Somewhere in a secret room in the subbasement of 33 Liberty Street...
In brightest day, in blackest night,
No shorts shall escape my sight
Let those who worship the shorts might,
Beware my power, PPT's light!!!
Creditcane™: Here I come to ruin your day!
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(144). Holding above the 38.2% retrace (1296.82). No daily 3LB changes (reversal is 1295.22). QE2infinity.
Bullish long day. Midpoint above EMA(10). Tested and held the 0.0% retrace (82.61). Still above all SMA's. New high on daily 3LB (reversal is 82.35).
Bullish short day. Midpoint above EMA(10). Now above all SMA's. Holding above 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 (1600.40). Failing all SMA's. No daily 3LB changes (reversal is 1538.90). Still below its monthly 3LB mid. Must have the precious.
Bearish long day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 0.0% retrace (1.2546). New low on daily 3LB (reversal is 1.2526).
Bullish short day. Midpoint below EMA(10). Now failing all SMA's. Holding above its 50.0% retrace (38.24). No daily 3LB changes (reversal is 39.23).
Bearish long day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 0.0% retrace (17.76). Daily 3LB reversal down (reversal is 17.93).
Bearish long day (completed falling three method). Still failing all SMA's. Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (89.06). New low on dally 3LB (reversal is 92.94). 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).
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(144). Tested and failed its 50.0% retrace (43.76). No daily 3LB changes (reversal is 44.83).
Doji day. Still failing all SMA's. Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (0.7643). No daily 3LB changes (reversal is 0.7841).
Bearish long day. Midpoint below EMA(10). Failing all SMA's. Tested and failed its 61.8% minor retrace (3.423). New low on daily 3LB (reversal is 3.478).
Bullish short day. Tested and held SMA(21). Midpoint above EMA(10). Tested and held its 50.0% minor retrace (577.84). New high on daily 3LB (reversal is 561.28).
Bearish long day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 38.2% retrace (0.7800). New low on daily 3LB (reversal is 0.7927).
Bearish long day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 61.8% retrace (2.79). New low on daily 3LB (reversal is 2.86). This will keep BB in check.
IT HAS BEGUN. YOU HAVE BEEN WARNED.
34 comments:
Love, love the Green Lantern reference.
For what it's worth, in the trading world that I live in ... things like olefins (the building blocks to materials, plastics, etc) are cratering and gas liquids...naptha, butane, propane, ethane...all getting rocked hard.
Been getting slammed for several weeks now.....
Not really a great "signal"....
This DXY action today should be considered 'scary'...
How long before RBOB prices are reflected at the pump?
10yr yields are currently below todays low of 1.619%.
Andy T
Do you use EW in evaluating those?
http://www.wnyc.org/npr_articles/2012/may/30/fda-rules-corn-syrup-cant-change-its-name-to-corn-sugar/
FDA Rules Corn Syrup Can't Change Its Name To Corn Sugar
Corn-based-sweetener manufacturers may be singing a sour tune today. The Food and Drug Administration just ruled that the ubiquitous high fructose corn syrup that sweetens many of our candies, sodas and snacks cannot be called "corn sugar." But much like Arnold Schwarzenegger's Terminator character, they'll probably be baaack.
Way back in September 2010, the Corn Refiners Association petitioned the FDA to allow it to call HFCS corn sugar instead, arguing that consumers have a bad impression of HFCS because of its complicated name.
10yr yield 1.614% currently...
you know, with these 'Long Yields' (USTreas.)..
I seem to be hearing a lot of revisionist "I was tryin' tell ya.." / "It's been 'Workin; out' Reeall Welll for Us.." / "I know, @3 it was a 'tough call', but "We stuck with it.." ...
type of ker-Flabber..
but, I don't recall 'Anybody' talking of going Long 'Zeros' or ZROZ..
http://finviz.com/quote.ashx?t=ZROZ&ty=c&ta=0&p=w
shades of '88 -- when 'everybody, and their Sister, 'Called the Crash'..
AAIP
How long before RBOB prices are reflected at the pump?
AmenRa,
you know 'How it Go'..
as Lonngg as Possible..
ibid.
ADP
NFP 133K, GP 1K, SP 132K, MFG -2K
SPX futures higher but below fair value. 10yr yield low today 1.593%.
Chicago PMI will be WTE since those who pay for it get it 3 minutes earlier than the official release.
Yep
Chicago PMI 52.7, prior 56.2, consensus 56.1
10yr new low 1.590%...
Doesn't appear 2b any selling exhaustion just yet.
James Bianco has a chart using Treasury Constant Maturity showing 10yr yields back to 1790: Biano article
According to his numbers we are 15bps from a 220 year low.
The chart: http://www.ritholtz.com/blog/wp-content/uploads/2012/05/lt3053017902_big3.gif
10yr 1.566%
K-A-T-H-E-R-I-N-E!!1
Just looked at silver again....
Wow.
Guess silver WAS a sell in the 40's....
That move in silver on 2/29/12 was the bell ringing.
The usual move into the EU close has begun. But will it continue after the close?
Brian Sack must be still at the NYFRB...
A rumor that the IMF will back Spain. How? The US isn't giving it any more money. Germany has to deal with the EU. So again, how?
10yr low of the day 1.533%. Will it get tested again before the day is over?
The morning star that was forming on the weekly JPM chart is going supernova.
CANNOT...CLOSE...BELOW...1300...B4...NFP...
NH/NL 0.27 or 3.7:1
A/D 0.94 or 1.06:1
VU/VD 0.53 or 1.89:1
TRIN 1.07
PCR 1.05
VIX 23.90 (-0.99%)
I hope NFP is BTE so it will instantly squash dreams of QE.
Did anyone look at HYG/LQD? HYG got smashed.
This is the problem with Keynes...
If the globe was spending more than it brought in(countries) prior to the downturn, what happens when your stimulus doesn't right the ship? You just have tremendous additional debt to service..
Well I'll give the bulls credit. They really did all they could to close higher. But to no avail.
I'm also looking at this: http://www.irishtimes.com/topics/fiscal-treaty-referendum/?via=rel
If this doesn't pass then Greece's Syriza has a better chance of winning the election. Voting closes at 5PM EST (10PM in Ireland).
Nuevo.
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