A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection
Creditcane played three card monty against the euro stress test and lost (wants rematch).
SPXBullish short day. Gamed the market above 1100. Well above the SMA(21) but still below the SMA(233). Midpoint above EMA(10). Still above the weekly 3LB mid. Tested and failed (barely) the trendline (3/6/09-5/25/10). Daily 3LB reversal up (reversal now 1064.88). QE2infinity.
DXYSpinning top day. Midpoint below EMA(10). Will it break the SMA(144)…NO 6x. The 85.11 (fibo .1459) has been violated (retest possible someday). Still below the 61.8% retrace. No daily 3LB changes (reversal is 83.64).
VIXBearish short day. Midpoint below EMA(10). Still below weekly 3LB mid and monthly 3LB mid. "Fear is here so don't get fooled on market pumps. Repeat ad nauseam." Back below the SMA(89). The SMA(144) is holding. New low on daily 3LB (reversal is 40.95).
GOLDBearish short day. Below the SMA(21). Tested and passed the SMA(89). Midpoint below EMA(10). "To hell with fiat! Say it again! I'm gold and I'm proud!". No daily 3LB changes (reversal is 1206.70).
EURUSDSpinning top day. Midpoint above the EMA(10). Back above the SMA(89). Tested and failed 1.2935 (fib .1459) again. Still above the trendline (11/27/09-3/17/10). No daily 3LB changes (reversal is 1.2730).
JNKSpinning top day. Looking to test the 76.4% retrace. Still above the SMA(89) and the SMA(144). Midpoint above EMA(10). Still hasn't closed falling window from 5/4/10-5/5/10. No daily 3LB changes (reversal is 39.38).
GSSpinning top day. Did not test SMA(89). Still below 147.91 (fib .236). Tested 23.6% retrace (passed). Midpoint above the EMA(10). Closed above 144.98 (fib 2.058 from low). The 1.618 fibo (using low) of 124.12 is on vacation for now. No daily 3LB changes (reversal is 140.25).
10YR YIELDHanging man day (this early in the move?). Confirmed bullish harami. Didn't test the 14.6% retrace. Avoided retesting 0.0% retrace at 28.83 (yup yup). Midpoint above EMA(10). Still below the SMA(21). No daily 3LB changes (reversal is 31.14).
WTISpinning top day. No follow through from yesterday. Still above the SMA(21), SMA(55) and the SMA(233). Midpoint above the EMA(10). No daily 3LB changes (reversal is 76.09).
AAPLBullish short day (again). Still above the SMA(21) and SMA(55). Did not test trendline using recent lows (already failed). Resistance was found at 265 (upper trendline). Turning into a three inside up/down pattern. No daily 3LB changes (reversal is 235.86).
21 comments:
Wow, that was speedy AR.. or so it seemed to me!
@karen (from other thread)
"I’ve sat here for the last nine hours and I feel as if I know less than I did when I started. The stress tests turned out to be a low-stress affair as many anticipated with a shockingly low only EUR 3.5 bln in capital required to be raised the entire European banking system. Skepticism abounds but the EUR selloff was short lived."
On Monday, the REAL test may come when the EU bond market has to decide on what kind of rates this fluff is all about...
CV withholds all wisdom until that juncture...
And now... It's time for CV to go off crabbing... (not that I didn't do my fair share of it here today)...
Thanks AR... I might let this thread run through the weekend, OR, if I'm particularly successful in my crabbing efforts, I'll put up a foto or 2...
CV
@Amen
VIX... just saying
EURUSD... just saying
10yy hanging man... just saying
Today was just the CBs trying making sure the market believes the BS. Eventually the truth will come out and there will be nothing they can do to stop the onslaught.
Great work Amen, CV, Karen. Traders!
Passion, it is.
Canada
Karen,
I just read your link from the previous thread....hehehe, thanks!
oh, and btw, I highly rec. that anyone that doesn't have to trade the next time we have one of these silly little PR stunts (aka: stress test) I'd highly suggest skipping it, ignoring all the chatter about it, which is all absolute nonsense, and go play golf.
or whatever it is that people do for fun
Greetings all, wise words from the McF...
I-Man took the day off.
Friday vol's are on the lite side, and major events, like a stress test release on a friday afternoon is just asking to be messed with.
So took the kiddo to the Zoo and tooled around downtown Portland a bit, also a Zoo...
So glad I went Suberbrural. (Sa-brrr-ull.)
The afternoon back on the homestead in Jah Garden- much more sublime.
One Love All.
-I
Another lawsuit to follow GS? This might weigh on the financials Monday:
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=ap7oP26X_5gM
Just lost my entire post :(
starting over.. CV.. take the weekend OFF!! I can post enuf cr*b/p for both of us.
It's Friday, Friday night after all..
And Nic, have you ever heard Kick Drum.. my personal favorite? I would dedicate it to you but... Cover MY I-Baby's ears : )
working up some friday night tunes
Brain Stew
Ragoo
You Only Live Once
Rebellion
Know Your Enemy
ZERO
Parallel Universe
Go With The Flow
Insane In The Brain
So Fresh, So Clean
So What’cha Want
Who Am I (What’s My Name)
Kick Push
The Message
This Is The Hall o’ Neil (For Saving Silverman Fans)
Here Comes The Night
America
Come Monday
Billie Jean
Lets Dance
Get Together
Shiver
15 Step
Ben,
You can't beat this website:
http://player.streamtheworld.com/_players/citadel/?sid=6212&nid=2920&referringsite=streamingradioguide.com
Nic,
I just listened to that radio interview that you did.
Great job on the interview, great accent, and you must be able to handle a ton of stress with your background.
Thanks.
Bruce,
cool link, thanks
Love these tunes thanks Karen & McF :)
Anyone notice googlefinance now has options chains? One of these days google is going to take on Bloomie ... http://bit.ly/cWvhSW
Nic
I see google has real time for S&P, NYSE, Dow, Nasdaq, Shanghai. Not bad. They could give yahoo a challenge if they put a little more effort into it.
@mcf (11:13)
"Twas a walk by fruiting"
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