A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection
Creditcane: What? What? It's Momo Mondays. What do you expect? At least Turnaround Tuesday is next.
SPXBullish long day. Broke through 1110. Above the SMA(89) & SMA(144). Midpoint above EMA(10). Back above the weekly 3LB reversal price (1110.88). Back above the trendline (3/6/09-5/25/10). New high on daily 3LB (reversal is 1095.34). QE2infinity.
DXYBearish long day. Midpoint below EMA(10). The 85.11 (fibo .1459) has been violated and now 80.95 (fib .09) has joined the cellblock. New low on daily 3LB (reversal is 82.09).
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. Arrghh!" Still below the SMA(89) and below the SMA(144). Daily 3LB reversal down (reversal is 24.25).
GOLDDoji day. Below the SMA(21), the SMA(89). Midpoint above 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).
EURUSDBullish long day. Midpoint above the EMA(10). Tested but failed the SMA(144). Holding above 1.2935 (fib .1459). Still above the trendline (11/27/09-3/17/10). New high on daily 3LB (reversal is 1.2958).
JNKBullish short day (still closed lower from previous day). Didn't test the 76.4% retrace. Still above the SMA(89) and the SMA(144). Midpoint above EMA(10). No daily 3LB changes (reversal is 36.43).
GSDoji day. Above the SMA(89). Still above 147.91 (fib .236). Midpoint above the EMA(10). Still above 144.98 (fib 2.058 from low). The 38.2% retrace (153.99) wants to get tested. New high on daily 3LB (reversal is 146.17).
10YR YIELDBullish short day. Below the 14.6% retrace. Still running towards the 0.0% retrace at 28.83. Midpoint below EMA(10). Still below the SMA(21). No daily 3LB changes (reversal is 31.14).
DJ TRANS AVGBullish long day. Still trading above all SMA's. Midpoint above EMA(10). New high on daily 3LB (reversal is 4303.25).
WTIBullish long day. Above the SMA(21), SMA(55), SMA(89), SMA(233) and now the SMA(144). Midpoint above the EMA(10). No daily 3LB changes (reversal is 77.29).
11 comments:
Well, I went to the big dog party Friday. Ho hum. I had hoped to talk about the local economy, but every Harry Wanger there was running for political office, and if I have shaved again before we left I'd probably have had more smooches on my cheeks than a newborn baby. From both genders.
Actually, I had a good time. But all the small talk was about the local elections, and damn if there aren't a lot of people running for office this year...
...I wonder why......
Bruce
But by talking about the economy allows you to find out their thinking on the situation the US is in and whether or not they'll add to the problem.
Amen:
Unfortunately, although many of the people there had good jobs or were self-employed, it appears to me that the reason so many are running this year, and often relatives of the folks I saw Friday, is that they recently lost their job, or their restuarant shut down, or etc.
..Need the election to give them a source of income in other words...I am not sure that they would not say almost anything to get elected....
...color me cynical...
@Amen
"whether or not they'll add to the problem."
Um... Let me think about the prospects of the BEHAVIOR of J6P ever ADDING to a problem...
Then I'll get back to you...
Tomorrow's THREAD... On the VIX...
Thx for the wrappah, Rah!
Tomorrow's thread... AGAIN... On the VIX...
But it might be the most ECLECTIC thread anyone will ever read on a blog that is involved with CAPITAL markets...
The blog host has lived a VERY eclectic life...
Music and $$ often intertwine in mysterious ways...
- In terms of MAKING it...
- In terms of LOSING it
- In terms of EXPLAINING it (and the passage of time)...
For all you LEFT COASTERS...
It may be up EARLY (before midnight 4u)...
I need to do an oil change on the truck in the morning, so I'm in the TASK COMPLETION mode this eve...
Hello Peeps
I missed you all, just spent a couple of hours reading up on all the news.
What a rally, we could be setting up a monster drop for September.
See you all tomorrow :)
My youngest daughter turns 11 years old today.
The times they keep changin.'
Crazy!
My slide 3 from the last market update should apply to the S&P. We should see a correction now, but I wouldn't shoot the whole wad on that idea....
@Andy
OK Max (lol)...
HAPPY BIRTHDAY to your daughter... (you better give her the best damn cake ever, or you're BANNED from SC... Even though you are the FOUNDING FATHER EMITRIUS...
@Nic
If you don't start POSTING soon... None of us are going to know what to do...
Breathe a breath of fresh air - and tell us ALL that you feel better...
Lastly - I'm going to go ahead and POST Tuesday morning audibles EARLY...
There are IMPORTANT expressions (vis-a-vis - THE MARKETS)... That it might be important to be prepared for...
If not?... All well and good... Cv has some anecdotal stories (which I've NOT found opportunity to express before))... That I'll share in this moment...
Post a Comment