September is coming...
![](http://2.bp.blogspot.com/_XaPHRge5GtE/TA1i3jD0fbI/AAAAAAAACXU/7um2KdZN-CU/s320/eye+of+hurricane.gif)
Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
SPX
Bullish short day. Midpoint below EMA(10). Tested and failed SMA(21). Still failing the 0.0% retrace (1419.15). No daily 3LB changes (reversal is 1418.16). QE2infinity.
DXY
Bearish long day. Midpoint below EMA(10). Tested and failed the 61.8% minor retrace (81.51). Tested and held SMA(144). New low on dally 3LB (reversal is 81.91).
VIX
Spinning top day. Midpoint above EMA(10). Tested and held SMA(55). Holding above its 0.0% retrace (14.27). No daily 3LB changes (reversal is 16.35).
GOLD
Bullish long day. Midpoint above EMA(10). Tested and held its 50.0% retrace (1668.00). Tested and held SMA(233). New high on daily 3LB (reversal is 1672.80). Must have the precious.
EURUSD
Bullish short day. Midpoint above EMA(10). Tested and held SMA(89). Tested and held its 38.2% minor retrace (1.2522). New high on daily 3LB (reversal is 1.2470).
JNK
Hanging man day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 61.8% minor retrace (40.10). New high on daily 3LB (reversal is 39.99).
10YR YIELD
Bearish long day. Now failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% minor retrace (17.47). New low on daily 3LB (reversal is 16.48).
WTI
Bullish long day. Tested and held SMA(21). Midpoint below EMA(10). Tested and held its 38.2% retrace (95.94). No dally 3LB changes (reversal is 97.26).
SILVER
Bullish long day. Tested and held SMA(233). Midpoint above EMA(10). Tested and held its 50.0% minor retrace (31.10). New high on daily 3LB (reversal is 30.54).
BKX
Spinning top day. Midpoint above EMA(10). Tested and held SMA(21). Holding above its 61.8% retrace (46.14). No daily 3LB changes (reversal is 47.47).
HYG/LQD
Bearish short day. Tested and held SMA(89) but failed SMA(21). Midpoint below EMA(10). Tested and failed its 38.2% minor retrace (0.7678). No daily 3LB changes (reversal is 0.7738).
COPPER
Bullish short day. Midpoint below EMA(10). Tested and failed SMA(89). Tested and held its 61.8% minor retrace (3.430). No daily 3LB changes (reversal is 3.546).
AAPL
Bearish short day. Still above all SMA's. Midpoint above EMA(10). Still failing its 0.0% retrace (674.88). No daily 3LB changes (reversal is 648.11).
CRB
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 50.0% minor retrace (308.95). New high on daily 3LB (reversal is 304.97).
![](http://2.bp.blogspot.com/_XaPHRge5GtE/TG3WyNDKDcI/AAAAAAAAD7s/oGqN2NTLwHY/s320/infinity_symbol.jpg)
IT HAS BEGUN. YOU HAVE BEEN WARNED.
6 comments:
Weekly 3LB Update 8/31/12
No weekend surprises eh? I see Draghi is still mouthing off. Spain WILL have to request a bailout if the outflows of deposits continue at the current rate.
AR -- the pics and captions have been excellent lately!
ISM 49.6, previous 49.8, consensus 50.0. That's tow months below 50.
ISM Prices Paid 54, previous 39.5. Ouch!
ISM Employment 51.6, previous 52.
ISM NO/I 0.8887, previous 0.9796
Construction spending -0.9%, previous 0.4%, consensus 0.4%
With FB getting smashed (again) is this how the government gets control of a company that has an insane database of population info? JTOL.
Nuevo.
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