A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection
Creditcane: What? What? It's EOM. What do you expect?
SPXSpinning top day again. Finally gave up 1110. Still above the SMA(21). Tested and failed the SMA(233). Midpoint above EMA(10). Back below the weekly 3LB reversal price (1110.88). Couldn't hold the trendline (3/6/09-5/25/10). No daily 3LB changes (reversal is 1064.88). QE2infinity.
DXYInverted hammer day. Midpoint below EMA(10). Still failing to retake the SMA(144). The 85.11 (fibo .1459) has been violated. Below the 61.8% retrace and tested the 50% retrace (failed again). New low on daily 3LB (reversal is 82.46).
VIXBearish long day. Midpoint above 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. Arrghh!" Still below the SMA(89) and back below the SMA(144). No daily 3LB changes (reversal now 22.73).
GOLDBullish long day. Below the SMA(21), the SMA(89). Midpoint below EMA(10). "To hell with fiat! Say it again! I'm gold and I'm proud!". Back above 14.6% retrace (barely). No daily 3LB changes (reversal is 1195.70).
EURUSDBearish short day. Midpoint above the EMA(10). Still above the SMA(89). Above 1.2935 (fib .1459). Still above the trendline (11/27/09-3/17/10). No daily 3LB changes (reversal is 1.2943).
JNKSpinning top day. Tested and failed the 76.4% retrace again 4x. Still above the SMA(89) and the SMA(144). Midpoint above EMA(10). No daily 3LB changes (reversal is 36.43).
GSBearish harami day. Held the SMA(89). Still above 147.91 (fib .236). Midpoint above the EMA(10). Still above 144.98 (fib 2.058 from low). The 1.618 fibo (using low) of 124.12 is still waiting. No daily 3LB changes (reversal is 145.22).
10YR YIELDBearish short day. Resolved doji lower (way lower). Below the 14.6% retrace. Running towards the 0.0% retrace at 28.83. Midpoint below EMA(10). Back below the SMA(21). No daily 3LB changes (reversal is 31.14).
DJ TRANS AVGSpinning top day. Volatile day again. Still trading above all SMA's. Midpoint above EMA(10). Keeps making lower daily lows. No daily 3LB changes (reversal is 4247.00).
LUMBERBullish "long" day. Back above the SMA(21). Back above the weekly 3LB mid. Midpoint above EMA(10). No daily 3LB changes (reversal is 194.60).
30 comments:
@Ra
Thanks Ra...
& Thanks to Bruce... SC has a new slogan (for the weekend)...
I feel like I have been violated recently.
Similar to "On your mark! Go! Get set!" but far more pithy : )
So, what do we have up above.. nothing I want to look at as I and my Top teeter in the balance this weekend.. as I can't make any sense of it.
I keep staring at that 10yy chart and it reminds me of something...
WHAT? Hasn't dawned on me yet... But it'll come to me...
...and it's NOT the "Cassiopeia" constellation...
"Cassiopeia is easily recognizable due to its distinctive 'W' shape formed by five bright stars. In the sky Cassiopeia sits with Andromeda on the South side, Perseus on the South East and Cepheus to the North. She is opposite The Big Dipper, and can be seen the clearest in early November. In Greek mythology it was considered to represent the vain queen Cassiopeia, who boasted about her unrivaled beauty."
http://en.wikipedia.org/wiki/Cassiopeia_(constellation)
It reminds you that it has been an eternity since the 10 year was over 5...
...but everything is working out as it should, so Chauncy Gardner told me once.
There will be growth in the spring... YES...
Thanks Ra.
Some Tunes:
The Roots
Howie Day
Pete Yorn
Led Zep
Van Halen not Van Hagar
Allman Brothers
Marshall Tucker Band
Creedence
The Who
Pink Floyd
I need a beer.
Oh, I forgot to tell yall that Don Carlos the baby squirrel found a home. Some squirrel lady who rehabs abandoned ones came and picked him up. She said he looked pretty rough, oh, and he's only a week old, not 3 wks like I thought.
He was cute though, hope he pulls through.
A great experience.
I-Man
Cool. Way to go.
http://noir.bloomberg.com/apps/news?pid=20601009&sid=awpkgiJFXP7Q
Treasury 2-Year Yield Drops to Record Low as U.S. Growth Cools
July 30 (Bloomberg) -- Treasuries climbed, pushing two-year note yields to the lowest ever, as a government report showing U.S. economic growth slowed in the second quarter spurred demand for the world’s safest securities.
U.S. notes gained for a fourth month. Economic expansion cooled to a 2.4 percent annual pace last quarter, lower than forecast, Commerce Department data showed. Federal Reserve Bank of St. Louis President James Bullard said yesterday the central bank should resume purchases of Treasury securities if the economy slows and prices fall.
“The GDP report was lackluster and is pointing toward slower growth,” said James Collins, a Chicago-based interest- rate strategist in the futures division at Citigroup Global Markets Inc., one of 18 primary dealers that trade with the Fed. “Treasuries are certainly acting as though economic weakness will be the mainstay.”
...Now how does that little homily go? The equities market floats on a sea of bonds....?
I picked Pink Floyd first! Listening now..
But, I-Man, that's a good resolve to the situation, tho.. did you take any pics of him? How much fur did he have, I wonder..
TNX is yelling that this melt up is BS. It keeps wondering when is the market going to take the red pill?
Barely had any fur at all... he wasnt pink but, his belly was. He definitely had the beginnings of fur, and little whiskers. Eyes hadnt opened yet.
She said he looked about a week old.
We have one iphone pic of him, lemme see if I can harvest it off FB...
Well, probably about to drop out here in a minute or two...wife has the "dish" we are supposed to bring to these things about ready..
...sometimes I feel guilty..I must admit. If it weren't for TV and the internet, I wouldn't know there were any problems in the world.
(Sighs....)
Bruce, Is that Jesse? She looks longer from the rear.. : )
you got mail, karen
No, that was our first great lab, Satin. But from that dog we became twitterpated about labs, and now own two, Jesse and Stoney. Fabulous dogs..if you look at the picture of the Copper Cascades, Stoney is already across the log that Jesse is crossing. They both have been taken to the mountains hundreds of times..
Stoney is the puppy I sometimes post..
Ready, Fire, Aim ! Shouldn't that be Ready, set, fire? I know a thing or two about target shooting. Unless I missed a joke earlier.
From Canada.
Nice pics, Bruce.
You missed the joke...read the last thread.
We talked about the Volt, and how it came to be.....
Gone...I will take a census of the big dogs and report this weekend about how they feel about the rest of this year and 2011.
...and baby's got her blue jeans on!
Ben, you got me stuck on Pink Floyd tonight.. not good. I think I need to download Dark Side now.. laughing..
I-Man - Glad to hear your little critter found a REAL home. If you would have let me have him, he would have made a nice stew.
Mangy Mutt
P.S. Karen, I am just kidding, I would not have made stew out of him, I would have made stir fry :)
Mutt, I would have fabricated another tasty dish with salsa but stir fry would be nice also!
Mmmmmmmm, squirle taco......
Mutt
I am deliriously tired and/or drunko.. what a week.. hoping Nic comes back for Monday's open.. or Sunday Evening..
just ran across this story of interest:
http://finance.yahoo.com/news/Wealthy-Dallas-brothers-apf-322384746.html?x=0
Knew this was going to happen: The New Credit Card Tricks
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