A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: I'm putting in overtime to get my mojo back.
SPX
Spinning top day. Midpoint above EMA(10). Still above SMA(21). Held above the 50.0% retrace (1204.58). No daily 3LB changes (reversal is 1254.05). QE2infinity. Above daily & weekly mids. Had a monthly 3LB reversal down.
DXY
Bullish short day. Midpoint above EMA(10). Holding above its 0.0% retrace (73.51). Failing the 38.2% minor retrace (74.40). Still below all SMA's. No daily 3LB changes (reversal is 75.75).
VIX
Spinning top day (or a failure to confirm bullish doji star). Midpoint below EMA(10). Still below SMA(21). Failing its 0.0% retrace (45.40). Failing its 38.2% minor retrace (33.51). No daily 3LB changes (reversal is 25.25). Escaped the "extreme fear" zone.
GOLD
Bearish short day. Midpoint above EMA(10). Tested and failed its 38.2% minor retrace (1828.28). Still above all SMA's. No daily 3LB changes (reversal is 1891.90). Must have the precious.
EURUSD
Bearish long day. Midpoint below EMA(10). Still above all SMA's. Tested and failed its 50.0% minor retrace (1.4416). No daily 3LB changes (reversal is 1.4103).
JNK
Spinning top day (after huge gap higher). Midpoint above EMA(10). Still above SMA(21). Tested and held its 50.0% retrace (38.60). No daily 3LB changes (reversal is 39.59).
10YR YIELD
Bullish long day. Still failing all SMA's. Midpoint below EMA(10). Holding above its 0.0% retrace (20.92). No daily 3LB changes (reversal is 20.71). Also had a monthly 3LB reversal down.
WTI
Doji day. Still above SMA(21). Midpoint above EMA(10). Holding above its 0.0% retrace (80.32). Tested and held its 61.8% minor retrace (88.47). No dally 3LB changes (reversal is 92.08).
SILVER
Doji day. Holding above SMA(21). Midpoint above EMA(10). Held above its 38.2% retrace (40.74). No daily 3LB changes (reversal is 37.94).
BKX
Spinning top day (didn't confirm bearish harami). Midpoint above EMA(10). Still above SMA(21). Tested and held its 50.0% minor retrace (39.61). New high on daily 3LB (reversal is 37.73).
HYG/LQD
Spinning top day. Holding above SMA(21). Midpoint above EMA(10). No test of its 0.0% retrace (0.7427). Tested and held its 38.2% retrace (0.7840). No daily 3LB changes (reversal is 0.7910).
USDJPY
Spinning top day. Midpoint below EMA(10). Still failing SMA(21). Tested and held its 38.2% retrace (76.561). No daily 3LB changes (reversal is 76.46).
XHB
Bearish short day. Midpoint above EMA(10). Still above SMA(21). Still below its 38.2% retrace (15.51). No daily 3LB changes (reversal is 13.89).
IT HAS BEGUN. BE WARNED.
8 comments:
nice pic haha
the 3lb monthly reversal is important, the monthly and weekly charts are at least helping some to provide some clarity, real tough last two weeks imo.
dxy looks like a triangle, if we are going to take the plunge in Sept S&P then bucky may final get a decent pop.
