A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: Domino number one was Alcoa. Did you heed the warning?
SPXBearish long day. Midpoint below EMA(10). Still above all SMA's (go figure). Now below the 14.6% retrace (1319.09). New low on daily 3LB (reversal is 1332.87). QE2infinity. "JBTFD. Don't question it. Just do it. Trust me."
DXYSpinning top day (confirmed bullish thrusting). Midpoint below EMA(10). Made a new 0.0% retrace (74.70). Below all SMA's. New low on daily 3LB (reversal is 75.40).
VIXSpinning top day. Midpoint below EMA(10). Still below all SMA's. No daily 3LB changes (reversal is 17.87). Still in the "no fear" zone.
GOLDBearish long day (confirmed dark cloud cover). Midpoint above EMA(10). No test of 0.0% retrace. Still above all SMA's. No daily 3LB changes (reversal is 1452.50). Holding above upper trend line. Must have the precious.
EURUSDSpinning top day. Midpoint above EMA(10). Still above 1.4346 (the 76.4% retrace). Above all SMA's. New high on daily 3LB (reversal is 1.4216).
10YR YIELDBearish short day (after gap lower). No test of 0.0% retrace at 37.44. Still above all SMA's. Midpoint above EMA(10). Tested and failed 61.8% retrace (35.14). Held the upper trend line. No daily 3LB changes (reversal is 34.91).
DJ TRANS AVGSpinning top day. Still above all SMA's. Midpoint below EMA(10). No daily 3LB changes (reversal is 5378.96).
CRBBearish long day. Midpoint at EMA(10). Still above all SMA's. Still above the 14.6% retrace (357.80). Daily 3LB reversal down (reversal is 368.70).
WTIBearish long day (confirmed bearish engulfing). Still above all SMA's. Midpoint below EMA(10). No test of 0.0% retrace. Dally 3LB reversal down (reversal is 112.79).
SILVERSpinning top day. Still above all SMA's. Midpoint above EMA(10). No test of 0.0% retrace. Holding upper trend line. No daily 3LB changes (reversal is 39.19).
EEMBearish long day. Midpoint below EMA(10). Above all SMA's. Daily 3LB reversal down (reversal is 50.04).
5 comments:
Thanks for the wrap BTW Amen. Crude was struggling to hold above 105.50, which is where I see 'daily support' based on the crude closes.
The API data was sort of bullish for gasoline...so maybe, we get some hops in crude, which will be a sell.
To the folks who commented on the phys silver trading last: appreciate the info.
As an aside, one of the couples who bot a lot of silver coins from us, wrote back that the husband was very pleased with the condition and delivery and that they were "now ready for TEOTWAWKI."
So, there you go....
As some of you know, I'm not a Tom Brady fan...mostly because I'm jealous of him. Though, he could do better than Gisele. There are much better looking supermodels than her (not kidding).
Anyway...this d-bag had an interview today where he starts crying about where he went in the draft...
ugh....
crying?
crying about your life?
C'mon Man! I sort of wanted to punch him in the face.
http://www.youtube.com/watch?v=vGF4l3hcgBg
I see silver didn't participate in the sell off as much as the other PMs.
AUDJPY & EURJPY higher in the AH. Not good for bears.
http://tinyurl.com/3d7yvz9
Matt Taibbi "The Real Housewives of Wall Street"
An example of why the fight over the budget is BS.
Post a Comment