AmenRa's Corner 7/12/13

How do you like dem apples?!?


Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPY (SPDR S&P 500)
new high 167.51
trend=up
high= 167.51
rev= 161.37; mid= 164.44


monthly info -no change (above mid)
trend=up
high= 163.45; rev= 151.61; mid= 157.53

XLB (SPDR Materials)
-change (above mid)
trend=up
high= 41.26
rev= 37.76; mid= 39.51


monthly info -no change (above mid)
trend=no; direction=up (1 bar)
high= 40.30; rev= 29.35; mid= 34.83

XLE (SPDR Energy)
-no change (above mid)
trend=no
direction=up (2 bars)
high= 82.12
rev= 74.56; mid= 78.34

monthly info -no change (above mid)
trend=no; direction=up (1 bar)
high= 80.50; rev= 58.51; mid= 69.51

XLF (SPDR Financial)
new high 20.35
trend=up
high= 20.35
rev= 19.25; mid= 19.80


monthly info -no change (above mid)
trend=up
high= 19.84; rev= 17.59; mid= 18.72

XLI (SPDR Industrials)
new high 44.45
trend=up
high= 44.45
rev= 42.13; mid= 43.29


monthly info -no change (above mid)
trend=up
high= 43.53; rev= 40.08; mid= 41.81

XLK (SPDR Technology)
-change (above mid)
trend=up
high= 32.20
rev= 30.29; mid= 31.25


monthly info -no change (above mid)
trend=no; direction=up (1 bar)
high= 31.66; rev= 28.85; mid= 30.26

XLP (SPDR Consumer Staples)
-change (above mid)
trend=no
direction=down (2 bars)
low= 39.43
rev= 41.94; mid= 40.69

monthly info -no change (above mid)
trend=up
high= 40.94; rev= 36.87; mid= 38.91

XLU (SPDR Utilities)
-no change (at mid)
trend=down
low= 36.54
rev= 40.73; mid= 38.64


monthly info -no change (above mid)
trend=up
high= 41.25; rev= 28.91; mid= 35.08

XLV (SPDR Healthcare)
WEEKLY REVERSAL new high 49.88
trend=no
direction=up (1 bar)
high= 49.88
rev= 47.28; mid= 48.58

monthly info -no change (above mid)
trend=up
high= 48.11; rev= 43.45; mid= 45.78

XLY (SPDR Consumer Discretionary)
new high 59.72
trend=up
high= 59.72
rev= 56.77; mid= 58.25


monthly info new high 56.40
trend=up
high= 56.40; rev= 53.00; mid= 54.70

XPH (SPDR Pharmaceuticals)
new high 74.52
trend=up
high= 74.52
rev= 69.88; mid= 72.20


monthly info new high 70.49
trend=up
high= 70.49; rev= 63.18; mid= 66.84

XRT (SPDR Retail)
new high 80.81
trend=up
high= 80.81
rev= 77.75; mid= 79.28


monthly info -no change (above mid)
trend=up
high= 77.60; rev= 67.09; mid= 72.35







IT HAS BEGUN. YOU HAVE BEEN WARNED.

3 comments:

AmenRa said...

Weekly 3LB Update 7/12/13

AmenRa said...

http://www.zerohedge.com/contributed/2013-07-13/bernanke-conundrum

The Fed behind the Curve due to Market Appeasement

I think the fed realizes there may be a problem, but I don`t think they have a clue how serious the problem is because they just don`t understand actual market structures these days. These are all economic trained academics and not a single fed member has any actual market experience in the industry.

Academics don`t fully understand financial markets – Underestimate consequences of policy

They have no clue about how leverage is used these days with futures and options, the interconnectedness of assets, and how once the bubble starts receding or losses start in one area of the market they become exponentially compounded because of the advanced financial tools meant to maximize profits on gains.

Well the reverse happens on losses and despite credit default swaps being monitored more closely, i.e., firms probably are not going to sell more credit default swaps than the value of their firm; other lever-able tools and structured trades in the current system are more than enough to create massive losses on the bursting of the Fed QE inflated bubble.

The Federal Reserve just doesn`t understand the magnitude of the unintended consequences of this current QE conundrum that they are locked into. The inescapable fact is that the busting of this bubble, and it will bust at some time, is going to cause massive losses in the financial system.

The question is what if anything can they do to minimize the collateral damage from a known bubble that exits in numerous asset classes, and how to minimally prick or slowly deflate this bubble without ending up in a worse place than you started out at five years ago. This is the Fed Conundrum!

AmenRa said...

New.

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