MONTHLY 3LB INFO
SPX
monthly info MONTHLY REVERSAL new low 1218.89
trend=no; direction=down (1 bar)
low= 1218.89
rev= 1363.61; mid= 1291.25
Dow Jones
monthly info MONTHLY REVERSAL new low 11613.53
trend=no; direction=down (1 bar)
low= 11613.53
rev= 12810.54; mid= 12212.04
Dow Jones Transportation Avg
monthly info MONTHLY REVERSAL new low 4666.96
trend=no; direction=down (1 bar)
low= 4666.96
rev= 5514.87; mid= 5090.92
Nasdaq Composite
monthly info MONTHLY REVERSAL new low 2579.36
trend=no; direction=down (1 bar)
low= 2579.36
rev= 2873.54; mid= 2726.45
GOLD
monthly info new high 1831.70
trend=up
high= 1831.70
rev= 1443.00; mid= 1637.35
10 Year Yield
monthly info MONTHLY REVERSAL new low 22.18
trend=no; direction=down (1 bar)
low= 22.18
rev= 38.43; mid= 30.31
LUMBER
monthly info new low 241.60
trend=down
low= 241.60
rev= 268.10; mid= 254.85
XLF
monthly info MONTHLY REVERSAL new low 13.38
trend=no; direction=down (1 bar)
low= 13.38
rev= 16.85; mid= 15.12
YEN
monthly info new high 1.30580
trend=up
high= 1.30580
rev= 1.24290; mid= 1.27435
CAT
monthly info MONTHLY REVERSAL new low 91.00
trend=no; direction=down (1 bar)
low= 91.00
rev= 115.41; mid= 103.21
EEM
monthly info MONTHLY REVERSAL new low 42.75
trend=no; direction=down (1 bar)
low= 42.75
rev= 50.00; mid= 21.38
HANG SENG
monthly info MONTHLY CONFIRMATION new low 20534.85
trend=no; direction=down (2 bars)
low= 20534.85
rev= 23720.81; mid= 22127.83
DAX
monthly info MONTHLY REVERSAL new low 5784.85
trend=no; direction=down (1 bar)
low= 5784.85
rev= 7514.46; mid= 6649.66
ATHENS
monthly info new low 915.98
trend=down
low= 915.98
rev= 1309.46; mid= 1112.72
VISA
monthly info MONTHLY REVERSAL new high 87.88
trend=no; direction=down (1 bar)
high= 87.88
rev= 68.98; mid= 78.43
JNK
monthly info MONTHLY REVERSAL new low 38.79
trend=no; direction=down (1 bar)
low= 38.79
rev= 40.90; mid= 39.85
USDJPY
monthly info new low 76.57
trend=down
low= 76.57
rev= 83.15; mid= 79.86
ben22
Bears have thrown down the gauntlet. The bulls have to get the SPX back above the monthly 3LB mid to turn the tide in their favor. Any trading below the monthly close (1218.53) is confirmation (but will only count on 9/30/11).
http://www.zerohedge.com/news/more-bad-news-euro-banks-socgen-intesa-and-unicredit-kicked-out-stoxx-50-index
More Bad News For Euro Banks: SocGen, Intesa And Unicredit Kicked Out Of Stoxx 50 Index
Yes, you can't short them. But that doesn't mean you can't sell them. Which is precisely what index funds will be forced to do after the main European index, the Stoxx 50, announced that it will be removing battered SocGen, Intesa and Unicredit from its list of constituents (as well as that anachronism of a cell phone maker Nokia).
Ra,
I'd not bet that we'd close above the mid by 9/30 but then a lot of people seem to be getting pretty 'cited about a QE3 in September
@Andy
I made a post to the end of the last thread that's no longer there...
did it get deleted?
CV
I looked at the comments admin and I don't see a comment from you.
@Amen
Thanks... I was leaving (in a rush) at the time, so I guess I really didn't see if it 'took' or not...
This isn't a 're-print' (here)... It's just a link...
I'm starting a new BLOG on 'Fantasy Sports' & Sports wagering 'picks'...
NCAA (Week 1) licks off tomorrow... NFL 2011 Kicks off next Thursday... I will be featuring my NFL & NCAA commentary on that blog (as well as fantasy football links & stories)...
Some may be interested...
Here is a link to the homepage...
http://fantasy-sports-nation.blogspot.com/
Here is a link to WEEK 1 NCAA picks (which include tomorrow nights games)...
http://fantasy-sports-nation.blogspot.com/2011/08/fantasy-sports-nation-week-1-ncaa-picks.html
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In this way... I can avoid cluttering up your blog with a lot of FF & football talk that half the readers here don't give a FF about...
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