30 Yr Bond (weekly info)-no change (above mid)
trend=no
direction=down (2 bars)
low= 1.36.875
rev= 144.719; mid= 141.375
The long bond made a move down but not with any gusto. It's still above the weekly 3LB mid. It's still above all SMA's. It's still above the minor retraces. A few traders may have unloaded but it looks like the bulk of them are staying put.
XLU (weekly info)-change (above mid)
trend=no
direction=down (1 bar)
low= 33.35
rev= 35.26; mid= 34.31
The weakness in XLU seems to have worn off as it's back above the weekly 3LB mid and 61.8% retrace. It's also above all SMA's.
13 comments:
yes, the contemplative old Man, or the Gaucho riding beside the Stream
~~~
"...Yes Steve Southerland, you didn't block the stupidity. Yes Cathy McMorris-Rodgers, you did not block the stupidity. Yes Jeff Miller, you did not block the stupidity. Yes Michelle Bachmann, you did not stop the stupidity.
Instead you, and all so-called "Tea Partiers" folded your tents and "supported" the "mainstream" Rethuglican party. You know, the one that McCain belongs to? The one that apparently hasn't figured out that torture and Stalinesque games are supposed to be against the Constitution here in the United States? The one that claims to be for The Rule of Law and yet will not demand enforcement of the law against the banksters from Mozilo to MF Global to everyone else who's been ripping off the American public for the last 30 years?
4th Amendment? That's an inconvenient distraction; let's pass The Patriot Act and repeal it by stealth! 1st Amendment? Ditto when what's being said isn't what the Rethuglicans Party wants to hear (never mind that nobody ever bothers trying to censor opinions they agree with!) 5th Amendment? Kelo anyone? 2nd Amendment? What's this permit crap -- since when do you need permission to exercise a right?
None of the people in the so-called "Tea Party" or the broader Rethuglicans support any of the above and none of them believe in either actual rights or The Constitution.
Yes, that party of liars and traitorous two-bit bastards. The one that turned into "Guns (except the ones we don't want you to have, when and where we don't want you to have them), Gays (kill them all -- the gas chamber will do just fine) and God (believe in ours the way we want you to damnit or we'll send you to hell, via Gitmo if necessary)", right?
A party that I once supported, but has now gone so far to the right that it's indistinguishable from fascism "in the raw" in the worst sort of way, exactly as other parties have throughout history in such storied places like Russia and Germany.
And why? Oh that's simple: This is one of the two parties that has serially lied to the people for more than 30 years about what was able to be delivered in government services with the level of taxation it supported, and now that this Ponzi Scheme threatens to collapse upon their heads they're grasping for any means of retaining power available to them, including the initiation of force and violence against the people when, not if, it does.
Happy Holidays."
from Dennninger
http://market-ticker.org/akcs-www?post=198571
only the last couple of paragraphs, whole thing was, rather, 'refreshing'..
AAIP
@Amen
That painting is creeping me out...
CV
There's a few of them. They're called Double Vision by Arcimboldo.
Tonia at the skating rink
classic.....
@Amen
Yeah, well he's got nothin' on cv...
I can fold a dollar bill and turn George Washington into a mushroom!
Then again... THE BERNANK can just hit a few keystrokes on his computer and turn a dollar bill into a MUSHROOM CLOUD
Didn't take long for stories like this to appear:
http://finance.yahoo.com/news/why-sovereign-debt-ratings-may-161948941.html?l=1
Why Sovereign Debt Ratings May Not Matter That Much
...but when you see where the story comes from explains it all.
@Denniger....
Classic.
Hard to argue too much with any of that. Both these parties are cartoonish morphs of what they used to be.
Hmmph. SPY had more volume on 11/25 than today...so far.
hey andy!
you were way in front of jesse on this call...
"On Sunday I read The Hunger Games at the suggestion of she-who-must-be-obeyed in my role as the judge and chief taster of things that the household children might consume that could-be-of-a-questionable-nature. This goes for books, movies, and food. I am also in charge of spider and other unappealing creatures disposal.
It was an easy story and diverting for those who like futuristic science fiction. While a bit dark it was not inappropriate for the 13+ set. I picked up books 2 and 3.
Don't see this often. The hi-lo range on the SPX is 13. Are HFTs now being programmed for fibos?
Quotage...
"... as all history informs us, there has been in every State & Kingdom a constant kind of warfare between the governing & governed: the one striving to obtain more for its support, and the other to pay less. And this has alone occasioned great convulsions, actual civil wars, ending either in dethroning of the Princes, or enslaving of the people. Generally indeed the ruling power carries its point, the revenues of princes constantly increasing, and we see that they are never satisfied, but always in want of more. The more the people are discontented with the oppression of taxes; the greater need the prince has of money to distribute among his partisans and pay the troops that are to suppress all resistance, and enable him to plunder at pleasure. There is scarce a king in a hundred who would not, if he could, follow the example of Pharaoh, get first all the peoples money, then all their lands, and then make them and their children servants for ever ..."
-- Benjamin Franklin
(1706-1790) US Founding Father
Source: before the Constitutional Convention, June 2, 1787.
http://quotes.liberty-tree.ca/quote_blog/Benjamin.Franklin.Quote.EF61
"There never did, there never will, and there never can exist a parliament, or any description of men, or any generation of men, in any country, possessed of the right or the power of binding and controlling posterity to the `end of time,’ or of commanding for ever how the world shall be governed, or who shall govern it. ... Every age and generation must be as free to act for itself, in all cases, as the ages and generations which preceded it."
-- Thomas Paine
(1737-1809) US Founding father, pamphleteer, author
http://quotes.liberty-tree.ca/quote_blog/Thomas.Paine.Quote.1F53
"No man has ever ruled other men for their own good."
-- George Herron
(1862-1925) American clergyman, lecturer, writer, and Christian socialist activist
http://quotes.liberty-tree.ca/quote_blog/George.Herron.Quote.22CE
ibid.
02:45PM Olive Garden Woes Prompt Darden to Cut Forecast at The Wall Street Journal
http://www.finviz.com/quote.ashx?t=DRI
Change -12.38%
looks like peep are, finally, 'waking-up'(?) on 'Olive Garden'?
if so, took them long enough..
AAIP
01:40PM AutoZone Beats, Profits Up 24% Zacks
http://www.finviz.com/quote.ashx?t=AZO&ty=c&ta=1&p=d
~Price 337.81
~~
that one hasn't (yet?) worked out as 'envisioned'...though, weak upside reaction to 'Good Earnings'...
letting those Dec Options ( Short340C/Long 330P ) 'run'...
AAIP
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