GS (weekly info)new low 107.06
trend=down
low= 107.06
rev= 116.47; mid= 111.77
Goldman has its own set of problems to deal with. But this week is forming an inverted hammer. So a reprieve from the move down might be in the works. It's below all SMA's. It's still making a new weekly low on the weekly 3LB.
XLF (weekly info)-no change (below mid)
trend=down
high= 12.13
rev= 14.76; mid= 13.45
The XLF weekly candle is bullish. Unfortunately it's a bullish thrusting (aka continuation of current trend). It's below all SMA's. It made a lower high than last week. Feel free to put a toe in the water. Just make sure it's not bleeding because the sharks are waiting.
25 comments:
NEW YORK (AP) -- Wal-Mart is bringing back something its customers have been asking for since the Great Recession: layaway.
The world's largest retailer, which ditched the pay-as-you-go plans in 2006, is rolling out a holiday layaway plan from Oct. 17 through Dec. 16. Wal-Mart is following rivals that brought back the service during the thick of the recession.
....now if they only carried Boxsters....
...can you put food on layaway?
Layaway... While being good for the retailer, is probably about the stupidest thing ever for the consumer in a 'technology' world...
In the 70's (with inflation), layaway made sense in several ways (but ESPECIALLY with the idea of rising costs)...
Food is the only thing really inflating here at the moment...
So what?... Is someone going to put a computer or HDTV on layaway, come back in a year and find it CHEAPER and have more features...
Yeah right!... That 8-track tape player I put on 'layaway' in the 70's, I'm almost finished paying for & I should be able to pick it up next week...
CV,
Indeed, Brees did have more points. thanks Brees. Even before that very last drive he had more yards and the same amount of TD's as Rogers. They both had sick games but the announcers just kept talking about how nobody was hotter than AR.
It's a new season boys.
the last play was great, and Ingram got totally stuffed, he wasn't even close, but he's probably going to have a better season than I thought.
ben's going to put his "jetpacks" on layaway...
So maybe when he's finished paying the installments for it, there will actually BE a functional jetpack...
@ben
The Saints did what they had to do in a VERY VERY difficult environment (with less weapons than they normall would have)...
To hang in there... Then come to within a few feet of having the chance to go to OT...
They should not hang their heads in any way...
The pass Brees made to Darren Sproles in the end zone SHOULD have been a 4th TD (if not for the interference penalty)...
Plus, the Saints 'went for it' on 4th & short at about the 10 earlier... & kicked 2 field goals...
Brees was just a fraction away from having 4, or even 6 touchdown passes...
But of course he's not the great, awesomely wonderful dog killing Michael Vick & so the media can't talk about Brees being better than Vick (or they're racists)...
WalMart's got Jetpacks?
hmmm, I may need to skip work today
Interesting. SPX 5-min chart has two hammers in a row that weren't confirmed. Guess the bottom hasn't been found.
re: comments about small biz and banks extending them credit last night
I wonder, how many of you can give 10 examples of small businesses that were refused credit by a bank in the last 6 months. Creditworthy small businesses that the banks refuse to lend to.
Maybe all of you can, but I wonder if you've considered that rather than some grand conspiracy it's as simple as the fact that small businesses in the net are just not looking for credit right now, yeah it's cheap, and they don't want it. I know of a business in philly, they are doing about 60 million in revenue this year, most of the people there including the CEO and CFO are my clients, they have no debt at all, $0, and absolutely no desire to borrow right now. These are smart guys, they know credit is cheap.....so why?
This would really be nothing new in terms of the way people have acted for hundreds and probably thousands of years.
If you don't think that's really what is going on here I'm sure you could help me quantify the reality you see.
"...they have no debt at all, $0, and absolutely no desire to borrow right now...."
just, for the minute..to pick on this..
I think that's ill-advised..
"Debt", in this 'Environment', could be seen as a Hedge..
doesn't mean He/They need to 'Lever to the Gills', but...
AAIP
TNX low 19.42
Rumors of Germany preparing to support their banks because Greece is set to default over the weekend.
EURUSD below 1.3700 (that was quick)
Gold has an earlier spike to 1889. Guess the half life of a margin hikes is down to hours now.
I never said what they were doing was smart, I don't agree with it AT ALL in fact.
I'm simply speaking to what people are actually doing in the context of that article that was linked here last night and the claims that were made within it.
can't believe how little press this solyndra deal has been getting...
http://abcnews.go.com/Blotter/obama-officials-sat-solyndra-meetings/story?id=14476848
It's crazy...
Where's the Fuzzmaster/TWSWB/Laser Guided Truth Bomber talking about some of the side affects of all this stimulus spending/"investment"....
That the government doesn't know what the fuck they're doing....
I'm not really interested in hearing Johnny Truth Seekers opinion on solyndra
after all, this is the guy that rails on about climate change, global warming, bill nye the science guy every other day while at the exact same time says on the other side that there is no way in hell he's going to stop what he's doing, and in the meantime he reminds you all that you are just simple humans
whatever......shut up about it then
all those people carrying crates & boxes out of the solyndra office are part & parcel of the "4 million jobs created or saved" that Obama promised...
There... SPUN IT for ya!
You ain't got no money... You ain't got no beat...
http://www.youtube.com/watch?v=PR1LkDSgOXM
AR, eurusd still look'n nasty, pulled out of that trade WAY to early :(
it's ØBAMA's fault, from now on I'm blaming everything on him.
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ØBAMA
everything that's wrong and bad in this country is gonna be linked to PrezØ.
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He's got buddies everywhere with their hands in PrezØ pockets.
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But, look where PrezØ came from...
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ØBAMA
would you expect anything else from someone that came from the most corrupt city in the US?
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now, forced down our throats, new job plan will help buy the union vote
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yeh, right, union jobs to the select few which really won't help most of the working peeps.
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this country would be better off if he golf'd 24 hours each day and stayed out of the whitehouse.
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it would lower his carbon footprint and peeps would have less headaches not listening to his speeches
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it wouldn't help your 401K but at least his face wouldn't be in your face.
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Ummm 10yr 1.896% as low.
On your mark. Get set. Vamos.
really quite hilarious the energy being spent on debating whether or not it's a new recession or a double dip
wtf cares
ben22
It's neither. We never left the recession in the first place. My .02
Greece denying rumors (but of course). "Weekend of Denial" is the new sovereign mantra.
Ra,
fwiw, I basically agree with you
but I think either way, I'm not sure why it matters, least not in terms of trading
I guess the message from TBP is that it's not ok for investors to play "amateur policy wonk" but it is ok for them to play "pretend economist"
um, ok, better go back and read the apprenticed investor series cause I'm not "getting it" if thats true
by the time we "know for sure" the market will be long gone from whatever situation it was
in the end though buddy
I'm just out for the truth!
You can't handle the truth!!!
:-)
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