A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
The hour is upon us. Who will emerge as the victor?
Creditcane™: I'm back from vacation. Traders be warned.
SPXHammer day (confirmed bullish thrusting). Midpoint below EMA(10). Failed SMA(55). Failed the 23.6% retrace (1303.70). No daily 3LB changes (reversal is 1315.44). QE2infinity. "JBTFD" nuff said.
DXYBearish short day (not an inverted hammer because hair is too short). Midpoint below EMA(10). further below the 14.6% retrace (77.54). Below all SMA's. Daily 3LB reversal down (reversal is 77.28).
VIXBearish short day (yet closed higher). Midpoint above EMA(10). Held above SMA(144). No daily 3LB changes (reversal is 15.81). Still in the "some fear" zone.
GOLDSpinning top day (failed to confirm bullish thrusting). Midpoint above 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.
AUDJPYSpinning top day. Midpoint below EMA(10). Still below SMA(55) & SMA(89). Still below its 76.4% retrace (0.8226). New low on daily 3LB (reversal is 0.8369).
JNKDoji day. Midpoint below EMA(10). Failed SMA(55) & SMA(89). Failed its 38.2% retrace (40.28). Still below lower trend line. New low on daily 3LB (reversal is 40.72).
10YR YIELDBearish short day (failed morning star). No test of 0.0% retrace at 37.44. Still failing SMA(55). Midpoint below EMA(10). Still below the 23.6% retrace (34.11). New low on daily 3LB (reversal is 35.72).
WTIHammer day and color is opposite of trend. Still above all SMA's. Midpoint below EMA(10). No test 0.0% retrace. Held the 23.6% retrace (100.03). No daily 3LB changes (reversal is 99.63).
SILVERDoji day. 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).
BKXHammer day. Midpoint below EMA(10). Still below SMA(55). No daily 3LB changes (reversal is 51.86). Tested and failed weekly 3LB reversal price.
HYG/LQDSpinning top day. Tested and failed the 38.2% retrace (0.836). Tested and held SMA(89). Midpoint below EMA(10). New low on daily 3LB (reversal is 0.8437).
60 comments:
Worth a read: Michael Pettis "The Dollar, RMB and the Euro" http://www.financialsense.com/contributors/michael-pettis/the-dollar-the-rmb-and-the-euro
YM just dropped 50 ticks pretty quick... somethings got em spooked.
This is a very quiet time of day for a move that big.
Will attempt to chirp in from London and Sri Lanka.
No promises
If you're down Sri Lanka way, you might consider hopping a ferry up the Bay of Bengal (Bangladesh way)... From what I understand it, they could teach your lads a thing or two about how to play cricket)...
Me? I'll be a fe hundred kilometers northwest (in case you want to meet up for a beer)...
http://www.youtube.com/watch?v=ZvbqGubZmgo
Latest Pacific Trajectories From the Japanese Reactor
http://cliffmass.blogspot.com/2011/03/latest-pacific-trajectories-from.html
"We can stop talking about 'Japan' to some extent and start talking about the Kanto Plain. If this area is significantly contaminated, Japan will be in a serious state the likes of which has not yet been contemplated. There are not many arable, population-dense plains in the islands, and Kanto is by far the largest and most significant. With all of Japan being about equal to Montana or Germany in land area, we are talking about a large proportion of the country's population-sustaining capability.
http://en.wikipedia.org/wiki/Kant%C5%8D_Plain
It seems that in the summer prevailing winds are onshore as the ocean stays cool while the land heats up.
http://space.hsv.usra.edu/CLRC/papers/Tsunematsu.pdf
"In the Kanto Plain, a steady sea breeze originating from the Pacific coast frequently prevails under the cloudless weak synoptic wind condition. This sea breeze is called the extended sea breeze because its horizontal scale exceeds 100 km (Kondo, 1990). The extended sea breeze can transport atmospheric pollutants to the inland area (Kurita et al., 1990). The sea breeze is, therefore, familiar to people living in the Kanto Plain including the Tokyo metropolitan area."
If there is a core breach or multiple breaches, no resource can be spared in entombing the units ASAP. The international community, led by the UN and IAEA, should be actively planning this action for all of these units at this time.
