A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: I came. I saw. I got my azz handed to me by my bizarro image…Canecredit.
SPXBullish LONG day (another hanging man gets reprieve). Midpoint above EMA(10). Above all SMA's. Tested and blew through remaining fibos that lead to previous 2010 high. New high on daily 3LB (reversal is 1185.64). The monthly 3LB reversal has been placed on IR. QE2infinity.
DXYBearish long day (morning star implodes again). Midpoint below EMA(10). Tested and failed the 85.4% retrace at 76.29. May decide to test the 2009 low of 74.17. New low on daily 3LB (reversal is 78.18).
VIXBullish short day (morning star?). Midpoint below EMA(10). Back below all SMA's. Below weekly 3LB mid and monthly 3LB mid. Daily 3LB reversal down (reversal is 21.83). Getting comfortable in the "no fear" zone.
GOLDBullish LONG day. Back above all SMA's. Midpoint above EMA(10). Made a new 0% retrace. New high on daily 3LB (reversal is 1325.10).
EURUSDBullish short day. Midpoint above EMA(10). Held its 61.8% retrace at 1.3899. Well above SMA(21). New high on daily 3LB (reversal is 1.3732).
JNKBullish long day. Above all SMA's. Midpoint above EMA(10). Trading range is still between the Gann 3x1 and 4x1. Daily 3LB reversal up (reversal is 40.42).
10YR YIELDBullish long day. The 0.0% fibo retrace at 23.59 is the line in the sand. Back below the weekly 3LB mid (25.35) and below SMA(21). Midpoint below EMA(10). Failed the 14.6% retrace at 26.00. Daily 3LB reversal down (reversal is 27.12).
DJ TRANS AVGBullish long day. The upper trend line is far enough away to be historical. Above all SMA's. Midpoint above EMA(10). New high on daily 3LB (reversal is 4737.19).
CRBBullish long day. Midpoint above EMA(10). Above all SMA's. Still failing the Gann 1x1. New high on daily 3LB (reversal is 301.53).
XLFBullish LONG day. Midpoint above EMA(10). Back above all SMA's. Daily 3LB reversal up (reversal is 14.23). Resolved triangle/wedge higher. Sugarhoneyicetea. Repeat.
LEFTBACK'S BOND REPORT
The Post-Qoital Afterglow Bond Report 11.4.10
In the aftermath of Ben Bernanke's latest attempt at encouraging an increase in FELLATION, fixed income assets remained tumescent across the board, with all durations and all classes being happily snapped up by eager inwestors. A steady firming in govies was accompanied by a spurt upwards in lower-rated debt. Yes. It was good for me, too.
Corpies: LQD 0.95%; AGG 0.48%; JNK 1.03%; HYG 1.30%;
Govies: TLT 0.78%; IEI 0.32%; TIP 0.24%
Hedgies: TBT -1.41%
One can only smile and shake one's head at the antics of Helicopter Boy and his merry band. Sooner or later we are going to see some stronger economic data and these bond purchases may begin to look imprudent. We will follow the POMO and auction trail and do some timely shorting as opportunities present themselves.
IT LIVES!!! FEASTS ON 401K'S AND SAVERS!!! NO ONE IS SAFE!!!!
62 comments:
Yes, AT, I know Liverpool are losing to Napoli....
Gerrard scores. Who else?
and another from the spot....
...and one more for his hat-trick. Enough said.
the best thing today was the claim made on dan's board that dan actually works on wall street, his blog, like all blogs, are a hoax, and that they are put in place on specific dates in order to sucker retail investors into staying short the market.
classic.
you guys all know that Ra, CV and Andy are doing the same thing right?
LB-
pretty cool avatar- whoever it is?
best/funniest thing I read today- from CNBC:
“The Fed is left to find ways to generate real growth that supports the asset gains.”
of course! The plan- get stocks to ratchet up- then wait for the growth to justify the values-
talk about forward looking
"pretty cool avatar- whoever it is?"
are you serious!
Dude, that is Aragorn Strider!
but something tells me his character in Eastern Promises might be more your style.
. . .and then Bruce (here) and DH from TBP-
jumping in the market-
goddamit- can it really be that easy- print money-- make money?
personally- if things go as bad as I think they will- I hope we'll see Bernanke walking around in leg irons before it's all over
b22-
oh Aragorn!
Who's that?
Ben
3LB. The fact that the SPX couldn't break through the monthly reversal last week (after multiple tries) increased the chances of a reversal. Then QE2 happened. But the month still has time left so the current reversal may not hold. Bastids.
taking all the logic that I can muster at the moment-
a bad jobs number tomorrow is good news for trading- confirming that the Fed cannot retract itself from the market-
and we may now be seeing the beginning of off and on again QE-
for years
funny ahab,......lord of the rings, though I might remember you saying you weren't very into that.
