Creditcane™: Call me Dangerfield. The cane get no respect. Damn you invisible hand.
SPX
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Tested and held the minor 61.8% retrace (1286.32). New high on daily 3LB (reversal is 1277.06). QE2infinity. Now confirming the weekly 3LB reversal up.
DXY
Spinning top day (confirmed dark cloud cover). Midpoint above EMA(10). Tested and failed the 0.0% retrace (81.02). Still above all SMA's. No daily 3LB changes (reversal is 80.24).
VIX
Bullish short day. Midpoint below EMA(10). Failing all SMA's. Tested and held its 50.0% minor retrace (20.22). No daily 3LB changes (reversal is 23.52). The grip of the "fear" zone has been eliminated (for now).
GOLD
Bullish long day. Midpoint above EMA(10). Holding above its 61.8% retrace (1592.30). Tested and held SMA(21). New high on daily 3LB (reversal is 1600.50). Must have the precious.
EURUSD
Spinning top day (confirmed bullish piercing). Midpoint below EMA(10). Still failing all SMA's. Tested and held its 0.0% retrace (1.2777). No daily 3LB changes (reversal is 1.2953).
JNK
Spinning top day. Midpoint above EMA(10). Holding above SMA(144). Holding above its 50.0% retrace (38.24). No daily 3LB changes (reversal is 38.94).
10YR YIELD
Spinning top day. Tested and held SMA(21). Midpoint above EMA(10). Holding above its 0.0% retrace (18.96). No daily 3LB changes (reversal is 20.68).
WTI
Bullish short day. Still above all SMA's. Midpoint above EMA(10). Tested and held its 61.8% retrace (101.94). No dally 3LB changes (reversal is 99.68). Not confirming the monthly 3LB reversal down.
SILVER
Bullish long day. Tested and held SMA(21). Midpoint above EMA(10). Tested and held its 61.8% minor retrace (29.76). New high on daily 3LB (reversal is 27.24).
BKX
Bullish long day. Midpoint above EMA(10). Still above al SMA's. Holding above its 38.2% retrace (41.37). New high on daily 3LB (reversal is 40.81).
HYG/LQD
Bearish short day. Holding above SMA(21). Midpoint above EMA(10). Holding above its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7818).
EEM
Spinning top day. Midpoint above EMA(10). Holding above SMA(55). Holding above its 61.8% minor retrace (38.06). No daily 3LB changes (reversal is 36.10).
COPPER
Bullish long day. Midpoint above EMA(10). Tested and held SMA(89). Tested and held its 61.8% minor retrace (3.463). No daily 3LB changes (reversal is 3.615).
~~~~~~~~
AT Quick Glimpse at SP500 (60 Min) with RSI Divergence
IT HAS BEGUN. YOU HAVE BEEN WARNED.
20 comments:
Oh man. Where did you find the Bear pic? that's friggin' hilarious
File this under 'other super important' things...
WTF is up with A-Rod.
The guy is really into the chicks with dude-like bodies....
http://www.thesuperficial.com/a-rods-new-lover-seems-like-a-nice-guy-01-2012
Added in a chart above on the 60min sp500 with some growing RSI Divergence. Think there should be serious consideration given to selling on a break of that uptrend line.
Andy T
She just looks like she prefers to work out (a lot).
That's a pic of a dead bear. I'm still trying to find a pic of a bull sitting down in a reading room with a bears head mounted on the wall behind him. It's for the no volume bullish days.
AAIP
That first pic pretty much summarizes the current state of the market.
AmenRa,
yeah, that's what I was thinking, too..
~~
(AP:ANCHORAGE, Alaska) An Alaska community digging itself out of nearly 15 feet of snow first tried Anchorage, Fairbanks and other cities when it ran short of shovels after being pummeled this week by yet another storm.
It finally turned to a manufacturer Tuesday for a special order.
"It's ironic, isn't it? The state of Alaska _ you'd think they'd be ahead of the game. It's those logistical things you just don't plan on, or you don't think is going to be an issue," said Allen Marquette, a spokesman for the city of Cordova, on the east side of Prince William Sound.
The snow-weary community of 2,200 was promised new shovels to be manufactured Thursday and delivered two days later _ but it will be too late for the "couple more feet" of snow that touched down Tuesday, accompanied by winds of 25 to 40 mph and gusts to 55.
The latest storm hit much of south-central Alaska. Avalanches along the Seward Highway closed the only route south out of Alaska's largest city, cutting off Anchorage from neighborhoods to the south in Girdwood...
http://news.ino.com/headlines/?newsid=68983680838200
http://www.amazon.com/Government-Doesnt-Work-Harry-Browne/dp/0965603601
though, that is some serious Snowfall..~
AAIP
So who is buying USTs before the 10yr auction pushing the yields lower? Who wants to buy sub 2% bonds? Yes, it costs the US less in interest but drives away would be investors.
http://www.rttnews.com/1795744/spain-industrial-production-falls-more-than-expected.aspx
(RTTNews) - Spain's industrial production fell at the fastest pace in 26 months in November, adding to evidence that the economy contracted in the final quarter of last year.