This is not a joke and not alarmist. Ukraine could 'spare' some countryside. Japan cannot..."
Nikkei down another -4.98%
Nikkei down another -4.98%
...and US Treasury Cash drops to just $14.2B (w/no bond auctions until next week)...
http://www.zerohedge.com/article/treasury-cash-drops-just-142-billion-and-no-bond-auctions-until-next-week-america-about-run-
but I wouldn't worry... Obama will probably just go out and get a PAYDAY LOAN (or he & FLOTUS could pawn the White House silverware)...
...after all, Peggy Joseph needs her gas & mortgage paid...
CV
I was just reading that. The US is not living paycheck to paycheck but day to day. Sheesh.
http://en.wikipedia.org/wiki/Thorium
quote:
Thorium as a nuclear fuel
Thorium, as well as uranium and plutonium, can be used as fuel in a nuclear reactor. A thorium fuel cycle offers several potential advantages over a uranium fuel cycle including much greater abundance on Earth, superior physical and nuclear properties of the fuel, enhanced proliferation resistance, and reduced nuclear waste production. Nobel laureate Carlo Rubbia at CERN (European Organization for Nuclear Research), has worked on developing the use of thorium as a cheap, clean and safe alternative to uranium in reactors. Rubbia states that a tonne of thorium can produce as much energy as 200 tonnes of uranium, or 3,500,000 tonnes of coal.[14] One of the early pioneers of the technology was U.S. physicist Alvin Weinberg at Oak Ridge National Laboratory in Tennessee, who helped develop a working nuclear plant using liquid fuel in the 1960s.
Some countries are now investing in research to build thorium-based nuclear reactors. In May 2010, researchers from Ben-Gurion University in Israel and Brookhaven National Laboratory in New York, received a three-year Energy Independence Partnership Grant to collaborate on the development of a self-sustainable fuel cycle for light water reactors.[15] According to the Israeli nuclear engineer, Eugene Shwageraus, their goal is a self-sustaining reactor, "meaning one that will produce and consume about the same amounts of fuel," which is not possible with uranium. He states, "the better choice is thorium, whose nuclear properties offer considerable flexibility in the reactor core design." Some experts believe that the energy stored in the earth's thorium reserves is greater than what is available from all other fossil and nuclear fuels combined.[15]
Key benefits
According to Australian science writer Tim Dean, "thorium promises what uranium never delivered: abundant, safe and clean energy - and a way to burn up old radioactive waste."[16] With a thorium nuclear reactor, Dean stresses a number of added benefits: there is no possibility of a meltdown, it generates power inexpensively, it does not produce weapons-grade by-products, and will burn up existing high-level waste as well as nuclear weapon stockpiles. The Thorium Energy Alliance (TEA), an educational advocacy organization, emphasizes that "there is enough thorium in the United States alone to power the country at its current energy level for over 1,000 years." [17] Reducing coal as an energy source, according to science expert Lester R. Brown of The Earth Policy Institute in Washington DC, would significantly reduce medical costs from breathing coal pollutants. Brown estimates that coal-related deaths and diseases are currently costing the U.S. up to $160 billion annually."
The US is not living paycheck to paycheck but day to day. Sheesh
Maybe that's why Obama is letting GA-DAFFY off the hook by dragging his heels on the "no fly"...
GA-DAFFY promised to "let him hold" a hundred billion or so until next week...
The most technological country in the world, a company, TEPCO, that runs 53 nuke plants and they have fucking crayon flip charts????
It's pretty easy to evacuate 60,00 folks when they are buried under mud.
foghorn
"Hey GA-DAFFY... Lemme hold a hundren bil for a couple dayz homes"
@Amen (8:45)
I think 'Timmeh''s ONLY chance is if he calls these guys...
http://www.youtube.com/watch?v=HX0fIi3H-es
BTW...
If anyone is interested... I went ahead and created an NCAA BRACKETS Tournament on yahoo...
Here's the link (if you want to sign up & fill a bracket)...
http://tournament.fantasysports.yahoo.com/t1/register/joinprivategroup_assign_team?GID=145169&P=blackswanzbitchez
Use this info...
