P00030000 1.15 0.00 0.75 0.90 1 82
35.00 GNC120922P00035000 1.85 Down 0.15 1.65 1.85 10 71
http://finance.yahoo.com/q/op?s=GNC&m=2012-09
or, if "Buying" is, really, necessary..
GNC Puts..(??)
AAIP
McB,
those AAPL 'Calls' are Ripe for the Selling, no?
good to see that took advantage of that..~
also, re: those Dudes that you had mentioned to me..We're 'leaving them be', for the Time being..
Other 'Fish' "on the Line", so to speak..
but, if you would, keep an Eye on them, See if they move to 'Waters', closer to the Boat..~
ibid.
"someone just threw money on the ground, do you want to pick it up"
Classic.
Glengarry Glenross
"They want to give you their money."
ibid,
Will due, I just found out last week of some internal rumblings in there.....not sure what its really all about though, but if I hear of anything I will keep you posted.
and yeah, last year when aapl went into the long drawn out sideways moved there was a great time to be selling calls on it, the premiums on those options were constantly pretty large.
As for GlenGarry Glenross
what a great movie......
so many lines to quote, wouldn't even know where to start
"Will do"
rather than due.....
As for GlenGarry Glenross
what a great movie......
so many lines to quote, wouldn't even know where to start..
~~
x2
~~
"Will do"
rather than due.....
~~
Check.
~~
"...The Federal Reserve Bank of New York said it sold $7.5 billion of collateralized debt obligations linked to commercial mortgages to Barclays Plc (BARC) and Deutsche Bank AG. (DBK)
The joint winning bid “represents good value for the public and significantly exceeds the original price” the central bank paid for the assets, New York Fed President William C. Dudley said today in a statement on the regional bank’s website.
The New York Fed said on April 18 it was inviting eight broker-dealers to submit bids at auction after receiving “several” unsolicited requests to purchase the so-called MAX CDOs, which were held in its Maiden Lane III LLC portfolio. ..."
http://www.bloomberg.com/news/2012-04-26/fed-sells-cdo-debt-from-aig-rescue-to-barclays-deutsche-bank.html
the "Free Market", gotta 'luv it' ..
AAIP
do I get to realize any of those profits or are they simply
"on paper"
:-)
totally jacked for the nfl draft. I have given up on the saints for this year.
go texans.
AT
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