Creditcane™: I'm amazed that traders continue to believe all of the BS headlines out there.
SPXBullish long day. Midpoint below EMA(10). Tested and held SMA(89). Tested and failed the 38.2% retrace (1241.13). No daily 3LB changes (reversal is 1285.09). QE2infinity. Still below monthly & daily 3LB mid.
DXYBearish thrusting day. Midpoint above EMA(10). Tested and failed the 61.8% retrace (77.27). Tested and held SMA(21). No daily 3LB changes (reversal is 74.88). Not confirming the monthly 3LB reversal up.
VIXSpinning top day. Midpoint above EMA(10). Failed SMA(55). Tested and failed its 38.2% retrace (33.51). No daily 3LB changes (reversal is 48.00). Can't escape the grip of the "fear" zone.
GOLDBullish short day. Midpoint above EMA(10). Held its 38.2% retrace (1714.40). Failing SMA(55). No daily 3LB changes (reversal is 1757.30). Still above daily 3LB mid. Must have the precious.
EURUSDBullish thrusting day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and held its 38.2% minor retrace (1.3713). No daily 3LB changes (reversal is 1.4201).
JNKSpinning top day. Midpoint below EMA(10). Tested and held SMA(89). Tested and held its 50.0% retrace (38.24). No daily 3LB changes (reversal is 37.74).
10YR YIELDBearish short day. Failing all SMA's. Midpoint below EMA(10). Failing its 38.2% minor retrace (21.37). No daily 3LB changes (reversal is 23.95).
WTISpinning top day. Holding above SMA(89). Midpoint above EMA(10). Tested and failed its 38.2% retrace (92.96). No dally 3LB changes (reversal is 88.53). Not confirming the monthly 3LB reversal down.
SILVERBullish long day. Holding above SMA(21). Midpoint above EMA(10). Failing its 61.8% retrace (35.25). No daily 3LB changes (reversal is 36.58).
BKXBullish short day (possible bullish harami). Midpoint below EMA(10). Tested and held SMA(21). Tested and held its 61.8% minor retrace (38.43). No daily 3LB changes (reversal is 36.51).
HYG/LQDBearish short day. Still failing all SMA's. Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (0.7643). New low on daily 3LB (reversal is 0.7966).
USDJPYBearish short day. Midpoint above EMA(10). Failing SMA(144). Tested and failed its 38.2% minor retrace (78.074). No daily 3LB changes (reversal is 75.70). Let's see how long this lasts.
IT HAS BEGUN. YOU HAVE BEEN WARNED.
8 comments:
Greece is going ahead with the referendum. Italy has failed to pass some of the austerity measures it promised it would do. EURUSD back down to 1.36xx.
the flippin' 'Mayo' should thank its 'Lucky Fed Swaps' that it is, still, N. of Par..
~~
http://www.finviz.com/quote.ashx?t=SYMS
Sym's filing Ch. 11..
that's too bad, ol' Sy Syms was a Marketing genius...
his Tagline: "An educated consumer is our Best Customer~", taught me much..
AAIP
Bruce Krasting on MF Global: http://www.zerohedge.com/contributed/mf
Basically they KNEW commingling accounts was a no-no. Think Refco.
@Grandma
There is a 'trade' on your desk from the OE...
Laverneus Coles in not involved in it...
how about Bimbo coles?
I'll check it out
I can still remember about four years ago when MFGlobal "dropped" me as a client because of my "past."
Their risk guys didn't like me.
Funny stuff, that.
Still waiting for the "perp walk" catcalls from certain lefty bloggers.....
The decline down on the sp500 has looked corrective, which is what we were expecting. This should be the b-wave of a triangle now....
There is a disturbance in the force...
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