Wheat (weekly info)new low 640.75
trend=down
low= 640.75
rev= 685.50; mid= 663.13
Wheat is trying to stage a comeback. It's below all SMA's. But it's back above the weekly 3LB mid. It's also still below the 61.8% retrace. MACD is still moving higher.
Corn (weekly info)-no change (below mid)
trend=down
low= 582.00
rev= 745.25; mid= 663.63
Corn keeps approaching the 50.0% retrace and rebounding. Is someone keeping it afloat? It's below SMA(21) which is sloping down. It's back above the 38.2% retrace.
Coffee (weekly info)new low 215.20
trend=down
low= 215.20
rev= 234.85; mid= 225.03
Unlike Corn, Coffee has fallen below its 50.0% retrace. It's also below SMA(89). Now why are the prices in the store still high? It's forming a bullish harami this week so it might try to reverse with a higher close next week.
12 comments:
"...Prager is only a small part of the story unfolding at BlackRock. Robert Kapito, the firm’s president, is the man behind the charge to redefine BlackRock’s every interaction with the capital markets, overseeing one of the biggest structural changes in how buy-side firms work with their counterparts on the sell side in 30 years. It’s in keeping with Kapito’s humble roots that he hasn’t broadcast his plans to the world. If Fink is the public, ubiquitous face of BlackRock, Kapito has fathered the intense culture within the firm.
BlackRock, with $3.3 trillion in assets under management, more than three times the size of its nearest competitor, is retooling the long-standing relationship among asset managers, investors, Wall Street and companies looking for capital — and changing the value proposition for its industry in the process. To combat the growing problems in fixed-income markets and the changing market structure of Wall Street, BlackRock is taking a seat at the table with banks and issuers, helping them design bond offerings and advising them on deals. The firm has launched a global capital markets desk, as well as a syndicate desk, hiring executives from Wall Street banks with the promise of bigger opportunities and greater riches. At the same time, BlackRock is aggressively expanding its electronic trading capabilities — developing another way to get the liquidity it needs — and building a securities crossing network to match buy and sell orders within the firm so it can bypass the Street altogether and save its clients millions of dollars in trading costs. By building a capital markets desk, BlackRock will be able to get better terms on the securities it buys and sells, larger allocations when it wants them and deeper information about the primary markets.
For the 54-year-old Kapito, one of the firm’s founders, BlackRock has no choice but to build these new capabilities. “Yields are low, interest rates are low, liquidity has changed,” he says. “We have to think differently to produce results for clients.”..."
http://www.institutionalinvestor.com/Article.aspx?ArticleID=2950104&LS=EMS598697
btw, Happy Winter, y'all~
time to get Long 'Daylight' !~
AAIP
"..."They're looking for gold that is supposed to be enough to pay off Greece's national debt" of more than euro350 billion ($457 billion), said municipal official Stergios Goutsios, who is monitoring the dig. "They claim it weighs tons and was hidden by a band fighting the Turks in 1860-70, when they were trapped in an ambush."
Such legitimate hunts, which require a slew of official permits, have been carried out all over Greece in recent years, overseen by state archaeologists and police.
"Anyone who thinks they have information on buried treasure has the right to look for it, provided they obey the law," said Giorgos Dimitrainas, an assistant professor of law at the University of Thrace. "Their share of the finds is determined by ministerial decision."
But Greek law contains pitfalls for the unwary, even in the vary rare cases when they strike it rich. In 2003, legitimate treasure seekers unearthed thousands of ancient coins buried near the town of Pella, some 60 miles (100 kilometers) west of Thessaloniki. State officials ruled however that the group had no claim on the treasure as their permit stipulated that they could look for gold, not antiquities.
For Greece's treasure seekers, even that should not be a sufficient deterrent.
"People who look for gold are maniacs, they never give up until they find something," said another self-described former treasure hunter, 34-year-old Panagiotis. "It's like gambling."..."
http://news.ino.com/headlines/?newsid=689828074807700
ibid.
The market might be moving higher but 10yr yields are telling a different story.
although I only check every so often, seems like the market is moving in slo-mo.
http://www.youtube.com/watch?v=IHEtPXcuBVE
ibid, I know peeps that buy too many lotto tickets each week, different type treasure hunting maniacs
Today feels like being forced to watch a show you absolutely can't stand over and over again. Just sayin'
You can't be talking about MY show, because I give cars and stuff away, beside everyone loves my show.
Oprah.
(Mutt)
Been very slow in energy land all week long....
Expecting it to be slow through next week.
It feels like whatever bid direction this markets move right now through the end of the year...will be a 'fade'
I'm personally going into vacation mode next several days.
Anyone else getting tired of the phrase: "Everyone has to pay their fair share."
What the f-ck does that even mean?
@Mutt.
You need to be careful making fun of Oprah. She has special powers.....
"Everyone has to pay their fair share."
AT,
it, just, means, that the 'upper-Middle Class' (what's left of them) will be seeing Higher Tax bills..
also, more *Proof that the "John Birch Society" was/is more Correct than, most, anyone wants to *think about..
~~~
Q4,
funny, just, a couple of Days ago, I was in an 'In 'n Out' ("Convenience Store"), and noticed that they did not 'sell' Lottery Tickets..
jokingly, I asked the Girl ~"Hey, you're not selling Lottery Tickets, What are trying to do, start a Riot?"
She: "I know, right?", and, went on to regale with multiple stories about 'people' flipping out, b/c they didn't sell Lottery Tickets..
anyway, was sad/telling/funny, +more, all-in-one..
AAIP
Been away most of the day. At least I didn't have to watch the tape. Corner will be up in a few.
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