"Just because you're not for real...
Why you wanna hurt me?"...
You told me to go up the block...
To get you a strawberry pop...
When I got back to the flat...
You had BURNED RUBBER out the back...
I went to the closet & saw no clothhes...
All I saw was HANGERS & POLES...
Went to the phone & called your mother...
Told her YOU'D 'burned rubber on me'... Charlie!..."
And otherwise...
It's OK... (PROBABLY... CV's all time 'theme' song - the WAY I ROLL)...
"So here's a solution that... COMES TO MIND"...
WTI (weekly info)
new high 112.79
trend=up
high= 112.79
rev= 105.39; mid= 109.09
The trend in WTI is changing quickly. Not only was there a bearish engulfing on the daily chart but the weekly chart has also formed a bearish engulfing. Now this could be due to another rumor of peace talks in Libya... PEACE BREAKS OUT... Whoda thunk it?...Could also be demand destruction in the US as people are buying less gas and carpooling or having staycations... When Obama "nationalizes" NFLX... You'll kno 4 sure...
AAPL (weekly info)-no change (below mid)
trend=no
direction=down (1 bar)
low= 330.67
rev= 360.00; mid= 345.34
Apple's glory days may be coming to an end. It is now trading below its monthly 3LB mid which indicates that major weakness is taking hold... IRRADIATED COMPONENTS BITCHEZ... It also is acting like its wants to make a confirming low on the weekly 3LB chart (has until Friday). The SMA(55) and lower trend line may serve as support if the monthly 3LB reversal price is taken out. The fact that its weighting on the NASDAQ is about to be reduced doesn't help its situation... As IF...
22 comments:
You Dropped A Bomb on Me, Baby.....
http://finviz.com/quote.ashx?t=AAPL
finviz has a nice Chart on AAPL..
clearly, what looks like a 'Double-Top', and a sideways break of the, previous, uptrend..
also, seems that ~330+ is looking more important, for the 'Bulls'..
~~
http://finviz.com/quote.ashx?t=NFLX&ty=c&ta=1&p=d
looks similar, though, not as 'far along'..
'Double-Top' ~245, and working its way Down..
~~
http://finviz.com/forex_charts.ashx?t=AUDUSD&tf=w1
Aussie v. 'Paperback' looks extended..
~~
also, 'Everyone's' favorite 'Inflation' plays seem to be 'coming in'..
http://finviz.com/futures.ashx
AAIP
I see the dollar is down and the UST yields are down. Usually one is up while the other is down. I guess TG didn't like what he saw heading into the auctions.
CV
The scene in the last video where the two women were dissed was classic.
Still feels like today is an option pain day. My guess is that there were probably too many people long at 1300. They hadn't closed their positions and were waiting for expiration before closing. That would have cost the PD's a ton of money. Hope those people had solid or trailing stops in place.
http://www.optionpain.com/OptionPain/Option-Pain.php
currently ~132 for SPY
ibid.
All I can say is..."Wow."
Crude just getting wrecked here.
We're approaching second level of Weekly support on the "with alacrity."
that second level of weekly support on the S&P was 1305...seems like we might hold that on the first go....
Just got in from the gym...
LOL - looks like I probably should have used "Oops Upside Your Head" as the theme song...
There are two fibonacci ranges I was looking at. One is from 11/16/10-2/18/11 with 1319.09 (14.6%) and 1303.70 (23.6%) as areas of concern. The other is from 3/16/11-4/8/11 with 1318.12 (23.6%) and 1304.92 (38.2%) as areas of concern. You can see that there is "some" overlap as the price levels for the retraces are close to each other. So the 1319.09-1318.12 area and 1304.92-1303.70 area are the ones to watch.
The SPX has also closed the real gap on the daily chart (3/29/11-3/30/11). It had been calling the bears for days like a siren's song.
It's still interesting to me that on these RISK OFF days, there's no real scramble to the dollar...
Probably because the teleprompter in chief is going to read off the teleprompter tomorrow about how the debt ceiling NEEDS to get raised so that he can continue to pay for Peggy Josephs gas & mortgage...
The dollar "safe haven status" lease has expired.
Or maybe it's just that Peggy Joseph isn't happy anymore with just her gas & mortgage...
She wants her Netflix sunscription tossed in there as well... And while you're at it, buy her some Netflix stock...
The yen, kiwi and swiss franc are the only currencies higher today.
CV
Wait a minute. Were the two ladies in the video supposed to be the evil step sisters?
The dollar "safe haven status" lease has expired
Must make Yellen & Krugman very happy to hear that...
Just think what our EXPORTS are going to look like when the dollar hits ZERO...
Is there a video of the Bretton Woods conference from this past weekend? Or minutes?
The SPX daily candle may be trying to make a hammer...
as an aside, speaking of Golf..
does anyone else think it funny that Rocco Mediate endorses a(n), alleged, "Swing" Harness and is sponsored by DICK'S (Sporting Goods) ??
ibid.
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