The true (and only) sell side investing theory.
Creditcane™: What's with the IMF rumors? They haven't received the money from their last increase.
SPXBullish long day. Midpoint above EMA(10). Still above all SMA's. Tested and held the minor 50.0% retrace (1300.28). New high on daily 3LB (reversal is 1292.08). QE2infinity.
DXYBearish long day (confirmed evening star). Midpoint below EMA(10). Failing the 0.0% retrace (81.50). Tested and failed SMA(21). Daily 3LB reversal down (reversal is 81.51).
VIXBearish long day. Midpoint above EMA(10). Tested and failed SMA(21). Tested and failed its 38.2% minor retrace (21.62). No daily 3LB changes (reversal is 23.52).
GOLDBullish short day. Midpoint above EMA(10). Tested and held its 50.0% retrace (1655.20). Holding above SMA(21). New high on daily 3LB (reversal is 1639.60). Still above monthly 3LB mid. Must have the precious.
EURUSDBullish long day. Midpoint below EMA(10). Still failing all SMA's. Tested and held its 0.0% retrace (1.2777). Daily 3LB reversal up (reversal is 1.2672).
JNKBullish short day. Midpoint above EMA(10). Holding above SMA(21). Holding above its 50.0% retrace (38.24). No daily 3LB changes (reversal is 38.94).
10YR YIELDBullish short day. 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).
WTISpinning top day. Holding above SMA(21). Midpoint above EMA(10). Tested and failed its 61.8% retrace (101.94). No dally 3LB changes (reversal is 103.38). Not confirming the monthly 3LB reversal down.
SILVERBullish short day. Holding above SMA(21). Midpoint above EMA(10). Tested and held its 61.8% minor retrace (29.76). New high on daily 3LB (reversal is 29.52).
BKXBullish short day (didn't confirm bearish engulfing). Midpoint above EMA(10). Still above all SMA's. Failing its 50.0% retrace (43.76). No daily 3LB changes (reversal is 42.08).
HYG/LQDBullish short day. Tested and held SMA(144). Midpoint below EMA(10). Failing its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7908).
AUDJPYBullish short day. Midpoint above EMA(10). Tested and held SMA(144). Holding above the 38.2% retrace (0.7841). No daily 3LB changes (reversal is 0.8231).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
20 comments:
http://www.itworld.com/security/242587/best-evidence-showing-we-need-sopa-based-govt-studies-never-existed
Best evidence showing we need SOPA based on 'govt studies' that never existed
AmenRa,
@18:56
sounds like the 'case' Powell presented to the UN..
~~
AMA Recommends Compulsory Participation in Vaccine Trials
January 18th, 2012
You’ll love this one.
Via: American Medical Association:
In recent decades there has been a distressing decline in the numbers of healthy volunteers who participate in clinical trials, a decline that has the potential to become a key rate-limiting factor in vaccine development.
…
If progression of promising vaccines from the lab to the clinic is to remain unaffected and financial inducement is an ethically unacceptable solution to the recruitment shortage, other strategies need to be considered. Compulsory involvement in vaccine studies is one alternative solution that is not as outlandish as it might seem on first consideration. Many societies already mandate that citizens undertake activities for the good of society; in several European countries registration for organ-donation has switched from “opt-in” (the current U.S. system) to “opt-out” systems (in which those who do not specifically register as nondonors are presumed to consent to donation), and most societies expect citizens to undertake jury service when called upon. In these examples, the risks or inconvenience to an individual are usually limited and minor. Mandatory involvement in vaccine trials is therefore perhaps more akin to military conscription, a policy operating today in 66 countries. In both conscription and obligatory trial participation, individuals have little or no choice regarding involvement and face inherent risks over which they have no control, all for the greater good of society.
Research Credit: tal
Posted in Atrocities, Dictatorship, Health, Kill Off
http://cryptogon.com/?p=27045
AAIP
ZeroHedge has a good summary of the Greek drama:
http://www.zerohedge.com/news/no-deal-greek-bondholders-do-not-think-agreement-can-be-reached-crunch-date
Hedge funds (like Greenlight) that bought European CDS need to own the underlying bonds for the CDS to pay off, and they are disinclined to acquiesce to any agreement that won't trigger their CDS. If they own the Greek law bonds, which require 100% agreement to any writedown, they can either say no now or wait for the Greek government to insert a collective action clause in the existing bonds to force agreement. Either way, the CDS is triggered.
While it's hard to predict what will happen between now and then, it's worth noting the SPX over the last month is very similar to January 2010.
