90 Day UST (weekly info)-no change (above mid)
trend=down
high= 0.010
rev= 0.070; mid= 0.040
Are the bond vigilantes starting to turn towards the US? The 90 day UST is setting up for a weekly 3LB reversal up. Ruh roh?
Palladium (weekly info)-no change (above mid)
trend=no
direction=up (2 bars)
high= 812.85
rev= 710.00; mid= 761.43
Palladium has taken out its June high and is preparing to challenge its high from February. It's above all SMA's. It's also now above its 38.2% minor retrace (790.47). Will this become the other safe haven?
28 comments:
@AAIP
The Ravens had to make some key 'cuts' to get under the new salary cap which is in the new CBA deal...
Some of those guys may get re-signed (at lower salaries)... others may not, depending on how the numbers play out an who ends up being "must keeps"...
---
You're going to see the same with other players & teams around the league as well (as in dallas cutting Marion Barber & Roy Williams)...
It just happened to the Ravens first because they were one of the first teams reporting to camp (as they have to be, because you need to be in camp 15 days before your first scheduled pre-season game)...
My guess is that they'll try hard to re-sign Kelly Gregg... derek mason with a steep pay cut (if he wants to play)... Probably Todd Heap will be the odd man out, as they drafted the TE position the past 2 years...
It's just business...
@AAIP
The Ravens had to make some key 'cuts' to get under the new salary cap which is in the new CBA deal...
Some of those guys may get re-signed (at lower salaries)... others may not, depending on how the numbers play out an who ends up being "must keeps"...
---
You're going to see the same with other players & teams around the league as well (as in dallas cutting Marion Barber & Roy Williams)...
It just happened to the Ravens first because they were one of the first teams reporting to camp (as they have to be, because you need to be in camp 15 days before your first scheduled pre-season game)...
My guess is that they'll try hard to re-sign Kelly Gregg... derek mason with a steep pay cut (if he wants to play)... Probably Todd Heap will be the odd man out, as they drafted the TE position the past 2 years...
It's just business...
http://www.cnbc.com/id/43881205
"Even those selling necessities like food and medicine aren't safe. On Monday, Goldman Sachs lowered ratings for both Safeway [SWY Loading... () ] and Kroger [KR Loading... () ] to neutral. In the wake of weak second-quarter earnings at Safeway last week, Goldman anticipates more tough times ahead as accelerating inflation hurts demand.
Flickinger bases his forecast on conversations with retailers and trends in their same-store sales. He expects this downturn began the week after the Fourth of July holiday.
This isn't the first time Flickinger has predicted a retail recession. Back in December 2007, he predicted a 700-day retail recession, which was later revised to a 1,000-day downturn."
US Is at the Start of 500-Day Retail Recession: Analyst
orders down 2.1%
Anon
They're still blaming Japan. Figures.
It's been a long time since I've seen the first five 1-min candles all bearish on the SPX. Someone must have forgot to program the algos to not allow this phenomenon.
So far we have:
1329.33 (daily 3LB mid) - check
1326.21 (21 SMA) - check
1319.99 (89 SMA) - check
1316.03 (weekly 3LB mid) - coming soon
1314.25 (38.2% minor retrace) - coming soon
1310.63 (monthly 3LB mid) - coming soon
retail clients are in mass panic right now b/c of the DC
I'm flooded with calls and emails right now
some people will keep their heads when others lose theirs
they are the ones that make money
ben22
quoting Rudyard Kipling?
Ra,
yeah I don't know who said, it's just logical
people acting like a bunch of damn fools right now
the Wizards have once again riled up all the Dorothy's
I nearly doubled money in a few hours on NFLX calls yesterday, there are tons of trades to be made right now
Art imitates desire...greenbacks bitchez.
http://www.jonathanferraragallery.com/dynamic/artist_jump.asp?ArtistID=25&Page=1&ArtworkID=5409
think the PPT is selling s&P futures in order to cause panic...to get a deal done.
