DAX (weekly info)-no change (below mid)
trend=down
low= 5189.93
rev= 6236.16; mid= 5713.05
DAX held its 61.8% retrace for four weeks and has now broken above its 50.0% retrace. It's back testing its SMA(21). It's back above its weekly 3LB mid.
FT MIB (weekly info)-no change (above mid)
trend=down
low= 13664.91
rev= 15888.61; mid= 14776.76
Italy gets downgraded two notches and its market heads higher. It's now above its SMA(21). It's above its weekly 3LB mid (and testing its weekly 3LB reversal).
PSI (weekly info)-no change (below mid)
trend=no
direction=down (1 bar)
low= 5656.00
rev= 6361.00; mid= 6008.50
Portugal defended the 0.0% retrace and is now heading higher. It's still below all SMA's. This week its testing its weekly 3LB mid.
18 comments:
http://www.businessballs.com/maslow.htm
a 'refresher' never *hurts..~
AAIP
Paul spots a passing bandwagon and mounts the barricades!
Panic of the Plutocrats
Aux armes, citoyens !
NFLX
"Abandon all hope ye who enter here."
Last weeks gains wiped out in one day. Rut roh!
LB
Oligarchs trying to pull up the bridge over the moat.
Oligarch oath: I ______ promise and swear to uphold the Oligarch Status Quo to the best of my abilities. If I fail to do my sworn duty I will suffer the penalty of a loss of all wealth, a major scandal and Cell Block C (where I am the main course). So help me God.
Netflix ... what a fuck up decision that was.
Is the Fed doing another reverse repo? I see yields heading higher. Is it that there are some parties who don't want to buy 10yr & 30yr bonds with yields under 2.00% & 3.00% respectively?
http://www.finviz.com/quote.ashx?t=NFLX
~106.47
P/B 17.58
52W Range 107.31 - 304.79
and, still..
P/S 2.21
younds~
AAIP
How come nobody protests the rich guys in Silicon Valley?
How come the protestors aren't protesting in D.C.?
It was DC that gave Wall Street the cash....it was Ben Bernanke and Co. that enabled a lot of this shit.
It's funny how the history of things gets skewed.
http://www.finviz.com/quote.ashx?t=S
something tells me that will turn out to be a 'Textbook'-Case..that "'Synthetic Longs' have Limits" ..
10:00AM Sprint and IDEAL LIFE Address Rising Medical Costs and Enhance Access to Health Care with Wireless Health Monitoring Business Wire
10:00AM MediaTile and Sprint to Provide Interactive, Personal Customer Experience Through HumanKiosk Solution and 4G Technology Business Wire
09:49AM Tech Today: Sprint has the iPhone and a Thirst for Cash at The Wall Street Journal
09:47AM Sprint: FBR Makes Top Pick; Don't Mind The Funding Gap at Barrons.com
~~
also, I find it *interesting that it takes a 'brush with De*th' to get Co.s to 'move off "dead-center"' (as above 'announcements' allude to..)
and, as with "Pick-Up" Trucks, coming more 'full-featured'--from the Factory--after Sales 'nose-dived'..
AAIP
I recommend buying some 10y and 30y this week. We have had a big move up in yields, but I don't see a 4-5% GDP on the horizon !
We will probably buy some bonds today or tomorrow. Partly this is a short-term hedge for our HYG position.
Not madly bearish like you lot but fairly cautious - as I think everyone should be after a silly low volume squeeze day.
LB
Thought you would get a kick out of this: http://www.zerohedge.com/news/equity-traders-petition-create-more-bond-market-holidays
Equity Traders Petition To Create More Bond Market Holidays
http://www.zerohedge.com/news/primex-time-next-subprime-trade-has-come
PrimeX - The Time For The Next "Subprime Trade" Has Come
http://www.zerohedge.com/news/primex-update-its-donkey-kong
PrimeX Update: It's On Like Donkey Kong
http://www.zerohedge.com/news/primex-selling-accelerates
PrimeX Selling Accelerates
All this happened after Fitch released updated ratings on these deals.
ROR.....!
Risk dialed back this week from 70% to 55%.
Bonds excluding HY (10%) are now 27%.
The range trade lives, until it is killed.
Just what the banks needed before earnings releases !
Ready for the AA pantomime? We are.....
Slovakia Rejects Plan To Expand EFSF, Government Falls
The EFSF implosion has begun...
...expect to see (not hear) black helicopters over the Slovakian Congress.
http://finance.yahoo.com/news/Slovakia-rejects-expanded-apf-1181339657.html?x=0
Bratislava, the 21stC. v. of "Bunker Hill"?
IOW, that's, _______, good News..
ibid.
Post a Comment