"Q: How do you know when central bankers are lying? A: Their lips are moving."
Creditcane™: Hope is not a trading strategy.
SPXBullish long day (BS again day). Midpoint above EMA(10). Holding above SMA(144). Holding above the 38.2% retrace (1296.82). Daily 3LB reversal up (reversal is 1278.04). Closed above weekly 3LB mid. QE2infinity.
DXYBearish short day. Midpoint below EMA(10). Tested and failed the 38.2% minor retrace (81.70). Still failing SMA(21). New low on daily 3LB (reversal is 82.32).
VIXBearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and failed its 38.2% minor retrace (21.62). No daily 3LB changes (reversal is 21.03).
GOLDSpinning top day. Midpoint above EMA(10). Holding above its 61.8% retrace (1600.40). Tested and held SMA(55). No daily 3LB changes (reversal is 1559.40). Must have the precious.
EURUSDBullish short day. Midpoint above EMA(10). Holding above SMA(21). Holding above its 0.0% retrace (1.2363). New high on daily 3LB (reversal is 1.2391).
JNKBullish short day. Midpoint above EMA(10). Tested and held SMA(55). Holding above its 50.0% retrace (38.24). No daily 3LB changes (reversal is 38.69).
10YR YIELDBearish short day. Failing all SMA's. Midpoint below EMA(10). Holding above its 0.0% retrace (14.67). No daily 3LB changes (reversal is 17.65).
WTISpinning top 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. Holding above 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). Holding above its 50.0% retrace (43.76). New high on daily 3LB (reversal is 41.93).
HYG/LQDSpinning top day. Holding above SMA(21). Midpoint above EMA(10). Tested and failed its 61.8% minor retrace (0.7643). No daily 3LB changes (reversal is 0.7542).
COPPERBullish short day. Midpoint above EMA(10). Tested and held SMA(21). Tested and held its 50.0% minor retrace (3.352). Daily 3LB reversal up (reversal is 3.285).
AAPLBullish short day. Tested and held SMA(89). Midpoint below EMA(10). Still failing its 50.0% minor retrace (577.84). No daily 3LB changes (reversal is 560.99).
RBOB GasolineSpinning top day. Midpoint above EMA(10). Still failing all SMA's. Tested and held its 38.2% minor retrace (2.68). No daily 3LB changes (reversal is 2.72).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
7 comments:
Skew jumped 9.59% today. Someone was buying a whole lot of OOM options.
EURCHF close 1.1993. Sorry SNB. Time to pay up again.
Weekly 3LB Update 6/15/12
Don't laugh (another plan for a plan):
Broad euro-zone plan in progress: report
By MarketWatch
TEL AVIV (MarketWatch) — European leaders on Saturday were working on a major plan for the euro zone in an effort to prevent runs on banks, reduce regulation, bureaucracy and unemployment, and reassure investors, according to a published report.
The New York Times reported that among other things, the plan would propose the European Central Bank as continental banking regulator, replacing the European Banking Authority.
A deposit insurance program would be set up to augment individual programs in the various countries, the paper reported on Saturday.
And the plan would urge that as governments cut budgets, they emphasize reducing operating costs instead of slashing spending on societal projects, the Times reported.
The head of the ECB, Mario Draghi, said on Friday that the plan would be introduced in the following few days, before European leaders meet at the end of June, the Times reported.
AmenRa:
A "plan for a plan." Classic.
It's an unmitigated disaster of there. there really is no way to avoid the unravelling of the "euro."
It worked it good times (credit expansion)...it doesn't work during recessions.
What a fantastic sporting day....
"Group of Death" Euro2012....final round U.S.Open...Game3 NBA Finals....
and ... it's Father's Day!
Every MSM headline is proclaiming the pro bailout party ND is winning and will have a majority. Not true. They have only a 2% lead and PASOK has said that they will only join a coalition if SYRIZA joins. Prepare for another election.
Post a Comment