Ra,
yeah we'll see, I thought this month my options plays would end up being primarily on the short side but of course now I'm not so sure. I still haven't put anything on yet. there is a lot of month left, remember last thanksgiving was the whole dubai issue, which never really went away, as if that matters with the Wizard waving his wand, they (Dubai) are probably recovering though considering they were installing those ATM machines that dispensed gold.
http://www.youtube.com/watch?v=sr0gNJ090JA
on that video, it's right at :18, which reminded me...what hapened to 18?
ahab,
I think right now it would seem the mood is that ALL news is good news, doesn't matter what the news is, it's quickly rationalized.
TCE wrapped in a GIB
Lord of the Rings-
of course- the walking trees
although- I will have you know- I use to read the Hobbit to my kids when they were just little whipper snappers-
very good story
b22-
well- if I was just to look at it very simply-
then commodities are a no brainer-
as the $ has no bid
. . .but as I said- looking at it simply
ahab,
you know what I do know for certain.....I'll be seeing you on the dance floor on Sunday, and you are going down.
My daughter just finished the Hobbit and loved it. Tried to get her into the trilogy...she didn't like it. Figured out later she never made it past the foreward. Whoops. I <3 Aragorn.
b22-
sorry dude-
no clue what that reference is-
my guess is "dancing with the stars" but I have never seen it and have no idea when it's on--
although- I have been watching me some "Kenny Fucking Powers"-
"dude- I am going to have to fuck you up with some truth right now . . ."
lol
Interesting seasonality coming up. Nov 22 seems to be a strong up day every year. That whole pre-turkey day week is strong historically. After that...not so much. I can remember racing home from early black Friday shopping in '08 when I realized that we'd had 4 up days in a row but the market was only open for half a day -- had to get short before the weekend.
fantasy football.....
Love the avatar Ben. My anticipated career path was much more vertical...must be why I drink so much.
jennifer-
Hobbits a great story- I use to do an incredible Gollum . . .
eerily similar to the Gollum in the movie- but long before it came out
Off to the homeowners assn meeting... should be good for a laugh...or a drink.
@ahab
Don't listen to McF...
LB's icon isn't Aragon... It's Brian the Broker...
. . .oh-
well- as you know- I have had only one win-
with some pretty decent players-
some busts with Shaub and Mathews- who basically I put my whole team around-
but Houston all of a sudden has a runnig game w/ Foster and Mathews got injured early-
so...it's been brutal- Moss- another tragedy
You think there are enough Fed speakers tomorrow? I do want to hear what Hoenig has to say at the NAR conference. Talk about opposing viewpoints.
I was just thinking of something...
Remember this summer when TONY ROBBINS put out a You Tube and was basically "warning" people to stay away from stocks?
I guess he's lost his persuasiveness and BEN BERNANKRUPT is the new sheriff in town...
ror
CV-
seriously-
I couldn't pull who that avatar was ever (whoever it is)- I just thought it was an interesting shot- a bit off center- kind of artsy
@Amen
Frankly... I'd like to see all of them (save for Hoenig)... at an NRA conference...
As target practice...
@ahab
besides Aragon... He's the same dude who starred in "The Road"...
So he has something in common with your Mad Max...
CV is fascinated with this dude right here...
Take time and watch all the whole series...
1) http://www.youtube.com/watch?v=ozJvg0hOwb4&feature=related
2) http://www.youtube.com/watch?v=UwiBHpm4l-8&feature=related
3) http://www.youtube.com/watch?v=HN_DgX4i9jk&feature=related
4) http://www.youtube.com/watch?v=q5NVYiUc5T0&feature=related
5) http://www.youtube.com/watch?v=Eo2Fh4qmfA0&feature=related
6) http://www.youtube.com/watch?v=k6Rfxv0a81o&feature=related
I saw the Lord of the Rings-
and I guess I remember the "Rider"-
the first movie was pretty good- but as it progressed into the other installments- I lost interest-
the walking trees did me in- and I don't even remember which movie that is- the 2nd or 3rd
http://ca.news.yahoo.com/s/capress/101104/national/lotto_millions_gone
Nice little feel good story:
"We never had that money, we never went without anything but we wasn't born with silver spoons in our mouths, so we knew we had to work for what we got," she said.
"We have each other — that's the main thing. We don't live in a modern house or have new cars, no fandangle things. You're born with nothing, you're going to die the same way."
CV-
watched the first installment-
beautiful country- and I love fly fishing-
brutally hard in the wooded Shenandoah mountains- fishing for the brookies
No one else watched the KD video of the bloke shooting himself in the head? C'mon, guys. Where's your sense of panache?
Cold steel!
http://market-ticker.org/akcs-www?post=171216
mchappy-
saw that in the news earlier today-
pretty damn cool
The most amusing thing I saw on CNBC this morning was Tony Crescenzi on this morning with:
1. Trish (The Dish) Regan
2. Larry Kudlow
3. Melissa (I sucked Art Laffer's Cock) Francis
Anyhow, Mr. Crescenzi, a fixed income manager, attempted several times to comment on the condition of various sector/quality trends and project implications of various macro themes on fixed income classes. Each time, he was able to get about twenty words out before Trish interrupted him and shouted, "WHAT DOES THAT MEAN FOR STOCKS?!?!?!?!?!?"
