Are you happy now TBTF?
Creditcane™: Have I been relegated the the annals of history?
SPXBullish long day. Midpoint above EMA(10). Holding above SMA(89). Tested and held the 61.8% retrace (1241.13). New high on daily 3LB (reversal is 1124.58). QE2infinity. Back above monthly 3LB mid.
DXYBearish long day. Midpoint below EMA(10). Tested and failed the 50.0% retrace (76.55). Tested and failed SMA(55). New low on daily 3LB (reversal is 76.62). Not confirming the monthly 3LB reversal up.
VIXBearish long day. Midpoint below EMA(10). Tested and failed SMA(89). Tested and failed its 50.0% retrace (29.84). No daily 3LB changes (reversal is 25.25). Escaped and running free from the "fear" zone.
GOLDSpinning top day. Midpoint below EMA(10). Tested and held its 50.0% retrace (1651.50). Tested and held SMA(21). No daily 3LB changes (reversal is 1757.30). Must have the precious.
EURUSDBullish short day. Midpoint above EMA(10). Tested and held SMA(55). Tested and held its 61.8% retrace (1.3903). New high on daily 3LB (reversal is 1.3654).
JNKBullish long day (YGBFKM). Midpoint above EMA(10). Tested and held SMA(144). Tested and held its 61.8% retrace (38.86). New high on daily 3LB (reversal is 37.74).
10YR YIELDBullish short day. Holding above SMA(55). Midpoint above EMA(10). Tested and held its 50.0% minor retrace (22.11). New high on daily 3LB (reversal is 21.60).
WTIBullish long day. Tested and held SMA(89). Midpoint above EMA(10). Tested and held its 61.8% minor retrace (87.30). New high on dally 3LB (reversal is 86.05). Not confirming the monthly 3LB reversal down.
SILVERSpinning top day. Tested and held SMA(21). Midpoint above EMA(10). Tested and failed its 61.8% minor retrace (31.80). No daily 3LB changes (reversal is 36.58).
BKXBullish long day. Midpoint above EMA(10). Holding above SMA(55). Holding above its 61.8% minor retrace (38.43). Daily 3LB reversal up (reversal is 36.51).
HYG/LQDBullish long day. Tested and held SMA(89). Midpoint above EMA(10). Tested and held its 50.0% retrace (0.7942). New high on daily 3LB (reversal is 0.7730).
USDJPYBearish short day. Midpoint below EMA(10). Failing all SMA's. Failing its 38.2% retrace (76.561). New low on daily 3LB (reversal is 77.45).
COPPERBullish long day. Midpoint above EMA(10). Tested and held SMA(21). Tested and held its 50.0% minor retrace (3.393). Daily 3LB reversal up (reversal is 3.057).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
8 comments:
Damn that HR was upper deck.
http://www.reuters.com/article/2011/10/19/idUS200361147020111019
Is Bank of America preparing for a Chapter 11?
If the SPY had a mega pop, I would have expected this move in JNK. Outpacing SPY makes the JNK move a little confusing unless you consider what was priced into high yield.
There was more bearish sentiment priced into that sector of fixed income than any other risk asset class, I think. That makes for volatility.
NFLX got smoked in the after hours (-27%).
That breaking ball just got broken.
http://www.finviz.com/quote.ashx?t=NFLX
12-Oct-11 Reiterated Oppenheimer Outperform $270 → $185
11-Oct-11 Upgrade Hudson Square Research Sell → Hold
what happened to the "Reed Hastings is the second coming"--Stories/PR-Campaign/'Fleecing Op.' ?
ibid.
AAIP
NFLX took 18 months to hits its high and less then 3 months to give back over 61.8%.
AmenRa,
it's been a tremendous 're-pricing', for sure..
ibid.
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