Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Still failing the 0.0% retrace (1707.85). New low on daily 3LB (reversal is 1706.87). Tested and failed lower trend line and RSI(14) above 50.
Spinning top day. Midpoint above EMA(10). Still failing the 61.8% minor retrace (81.96). Tested and failed SMA(21). No dally 3LB changes (reversal is 81.77).
Bullish long day. Midpoint below EMA(10). Tested and held SMA(21). Still failing its 61.8% minor retrace (16.45). No daily 3LB changes (reversal is 11.98).
Bullish short day. Midpoint above EMA(10). Tested and held its 61.8% minor retrace (1326.90). Tested and held SMA(55). No daily 3LB changes (reversal is 1337.20). Must have the precious.
Spinning top day. Midpoint below EMA(10). Tested and held SMA(21). Holding above its 38.2% retrace (1.3151). No daily 3LB changes (reversal is 1.3216).
Spinning top day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 61.8% minor retrace (40.43). New low on daily 3LB (reversal is 39.81).
Hanging man day. Still above all SMA's. Midpoint above EMA(10). Holding above its 50.0% retrace (24.92). No daily 3LB changes (reversal is 24.88).
Bullish short day. Tested and held SMA(21). Midpoint above EMA(10). Holding above its 50.0% retrace (104.24). No dally 3LB changes (reversal is 103.08).
Bullish short day. Tested and held SMA(89). Midpoint above EMA(10). Holding above its 0.0% retrace (18.45). New high on daily 3LB (reversal is 19.95).
Gravestone doji day. Midpoint below EMA(10). Still failing SMA(21). Still failing its 0.0% retrace (66.99). No daily 3LB changes (reversal is 67.04).
Bearish short day. Tested and failed SMA(21). Midpoint above EMA(10). Holding above its 50.0% retrace (0.8022). No daily 3LB changes (reversal is 0.8026).
Bullish short day. Midpoint above EMA(10). Holding above SMA(89). Holding above its 0.0% retrace (3.042). No daily 3LB changes (reversal is 3.380).
Spinning top day. Tested and held SMA(233). Midpoint above EMA(10). Holding above its 61.8% retrace (463.72). Still failing BB(2,200). New high on daily 3LB (reversal is 462.54).
Bullish long day. Midpoint above EMA(10). Now above all SMA's. Tested and held its 61.8% retrace (32.81). No daily 3LB changes (reversal is 32.90).
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(21,144). Still failing its 0.0% retrace (105.35). No daily 3LB changes (reversal is 105.52).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
4 comments:
Industrial Prod 0.0% prior 0.2%
Capacity Util 77.6% prior 77.7%
Empire State 8.24 prior 9.46
Pill Fed 9.3 prior 19.8
Initial Claims 320k prior 335k
WMT lowers forward guidance. Think about it...Walmart lowering guidance says more about the US economy than any .gov indicator.
CSCO will let 4k go. Isn't Cisco the primary player in network infrastructure?
BTW 10yr breaks above 2.8%. Getting close to where the real rotation will begin.
http://www.zerohedge.com/news/2013-08-15/ticsaster-foreigners-sell-more-us-securities-after-lehman-bankruptcy
As the just released TIC data report indicates, in June foreigners, both private and official, were hitting every bid they could find. Literally. For the first month ever, every single security class was sold off: Corporate stocks: sold - $26.8 billion; Corporate Bonds - sold $5.0 billion; Agencies: - sold $5.2 billion, and, perhaps the culprit of it all, Treasuries, saw the biggest dump ever, as foreigners sold an epic $40.8 billion! Adding across the various asset classes, the consolidated foreign sale in June 2013 was worse than Lehman and the month after it.
New.
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