Morning Corner 9.28.11

FDX (weekly info)
new low 67.34
trend=down
low= 67.34
rev= 82.36; mid= 74.85


FedEx as a barometer for consumer spending indicates consumers aren't. It's below all SMA's. It's testing its monthly 3LB reversal price. It's also testing its 0.0% retrace (69.78).



FT MIB (weekly info)
new low 13664.91
trend=down
low= 13664.91
rev= 15888.61; mid= 14776.76


Italy's stock market is sitting pretty close to its 100.0% retrace. This week is trying to form a bullish engulfing. There was also a monthly 3LB reversal down last month and currently is confirming the move. It's below all SMA's.



CAC 40 (weekly info)
new low 2810.11
trend=down
low= 2810.11
rev= 3213.88; mid= 3012.00


France appears serious about stopping the downtrend. Good luck with that. It's below all SMA's. It had a monthly 3LB reversal down last month and is confirming the move this month. Somehow it traded higher through the minor retraces. Must have been the rumors.

15 comments:

cv said...

Last year……After the Packers / Bills game, Buffalo released quarterback Trent Edwards.

During the Packers / Eagles game, the Packers injured Philadelphia quarterback Kevin Kolb. Philadelphia then had to play backup quarterback Michael Vick.

During a playoff game against the Eagles, the Packers injured Michael Vick and another backup was needed.

After the Packers / Cowboys game, Dallas fired Wade Phillips and most of his staff.

After the Packers / Vikings game, Minnesota fired Brad Childress and most of his staff.

Four weeks after losing to the Packers, the 49er's coach Mike Singletary and most of his staff were fired and replaced.

During the Bears Playoff game, the Packers injured Jay Cutler and backup Todd Collins forcing the Bears to go with 3rd string quarterback Caleb Hanie.

Question: Is it just me, or did the Packers create more jobs than Obama last year?

cv said...

@QOTD/Soren Kierkeggard

other great quotes from 'Soren's' throughout history...

"Come on Barbie let's go party"

http://www.youtube.com/watch?v=ZyhrYis509A&ob=av3e

AmenRa said...

We must be in the eye of the Creditcane™

Andy T said...

Man Group down 24%....

Now, THAT's scary.

AmenRa said...

Andy T

So, is it really do or die for HF's by Friday?

cv said...

Rosh Hashana starts tonight & Yom Kippur is next Fri/Sat (7/8)...

Now do you REALLY think the markets are going to fall apart before then?

This whole 'selloff-bounce' was induced to create a big triangle trading range for the algos to get pre-programmed into...

Plan your vacations accordingly (or pick up pennies in the interim trading with 'bots')...

Whatever your preference...

Anonymous said...

cv--

are you doing any 'Greenhouse'-growing?

have you seen the use of Red & Blue LED Lights for Growing?

like..
http://search.yippy.com/search?input-form=clusty-simple&v%3Asources=webplus&v%3Aproject=clusty&query=Red+and+Blue+LED+lights+for+Plant+Growth

thought that was pretty cool/very interesting..

that's a Project I'm going to 'Kick-Off', later, this Autumn..

AAIP

Anonymous said...

http://www.finviz.com/futures.ashx

and, to your point, seems 'the Selling' has 'chilled'..

ibid.

cv said...

@AAIP

I'll have to check it out...

The 'greenhouse' temps (in the summer) soar to over 130 degrees (so there's really not much 'growing' going on then)... It's all outside...

I'll have to check out your links...

cv said...

The high temps DO serve a purpose I've found though...

On certain plants, the quick increase in temps speeds up the 'bolting' process (for seed harvesting)...

AmenRa said...

Who let Katy in?

AmenRa said...

ben22

The SPX daily looks like an "extended" version of the falling three method.

AmenRa said...

So lemme guess. The move down in gold was the HFs needing funds to cover redemptions?

AmenRa said...

BTW the short sale ban of EU banks has been extended...again.

Anonymous said...

cv--

Indoor "Greenhouse"--'Hydroponics', etc.

ibid.

Post a Comment

Disclosure/Warning

This blog should not be interpreted as investment advice of any kind. The authors are NOT representing themselves CTAs or CFAs or Investment/Trading Advisor of any kind. The authors may or may not trade in the markets discussed. The authors may hold positions opposite of what may by inferred by this blog.The information contained in this blog is taken from sources the authors believes to be reliable, but it is not guaranteed by the authors as to the accuracy or completeness thereof and is presented here for information purposes only. Commodity trading involves risk and is not for everyone.