"Lies, more lies and a plan to plan a plan."
Creditcane™: Now that's going to leave a mark.
SPXBullish long day. Midpoint below EMA(10). Holding above SMA(233). Tested and held the 38.2% retrace (1296.82). No daily 3LB changes (reversal is 1332.42). QE2infinity.
DXYBearish long day. Midpoint above EMA(10). Failing the 0.0% retrace (83.11). Still above all SMA's. Daily 3LB reversal down (reversal is 83.04).
VIXBearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Still failing its 61.8% retrace (26.16). 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 failed SMA(55). No daily 3LB changes (reversal is 1538.90). Must have the precious.
EURUSDBullish long day. Midpoint below EMA(10). Still failing all SMA's. Holding above its 0.0% retrace (1.2363). Daily 3LB reversal up (reversal is 1.2368).
JNKBullish long day. Midpoint below EMA(10). Still failing all SMA's. Holding above its 38.2% retrace (37.62). No daily 3LB changes (reversal is 38.69).
10YR YIELDBullish long day. Still failing all SMA's. 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). Tested and failed its 38.2% minor retrace (85.75). No dally 3LB changes (reversal is 89.90).
SILVERBullish long day. Tested and held SMA(21). Midpoint above EMA(10). Failing its 61.8% minor retrace (30.00). Daily 3LB reversal up (reversal is 27.20).
BKXBullish long day (confirmed bullish harami). Midpoint below EMA(10). Still failing all SMA's. Holding above its 38.2% retrace (41.37). No daily 3LB changes (reversal is 43.50).
HYG/LQDBullish long day. Still failing all SMA's. Midpoint above EMA(10). Tested and held its 50.0% minor retrace (0.7592). No daily 3LB changes (reversal is 0.7616).
COPPERBullish long day. Midpoint below EMA(10). Failing all SMA's. Tested and held its 50.0% minor retrace (3.352). Daily 3LB reversal up (reversal is 3.289).
AAPLBullish short day. Tested and held SMA(21). Midpoint above EMA(10). Tested and held its 61.8% minor retrace (563.20). No daily 3LB changes (reversal is 579.17).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
11 comments:
http://www.zerohedge.com/news/david-takes-porn-addicted-goliath-egan-jones-countersues-sec
David Takes On The Porn-Addicted Goliath: Egan-Jones Countersues The SEC
It's about damn time.
Jackson ain't no joke from the three point. But SAS failed to hold onto a 15pt lead. If OKC gets the lead then the roar will be heard on the East coast.
Dear San Antonio:
If you give up an 18 point lead YOU"RE not supposed to win. I have some new tackle in stock. Call for best prices.
http://sportsillustrated.cnn.com/2012/football/nfl/06/04/broncos-manning.ap/index.html?sct=obinsite
Peyton shows arm strength...
ok the new boy better look good this year to keep big jim from being the idiot...
Weekly claims 377k, prior 389k (revised from 383k)
EUC -45,808
Extended -58,829
Futures rolled over to September. Explains part of the bullishness.
http://www.federalreserve.gov/newsevents/testimony/bernanke20120607a.htm
Bernanke quote:
"Concerns about sovereign debt and the health of banks in a number of euro-area countries continue to create strains in global financial markets. The crisis in Europe has affected the U.S. economy by acting as a drag on our exports, weighing on business and consumer confidence, and pressuring U.S. financial markets and institutions. European policymakers have taken a number of actions to address the crisis, but more will likely be needed to stabilize euro-area banks, calm market fears about sovereign finances, achieve a workable fiscal framework for the euro area, and lay the foundations for long-term economic growth. U.S. banks have greatly improved their financial strength in recent years, as I noted earlier. Nevertheless, the situation in Europe poses significant risks to the U.S. financial system and economy and must be monitored closely. As always, the Federal Reserve remains prepared to take action as needed to protect the U.S. financial system and economy in the event that financial stresses escalate."
No soup for you!
whoa.
I was out of action all day yday with a super duper 24 stomach flu given to me by my family....
And I missed it all.
sp500 ran into some resistance near 1338......
we were dealing with some decent rsi divergence on the daily...that led to that snap back.
did manage to see the okc/SA game...
Thunder = good.
Gold realized "There is no QE!"
I'm not sure how China cutting rate is "really" a bullish signal.
Seriously...what does it really mean? It means the shit is slowing down over there.
11/26/08 China cuts rate by more than one full percentage point. This was BEFORE the final drop into the March 2009 lows. Like Andy said China is having problems. Even they can only BS stats so much.
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