I wanted to choke her. It is the mark of a complete amateur to ignore credit markets.
Sorry, replace "on this morning" with "on The Call"
Watched the most amazing thing tonight.
Travel channel..First ascent. Guy free climbed half dome in Yosemite. All you have is your shoes, your chalk bag, and you. 2000 feet straight up. Vertical!
It is hard enough to climb when you are being belayed....Free climbing half dome...otherworldly....
Ahab.. I put LB up to being Viggo.. told him it might make me more interested in him.. LOL..
CANNOT believe you didn't recognize him!! That's like not recognizing Clark Gable, Paul Newman, Robert Redford.. you kill me, Ahab : )
Don't even mention Eastern Promises.. i get goose bumps and shivers..
i hate blogspot.. i thot i posted my comment 45 min ago.. it was holding it in limbo..
Matthew.. i can understand your frustration!! I really appreciate/respect any Crescenzi insights..
so I am quite fascinated right now that the Fed is targeting equities when bonds and currencies are the bigger deals! and quite literally BEYOND their control.. so let's see what madness unfolds..
Here you go! this is all you need to know.. Why it is right to trade this fed led rally..
http://www.cnbc.com/id/40007714
Couple of thoughts on the thoughts here:
1) Lord of the Rings Trilogy was the best set of three movies I've ever seen...possibly better than the original Star Wars. Yes, they were THAT Good.
2) Melissa Francis does indeed have a huge mouth--which is useful for....
eating things.
3) I've lost money the last several weeks...but "I put my hands in the air like I just don't care"....I'm going all in bitchez'...and I love it.
4) Kudos to "Nic" and the "Curmudgeon" fellow at TBP in this comment section: http://www.ritholtz.com/blog/2010/11/usa-dysfunctional-polarization/#comments
5) And last, but not least, Something is Not Right with Me
Andy, THAT IS MY SONG!! LOL.. I literally said that a number of times this afternoon to a "friend." Okay, now I'll try to find those comments at TBP..
Andy, PS.. agree with your #1. Altho, i loved the first 2(?) Matrix movies.. and don't forget my infatuation with Jason Bourne.. or even the original 2 Terminator movies..
But seriously, I was never able to read the Tolkien series until AFTER the movies.. We were an addict family.. and the new one would come out around one of my sons birthdays.. birthday/movie night was our MO.. along with dinner after so we could TALK about it : )
does this mean we are all ponzi now?
Bank of Japan to buy stock-index ETFs, some REITs; leaves policy rate unchanged 11/04/2010 10:49:28 PM
karen-
oh Viggo!
who's that?
. . .and I am supposed to pull from that avatar some dude that played in Lord in the Rings that I couldn't point out in a line up?
Ahab, i will leave you to your Palin/O'Donnell crushes..
Watch Eastern Promises!! Right up your alley.. Lots of tatts..
here's my new favorite- Kristi Noem from South Dakota-
http://www.kdlt.com/images/news_images/large/content_id_3153.jpg
Eastern Promises? Never heard of it.
Born Viggo Peter Mortensen, Jr.
October 20, 1958 (age 52)
New York City, New York, U.S.
Occupation Actor, poet, musician, photographer and painter
oh! that Viggo!
the poet-
lol-
@Karen.
The very first Matrix movie blew me away like no other movie. For sure.
The overall trilogy was really good, but the nod must be given to LOTR (over Matrix).
I thot it was so good that I actually forced my wife and mother (Mother knows JR Tolkien quite well) to watch it...after the first 30 minutes they were both "hooked." We finished the entire trilogy in one very late night with all of us crying with the return of the King.
I'm envious of very few people...but I'm definitely jealous of Peter Jackson. Whatever happens in his life, he can always say: "Yeah, but I did make those three movies. What did you do?"
For me the only other thing that was equally awesome (maybe a little more so) was the original Star Wars.
Just sayin'.
My wife loves, loves, loves the Viggo.
G.I. Jane is one her faves most because of Viggo. Admittedly, I thought it was a really good film, despite the presence of Demi Moore.
Mmm, your wife has the best taste!! But I am crazy now for that Cold War Kids song you posted : )
And, I'm with you on your movie critique, 100%.
And, Ahab, obviously, needs to watch few more movies and a few less female politicians!!
(PS> never saw G.I Jane.. I get pts for that : )
Karen-
I saw LOTR- as I said- the first one was pretty good-
but that stupid hobbit that kept crying all the time- the side kick- I was like- why is this dude crying all the time-
I wanted to punch him in the face- and when they had the walking trees-
I had to laugh . . .guess I'm not into fatasies (unless it's of a bow hunting, gun toting rancher woman turned politician living in South Dakota)
on that video, it's right at :18, which reminded me...what hapened to 18?
He's around, just taking some time off after a couple of kidney stone days surgeries. Waiting for SPX 1242, that's if it breaks 1224 (not much resistance up around here), but it's run up too fast so maybe a pullback is in for the near future. Just a gut feeling though, not anything I see in the technicals.
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