Morning Corner 9.30.11

CRB (weekly info)
new low 301.87
trend=down
low= 301.87
rev= 336.89; mid= 319.38


Commodities have been heading for the exit. Last week CRB closed below its 50.0% retrace. This week is forming a bullish harami but it isn't really bullish because it's failing to close above the midpoint of the bearish candle. It's also failing the SMA(89).



FSLR (weekly info)
new low 70.24
trend=down
low= 70.24
rev= 104.13; mid= 87.21


Got solar? The shareholders probably wish they didn't. It's trending down on the weekly 3LB and on the monthly 3LB (since 2/09). It's below all SMA's. It's taking out the 61.8% minor retrace (71.81) leaving the 0.0% retrace (32.60) as support.



3 Mth vs Overnight Libor (daily info)
new high 0.227
trend=up
high= 0.227
rev= 0.217; mid= 0.222


No comment needed. The funny thing is that the actual rates are probably higher since not one bank wants anyone to know how bad their balance sheets really are.



COPPER (monthly info)
-no change (below mid)
trend=up
high= 4.551
rev= 3.898; mid= 4.225

27 comments:

AmenRa said...

No PPT engineered rally yet? What a way to close the quarter.

AmenRa said...

I wonder if today is the day we get the close under 1120 on the SPX?

Andy T said...

Don't Worry Ra...

They'll come in to save the day....seems like they need to protect the 1120 zone one more time.

Andy T said...

Here's your retarded CNBC headline of the morning:

"Politicians Sank Stocks in Q3; Can They Rescue Q4?"
http://www.cnbc.com/id/44727010


Pfft...as if....

QQQQ said...

we might have just seen the LOD so they can stock up then close green... who knows.

QQQQ said...

any way you look at it,
SPX down about 13% for this qtr.

Andy T said...

"Everyone has a plan until they get punched in the face." -Mike Tyson

spoonman said...

that's beautiful

ben22 said...

that tyson quote should be QOTMonth for October.....classic

@Ra,

would you mind putting a copper 3lb up some time next week or two?

thanks

was on the road yesterday, hit lincoln tunnel around 5:15 pm.....so that was awesome let me tell you.

AmenRa said...

ben22

Lo and behold my data service now goes back to 1928 for DJ and 1950 for S&P. Now if I can get them to offer historical for all symbols I'll be set.

cv said...

@Amen

Allied Chemical bitchez!

cv said...

Union Carbide bitchez!

AmenRa said...

Added a monthly Copper chart.

cv said...

@Amen

I want you to spend all weekend looking for a 3lb (in 1950)... on MSFT...

Can you do that for me? :-)

ben22 said...

Awesome Ra, I was kind of curious what the 3lb might look like over secular runs on a monthly chart

copper seems fairly critical here

cv said...

For my NFL picks commentary this weekend...

I'm gonna bring back the 1925 Pottsville Maroons...

http://en.wikipedia.org/wiki/Pottsville_Maroons

Bugs Bunny said...

"What a MAROON"!... "What an ignorANAMOUS"...

What a "ta-ra-ra-GOON-de-ay"...

http://www.youtube.com/watch?v=C_Kh7nLplWo

AmenRa said...

CV

Yeah. It'll be under "IBM".

;-)

cv said...

Didn't Honeywell used to be 'Allied Signal'? (& they're not even in the DOW anymore)...

But what I REALLY want to know (from them) is... Where are my 'jetpacks' bitchez?

onward & upward!

cv said...

more 'ONWARD' than 'UPWARD' (it seems to me anyway)...

Leftback said...

I am down about 4% this quarter. Up about 5% this year.
Sucks but less sucky than the sucky SPX.

Gary Shilling said...

I am up massively.

Massively.

Leftback said...

We know, Gary. We know.

Anonymous said...

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

~0.78 -~53%

goodbye 'Icon' ~

ibid.

AmenRa said...

I love the rejection of the 3:45 bullish move. GTSOOH!

Anonymous said...

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

~381

I think I'm 'betting' AAPL @ ~190, b4 ~490 ..

ibid.

Anonymous said...

http://finance.yahoo.com/q/op?s=S&m=2011-10

deeper, on the Short side of these Oct 3 Puts..

net ~0.20+

ibid.

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