That's an interesting tidbit on hedge funds/CDS/debt...
The smart hedge fund guys really do their homework...
We may not like the idea of some firm exploiting loopholes, etc...but "it is what it is."
They didn't write some of the rules...but, they know them better than most.
And here's the money quote from the article cited above:
"According to a Government Accountability Office (GAO) report published in 2010, all the estimates on which pro-SOPA forces based their numbers – which became the justification for SOPA and PIPA – are from studies no one can find.
Though both the FBI and Customs and Border Protection are cited as primary sources of the studies – because, presumably, they'd paid to have them done and then published the results – it turned out that neither agency had ever done such a study and had no idea where the numbers came from."
And in a bit of double-irony...
While writing my Congressman on this issue, I'm listening to AWOLNATION "Not my Fault".... a song which I heard on AltNation on the SiriusXM radio this morning (Ch.36 where I am).
I listened to it a few times on youtube today ... probably some good copyright infringement going on there somewhere....
But, I BOUGHT the song of iTunes today along with "Sail"...there other tune that's out there.
LSS: If you really want to 'own' a song that's good... the easiest way is to fork over the $1.29 or $.69 in this case and just buy it...
Most people are willing to pay for shit that's good.
SPX kinds reminds me of Mar-May 2008...
Don't have up to the minute data on mutual funds but sure looks like they're still being sold. I'll add that I think the European dudes have been buying US markets for what they think is a safer trade. This crap may go on for a while, but I'm still buying SDS calls, and for a safety cushion still buying March. I have more time than they have $$$ to keep doing this... I think.
OT: I've basically been doing the same job for more than 2 decades now. What I've been seeing last 2-3 years is less efficiency. Seems the engineering is worse, online paperwork has quadrupled, parts ordered are the wrong type, and much, much more. It's turned into a viscious cycle of CYA and that's not my job type of mentality, or I'll get to it (which really means they wont get to it). Case in point... 35 equipment racks were ordered and shipped to this job, we'll use less than 1/2 of them. Of the racks we installed, they are being filled with the wrong equipment. New equipment is ordered but some has 3+ month lead time. The old (new) equipment will be packed up and put in storage (never to be used) then scrapped years later. Wrong expensive cable is ordered which we can't use but not sent back because they charge a 25% restocking fee and nobody wants that on their credit card statement (not easy to explain)... so the wire is stored never to be used. The safety climbing rail on one tower was installed upside-down but was signed off, nobody knows who's going to fix it. Most sub-contractors are afraid to make chang-orders because of the long drawn out paperwork process so not worth the troble most of the time. Many of the Govt employees want more and more because one of their co-workers got a little more of something. If they don't get it, well then they do less because they think they're worth more than their doing. It's fu[king crazy. I'll stop here because the list goes on forever... it's just insane to me seeing this happen week after week, month after month and seems it's not getting any better soon. (rant over)
Option pain for SPY is 125. The move beter happen soon or they'll be paying up big time on Friday.
@QQQQ, I thought SPX was like Mar-May 2008 back in early October, but I created an app to overlap those charts (see http://chartinsight.com for a sample chart), and the equivalent to May 19, 2008 would have been in early December, so that analogy has been busted by the ECB LTRO. It's hard to remember how long it took the Fed to lower rates to zero (Dec '08) and that the ECB _raised_ rates in Summer '08. The liquidity environment now is very different from '08, and while "pushing on a string" may not do much for the real economy, it keeps the markets up for a while.
The rally of the Oct 4th low has lasted longer than the March-June '09 rally and the Jul-Oct '09 rally. If this is like fall '06 or '10, then it is QE2infinity. But by this point off the low in both '06 and '10, the SPX was setting new 52 week highs. Also, there is the downtrend line from the '07 high to the '11 highs that is still overhead (at about 1330). The 2001 high (in January) was at the exact point with the lowest short interest, so maybe the market needs a repeat.
Either all of the option pain calculators don't work, or earnings will be WTE.
FWIW, Neely is calling for 2 month decline to start "very soon"... unless another count is in effect.
AT,
you raise (among many) a good Point, here:
"...The smart hedge fund guys really do their homework...
We may not like the idea of some firm exploiting loopholes, etc...but "it is what it is."
They didn't write some of the rules...but, they know them better than most..."
~~
Some of the most Intelligent individuals I've come across have been 'Hedgies'..
and, differently, it's one of things that 'chafes' me about the whole "OWS/1% v. 99%"-thing..
