Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
SPX
Spinning top day (didn't confirm gravestone doji). Midpoint below EMA(10). Tested and held SMA(55). Still failing the 0.0% retrace (1463.76). Daily 3LB reversal down (reversal is 1465.77). QE2infinity. Still below the trend line and now has failed the other trend line.
DXY
Bearish short day. Midpoint below EMA(10). Still failing the 38.2% retrace (79.97). Tested and held SMA(21). No dally 3LB changes (reversal is 79.27).
VIX
Bullish short day. Midpoint above EMA(10). Tested and held SMA(55). Holding above its 0.0% retrace (14.27). No daily 3LB changes (reversal is 13.88).
GOLD
Bearish short day. Midpoint below EMA(10). Holding above its 38.2% retrace (1730.90). Tested and failed SMA(21). New low on daily 3LB (reversal is 1783.30). Must have the precious.
EURUSD
Bullish short day. Midpoint above EMA(10). Tested and failed SMA(21). Still failing its 38.2% retrace (1.3127). No daily 3LB changes (reversal is 1.3128).
JNK
Spinning top day. Midpoint above EMA(10). Tested and failed SMA(21). Holding above its 61.8% minor retrace (40.10). No daily 3LB changes (reversal is 40.73).
10YR YIELD
Bearish short day. Tested and failed SMA(55). Midpoint below EMA(10). Still failing its 38.2% minor retrace (17.47). No daily 3LB changes (reversal is 18.70).
WTI
Bearish short day. Tested and failed SMA(21). Midpoint above EMA(10). Holding above its 61.8% minor retrace (90.85). No dally 3LB changes (reversal is 92.48).
SILVER
Bearish long day. Still failing SMA(21). Midpoint below EMA(10). Holding above its 38.2% minor retrace (32.24). Daily 3LB reversal down (reversal is 35.10).
BKX
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and failed its 50.0% minor retrace (50.01). No daily 3LB changes (reversal is 51.64).
HYG/LQD
Spinning top day. Still failing all SMA's. Midpoint below EMA(10). Tested and held its 0.0% retrace (0.7536). No daily 3LB changes (reversal is 0.7800).
COPPER
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(21). Holding above its 38.2% retrace (3.673). No daily 3LB changes (reversal is 3.688).
AAPL
Spinning top day. Tested and failed SMA(89). Midpoint below EMA(10). Tested and failed its 50.0% minor retrace (629.73). No daily 3LB changes (reversal is 652.59).
TLT
Spinning top day. Midpoint above EMA(10). Tested and failed SMA(55). Holding above its 50.0% minor retrace (123.66). No daily 3LB changes (reversal is 118.30).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
7 comments:
Reuters/Jefferies CRB index was delisted from IQFeed. I was wondering why it wasn't updating. Guess they want to hide the upcoming inflation hit.
Weekly 3LB Update 10/12/12
Replaced CRB with CCI (Continuous Commodities Idx)
The attack on gold is stil underway. Guess it got too close to 1800.
Retail sales: SA numbers beat expectations. NSA numbers missed by a mile: http://www.zerohedge.com/news/2012-10-15/september-retail-sales-seasonal-vs-non-seasonal-spot-difference
Just looked at http://www.census.gov/retail/marts/www/marts_current.txt
All but one of the SA numbers are positive. ALL of the NSA numbers are lower. NSA Aug-Sep is -7.54% not the +1.1% with the SA numbers. Love it.
http://finviz.com/quote.ashx?t=ISIL
up ~1%, so far..~
AAIP
Oops. New post up.
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