Weekend Edition - Week 10 NCAA Picks/Week 9 NFL Picks

CV's PICKS - 2010 YTD Totals (all "ATS" [against the spread])

2010 Aggregate NCAA Picks(ATS): 35-21-2
2010 NCAA (unit picks differential): +5
NCAA 2010 Wager Total: (+$320)

NFL Aggregate Picks (ATS): 59-51-4
2010 NFL (unit picks differential): +13
NFL 2010 Wager Total: (+$960)



NORTHWESTERN (+6) at Penn State - 1 unit
Penn State 35  - Northwestern 21 (-$110) - Incorrect
Arkansas at SOUTH CAROLINA (-3.5) - 1 unit
Arkansas 41 - South Carolina 20 (-$110) - Incorrect
Ucf at HOUSTON (+2) - 1 unit (Friday Night)*
Central Florida 40 - Univ of Houston 33 - (-$110) - Incorrect
WESTERN MICHIGAN (+3) at Central Michigan - 1 unit (Friday Night)*
Central Michigan 26 - Western Michigan 22 - (-$110) - Incorrect

*two FRIDAY NIGHT games that I put in the blog comment section... If you weren't paying attention (and they won)... YOU SUCK... Instead - If they LOSE, be glad you were on to your FROU FROUS... NOT MUCH ACTION THIS WEEK... It's like Bernankrupt is now making VEGAS LINES as well (which means - IMPOSSIBLE TO BET & having any hopes of making money)...

Additional games of note (no "unit" plays) - [results] Green = correct/Red = incorrect: CV would favor: NOBODY... Even my "tried & true" (fade the RANKED TEAMS is off the table this week because Boise St. plays Hawaii, TCU plays on the road at Utah; Auburn plays some division 16 jayvee squad; and Oregon plays Washington w/o Jake Locker... For shits & grins I'll nominate ALABAMA... (good luck with that)...

Week 10 NCAA Picks (ATS): 0-5-0
Week 10 unit pick differential: -4
Week 10 wager total: (-$440)


NFL Preview: I will have individual game write-ups posted by kickoff Sunday
Week 9 Injury Report (for FANTASY PLAYERS):


BYE WEEK: (Washington, San Francisco, Denver, Tennessee)


Chicago Bears at Buffalo Bills (in Toronto, CANADA) (1:00 EST)
Line: Bears by 3

The obvious way to get to the Bears is to toss the kitchen sink at Mike Martz "no protection" scheme and send the QB to the x-ray room... Unfortunately, the Bills have only 11 sacks on the year... On the other side of the ball, the Bears rate #1 against the pass, largely due to Julius Peppers terrorizing QB's...

What I'm going for is the dynamic "inside" the above dynamic... 7 of the Bills 11 sacks have come in the past 3 games (so they've improved something)... Also, Ryan Fitzpatrick is a fairly mobile QB... He could avoid JP just enough to lob some screen passes over to CJ Spiller (who might finally have a breakout game here)...

It's a good percentage play to take teams that are winless, so I'm going with the BILLS for (4 units)...

San Diego Chargers at Houston Texans (1:00 EST)
Line: Chargers by 3

The Chargers are 2nd in the league in sacks (which doesn't bode well for Matt Schaub in having to wait for Andre Johnson to get open in coverage)... AJ himself, injured his ankle at the end of the Monday Night affair vs. the Colts... He's going to be nowhere near 100%...

You gotta think Houston will come in to this game a little flat and defeated... This is a horrible spot for them because they have division rivals Jacksonville coming in next week... I'll take the CHARGERS for (3 units)...

New Orleans Saints at Carolina Panthers (1:00 EST)
Line: Saints by 6.5

Nobody seems to be able to figure out the Saints this year... I can... It's easy... Their defense is banged up, they've got SAFETIES filling in at cornerback, and therefore they're not getting that +18 turnover margin they had last year... They lost Reggie Bush (and Pierre Thomas is out), so Drew Brees is trying to get things done all on his own with receivers who drop footballs... They don't have as many possessions per game (because when they were getting turnovers last year, they were working with half a field)... And they constantly BOG DOWN in the red zone (which amounts to another 3-4 "clock minutes" chewed up per game)...

