Creditcane™: "The things that go bump in the night are actually running from me."™
SPX
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held the 0.0% retrace (1359.44). Daily 3LB reversal down (reversal is 1374.09). QE2infinity.
DXY
Spinning top day. Midpoint above EMA(10). Holding above the 38.2% retrace (78.43). Tested and held SMA(89). No daily 3LB changes (reversal is 79.67).
VIX
Bearish short day (confirmed bullish harami). Midpoint above EMA(10). Tested and failed SMA(21). Tested and fialed its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 21.14).
GOLD
Spinning top day. Midpoint below EMA(10). Failing its 38.2% retrace (1721.30). Tested and held SMA(89). New low on daily 3LB (reversal is 1786.30). Still above monthly 3LB mid. Must have the precious.
EURUSD
Spinning top day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and failed its 61.8% minor retrace (1.3236). No daily 3LB changes (reversal is 1.3063).
JNK
Bearish short day. Midpoint below EMA(10). Tested and held SMA(21). Tested and held its 38.2% minor retrace (39.62). New low on daily 3LB (reversal is 40.08).
10YR YIELD
Bullish short day. Tested and held SMA(89). Midpoint above EMA(10). Holding above its 0.0% retrace (18.96). No daily 3LB changes (reversal is 20.47).
WTI
Spinning top day. Still above all SMA's. Midpoint above EMA(10). Failing its 38.2% minor retrace (107.86). No dally 3LB changes (reversal is 106.25). Not confirming the monthly 3LB reversal down.
SILVER
Bearish short day. Tested and failed SMA(21,144). Midpoint below EMA(10). Failing its 61.8% retrace (35.41). No daily 3LB changes (reversal is 33.44).
BKX
Bearish short day. Midpoint above EMA(10). Tested and failed SMA(21). Holding above its 50.0% retrace (43.76). Daily 3LB reversal down (reversal is 45.79).
HYG/LQD
Bearish long day. Tested and failed SMA(89). Midpoint below EMA(10). Tested and failed its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7908).
COPPER
Spinning top day. Midpoint above EMA(10). Tested and failed SMA(21). Tested and held its 50.0% retrace (3.839). No daily 3LB changes (reversal is 3.987).
AAPL
Bearish long day. Still above all SMA's. Midpoint above EMA(10). Tested and failed its 0.0% retrace (547.61). Daily 3LB reversal down (reversal is 545.18).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
37 comments:
What's it liked to be the guy being chased by the white bear in that picture....
I'd be shitting myself....
"The things that go bump in the night are actually running from me."
Classic. I'd trademark that one if it's original...
This reason article cuts through the bullshit of the whole limbaugh/fluke deal...
That guy was a jackass for the language he used...I think Rush is a bully and jackhole in general. But this "smart" law student is sort of stupid to spend $3K over a summer to get laid...
There are cheaper ways to prevent pregnancy....
http://reason.com/archives/2012/03/05/rush-limbaughs-slut-comment-is-a-red-her
Andy T
Polar bears can get to 25mph when chasing prey. Pray you don't slip.
nice link Andy
http://www.foxnews.com/politics/2012/03/05/holder-defends-killings-american-citizens-overseas-in-war-on-terrorism/?test=latestnews
Holder defends killings of American citizens overseas as part of war on terrorism
"
Instead the attorney general outlined a three-part test for determining when a targeted killing against a U.S. citizen is legal. He said the government must determine after careful review that the citizen poses an imminent threat of violent attack against the U.S., capture is not feasible and the killing would be consistent with laws of war.
The Obama administration has refused to release the Justice Department legal opinion on al-Awlaki's killing under the Freedom of Information Act and is in court opposing efforts to have it made public.
Responding to criticism from civil libertarians, Holder flatly rejected the suggestion that the Constitution's due process protections require the president to get permission from a federal court before taking lethal action."
....Sigh....
that VIX-Chart looks like it's fixin' to 'Rocket-shot'(up) .. no?
http://finviz.com/quote.ashx?t=AAPL
~533.16
'big Day', tomorrow, for the 'Bulls', yes?
anymore d-side, from here, looks like sub-500 comes, readily, 'into Play'..
AAIP
that March 7th 'announcement' is looking, more and more, like a 'Sell the News'-event..
