"Will you please make up your mind."
Creditcane™: Dear Market: You are not Atlas.
SPXSpinning top day. Midpoint above EMA(10). Holding above SMA(144). Holding above the 38.2% retrace (1241.13). New high on daily 3LB (reversal is 1195.19). QE2infinity. Still above weekly 3LB mid and the monthly 3LB mid.
DXYSpinning top day. Midpoint below EMA(10). Tested and held the 50.0% minor retrace (78.43). Holding above all SMA's. No daily 3LB changes (reversal is 78.28). Confirming the monthly 3LB reversal up.
VIXDoji day. Midpoint below EMA(10). Tested and failed SMA(144). Holding above its 61.8% retrace (26.16). No daily 3LB changes (reversal is 48.00). The grip of the "fear" zone has been eliminated (for now).
GOLDBullish short day. Midpoint below EMA(10). Tested and held its 38.2% retrace (1716.70). Tested and held SMA(55). No daily 3LB changes (reversal is 1643.50). Must have the precious.
EURUSDSpinning top day. Midpoint below EMA(10). Still failing all SMA's. Tested and held its 100.0% retrace (1.3350). No daily 3LB changes (reversal is 1.3511).
JNKBullish long day. Midpoint above EMA(10). Holding above SMA(89). Tested and held its 50.0% retrace (38.24). New high on daily 3LB (reversal is 37.88).
10YR YIELDBullish short day. Tested and held SMA(89). Midpoint above EMA(10). Failing its 38.2% minor retrace (21.37). No daily 3LB changes (reversal is 19.39).
WTISpinning top day. Still above all SMA's. Midpoint above EMA(10). Failing its 61.8% retrace (101.74). No dally 3LB changes (reversal is 99.79). Not confirming the monthly 3LB reversal down.
SILVERBullish short day. Tested and held SMA(55). Midpoint above EMA(10). Tested and held its 38.2% minor retrace (31.85). No daily 3LB changes (reversal is 36.65).
BKXBearish harami day. Midpoint above EMA(10). Holding above SMA(89). Holding above its 61.8% minor retrace (38.43). No daily 3LB changes (reversal is 40.05).
HYG/LQDBullish long day. Holding above SMA(21,55,89). Midpoint above EMA(10). Tested and held its 38.2% retrace (0.7808). New high on daily 3LB (reversal is 0.7557).
USDJPYSpinning top day. Midpoint above EMA(10). Holding above SMA(21). Tested and failed its 50.0% minor retrace (77.785). No daily 3LB changes (reversal is 75.70).
COPPERSpinning top day. Midpoint above EMA(10). Holding above SMA(21,55). Holding above its 61.8% minor retrace (3.452). No daily 3LB changes (reversal is 3.391).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
5 comments:
Bruce Krasting Social Security 2011 - Another Bad Year
Bernanke refutes Bloomberg in a letter to Congress. Bloomberg returns the favor: http://www.bloomberg.com/news/2011-12-06/bloomberg-news-responds-to-bernanke-criticism.html
@CV,
I know you are a huge Rachel Maddow fan, ....but!
did you see the new guy on msnbc? I'm pretty sure it IS her, just with different make-up on, I'm guessing you haven't set your DVR for that channel each day so here's a link:
http://upwithchrishayes.msnbc.msn.com/
at minimum same glasses/hair
on another note, while I was digging that up at MSNBC's site I noticed the article about how OWS has "moved to foreclosed home"
look, Im happy to be corrected here if wrong but is there even one ounce of evidence that shows people, in the net, are having their homes stolen from them by the banks?
I'm thinking not.
oh, btw, do be sure to read that article on that page, they apparently "just come across" the unemployment situation and are here to give you all sorts of insight!
perhaps AFTER this is all over they will wonder around and stumble upon a chart of M3....yeah, they DO still exist.
Ra,
interesting second article there, see how smart Mr. Wizard is, "As reported in the Annual Report of the Board of Governors, alongside the Board’s audited financial statements, the emergency lending programs have generated an estimated $20 billion in interest income for the Treasury."
so it seems everyone can agree on the 1.2 trillion amount...so what is that, a 2% yield? Yes, I suppose on the zero bound the word "considerable" used earlier in that portion to describe the amount of interest income generated (an *estimate, no less), is appropriate.
but no doubt some super excited Obama fan will point out the "victory" for tax payers there...
Some decent articles at http://ftalphaville.ft.com/ today.
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