A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection
Creditcane™: I'll be at the Basel III conference. What are your plans?
SPXBullish short day. Shooting star collapsed. Midpoint above EMA(10). Back above the trendiness (3/6/09-7/1//10), (2/5/10-5/6/10) & (4/26/10-8/9/10). Above the SMA(21), SMA(55), SMA(89). Tested and failed 1110.02 (the .09 fibo from high) for the third time. Yet it made a new high on daily 3LB (reversal is 1080.29). QE2infinity.
DXYDoji day. Still below the SMA(21) & SMA(55). Midpoint below EMA(10). Still wants to head for its 50% retrace. No daily 3LB changes (reversal is 82.92).
VIXBearish short day. Midpoint below EMA(10). Below weekly 3LB mid and monthly 3LB mid. Still below all SMA's. No daily 3LB changes (reversal is 24.45). Trending down on daily 3LB.
GOLDInverted hammer day (works better in downtrends). Is someone trying to put a floor in? Still above all SMA's. Midpoint below EMA(10). Was heading towards the 0% retrace. No daily 3LB changes (reversal is 1239.90).
EURUSDHammer day. Midpoint below EMA(10). Held the 23.6% retrace (for the third time). Still below all SMA's except the SMA(89). It's above the trendline (11/27/09-3/17/10). No daily 3LB changes (reversal is 1.2875).
JNKHanging man day. After closing the gap. Above the SMA(21), SMA(89) & SMA(144). Midpoint above EMA(10). No daily 3LB changes (reversal is 37.72).
10YR YIELDBullish short day. The new 0.0% fibo retrace at 24.69 is holding. Above the 14.6% retrace (26.94) and weekly 3LB mid (27.60). Midpoint above EMA(10). Above the SMA(21). New high on daily 3LB (reversal is 24.99).
AUDJPYBullish short day. Closed above 38.2% retrace. Midpoint above EMA(10). Above all SMA's. No daily 3LB changes (reversal is 78.0554).
TLTSpinning top day. Back below the SMA(21). Tested and held SMA(55). Midpoint below EMA(10). Closed below gap support (102.45) so gap is closed. New low on daily 3LB (reversal is 104.88). Trending down on the daily 3LB.
DJ TRANS AVGBullish short day (confirmed bearish thrusting). Still above the upper trendline and all SMA's. Midpoint above EMA(10). New high on daily 3LB (reversal is 4342.03). Trending up on the daily 3LB.
CRBSpinning top day. Tested and failed the 76.4% retrace at 275.86. Midpoint above EMA(10). Above all SMA's. New high on daily 3LB (reversal is 272.77).
9 comments:
@amen
creditcane informs us that it'll be at Basel III...
Some of the rest of us will either be...
- In Tuscaloosa (PENN ST vs. ALABAMA)
- South Bend (hosting MICHIGAN)
- Norman, OK (hosting FLORIDA STATE)
- Pasadena, CA (hosting STANFORD)
- Columbus, OH (hosting MIAMI HURRICANES)
but as hurricanes go... We're buying supplies at Home Depot because we know you'll be coming down... 2 our citteh!
http://www.youtube.com/watch?v=UywQTmcR1iY
Early NCAA weekend picks (pre-weekend NFL thread)...
CV likes... (pick in bold)
MARSHALL (+13) vs. West Virginia - 1 unit
TENNESSEE (+12) vs. Oregon- 1 unit
CV
I just want to know if there will be any chair throwing...
@Ra,
so I have an idea re: bottom thread comment on algo's trolling blogs for trading style...I'm going to start a blog called blog stuffing, it will be just an all out raging bull blog, start thinking of ideas on how I can get a lot of people over to it, then we'll all go short.
blog stuffing.....
I love this nonsense about how a republican victory in the house or worse, the senate, will likely mean gridlock in Washington which is "typically bullish for Wall St."
let's play out a scenario here, lets say that the republicans take the house and in,.... oh I don't know, May 2011 some "unforseen" banking problems re-emerge and there is a serious problem again with the markets (you don't actually think we can't see another situation like September 2008...do you?)
well then, if that plays out....is gridlock bullish for Wall St?
Is Brian Wesbury going to come on CNBC and say, well, ya know, Citi and BAC are going to be run on, and they have serious balance sheet problems, however, it's hard for me not to like stocks here with all that gridlock.
ok, ok, maybe Brian Wesbury would actually say that....but my point is made, that's a bull market argument, it's silly.
Thanks for the Dave Matthews clip CV. I've become more of a fan of that guy the last few years...think his musicianship is getting better over the years.
Missed a lot of the game, but we did chow down some kick ass steaks at Ceasars. Ended up shutting down the VINYL nightclub at 2AM....had a business meeting at 8AM. I'm a friggin' moron....but had a great time.
Will work on the Gold chart this weekend....
Really looking forward to this weekend of football and football (EPL back!)
My MARSALLL boys (above) are takin' it to WVA...
http://www.dailyfinance.com/story/media/video-game-sales-plunge-in-august/19629408/
Terrible video game sales
CV:
Hiking today. Won't get to see Peyton. Bama looked pretty damn competent last night.
However, I would like you to post sometime in the next two weeks a topic on the best ideas to regenerate the American ethic. I have a few, and I'd like to see what the other bubbas think.
Absolutely magnificent day today in East Tennessee after the rain yesterday.
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