AAIP
AAPL announcement on 3/7 will be used to deflect news away from talking about the coming PSI results.
I am a single guy in his late 20s. I work from dark until dark every day managing large bond portfolios with my colleagues. I come home completely exhausted. I catch up on sleep on the weekends. My boss wants me to work even more. I knew it was going to be a big commitment before taking the job and I am well compensated. I don't want/deserve any pity.
But, I'm jealous of Ms. Fluke. She gets to fuck all the time in the safety provided by the taxes I pay. I get to sleep and work.
Rush was out of line. There is never justification to be nasty to another person. But maybe some of these entitlement junkies could be a little more sensitive when demanding entitlement benefits from someone who has a snowball's chance in hell of getting laid on his current schedule.
:D
Cheers
AmenRa,
what do you mean by: "...deflect news away from talking about the coming PSI results..." ?
AAIP
AAIP
The Greek Private Sector Involvement aka private bondholders.
AmenRa,
right, hear you, now..
~~
http://finviz.com/quote.ashx?t=SODA&ty=c&ta=0&p=w
and, here I thought that SODA was making a 'run for it' (not really)..
~~
http://finviz.com/quote.ashx?t=AZO&ty=c&ta=0&p=w
~385.22
was, definitely, Incorrect on 'thinking' AZO was 'fixin' to Crack..'
~~
same w/:
http://finviz.com/quote.ashx?t=MNST&ty=c&ta=0&p=w
former HANS, now ~57+ (split-adjusted ~114)
AAIP
http://www.forbes.com/sites/etfchannel/2012/03/01/qid-large-inflows-detected-at-etf-2/?partner=yahootix
QID: Large Inflows Detected at ETF
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Proshares UltraShort QQQ (AMEX: QID) where we have detected an approximate $58.0 million dollar inflow — that’s a 10.0% increase week over week in outstanding units (from 17,232,771 to 18,957,771).
http://www.bloomberg.com/news/2012-03-06/u-s-stock-index-futures-drop-as-european-economy-shrinks-verifone-falls.html
U.S. Stock-Index Futures Decline as European Economy Shrinks
“The mood has switched from debt to growth,” Richard Hunter, head of U.K. equities at Hargreaves Lansdown Plc in London, wrote in e-mailed comments. “After a strong start to the year, markets are now struggling to identify the next positive catalyst in order to maintain the momentum.”
The euro area’s economy contracted in the fourth quarter as investment declined the most since 2009 and exports and consumer spending also dropped. Gross domestic product declined 0.3 percent from the third quarter, the European Union’s statistics office said today, confirming an initial estimate published on Feb. 15. Exports fell 0.4 percent after a 1.4 percent gain in the previous three months, while household spending slid 0.4 percent and investment dropped 0.7 percent.
China Target
The S&P 500 (SPX) has fallen for two days after closing at the highest level since 2008 on March 1. Yesterday China cut its economic growth target and orders to American factories decreased for the first time in three months."
Andy - After living life for so many years, there are a few tricks one picks up and the secret to out running a polar bear is being faster than someone...Anyone.
Mutt
Haven't seen futures this red in a long time. Will it carry over and last more than 15-30 minutes before reversing?
WTi getting slammed. Gold getting slammed. EURCHF continues to test 1.20. Maybe the realization that the bondholders won't give in on the Greek PSI has finally sunk in.
Ruh roh. AAPL gapped lower at the open. A real gap as the shadows don't overlap.
@Matthew,
Fluke, in the interviews I've heard do in the last few weeks, seems to really be making a claim less for women that want to have sex and more for women that are advised to use birth control for other medical issues.
I don't know how common it is for women to need birth control for such things but G-town undergrad is roughly 8,000 kids it looks like. I'm guessing the law school is even less, it looks like its something between 600 and 2,500 students between full and part-time, I didn't dig too deep, but maybe half of those are women?
https://officialguide.lsac.org/Release/SchoolsABAData/SchoolPage/SchoolPage.aspx?sid=54
So my guess is that the the number of women driving some of Fluke's claims about a need for BC for other medical conditions is less than 100. anyone that's actually had sex in the last decade, and as was demonstrated in the article AT linked, knows that there is no way you'd need to spend that much money on BC as she is claiminig, even if you don't have insurance.