So... Not that the Saints are a bad team... They're just not that flashy team that won the Super Bowl last year... The Panthers always seem to play the Saints tight, but that's when they have a reliable QB & a running game... This year they don't as left tackle Jeff Otah is out and they can't produce running lanes...

I'm going to go with the SAINTS here (against my better judgement)... Large favorites going into their BYE week have a pretty good record ATS... (1 unit) 

Arizona Cardinals at Minnesota Vikings (1:00 EST)
Line: Vikings by 7.5

To add to the Vikings list of woes of the ongoing Brett Favre saga, the Randy Moss debacle, and other issues... This week, owner "Zigi" apparently considered firing Bard Childress over the Moss incident... Rumors also have it that there was a shouting contest between Childress & Percy Harvin in Friday's practice... Let's not forget the problems he had with Adrian Peterson over the summer when Peterson showed up late to camp because of a benefit he was sponsoring...

I've been saying for years that childress should be fired... He's clearly a control freak and his team has only been held together by miracle wins last year, and talented players... But he's very much ON THE EDGE... I'm half expecting him to spontaneoulsly combust on the sidelines some week... Maybe this one...

I doubt anyone could fathom losing to the Arizona Cardinals (who are wracked with their own QB problems) as their hall of fame QB of the past few years is now on Dancing with the Stars...

It's hard to really do anything with this game except grab some popcorn and hope that either Childress bursts into flames on the sidelines, or drunken Derek Anderson thrown 20 interceptions... A word od warning... If there is a play that Anderson has to scramble to the Vikings sidelines and ends up near Childress... Do NOT STRIKE a match... If you're in the stadium... RUN, DO NOT WALK to the exit tunnel (because downtown Minneapolis is about to blow)... CARDINALS for (0 units)...

Tampa Bay Buccaneers at Atlanta Falcons (1:00 EST)
Line: Falcons by 8.5

For all you people who are in love with central bankers, and the "Bernanke Put"... You know... SURE THINGS... Like the fact that the stock market is going to rise because Bernankrupt wants it to and can pull some levers...

I offer you... The Atlanta Falcons & the Tampa Bay Buccaneers... This game is between the two LEADERS of the NFC south... Both are ahead of the World Champion Saints... They both are tied with the New York Giants for the best records in the NFC...

At the beginning of the season... Whoda thunk it? The Bucs were "rebuilding" and supposed to be doormats... The Saints were UNSTOPPABLE... And the COWBOYS (1-7) and the VIKINGS (2-6) and with their coach about to detonate were the SURE BETS to go to the Super Bowl...

I guess "that's why they go ahead and play the game"... Right? Kind of like THE ECONOMY... On paper, I suppose the DOW is going right to 36,000... Right? I mean, why not just re-set it to 36,000 tomorrow... Why bother with all the fuss?

Back to the game (the one they go ahead and actually play on the field - just for kicks)... I like this Bucs team, but you have to be a little careful here... They only have two losses, but both of those losses were blowouts (against quality teams - Saints Steelers)... In both of those games, their secondary got torched vertically... Atlanta has the possibility to do that here with Matty Ice & Roddy White (who play very well in the Georgia Dome)... Tampa Bay ranks dead last in stopping the run (so expect to see a heavy dose of Michael Turner as well)...

For Tampa Bay, Josh Freeman has shown a great ability to engineer drives at the end of the game (when his team was down)... In this case though, it may be a case of too little, too late... He threw a gruesome interception that almost cost his team the game last week in Arizona... While you have to guard against the "back door" cover here (because of the pointspread)... I'll go ahead and lay the points with the FALCONS for (2 units)...

J-E-T-S Jets, Jets, Jets at Detroit Lions (1:00 EST)
Line: Jets by 5

I don't really have much to say about this game... I don't like games that Betty White could handicap about as well as CV... Even though I've had a pretty good record handicapping NCAA games this year, if you look above in the thread, you'll see that on this particular weekend, CV has entered the Betty White pantheon of handicapping... It's what happens when I have "no feel" for a game...

The Jets aren't hard to understand... Rex Ryan is going to throw the kitchen sink at you on defense... & the offense is going to try not to make mistakes... So why did they get shut out at home last week vs. Green Bay?... Who knows? But perhaps all the fantasy owners who picked up Santonio Holmes (and got goose egged - and are now "sitting" him) will be equally pissed this week when he actually catches some balls against the porous secondary of the Lions...

