A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: How do you like Momo Monday now?
SPXBearish long day. Midpoint below EMA(10). Failed SMA(21). Tested and failed the 14.6% retrace (1319.09). No daily 3LB changes (reversal is 1340.43). Closed below daily 3LB mid. QE2infinity. JBTFD?
DXYBullish short day (possible hammer but no long day preceding it). Midpoint below EMA(10). Way below the 14.6% retrace (77.54). Below all SMA's. No daily 3LB changes (reversal is 76.89).
VIXBullish long day. Midpoint above EMA(10). Back above SMA(144). No daily 3LB changes (reversal is 15.81). Back in the "complacent" zone. Currently does not have a monthly 3LB reversal.
GOLDSpinning top day (evening star?). Midpoint above EMA(10). Made a new 0.0% retrace. Still above all SMA's. No daily 3LB changes (reversal is 1414.00). Still above upper trend line. Must have the precious.
EURUSDSpinning top day. Midpoint above EMA(10). Still above 1.3891 (the 61.8% retrace). Above all SMA's. Holding above 1.3782 (fibo .09). No daily 3LB changes (reversal is 1.3805).
JNKBullish short day. Midpoint above EMA(10). Held SMA(21). Holding above its 50.0% retrace (40.47). Still below lower trend line. No daily 3LB changes (reversal is 40.78).
IQISpinning top day. Midpoint below EMA(10). Back below all SMA's. Held its 23.6% retrace (11.68). No daily 3LB changes (reversal is 12.30). Failed to close above its weekly 3LB mid (11.76).
10YR YIELDSpinning top day. No test of 0.0% retrace at 37.44. Still below SMA(21). Midpoint above EMA(10). Still below the 14.6% retrace (35.38). No daily 3LB changes (reversal is 34.14).
WTIBullish short day (too much tail for shooting star). Still above all SMA's. Midpoint above EMA(10). Made a new 0.0% retrace. New high on daily 3LB (reversal is 99.63).
RBOB GasolineBearish engulfing day. Midpoint above EMA(10). Above all SMA's. Closed back below the 14.6% retrace (3.01). No daily 3LB changes (reversal is 2.91).
SILVERShooting star day. Still above all SMA's. Midpoint above EMA(10). Made a new 0.0% retrace. Well above upper trend line. New high on daily 3LB (reversal is 34.42).
19 comments:
Thanks, AR! Discovered something since we are missing a bond report..
if you click on the auction, it gives you the results with a neat chart at the bottom!
http://www.nasdaq.com/markets/us-economic-calendar.aspx
In other news: ReutersBreakingNews
Al Jazeera says interim rebel govt rejects Gaddafi offer of meeting to consider his resignation
karen
You can get the same thing here: http://www.bloomberg.com/markets/economic-calendar/
Watch the CHF to see which way the wind is blowing. This morning it was falling against the $ well before the rest.
In other news, we got another foot of snow. 167 inches for the year. I hope this is the last of it.
The long upper shadows on gold and silver are institutional shorts knocking down the price to lesson the amount needed for margin calls. Every new high will have some taking profits. Oil will fluctuate depending on which Gaddafi rumor is current.
bob
I don't want to see anymore snow this year ROR.
I'm back!! after pilates this evening i did something I have never done before.. returned two bottles of wine to Trader Joe's.. Bought yesterday morning, tried last night.. 2007 Three Knights Merlot.. poured just a taste in my glass and found it undrinkable even as I sat distracted at laptop! Corked it back up, opened a Zin instead.. Later, sitting in front of the fire having dinner with my son, I noticed he uncharacteristically had a small glass of wine poured.. I commented and he said, Oh, please, you take it.. I can't drink it. Turns out he had poured the merlot for himself as well. The took both bottles back without question..
just came from next door neighbor's, the tj's manager, quaffing his latest wine specials. he confirms, without question, they will take anything back.
about time you returned, bat! there is almost no one left : )
Around and watching futures try to trick the bulls into thinking that yesterday was a outlier.
@karen
Well on the subject of wine... The only "sensible" argument goes as such... (age old story - white vs. red)
---
Male announcer: The white zone is for immediate loading and unloading of passengers only. There is no stopping in the red zone.
Female announcer: The white zone is for immediate loading and unloading of passengers only. There is no stopping in the red zone.
Male announcer: [later] The red zone is for immediate loading and unloading of passengers only. There is no stopping in the white zone.
Female announcer: No, the white zone is for loading of passengers and there is no stopping in a RED zone.
Male announcer: The red zone has always been for loading and unloading of passengers. There's never stopping in a white zone.
Female announcer: Don't you tell me which zone is for loading, and which zone is for stopping!
Male announcer: Listen Betty, don't start up with your white zone shit again.
[Later]
Male announcer: There's just no stopping in a white zone.
Female announcer: Oh really, Vernon? Why pretend, we both know perfectly well what this is about. You want me to have an abortion.
Male announcer: It's really the only sensible thing to do, if its done safely. Therapeutically there's no danger involved.
Obama restarts Guantanamo trials after 2 years
http://www.msnbc.msn.com/id/41957269/ns/politics
Oh but wait...
"White House also reiterates that it remains committed to eventually closing the facility"
So I guess they have THAT going for em...
---
CV supposes... "I DON'T stand "corrected" for what I've been saying for going on 2 years now..."... Not that anyone around here really cares about my 2 bit POV on macro matters...
Hope & Change bitchez!
"Hope & Change" - ROR
More like "Pomp & Circumstance" (for Harvard flunkees)...
Definition of FLUNKY
1a : a liveried servant b : one performing menial or miscellaneous duties
2: yes-man
---
flunkee
Main Entry: loser
Part of Speech: noun
Definition: person, thing that fails
Synonyms: also-ran, deadbeat, defeated, disadvantaged, down-and-outer, dud, failure, flop, flunkee
Antonyms: achiever, success, winner
...checking the AH...
COFFEE BITCHEZ!
http://www.youtube.com/watch?v=QMFwFgG9NE8&feature=related
... But in any case - "coffee is for closers"!
Why the skeleton crew?
"Crusher of Worlds: Ben Bernanke". New bumper sticker on my old VW! Designed it myself on zazzle. Got 5 for $20. Well worth it!
I'm beginning to think twitter is the 21st century equivalent of mob mentality..
gristle
A play on "Fluffy"?
Yeh, I've got 4 to spare. Gabriel Iglesias can have one if he really means it.
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