Creditcane™: Couldn't keep it up huh bulls. I'm the anti-viagra.
SPXSpinning top day. Midpoint above EMA(10). Tested and failed SMA(21). Holding above the 38.2% retrace (1296.82). No daily 3LB changes (reversal is 1332.42). QE2infinity.
DXYDoji day (morning star forming?). Midpoint below EMA(10). Failing the 0.0% retrace (83.11). Tested and held SMA(21). New low on daily 3LB (reversal is 83.04).
VIXBullish short day. Midpoint below EMA(10). Tested and held SMA(144). Tested and held its 38.2% minor retrace (21.62). No daily 3LB changes (reversal is 21.03).
GOLDBearish long day. Midpoint above EMA(10). Tested and failed its 61.8% retrace (1600.40). Tested and failed SMA(55). No daily 3LB changes (reversal is 1559.40). Must have the precious.
EURUSDDoji day (evening star forming?). Midpoint above EMA(10). Still failing all SMA's. Holding above its 0.0% retrace (1.2363). New high on daily 3LB (reversal is 1.2368).
JNKSpinning top day. Midpoint above EMA(10). Still failing all SMA's. Tested and held its 50.0% retrace (38.24). No daily 3LB changes (reversal is 38.69).
10YR YIELDBearish short day. Still failing all SMA's. Midpoint above EMA(10). Holding above its 0.0% retrace (14.67). No daily 3LB changes (reversal is 17.65).
WTIBearish short 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).
SILVERBearish long 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).
BKXBearish short day (shooting star?). 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/LQDBearish short day. Tested and failed SMA(21). Midpoint above EMA(10). Tested and held its 50.0% minor retrace (0.7592). No daily 3LB changes (reversal is 0.7616).
COPPERSpinning top 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 3.289).
AAPLBearish short day. Holding above SMA(21). Midpoint above EMA(10). Tested and failed its 50.0% minor retrace (577.84). No daily 3LB changes (reversal is 579.17).
BACDark cloud cover day. Midpoint above EMA(10). Tested and held SMA(144). Tested and held its 61.8% minor retrace (7.36). No daily 3LB changes (reversal is 6.83).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
18 comments:
I guess the basketball higher ups demanded a game 7 in this economy. Just sayin'
http://online.wsj.com/article/SB10001424052702303665904577452191188932460.html
Best Buy Founder Jumps Ship
By ANN ZIMMERMAN
Best Buy Co. BBY -0.96% founder and largest shareholder Richard Schulze abruptly resigned as chairman and a director of the company on Thursday and said he was exploring options for his 20% stake, creating more uncertainty about the future of the beleaguered electronics retailer.
Mr. Schulze, 71, said he was immediately leaving the company he had founded more than four decades ago. His sudden departure, and expressed interest in putting his 69 million shares valued at $1.36 billion in play, raised the possibility that Best Buy could become a takeover target.
"This is just more drama and distraction for a company that needs a lot of focus right now," said Colin McGranahan, retail analyst at Sanford Bernstein. He characterized Mr. Schulze's declaration as the equivalent of holding a "fire sale on the company's front steps."
The Richfield, Minn. retailer previously had said that Mr. Schulze would step down as chairman June 21 and leave the board in 2013 after an internal investigation found that he had learned of an alleged affair involving former Chief Executive Brian Dunn and a 29-year-old subordinate, but failed to notify other members of the board.
Mr. Dunn resigned before the internal investigation was completed. Another board member, G. "Mike" Mikan, a former healthcare executive, is acting CEO until a search committee settles on a new leader.
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"China's sovereign wealth fund, China Investment Corporation (CIC), has cut its European stock and bond investments on fears of a eurozone break-up.
In an interview with the Wall Street Journal, CIC chairman Lou Jiwei said: "There is a risk that the eurozone may fall apart, and that risk is rising."
Mr Lou also scotched speculation that the state-owned CIC might buy eurobonds if and when they are launched.
"The risk is too big, and the return too low," he said."
...BBC financial news this am...China investment in Europe has taken a Greek holiday..
LeBron James emphatically demonstrates that he's the best player on planet.... world then ends.
Futures are not truly reflecting the move in US bonds. Just sayin'.
Andy T
He BALLED yesterday. Even the Celtics watched in amazement.
BinT
China has enough problems dealing with USTs. The last thing they want is additional problems from the EU.
Greek economy keeps on crumbling
By George Georgiopoulos
ATHENS (Reuters) - Greece's economy shrank further in the first three months of 2012, shriveling at a yearly rate of 6.5 percent against a backdrop of painful wage cuts, tax hikes and record unemployment.
The data, released on Friday, will add fodder to politicians campaigning against terms of an international bailout ahead of a June 17 parliamentary election.
Painful budget austerity has deepened Greece's economic malaise, turning voters away from mainstream political parties that backed a European Union/International Monetary Fund rescue deal.
Supporters and opponents of the bailout are running neck and neck in opinion polls for the June vote, seen as crucial for the country's future in the euro zone.
The first quarter Gross Domestic Product preliminary projection was based on seasonally unadjusted data. It topped a previous -6.2 percent year-on-year flash estimate and follows a 7.5 percent year-on-year GDP decline in the last quarter of 2012, statistics service ELSTAT said.
A narrower trade deficit provided some relief but was not enough to make up for sharp falls in consumer and investment spending.
Who da hell is trying to keep this market up? Are they trying to get a better exit price before the weekend?
If Spain get a bailout for its banks w/o conditions how will Greece respond? It won't matter who wins the election because both sides will be up in arms over that move.
Market gets ramped 15 minutes b4 Pres speech, stays flat while waiting for speech to start and ramps again as the speech starts. The ramps were not that big and the market is stuck in a range right now. I can almost guarantee that the Pres told someone to get the market back into the green b4 his speech. Such BS.
http://finance.yahoo.com/news/obama-urges-decisive-action-europe-145142571.html?l=1
Obama urges decisive action on Europe debt crisis
Obama urges Europe's leaders to act quickly and decisively to solve continent's debt crisis
WASHINGTON (AP) -- President Barack Obama is urging Europe's leaders to act quickly and decisively to solve the continent's economic crisis.
Speaking from the White House, Obama says there are solutions available to European leaders, including injecting capital into weak banks.
Obama specifically addressed the situation in Greece, saying he recognizes the sacrifices the Greek people have made. But he warned Greece that its hardship will only grow if it leaves the eurozone.
Obama contends the crisis in Europe is partially to blame for continued economic weakness in the U.S.
Yada, yada, yada. The only "EU Leader" being addressed is Merkel. Germany is still holding firm. Basically Germany is telling Spain if you want my money then pick up the soap."
TNX is 83bps off its low. YGBFKM.
http://finviz.com/
Indices gettin' a nice ramp into Weekend, should help finalize some additional 'Summer Rental' planz..
ibid.
i'm not that big into the conspiracy stuff....but it does feel like "tape painter" of a friday...
especially in the energy rings.
You know something's wrong when DXY up, EURUSD down, 10yr yield down, WTI down and (SPX,DOW,NASDAQ) are up. This is similar to when the Pres announced it was a good time to buy stocks. Which was right before QE1.
Andy T
It's not a conspiracy. It's just coincidence.
Nuevo.
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