I can't really handicap this game on personnel, so I'll just go on trends... it's usually a good idea to take a team ON THE ROAD that just suffered a shutout loss at home... That said, the JETS might NOT be the play here because they're 4 point ROAD FAVORITES... The idea, is that most teams who get shut out at home are teams that suck anyway... Then they're usually getting like 14 points the next week and somehow manage to cover...

I'll take the LIONS here for (0 units)... and suggest you go THE OTHER WAY from my pick...

Miami Dolphins at Baltimore Ravens (1:00 EST)
Line Ravens by 5

I've been totally inept this year in picking (or fading) the Ravens... I've been pretty good at taking the Dolphins, and have only been beaten by some bad luck (like the Rothleisberger fumble at the goal line that was awarded to the Steelers)...

Mostly, I've been siding with the Dolphins (and taking points), but I gotta say... I don't really like the Dolphins in this particular spot...

Cam Cameron had a stint at Miami (during the Bill Parcells era), and has always seemed to have the Dolphins number... Baltimore has won multiple playoff games on the road (in Miami), and I suppose he just knows how to gameplan... Add to that fact that baltimore is coming off its BYE week (while the Dolphins are playing their 2nd straight road game, and their 3rd straight AFC South opponent)... They have a slate of games within the division coming up, and well, they might just be flat here...

A lot of the Dolphins "cache" on offense has been moving the chains with slot receiver Davone Bess... They kind of stole the idea from the Patriots, as Bess has become a lot like Wes Welker... When you do that against Baltimore, it means that your sending a guy into the middle and just asking for Ray Lewis to deliver a body blow...

The Dolphins have kicked 10 field goals in the past two games (which means they're having trouble in the Red Zone)... Baltimore is #1 in the league in Red Zone defense... Add it all up, and it means that if the Ravens are scoring TD's and the Dolphins are kicking FG's... The Ravens might just be able to cover the 5.5 points... I'll take the RAVENS for (1 unit)... 

New England Patriots at Cleveland Browns (1:00 EST)
Line: Patriots by 4

Here you have Eric Mangini going against former mentor Bill Belchick... It's too bad that the Browns humiliated the Saints and then went on a BYE WEEK... Actually, it's good in a way, because you keep some positive feelings, but you may lose intensity...

I don't know what kind of "mission" the Patriots might be on here... Though they sport the best record in the NFL, they really are a mediocre team... Last week they played a "hype" game (the RANDY MOSS return), against a team whose coach is about to turn into a pillar of salt, and a 40 year old QB that looks like the dude in that "Operation" game from Milton Bradley...

Next week, and the week after, things will start to get more serious for the Pats who play the Colts & Steelers in successive weeks... If they happen to be "looking ahead" here (or, "looking behind" and reading all the sportswriters gushing over them being the #1 ranked team in the NFL despite they're hardly in the top 10 in any important statistical category:

- 16th passing yds
- 14th rushing yds
- 31st passing defense (2nd to dead last)
- 12th rushing defense

And that's after trouncing such juggernauts as the 2-6 Vikings, the 0-7 Bills, the 3-5 Bengals, & 3-4 Chargers... They do have quality wins against the Ravens (which came in overtime)... But their single loss came against the Jets (where they got annihilated)...

Nevertheless... In backing the Browns here, you're backing a rookie QB Colt McCoy... Granted - McCoy has NOT been the meltdown machine that most rookie QB's are... He played rather well vs. bot the Saints & Steelers (on the road)... But it's usually only a matter of time before a rookie QB makes some mistakes... I'm sure Mangini knows that, and, wanting to beat Belchick, will try to reduce errors and just feed the ball to Peyton Hillis all afternoon...

I don't know... To the PUBLIC, this is a small line (because the public still thinks the Browns such and the Patriots are gods)... I'll go with the BROWNS here, but only for a small (1 unit) play...

(write-ups will be published before kickoff)

New York Football Giants at Seattle Seahawks (4:05 EST)
Line: Giants by 7

The Seahawks lost a brutal game to the suddenly world beating Oakland Raiders... A lot of dynamics shifted for them in that game in that they lost some key personnel on defense, and Matt Hasslebeck got sacked 8 times and wound up with a concussion... The game featured a lot of flukey plays and bounces that all went the Raiders way...

