Wednesday, October 5, 2011

Morning Corner 10.5.11

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?
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11 comments:

  1. AmenRaOctober 5, 2011 at 8:22 AM

    ADP employment
    Prior 91,000
    Consensus 90,000
    Consensus Range -10,000 to 100,000
    Actual 91,000

    Zero jobs.

    ReplyDelete
  2. AmenRaOctober 5, 2011 at 8:26 AM

    Dexia to left as bad bank as governments avoid injections.

    ReplyDelete
  3. AmenRaOctober 5, 2011 at 9:24 AM

    Update ADP previous revised to 83k so ta da 8k gain.

    ReplyDelete
  4. AmenRaOctober 5, 2011 at 10:59 AM

    The afternoon selloff will be epic. Just sayin'

    ReplyDelete
  5. Andy TOctober 5, 2011 at 11:37 AM

    nice rebound. terrific bear trap last 24 hours.

    ReplyDelete
  6. AmenRaOctober 5, 2011 at 1:21 PM

    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.

    ReplyDelete
  7. AmenRaOctober 5, 2011 at 2:42 PM

    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.

    ReplyDelete
  8. AmenRaOctober 5, 2011 at 4:02 PM

    Ugghh. Another rumor/leak of MS & GS numbers beating expectations to goose the market. Who actually believes any of this?

    ReplyDelete
  9. AnonymousOctober 5, 2011 at 4:47 PM

    AR,

    those that believe that they can "Profit", from it (?)

    AAIP

    ReplyDelete
  10. AmenRaOctober 5, 2011 at 5:16 PM

    AAIP

    It's all about the timing. Even if you know the books are cooked, a rumor of BTE EPS will destroy your position.

    ReplyDelete
  11. AnonymousOctober 5, 2011 at 7:02 PM

    AR,

    tot., this "Market" is, Fully, 'Trip-Wired'..

    ibid.

    ReplyDelete