A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection
The creditcane has made landfall. It keeps trying to cause damage but the methane from the bulls has kept it in check.
SPXBearish spinning top day. So if yesterday was a hammer or takuri it was not confirmed. 1041.83 (fibo .09 from high) not tested. Well below the SMA(21) and below the SMA(233). Midpoint below EMA(10). Below the trendline using 2010 lows and below the 3/6/09-5/25/10 trendline. New low on daily 3LB (reversal is 1041.24). Trending down on daily 3LB. QE2infinity.
DXYBearish short day. The hair (upper shadow) is saying it wants to go higher. Held weekly 3LB reversal price (barely). Midpoint below EMA(10). The 85.11 (fibo .1459) has been violated. Back below the 76.4% retrace. New low on daily 3LB (reversal now 85.69).
VIXBearish long day. Midpoint above EMA(10). "Fear is here so don't get fooled on market pumps. Repeat ad nauseam." Still above the SMA(55) and above the SMA(21). No daily 3LB changes (reversal is 45.79).
GOLDBullish piercing day. Back below the SMA(21) and above the SMA(55). Midpoint below EMA(10). Held weekly 3LB reversal price. "To hell with fiat! Say it again! I'm gold and I'm proud!" (Gold's rally cry). No daily 3LB changes (reversal is 1248.70).
EURUSDSpinning top day. Possible start of evening star? Midpoint above the EMA(10). No test of the fibo .1855 at 1.2336. The test of the 1.1571 (the .236 fibo level) is on hold again. Tested trendline (11/27/09-3/17/10) and failed. New high on daily 3LB (reversal still 1.2214).
JNKBullish long day (confirmed hammer). Tested the 23.6% retrace (passed). Still below the SMA(233) but above the SMA(21). Midpoint below EMA(10). No daily 3LB changes (reversal is 39.38).
GSHammer day. Trying to get a reversal going. Midpoint below the EMA(10). Still no test of the 2.058 fibo (using low) of 144.98. Still wants to test the 1.618 fibo (using low) of 124.12. New low on daily 3LB (reversal now 133.44).
10YR YIELDBullish short day (not a hammer because hair is >10% of H-L). Midpoint below EMA(10). Did not test 0.0% retrace (new 0.0% coming soon). No daily 3LB changes (reversal is 30.32). Can you say 2.0%? YES. Is the Fed getting worried yet? HELL YES 3x.
WTISpinning top day. Possible start of morning star (again). Back below the SMA(21), SMA(55), and SMA(233). Midpoint below the EMA(10). New low on daily 3LB (reversal is 75.94).
LUMBERBearish short day. Closed above the SMA(21). Midpoint above EMA(10). Couldn't stay weekly 3LB mid. New high on daily 3LB (reversal now 183.60).
11 comments:
Thanks AmenRa!!
In other news S. African police say Paris Hilton busted for pot - AP http://bit.ly/aKr0du
I am laughing so hard, made my day.
Thanks AR, long week.
Nic,
http://www.youtube.com/watch?v=Xd9VwVPEhnQ
@Nic
"That's hot"...
Ben, I think the same too:
...
C, on the other side of this thread, when the VIX is really low like that we should be trading options instead of ETF's due to the time decay issue.
That Ghana/Uruguay match was ridiculous.
It seems like there should be some sort of rule against handballs at the goal line. It seemed very unsportsmanlike....
The Gyan guy should be put on suicide watch after that miss....his life will be miserable for a long time over that one.
Very unfortunate outcome.
Watch out for late night releases from the government. Even though the bulls fought back we still closed down. Let them marinate on that over this holiday weekend.
***Asia and Europe will be open Monday.
Paris has been released ... my perverse joy was shortlived.
Paris just got a little cooler in I book...
Out all day with a small knife. I will say that this week's economic numbers reminded me of the height of the recession. And we are billions more in debt.
I think Sean Hannity reads our site. NPR was just music on the way home this afternoon (neighboring city surgery center) and I heard the term Petulant President. Maybe he's been using the term for some time, but I doubt it.
...Interesting..
I-man - cool, with you on that account dude
http://content.usatoday.com/communities/greenhouse/post/2010/07/food-safety-fears-rise-as-oil-found-in-gulf-crabs/1?loc=interstitialskip
Food safety concerns mount as oil found in Gulf crabs
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