"The path of the righteous man is beset on all sides by the iniquities of the selfish and the tyranny of evil men. Blessed is he who, in the name of charity and good will, shepherds the weak through the valley of darkness, for he is truly his brother’s keeper and the finder of lost children. And I will strike down upon thee with great vengeance and furious anger those who would attempt to poison and destroy My brothers. And you will know My name is CDS when I lay My vengeance upon thee."
Creditcane™: No, this is not a dream. And you cannot wake from it.
SPXBearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and failed the 0.0% retrace (1359.44). New low on daily 3LB (reversal is 1374.09). QE2infinity.
DXYBullish long day (confirmed bearish thrusting). Midpoint above EMA(10). Tested and held the 61.8% minor retrace (79.60). Tested and held SMA(55). Daily 3LB reversal up (reversal is 78.27).
VIXSpinning top day. Midpoint above EMA(10). Tested and held SMA(55). Tested and held its 50.0% minor retrace (20.22). No daily 3LB changes (reversal is 21.14).
GOLDBearish long day. Midpoint below EMA(10). Failing its 38.2% retrace (1721.30). Tested and failed SMA(55,89). New low on daily 3LB (reversal is 1711.30). Still above monthly 3LB mid. Must have the precious.
EURUSDBearish long day (confirmed bullish thrusting). Midpoint below EMA(10). Failing SMA(21). Tested and failed its 50.0% minor retrace (1.3148). No daily 3LB changes (reversal is 1.3063).
JNKBearish long day. Midpoint below EMA(10). Failing SMA(21). Failing its 38.2% minor retrace (39.62). New low on daily 3LB (reversal is 39.88).
10YR YIELDBearish short day. Tested and failed SMA(21,55,89). Midpoint below EMA(10). Holding above its 0.0% retrace (18.96). No daily 3LB changes (reversal is 20.47).
WTIBearish long day. Still above all SMA's. Midpoint below EMA(10). Failing its 38.2% minor retrace (107.86). Dally 3LB reversal down (reversal is 109.77). Not confirming the monthly 3LB reversal down.
SILVERBearish long day (completed three black crows). Tested and failed SMA(144). Midpoint below EMA(10). Failing its 61.8% retrace (35.41). Daily 3LB reversal down (reversal is 37.20).
BKXBearish long day. Midpoint below EMA(10). Failing SMA(21). Tested and held its 50.0% retrace (43.76). New low on daily 3LB (reversal is 45.79).
HYG/LQDBearish long day. Tested and failed SMA(89,144). Midpoint below EMA(10). Failing its 38.2% retrace (0.7808). New low on daily 3LB changes (reversal is 0.7857). Took 34 days before trending down on the daily 3LB.
USDJPYBearish long day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 61.8% retrace (81.430). No daily 3LB changes (reversal is 80.21).
EEMBearish short day. Midpoint below EMA(10). Dived below SMA(21). Dived below its 61.8% retrace (43.48). New low on daily 3LB (reversal is 44.75).
AAPLSpinning top day. Still above all SMA's. Midpoint below EMA(10). Failing its 0.0% retrace (547.61). New low on daily 3LB (reversal is 545.18).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
Introducing the Greek creditors who are choosing to hold out of the PSI.
18 comments:
Gettin to be close to the time that this one goes back in the queue.
$SILVER:$GOLD
http://stockcharts.com/h-sc/ui
whadda ya say about "May" for a golden cross?
I just traded in the Ferrari
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/02/20120306_Hampton1.png
San Francisco would win the next 3 Super Bowls...
RBOB is currently confirming a bearish harami on the weekly chart after already confirming a bearish harami on the daily chart.
http://quotes.ino.com/exchanges/contracts.html?r=NYMEX_RB
personally, I was, somewhat, surprised that it hit ~3 1/4..
didn't think it'd get that deep over ~3..
but, notice the 'backwardization'..
always Sweet~ to get 'doubly' Hosed, at the Pump..
and, I don't know about all y'all, but the Station, down the street, doesn't, even, provide a 'reach-around', let alone 'clean the Windshield'..
~~
Backwardation
A market condition in which futures prices are lower in the distant delivery months than in the nearest delivery month. This may occur when the costs of storing the product until eventual delivery are effectively subtracted from the price today. The opposite of contango.
