A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: Market spent a whole week trying to enter the promised land…and failed. That's my M.O.
SPXSpinning top day (body still too big for doji). Midpoint above EMA(10). Above all SMA's. Held 1177.84 (the .0344 fibo from high). No daily 3LB changes (reversal is 1178.10). Failed to take out monthly 3LB reversal all week. QE2infinity.
DXYInverted hammer day (careful dollar bears). Midpoint below EMA(10). Failed the 76.4% retrace at 77.60. Still below 78.41 (.0557 from low). No daily 3LB changes (reversal is 76.65).
VIXSpinning top day. Midpoint above EMA(10). Back above SMA(21). Below weekly 3LB mid and monthly 3LB mid. New high on daily 3LB (reversal is 18.78). The "no fear" zone is in the rear view mirror.
GOLDBullish long day (confirmed bullish engulfing). Back above SMA(21). Midpoint above EMA(10). No test of new 0% retrace. New high on daily 3LB (reversal is 1322.60).
EURUSDSpinning top day. Midpoint above EMA(10). Held its 61.8% retrace at 1.3899. Back above SMA(21). No daily 3LB changes (reversal is 1.4049).
JNKBullish short day. Above all SMA's. Midpoint above EMA(10). Trading range is still between the Gann 3x1 and 4x1. New high on daily 3LB (reversal is 40.66).
10YR YIELDBearish long day. Closed gap with a vengeance. The 0.0% fibo retrace at 23.59 is the line in the sand. Back below the weekly 3LB rev (26.88) but above SMA(55). Midpoint above EMA(10). No daily 3LB changes (reversal is 24.95).
DJ TRANS AVGSpinning top day again. Holding above the upper trend line and all SMA's. Midpoint above EMA(10). No daily 3LB changes (reversal is 4779.72).
CRBBullish short day. Midpoint above EMA(10). Above all SMA's. Still failing the Gann 1x1. No daily 3LB changes (reversal is 292.98).
XLFSpinning top day. Midpoint below EMA(10). Still below SMA(21). No daily 3LB changes (reversal is 14.89). Anyone see a triangle?
LEFTBACK'S BOND REPORT
The QE2 Bond Report 10.29.10
Fixed income punters snapped up all forms of US corporate and government paper today, including photocopies of Bernanke's arse, as anticipation mounted that the Fed would buy all paper in the country including old copies of National Geographic.
Corpies: LQD 0.20%; AGG 0.21%; JNK 0.19%; HYG 0.04%;
Govies: TLT 0.94%; IEI 0.27%; TIP 0.33%
Hedgies: TBT -1.85%
We are on the sidelines here, exceot for our high yield.
18 comments:
going to watch clash of the titans
release the kracken!
I'm thinking about Saw 3D. I was a fan of the first few of those. Didn't watch the last few. But, blood and gore in 3D will probably bring me out.
Don't do it, McFearless! Seriously, that movie blows donkeys.
Karen, you are amazing. Thanks for all your posts. The links you dredge up are amazing. Not the least of which (yesterday) was Danno's death. Thanks again.
Risk! Risk anything! Care no more for the opinion of others, for those voices. Do the hardest thing on earth for you. Act for yourself. Face the truth.
Seriously Ben, Prosciutto is talking the truth. You will have better spent your time trimming your grass with nail scissors.
Mangy Mutt
And not care about the opinion of others?
Which then makes me wonder why she would express that opinion if she didn't want anyone to care about it.
Well that is just my opinion, but who cares?
Mangy Mutt
Andy - If you do go to see Saw can you let us know how it is?
I saw, Saw then I saw SawII, then saw SawIII then saw SawIV, so I have seen saw I and seen Saw II and Seen Saw III and seen Saw IV, but I don't know if I should see saw 3D, but I do want to see all the saws.
Mangy Mutt
Wow. Was Clash of the Titans THAT bad?!?
I still remember going to the first one. It was when there were still drive-ins (they're making a comeback BTW). The first was pretty cool to me...though I was only 10 at the time.
CV. Lines for this weekend....(other than coke and whores):
Like the over on the SoCal/Oregon game at 70.5. It seems like an insurmountable "over/under" at 70.5, but just think it's one of those bets you have to "go along with."
In the college ranks...we like Florida to cover 2.5 against Georgia. FLA seems "due" and Urban Meyer seemed plenty pissed two weeks ago. That team should "perform" this weekend.
But again, CV, just so we're clear...."go f--- yourself." [Re-read that 'Honor and Trust' thread again. That was the number one takeaway--that we need to engage in violent self-copulation.]
prosciutto, that's what they tell me! laughing.. seriously, tho.. i'm glad to be of service! I figure that my comments are easy enuf to skip over at any rate.
some Hawaii Five-O for us.. : )
http://www.youtube.com/watch?v=AepyGm9Me6w
Andy T
That did seem a little over the top.
Karen
Always read your posts ;-)
AR, but did you listen to the Hawaii Five-O intro??!! just kidding.. thanks for the wrap, btw.. next week is gonna be "something else" i imagine..
Karen
Need to see how the big players position themselves. They will get a heads up from the Fed. But QE2 could cause China to unload a fair amount of UST's or other countries will buy dollars to keep their currencies in check.
Karen, I volunteer at a cat shelter and there is an orange-and-white piebald cat who looks just like Danno, with the red hair and the fetching squint. "Buddy" was a pathetic case, fished from the rubble of a local movie theater. He's FIV+ for starters, and once we trapped him he started eating everything in sight so now he's morbidly obese too. He looks like a giant hamster. Anyway, to market him, I renamed him Danno and designed a flier juxtaposing his mug with vintage Danno photos, with a first-person narrative explaining that he had moved to CA in the late 1970s and due to "an unusual medical condition" turned into a cat 5 years ago. Holy moly! No one wants this cat. He was so miserable at the shelter that he started breaking out in scabs. So I brought him home and my wife is allergic so he lives in our spare room and I sleep on the floor with him. He's a wonderful cat, one of those pets who looks at you and knows who you are. When my mother-in-law was visiting recently she said "Send James Macarthur a copy of the flier!" and when I read your post yesterday I wish I had.
I give "Jackass 3D" two thumbs up. Laughed my ass off most of the time. (Okay, okay. My sense of humour is still stuck in 6th grade.)
But, a couple of times there were parts so disgusting that I dry heaved and had to close my eyes. IOW, you've been warned.
@Andy (10:26)
Football heals all...
I take my violent leanings out on the television by watching football and burying myself in the point spreads all weekend...
Usually, by Monday, I feel much better...
Unless GD Northwestern gets out to a 17-0 lead and is going in for a score to make it 24-0, and I'm getting 5 1/2 points on a 3 unit play)...
Then... fumbles on the 1 yard line, gets juked by a fake punt in the 3rd quarter, gives up the lead with a minute to play, fails to move the ball, and instead of "kneeling on the ball" Michigan State runs a dive play and scores another TD, blowing out my pointspread and costing me 3 units...
When that happens... I can't be held responsible for what happens in the blogosphere the week after...
:-)
But as far as a comment like "go F yourself" is concerned"... That slides right off because basically it had already happened the previous Saturday & Sunday...
weekend thread up
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