Creditcane™: I am strong. I am proud. I am Creditcane™.
SPXBearish long day. Midpoint above EMA(10). Holding above SMA(89). Tested and held the 38.2% retrace (1241.13). No daily 3LB changes (reversal is 1124.58). QE2infinity. Back below daily and monthly 3LB mid.
DXYBullish harami day. Midpoint below EMA(10). Failing the 50.0% retrace (76.55). Tested and failed SMA(55). No daily 3LB changes (reversal is 76.99). Not confirming the monthly 3LB reversal up.
VIXBullish harami day. Midpoint below EMA(10). Tested and held SMA(89). Held above its 50.0% retrace (29.84). No daily 3LB changes (reversal is 25.25). Escaped and running free from the "fear" zone.
GOLDBullish long day. Midpoint above EMA(10). Tested and held its 50.0% retrace (1651.50). Tested and held SMA(89). No daily 3LB changes (reversal is 1757.30). Back above daily 3LB mid. Must have the precious.
EURUSDBearish harami day. Midpoint above EMA(10). Tested and held SMA(55). Tested and held its 61.8% retrace (1.3903). No daily 3LB changes (reversal is 1.3654).
JNKBearish harami day. Midpoint above EMA(10). Tested and failed SMA(144). Tested and failed its 61.8% retrace (38.86). No daily 3LB changes (reversal is 37.74).
10YR YIELDBearish engulfing day. Holding above SMA(55). Midpoint above EMA(10). Tested and failed its 38.2% minor retrace (21.37). Daily 3LB reversal down (reversal is 22.34).
WTIBullish short day. Held above SMA(89). Midpoint above EMA(10). Tested and failed its 38.2% retrace (92.96). New high on dally 3LB (reversal is 87.04). Not confirming the monthly 3LB reversal down.
SILVERBullish long day. Tested and held SMA(21). Midpoint above EMA(10). Tested and held its 61.8% minor retrace (31.80). No daily 3LB changes (reversal is 36.58).
BKXBearish long day. Midpoint above EMA(10). Holding above SMA(55). Holding above its 61.8% minor retrace (38.43). No daily 3LB changes (reversal is 36.51).
HYG/LQDBearish harami day. Tested and failed SMA(89). Midpoint above EMA(10). Tested and held its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7730).
USDJPYBearish short day. Midpoint below EMA(10). Failing all SMA's. Tested and held its 50.0% retrace (75.805). New low on daily 3LB (reversal is 76.27).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
6 comments:
Tuesday night is officially the worst night of the week. Never any football on....oh sure we can the occasional DivII type of matchup on Tuesdays....but tonight is the first night I haven' had any sports on it what seems like ages....going into withdrawals.....
Who buys the stock market at 1256, right into the 61.8 retrace.....seriously....who are these donkeys?
Amen:
Would you follow lumber again for awhile?
I am considering selling about 200 acres worth of old oaks, and would like your opinions..
Bruce
BinT
I keep lumber in the Weekly 3LB Update 10/21/11
Are you looking for more daily info?
BinT
Right now lumber is still near its lows. It's having problems getting above the mid of the long bearish weekly candle from the week ending 9/30/11. This also doesn't bode well for building permits.
@Bruce
200 acres of 'old oaks' ought to be just enough to build yourself a big Ark (Noah style)...
Just saying...
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