A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: My European vacation started today.
SPXDoji day again. Midpoint above EMA(10). Above all SMA's. Above the 14.6% retrace (1319.09). No daily 3LB changes changes (reversal is 1328.26). QE2infinity. "JBTFD. Don't question it. Just do it."
DXYGraveyard doji day. Midpoint below EMA(10). Failed the 0.0% retrace (75.63) from 11/4/10. Below all SMA's. No daily 3LB changes (reversal is 76.33).
VIXSpinning top day again. Midpoint below EMA(10). Still below all SMA's. No daily 3LB changes (reversal is 17.71). Still in the "no fear" zone.
GOLDSpinning top day. Midpoint above EMA(10). Made a new 0.0% retrace. Still above all SMA's. New high on daily 3LB (reversal is 1439.90). Holding above upper trend line. Must have the precious.
AUDJPYSpinning top day. Midpoint above EMA(10). Currently above all SMA's. No daily 3LB changes (reversal is 0.8522).
JNKBullish long day. Midpoint above EMA(10). Now above all SMA's. Still above its 50.0% retrace (40.42). Still below lower trend line. Daily 3LB reversal up (reversal is 40.21).
10YR YIELDHanging man day. No test of 0.0% retrace at 37.44. Still above all SMA's. Midpoint above EMA(10). Still above 61.8% retrace (35.14). Held the upper trend line. New high on daily 3LB (reversal is 34.48).
DJ TRANS AVGSpinning top day. Still above all SMA's. Midpoint above EMA(10). No daily 3LB changes (reversal is 5276.75).
CRBBullish short day. Midpoint above EMA(10). Still above all SMA's. Still above the 14.6% retrace (356.09). New high on daily 3LB (reversal is 362.18).
WTIBullish long day. Still above all SMA's. Midpoint above EMA(10). Made a new 0.0% retrace. New high on dally 3LB (reversal is 107.94).
SILVERHanging man day. Still above all SMA's. Midpoint above EMA(10). No test of 0.0% retrace. Holding upper trend line. New high on daily 3LB (reversal is 38.50).
LEFTBACK'S BOND REPORT
Bond Report:
Risk, on, a bit. JNK up.
Belly of the curve, ok.
Long end, sold off, a bit.
MUB rallied. MBB didn't.
Got me some of that 4.62% action.
Expecting we will see higher yields at next week's auctions.
Over and out.
6 comments:
Yen lower in the AH. No repatriation happening yet. Hell the Nikkei is up. AUDJPY & EURJPY higher (because the yen is down hard). But gold is also higher (probably will break 1470 tomorrow) and so is silver ($40 here we come).
Not really a closet American Idol fan here...
My family loves it and I watch it.
Happy to see Pia Toscano depart. She was overrated.
The "cup and handle" on WTI targets $118/bbl....
yowsa.
Nikkei up pretty good. US futures getting weaker. Silver tagged $40. Gold still waiting to tag 41470.
WTI now at $111 and rising.
http://finviz.com/forex_charts.ashx?t=EURUSD
Mayo ~1.44+ !
ibid.
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