Anyway, this comment:
"There is never justification to be nasty to another person."
is quite curious, Blowhard rush limbaugh aside....do you honestly believe that to be true in all circumstances? I certainly don't.
"There is never justification to be nasty to another person."
I call: "Crockage"
see some of..
http://search.yippy.com/search?query=Shunning&tb=sitesearch-all&v%3Aproject=clusty
"Social Mores" Need to be enforced..
for, whatever 2 Pesos are, now *Worth.. ~
AAIP
http://www.bloomberg.com/news/2012-03-06/s-p-blocked-in-cmbs-after-derailed-goldman-sachs-deal-mortgages.html
S&P Blocked by Banks in CMBS Market After Derailed Goldman Deal: Mortgages
Standard & Poor’s is frozen out of the commercial-mortgage bond market by the biggest underwriters after derailing a $1.5 billion sale by Goldman Sachs Group Inc. (GS) and Citigroup Inc. last July.
Since then, those banks along with JPMorgan Chase & Co. (JPM), Deutsche Bank AG and Morgan Stanley have bypassed S&P’s credit ratings as they issued $11.3 billion of debt linked to skyscrapers, shopping malls and hotels, according to data compiled by Bloomberg. They’re turning to Kroll Bond Ratings Inc. and Morningstar Inc. (MORN) after S&P, the world’s largest credit- rating company, forced bankers to pull an offering they’d already committed to sell, roiling the $600 billion market.
“S&P no doubt suffered an extraordinary loss of credibility in this area that will take time and some restructuring to repair,” said Chris Sullivan, who oversees $1.9 billion as chief investment officer at United Nations Federal Credit Union. “It utterly surprised people.”
Wall Street banks and investors are demonstrating the possibility of competition in the ratings business, even as regulators struggle to break S&P, Moody’s Investors Service and Fitch Ratings’ stranglehold on other bond markets. Four years after the three firms were blamed by regulators for fueling the financial bubble by inflating their grades for toxic mortgage securities, they provide 97 percent of all credit ratings, the Securities and Exchange Commission said in a September report.
In other words Who's your daddy!!!
SPX blew through the weekly 3LB mid like a hot knife through butter. It has tested and is holding above the weekly 3LB reversal price.
Today's a good ex. of..
will say ~iffin' you're looking for some 'Elevator Drop', isn't it better to be "Short", beforehand?
though, wouldn't be surprised if 'we' End the Day, ~at these levels..
ibid.
this is what I was expecting with AZO..
http://finviz.com/quote.ashx?t=SMP
ibid.
AAIP
The elevator cable holds on the initial drop. It's when the passengers think it's safe that the cable finally breaks.
EURUSD @ 1.3000: the force is strong with this one.
gold down 35 fiats/ounce...
http://www.youtube.com/capitalaccount#p/a/f/2/apUzsoY3YyQ
more, that should be seen/heard..
~11:00 minutes
AAIP
That gap higher in the VIX has it back in the fear zone (>20) and also testing its weekly 3LB reversal price (20.73).
http://www.dailywealth.com/images/charts/2009/oct/20091017-chart_b.gif
http://finance.yahoo.com/blogs/breakout/bank-recovery-only-just-begun-dick-bove-185634349.html?l=1
Bank Recovery Has Only Just Begun: Dick Bove
Will he ever STFU????
I think Bove wouldn't know how to STFU, even, if it taped his mouth shut..
~~
speaking of 'Shiny'..
http://finviz.com/futures_charts.ashx?t=SI
~32.91
seems like it's 'looking for' ~30..(for now)
It was me, I admit it.
http://www.zerohedge.com/news/silver-catching-golds-cold#comment-2228363
http://finviz.com/futures_charts.ashx?t=NG
~9 months, more than 2x Today's Price ~!
now ~2.3450
less than a Gallon of Gasoline..wow..
ibid.
~9 months
~9 months ago..
Random Weblof Syntax Adder.. said...
Weblog, that was supposed to be..
You're supposed to be focused on little paper electronic tickets that tell you how much equity in AAPL you own, (aka, your share of Foxconn employees plunging to their deaths, for your profit).
Pay no attention to the volumes of paper I can stack against the NG market whilst I corner the physical supply as you're busy texting messages about chart movements to your friends.
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