Creditcane™: Why won't you let me run wild for two days in a row?
SPXBullish harami day. Midpoint below EMA(10). Tested and failed SMA(21). Still failing the 61.8% minor retrace (1343.55). No daily 3LB changes (reversal is 1304.86). QE2infinity.
DXYSpinning top day. Midpoint above EMA(10). Holding above the 38.2% minor retrace (81.70). Tested and held SMA(21). No daily 3LB changes (reversal is 81.38).
VIXSpinning top day. Midpoint below EMA(10). Tested and failed SMA(55,144). Tested and failed its 50.0% minor retrace (20.22). No daily 3LB changes (reversal is 26.66).
GOLDBearish short day. Midpoint below EMA(10). Still failing its 61.8% retrace (1600.40). Still failing all SMA's. No daily 3LB changes (reversal is 1559.40). Must have the precious.
EURUSDDoji day. Midpoint below EMA(10). Tested and failed SMA(21). Still failing its 38.2% minor retrace (1.2710). No daily 3LB changes (reversal is 1.2699).
JNKHanging man day. Midpoint above EMA(10). Tested and failed SMA(144). Tested and held its 61.8% retrace (38.86). No daily 3LB changes (reversal is 37.59).
10YR YIELDBullish short day. Tested and held SMA(21). Midpoint below EMA(10). Holding above its 0.0% retrace (14.71). No daily 3LB changes (reversal is 17.65).
WTIHammer day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 0.0% retrace (81.14). No dally 3LB changes (reversal is 83.00).
SILVERBearish short day. Failing all SMA's. Midpoint below EMA(10). Holding above its 100.0% retrace (26.60). No daily 3LB changes (reversal is 29.49).
BKXSpinning top day. Midpoint below EMA(10). Tested and held SMA(21). Tested and held its 50.0% retrace (43.76). No daily 3LB changes (reversal is 45.55).
HYG/LQDBearish short day. Tested and failed SMA(55). Midpoint above EMA(10). Holding above its 61.8% minor retrace (0.7643). No daily 3LB changes (reversal is 0.7646).
COPPERSpinning top day. Midpoint below EMA(10). Still failing all SMA's. Holding above its 38.2% minor retrace (3.287). No daily 3LB changes (reversal is 3.434).
AAPLSpinning top day. Tested and failed SMA(89). Midpoint below EMA(10). Still failing its 50.0% minor retrace (577.84). No daily 3LB changes (reversal is 587.41).
CRBBullish short day. Midpoint above EMA(10). Tested and held SMA(21). Still failing its 38.2% minor retrace (277.27). No daily 3LB changes (reversal is 275.05).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
3 comments:
Interesting site w/info on sovereign 2,5,10yr yields and cds price changes over 1,5 & 30 days: http://www.cds-info.com/
The cds prices have links to Bloomberg charts if you want to look at older prices.
VIX has been higher than VXX since 4/25/12. What exactly does that infer?
Merkel Rebuffs Rajoy Plea, Shuts Door to Euro Area Bonds
German Chancellor Angela Merkel shut the door to joint euro-area bonds as a means of lowering Spain’s borrowing costs, saying they are the “wrong way” to achieve the greater European integration needed to stem the debt crisis.
Speaking three hours after Spanish Prime Minister Mariano Rajoy made a plea for help from tomorrow’s European summit, Merkel said that euro bonds, euro bills and debt redemption funds are unconstitutional in Germany and economically “wrong and counterproductive.”
“I fear that at the summit there will be much too much talk about mutual liability and far too little about improved oversight and structural measures,” Merkel told lower-house lawmakers in Berlin today. “Oversight and liability have to go hand in hand. There can only be joint liability when adequate oversight is ensured.”
Merkel is under growing pressure from her European and global counterparts to soften her opposition to debt sharing in the euro area and do more to cut borrowing costs for Spain and Italy. Rajoy, outlining his goals for the two-day European Union summit beginning in Brussels tomorrow, said that Spain can’t go on financing itself at current borrowing rates for long.
“The most important thing today is being able to finance ourselves in the markets, that’s the main issue,” Rajoy said in Parliament in Madrid. “And on that point Spain, Italy and other countries are going to push for reasonable decisions to be made,” using the “available instruments.”
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