A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection
Creditcane™: I slept well and will be fully refreshed for Friday.
SPXBearish short day again. Midpoint above EMA(10). Still above the trendlines (3/6/09-7/1//10), (2/5/10-5/6/10) & (4/26/10-8/9/10). Above all SMA's. Above 1110.02 (the .09 fibo from high) and was heading for 1151.86 (the .0557 fib from high). No daily 3LB changes (reversal is 1121.90). QE2infinity.
DXYBullish harami day. Below all SMA's. Midpoint below EMA(10). Tested and held its 61.8% retrace at 79.72. No daily 3LB changes (reversal is 81.85).
VIXDragonfly doji day (usually used to indicate reversal in an uptrend). Midpoint above EMA(10). Below weekly 3LB mid and monthly 3LB mid. Still below all SMA's. No daily 3LB changes (reversal is 23.89). Trending down on daily 3LB.
GOLDBullish short day again. Still above all SMA's. Midpoint above EMA(10). Failed retest of 0% retrace. New high on daily 3LB (reversal is 1275.90).
EURUSDBearish thrusting day. Midpoint above EMA(10). Is it still looking to test the 50% retrace? Above all SMA's. No daily 3LB changes (reversal is 1.3015).
JNKSpinning top day. Above all SMA's. Midpoint barely above EMA(10). Tested and held the 76.4% retrace. Daily 3LB reversal down (reversal is 39.71).
10YR YIELDBullish short day (too much hair for hammer). Left abandoned baby candle at the police station. The 0.0% fibo retrace at 24.69 has been holding (for now). Back below the 14.6% retrace (26.94), still below the weekly 3LB mid (27.60) and the SMA(21). Midpoint below EMA(10). No daily 3LB changes (reversal is 24.99).
AUDJPYSpinning top day again. Closed below its 61.8% retrace. Midpoint above EMA(10). Above all SMA's. No daily 3LB changes (reversal is 79.5419).
XHBSpinning top day. Back below the SMA(89). Still below 38.2% retrace. Midpoint below EMA(10). Daily 3LB reversal down (reversal is 15.64). Did someone say new home sales?
DJ TRANS AVGBearish long day. Holding above the upper trend line and all SMA's. Midpoint below EMA(10). Daily 3LB reversal down (reversal is 4511.27).
AAPLBullish short day. Above all SMA's (duh). Midpoint above EMA(10). New high on daily 3LB (reversal is 283.23).
Might see this before tomorrow is over:
21 comments:
***NOTICE TO THE LEVERAGED HEDGE FUNDS***
You won't make your 3Q holding over the weekend. EOM (this time it's different). That is all.
*I just put a bullseye on my back for the algos.
dragonfly bitchez!
Is that the short par-3 hole at Pebble Beach? I hadn't really focused on that picture before....
Good golf story....
I golfed Pebble Beach "ONCE." The wind was blowing hard at our backs on that short par-3...
The local "salty" caddie said: "Hit your 65 yard club."
I said: "Are you fucking sure man?! That hole looks a long ways away."
He said with no expression: "Hit your 65 your club, son."
I said: "Ok"
I struck the ball with my sand wedge for a 65 yard shot...
The friggin' ball hit 18 inches behind the hole and then backed up 18 inches right in front of the hole. Gauging by my divot, I missed a hole in one at Pebble beach by about 1".
Lesson: If you ever play Pebble Beach, go ahead and pay for the caddie...those guys have serious knowledge of the course and conditions.
http://noir.bloomberg.com/apps/news?pid=20601110&sid=apK5PmaUs214
U.S. House Joins Senate in Repealing SEC Exemption From FOIA
By Jesse Westbrook
Sept. 23 (Bloomberg) -- The U.S. House of Representatives voted to repeal language in the Dodd-Frank financial-regulation law that was faulted for giving the Securities and Exchange Commission too much power to withhold documents from the public.
The House approved the repeal today after the Senate voted on a similar measure this week. Representative Barney Frank, chairman of the House Financial Services Committee, said his chamber acted so President Barack Obama could enact removal of the Freedom of Information Act exemption as quickly as possible.
“We decided that the best way to proceed was to concur with the Senate so that the president could sign legislation that solves the immediate problem,” Frank, a Massachusetts Democrat, said in a statement. “We have bipartisan agreement that further action is necessary and we will begin that work.”
