FT MIB (weekly info)-no change (above mid)
trend=down
low= 13664.91
rev= 15888.61; mid= 14776.76
FTSE MIB had a bullish engulfing last week. Which probably won't get confirmed now that Italy has been downgraded three notches by Moody's. It's still below all SMA's. It has avoided testing the 0.0% retrace (for now).
30 Yr Bond (weekly info)-no change (above mid)
trend=up
high= 144.438
rev= 140.219; mid= 142.329
The 30 yr bond formed a bearish harami last week but it does not appear that it will get confirmed this week. It's still above all SMA's. It's holding above the 0.0% retrace. It's moving higher this week. Borrow short lend shorter?
11 comments:
ADP employment
Prior 91,000
Consensus 90,000
Consensus Range -10,000 to 100,000
Actual 91,000
Zero jobs.
Dexia to left as bad bank as governments avoid injections.
Update ADP previous revised to 83k so ta da 8k gain.
The afternoon selloff will be epic. Just sayin'
nice rebound. terrific bear trap last 24 hours.
BAC, GS, JPM, WFC, C, JNK, BKX, XLF all lower. Yet he market is doing all it can to try and move higher. The rubberband only stretches so far.
http://www.businessinsider.com/follow-the-money-behind-europes-debt-crisis-lurks-another-giant-bailout-of-wall-street-2011-10
I think we knew this already.
Ugghh. Another rumor/leak of MS & GS numbers beating expectations to goose the market. Who actually believes any of this?
AR,
those that believe that they can "Profit", from it (?)
AAIP
AAIP
It's all about the timing. Even if you know the books are cooked, a rumor of BTE EPS will destroy your position.
AR,
tot., this "Market" is, Fully, 'Trip-Wired'..
ibid.
Post a Comment