"Hey, what happened to you?""One word: Bernanke"
Creditcane™: My mind is playing tricks on me. Spin left or spin right?
SPXBullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above the minor 38.2% retrace (1314.25). New high on daily 3LB (reversal is 1313.01). QE2infinity.
DXYSpinning top day. Midpoint below EMA(10). Tested and held the 38.2% retrace (78.43). Tested and failed SMA(89). No daily 3LB changes (reversal is 79.58).
VIXBullish short day (closed window). Midpoint below EMA(10). Failing all SMA's. Failing its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 19.87).
GOLDSpinning top day. Midpoint above EMA(10). Tested and held its 38.2% retrace (1721.30). Still above all SMA's. No daily 3LB changes (reversal is 1759.30). Still above monthly 3LB mid. Must have the precious.
EURUSDSpinning top day. Midpoint above EMA(10). Holding above SMA(55). Tested and held its 61.8% minor retrace (1.3222). New high on daily 3LB (reversal is 1.3110).
JNKSpinning top day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 38.2% minor retrace (39.62). New high on daily 3LB (reversal is 39.15).
10YR YIELDBearish short day. Tested and held SMA(55). Midpoint above EMA(10). Holding above its 0.0% retrace (18.96). New high on daily 3LB (reversal is 18.13).
WTISpinning top day. Tested and failed SMA(21,55). Midpoint above EMA(10). Tested and held its 50.0% retrace (97.71). Dally 3LB reversal up (reversal is 96.36). Not confirming the monthly 3LB reversal down.
SILVERSpinning top day. Holding above SMA(89). Midpoint above EMA(10). Holding above its 38.2% minor retrace (31.85). No daily 3LB changes (reversal is 33.79).
BKXBullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 50.0% retrace (43.76). New high on daily 3LB (reversal is 43.61).
HYG/LQDBearish short day. Tested and failed SMA(21). Midpoint below EMA(10). Tested and faield its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7908).
USDJPYSpinning top day. Midpoint above EMA(10). Tested and held SMA(21). HOlding above its 38.2% retrace (76.395). No daily 3LB changes (reversal is 75.52).
TLTSpinning top day. Midpoint below EMA(10). Failing SMA(89). Holding above its 61.8% minor retrace (115.56). No daily 3LB changes (reversal is 123.87).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
13 comments:
SPX overextended? ... no?
QQQ
Between the SPX, Dow and Nasdaq, only the SPX hasn't taken out the highs from May 2011.
Then again, I was reading an article at financialsense.com that stated since machines are doing 75% of the trading then fundamentals or TA doesn't really matter. The only thing that matters is how the algorithm is programmed.
This is the link: http://www.financialsense.com/contributors/cris-sheridan/markets-murmurations-machines
Markets, Murmurations, and Machines
AmenRa,
that was a good Article..
Thanks for the 'point-out'~
AAIP
""AmenRa,
that was a good Article..""
... X2
let's... guess the next bubble
Displacement: A displacement occurs when investors get enamored by a new paradigm, such as an innovative new technology or interest rates that are historically low.
Boom: Prices rise slowly at first, following a displacement, but then gain momentum as more and more participants enter the market, setting the stage for the boom phase. During this phase, the asset in question attracts widespread media coverage.
Euphoria: During this phase,caution is thrown to the wind, as asset prices skyrocket. The "greater fool" theory plays out everywhere.
Profit Taking: By this time, the smart money – heeding the warning signs – is generally selling out positions and taking profits.
Panic: In the panic stage, asset prices reverse course and descend as rapidly as they had ascended. Investors and speculators, faced with margin calls and plunging values of their holdings, now want to liquidate them at any price. As supply overwhelms demand, asset prices slide sharply.
FAA: Look For 30,000 Drones To Fill American Skies By The End Of The Decade
Market not happy about the Greece deal? Sell the news? 30 year auction?
The Bear is a new instant classic ....
The SPX has been tracking the trend line using the highs of 12/7/11 & 1/26/12.
Watching the Obama press conference on the mortgage settlement...
Shaking head.
"innocent Americans"...."lost their stake in the American Dream."
Since when does owning a home fit into the American dream.
It's a depreciating asset and its debt.
guess i wasn't the only one who thot the eastwood/"halftime in america" commercial was a bit overwrought and jingoistic.
http://reason.com/archives/2012/02/08/obamas-halftime-hypocrisy
that eastwood Commercial reminds me of when they trotted out Jack Buck, then ~108 years old, on 17 Sept 001..
to croak out "Should we be playing Baseball?..."
http://bleacherreport.com/articles/256219-september-17th-2001-jack-bucks-tribute-to-baseball-and-america
ibid.
overwrought
x2
AAIP
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