A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: It's happening all over. Can't you feel it?
SPXBullish short day again. Midpoint above EMA(10). Still above all SMA's. Made a new 0.0% retrace. New high on daily 3LB (reversal is 1332.32). QE2infinity. JBTFD…
DXYBearish short day. Midpoint below EMA(10). Still above the 14.6% retrace (77.54). Back below SMA(21). Daily 3LB reversal down (reversal is 78.61). Well below weekly 3LB mid.
VIXDoji day. Midpoint above EMA(10). Still below all SMA's. No daily 3LB changes (reversal is 15.69). Still out of the "no fear" zone. Currently has a monthly 3LB reversal.
GOLDSpinning top day. Midpoint above EMA(10). 0.0% retrace holding. Now above all SMA's. New high on daily 3LB (reversal is 1374.10). Must have the precious. Had a weekly 3LB reversal up.
EURUSDBullish long day. Midpoint above EMA(10). Still above 1.3506 (the 50% retrace). Back above SMA(21). Daily 3LB reversal up (reversal is 1.3478).
JNKBullish short day. Midpoint above EMA(10). Still above all SMA's. Now above its 61.8% retrace (40.67). Finally crossed above lower trend line. Daily 3LB reversal up (reversal is 40.34).
10YR YIELDBearish short day. No test of 0.0% retrace at 37.44. Still above all SMA's. Midpoint below EMA(10). No daily 3LB changes (reversal is 35.20).
BKXSpinning top day. Midpoint above EMA(10). Above all SMA's. No test of 0.0% retrace. No daily 3LB changes (reversal is 54.90).
TLTBullish short day (but closed lower). Midpoint below EMA(10). Still below all SMA's. Not testing lower trend line. No daily 3LB changes (reversal is 88.19). Currently has a monthly 3LB reversal (down).
EEMDoji day. Midpoint above EMA(10). Back above SMA(21). Still above its 38.2% retrace (45.06). Tested but failed the 23.6% retrace (46.42). No daily 3LB changes (reversal is 46.76).
SILVERBullish long day. Still above all SMA's. Midpoint above EMA(10). Made a new 0.0% retrace. New high on daily 3LB (reversal is 30.54). Blythe?!? Blythe?!? RU OK?
LEFTBACK'S BOND REPORT
The Bond Report 2.18.11
The non-death of the US fixed income market continued, as rates continued to be range-bound within the new parameters recently established. It was risk-on, with HY > IG and TIP > TLT as The Dread Spectre of Inflation stalked the land.
Munis continue a mild but not wholly convincing recovery. Zeros approach a new nadir, but should offer an attractive risk/reward opportunity at some point.
Corpies: LQD 0.15%; AGG -0.02%; JNK 0.34%; HYG 0.30%
Govies: TLT -0.31%; IEI 0.07%; TIP 0.46%
Munis: IQI 0.25%; MUB 0.19%
Mortgages: MBB 0.08%
Specialty: ZROZ -0.98%; TBT 0.53%
We did nothing, but contemplated the continued upward trajectory of our junk. In equities we re-entered the cheeky short of China and Emerging Markups of which we have lately been so fond.
14% long US stocks. 30% short EMs and China.
17% AGG, 9% JNK, 9.5% TLT, 5% LQD and 5% TIP. [45% total]
19 comments:
Crude Oil 89.90 +1.06 +1.19
Natural Gas 3.905 +0.004 +0.10
Corn 720.25 -2.75 -0.38
Soybeans 1381.0 -35.5 -2.50
30yr Bond 119.21875 -0.21875 -0.18
10yr Note 119.062500 +0.046875 +0.04
NY Gold 1389.5 +4.4 +0.32
NY Silver 32.635 +1.065 +3.36
http://www.ino.com/
i (k)no, right? :)
http://finviz.com/futures_charts.ashx?t=SI&p=h1
Argent
http://finviz.com/futures_charts.ashx?t=CT&p=d1
wicked Candle on the Soft Stuff..
AAIP
AR, Fixxy..
as per, nice wrappage~!
From Neely's Question of the Week:
Question: Rather than a 4-6 year bear market staring Jan. 2008, is there a level on the S&P 500 that would indicate a new, bull market started March 2009?
Answer: Simply stated, the answer to your question is NO...such a level cannot be identified at this time. Why? The 4-6 year bear market (beginning January 2008) is a small piece of a much larger, 20-30 bear market starting September 2000. Consequently, even if the S&P made a new, all-time high this year, the rally off 2009's low would remain corrective. For that reason, the rally off 2009's low must (at some point) be retraced at least 61.8% BEFORE a new bull market is "allowed" to begin. In addition, since wave-C (beginning January 2008) is corrective, it must be part of a larger, ongoing formation, which means a D and E wave will unfold following the conclusion of wave-C. Combining wave structure implications with the above facts, I can confidently predict the S&P will spend 90% (or more) of the next 10-20 years gyrating between the highs and lows it has already established since January 2000.