Group ID# 145169
Password: Blackswanzbitchez
Futures very red......but it's early in the AH.
oil up futures down...
Obama played golf this weekend..interesting...
@Amen (9:28)
Ron Paul: Chairman Bernanke, did you order the printing of $4 trillion to be given to Wall Street bankers?
John Boehner: You don’t have to answer that question!
Ben Bernanke: I’ll answer the question!
[to Paul]
Ben Bernanke: You want answers?
Ron Paul: I think I’m entitled.
Ben Bernanke: You want answers?
Ron Paul: I want the truth!
Ben Bernanke: You can’t handle the truth!
[pauses]
Ben Bernanke: Son, we live in a world that has Wall Street bankers, and those bankers have to be enriched by men with printing presses. Who’s gonna do it? You? You, Representative Ryan? I have a greater responsibility than you could possibly fathom. You weep for the Middle Class, and you curse the Federal Reserve. You have that luxury. You have the luxury of not knowing what I know. That the US Dollar’s death, while tragic, probably enriched Wall Street bankers. And my existence, while grotesque and incomprehensible to you, benefits Wall Street bankers. You don’t want the truth because deep down in places you don’t talk about at Tea Parties, you want me on that printing press, you need me on that printing press. We use words like debasement, inflation, systematic risk. We
use these words as the backbone of a life spent defending banking interests. You use them as a punchline. I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the blanket of the very excess liquidity that I provide, and then questions the manner in which I provide it. I would rather you just said thank you, and went on your way, Otherwise, I suggest you pick up a computer terminal, and create a few trillion dollars. Either way, I don’t give a damn what you think you are entitled to.
Ron Paul: Did you order the printing of $4 trillion?
Ben Bernanke: I did the job I…
Ron Paul: Did you order the printing of $4 trillion?
Ben Bernanke: You’re $%#@&$$ right I did!
"Here lurks the potential global Black Swan. (Sorry for the caps) Do not dismiss what 40 years of stockpiled spent fuel rods could do if combusted...
Why you ask?
Because they store the used fuel rods in a cooling pool above and adjacent to... are you ready for this?
ALL 6 of the GE Mark 1 reactors.
If the cooling pumps to the spent fuel storage pools fail the water will evaporate and the spent fuel will heat and may combust. I don't think I even have to tell you how bad that development could be but it would certainly likely be global.
http://news.yahoo.com/s/csm/20110314/ts_csm/369577
A particular feature of the 40-year old General Electric Mark 1 Boiling Water Reactor model – such as the six reactors at the Fukushima site – is that each reactor has a separate spent-fuel pool. These sit near the top of each reactor and adjacent to it, so that cranes can remove spent fuel from the reactor and deposit it in a swimming-pool-like concrete structure near the top of the reactor vessel, inside each reactor building.
If the hydrogen explosions damaged those pools – or systems needed to keep them cool – they could become a big problem. Keeping spent-fuel pools cool is critical and could potentially be an even more severe problem than a reactor meltdown, some experts say. If water drains out, the spent fuel could produce a fire that would release vast amounts of radioactivity, nuclear experts and anti-nuclear activists warn.
GE brings good things to life!"
CV
That was the script used in the extranormal cartoon with the bears.
http://www.xtranormal.com/watch/7933323/
Ben Bernanke as Col. Jessup in "A Few Good Men"
GE: "You glow, we glow, the world glows"
@Amen
Well all I know is that "futures" say we're going "GLOW-ER"...
Oh shit. Announcement going on now in Japan telling people to stay indoors and shut the windows and avoid outside ventilation.
cv@9.44pm
Classic.
Another 10 more points down on the ES futures and we'll finally be into support.
I like the 1272-1275 area as support for tomorrow morning...
I wouldn't "BUY" that level, but the message of the technicals is to NOT "SELL" into that level....
Let market work out its inner demons in that zone first.
"Anonymous said...
AT,
as well, see: http://www.ritholtz.com/blog/2011/03/ending-wall-streets-ibgybg-bonuses/#comments
you're 'seconding' my Thesis, re: FDIC, has attracted, yourself, a 'following'...
