Creditcane™: Can you hear me now?!?
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21,55). Tested and failed the 38.2% minor retrace (1372.42). Failing the lower trend line (10/4-11/28). No daily 3LB changes (reversal is 1419.04). Had a weekly 3Lb reversal down. QE2infinity.
Bullish long day. Midpoint above EMA(10). Failing the 61.8% minor retrace (79.60). Tested and held SMA(21,55). No daily 3LB changes (reversal is 80.08). Still below weekly 3LB mid.
Bullish long day. Midpoint above EMA(10). Tested and held SMA(89). Tested and held its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 20.39).
Bullish short day. Midpoint below EMA(10). Failing its 50.0% retrace (1661.00). Failing SMA(21). No daily 3LB changes (reversal is 1706.50). Still below its monthly 3LB mid. Must have the precious.
Bearish long day. Midpoint below EMA(10). Now failing all SMA's. Tested and failed its 50.0% minor retrace (1.3142). No daily 3LB changes (reversal is 1.3465).
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 38.2% minor retrace (39.62). No daily 3LB changes (reversal is 39.33).
Bearish long day. Still failing all SMA's. Midpoint below EMA(10). Tested and failed its 0.0% retrace (18.96). New low on daily 3LB (reversal is 19.52).
Bearish long day. Tested and failed SMA(144). Midpoint below EMA(10). Tested and failed its 50.0% retrace (99.04). Dally 3LB reversal down (reversal is 106.16). Back below the monthly 3LB mid.
Bullish short day. Still failing all SMA's. Midpoint below EMA(10). Tested and held its 61.8% minor retrace (29.92). No daily 3LB changes (reversal is 31.12).
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(55). Still failing its 38.2% minor retrace (49.10). No daily 3LB changes (reversal is 49.00).
Bearish short day. Tested and failed SMA(55,89). Midpoint below EMA(10). Tested and failed its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7676).
Bearish short day. Midpoint below EMA(10). Tested and held SMA(21). Failing its 50.0% retrace (3.846). New low on daily 3LB (reversal is 3.843).
Bearish long day. Tested and failed SMA(55). Midpoint below EMA(10). Tested and failed its 50.0% minor retrace (577.84). No daily 3LB changes (reversal is 560.28). Closed rising window (3/13/12-3/14/12).
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(144). Tested and failed its 38.2% retrace (3.02). New low on daily 3LB (reversal is 3.10).
WEEKLY CONFIRMATION new low 53.17
trend=no
direction=down (2 bars)
low= 53.17
rev= 59.19; mid=56.18
monthly info -no change (above mid)
trend=no; direction=down (2 bars)
low= 48.27; rev= 60.87; mid= 54.57
IT HAS BEGUN. YOU HAVE BEEN WARNED.
17 comments:
Creditcane™: Can you hear me now?!?
AR,
no doubt..~
AAIP
http://www.ft.com/intl/cms/s/0/278412e6-9538-11e1-8faf-00144feab49a.html?ftcamp=published_links%2Frss%2Fworld_uk%2Ffeed%2F%2Fproduct#axzz1u0HGXfcR
Wealthy French eye move across the Channel
@Bruce.
Shocker.
People leave the country when you take their money.
The whole oil complex felt punk last week.
Very soft feel and it looks a bit like a break down on the WTI. Should get a bounce back early this week, but energy feels very weak right now.
Something tells me LUV gets rocked on their fuel hedging strategy this time around...they'll go 'full circle' on the ol "commodity hedging experience."
Heading to Findlay, OH today to take some guys golfing tomorrow. Why does a big oil company remain in Findlay, OH? Planes, trains and automobiles to get there....
Weekly 3LB Update 5/4/12
Hollande wins the election in France.
The anti bailout parties win in Greece.
Amazing how bustling and full these airports are... what recession?
Currently a bloodbath (bear feeding frenzy) in futures. Will it hold to the open or will the bears' stomach be too full?
Hope you had a good outing with the Marathon suits :D They should move to Houston, like everyone else.
Let me know when you decide to get in on COP. I like the story, but I'm a little skittish about getting into energy at this moment.
SNB keeping busy tonight as EURCHF had a low of 1.1904 so far this evening.
http://www.nytimes.com/2012/05/07/business/stock-trading-remains-in-a-slide-after-08-crisis.html?_r=2&ref=business
Stock Trading Is Still Falling After ’08 Crisis
Effin futures are well of their overnight lows. What was the catalyst? They don't believe the elections will cause too much trouble?
LOL! Check out the run-up in U.S. equity futures. I guess we are back to 1. Bad news means more QE and 2. Good news is good news.
The risk assets markets can climb ANY wall of worry.
Matthew
There can be no QE in the US until the FOMC Dec meeting. The Fed doesn't want to lose its independence by appearing to influence the election. There will be happy talk in the EU but that's all it will be. The debt isn't going anywhere.
Tossed in a chart of COP for those who might be interested.
http://finviz.com/quote.ashx?t=VHC
this Trade has been working well..
~~
you could these off
2.50 S120511C00002500 0.03 Up 0.01 0.02 0.03 296 1,965
for ~1%, expiry Friday..
http://finviz.com/quote.ashx?t=S&ty=c&ta=1&p=d
AAIP
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