Creditcane™: The Creditcane signal appeared in the sky. It was counterfeit.
SPXBullish short day. Midpoint above EMA(10). Held SMA(55). Tested and held the 50.0% retrace (1204.58). Daily 3LB reversal up (reversal is 1099.23). QE2infinity.
DXYBearish long day (didn't confirm bullish harami). Midpoint below EMA(10). Failing the 61.8% retrace (77.27). Tested and failed SMA(21). New low on daily 3LB (reversal is 79.60). Not confirming the monthly 3LB reversal up.
VIXSpinning top day. Midpoint below EMA(10). Failing SMA(55). Tested and held its 50.0% retrace (29.84). No daily 3LB changes (reversal is 25.25). Still running away from the "extreme fear" zone.
GOLDSpinning top day. Midpoint above EMA(10). Holding above its 50.0% retrace (1651.50). Tested and held SMA(89). No daily 3LB changes (reversal is 1757.30). Must have the precious.
EURUSDBullish long day. Midpoint above EMA(10). Held SMA(21). Tested and held its 38.2% minor retrace (1.3657). New high on daily 3LB (reversal is 1.3217).
JNKBullish long day. Midpoint above EMA(10). Tested and held SMA(21). Tested and held its 61.8% minor retrace (36.86). New high on daily 3LB (reversal is 35.34).
10YR YIELDDoji day. Held SMA(55). Midpoint above EMA(10). Tested and held its 50.0% minor retrace (22.11). New high on daily 3LB (reversal is 20.68). These daily gap higher moves have to be driving BB nuts.
WTISpinning top day. Tested and failed SMA(55). Midpoint above EMA(10). Tested and failed its 50.0% minor retrace (85.62). No dally 3LB changes (reversal is 82.59). Not confirming the monthly 3LB reversal down.
SILVERBullish short day. Failing all SMA's. Midpoint above EMA(10). Tested and held its 61.8% minor retrace (31.80). No daily 3LB changes (reversal is 36.58).
BKXBullish short day. Midpoint above EMA(10). Tested and held SMA(55). Tested and held its 61.8% minor retrace (38.43). New high on daily 3LB (reversal is 37.16).
HYG/LQDBullish long day. Tested and held SMA(55). Midpoint above EMA(10). Tested and held its 61.8% minor retrace (0.7643). New high on daily 3LB (reversal is 0.7299).
USDJPYBullish engulfing day (engulfed the last ten days). Midpoint above EMA(10). Tested and held SMA(55). Tested and held its 38.2% retrace (76.561). No daily 3LB changes (reversal is 77.63).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
8 comments:
'Smoke 'n Mirrors'
(AP:WASHINGTON) Congress has approved free trade agreements with South Korea, Colombia and Panama, ending a four-year drought in the forming of new trade partnerships and giving the White House and Capitol Hill the opportunity to show they can work together to stimulate the economy and put people back to work.
In rapid succession, the House and Senate voted Wednesday on the three trade pacts, which the administration says could boost exports by $13 billion and support tens of thousands of American jobs.
The agreements would lower or eliminate tariffs American exporters face in the three countries.
The House also passed and sent to President Barack Obama a bill to extend aid to workers displaced by foreign competition. Obama had demanded that the worker aid bill be part of the trade package.
THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.
WASHINGTON (AP) _ Free trade agreements with South Korea, Colombia and Panama were approved by the House on Wednesday and immediately headed for votes in the Senate as Congress rushed to complete work on deals that have the potential to spur economic activity and put Americans back to work.
Years in the making, the Obama administration says the three deals, by reducing or eliminating tariffs that disadvantage American producers, could boost U.S. exports by $13 billion a year and foster tens of thousands of new jobs.
The votes come just a day after Senate Republicans were unified in rejecting President Barack Obama's $447 billion jobs creation initiative, and were hailed by lawmakers eager to show disillusioned voters that Congress can work with the president to help get the economy back on track...."
http://news.ino.com/headlines/?newsid=689816635280
ibid.
AAIP
...we already have free trade with Columbia.
;-)
Ra,
Check out the daily candle on F
Herman Cain leading the GOP field now. Amazing.
Maybe the GOP isn't stupid after all . You want to beat a charismatic black community organizer junior senator? Run a more charismatic successful black business man against him. Could be a genius move....
Speaking of genius moves, or lack thereof, why do you EVER pitch to Pujols in post-season?
The guy is a stone cold assassin....
Just ask Brad Lidge.
ben22
Looks like a shooting star BUT the previous day should be a long day and the shooting star has more of a bearish bias if it closes lower.
Andy T
I just happen to read Cain's bio. He managed 400 BK's and turned them profitable. Pillsbury then named him President and CEO at Godfather's Pizza. He was also Chairman of the Board of Directors of the KC Fed. He's also an associate minister. Damn near a Republicans wet dream.
Ra,
thanks, I take note that during the rise F volume stayed in steady decline until today, closing well below the 50% of the entire range on high volume and that's a distribution day.
should be an interesting couple days for it
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