HYG (weekly info)new high 90.12
trend=up
high= 90.12
rev= 85.21; mid= 87.67
Even though this weekly candle is not a reversal candle, HYG has traded down to its weekly 3LB mid. Probably profit taking in case of an EU implosion. It's only below the SMA(55) & SMA(233). The MACD has turned down and Williams %R is not yet oversold.
LQD (weekly info)new high 114.44
trend=no
direction=up (2 bars)
high= 114.44
rev= 112.59; mid= 112.74
IG is definitely outperforming HY. LQD is above all SMA's. It had a weekly 3LB confirmation last week. MACD has crossed zero and is moving higher. Williams %R is close to overbought but that might not stop the move higher.
IEF (weekly info)new low 102.14
trend=down
low= 102.14
rev= 105.14; mid= 103.63
IEF is back above all SMA's. It's also back above its weekly 3LB mid. The monthly 3LB is trending up so the long term view is still bullish.
9 comments:
AmenRa,
re: your 00:20, on previous thread..
are drawing the parallel between 'the end of the, current, phase of the Mayan Calender' and 'the end of the, recent, uptrend in Silver' ?
from the 'evening star' Q: ?
ibid.
"are drawing"="are you drawing"
AAIP
I believe I was referring to the possible collapse in fiat that you posted about.
Don't tell me that futures are higher because of ADP? The market can never make up its mind on whether it believes ADP or not.
How would the Fed buying MBS affect housing prices? The derivatives themselves have nothing to do with the price of a house. The "value" or MTM price of a derivative does. I keep reading about how the Fed may step in and buy MBS. It would help the banks as their Level 3 assets are still crap. But that's it.
AmenRa,
interesting, that crossed my mind, as well..~
~~
gotta love some of these 'analysts'..
02-Nov-11 Downgrade Northland Securities Outperform → Market Perform $100 → $57
19-Sep-11 Upgrade Northland Securities Market Perform → Outperform $60 → $100
http://www.finviz.com/quote.ashx?t=DMND
~95 to ~50 in ~6 Weeks..
~~~~
ibid.
FOMC statement was anti-climatic. No QE3, additional MBS purchases and a low rate until mid 2013.
Good for TLT, LQD, HYG and MBB.... and the REITs.
The FED wants to continue to keep MBS spreads reasonably tight. That's their best weapon in the fight to prevent a sharp housing market meltdown. They want it to deflate slowly, Japan style, not blow up. This does help the banks as you point out.
Gundlach likes this announcement and so does LB. We are presently long HYG, TLT, AGG, TIP and of course the REITs, along with EWJ.
We are thinking firmer dollar, lower commodities for a while.
http://advisorperspectives.com/dshort/guest/Chris-Kimble-111101-Commodity-Update.php
This is for all you number geeks out there
Yes this means YOU ANDY and BEN and AAPI and CVIENNE...just to name a few....
This year is special because it contains two palindrome calendar dates: Jan. 10, 2011 expressed as 1-10-2011 (or simply 1102011) and Nov. 2, 2011 written as 11-02-2011 (11022011). The first one has already occurred and the second one, 11022011, is coming up. (Note that in most of the world where day-month-year date format is used, this year also has two palindrome dates. Date 11022011 representing 11 February 2011 already passed and 1102011 corresponding to 1 October 2011 is about to occur.)
After 2011, there will be one more year in this (21st) century containing two palindrome dates. That will be 2021, with palindrome dates Jan. 20, 2021 (1202021) and Dec. 2, 2021 (12022021). (In the rest of the world, after 2011, there will also be one more year in this century containing two palindrome dates, but that year will be 2012 instead of 2021.)
Nov. 2, 2011 represented as 11022011 is a one-of-a-kind palindrome date with respect to all palindrome dates contained in all four-digit years. Why?
First, number 11022011 equals 7 x 7 x 11 x 11 x 11 x 13 x 13, that is, the product of seven square, eleven cube and thirteen square where numbers seven, eleven and thirteen are three consecutive prime numbers! So, number 11022011 is divisible by the product of the squares of three consecutive prime numbers! Furthermore, it's also divisible by the cube of the middle prime of the three consecutive primes! In fact, 11022011 = 72 x 113 x 132 where, interestingly enough, the three superscripts side-by-side constitute 232 which is also a palindrome! Fascinating, isn't it? No other such palindrome date exists in all four-digit years.
In addition, since 7 x 11 x 13 yields 1001, another palindrome number, one could also express date 11022011 as 1001 x 11 x 1001 where the left and right sides of this expression divided in the middle are almost mirror images of one another! Isn't that something?
Also, if date number 11022011 is split into four two-digit numbers as 11, 02, 20 and 11, the first two numbers add up to 13 and the sum of the last two is 31, and 13 and 31 put side-by-side yield 1331 = 11 x 11 x 11! Now, by introducing two zeros in-between the digits of the first and last elevens, this expression will change from 11 x 11 x 11 to 1001 x 11 x 1001 = 11022011! Wow!
I hope this article convinces you that the second palindrome date of this year 11022011 to occur in a little over a month is indeed special and unique compared to all other palindrome dates in four-digit years. And aren't we lucky that it is going to occur in our lifetime? Okay, you better hurry up and start the preparations now so you have all the arrangements in place to celebrate it fully when it occurs.
Aziz Inan is a professor of electrical engineering. He can be contacted at ainan@up.edu.
http://www.upbeacon.net/opinion/views-from-the-bluff/nov-2-2011-is-a-one-of-a-kind-palindrome-1.2619349
Mangy Mutt
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