The financial overhaul law signed by Obama in July says the SEC doesn’t have to release records gathered for “surveillance, risk assessments, or other regulatory and oversight activities.” Lawmakers criticized the SEC for seeking the FOIA provision, saying the agency might use the authority to limit transparency and hide regulatory failures.
SEC Chairman Mary Schapiro, testifying before Congress last week, said her agency sought the measure to encourage money- managers and brokerages to turn over documents during inspections. Firm are sometimes hesitant to release information out of concern that it will later be made public through a FOIA request, she said.
HAHAHAHA sorry Mary. No soup for you!
Great stories, AT and AR!
CV, from the previous thread.. i did like those lines : )
"Lesson: If you ever play Pebble Beach, go ahead and pay for the caddie...those guys have serious knowledge of the course and conditions..."
MEH - If you're ever at Pebble Beach... Take the "caddy money" and get a nice bottle of Monterey wine & nice girl to share it with...
Get drunk as hell... The go out and shoot 120 (dumping 10 balls into the ocean on the 7th hole by trying to hit "knock down 6-irons" into the stiff breeze)...
But that's just me... :-)
@karen
Complicated... THOSE LINES...
But probability might be in the 50-50 range...
In any way... I'm not seeing any OTHER matrices around that suggest that we're going to RAMP tomorrow...
So it might be worth a gamble...
SHOW ME!... is what I say...
cv: Yeah, give the rates at PB now and the caddie rates, I'd skip it altogether....it's a gorgeous walk on a great slice of earth...but for the money, there are a few other things I'd rather do on the Monterey Peninsula.
Somehow someway the tension between Japan and China will escalate beyond the tipping point this weekend. This also involves the fact that China has been buying Japanese bonds on a massive scale which helped push the yen higher. They're already holding each others citizens hostage.
Then there's this: China Guts Dollar, Crushes U.S. in Alarming Financial War Game
Post Script to the above: It was probably the greatest "walk" I've ever taken in my life...shooting the 18 holes at PB. It's just that for 500-600 bucks...I could come up with a better "idea" now that I'm a little older.
AmenRa:
There will be a World War in the next 15-20 years involving scarce resources.
If history is any guide, that's sort of inevitable.
So, if you were the "moron" that sold more S&P right before the neckline break at 1130 Monday morning....you're still doing "ok" four days later...
Interesting.
Andy
Where did that description pop up?
Oh the SPX's MACD (9,15,7) is 0.005. It's going under zero. Which implies weakness ahead. My .02
@Andy
CV shot a 75 at Pebble Beach... I admit it was June (and "still winds")... Nevertheless... :-)
I agree that there will be a WW (on scarce resources)... Many don't realize yet that that RESOURCE will be water...
ALSO... (you're PRIIVY to a sneak peak because you're an AUTHOR here)... Take a look in the "drafts" part of the blog on my NFL picks for this week...
CV has many MULTI-UNIT games on tap this weekend...
@Nic,
other thread, sorry to hear about your grandma, take care.
ah, yes, a moron for selling the break of the neckline, I think I know what that might be in reference to, one web waver was quite confident it was "for real"
Futures pushing higher before durable goods. Nothing wrong with jumping from a higher floor.
Tepper on CNBC:
"sometimes it's this easy, there are ONLY two outcomes that could occur at this point"
his two outcomes?
1. The economy improves on its own, and then gold won't do as well, the dollar won't do as well, and bonds wont' do as well, but stocks will
if the economy doesn't improve on its own then he says
2. The Fed will come in and make things improve.
"it's THAT EASY"
Look the video up if you'd like to view.
People should not confuse the Fed being in control with this kind of thinking/mood, it's not the same thing.
Did people watch the Spanish Prime Minister video I linked yesterday?
Most financial planners would belt a big 'No!' when it comes to taking a loan out against a retirement account. But a modest uptick of those in their peak earning years -- 35 to 55 years olds -- have gone against that advice amid the dismal economy, according a report Fidelity Investments released last week.
In a survey of 11 million people with retirement funds, 21.9% have a loan outstanding against their retirement during the three months ending in June. That's a 10-year high from the 18.1% recorded during the first three months ending in March 2001.
new thread
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