Creditcane™: I have a headache from too much spinning.
SPXDoji day. Midpoint above EMA(10). Still above all SMA's. Tested and held the minor 38.2% retrace (1314.25). New high on daily 3LB (reversal is 1308.04). QE2infinity.
DXYBearish long day. Midpoint below EMA(10). Tested and failed the 50.0% minor retrace (79.96). Failing SMA(21). New low on daily 3LB (reversal is 81.35).
VIXHoming pigeon day. Midpoint below EMA(10). Failing all SMA's. Tested and failed its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 20.63).
GOLDBullish short day. Midpoint above EMA(10). Holding above its 50.0% retrace (1655.20). Holding above SMA(21). New high on daily 3LB (reversal is 1655.60). Still above monthly 3LB mid. Must have the precious.
EURUSDBullish long day. Midpoint above EMA(10). Tested and held SMA(21). Holding above its 0.0% retrace (1.2777). New high on daily 3LB (reversal is 1.2700).
JNKBullish short day. Midpoint above EMA(10). Tested and held SMA(233). Holding above its 61.8% retrace (38.86). New high on daily 3LB (reversal is 38.30).
10YR YIELDSpinning top day. Holding above SMA(89). Midpoint above EMA(10). Holding above its 0.0% retrace (18.96). No daily 3LB changes (reversal is 20.68).
WTIBullish long day. Tested and held SMA(55). Midpoint below EMA(10). Failing its 61.8% retrace (102.10). No dally 3LB changes (reversal is 103.12). Not confirming the monthly 3LB reversal down.
SILVERSpinning top day. Tested and held SMA(89). Midpoint above EMA(10). Tested and held its 38.2% minor retrace (31.85). New high on daily 3LB changes (reversal is 30.14).
BKXSpinning top day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 50.0% retrace (43.76). No daily 3LB changes (reversal is 42.08).
HYG/LQDBullish short day. Tested and held SMA(21). Midpoint above EMA(10). Holding above its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7908).
EUFNSpinning top day. Midpoint above EMA(10). Tested and held SMA(144). Holding above its 61.8% minor retrace (16.39). New high on daily 3LB (reversal is 14.43).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
16 comments:
Is this what they call a 'melt up' rally?
Geezo. What a bear meat grinder.
Andy T
Don't remind me.
http://www.zerohedge.com/contributed/want-raise-vote-it-swiss-do
Want a Raise? Vote on it! The Swiss do.
What is funny is the "headlines" about the possible upcoming pressure on the SNB.
1325 is an 18 fib number... SPX traded above then below it maybe 15 times last year... just saying
ok, about two sheets to the wind now so should have said traded above then below it maybe 7 times.. agree on the bear meat grinder, what few there are now.
http://online.wsj.com/article/SB10001424052970203806504577178911281720928.html?mod=ITP_pageone_3
LISBON—Investors, economists and politicians are increasingly concerned that Portugal will need a second bailout as fears mount that it won't be able to return to markets for financing next year.
...Greece II. These little piggies are going to market...
While the Portuguese government's finances are covered this year as long as it abides by its bailout agreement, Portugal must regain full access to capital markets next year to help repay €9 billion ($11.64 billion) in debt coming due in September 2013.
@Bruce (& the WSJ)
You're about three steps behind with that...
It will be very difficult for Portugal to follow a Greek model due to the governing courts on seniorage...
http://www.zerohedge.com/news/portugal-reenters-bailout-radar-traders-realize-greek-bailout-model-not-feasible-here
Now the REAL question to ask is this... As it follows more towards "the core", who holds jurisdiction?
"Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration."
---
odd & ironic quote coming from a TRADING blog...
all those glorious "misallocations" to fuss over...
Quotage..
"The limits of tyrants are prescribed by the endurance of those whom they oppress."
-- Frederick Douglass
[Frederick Baily] (1818-1895), escaped slave, Abolitionist, author, editor of the North Star and later the New National Era
Source: 1857
http://quotes.liberty-tree.ca/quote_blog/Frederick.Douglass.Quote.8671
ibid.
cv: i like being odd and ironic....
indubitably
Andy - I find it odd that you like to be ironic...Or maybe I find it ironic you like to be odd...Does that make you ironicly odd or oddly ironic......
Mangy Mutt
Somewhere... Someone is saying...
"If the valuations aren't misallocated now, well, we'll make them to be that way in a minute"...
Ugh. F'in market. Keeps moving up on lower volume. What is this? A bear stress test?
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