SILVER (weekly info)-no change (above mid)
trend=up
high= 43.08
rev= 39.12; mid= 41.10
Silver isn't making very volatile moves (unless near historical resistance). Right now it's below the monthly 3LB mid and looking to test the weekly 3LB reversal. It's still above the SMA(21) and the 50.0% minor retrace (39.58).
PALLADIUM (weekly info)-no change (below mid)
trend=up
high= 827.70
rev= 718.05; mid= 772.88
Some consider this a good proxy for the economy. If so then ruh roh. It's below its SMA(55). It's testing the weekly 3LB reversal. It's approaching its 38.2% retrace. Is this the first one in line at the exit?
ROUGH RICE (weekly info)-no change (above mid)
trend=no
direction=up (1 bar)
high= 7.96
rev= 14.23; mid= 16.10
Unfortunately for Asia last weeks bearish harami star isn't getting confirmed. So higher prices are still possible. It's above all SMA's. Currently it's failing its 61.8% minor retrace (17.98). The price is just over a dollar from its previous high so tensions have to be building.
Palladium was the talisman of Athena in Constantinople during the Byzantine Empire. The palladium of Troy was supposed to play a part in the fall of Troy to the Greeks.
ReplyDeleteBinT
ReplyDeleteWill Palladium envision a fall of the US?
@AAIP,
ReplyDeletejust curious, you looking to sell some calls next week?
I'm thinking I am....
McB,
ReplyDeleteEquity Calls?
AAIP
yes, individual names maybe not so much the index
ReplyDeletethis was a nice trade on RIMM:
ReplyDeletehttp://dragonflycap.com/2011/09/15/research-in-motion-earnings-trade-with-options/
Hey Folks.
ReplyDeleteI have sort of surprise trip booked in the last day or two. I decided to head to California for a family reunion in San Dimas, CA.
How come whenever I say "San Dimas" I think of Bill and Ted's Excellent Adventure?
Good Luck to everyone this weekend.
May the FF gods be with me.
S&P 500 = Bear Meat Grinder.
ReplyDelete@Andy T
ReplyDeleteMost excellent...
McB,
ReplyDeletehere..
http://www.finviz.com/futures_charts.ashx?t=ES
looks like it is getting toward the top of the 'channel'..
to AT's point.."Bear Meat Grinder."
I think, overall, that's the Ticket..
there are 'Trades', within the 'Action', for the Nimble, tho..
AAIP
http://www.finviz.com/futures_charts.ashx?t=ZO&p=d1
ReplyDeletewould be favorable on the "Long Oats"-Trade..
ibid.
http://www.finviz.com/futures_charts.ashx?t=ZC&p=d1
ReplyDeletestill, room for more d-side in Corn..
ibid.
http://www.finviz.com/futures_charts.ashx?t=ZS&p=d1
ReplyDelete'beans, still, look Weak..
LSS: for all of the 'Weather Concerns'/'Crop forecast Reductions'.."Croppage" is doing OK/will be "BTE" ..
'cept Peanuts~! Buy your Peanut Oil, Now, not Later..
ibid.
Bill and Teds
ReplyDeletegreat movie
be excellent, to each other
Wild Stallions!
Our true puppet masters have long-ago figured out the rules and the game is rigged. The elite money changers have drawn the regulators into the bedroom just like they, along with the vast political/military machinery and heavyweight special interests, have lured the media giants under the covers. And if members of either so-called "watchdog" group balks, they can say goodbye to their careers/reputations.
ReplyDeleteAt least the Soviet citizens knew that their "news and information" was state-approved propoganda
Staggering financial conflicts of interest go unreported. Massive election fraud is literally ignored. Reality is manufactured, public perceptions are managed. Our self-appointed overlords that hide behind the curtain are expert psychosociologists and cultural engineers -- they are masters at keeping the bewildered herd busy, distracted, divided, and most importantly, believing that American democracy works.
"American democracy", "free elections", the so-called "Federal Reserve", "equal justice", even the IRS are carefully crafted and vigorously maintained illusions so that power and control can be retained by our grand manipulators.
Any sensible grasp of the sequence of events leading to the financial disaster of '08 demonstrates that it was a well-planned and expertly executed legalized robbery -- the largest money/wealth grab in human history.
And no one went to jail. In fact, they all got on with their next intrigue -- after all the back-slapping was done.
Consent has, once again, been manufactured.
Feb 13, 2011 at 12:46 AM | Michael McCoy
Here is a little flashback that Citigroup really didn't like being published on the web.
http://cryptome.sabotage.org/0002/citigroup-dmca/citigroup-dmca.htm
Item #1 says it all.
Feb 13, 2011 at 9:20 AM | john
nice link john...the bank stress tests were a joke...none of it matters anyway as long as FASB continues the accounting charade...losses...we don't need any stinking losses...mark to fantasy wins again...
Feb 13, 2011 at 11:31 AM | DailyBail
http://dailybail.com/home/lehman-accounting-fraud-attention-prosecutors-watch-this-vid.html
http://www.finviz.com/quote.ashx?t=NFLX
ReplyDelete~158.08
almost, in 1/2, since 'High'..
AAIP
Is San Dimas a real place?
ReplyDeleteWild Stallions!
ReplyDelete.....had to do that again
that whole scene where they are in the mall, genghis Kahn with the aluminum baseball bat, Napolean eating ice cream
AAIP, there is a little lip in the chart on NFLX around the 120-125 zone
ReplyDeletething about moves like those is that they don't leave many areas of support on the way down
if it doesn't stop there I'm not sure....
too bad I had totally stopped paying attention to that stock, what an epic short it turned out to be
Whitney Tilson was about 3 months early from calling it right, as I'm sure a lot of people were
b22,
ReplyDelete"...too bad I had totally stopped paying attention to that stock, what an epic short it turned out to be
Whitney Tilson was about 3 months early from calling it right, as I'm sure a lot of people were..."
right? no kidding..~
ibid.
this thing..
ReplyDeletehttp://www.finviz.com/quote.ashx?t=SODA&ty=c&ta=1&p=d
seems Done.
I'd be surprised to it N. of 50, again..
AAIP
At least the bulls didn't kick a bear when he's down...
ReplyDelete