"It's too late. There is no escape."
Creditcane™: Yo hablo español ahora.
SPXBearish short day. Midpoint above EMA(10). Tested and held SMA(21). Holding above the 38.2% retrace (1296.82). No daily 3LB changes (reversal is 1332.42). Back below weekly 3LB mid. QE2infinity.
DXYBearish long day. Midpoint below EMA(10). Failing the 0.0% retrace (83.11). Tested and failed SMA(21). No daily 3LB changes (reversal is 83.04).
VIXBullish long day. Midpoint above EMA(10). Tested and held SMA(21). Holding above its 38.2% minor retrace (21.62). No daily 3LB changes (reversal is 21.03).
GOLDSpinning top day. Midpoint above EMA(10). Holding above its 61.8% retrace (1600.40). Tested and failed SMA(55). No daily 3LB changes (reversal is 1559.40). Must have the precious.
EURUSDBullish short day. Midpoint above EMA(10). Tested and held SMA(21). Holding above its 0.0% retrace (1.2363). No daily 3LB changes (reversal is 1.2368).
JNKSpinning top day (also bearish harami). Midpoint above EMA(10). Tested and held SMA(21). Tested and held its 50.0% retrace (38.24). No daily 3LB changes (reversal is 38.69).
10YR YIELDBearish engulfing day. Tested and failed SMA(21). Midpoint above EMA(10). Holding above its 0.0% retrace (14.67). No daily 3LB changes (reversal is 17.65).
WTIBearish short day. Still failing all SMA's. Midpoint below EMA(10). Failing its 38.2% minor retrace (85.75). New low on dally 3LB (reversal is 86.53).
SILVERSpinning top day. Holding above SMA(21). Midpoint above EMA(10). Failing its 61.8% minor retrace (30.00). No daily 3LB changes (reversal is 27.20).
BKXBullish short day. Midpoint above EMA(10). Tested and held SMA(21). Tested and failed its 50.0% retrace (43.76). No daily 3LB changes (reversal is 41.00).
HYG/LQDSpinning top day. Tested and failed SMA(21). Midpoint above EMA(10). Tested and failed its 50.0% minor retrace (0.7592). No daily 3LB changes (reversal is 0.7388).
COPPERSpinning top day. Midpoint below EMA(10). Failing all SMA's. Tested and failed its 50.0% minor retrace (3.352). No daily 3LB changes (reversal is 3.379).
AAPLSpinning top day. Holding above SMA(89). Midpoint above EMA(10). Tested and failed its 50.0% minor retrace (577.84). No daily 3LB changes (reversal is 560.99).
BACBullish short day. Midpoint above EMA(10). Tested and held SMA(144). Tested and held its 61.8% minor retrace (7.36). No daily 3LB changes (reversal is 6.83).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
12 comments:
This might have been going around you trading desk today:
http://www.roche.com/corporate_responsibility/society/community/childrenswalk.htm
When you see it, try not to laugh too hard
Oddly enough the workers who handle the voting in Greece will be on strike.
Matthew
Watering the plants takes on a new meaning.
Captain she's about to blow: http://www.bloomberg.com/quote/GSPG10YR:IND
Spain 10yr currently 6.979% (hit a high of 6.998% earlier).
Weekly claims 386k prior 380k (revised from 377k).
EU & Extended -135k
CPI m/m -0.3, y/y 1.7
Core CPI m/m 0.2, y/y 2.3
Spain 10yr 6.922% +0.168
Futures pushing higher of more hope of QE. Bwahahahaha!
Odd that only the US 10yr yield is up while the 5yr & 30yr yields are lower.
n/m seems that oddity was quickly rectified.
Market goes apeshit over BB Consumer Confidence. Suckers.
nice front page article on WSJ today....about 700mm/day leaving greek banks....
Pretty soon there will literally be NO money left there.
Rumors of central bank intervention if the "elections" don't go the way they want them to.
I wonder if they realized shorts weren't covering and were salivating instead...
Why even bother doing any form of analysis if you're at the whim of QE announcements 24/7?
BUT they didn't get a daily 3LB reversal up so maybe there's some value to TA :-)
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