Industrial production dropped a working-day adjusted 7 percent year-on-year, after falling 4.2 percent in October, which was revised from 4 percent, data from the statistical office INE showed. Economists had forecast production to decline 5.4 percent in November.
time to buy...
http://www.businessinsider.com/financial-stocks-analysts-expect-bank-profits-to-rise-57-in-2012-2012-1
http://www.bloomberg.com/news/2012-01-11/europe-s-39-trillion-pension-threat-grows-as-regional-economies-sputter.html
"State-funded pension obligations in 19 of the European Union nations were about five times higher than their combined gross debt, according to a study commissioned by the European Central Bank. The countries in the report compiled by the Research Center for Generational Contracts at Freiburg University in 2009 had almost 30 trillion euros ($39.3 trillion) of projected obligations to their existing populations.
By 2060, the average French pension benefit will be 48 percent of the national average wage, compared with 63 percent now, said Stefan Moog, a researcher at Freiburg University in Freiburg, Germany."
...the have-nots will be the elderly, everywhere....
BinT,
it's rather amazing..
that 'Pension'-"scene" has been obvious, to anyone willing to 'see'-for many Years, now..
what I find fascinating is many that are 'told the Truth', often, don't care/believe that 'the Government "will fix it"' ..
a part of me believes that 'Adulthood' has been "outlawed"..
AAIP
Not the best looking daily candle for SPX. Then I remind myself of that first pic AAIP linked to earlier.
The pension fund deal is going to be the big explosion ....
Maybe that's the c-wave down to 900 on the s&p 500... as major pension funds start going bust sooner than most thing....
Just saw that bull/bear pic...
that's going to have to be incorporated at some point in time.
Monsanto Now Owns Blackwater (Xe)
A report by Jeremy Scahill in The Nation (Blackwater’s Black Ops, 9/15/2010) revealed that the largest mercenary army in the world, Blackwater (now called Xe Services) clandestine intelligence services was sold to the multinational Monsanto. Blackwater was renamed in 2009 after becoming famous in the world with numerous reports of abuses in Iraq, including massacres of civilians. It remains the largest private contractor of the U.S. Department of State “security services,” that practices state terrorism by giving the government the opportunity to deny it.
Many military and former CIA officers work for Blackwater or related companies created to divert attention from their bad reputation and make more profit selling their nefarious services-ranging from information and intelligence to infiltration, political lobbying and paramilitary training – for other governments, banks and multinational corporations. According to Scahill, business with multinationals, like Monsanto, Chevron, and financial giants such as Barclays and Deutsche Bank, are channeled through two companies owned by Erik Prince, owner of Blackwater: Total Intelligence Solutions and Terrorism Research Center. These officers and directors share Blackwater.
One of them, Cofer Black, known for his brutality as one of the directors of the CIA, was the one who made contact with Monsanto in 2008 as director of Total Intelligence, entering into the contract with the company to spy on and infiltrate organizations of animal rights activists, anti-GM and other dirty activities of the biotech giant...."
http://www.darkgovernment.com/news/monsanto-now-owns-blackwater-xe/
note: this is the first I've of the Deal between MON & Xe..
AAIP
Andy T
quote:
"Just saw that bull/bear pic...
that's going to have to be incorporated at some point in time."
Yup.
AAIP
Your farms produce now belongs to us. Your rainwater barrels now belong to us. Your home raised tilapia now belongs to us. We have the means to enforce. Get the picture?
AAIP (3:13) "a part of me believes that 'Adulthood' has been "outlawed".."
My youngest is in 8th grade, on the first day back after the 2 week Christmas break last week the students had to sit through lectures on Respect, Responsibility, Work Ethics and Bullying, now if this was just done during an assembly that would be one thing, but each class in each grade so the students had a full day of “values” shoved down their throats.
They are literally being taught what to think – I wrote my son a note that excuses him from any further value lessons, in short it states he is being sent to school to learn to read, write and arithmetic, he is NOT to be indoctrinated with school sanctioned morals. He has not yet needed to use it, but if he does, I am curious how the school will handle it.
The schools also had some mid-year rule changes, which to some degree I understand. Things like, if a child brings a cell phone to school and uses it, it will be taken away, but other rules like, the students will get a referral for disrespecting the teacher, so I asked my son what does “Disrespecting the teacher mean”, he said the teachers have the discretion to decide, he then told me things like rolling your eyes at the teacher, not paying attention.
These rules were NOT put in writing, the students were not given a hand out, it was all verbal.
Last night he told me, three girls got suspended for making comments on Face Book about how stupid the new rules are, what they truly said I do not know, but he is going to try and find out for me.
Which basically sounded like, if you piss the teacher of school off, the kids could get in trouble, so they are learning to Not Question Authority.
The schools are already expected to feed (For free), bus (For free) students, now they are trying to teach kids what their values system is and part of that value system is not to question their authority.
No wonder we have a population of people waiting for the gobermint to take care of them, there is no reason for them to grow up.
Mangy Mutt
on a different front..
I've been impressed by Au & Ag, 'holding in there'..
NY Gold 1642.9 +11.4 +0.70
NY Silver 29.890 +0.075 +0.25
http://www.ino.com/
ibid.
also,
http://www.finviz.com/quote.ashx?t=AZO
~341+ , has been doing 'BTE' ..
in this area, they're on the Radio, advertising: "Bring your Tax Refund to us! ..for those much needed car repairs that you've been 'putting off'.."
http://www.finviz.com/quote.ashx?t=HANS&ty=c&ta=1&p=d
this puppy has been 'BTE', too..
now ~95 3/8 ..
and, this one..
http://www.finviz.com/quote.ashx?t=S&ty=c&ta=1&p=d
~2.30
looks to have 'triple bottom''d ~2.20
ibid.
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