AAIP
March 13, 2011 9:03 PM"
Hoffer. I now wish I had cared enough to go back to the Ritholtz site in semi-real time. There are some misguided souls there for sure.
Nice that DSS gave all the fucktards a "high five" though...
Funny stuff, that.
Whoa Nikkei futures down over 10%
Getting a feeling that NYSE Borse will be having "technical" problems at the open.
what's the old adage-
buy when radiation is in the air?
If Neely's count is right of an "expanding triangle" down from the top, we may just see a mini "waterfall" lower to ....
1226?
i.e. this overnight move could be the e-wave of that expanding triangle.
Good Luck...could get "bumpy."
"what's the old adage-
buy when radiation is in the air?"
Oh Ahab...
If this wasn't so serious, that would be pretty funny....
AT,
that's the way the pattern would look best is for a big drop right here, and also the c would be much stronger than the a wave then.....I imagine that'd also give him even higher confidence that his big (B) wave has topped.
so much crazy shit going on
ben22:
What's crazy, or "funny," is that when I suggest to to my boss/workmates that the SP500 could see 800 handle, they chuckle at me...
As if it's not even in the realm of possibility.
AT-
I just try to entertain-
but it is serious- I understand that- but no more heinous a statement than the real adage-
"buy when blood is running in the streets"
uh-oh.. just saw futures..
of course, there will be no fall out for the fall out.. CBs can make everyone whole again, right?
Hmmm NYSE circuit breakers better be getting an overnight tune up.
Japan prime minister says high risk radiation has leaked from Fukushima plant, urges calm
03/14/2011 10:07:39 PM
Really tasteless, lost his job over it....
Apparently Japan is a big market for Aflack
http://twitter.com/realgilbert
Business Insider
*Check Out The News Alert People In China Just Got: "If Rain Comes, Remain Indoors 24 Hours" * UPDATE http://read.bi/hc2o4u
Just looked again at the page, they removed all the good japan jokes.
NicTrades Nicola
Wedge patterns in hourly Silver and Gold break lower ...
* Japan is really advanced. They don't go to the beach. The beach comes to them.
* What do the japanese have in common with @howardstern? They're both radio active.
* Japan had put out this urgent plea...." PLEASE SEND US A FEW BIlLION RUBBER DUCKIES!!!!!"
* Japan called me. They said "maybe those jokes are a hit in the US, but over here, they're all sinking.
* What does every Japanese person have in their apartment? Flood lights.
* I was talking to my Japanese real estate agent. I said "is there a school in this area." She said "not now, but just wait."
* My Japanese doctor advised me to stay healthy I need 50 million gallons of water a day.
Japan's Nikkei Average starts afternoon trade down 8.4%
03/14/2011 11:31:29 PM
You know, this is a decent little "overnight" drop in the SP futures....little more than a "scratch."
@ Total fucking douche bag at 11:33
Why dont you get some class you asshole?
Think that shit is funny?
what is the s&p low so far? i'm seeing 1250 and dropping.
OK, I just read the 11:31, but still...
Not really the time.
ES low 1265
Down 24 sticks
YM low 11701
Down 220 pts
fwiw-
I thought the last joke on the Japanese joke list was kind of funny
Ok now I know this is so wrong but...http://img856.imageshack.us/img856/1236/nippongodzilla.jpg
Whoa Nikkei futures now down over 16%...
i'm too sad.. nothing is funny.
ES now in the 1250 range...
In re: the Japanese jokes...
Probably not "the time" for jokes...
Though, it's a free forum and not a censored knitting circle...so reveal yourself how you would like.
Just sayin...a bit "gauche."
Wall Street bosses calling their traders back in to work. "No I don't want you to come in early tomorrow. I want you here NOW!"
Folks can do that if they want, sure, but I'm still going to call it out for being totally fucking without class, and pretty close to just plain evil.
There are people dying over there, people who cant get food, water, medical care, shelter... cant go outside and breath air because its contaminated.
And people want to share jokes???
Thats just fucking sick, and if you do that, I say, from the bottom of my heart:
Fuck you.
IMan@12.25
Agreed.
Futures were trying to make a comeback but they're turning back down.
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