"What do you mean we're not invited to the weekend retreat?"
Creditcane™: CB's have to resort to rumors to try and stop me.
SPXBullish long day (BS day). Midpoint above EMA(10). Tested and held SMA(144). Holding above the 38.2% retrace (1296.82). No daily 3LB changes (reversal is 1332.42). Back above weekly 3LB mid. QE2infinity.
DXYSpinning top day. Midpoint below EMA(10). Failing the 0.0% retrace (83.11). Tested and failed SMA(21). New low on daily 3LB (reversal is 83.02).
VIXBearish long day. Midpoint above EMA(10). Tested and failed SMA(21). Tested and held its 38.2% minor retrace (21.62). No daily 3LB changes (reversal is 21.03).
GOLDDoji day. Midpoint above EMA(10). Holding above its 61.8% retrace (1600.40). Tested and failed SMA(55). No daily 3LB changes (reversal is 1559.40). Must have the precious.
EURUSDBullish short day. Midpoint above EMA(10). Tested and held SMA(21). Holding above its 0.0% retrace (1.2363). No daily 3LB changes (reversal is 1.2378).
JNKBullish long day (failed 2 confirm bearish harami). Midpoint above EMA(10). Holding above SMA(21). Holding above its 50.0% retrace (38.24). No daily 3LB changes (reversal is 38.69).
10YR YIELDDoji day (failed 2 confirm bearish engulfing). Failing SMA(21). Midpoint below EMA(10). Holding above its 0.0% retrace (14.67). No daily 3LB changes (reversal is 17.65).
WTIBullish long day. Still failing all SMA's. Midpoint below EMA(10). Failing its 38.2% minor retrace (85.75). No dally 3LB changes (reversal is 86.53).
SILVERBearish short day. Tested and held SMA(21). Midpoint above EMA(10). Failing its 61.8% minor retrace (30.00). No daily 3LB changes (reversal is 27.20).
BKXBullish short day. Midpoint above EMA(10). Tested and held SMA(144). Tested and held its 50.0% retrace (43.76). New high on daily 3LB (reversal is 41.00).
HYG/LQDBullish long day. Tested and held SMA(21). Midpoint above EMA(10). Tested and held its 61.8% minor retrace (0.7643). No daily 3LB changes (reversal is 0.7388).
COPPERBullish short day. Midpoint below EMA(10). Failing all SMA's. Tested and held its 50.0% minor retrace (3.352). No daily 3LB changes (reversal is 3.379).
AAPLDoji day. Tested and held SMA(89). Midpoint below EMA(10). Now failing its 50.0% minor retrace (577.84). No daily 3LB changes (reversal is 560.99).
EUFNBullish short day. Midpoint above EMA(10). Holding above SMA(21). Still failing its 38.2% minor retrace (15.38). No daily 3LB changes (reversal is 13.82).
Euro Stoxx 600new low 235.10
trend=down
low= 235.10
rev= 254.50; mid=244.60
IT HAS BEGUN. YOU HAVE BEEN WARNED.
13 comments:
Does anyone really think the Fed will do anything before their meeting?
If Miami loses tonight it's gonna be a VERY LONG plane ride home.
Now that it's over it seems that Miami doesn't have a chance in hell to win the series if they don't get a large lead early on. OKC needs to come out hard in Gm 3 from get go and it's over.
Is Greece enjoying the fact that they have the CB's scared shitless? Why would the CB's play their hand early?
If Syriza wins then gold should open up $50 on Sunday and the ECB balance sheet becomes worthless.
Has Merkel blocked calls from Geithner yet?
Bottom line is if the Fed comes to the rescue of the EU then their independence disappears.
When it's all said and done: Merkel: Germany won't be swayed by quick fixes
BERLIN (AP) -- German Chancellor Angela Merkel has underlined her determination to reject pressure for quick solutions at the Group of 20 summit, saying Europe must tackle its problems "at the roots" by lowering debt and increasing economic competitiveness.
Merkel said Friday that fueling growth through more government spending "will rather increase the problems than decrease them."
Speaking at a conference of a group representing family-owned companies, she acknowledged that Germany — Europe's biggest economy — will be a focus of attention at next week's G-20 summit of world leaders in Mexico.
Merkel said: "Germany will not be convinced by all the quick solutions," such as jointly issued eurobonds — favored by French President Francois Hollande. She insisted "you can only resolve a crisis of confidence if you tackle things at the roots."
Empire Mfg 2.29 prior 17.09 consensus 13.8
Industrial Production -0.1 prior 1.1 consensus 0.0
Capacity Utilization 79.0% prior 79.2% consensus 79.2%
Consumer Sentiment (UoM) 74.1 prior 79.3 consensus 77.5
Run Forrest Run!!!
No matter what the market is doing the 10yr yield says where the market wants to end the day.
Pres almost an hour late. Figures. What da hell is he waiting for? Does he think that by speaking closer to the close will help push markets higher?
All of the focus is on Merkel. Shouldn't it be on the Bundesbank? They are the ones who control the German monetary policy.
Bond market is much larger than equities. Today is a head fake (election or no election).
BTW option pain for SPY was 134 Just sayin'.
EURCHF has been below 1.20 most of the day. SNB has yet to cry "Uncle!"
New thread. Enjoy the weekend.
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