...can prevent market melt ups based on outlier results in economic reports.
Creditcane™: Who did the bulls pay off to get control of the weather machine?
SPXBullish long day. Midpoint below EMA(10). Tested and held SMA(21,55,144). Tested and held the 38.2% retrace (1241.13). Daily 3LB reversal up (reversal is 1205.35). QE2infinity. Still above weekly 3LB mid but below the monthly 3LB mid.
DXYBearish long day. Midpoint above EMA(10). Tested and failed the 100.0% retrace (80.39). Holding above all SMA's. No daily 3LB changes (reversal is 79.14). Confirming the monthly 3LB reversal up.
VIXBearish short day. Midpoint below EMA(10). Failing all SMA's. Failing its 61.8% retrace (26.16). New low on daily 3LB (reversal is 32.00). The grip of the "fear" zone has been eliminated (for now).
GOLDBullish long day. Midpoint below EMA(10). Tested and held its 61.8% retrace (1592.30). Holding above SMA(233). No daily 3LB changes (reversal is 1802.90). Must have the precious.
EURUSDBullish long day. Midpoint below EMA(10). Still failing all SMA's. Tested and held its 0.0% retrace (1.3022). No daily 3LB changes (reversal is 1.3252).
JNKBullish short day. Midpoint above EMA(10). Tested and held SMA(144). Now above its 50.0% retrace (38.24). Daily 3LB reversal up (reversal is 37.80).
10YR YIELDBullish long day (really? who da hell was selling USTs?). Failing all SMA's. Midpoint below EMA(10). Tested and held its 0.0% retrace (18.96). No daily 3LB changes (reversal is 20.68).
WTIBullish long day. Tested and held SMA(233). Midpoint below EMA(10). Tested and failed its 50.0% retrace (97.56). No dally 3LB changes (reversal is 97.97). Not confirming the monthly 3LB reversal down.
SILVERBullish long day. Failing all SMA's. Midpoint below EMA(10). Still failing its 61.8% minor retrace (29.76). No daily 3LB changes (reversal is 30.05).
BKXBullish long day. Midpoint below EMA(10). Tested and held SMA(21,55,89). Tested and held its 50.0% minor retrace (37.51). No daily 3LB changes (reversal is 40.05).
HYG/LQDBullish long day. Tested and held SMA(21). Midpoint above EMA(10). Still failing its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7693).
EEMBullish long day. Midpoint below EMA(10). Failing all SMA's. Tested and held its 50.0% minor retrace (37.42). No daily 3LB changes (reversal is 36.10).
AUDJPYBullish long day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and held the 61.8% minor retrace (0.7630). No daily 3LB changes (reversal is 0.8231).
BACSpinning top day (after that move in the market?). Midpoint below EMA(10). Failing all SMA's. Tested and held its 0.0% retrace (5.03). No daily 3LB changes (reversal is 5.32).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
You thought that was enough to garner his freedom? Nope.
17 comments:
i wonder how many large institutions took advantage of the rally and unloaded positions?
Santa's been 'Punched' too?
I wouldn't be surprised to seer the sp500 test out the 1300 zone....
Some kind of classic end of year squeeze seems like a high probability event.
Taking year end noise seriously is an exercise in futility. The only advice I would generically give for holiday season is to keep positions light and fade big moves. You can't get a market tone until January.
"...I wouldn't be surprised to seer the sp500 test out the 1300 zone....
Some kind of classic end of year squeeze seems like a high probability event..."
x2
I was thinking abot ~that, earlier..
~all of the Wags have been wall-to-wall, "on the Media", squawking about 'unending' "Retail Selling" of Equity MutFunds/ 'pervasive "Bearishness"', etc., et al. ..
+ I think most 'peep' that are, still, 'paying attention' to the 'Marts' are, fairly, "flat-footed"..
as well, ~1300 is 'only' ~5 1/2% away..
could see ~1330, pretty EZ-ly, I reckon..
http://www.finviz.com/futures_charts.ashx?t=ES
AAIP
It's really hard to gauge anything from Houston-ville....
But, went to target yday...a Monday....and there were no carts available. I had to head out to the parking lot to get one. Maybe it was just bad employee performance, but this was the second time in two weeks I had issues getting a cart at this target....
Don't know if anyone else has these ULTA stores....but I took my two daughters to one yesterday...it's a cosmetics type of place...I was AMAZED at how much someone could spend there.....
Rally on Wayne.
@Matthew
Hear you on that thesis.
We're probably headed higher but, it will be a fade at some point soon.
http://www.finviz.com/quote.ashx?t=ULTA
just, now, looking like it's starting to 'break down'..
tho, those places have been very successful..
have much going for them..
"Lipstick Index"
"Wally-World for the distaff-side.."
"Lower prices than 'the Mall'"
"NOT a "Drugstore".."
~~~
but, now..
P/E 40.34
P/S 2.49
Inst Own 74.48%
52W Low 103.00%
nice 'Double-Top' @ ~75..
AAIP
AT,
these guys..
http://www.finviz.com/quote.ashx?t=CIE
Cobalt International Energy, Inc.
are based in Houston..
would you happen to much/anything about them?
AAIP
"know"
ibid.
http://www.nakedcapitalism.com/2011/12/philip-mirowski-the-seekers-or-how-mainstream-economists-have-defended-their-discipline-since-2008-–%c2%a0part-ii.html
Philip Mirowski: The Seekers, Or How Mainstream Economists Have Defended Their Discipline Since 2008 – Part II
Read Part I also.
ibid, punched in for kicks"know"
what it is?
SPX must get well above 1257.64,
31DEC10 close,
then Øbama wins this game...
Q4,
see: would you happen to much/anything about them?
from 23:08, above..
"know", was missing Word..
AAIP/ibid.
lol, I know, "know" was to be inserted into previous, but, do you know what "know" is?
Looks like an all-in-one etf.
http://etfdb.com/index/sabrient-multi-cap-insideranalyst-quant-weighted-index/
...it's strange
The investment seeks to replicate, net of expenses, the Sabrient Multi-Cap Insider/Analyst Quant-Weighted Index. The index is composed of 100 stocks selected from the S&P 1500 by Sabrient Systems LLC (the "Index Provider") using a quantitative methodology. The fund will invest at least 80% of its net assets in the equity securities that comprise the index. The fund may invest up to 20% of its assets in financial instruments that provide leveraged and unleveraged exposure to the index. It is non-diversified.
http://www.finviz.com/quote.ashx?t=KNOW&ty=c&ta=1&p=d
14-Dec-11 05:29PM RBS, Direxion Debut New ETFs at Investor's Business Daily
13-Dec-11 11:04AM Direxion Launches ETFs Reflecting Insider Sentiment ETF Trends
yes, odd..
AAIP
Figures. Right at 1AM ET ES begins its inevitable march higher.
***Santa Claus is still locked up nice and tight***
Was this move higher enough to give S&P cover to downgrade France?
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