Morning Corner 11.10.11

HYG (weekly info)
-no change (above mid)
trend=up
high= 90.12
rev= 85.21; mid= 87.67


The bearish harami formed last week appears to have a confirmation this week. It's back below the weekly 3LB mid. The MACD is moving lower. It has broken below the SMA(89) & SMA(55).



HYG (weekly info)
-no change (above mid)
trend=up
high= 90.12
rev= 85.21; mid= 87.67


The bearish harami formed last week appears to have a confirmation this week. It's back below the weekly 3LB mid. The MACD is moving lower. It has broken below the SMA(89) & SMA(55).



XLF (weekly info)
-no change (above mid)
trend=no
direction=up (1 bar)
high= 14.05
rev= 12.68; mid= 12.87

XLF is acting like HYG in that it had a bearish harami last week which is being confirmed this week. It's back below the weekly 3LB mid. It's below all SMA's except SMA(21).

25 comments:

cv said...

In state tuition for Penn State has risen (since 1966) from around $400 a year to over $15,000 a year...

Yeah, there's no inflation...

They gotta clean house (and fast) over there...

In this moment, it's hard to really see how one actually moves forward from something like that...

It's not like a recruiting violation or anything...

cv said...

Week 10 NFL Picks up...

http://fantasy-sports-nation.blogspot.com/

---

Well - 1 pick is up anyway (Chargers vs. Raiders tonight on NFL Network)...


As well... there are "hints" as to where I'll be leaning on all games...

I still need to organize the UNIT disbursements on most games...

ben22 said...

re: PSU tuition costs

enough said:

http://www.usnews.com/education/best-colleges/articles/2011/06/14/10-most-expensive-public-colleges-for-in-state-students

there's no way I could have gone there facing that steep of a bill, it was much much cheaper when I went

AmenRa said...

I see the BTD crowd is back. After some "hidden" intervention in the Italian auction I guess they think everything is ok.

Anonymous said...

re: PSU

this 'Story' has been Front Page (nearly, Full Page), two Days running...(in the Local P(l)ayper)
~~

I mean, ok, I get it, 'local' U., high-profile 'Legend' "involved", incredible Topic, etc., ...

but, Really?

that's what's soo Important?

not U$D 1.7 T, yes T, rillion Annual Budget Deficits..

not, U$D 16 T, yes T, rillion in 'secret' FedRes 'funding' for all kinds--from all points..

not, the, continuing, Massive, Underfunded 'Pension' Plans...

