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)
-no 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)
new high 83.72
trend=up
high= 83.72
rev= 77.30; mid= 80.51
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 20.73
trend=up
high= 20.73
rev= 19.95; mid= 20.34
monthly info -no change (above mid)
trend=up
high= 19.84; rev= 17.59; mid= 18.72
XLI (SPDR Industrials)
new high 45.41
trend=up
high= 45.41
rev= 43.19; mid= 44.30
monthly info -no change (above mid)
trend=up
high= 43.53; rev= 40.08; mid= 41.81
XLK (SPDR Technology)
-no 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)
-no 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)
-change (above 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 CONFIRMATION new high 50.57
trend=no
direction=up (2 bars)
high= 50.57
rev= 47.28; mid= 48.93
monthly info -no change (above mid)
trend=up
high= 48.11; rev= 43.45; mid= 45.78
XLY (SPDR Consumer Discretionary)
-no change (above mid)
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)
-no change (above mid)
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 80.88
trend=up
high= 80.88
rev= 78.32; mid= 79.60
monthly info -no change (above mid)
trend=up
high= 77.60; rev= 67.09; mid= 72.35
RBOB (RBOB Gasoline)
new high 3.12
trend=no
direction=up (2 bars)
high= 3.12
rev= 2.86; mid= 2.99
monthly info -no change (below mid)
trend=up
high= 3.20; rev= 2.66; mid= 2.93
IT HAS BEGUN. YOU HAVE BEEN WARNED.
3 comments:
http://finance.yahoo.com/news/fed-rethinking-move-allowing-banks-012532635.html?l=1
Fed rethinking move allowing banks to trade physical commodities
By David Sheppard and Josephine Mason
NEW YORK (Reuters) - The U.S. Federal Reserve is "reviewing" a landmark 2003 decision that first allowed regulated banks to trade in physical commodity markets, it said on Friday, a move that may send new shockwaves through Wall Street.
The one-sentence statement suggests the Fed is taking a much deeper, wide-ranging look at how banks operate in commodity markets than previously believed, amid intensifying scrutiny of everything from electricity trading to metals warehouses.
While the Fed has been debating for years whether to allow banks including Morgan Stanley (MS) and JPMorgan (JPM) to continue owning assets like oil storage tanks or power plants, Friday's surprise statement suggests it is also reconsidering whether all bank holding firms should be able to trade raw materials such as gasoline tankers and coffee beans.
Weekly 3LB Update 7/19/13
New.
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