With Hasslebeck out, the Seahawks are going to have to start Charlie Whitehurst for his first NFL start against a ferocious Giants pass rush that has knocked out 5 QB's already this year...

Let's not forget though that Seattle is a tough place to play... This game was a 5.5 line at the start of the week, but it's moved to 7 (now that it's been confirmed that Whitehurst is playing QB)... I think I'd have to take that line with the SEAHAWKS here but wouldn't recommend any units (0 units)... The move to 7 probably just means that they're protecting a 13 point teaser zone... They don't want the whole world piling onto the G-Men in teasers (with the Jets, Saints, & Patriots, & Steelers) all on tight lines, & the Colts GETTING points... Vegas has their flak jackets on this weekend against teasers... 

Kansas City Chiefs at Oakland Raiders (4:15 EST)
Line: pk

Since the world is suddenly in love with the Oakland Raiders here because they've scored 120 points in their last 3 contests... To me, that's like becoming "in love" with tea partiers (thinking they're going to go to Washington and solve many problems)... Betting on the Raiders often ends up in tears (except for those moments when they suck and they're GETTING points)...

KC has become a solid rushing offense... The funny thing I see is though, that the public still thinks Matt Cassel somehow has anything to do with the Chiefs turnaround... Let me set you straight, he's a noodle arm QB that has found himself in a "system" that happens to avoid terrible mistakes... He's LUCKY this week that Nnadi Asamogha went down on defense for the raiders at the end of last weeks game (otherwise he might find himself challenged here)...

I really can't get a handle on this game... I loved the Chiefs earlier in the week (when Vegas made them 2 point dogs)... But now that the line has switched to "pick-em"... I can't really make a call... Straight up, I can't put myself in the mood to fade the RAIDERS who have done nothing buy annihilate teams the past 3 weeks (0 units)...

Indianapolis Colts at Philadelphia Dog Killers (4:15 EST)
Line: Dog Killers by 3

Why are the Colts a 3 point dog? To anyone?... OK, I take emotions out of it and say that a point spread always moves 3 points towards the host... But that's saying that the Eagles & Colts are about even on a neutral field... Are they?

The Colts are decimated on offense... Interestingly though, the injuries are to "position players" (Gonzalez, Dallas Clark, Austin Collie, Joeseph Addai, & Donald Brown), & not to their offensive line... If the Eagles are going to do damage via blitz packages, it's the offensive line that's key (and the Colts are healthy there)... They also have this guy named peyton Manning that has made his career making "blitz packages" look silly...

Good Luck Andy Reid...

On the other side of the ball... Reid is going to start Michael "Dog Killer" Vick... (see video)... Vick is a more mobile QB than Kolb... But the Colts come after you with Freeney & Mathis (probably the most ferocious pair of defensive ends in the NFL... The Eagles offensive tackles are old and should have a lot of difficulty holding any kind of pocket...

This is going to come down to how well Vick can improvise...

Thus, I can't really say... Vick is too unpredictable to me... He's had some games in which he's put up some impressive fantasy numbers this year, but those were all against crappy squads... Just becaise the PUBLIC seems to think its getting a bargain here with the Colts here, I'll slide the other way and take the EAGLES for (0 units)... 


Dallas Cowboys at Green Bay Packers (8:25 EST)
Line: Packers by 7
CV is leaning to: COWBOYS (low unit play)


Pittsburgh Steelers at Cincinnati Bengals (8:35 EST)
Line: Steelers by 4.5
CV is leaning to: STEELERS (low unit play)

AmenRa's Corner

A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.

Creditcane™: NFP was BTE…but did you look under the surface?

Bullish short day. 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 1193.57). The monthly 3LB reversal has been placed on IR. QE2infinity.

Bullish engulfing day (did open lower but not by much). Midpoint below EMA(10). Tested and passed the 85.4% retrace at 76.29. Still may decide to test the 2009 low of 74.17. No daily 3LB changes (reversal is 78.18).

Bullish short day (morning star failure). Midpoint below EMA(10). Back below all SMA's. Below weekly 3LB mid and monthly 3LB mid. New low on daily 3LB (reversal is 21.83). Getting comfortable in the "no fear" zone.

