A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: Came out swinging in the AM and got knocked around for a bit. Corner threw in the towel towards the close.
SPXHanging man day (but it didn't gap higher aka warning bears). Midpoint above EMA(10). Still above all SMA's. No daily 3LB changes (reversal is 1276.56). QE2infinity.
DXYSpinning top day (failed morning star start). Midpoint below EMA(10). Below the 23.6% retrace (78.72). Heading for the 14.6% retrace (77.54). Below all SMA's. New low on daily 3LB (reversal is 78.64).
VIXBullish short day (failed to confirm dark cloud cover). Midpoint above EMA(10). Tested and passed SMA(55). New high on daily 3LB (reversal is 17.75). Stuck in the "no fear" zone. Currently does not have a monthly 3LB reversal.
GOLDDoji day. Still below SMA(89). Midpoint below EMA(10). 0.0% retrace holding. Tested and held the 38.2% retrace (1328.33). New low on daily 3LB (reversal is 1360.50). Must have the precious.
EURUSDBullish short day. Midpoint above EMA(10). Well above its 50.0% retrace at 1.3506. Still above all SMA's. New high on daily 3LB (reversal is 1.3466).
JNKBullish short day. Midpoint above EMA(10). Back above SMA(55). Finally closed the gap post dividends. Still above 38.2% retrace (40.28). No daily 3LB changes (reversal is 40.47).
10YR YIELDBearish short day. Failed the 14.6% retrace at 33.86. Back below SMA(21). Midpoint below EMA(10). No daily 3LB changes (reversal is 32.36). Holding above upper trend line.
CRBBearish short day (guess that was bearish engulfing which just was confirmed). Midpoint below EMA(10). Back below SMA(21). No test of new 0.0% retrace. No daily 3LB changes (reversal is 323.94). Also now below weekly 3LB reversal price.
MUBSpinning top day. Midpoint above EMA(10). Back above SMA(21). Held the 23.6% retrace (98.10). No daily 3LB changes (reversal is 99.96). Tested and failed the weekly 3LB mid.
TLTBullish short day. Midpoint above EMA(10). Back above SMA(21). Held lower trend line. No daily 3LB changes (reversal is 90.94).
13 comments:
The Bond Report will return tomorrow. This is due to signal failure in the area of Stoke Poges.
We regret any inconvenience that this may cause.
Mind the gap.
Egyptian police take an epic leak in the direction of their people:
http://www.zerohedge.com/article/egyptian-tiananmen-square-redux-fail
At least it is only water in this movie. They have been shooting and killing elsewhere... things that make you go... hmm....
Deep Tangle Roots
http://www.youtube.com/watch?v=JLZOOQwSAH0
"Science claimed to bring relief from the hostile forces religion promised and couldnt bring... and still end up infinitesimal quanta, studying the King of Kings."
"We must produce, dont come like them chastisement, bring good news. If thats the direction they still choose, then dont be lamenting on the news... tell lie vision news."
Joyful Noise from the Rasta Iya Orda.
"Stay root, water the Earth."
Dont know if everyone caught this, but if you have an hour, Jim Simons has some interesting stories:
http://paul.kedrosky.com/archives/2011/01/james_simons_sp.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+InfectiousGreed+(Paul+Kedrosky's+Infectious+Greed)
@Matthew,
re: online poker
I play at Full Tilt
my avatar...the gnome of course.
Colin thanks for the link on Simons
I remember reading in bloomberg magazine a few years ago that Simon's realized zeno's paradox when he was 5 or 6 years old.
interesting read here- the death of the Stock Market? Or at least its original purpose-
http://www2.macleans.ca/2011/01/24/the-stock-market-is-for-suckers/print/
the piece on Facebook- interesting, as I had not really delved into the GS investment (and subsequent million $ foreign investors)- maybe the stock market has outlived it usefulness and is in its present form just a sham . . .or a mere shadow of what it supposed to be or once was . . .
. . .and from the article it appears that unregulated markets for ownership stakes are gaining ground-
guess that's what happens when any chump can buy stock on the NYSE
Speaking of unregulated markets for ownership stakes.....crowdfunding.
http://www.mobilecrunch.com/2011/01/24/meet-the-satarii-star-the-crowdfunded-iphone-accessory-of-every-bloggers-dreams/
ahab
Interesting article. The market may have lost its way. The fact that many prefer to stay private says a lot. Investing in company because of its growth potential still exists but the bulk of trades are for short term profit these days.
Amazing! "The hottest company in America" is "worth" $50 billion.
If wasted time is worth that much, then where's MY paycheck?
I heard the President say he'll create jobs through imagination...
Yeah...imaginary jobs.
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