as, but, simple Examples..
~~~

you know, it's *funny, it's a 'Good Thing' the 'Cained Peep don't learn much History...

so much of this 'Playbook' was *perfected in the '20s...

AAIP

ben22 said...

its not important, but thats not what news is for (important things)

it's for what sells

right?

clearly sex scandals are great for news, just think about what its been like the last year or so and then....

name one month where there wasn't one, starting back to Tiger's.

cv said...

Kim Kardashian is going to have to admit to a 'cheating' scandal during her 72 day marriage just to get back near the front page...

cv said...

All I know is that I'd be pretty nervous hanging around Beaver Stadium this Saturday for Penn St. - Nebraska...

You never know what might break out...

---

Give 'em any opportunity to 'trash the joint' & they'll probably take you up on it...

Yeah... I'm real 'bullish' on the human race...

JETPACKS bitchez!

cv said...

@ben

Hey ben... For that $15 large a year, does that include POST GRAD study courses in these areas of specialty?

---

Beat the Buckeyes

http://www.youtube.com/watch?v=gPq526ULPXM&feature=fvst


Bin Laden getting 'killed' for the "n"th time...

http://www.youtube.com/watch?v=ZbEEDUd93Jg&feature=fvst


& of course, the latest & greatest, students annoyed with 'the University' because the board of trustees fired Joe Pa for not doing enough when it was reported to him that his defensive coordinator was ass fucking a 10 year old boy in the showers... "One More Game"!...

http://www.youtube.com/watch?v=igE8sW72LOE

ben22 said...

CV,

yeah, that's the only saving grace for PSU is that it's highly likely another scandal is right around the corner

as for the little riot last night afterward,....stupid

however, I'd point out that I personally witnessed two far worse riots after football and basketball games up there. kids are stupid, I was stupid about a lot when I was there too, maybe I know a little bit more now, I'd have not gone out to protest that call by the board, sad as it made me for JoePa.

cv said...

@ben

Believe me that I'm not making any 'behavioral' correlations between you (an ALUM) & these roving bands of idiots that seem to sping from nowhere at the drop of a hat...

In watching interviews from that melee last night, there were a bunch of idiots, and then there was ONE dude who was clearly emotional, but seemed to have it all together... He was basically saying that all the other people around him were idiots (that too guts considering where he was at at the time)...

So at least PSU seems to have produced 2 clear minds...

Instead... My main point is to present things in the harshest way possible... These days, when the 'unframeable' happens, you have to drag the bleeding carcass around for all to see... It's the only way people remember...

Instead, people don't learn a thing and just move on to the next thing...

I'm still amazed about 'Fukushima' for instance... Do you hear anything about that anymore???... Just the other day I read something to the effect that the mayor of Tokyo was publicly telling people to "stop complaining"...

WTF???

Yeah... I'm 'bullish' on the human race... Especially their capacity to learn from the past...

Leftback said...

LB unloaded some HYG into the recent irrational exuberance.
Still holding some and will buy back lower down.

QQQQ said...

OK, who's buying this crap, I know it's one of you! Don't fight it, it's going down... bulls really, really need today so they'll try to pour it on IMO... don't wanna close red today do we?

...not that this has anything to do with the markets but learned how to make a pipe last night from a local hollow plant stem and a piece of lava rock... :/

Aloha

cv said...

Here's a perfect example... Exemplary humans who just don't give a fuck...

Out of curiosity (and because it's "what I do" blogwise these days)... I'm checking the line movements & money wagering going on across the Vegas sportsbooks... I do this because $$ movements tell a far greater story to me than "X"'s & "O's", or statistics, or player profiles EVER could when it comes to sports wagering...

So I look at Penn State - Nebraska...

ALREADY, there is 10x the gambling interest in that game than there is on the average NCAA Saturday game...

Even more... There is TWICE the gambling interest in Penn State - Nebraska than there is on Oregon - Stanford (which, as any college football fan should know is in the top 5 of most important games of the season)...

So people are interested in GAMBLING on Penn State - Nebraska... & who are they betting on???

Nebraska... (Vegas has already had to move the line from PSU (+2) to PSU (+3.5) because 86% of the $$ is coming down on the Cornhuskers - evidently thinking PSU will not be focused)...

That's neither here nor there to me... But I'm simply amazed that what should have been a pretty average game on a normal Saturday has now morphed into some kind of...

- dancing bear routine
- cockfight
- dog fighting ring
- Thunderdome

WTF ever...

Yeah we're real civilized... Within minutes of anything happening, it's all just an excuse to place bets on which crow is going to fly off the fence next...

cv said...

@QQQQ

learned how to make a pipe last night from a local hollow plant stem and a piece of lava rock... :/

---

Useful skill in this day and age as people seem to need any or all devices possible for mankind to engineer in order to take one last hit off the crack pipe or one last toke of 'hopium'...

Anonymous said...

Quotage..

"Is there any reason why the American people