Doji day (possible evening doji star). Back above all SMA's. Midpoint above EMA(10). Barely above new 0% retrace. New high on daily 3LB (reversal is 1342.50).

Bearish long day (higher open needed for a reversal so possible profit taking). Midpoint above EMA(10). Held its 61.8% retrace at 1.3899. Still above SMA(21). No daily 3LB changes (reversal is 1.3732).

Bearish harami day (body fully inside previous candle). Above all SMA's. Midpoint above EMA(10). Trading range is still between the Gann 3x1 and 4x1. No daily 3LB changes (reversal is 40.42).

Bullish harami day. The 0.0% fibo retrace at 23.59 is the line in the sand. Back above the weekly 3LB mid (25.35) but below SMA(21). Midpoint below EMA(10). Failed the 14.6% retrace at 26.00. No daily 3LB changes (reversal is 27.12).

Doji day. The upper trend line is far enough away to be historical. Above all SMA's. Midpoint above EMA(10). No daily 3LB changes (reversal is 4737.19).

Hanging man day. Midpoint above EMA(10). Above all SMA's. Still failing the Gann 1x1. New high on daily 3LB (reversal is 304.98).

Bullish long day. Midpoint above EMA(10). Back above all SMA's. New high on daily 3LB (reversal is 14.23). Resolved triangle/wedge higher. Sugarhoneyicetea. Repeat. Must be the free money from the Fed.

Spinning top day. Confirmed evening star. Above all SMA's. Midpoint above EMA(10). Tested and failed its 38.2% retrace at 1.1447. No daily 3LB changes (reversal is 1.1170).

The Bond Report 11.5.10

A stronger than expected jobs report led to a slightly softer bond market across the board, and a lot of selling in the inflation-sensitive long end of the curve. We have warned repeatedly of the effects of job number improvements on the long bond, and with a 10y and 30y auction ahead next week, the long end was soundly spanked.

Corpies: LQD -0.32%; AGG -0.28%; JNK -0.32%; HYG -0.11%;
Govies: TLT -1.72%; IEI -0.28%; TIP -0.34%
Hedgies: TBT 3.24%

We were ready for a full-scale sell off and wanted to buy the dip in HY, but corporates held up well. Expect a rally in Ts next week after the 10y and 30y auctions are over with. B/Ds got to get their share.... amusing stuff to be sure but it is going to be tough to make money in fixed income for a while.



Morning Audibles

OK... So I guess it's about time for another ANNOTATED BERNANKE installment (in case you missed BERNANKRUPT's "op-ed" piece in the Washington Post yesterday)...

"Two years have passed since the worst financial crisis since the 1930s dealt a body blow to the world economy."

Translation: 23 years have passed since me & my predecessor started blowing bubbles that started the ball rolling on this mess... The last 2 years were when the "money shot" moment occurred...

"Working with policymakers at home and abroad, the Federal Reserve responded with strong and creative measures to help stabilize the financial system and the economy."

Translation: change "policymakers" to "our slave master bankers" - keep the rest...

"These steps helped end the economic free fall and set the stage for a resumption of economic growth in mid-2009."

Translation: These steps ensured that our bonuses have been paid on time and that the "hookers" & "coke dealers" won't have to go on unemployment...

"Notwithstanding the progress that has been made, when the Fed's monetary policymaking committee - the Federal Open Market Committee (FOMC) - met this week to review the economic situation, we could hardly be satisfied."

Translation: When we're not watching porn on our computer screens, we've discovered there are actually NEW ways to shake you down...

"Unfortunately, the job market remains quite weak; the national unemployment rate is nearly 10 percent, a large number of people can find only part-time work, and a substantial fraction of the unemployed have been out of work six months or longer."

Translation: If all you people that get fired from your jobs would turn into pornstars & crack dealers... You'll see how our policies would begin to come to fruition.

"Although low inflation is generally good, inflation that is too low can pose risks to the economy."

Translation: Says the chairman of the ponzi scheme fractional reserve banking system... "We're the fractional reservists - and TRUST US, we're here to help"...

"In the most extreme case, very low inflation can morph into deflation (falling prices and wages), which can contribute to long periods of economic stagnation."

Translation: Deflation sucks because we don't get bonuses that way...

"The FOMC decided this week that, with unemployment high and inflation very low, further support to the economy is needed."

