"Let the Greaving begin..."
Creditcane™: Be very afraid of long weekends. With US markets closed anything can happen.
Spinning top day. Midpoint below EMA(10). Tested and failed SMA(144). Holding above the 38.2% retrace (1296.82). No daily 3LB changes (reversal is 1330.66). QE2infinity.
Bullish short day. Midpoint above EMA(10). Holding above the 0.0% retrace (81.50). Still above all SMA's. New high on daily 3LB (reversal is 81.49). Had a weekly 3LB reversal up.
Spinning top day. Midpoint below EMA(10). Tested and held SMA(144). Tested and held its 38.2% minor retrace (21.62). No daily 3LB changes (reversal is 25.10).
Bullish short day. Midpoint below EMA(10). Failing its 61.8% retrace (1598.10). Failing all SMA's. No daily 3LB changes (reversal is 1536.60). Still below its monthly 3LB mid. Must have the precious.
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 0.0% retrace (1.2782). New low on daily 3LB (reversal is 1.2715).
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Holding above its 50.0% retrace (38.24). No daily 3LB changes (reversal is 39.23).
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 0.0% retrace (17.76). No daily 3LB changes (reversal is 17.02).
Doji day (didn't confirm bullish harami). Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% retrace (95.03). No dally 3LB changes (reversal is 93.19). Still below the monthly 3LB mid.
Bullish short day. Still failing all SMA's. Midpoint below EMA(10). Failing its 61.8% minor retrace (30.00). No daily 3LB changes (reversal is 28.89).
Spinning top day. Midpoint below EMA(10). Holding above SMA(144). Holding above its 50.0% retrace (43.76). No daily 3LB changes (reversal is 44.83).
Bearish long day. Tested and failed SMA(21). Midpoint above EMA(10). Tested and failed its 61.8% minor retrace (0.7643). No daily 3LB changes (reversal is 0.7841).
Spinning top day. Midpoint below EMA(10). Failing all SMA's. Tested and held its 61.8% minor retrace (3.423). No daily 3LB changes (reversal is 3.517).
Bearish short day. Tested and failed SMA(21). Midpoint above EMA(10). Tested and failed its 61.8% minor retrace (563.20). No daily 3LB changes (reversal is 530.12).
Spinning top day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 38.2% minor retrace (15.38). No daily 3LB changes (reversal is 14.81).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
23 comments:
http://www.bbc.co.uk/news/business-18203209
"Thailand has reported a surprise fall in its exports for April because of falling demand from key markets such as Europe and the US.
Shipments fell 3.7% from a year earlier. Many analysts had forecast an increase of more than 3%."
...it is interesting that when things like shipments are reported that declines maybe can be accepted as fact...unlike housing starts and other variable data..
They need to keep the hope alive BinT.
In recover mode today...
Wife's B-day was last night...I hosted a catered in Italian dinner with an "open bar."
Our friends celebrated accordingly...and I've won good "husband points" for at least a few weeks.
Weekly 3LB Update 5/25/12
Andy T
Happy belated birthday to your wife.
Great game. If it wasn't for that lull where OKC couldn't make any shots they would have won. Westbrook should have stopped going uncontrolled to the hoop.
BTW why are futures screaming higher? Was it because ND has the lead in the opinion polls? It's a f'in OPINION POLL. Plus the MSM has been told to ignore any poll that shows the other party in the lead.
n/m I just remembered that this happens when US bonds aren't trading.
http://www.athensnews.gr/portal/8/55820
Fragile lead
Analysts said New Democracy's lead was precarious. "These polls show that people got scared from Syriza's lead in previous surveys," said political analyst John Loulis.
"This is still a very tight race. New Democracy has a small advantage but whoever called them favorites would be dead wrong," he added.
Syriza, , is doing particularly well among the young who are particularly hit by unemployment, pollster Pulse said.
New Democracy, by contrast, had a big lead among the over-60s, Pulse said.
In a bid to woo anti-bailout voters, conservative leader Samaras said on Saturday, that Greece should be given more time to comply with a bailout term to generate about 11.5 billion euros in savings over the next two years.
"All new spending cuts should take place over four years, not two," he was quoted as saying by Real News.
The bailout deal allows for a possible relaxation of the country's bailout targets if its recession worsens.
***Funny how the MSM didn't mention this.
http://www.zerohedge.com/news/bankia-parent-revises-2011-profit-€41-million-€33-billion-loss
Bankia Parent Revises 2011 "Profit" Of €41 Million to €3.3 Billion Loss
It is rather amazing what one finds when a company which previously had allegedly posted a profit of €41 million, somehow becomes insolvent, needs a nationalization to avoid a full out liquidation, and gets bailed out by the state. One of the first things one finds is that the profit pitched to that particular class of gullible idiots, known as shareholders, was an outright lie. And yes, on that one very rare occasion when an auditor refuses to sign off on a bank's financials, in this case Deloitte, run far, and run fast. Instead what one finds is a massive loss. From Reuters: "BFA, the parent group of nationalized Spanish bank Bankia said on Monday it had restated its 2011 results to reflect a 3.3 billion euro loss, rather than a 41 million euro profit, following a bailout from the state. In a statement to the stock exchange regulator, BFA said the restated loss reflected a review of its loan portfolios and capital needs after a new audit and as part of the clean-up plan implemented by the government."
Forgot to add Bankia gets nationalized and last years meager profit turns into a huge loss. I wonder if the US banks have similar issues?
Sorry to have been so "out of pocket" last several days.
On top of the friday party i had to host, we also host a big Memorial Day pool party at our place.
We celebrated Memorial day how any red-blooded Americans might... Fajitas, ritas, and massive blow up waterslide...."America, Fuck Yeah!"
FB on the verge of breaking the 30 handle.
Bulls acting like the Borg "you will be assimilated". But the move feels weak. When will talking heads stop repeating that Greece has been priced in. It hasn't. 10yr yield is lower so this move up is temporary.
Consumer confidence misses by 6.88%. Actual 64.9 consensus 69.7.
Market is desperately trying to squeeze shorts but I'm getting the feeling shorts are adding to positions and not selling.
Dallas Fed Mfg -5.1, prior -3.4, consensus 3.0
State Street Investor Confidence 86.4, prior 87.1
Market MUST be expecting QE3 at the Fed's June meeting.
Ruh roh. Is CNBS about to get that look of a deer caught in the headlights?
This seems appropriate: http://www.youtube.com/watch?v=j43sT9YhqqA
Internals look ok
NH/NL= 1.64
A/D= 1.53
VU/VD= 2.4
TRIN= 0.71
PCR= 1.04
BUT that's not going to be enough. It's heading lower and will be flat to down at the close.
Facebook.....
You can since johnny retail panicking now.
Last week there was still some hope: "Honey, I'm just going to hold this thing now. I know i will bounce back."
puking it now.
WTF???? EURUSD heads lower into the close and the US markets run higher. Are they pissed that shorts didn't cover? The 10yr almost broke to new lows and the market is still higher. Fugg it. This is some BS.
Should've known the algos would do the slam higher move today. Just when weakness was setting in.
Post a Comment