should be taxed to guarantee the debts of banks,
any more than they should be taxed to guarantee
the debts of other institutions, including merchants,
the industries, and the mills of the country?"
-- Carter Glass
(1858-1946) Newspaper publisher, US Senator (D-VA), author of the Banking Act of 1933, U.S. Secretary of the Treasury under President Woodrow Wilson.
http://quotes.liberty-tree.ca/quote_blog/Carter.Glass.Quote.2BD8


"A power has risen up in the government greater than the people
themselves, consisting of many and various powerful interests,
combined in one mass, and held together by the cohesive power of
the vast surplus in banks."
-- John C. Calhoun
(1782-1850) American statesman
June 27, 1836
Source: http://www.devvy.com/9612.html
http://quotes.liberty-tree.ca/quote_blog/John.C..Calhoun.Quote.2EEA


"Some people think the Federal Reserve Banks are US government institutions.
They are not... they are private credit monopolies which prey upon
the people of the US for the benefit of themselves and their foreign
and domestic swindlers, and rich and predatory money lenders.
The sack of the United States by the Fed is the greatest crime in history.
Every effort has been made by the Fed to conceal its powers,
but the truth is the Fed has usurped the government.
It controls everything here and it controls all our foreign relations.
It makes and breaks governments at will."
-- Louis McFadden
(1876-1936) US Congressman (R-PA) (1915-1935), Chairman of House Banking and Currency Committee. Poisoned in 1936.
Source: June 10, 1932
http://quotes.liberty-tree.ca/quote_blog/Louis.McFadden.Quote.B240


AAIP

ben22 said...

CV,
12:12, lot of truth there man, lot of truth, imo.

ben22 said...

QQQQ

I have to come clean I'm sort of bull tard lately after being wrong for about a week and half early October

I'm not some ultra bull but do I think that markets could generally "hold up" several more months?

yeah, I'm leaning like that, it's a cool guy lean you know.....lol.

QQQQ said...

@McB22

I'll come clean also, lost more than 5% off my trading account probably around the same time you did loading up on NOV SDS calls almost daily.

Still developing my momentum trend indicator and was sort of trading off that...grrr

made some adjustments... will try to post it EOD starting tonight but now I'm gonna learn how to make a palm frond hat from a local... huh?

ben22 said...

Q's,

nice, I'll keep an eye out for that, thanks for sharing

like all indicators you have to keep chipping away at it/make it better as time goes on

Anonymous said...

Jefferson County files for largest municipality bankruptcy in U.S. history
MONTGOMERY, Ala. — Jefferson County chose to file for Chapter 9 bankruptcy to take control of its sewer system issues from a court-appointed receiver and to wipe away some of its $4.15 billion debt, according to the Associated Press.

The city could see a high increase in sewer rates because most of their debt comes from their sewer problems and that money is secured against net revenues from the sewer system, stated the article.

"The county did not file this case rashly, improperly or with any improper intent," its lawyers said in court papers. "Rather, it did so deliberately and grudgingly, yet with the desire to effect a prompt, efficient adjustment of its debts."

To read the entire article, click here.


MORE in Municipal/IndustrialRelated Tags: municipality bankruptcy, sewage problems, sewer system, Chapter 9 bankruptcy, sewer rates

http://www.watertechonline.com/municipal-industrial/article/jefferson-county-files-for-largest-municipality-bankruptcy-in-us-history

ibid.

in case anyone missed it (with all the PSU goings-on..)~

ben22 said...

re: J. county

this might be worth a read for intersted parties

one of my favorite lines in it:

https://self-evident.org/?p=935

As an aside, I am often amused by the progressive bias toward using smaller firms rather than megabanks. It was the good old boys at the smaller firms that JP Morgan and other banks used to gain access to local officials in this and other frauds, and the people at those smaller firms had already been deeply entrenched in corrupt schemes with public officials for decades. In fact, as you will see, these smaller firms played the megabanks off of each other, which only increased the cost of the schemes to taxpayers.

cv said...

It just keeps getting weirder...

The DA who had the file on the Sandusky case went "missing" in 2005 and was finally declared dead in July of this year...

http://www.msnbc.msn.com/id/45244328/ns/local_news-philadelphia_pa/?GT1=43001

"This district attorney who had “a bitter taste in his mouth for the [Penn State] program, and its coach,” according to his nephew, and yet never prosecuted Sandusky, disappeared on April 15, 2005, after telling his girlfriend that he was going on a drive.

Ray Gricar’s car was found the next day in a Lewisburg parking lot and his laptop, sans hard drive, was found in the Susquehanna River, according to the Patriot-News."


---

Boy - taking that kind of mystery to other realms... If Ron Paul ever gets elected, the list grows with regards to things he'll have to avoid...

- book depositories
- airplanes
- tall buildings
- Susquehanna River

---

I'm sure it's all just a kooky coincidence...

Anonymous said...

McB,

https://self-evident.org/ is, really, rather Good.

not surprised that you are Reading it.

ibid.

AmenRa said...

Even though today was mildly bullish, the candles didn't take out the midpoint of the bearish candles.

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