A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: Got my directions mixed up. Should've gone west instead of east.
SPXBullish thrusting day. Midpoint below EMA(10). Held SMA(55). Tested and passed the 23.6% retrace (1303.70). No daily 3LB (reversal is 1315.44). QE2infinity. "JBTFD" nuff said.
DXYBearish long day. Midpoint above EMA(10). Still below the 14.6% retrace (77.54). Below all SMA's. No daily 3LB changes (reversal is 76.40).
VIXBearish long day. Midpoint above EMA(10). Held above SMA(144). No daily 3LB changes (reversal is 15.81). Still in the "some fear" zone.
GOLDBullish thrusting day. Midpoint below EMA(10). No test of 0.0% retrace. Still above all SMA's. No daily 3LB changes (reversal is 1437.70). Still above upper trend line. Must have the precious.
EURUSDBullish long day. Midpoint below EMA(10). Still below 1.3891 (the 61.8% retrace). Above all SMA's. Held above 1.3782 (fibo .09). No daily 3LB changes (reversal is 1.3784).
LQDSpinning top day. Tested but failed SMA(89). Midpoint above EMA(10). No daily 3LB changes (reversal is 109.22).
MUBSpinning top day. Midpoint below EMA(10). Still below SMA(21). No daily 3LB changes (reversal is 99.26). Still above the weekly 3LB mid.
10YR YIELDSpinning top day (or start of morning star). No test of 0.0% retrace at 37.44. Failing SMA(55). Midpoint below EMA(10). Still below the 23.6% retrace (34.11). No daily 3LB changes (reversal is 35.72).
WTIBearish long day. Still above all SMA's. Midpoint above EMA(10). No test 0.0% retrace. Failed to hold the 14.6% retrace (102.67). No daily 3LB changes (reversal is 99.63).
SILVERBullish short day (failed to confirm bearish engulfing). Still above all SMA's. Midpoint above EMA(10). No test 0.0% retrace. Well above upper trend line. No daily 3LB changes (reversal is 34.84).
BKXBullish thrusting day. Midpoint below EMA(10). Still below SMA(55). No daily 3LB changes (reversal is 51.86). Tested and held weekly 3LB reversal price.
24 comments:
http://www.reuters.com/article/2011/03/11/financial-regulation-dividends-idUSN1114296320110311
US Fed decision on bank dividends expected in days
Analysts predict Wells, JPM, PNC, USB dividend boosts
That might be a Sell the News event, you can bet they will run those dogs on Monday !
Ra, sorry about bonds this week. Too little time, too much life.....
AFIA
No problem.
'Dudley faced persistent questions from the audience on food inflation. The president of the Federal Reserve Bank of New York said people forget that even as the price of food is rising, other prices are falling. He mentioned the price of the iPad 2, prompting guffaws from the audience.'
I'll tell you what, these Fed guys are awesomely stupid.
We've all said the "let them eat cake thing at some point in the last year
we've got it all wrong, it's the 2000's baby
let them buy iPads!
News from the "real" world...my not-so-little town has an Apple store. I pad 2 released today? Something big was going on -- line of hundreds of people waiting, literally winding all the way around the block, no parking to be found anywhere, so I assume it was all for Ipad 2. Fascinating. I clearly don't get it...
Obviously, I don't even get that the I is supposed to be "i".
Ben -- a while ago (december?) you posted a link to a blog called Sherrie Questioning All. I check in there from time to time, partly because she makes me look sane. Anyway, she had some really interesting stuff on solar flare activity within the last couple of days...and then this earthquake. Just sayin'.
Have a good weekend everyone! AR - thanks, always, for the wrap.
Oh -- and I'm pissed I didn't take the long setup. Seeing it and not taking it does not pay.
Jennifer,
I'll have to check that out.
The apple store in the mall here has a nasty smell that comes out of it from all the people, it is always mobbed and then they have two employees for every one customer it seems, they staff two full time state police officers in the store, I hate going in that place.
and yeah...you had that break right today pretty much in real time. always next week.
very interesting take on QE2 basically saying it is irrelevant if they let QE2 wind down as planned. Makes sense too-
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/3/11_Jim_Rickards_-_QE_is_dead,_long_live_QE!.html
this is pretty wild:
http://www.sfexaminer.com/local/bay-area/2011/03/teenager-who-survived-jump-golden-gate-bridge-faces-jail-time-fine
b22-
I've been on that bridge- not a small jump by any means-
and that water is freezing cold- the surfers there wear heavy 5/3 wetsuits
linkage:
http://sherriequestioningall.blogspot.com/
J-,
good on ya, for chewing on some that s****..
I think it helps keep the 'teeth', among other things, sharp.
also, she has tsunami coverage..
http://sherriequestioningall.blogspot.com/2009/05/webcams-in-pacific-and-atlantic-for.html
AAIP
http://www.youtube.com/watch?v=iGBq6Z-qFxo
volcano action in Japan, as well..
@ahab
What about this bridge?
http://www.foxnews.com/images/root_images/031111_japantsunami_20110311_162918.jpg
CV-
looks like something from the movie 2012
http://translate.google.com/translate?js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&sl=pl&tl=en&u=http%3A%2F%2Fwiadomosci.dziennik.pl%2Fswiat%2Fartykuly%2F325753%2Cna-dalekim-wschodzie-trzesie-sie-ziemia-i-wybuchaja-wulkany.html
volcano action on Kamchatka Peninsula (Russia)
http://finviz.com/quote.ashx?t=GRM&ty=c&ta=1&p=d
~16.03
1st target, achieved~
ibid.
http://whatreallyhappened.com/
worth looking over, today..
ibid.
pretty interesting that Armageddon appears to be upon us-
but alas- folks line up to buy an iPad2?
as if you couldn't sit and reflect- maybe a few days possibly- before you venture forth to purchase a new toy?
and then we have fools from the Fed saying- food prices- WHO CARES!!!- you can get an iPad2 at the same price as an iPad1!
as b22 said- maybe the new take on Marie Antoinette is "let them play on their iPads"
http://www.usgs.gov/corecast/details.asp?ep=147
USGS chinwag on Japan Quake/Tsunami..
ibid.
http://earthquake.usgs.gov/earthquakes/recenteqsww/
World Map of recent Quakage..
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