Creditcane™: I sneeze and the bond market gets the flu.
SPXBearish short day (possible bearish harami). Midpoint above EMA(10). Tested and failed SMA(144). Holding above the 38.2% retrace (1241.13). No daily 3LB changes (reversal is 1285.09). QE2infinity. Still above monthly & daily 3LB mids.
DXYBullish long day. Midpoint above EMA(10). Tested and held the 62.8% retrace (77.27). Holding above all SMA's. No daily 3LB changes (reversal is 74.88). Not confirming the monthly 3LB reversal up.
VIXBullish short day. Midpoint above EMA(10). Tested and held SMA(21). Holding above its 50.0% retrace (29.84). No daily 3LB changes (reversal is 48.00). The grip of the "fear" zone is strong.
GOLDSpinning top day. Midpoint above EMA(10). Tested and failed its 61.8% minor retrace (1792.10). Still above all SMA's. No daily 3LB changes (reversal is 1639.80). Must have the precious.
EURUSDBearish long day (possible dark cloud cover). Midpoint below EMA(10). Failing all SMA's. Tested and failed its 50.0% minor retrace (1.3655). No daily 3LB changes (reversal is 1.4201).
JNKSpinning top day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and failed its 50.0% retrace (38.24). No daily 3LB changes (reversal is 37.74).
10YR YIELDBearish long day. Failing all SMA's. Midpoint above EMA(10). Failing its 38.2% minor retrace (21.37). No daily 3LB changes (reversal is 22.32).
WTIBearish short day. Above all SMA's. Midpoint above EMA(10). Tested and held its 50.0% retrace (97.35). No dally 3LB changes (reversal is 95.52). Not confirming the monthly 3LB reversal down.
SILVERBearish short day. Holding above SMA(21). Midpoint above EMA(10). Failing its 61.8% retrace (35.25). No daily 3LB changes (reversal is 36.58).
BKXBearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Holding above its 61.8% minor retrace (38.43). No daily 3LB changes (reversal is 36.51).
HYG/LQDBearish short day. Tested and failed SMA(21). Midpoint above EMA(10). Holding above its 61.8% minor retrace (0.7643). No daily 3LB changes (reversal is 0.7966).
USDJPYBullish long day. Midpoint below EMA(10). Tested and held SMA(55). Tested and held its 38.2% retrace (76.561). No daily 3LB changes (reversal is 75.70). Let's see how long this lasts.
IT HAS BEGUN. YOU HAVE BEEN WARNED.
9 comments:
http://www.zerohedge.com/news/meet-feds-latest-advisor-cobra
Cartoon - Cobra destroys US currency to be replaced with Cobra Currency (aka gold)
@Amen
Depending on the 'mood'... The ---'confetti' printers could react as follows...
http://www.youtube.com/watch?v=dp7H3Uauxzg
OR
http://www.youtube.com/watch?v=cCS4rxX5q7M&feature=related
---
Hell... That GI Joe cartoon was 1985...
That's 'Plaza Accord-ville' dayz... Not much has really changed...
CV,
got a little busy this afternoon, not sure if you saw but wanted to give you a shout out on the football calls, thats impressive. hope you laid those out for yourself, maybe some new equipment for the farm is on the way....sweeet.
@ben
Not ALL...
I just do a 'pick' on every game (because you never know which individual games the blog readers are interested in, so I'll try to at least lay out a few thoughts on each game)...
Usually I have action on anything that ends up being a 3 unit pick or above...
I'm OFF tonight (Minnesota - Green Bay)...
Gun to my head, I'd lay the points with Green Bay... I don't think 'Vegas' cares one way or another... The lean is on the Packers (but it's 64-36, so it's not 'heinous')...
EXOTICS are about square, so that is a bit curious... Mostly - 'exotics' mean teasers, so if you're trying to take Minnesota +19, you could get screwed... I think they're SQUARE because that's just about how they like it...
13 points means either 19 or 7 (but a 'push' is a loss, so you'd have to win by MORE than a TD if you were siding with Green Bay)... Hardly anyone ever does that... They usually, 'psychologically' do that if they can move a 6.5 line to a JUST WIN BABY (like a lot of Ravens bettors did yesterday - even though I tried to say to AVOID it)...
---
Probably more compelling tonight is the (o/U)...
It's "50"... Of course, I can see why a lot of OVERS are being played (76% - 24%) because of all the offensive talent on the field...
But an "O/U" that moved down from 51.5???
I'm not big on playing "O/U"'s, but I'd be on the UNDER tonight...
Global Wheat Glut; Prices Drop, French Exports Plunge; Reflections on Agricultural Commodities; "No Food at Any Price" Revisited
Wheat prices are down over 50% from 2008 high and 37% since early this year in a global glut of wheat.
Please consider Wheat Shippers Battle for Sales as Global Grain Glut Expands.
France may lose its place as the second-biggest wheat exporter after failing to win more than a dozen tenders in Egypt, the world’s biggest buyer, as shipments from Russia, Ukraine and Kazakhstan overwhelm markets.
Egypt favored cheaper supply from the Black Sea region in the past 17 tenders and cargoes to northern Africa from France’s Rouen, Europe’s biggest grain-export hub, fell to a four-month low in the week ended Nov. 2, port data show. France’s crop office expects a 23 percent drop in shipments in the 12 months ending in June, the most in at least a decade.
That’s reversing last season’s trend, when French cargoes jumped 16 percent to a record as Russia and Ukraine cut sales to ensure domestic supply. Prices that reached a three-year high in February are plunging after both countries eased restrictions. Output is also expanding elsewhere and the United Nations expects the biggest-ever global harvest. Wheat may drop another 20 percent in Paris by May, said Greg Grow, director of agribusiness at Archer Financial Services Inc. in Chicago.
“The world is awash with wheat and unless you can compete with the Black Sea you’re stuck,” said Tom Fritz, the Chicago- based co-founder of EFG Group LLC, a researcher and adviser to commodity traders. “The bias is for lower prices in an effort to clean up the glut.”
http://globaleconomicanalysis.blogspot.com/
the Wheat 'oversupply'-Thesis is holding up..
AAIP
Probably worth noting that wheat high from 2008 was due to a rogue MFGlobal trader stopping out of a massive short into the highs....
Nice harbinger of things to come.
Schaub prolly out for the season.
Buy the dip.
Schaub was probably the 17th most important starter on that team....not even kidding.
Texan fans are freaking out....but the dude LOST two games this year. He's simply NOT clutch at all.
Swapping Leinart for schaub is not much of a downgrade IMHO.
I guess we'll see.
Holy Cow! I was, just, asking....whatever happened to Leinart?
Hopefully, dude bought some Ag with his 'Signing Bonus'..
and, seriously, wish dude the Best~
ibid.
Damn 9-0. That looked like a game between pros and high school.
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