Copyright © 2011, Campbell R. Harvey. All Rights Reserved.
http://financial-dictionary.thefreedictionary.com/Backwardization
ibid.
http://search.yippy.com/search?query=%27reach-around%27+definition&tb=sitesearch-all&v%3Aproject=clusty
and, yes, it does amaze me..how popular that 'Term' has become..
take note, yon' Students of 'Socionomics'..~
ibid.
why oh why did I only nibble on SDS yesterday... this downturn today, only a hiccup?
may-be we print (18's) 1244 with-in weeks... possible?
in one day we get a visit from the etrade baby and barry... wow
...back to my mini-vacation
s&p500 ... not good.
trying to hold the second support level of 1337 after 'sliding' through 1352....sort of looks like 'breakdown' in progress.
Rollover Week, II
We are seeing gold hammered this morning, and although our linkage between gold and the Dow isn't perfect, if you've been popping the ginko pills for your memory, you may recall the alchemical view that: "If gold goes down, the dollar goes up, ergo, it takes less dollars to buy the Dow, so the Dow should fall." Futures prices seem to hint down 90-100 at the open. Though for "rollover" this is really just foreplay.
The real "line in the sand" Robin Landry and others tell me is way down around 1,313 to 1,300 on the S&P - and while that's a good ways down, a move below that would mean that from 2007/2008 down into 2009 would be wave one down, the bounce from 2009 to now a wave 2 and the BIG THREE DOWN could take out the 6,627 Dow and maybe spike down to Dow 4,400 or so. Naturally, this is not advice, just numbers to watch as the pucker factor comes along later in the week possibly.
When I looked earlier, the Dollar was up vis-à-vis the Euro (like that's a surprise, huh?) and that drove down gold which was down as much as $21 earlier. And on places like TraderTalk you can find indicators like this one which are getting around to what we've been pointing as in the charts over at Peoplenomics: Might be time to exit to government bonds about now, although this is not investment advice...."
"...The real "line in the sand" Robin Landry and others tell me is way down around 1,313 to 1,300 on the S&P - and while that's a good ways down, a move below that would mean that from 2007/2008 down into 2009 would be wave one down, the bounce from 2009 to now a wave 2 and the BIG THREE DOWN could take out the 6,627 Dow and maybe spike down to Dow 4,400 or so..."
http://urbansurvival.com/week.htm
that make 'Sense' to anybody?
AAIP
that was from..
Tuesday March 6, 2012 7:55AM CST
ibid.
...CoreLogic January Home Price Index (HPI®) report] shows national home prices, including distressed sales, declined on a year-over-year
Notes: This CoreLogic House Price Index report is for January. The Case-Shiller index released last week was for December. Case-Shiller is currently the most followed house price index, however CoreLogic is used by the Federal Reserve and is followed by many analysts. The CoreLogic HPI is a three month weighted average of the last three months and is not seasonally adjusted (NSA).
Andy - Last night on NatGeo they had a show about polar bears, those are pretty fierce animals they showed them hunting walrus and the chances of someone out running one, is pretty slim.
Mutt
4Q - That is quite a shocker that home prices are still declining, ok the shock is not that they are declining, but people are finally admitting it.
Of course they are working on plans to keep people tied to their overly expense homes, so the prices don't come down any more.
Mutt
Mutt
...as long as you're faster than the next man you should be alright :-)
Mutt, the real shocker is a couple years ago I remember seeing TV ads "Now! is the best time to buy a house with the interest rates so low and not much down will get you into your dream house" ... wonder how them peeps are doing?
this may still go on for years. I sent Andy a chart I made long ago, think he posted it, anyway I'll try to update it this weekend if I can find the time.
a few weeks old...
Student Loan Debt Hits Home for Bernanke.
The most interesting anecdote to come out of Federal Reserve Chairman Ben Bernanke‘s semiannual testimony to Congress: His son, who is in medical school in New York, is likely to rack up $400,000 of student loan debt in the process of getting his degree.
Bloomberg News
Ben S. Bernanke, chairman of the U.S. Federal ReserveThe rapid growth of U.S. student loan debt, Mr. Bernanke said, required “careful oversight” from regulators.
The student loan tidbit wasn’t the only piece of “regular guy” information Mr. Bernanke divulged in today’s hearing. He also said he does his own grocery shopping.
As the Wall Street Journal reported in December, Mr. Bernanke has a $672,000 mortgage on the three bedroom townhouse he owns near Capitol Hill. He has refinanced that mortgage two times, most recently last September. Fortunately for him, his income-generating capacity is high, considering the book and speaking fees he has the potential to command when his term at the Fed is up in 2014.
" his term at the Fed is up in 2014. "
this when the economy turns for the better .. or will we be past the point of no return by then?
AAPL didn't add much to the algo shenanigans. The Fed (using it's b&*^h I mean mouthpiece Hilsenrath) to indicate a possible sterilized QE type of program juiced the algos a little. The fear of a failed PSI doesn't seem to bother the algos (just yet...but I'd wait until 1PM EST).
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