A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: So that's what happens when I wake up and then hit the snooze.
SPXDoji day. Evening doji star? Midpoint above EMA(10). Above all SMA's. Tested and held 1177.84 (the .0344 fibo from high). No daily 3LB changes (reversal is 1165.32). QE2infinity (aka the beginning of the end).
DXYBullish harami day (gravestone doji confirmation holding). Midpoint below EMA(10). Tested its 76.4% retrace at 76.29 and failed. Still below 78.41 (.0557 from low). No daily 3LB changes (reversal is 76.65).
VIXSpinning top day. Morning star start? Midpoint below EMA(10). Below weekly 3LB mid and monthly 3LB mid. No daily 3LB changes (reversal is 21.21). Still in the "no fear" zone.
GOLDBearish long day (confirmed bullish thrusting). Now below SMA(21). Midpoint below EMA(10). No test of new 0% retrace. New low on daily 3LB (reversal is 1370.50).
EURUSDSpinning top day. Start of evening star? Midpoint above EMA(10). Back above its 61.8% retrace at 1.3899. Above all SMA's. No daily 3LB changes (reversal is 1.4049).
JNKHanging man day. Above all SMA's. Midpoint above EMA(10). Held the 100% retrace. No daily 3LB changes (reversal is 40.17).
10YR YIELDBullish long day. Tried to confirm a rising three method. The 0.0% fibo retrace at 23.59 is the line in the sand. Still below the weekly 3LB mid (25.35) and SMA(21). Midpoint above EMA(10). No daily 3LB changes (reversal is 23.81).
DJ TRANS AVGSpinning top day (possible bearish thrusting). Holding above the upper trend line and all SMA's. Midpoint above EMA(10). No daily 3LB changes (reversal is 4628.39).
CRBDark cloud cover day. Midpoint above EMA(10). Above all SMA's. Still failing the Gann 1x1. No daily 3LB changes (reversal is 299.93).
AUDJPYSpinning top day. Failed its 61.8% retrace. Midpoint below EMA(10). Below SMA(21) & SMA(144). No daily 3LB changes (reversal is 0.8045).
19 comments:
The QE2 Bond Report 10.21.10
Something evil this way comes...
Inwestors observed today that the bond market isn't "acting right", as we had equities selling off, and bonds selling off too. Horrors !!! In fact, paradox of paradoxes, it was a risk-on day today as spreads TIGHTENED and safe corporates and Treasuries were DUMPED. Egad!!
There is a POMO at the short end tomorrow. A long end POMO is due on Tuesday, so you'd expect the front running to begin soon for both, so tomorrow should see bonds rally or at least stabilize.
Yet, POMOs or no POMOs, there is an eerie mist that hangs over the bond pits in Chicago, as Hallow e'en approaches, traders are haunted by the specter of a less than $1T QE2, and things that go bump in the night have begun to stir....
Corpies: LQD -0.27%; AGG -0.16%; JNK -0.07%; HYG -0.16%;
Govies: TLT -1.19%; IEI -0.22%; TIP 0.00%
Hedgies: TBT 2.18%
We did nothing. We hold 12% of our portfolio in HY bonds, and are not involved in Treasuries.
Last week we sold our last piece of AGG into strength on that Tuesday equity sell-off. We are looking to short the long end now and will do so next week after the Tuesday POMO. By hook or by crook.....
La,
We Ruv the Dairy Lap.
That AUDJPY chart is toppy..... you're almost making me bearish !!
LB
I'm here LMAO at your description of the bond market. Nice write up!
LB,
good looking out...maybe the primary story of 2011 will be the bond blow up....doesnt' seem like a very low probability, that's for sure.
tomorrow will make 9 green friday's in a row since the rally started if we close up.
schnikies!
Karen linked to this interesting chart a little while ago:
http://reason.com/blog/2010/10/21/fear-of-government-a-chart
Probably the most fascinating thing to me is that 50% of Independents view the government as an IMMEDIATE threat to citizens.
That's pretty wild stuff....
lot of bearish signals out there...
hope Phils can pull this out tonight
Andy, had you noted that I posted that same chart today?? Perhaps you are replying to my intra-day comment.
AR, thanks, sighing. I couldn't do what you do, despite the pay..
CV, I-Man.. i need to ask.. what about grubs in my raised beds.. i keep digging them out and putting them in a clay saucer for the crows.. they love me.. the crows, i mean..
oh, ben, don't get optimistic on me now!!
and, ben, i got page not found on the link in the last thread..
http://news.yahoo.com/video/us-15749625/raw-video-in-the-garden-with-the-first-lady-22556224
Looks like the dollar has been drinking Red Bull.
k -
beneficial nematodes kill lawn grubs
http://www.gardensalive.com/article.asp?ai=79&bhcd2=1287716811
need to i.d. what kind of critters you are feeding to the crows and what their natural predators are
Dollar, gold, oil, silver, ES, YM and yen are all up. What's wrong with this picture?
Just watched CV's video from yesterday, REALLY impressed!
Bertie
Oh and Amen, that Hussman article the other day was an eye-opener, I'll check him every week from now on. The most striking thing for me was seeing PMs in a slightly different light through the article.
Bertie
And what do you know, I am in the money on a... trade, yes thats right, bertie made a trade!!
Now I will proceed to hold too long and you will hear nothing further from me on this topic haha.
Bertie
probably at least worth a scan here:
http://globaleconomicanalysis.blogspot.com/2010/10/cash-cow-who-has-cash-who-has-debt-by.html
new thread up
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