Friday, September 30, 2011

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
at

27 comments:

  1. AmenRaSeptember 30, 2011 at 9:23 AM

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

    ReplyDelete
  2. AmenRaSeptember 30, 2011 at 9:32 AM

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

    ReplyDelete
  3. Andy TSeptember 30, 2011 at 9:38 AM

    Don't Worry Ra...

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

    ReplyDelete
  4. Andy TSeptember 30, 2011 at 9:39 AM

    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....

    ReplyDelete
  5. QQQQSeptember 30, 2011 at 9:42 AM

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

    ReplyDelete
  6. QQQQSeptember 30, 2011 at 9:55 AM

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

    ReplyDelete
  7. Andy TSeptember 30, 2011 at 11:15 AM

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

    ReplyDelete
  8. spoonmanSeptember 30, 2011 at 11:36 AM

    that's beautiful

    ReplyDelete
  9. ben22September 30, 2011 at 12:38 PM

    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.

    ReplyDelete
  10. AmenRaSeptember 30, 2011 at 12:56 PM

    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.

    ReplyDelete
  11. cvSeptember 30, 2011 at 1:00 PM

    @Amen

    Allied Chemical bitchez!

    ReplyDelete
  12. cvSeptember 30, 2011 at 1:03 PM

    Union Carbide bitchez!

    ReplyDelete
  13. AmenRaSeptember 30, 2011 at 1:04 PM

    Added a monthly Copper chart.

    ReplyDelete
  14. cvSeptember 30, 2011 at 1:04 PM

    @Amen

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

    Can you do that for me? :-)

    ReplyDelete
  15. ben22September 30, 2011 at 1:08 PM

    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

    ReplyDelete
  16. cvSeptember 30, 2011 at 1:09 PM

    For my NFL picks commentary this weekend...

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

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

    ReplyDelete
  17. Bugs BunnySeptember 30, 2011 at 1:11 PM

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

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

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

    ReplyDelete
  18. AmenRaSeptember 30, 2011 at 1:34 PM

    CV

    Yeah. It'll be under "IBM".

    ;-)

    ReplyDelete
  19. cvSeptember 30, 2011 at 2:05 PM

    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!

    ReplyDelete
  20. cvSeptember 30, 2011 at 2:06 PM

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

    ReplyDelete
  21. LeftbackSeptember 30, 2011 at 2:15 PM

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

    ReplyDelete
  22. Gary ShillingSeptember 30, 2011 at 2:15 PM

    I am up massively.

    Massively.

    ReplyDelete
  23. LeftbackSeptember 30, 2011 at 2:15 PM

    We know, Gary. We know.

    ReplyDelete
  24. AnonymousSeptember 30, 2011 at 4:20 PM

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

    ~0.78 -~53%

    goodbye 'Icon' ~

    ibid.

    ReplyDelete
  25. AmenRaSeptember 30, 2011 at 4:21 PM

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

    ReplyDelete
  26. AnonymousSeptember 30, 2011 at 4:23 PM

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

    ~381

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

    ibid.

    ReplyDelete
  27. AnonymousSeptember 30, 2011 at 4:30 PM

    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.

    ReplyDelete