Thursday, September 22, 2011

Morning Corner 9.22.11

DXY (weekly info)
-no change (above mid)
trend=no
direction=up (2 bars)
high= 77.19
rev= 72.93; mid= 75.06

Last weeks bearish thrusting is being confirmed this week. It's also above the monthly 3LB reversal price. It's above the SMA(55) and approaching the 38.2% retrace (78.76). Running from the EURUSD to DXY may not be the safe play one thinks. Remember the grass is not always greener on the other side.



BIDU (weekly info)
-no change (above mid)
trend=up
high= 157.07
rev= 121.69; mid= 139.38


Stuck in a tight trading range for the last few weeks. Still testing the weekly 3LB mid. It is failing the SMA(21). You'll notice that it started its move higher in Jan 09. Will it lead the way down?
at

22 comments:

  1. cvSeptember 22, 2011 at 7:07 AM

    Nickles bitchez!

    See... I'm getting richer by the day because these nickles are going up vs. Euro nickles...

    ReplyDelete
  2. AmenRaSeptember 22, 2011 at 9:24 AM

    DXY up big time yet USDJPY at intervention lows. Japan can't win for losing.

    ReplyDelete
  3. AmenRaSeptember 22, 2011 at 9:32 AM

    I heard pundits saying the EURUSD should hit 1.35. It already has a low of 1.3381.

    ReplyDelete
  4. AnonymousSeptember 22, 2011 at 10:18 AM

    http://www.finviz.com/futures_charts.ashx?t=ZO

    so much for Oats 'looking strong'..

    Corn
    http://www.finviz.com/futures_charts.ashx?t=ZC&p=d1

    down

    Wheat
    http://www.finviz.com/futures_charts.ashx?t=ZW&p=d1

    down

    though..

    "Sea of Red" in 'MMod-ville..

    anyone following the REE-Sector Implosion?

    Impressive.

    REE under U$D 6..
    http://www.finviz.com/quote.ashx?t=REE

    MCP getting Whacked..
    http://www.finviz.com/quote.ashx?t=MCP&ty=c&ta=1&p=d

    from ~78 to ~33 1/3

    AVL producing Paupers..
    http://www.finviz.com/quote.ashx?t=AVL&ty=c&ta=1&p=d

    from 10+ to sub-3..

    Yo!

    AAIP

    ReplyDelete
  5. AnonymousSeptember 22, 2011 at 10:29 AM

    also, anyone catch/see these "Clavadistas"?

    http://www.finviz.com/quote.ashx?t=CF&ty=c&ta=1&p=d

    http://www.finviz.com/quote.ashx?t=TNH&ty=c&ta=1&p=d

    this one not so bad..
    http://www.finviz.com/quote.ashx?t=MOS&ty=c&ta=1&p=d

    ibid.

    ReplyDelete
  6. AnonymousSeptember 22, 2011 at 10:32 AM

    "...I heard pundits saying the EURUSD should hit 1.35. It already has a low of 1.3381...."

    AmenRa,

    if 'Bennie & The Fed(s)' wasn't 'swappin' U$D, for Euros, Free of Charge..

    the "Mayo" would, likely, be sub-Par (below 1.000), now..

    AAIP

    ReplyDelete
  7. BinTSeptember 22, 2011 at 10:37 AM

    I saw the grains bloodbath when I first got up this morning...

    You know, there is an interesting dichotomy here, the CNBC types and their rah-rah, and the blogger types with there evaluation of both sides....and now the chickens are roosting..hopefully the blogger types have prepared well..

    ReplyDelete
  8. Andy TSeptember 22, 2011 at 11:01 AM

    Man o' Man.

    I'm out a few days on the Tribal lands in OK and things fall apart.

    ReplyDelete
  9. Andy TSeptember 22, 2011 at 11:01 AM

    Go Bucky Go....

    Love the Fiat Currency.

    ReplyDelete
  10. Andy TSeptember 22, 2011 at 11:03 AM

    Greg Norman says NO MORE Majors for Tiger Woods...

    http://www.golf.com/golf/tours_news/article/0,28136,2094244,00.html?sct=hp_t2_a20&eref=sihp

    ReplyDelete
  11. cvSeptember 22, 2011 at 11:22 AM

    @Andy T (11:03)

    I'll fade Greg Norman on that... Nicklaus, just last week said he still thinks Tiger can beat his record...

    I'll take the 'Golden Bear' over the 'Shark' (on Tiger)...

    In other 'action':

    EARLY Sunday game picks up (NFL)

    http://fantasy-sports-nation.blogspot.com/2011/09/fantasy-sports-nation-2011-nfl-picks_21.html

    ---

    Plus, commentary on NC Stave vs. Cincinnati (tonight)

    http://fantasy-sports-nation.blogspot.com/

    ReplyDelete
  12. cvSeptember 22, 2011 at 11:22 AM

    NC State...

    ReplyDelete
  13. AnonymousSeptember 22, 2011 at 11:28 AM

    http://www.finviz.com/futures_charts.ashx?t=SB

    the 'Sweet Stuff' has, certainly, Soured, over the last few Days..

    now, sub-25

    ibid.

    ReplyDelete
  14. BinTSeptember 22, 2011 at 11:32 AM

    http://money.msn.com/mutual-fund/news.aspx?feed=bloom&date=20110818&id=14151549

    Selling Proves Costly for 401(k) Savers Who Dumped Stocks, Fidelity Says

    ....Don't do it! Don't sell that UPRO!

    (The article is nonsense, don't bother...)

    ReplyDelete
  15. AnonymousSeptember 22, 2011 at 11:38 AM

    http://www.finviz.com/quote.ashx?t=S

    btw, anyone thinking about Sprint?

    looks like this is setting up for a decent trade..

    AAIP

    ReplyDelete
  16. Bucky the Talking CurrencySeptember 22, 2011 at 1:12 PM

    It's all about my upward thrusting.

    ReplyDelete
  17. LeftbackSeptember 22, 2011 at 1:13 PM

    Sprint is a Thanksgiving stock.

    (Give thanks you don't own it, b/c it's a turkey)

    ReplyDelete
  18. AnonymousSeptember 22, 2011 at 2:23 PM

    LB,

    I hear that, re: S

    hard to 'understand'/'get with' the: Income -3126.00M

    end of things, at the min.
    ~~
    though, the "Trade Opp.", if there is one, is ~here, @ ~3-range, for the 'Double Bottom'-accion..

    AAIP

    ReplyDelete
  19. AnonymousSeptember 22, 2011 at 2:25 PM

    http://www.finviz.com/quote.ashx?t=S

    Chart-linkage..

    ibid.

    ReplyDelete
  20. QQQQSeptember 22, 2011 at 3:40 PM

    again,
    trading near major 18's
    1112...

    next stop,
    1006,
    that's if,
    THE major downtrend has really started

    going back to sleep,
    sometimes,
    with a full tummy,
    dreaming is better than watching the markets


    F
    ØBAMA
    O
    D
    S
    T
    A
    M
    P
    S

    ReplyDelete
  21. AmenRaSeptember 22, 2011 at 4:33 PM

    Bulls are happy that the SPX avoided closing below 1120.

    ReplyDelete
  22. AnonymousSeptember 22, 2011 at 4:35 PM

    3.00 S111022P00003000 0.25 0.12 0.25 0.27 2,656 9,980

    Oct 3 Puts

    http://finance.yahoo.com/q/op?s=S+Options

    something tells me that those are good Fade..

    AAIP

    ReplyDelete