"Hurry up FOMC! He's gaining on us!"
Creditcane™: Is this the best you can do with the horrible NFP I gave you on Friday?
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Still failing the 50.0% minor retrace (1357.98). New low on daily 3LB (reversal is 1374.02). QE2infinity.
Bearish thrusting day. Midpoint above EMA(10). Tested and held the 0.0% retrace (83.11). Still above all SMA's. No daily 3LB changes (reversal is 81.63).
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 61.8% minor retrace (18.81). New high on daily 3LB (reversal is 16.66).
Bullish short day. Midpoint below EMA(10). Still failing its 61.8% retrace (1600.40). Still failing all SMA's. No daily 3LB changes (reversal is 1634.20). Must have the precious.
Bullish harami day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 0.0% minor retrace (1.2373). No daily 3LB changes (reversal is 1.2668).
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% retrace (38.86). No daily 3LB changes (reversal is 39.08).
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Holding above its 0.0% retrace (14.71). No daily 3LB changes (reversal is 17.65).
Bullish long day. Holding above SMA(21). Midpoint above EMA(10). Tested and failed its 38.2% minor retrace (86.56). No dally 3LB changes (reversal is 77.69).
Bullish short day. Still failing all SMA's. Midpoint below EMA(10). Holding above its 100.0% retrace (26.66). No daily 3LB changes (reversal is 26.29).
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(55). Still failing its 61.8% retrace (46.14). New low on daily 3LB (reversal is 46.24).
Bearish short day. Tested and failed SMA(21,55). Midpoint below EMA(10). Holding above its 61.8% minor retrace (0.7643). No daily 3LB changes (reversal is 0.7651).
Bullish short day. Midpoint below EMA(10). Tested and held SMA(21). Tested and held its 61.8% minor retrace (3.430). No daily 3LB changes (reversal is 3.305).
Bullish short day. Still above all SMA's. Midpoint above EMA(10). Holding above its 38.2% minor retrace (592.47). New high on daily 3LB (reversal is 592.52).
Bullish long day. Midpoint above EMA(10). Holding above SMA(55). Tested and held its 61.8% retrace (2.674). No daily 3LB changes (reversal is 2.47).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
10 comments:
PFGBest has $220M of segregated client funds that went poof! See: PFG Is Now MFG(lobal) Part 2 As $220 Million In Segregated Client Money Has Just Vaporized
China trade balance $31.73B
China Exports 11.3%
China Imports 6.3%
New high/New low= 5.85
A/D= 1.02
Vol Up/Vol Down= 0.51
Hmmm...more volume into down issues. Selling the rip?
AA down over 3%. Guess the after hours hope has faded. Then again beating a lowered consensus means nothing when compared to YoY miss of 81.25%.
No matter what EU headline comes out about direct lending to Spain's banks don't believe it. Until the ESM is changed the funds go to the respective government before making it to the banks balance sheet.
US 10yr closed at 1.498%.
Market just can't allow a three digit loss in the Dow. Sheesh. The BTFD crowd rode the short yellow bus.
I didn't see or hear any rumors.
Amen:
Thanks for the daily commentary...I check it every day.
BinT
No problem. I know people drift away over time. Nothing is at equilibrium (try telling that to Keynesians).
New thread up.
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