AmenRa's Corner 3/12/13




Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held the 0.0% retrace (1552.48). No daily 3LB changes (reversal is 1541.46). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.



DXY
Spinning top day. Midpoint above EMA(10). Tested and held the 38.2% minor retrace (82.46). Still above all SMA's. No dally 3LB changes (reversal is 81.94).



VIX
Bullish short day. Midpoint below EMA(10). Still below all SMA's. Tested and failed its 0.0% retrace (12.29). No daily 3LB changes (reversal is 13.48).



GOLD
Bullish long day. Midpoint above EMA(10). Still failing its 61.8% retrace (1609.30). Tested and failed SMA(21). No daily 3LB changes (reversal is 1615.50). Must have the precious.



EURUSD
Spinning top day. Midpoint below EMA(10). Tested and failed SMA(144). Still failing its 38.2% retrace (1.3138). No daily 3LB changes (reversal is 1.3122).



JNK
Spinning top day. Midpoint above EMA(10). Tested and failed SMA(55). Holding above its 38.2% minor retrace (40.58). No daily 3LB changes (reversal is 40.55).



10YR YIELD
Bearish short day. Still above all SMA's. Midpoint above EMA(10). Holding above its 61.8% minor retrace (19.37). No daily 3LB changes (reversal is 18.53).



WTI
Bullish short day. Tested and held SMA(89). Midpoint above EMA(10). Tested and failed its 61.8% minor retrace (93.12). Dally 3LB reversal up (reversal is 90.12).



SILVER
Bullish short day. Tested and failed SMA(21). Midpoint above EMA(10). Still failing its 61.8% minor retrace (30.25). No daily 3LB changes (reversal is 29.49).



BKX
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 0.0% retrace (56.80). No daily 3LB changes (reversal is 55.59).



HYG/LQD
Bearish short day. Still above all SMA's. Midpoint above EMA(10). Tested and failed its 38.2% retrace (0.7907). No daily 3LB changes (reversal is 0.7783).



COPPER
Bullish long day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 38.2% retrace (3.692). Daily 3LB reversal up (reversal is 3.493).



AAPL
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 61.8% retrace (463.72). Still failing BB(2,200). No daily 3LB changes (reversal is 450.50).



CCI
Bullish short day. Midpoint above EMA(10). Tested and failed SMA(233). Holding above its 50.0% retrace (547.13). New high on daily 3LB (reversal is 543.10).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

6 comments:

AmenRa said...

http://www.financialsense.com/contributors/bruce-krasting/on-senator-ron-johnson-vs-krugman

quote:

"Where did the ‘money’ go that PK thinks is available today? It was spent years ago.

The ‘economic miracle’ of Bill Clinton was bought with money looted from SS. Bill sucked out $565b in his eight years. No one even noticed.

George Bush really raided SS. A total of $1.5T leaked out during his years. Who ‘paid’ for Iraq and Afghanistan? SS did.

If anyone is upset about the status quo, they can point to either a Republican or a Democrat. They’re equally to blame. But looking backward, and laying blame, is a fool’s game. The fact is the money is gone and SS is Paygo today. It’s running big annual deficits. SS will produce $75b of red ink in 2013 (equivalent to 10% of the deficit). The deficits will pass $100b in 2016 and explode from there on. The beast is howling – and Krugman thinks it’s his cat purring."

AmenRa said...

http://www.financialsense.com/contributors/lance-roberts/real-february-employment-report-in-pictures

quote:

"This tells us a couple of things. First, after four years of reducing costs by reducing employment - businesses are likely at levels of minimum employment needed to maintain current demand levels. Any additional increases in employment are being filled primarily with lower cost part-time employment. Therefore, unemployment claims are falling simply as a function of there being fewer terminations. Secondly, what employment is occurring is simply a function of population growth and not representative of stronger economic underpinnings. In other words, full-time employment is barely keeping up with population growth. This is not "green shoot" of a potential economic rebound.

One thing that is most interesting is that while individuals are able to collect 99-weeks of unemployment benefits - the BLS does not count those that have been unemployed for longer than 52-weeks. There seems to be a disconnect here. As we discussed previously - during the Clinton Administration there was an official U-7 unemployment rate which was comprised of those officially unemployed, those working part-time for economic reasons and those unemployed for longer than 52-weeks. The next chart shows all three measures."

Forgot all about the U7 rate which makes the U6 rate seem trivial.

AmenRa said...

Kyle Bass at UoC Booth school of Business
http://media.chicagobooth.edu/mediasite/Viewer/?peid=f15d95d054e8442ab0cc1c60321383101d

Funny quote from Q&A: If you have ten finance ministers in five years you know something is very wrong. (re:Japan)

AmenRa said...

http://www.zerohedge.com/news/2013-03-13/fed-pre-monetizes-30-year-bond-be-reauctioned-tomorrow

Are the PD's so broke that the Fed has to purchase 30 year bonds before the actual auction?

AmenRa said...

http://finance.yahoo.com/news/fed-change-timing-policy-statement-200119272.html?l=1

MUST...CONTROL...MARKETS...AT...ALL...COSTS

AmenRa said...

New.

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