Creditcane™: I'm flying to NYC tomorrow. My plane arrives at 2:15pm ET.
Bearish short day (confirmed bearish harami). Midpoint above EMA(10). Still above all SMA's. Holding above the 38.2% minor retrace (1372.42). No daily 3LB changes (reversal is 1337.89). QE2infinity.
Spinning top day. Midpoint below EMA(10). Holding above the 38.2% minor retrace (82.46). Tested and failed SMA(21). New low on daily 3LB (reversal is 83.71).
Bullish short day. Midpoint above EMA(10). Tested and held SMA(144). Tested and held its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 15.45).
Bearish short day. Midpoint above EMA(10). Holding above its 61.8% retrace (1605.10). Tested and failed SMA(89). No daily 3LB changes (reversal is 1638.90). Must have the precious.
Bullish short day. Midpoint above EMA(10). Tested and held SMA(21). Holding above its 0.0% retrace (1.2154). No daily 3LB changes (reversal is 1.2071).
Doji day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 50.0% minor retrace (39.86). Daily 3LB reversal up (reversal is 39.33).
Spinning top day. Tested and failed SMA(21). Midpoint above EMA(10). Holding above its 0.0% retrace (14.40). No daily 3LB changes (reversal is 14.04).
Bearish long day. Tested and failed SMA(21). Midpoint below EMA(10). Tested and failed its 50.0% minor retrace (88.56). New low on dally 3LB (reversal is 92.97).
Bearish short day. Tested and held SMA(55). Midpoint above EMA(10). Holding above its 100.0% retrace (26.66). No daily 3LB changes (reversal is 26.29).
Bearish short day. Midpoint above EMA(10). Tested and failed SMA(144). Still failing its 61.8% retrace (46.14). No daily 3LB changes (reversal is 46.33).
Bearish long day. Tested and failed SMA(21). Midpoint above EMA(10). Holding above its 0.0% retrace (0.7536). No daily 3LB changes (reversal is 0.7501).
Bullish short day. Midpoint above EMA(10). Tested and held SMA(55). Tested and failed its 61.8% minor retrace (3.430). No daily 3LB changes (reversal is 3.305).
Bullish short day. Tested and held SMA(21). Midpoint above EMA(10). Holding above its 38.2% minor retrace (592.47). No daily 3LB changes (reversal is 614.32).
Someone sold 63760 contracts in the final minute. Were they a fly on the wall at the FOMC meeting?
IT HAS BEGUN. YOU HAVE BEEN WARNED.
7 comments:
http://www.zerohedge.com/news/jpm-be-subpoenaed-over-defunct-pfgs-missing-segregated-money
JPM To Be Subpoenaed Over Defunct PFG's Missing Segregated Money
and here: http://www.bloomberg.com/news/2012-07-31/peregrine-trustee-seeks-to-subpoena-banks-on-transfers.html
Peregrine Trustee Seeks to Subpoena Banks on Transfers
quote:
“Official financial institution records will also enable the trustee to examine transfers from the debtor’s proprietary accounts and segregated accounts,” Ira Bodenstein, the trustee, said in a filing today in federal court in Chicago.
The other financial institutions that will be asked for information are U.S. Bank, Bank of New York Mellon Corp., First Premier Bank, Commerzbank AG, Royal Bank of Scotland Plc, Jefferies Bache LLC, Morgan Stanley (MS) and Goldman Sachs Group Inc. (GS), he said.
As usual nothing will come of this.
I see this coming on Friday. NFP 120k (BTE), U-Rate 8.1%. Evil Knievel.
Knight Capital problems equals Skynet becoming sentient. (/sarc)
After the June FOMC meeting pundits were all declaring wait for the August FOMC meeting. Now that it's here the pundits declare wait for the September FOMC meeting. Give me a f'in break.
quote:
To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee expects to maintain a highly accommodative stance for monetary policy. In particular, the Committee decided today to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that economic conditions--including low rates of resource utilization and a subdued outlook for inflation over the medium run--are likely to warrant exceptionally low levels for the federal funds rate at least through late 2014.
The Committee also decided to continue through the end of the year its program to extend the average maturity of its holdings of securities as announced in June, and it is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities. The Committee will closely monitor incoming information on economic and financial developments and will provide additional accommodation as needed to promote a stronger economic recovery and sustained improvement in labor market conditions in a context of price stability.
Almost word for word the same as the June statement. No QE. No mention of it coming either.
Who is selling the 10yr? It went from 1.476% to 1.522% in the last fifteen minutes. The Fed (Sacks replacement)? One of the reasons to always wait thirty minutes post FOMC before making any moves.
New thread.
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