Translation: Lucky for us that the "inflation" numbers we use don't include food, fuel, and things that you need to survive... We've loaded up our balance sheet with CATFOOD FUTURES, which is why we're targeting this inflation metric... We're hoping the rest of you will just get with the program & die...

"This approach eased financial conditions in the past and, so far, looks to be effective again. Stock prices rose and long-term interest rates fell when investors began to anticipate the most recent action."

Translation: All we know how to do is blow asset bubbles... It's like Christmas every morning...

"Easier financial conditions will promote economic growth. For example, lower mortgage rates will make housing more affordable and allow more homeowners to refinance. Lower corporate bond rates will encourage investment. And higher stock prices will boost consumer wealth and help increase confidence, which can also spur spending. Increased spending will lead to higher incomes and profits that, in a virtuous circle, will further support economic expansion."

Translation: Prices for everything are going up (get used to it)... The purchasing power of your dollars are going down... When you see it at the gas pump, we'll rattle some sabres with the arabs or blow up a couple of oil rigs... The President will ask you to "make sacrifices", and do his part by sending his wife & her entourage on a Spanish vacation... You'll see pictures of it in the tabloids and think you need a new designer bag... As for food, your bread will still cost $1.89 a loaf at the supermarket, but you won't notice that the loaf just got a little smaller... 2 large tomatoes will cost you more than 5 bucks... Michele Obama will get some slaves to grow okra in the White House garden, put them in little jars with bows on them, and go on THE VIEW to show you how cute they are... See people? It's YOUR FAULT!

"While they have been used successfully in the United States and elsewhere, purchases of longer-term securities are a less familiar monetary policy tool than cutting short-term interest rates. That is one reason the FOMC has been cautious, balancing the costs and benefits before acting. We will review the purchase program regularly to ensure it is working as intended and to assess whether adjustments are needed as economic conditions change."

Translation: We don't know what the fuck we're doing... We're just pushing all the buttons and pulling all the levers at once hoping the plane will come out of its tailspin...

"Our earlier use of this policy approach had little effect on the amount of currency in circulation or on other broad measures of the money supply, such as bank deposits. Nor did it result in higher inflation."

Translation: The last time we did this, the banks used the money to pay bonuses, and create a cash flow hoarde to last them a few more months... Frankly, they're tired of all that austerity crap... This time they're GOING TO VEGAS baby!

"The Federal Reserve cannot solve all the economy's problems on its own."

Translation: You're GREAT at CREATING them on your own though, aren't you? SUCK IT UP people!

"The Fed is committed to both parts of its dual mandate."

Translation: Part 1 is turning you upside down... Part 2 is shaking every last coin out of your pocket...

"Steps taken this week should help us fulfill that obligation."

Translation: Agreed!

(CV's original Bernanke Annotated - July, 2010)

Anyway... We're all so glad that you took the time to open up to us Ben... We're so glad to hear you're feelin' alright... Unfortunately, we're not feelin' too good ourselves...

Seems I got to have a change of scene
Cause every night I have the strangest dreams
Imprisoned by the way it used to be
Left here on my own or so it seems
I got to leave before I start to scream
But someone's locked the door and took the key

You're Feelin' alright
Not feelin' too good myself
You're Feelin' alright
Not feelin' too good myself

Boy you sure took me for one big ride

Even now I sit and wonder why
And when I think of you I start to cry
Got to stop belivin' in all your lies
Cause I got to much to do before I die

AmenRa's Corner

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.

Bullish 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.

Bearish 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).

Bullish 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.

Bullish 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).

Bullish 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).

Bullish 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).

Bullish 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).

Bullish 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).

Bullish long day. Midpoint above EMA(10). Above all SMA's. Still failing the Gann 1x1. New high on daily 3LB (reversal is 301.53).

Bullish 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.


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.



This blog should not be interpreted as investment advice of any kind. The authors are NOT representing themselves CTAs or CFAs or Investment/Trading Advisor of any kind. The authors may or may not trade in the markets discussed. The authors may hold positions opposite of what may by inferred by this blog.The information contained in this blog is taken from sources the authors believes to be reliable, but it is not guaranteed by the authors as to the accuracy or completeness thereof and is presented here for information purposes only. Commodity trading involves risk and is not for everyone.