~" "They" wouldn't know/acknowledge 'Talent' when they see it.."
also, "They" would/could not accede that "They're" as addicted to OPM/'Deficits'/'Bailouts' as the '1%' "They" submit that "They're" 'against' ..
if that makes any sense~
AAIP
Quotage..
"Politicians never accuse you of ‘greed’ for wanting other people’s money—only for wanting to keep your own money."
-- Joseph Sobran
(1946-2010) Columnist
http://quotes.liberty-tree.ca/quote_blog/Joseph.Sobran.Quote.BA35
"Government exists to protect us from each other. Where government has gone beyond its limits is in deciding to protect us from ourselves."
-- Ronald Reagan
(1911-2004) 40th US President
http://quotes.liberty-tree.ca/quote_blog/Ronald.Reagan.Quote.A00D
"What’s “just” has been debated for centuries, but let me offer you my definition of social justice: I keep what I earn and you keep what you earn. Do you disagree? Well then, tell me how much of what I earn “belongs” to you -- and why?"
-- Walter Williams
http://quotes.liberty-tree.ca/quote_blog/Walter.Williams.Quote.A722
ibid.
add'l Quotage..
John C. Hylan, Mayor of NYC from 1918 to 1925.
"The little coterie of powerful international bankers virtually run the United States government for their own selfish purposes. They practically control both parties, write political platforms, make catspaws of party leaders, use leading men of private organizations and resort to every device to place in nomination for high public office only such candidates as will be amenable to the dictates of corrupt big business."
"They connive at centralization of government on the theory that a small group of hand-picked, privately controlled individuals in power can be more easily handled than in a larger group among whom there will most likely be men sincerely interested in public welfare."
ibid.
SKEW hasn't been this high since April 2011.
AmenRa,
that'd 'fit' into the 'Option Pain' #, yes?
(if it, the 'SPX', were to 'come back' to it (the OP #) by expiry..(Friday))
ibid.
S&P 500
1312.11
+4.07 +0.31%
NY Gold 1655.0 -4.9 -0.30
NY Silver 30.500 -0.043 -0.14
http://www.ino.com/
Market maker slogan "SPY 125 or else!". Balance sheet will take a major hit if we have to pay out. That is, unless Uncle Benny has our back.
Natural Gas 2.387 -0.129 -5.11
Younds!
sub-2.40..
http://www.eia.gov/dnav/ng/ng_pri_sum_dcu_nus_m.htm
http://www.eia.gov/dnav/ng/hist/n9190us3m.htm
look a the Spread that 'Residential'-users are paying..
http://www.eia.gov/dnav/ng/hist/n3010us3m.htm
!
AAIP
@Erik K.
Good to hear from you man.
Yeah, Neely definitely calling for a down move....
I'm on sidelines right now...lost several points trying to pick a top last few days...
I want to sell this thing very badly.
"...That these cafes are cash machines — and take in as much as $100,000 a week — is no secret to robbers.
And so, at 1 a.m. on April 19, three armed men tried to rob the place at a time when more than three dozen people were playing slot machine-type games on the cafe’s computer terminals. A security guard shot and killed one of the men; the other two fled and were being sought. A woman hiding in the cafe bathroom told a 911 operator that the robbery was happening in “the casino, in Apopka.”
The shooting death in a place that some customers call a casino has brought fresh scrutiny to Florida’s quickly multiplying “Internet sweepstakes cafes,” which now total nearly 1,000 statewide and are estimated to gross more than $1 billion this year, according to industry analysts, state legislators and their aides, and lawyers in the gambling industry.
It has also renewed calls by several county sheriffs for a statewide ban on the cafes’ games. They say the businesses are magnets for crime because they usually have large sums of cash on hand. Since nine sweepstakes cafes have opened in Seminole County, crimes at those addresses have increased 14 percent, according to data compiled by the sheriff’s office.
A bill was brought before the State Legislature this session that would have prohibited the games. Its proponents cite a host of concerns — worries about crime, compulsive gambling and morality. But the bill was rejected after an aggressive lobbying campaign by the companies that franchise some of the cafes. It did not help, industry critics say, that two state legislators own Internet sweepstakes cafes themselves.
Labeled by critics as “convenience casinos,” the cafes offer computerized “sweepstakes” games to customers who buy Internet time or phone cards. “Points” can be redeemed for cash, and jackpots are as high as $15,000, employees said..."
http://www.nytimes.com/2011/05/07/us/07sweepstakes.html?_r=1&pagewanted=all
Yo. What the hell happened to Google today?
Corner is up BTW.
n/m I was looking at AH numbers. Today was a dragonfly doji for GOOG.
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