A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: I had more planned but overexerted myself.
SPXBearish short day (confirmed hanging man). Midpoint above EMA(10). Still above all SMA's. Holding above trend line (3/6/09-7/1/10). Holding the 38.2% minor retrace (1314.25). No daily 3LB changes (reversal is 1353.22). QE2infinity.
DXYDoji day (didn't confirm bullish harami). Midpoint below EMA(10). Failing the 38.2% minor retrace (74.40). Still below all SMA's. Failing its weekly 3LB mid. No daily 3LB changes (reversal is 75.99).
VIXBullish short day. Midpoint above EMA(10). Now above all SMA's. Tested and held its 61.8% minor retrace (18.56). No daily 3LB changes (reversal is 21.32). Has yet to be paroled from the "no fear" zone.
GOLDBullish short day. Midpoint above EMA(10). Tested and held its 0.0% retrace (1607.90). Still above all SMA's. New high on daily 3LB (reversal is 1589.30). Holding above upper trend line. Must have the precious.
EURCHFBearish long day. Midpoint below EMA(10). Holding its 0.0% retrace (1.1467). Tested and failed its 38.2% minor retrace (1.1726). Failing all SMA's. Daily 3LB reversal down (reversal is 1.1732).
JNKBearish short day (confirmed hanging man). Midpoint above EMA(10). Failed SMA(89) & SMA(144). Holding its 61.8% retrace (40.20). Failed test of 38.2% minor retrace (40.45). Failed trend line (2/5/10-2/12/10). No daily 3LB changes (reversal is 39.86).
10YR YIELDDoji day. Tested and held SMA(21). Midpoint above EMA(10). Tested and held its 50.0% minor retrace (29.87). Still below the upper trend line. No daily 3LB changes (reversal is 31.97).
WTIBearish short day. Holding above SMA(55). Midpoint above EMA(10). Still holding its 38.2% minor retrace (97.98). No dally 3LB changes (reversal is 97.25).
SILVERSpinning top day. Still above all SMA's. Midpoint above EMA(10). Still above the upper trend line. Tested and failed its 38.2% retrace (40.69). No daily 3LB changes(reversal is 38.15).
BKXDoji day (confirmed hanging man). Midpoint above EMA(10). Tested and held SMA(21). Held its 38.2% minor retrace (47.20). No daily 3LB changes (reversal is 48.32).
HYG/LQDBearish long day. Tested and failed SMA(233). Midpoint above EMA(10). Failing its 50.0% retrace (0.8259). No daily 3LB changes (reversal is 0.8329).
2s30s SpreadSpinning top day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 50.0% minor retrace (3.85). No daily 3LB changes (reversal is 4.03).
IT HAS BEGUN. BE WARNED.
19 comments:
Congressman had to put a MSNBC anchor in their place...http://www.fundmymutualfund.com/2011/07/video-hilarious-clip-from-msnbc-when.html#idc-container
http://finviz.com/futures_charts.ashx?t=LH
someone was saying they were 'Short Hogs' ..
I'm not interested in the Price remaining strong/going up...
but, "What was the rationale behind the Idea?"
AAIP
the fuzzy wuzzy one highlighted this chart from the NY Times:
http://www.ritholtz.com/blog/2011/07/long-term-unemployment-by-state/
It's pretty interesting how the duration of unemployment drops off considerable after Week 14 and then doesn't pick up again until after 52 weeks of unemployment. It's sort of an interesting graph to me.
Wonder what happens after 14 weeks?
Monsieur AAIP, was maybe me. I was short the stock... HOG, after it jumped up over $46 the other day., didn't drop much- didn't go up much also, I'm so over that now...even trade
Still hold SPY AUG calls, SPXU SEP calls (may eat this one), BAC calls, and FXE puts bot today, will buy more tomorrow. Love trading FXE calls/puts, seems I have alot of winning trades... oops, I just jinx'd myself :/
whatcha trading now?
AT, maybe it has something to do with the census hiring, then lay-off again. All I know is when PrezO took over, some numbers were changed, had to go back and redo my database. Ya know, it was Bush's fault the numbers were wrong!
This guy Joe Wiesenthal needs to keep his 'day job' of writing 100 word blurbs and then linking to some other story:
http://www.businessinsider.com/closing-bell-july-25-2011-7
Think he was the only one who thot markets were going to "crash" because of the debt celing talks....
pretty pumped about football....
the circus' are back on ....
Anyone catch the post-strike press conference where Jeff Saturday gives Robert Kraft a hug? geezo...I just about started to crying too. Trey Wingo was going to lose it.
"C'mon Man!"
I laid 10:1 against the Texas making the AFC Championship....I probably got arbitraged somewhere....but I like fading the Texan homers here....
Here's proof that Obama did something with the numbers.
texans...
8-8
stop...
@q's
the gold-silver-crude chart is what I like best...
deflation bitchez! (yea right)
of course that's just the CV bias (because I REALLY don't study the charts)...
I just make this shit up as I go along...
Au to $200... Gas to $1 a gallon... Ag to ZERO in 5...4...3...2...
see... What you REALLY needed to be doing (vis-a-vis 2008) is 'watching the bond markets' for the ALL IMPORTANT tell...
You know... 1yr yields were going to 1...
THANK GOd you didn't buy physical Ag at $8...
Awesome video AR. I can't believe that lady didn't even bat an eye when she got OWNED on her bullshit credentialist jab.
Matthew
If I worked in production I would be in the control room cracking up.
CME Group instituting haircuts on USTS: http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv11-262.pdf
in re: the MSNBC clip.
The "bowing down" towards the Fed is really sickening in this country and the MSM....
yeah, Ben Bernanke is a pretty smart guy....but he can be WRONG. It's possible. The fact that we put so much power and weight into one dude...is pretty pathetic.
Andy T
MSM is still under the spell of the previous FOMC chairman.
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