Bruce in TN from much earlier today:
"It was pitched at the time as a creative way to strengthen both the state and its pension fund, by allowing Illinois to borrow at low interest rates, then cover the borrowing cost by investing the proceeds at a projected 8 percent rate of return in its pension fund.
The strategy failed because the pension investments have so far paid a lower rate of return, roughly 3 percent, than the interest rate on the bonds, about 5.1 percent."
I almost spat my coffee out this morning reading that one....
You've got to be kiddding me....
If that was the "concept/strategy," then someone needs to be dragged through the public square....
"Anonymous said...
The same thing could be said to the muni holders-
how are you going to pay for these wonderful goodies you are promising me?
February 18, 2011 9:05 AM"
EXACTLY.
I-Man said...
I dont think Keynes knew much about THE REAL WORLD...
February 18, 2011 11:06 AM
~~~~~~~~~
I don't think many Economists know much about the Real World....
AT,
those Pension Fund 'Managers' have to be 'screwi** the Pooch' on Purpose, no?
what's so F****** difficult about a trough of USTs and selling the Options on the Futures 'tract(s) ??
right? Covered Call writing meets FI, no?
that's got to be xx%/annually, yes?
AAIP
Air Force Wants Troll Persona Management Software
February 18th, 2011
Via: Federal Business Opportunities:
Online Persona Management Service. 50 User Licenses, 10 Personas per user.
Software will allow 10 personas per user, replete with background , history, supporting details, and cyber presences that are technically, culturally and geographacilly consistent. Individual applications will enable an operator to exercise a number of different online persons from the same workstation and without fear of being discovered by sophisticated adversaries. Personas must be able to appear to originate in nearly any part of the world and can interact through conventional online services and social media platforms. The service includes a user friendly application environment to maximize the user’s situational awareness by displaying real-time local information.
Posted in COINTELPRO, False Flag Operations, Social Engineering, Technology, War | Top Of Page
http://cryptogon.com/?p=20609
The official position of the US Secretary of State is that countries around the world should respect their citizens’ rights to free speech, free expression and free assembly — and that’s precisely what Sec. Hillary Clinton said during a Tuesday speech at George Washington University.
Unfortunately, as she spoke, not 15 feet in front of her, a series of events unfolded that utterly undermined the message.
Former CIA agent Ray McGovern, an outspoken critic of US foreign policy, stood silently in the auditorium’s center aisle, and turned his back on Clinton.
For his symbolic and otherwise non-disruptive protest, he was quickly accosted by security agents. As they struggled to pull him out of the room, a CNN news camera caught the tail end of the ordeal.
Posted in Dictatorship, Perception Management | Top Of Page
http://cryptogon.com/?p=20606
@6.01PM
Just the idea that:
A Pension fund could borrow "cheap" and then successfully invest the proceeds into strategies that would yield good "alpha" just seems friggin' insane to me. It's bad enough that these yokels have obligations that they can't meet using "pie in the sky" assumptions about Pension Fund peformance, but then to compound the error by taking leverage (via debt) is just friggin' bizarre.
Hedge Funds and Speculative Trading shops do that sort of thing....Pensions should not.
...Isn’t it weird how an article that’s over three decades old reads pretty much like one written today when it comes to the topic of people being able to store energy that they collect on their own properties?
Anyway, so what happened? How did this project turn out?
This is from, Performance Testing and Economic Analysis of a Photovoltaic Flywheel Energy Storage and Conversion System:
A subscale prototype of a flywheel energy storage and conversion system for use with photovoltaic power systems of residential and intermediate load-center size has been designed, built and tested by MIT Lincoln Laboratory. System design, including details of such key components as magnetic bearings, motor generator, and power conditioning electronics, is described. Performance results of prototype testing are given and indicate that this system is the equal of or superior to battery-inverter systems for the same application. Results of cost and user-worth analysis show that residential systems are economically feasible in stand-alone and in some utility-interactive applications.
I felt pretty frustrated after reading all of this. Why can’t I buy one of these for my house?! ...
http://cryptogon.com/?p=20555
"We did nothing, but contemplated the continued upward trajectory of our junk."
Such a great way with words LB.
EUR looked like it wanted to hold under the 2/2 trendline, and did for a little while. I didn't like that the bid kept coming and kept hopping in and out on a short, finally early this morning getting out for good, with a few pennies.
Dodged a major bullet on that one.
For the future, there really isn't going to be any buyers on the way down, the whole rally on the EUR has been a giant short squeeze. If the back side is steeper than the front, watch out...
"For the future, there really isn't going to be any buyers on the way down"
after it clears out all the dip buyers- which is now akin to Pavlov's dog-
once the dip appears folks starts salivating and have to buy-
it's called conditioning . . .
Anyone else checkin charts on a friday nite?
I-Bro,
what you peepin' ??
wheat
Gann called it the "war indicator"...
http://finviz.com/futures_charts.ashx?t=ZW&p=d1
821.40 -29.20
nice to see some of the 'heat' coming out of that..
AAIP
I-Bro,
how deep have you gone into Gann?
I've always thought him to be fairly fascinating, though, have, really, only skimmed the surface..
ibid.
Mad deep.
Post a Comment