Rudyard Kipling
If
If you can keep your head when all about you
Are losing theirs and blaming it on you;
If you can trust yourself when all men doubt you,
But make allowance for their doubting too;
If you can wait and not be tired by waiting,
Or, being lied about, don't deal in lies,
Or, being hated, don't give way to hating,
And yet don't look too good, nor talk too wise;
If you can dream - and not make dreams your master;
If you can think - and not make thoughts your aim;
If you can meet with triumph and disaster
And treat those two imposters just the same;
If you can bear to hear the truth you've spoken
Twisted by knaves to make a trap for fools,
Or watch the things you gave your life to broken,
And stoop and build 'em up with wornout tools;
If you can make one heap of all your winnings
And risk it on one turn of pitch-and-toss,
And lose, and start again at your beginnings
And never breath a word about your loss;
If you can force your heart and nerve and sinew
To serve your turn long after they are gone,
And so hold on when there is nothing in you
Except the Will which says to them: "Hold on";
If you can talk with crowds and keep your virtue,
Or walk with kings - nor lose the common touch;
If neither foes nor loving friends can hurt you;
If all men count with you, but none too much;
If you can fill the unforgiving minute
With sixty seconds' worth of distance run -
Yours is the Earth and everything that's in it,
And - which is more - you'll be a Man my son!
it appears Meredith is no longer stupid...
BinT
They have been trying to vilify her ever since she made those comments. That'll be the second time her research would have proven her right. Doesn't say much for the research at the other firms who were complaining about her.
Lest we forget...
K-A-T-H-E-R-I-N-E!!!
5/2/11, 5/10/11, 7/7/11, 7/21/11 are the four lower highs leading to today.
I think the ckt brkrs are off.
Ra,
I think by now it should be obvious we are in a triangle of some sort since Feb, not sure anyone disagrees with that at this point
as such all the gaps within the price action since Feb are likely common area pattern gaps, iow, they should all be closed as they don't hold the importance of a breakaway or runaway gap
so unless this is THE top, and I'm suspect of that
there is a big gap down from July 7 close to the 7/8 open that is still unfilled and so one way or the other I think that will be covered up
perhaps we are already starting a new bear market but we'll need to see more than one 90% down day, the peaking out of the cumulative a/d, volume expansion, leadership name breakdown (AMZN, AAPLE, LULU, etc) among other things before that call really makes much sense imo.
and to be clear, I'm using closing price only charts
ben22
The weekly 3LB direction is down (2 bars). The market has been trying to reverse that condition for weeks. So it has to break higher and reverse up (above 1363.61) or it makes a third new weekly low (below 1268.45) and starts trending down.
The weekly 3LB mid (for me) is the dividing line for bullish/bearish sentiment and price action.
Ra,
that would be the path of the E wave, but I think highly unlikely the E wave will just stop near or above 1250 again
I see way too many momentum stocks hugging important MA's EMA's or trendlines for me to think a reversal has already taken place, the dollar also does not appear done on the downside
Ra,
on the 3lb
the two bars down that you mention
that doesn't get confirmed until Friday's close/end of the week?
B22, This was confirmed tho... Yesterday SPX was above 10,20,30,40,50,60,70,80,90,100,150,200 SMA, took out all except the 200 today, need another -21 bucks to do that!
Q's
fairly certain all those were taken out at the June lows as well right?
ma's are never the end all to any analysis I do, especially SMA's
but more important, today needs to be confirmed, it wasn't a perfect trend day, we've had plenty of 90% down days that got blown up
4 straight days down with the last being down more than 1.5% and according to sentiment trader we should get a huge bounce tomorrow, this is why I'm wondering if the 3lb needs this to hold through Friday to confirm anything
I gotta head out, be back around tonight
one can't help but notice, in some ways, it seems just like last summer
You've got Hussman telling you about the rearview mirror economic data that always comes before a recession and Rosenberg highlighted at TBP on how to set up your recession portfolio (which btw, would have drew you down about 50% in 2008 at first glance....is that safe?)
maybe just something to consider....
ben22
It needs the Friday closing price for the weekly 3LB. Right now we're just in the bearish sentiment zone.
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