A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
![](http://2.bp.blogspot.com/_XaPHRge5GtE/TA1i3jD0fbI/AAAAAAAACXU/7um2KdZN-CU/s320/eye+of+hurricane.gif)
Creditcane™: Go ahead. Keep on buying the dips. Like a funnel cloud sometimes I'm not on the radar until the last second.
![](http://2.bp.blogspot.com/-LwpuSWVWlWU/TW69NbeMMMI/AAAAAAAAIaQ/NKKY8wwK7N8/s200/SPX_030211.png)
Bullish thrusting day (failed to confirm bearish engulfing). Midpoint below EMA(10). Failed SMA(21). Tested and held the 23.6% retrace (1303.70). No daily 3LB changes (reversal is 1340.43). Closed below daily 3LB mid. QE2infinity. JBTFD?
![](http://4.bp.blogspot.com/-__Iya0psm58/TW69Hkh5onI/AAAAAAAAIaI/wsAGouj4ql0/s200/DXY_030211.png)
Bearish long day. Midpoint below EMA(10). Way below the 14.6% retrace (77.54). Below all SMA's. New low on daily 3LB (reversal is 77.41). Not the safety haven anymore?
![](http://3.bp.blogspot.com/-LFMIPqkAw5o/TW69HY5NjjI/AAAAAAAAIaA/dYac4PntKWM/s200/VIX_030211.png)
Spinning top day (possible bearish harami). Midpoint above EMA(10). Still above SMA(144). No daily 3LB changes (reversal is 15.81). Back in the "complacent" zone. Currently does not have a monthly 3LB reversal.
![](http://4.bp.blogspot.com/--xz0wo9xQAA/TW69HXaaNUI/AAAAAAAAIZ4/5ebEb-_Ft8E/s200/GOLD_030211.png)
Spinning top day (possible start of evening star). Midpoint above EMA(10). Made a new 0.0% retrace. Still above all SMA's. New high on daily 3LB (reversal is 1415.80). Well above upper trend line. Must have the precious.
![](http://4.bp.blogspot.com/-8iQLmwpTGFY/TW69HKLf7QI/AAAAAAAAIZw/DcJkSI9E-7Y/s200/EURUSD_030211.png)
Bullish long day. Midpoint above EMA(10). Still above 1.3506 (the 50% retrace). Above all SMA's. Closed back above 1.3782 (fibo .09). New high on daily 3LB (reversal is 1.3681).
![](http://2.bp.blogspot.com/-_L7S3pGXou4/TW69G42m0pI/AAAAAAAAIZo/v72Rm0plJ44/s200/10YR_030211.png)
Bullish short day. No test of 0.0% retrace at 37.44. Back above SMA(55). Midpoint below EMA(10). Daily 3LB reversal up (reversal is 34.14).
![](http://3.bp.blogspot.com/-M4gh5RhkOlI/TW683sL0xmI/AAAAAAAAIZg/pFWhkyFrn7k/s200/LQD_030211.png)
Bearish long day. Back below SMA(55). Midpoint at EMA(10). No daily 3LB (reversal is 108.13). Currently has a monthly 3LB reversal (down).
![](http://4.bp.blogspot.com/-mvSoc4q1JrA/TW683RRWIII/AAAAAAAAIZY/4nLLEW3upyU/s200/MUB_030211.png)
Bearish engulfing day. Midpoint above EMA(10). Back below SMA(89). No daily 3LB (reversal is 99.26). Still above the weekly 3LB mid.
![](http://3.bp.blogspot.com/-GouGBCCVBPI/TW683MLmpqI/AAAAAAAAIZQ/Ls6InHCdXJA/s200/WTI_030211.png)
Bullish long day. Still above all SMA's. Midpoint above EMA(10). Closed back below the 14.6% retrace (99.41). New high on daily 3LB (reversal is 95.42).
![](http://1.bp.blogspot.com/-2FUw-xUe4t8/TW683BHIRAI/AAAAAAAAIZI/m_7nXw3zTnE/s200/SILVER_030211.png)
Spinning top day. Still above all SMA's. Midpoint above EMA(10). Made a new 0.0% retrace. Back above upper trend line. New high on daily 3LB (reversal is 33.30).
![](http://3.bp.blogspot.com/-l528Ck1taoI/TW682_KLAFI/AAAAAAAAIZA/HQYBH6uCbFc/s200/BKX_030211.png)
Spinning top day. Midpoint below EMA(10). Still below SMA(55). No daily 3LB changes (reversal is 53.10). Now below weekly 3LB reversal price.
LEFTBACK'S BOND REPORT
The Bond Report 3.2.11
A mild risk-on day and a big steepener. JNK and EMB were the winners. Long duration was steadily sold during the day. Claims tomorrow and then the MOST IMPORTANT NFP NUMBER IN HISTORY on Friday. Again.
Corpies: LQD -0.51%; AGG -0.18%; JNK 0.27%; HYG 0.00%
Govies: TLT -1.38%; IEI -0.25%; TIP -0.15%
Munis: IQI -0.08%; MUB -0.20%
Mortgages: MBB 0.00%
Specialty: ZROZ -2.29%; TBT 2.74%; EMB 0.13%
We are 29% long fixed income, and added to our hedge (15%).
Equity longs remain 17% divvys and 5% SPY.
We await the Ghaddafi demise relief rally.
"Suicide is painless, it brings on many changes..."
![](http://2.bp.blogspot.com/_XaPHRge5GtE/TG3WyNDKDcI/AAAAAAAAD7s/oGqN2NTLwHY/s320/infinity_symbol.jpg)
10 comments:
Thanks, AR.. I got stuck on previous thread! Left some links there, fwiw.
Michael Pento: http://www.financialsense.com/contributors/michael-pento/taps-for-the-dollar
went to a Cow/Calf auction today..
wow..
saw the 'Calf only' part of it..
young'uns between 75-115 pounds..
many traded under 40 cents/lb.
seemed the avg. was ~60 cents..
was really struck by those low Prices..
'cost of Feed' was heard muttered a # of times..
'Herds' are being trimmed.
AAIP
Arrgghh. Why did I look at futures?
good evening! AR, I said that about my mailbox this afternoon..I actually told myself NOT to get the mail before I left for pilates.. Ha! sure enuf, bad news awaited, sighing.. but I got over it so maybe it was for the better. I notice about a high read on my water bill again. All I can think is that I have a leak and/or they used a lot of water testing my balcony and outdoor stairs.. We have had so much rain, I have had the sprinklers off! In any case, I was very upset. I will investigate further.
This is not good.. I couldn't even read it after I saw his stats..
29-year old Spokesman for "Heart Attack Grill" restaurant drops dead http://bit.ly/hLg5UJ
things are heating up.. but any rebuttal to Krugman is welcome to me:
http://iowahawk.typepad.com/iowahawk/2011/03/longhorns-17-badgers-1.html
karen
At least he found the info needed to prove his point. Unlike Krugman. But I think the education system should worry less about tests and more about getting the children educated. There is more prepping for tests than actual teaching.
AUDJPY & EURJPY are down. Gold and silver off their low. DXY & EURUSD basically flat. WTI holding above 102 (w/ AH high of 102.94).
Futures screaming higher in the AH. 0.5% or better in YM, NQ, ES. Talk about gaming the system.
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