In a secret room in the subbasement of 33 Liberty Street...
In brightest day, in blackest night,
No shorts shall escape my sight
Let those who worship the shorts might,
Beware my power, PPT's light!!!
Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
SPX
Bullish long day. Midpoint below EMA(10). Holding above SMA(89). Tested and held the 38.2% minor retrace (1416.67). No daily 3LB changes (reversal is 1459.99). QE2infinity. Still below the trend line and also below the lowest trend line.
DXY
Bullish short day. Midpoint above EMA(10). Tested and held the 38.2% retrace (79.97). Holding above SMA(21). No dally 3LB changes (reversal is 79.08).
VIX
Bearish long day. Midpoint below EMA(10). Now failing SMA(144). Still failing its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 14.05).
GOLD
Bearish short day. Midpoint below EMA(10). Still failing its 38.2% retrace (1730.90). Tested and failed SMA(55). No daily 3LB changes (reversal is 1737.60). Must have the precious.
EURUSD
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(21). Still failing its 38.2% retrace (1.3127). No daily 3LB changes (reversal is 1.2862).
JNK
Bullish long day. Midpoint below EMA(10). Tested and held SMA(55). Holding above its 61.8% minor retrace (40.10). No daily 3LB changes (reversal is 40.73).
10YR YIELD
Doji day. Tested and failed SMA(21). Midpoint below EMA(10). Still failing its 38.2% minor retrace (17.47). No daily 3LB changes (reversal is 18.70).
WTI
Bullish short day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% minor retrace (87.97). No dally 3LB changes (reversal is 88.61).
SILVER
Bearish short day. Still failing SMA(55). Midpoint above EMA(10). Tested and held its 38.2% minor retrace (32.24). No daily 3LB changes (reversal is 32.74).
BKX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21). Tested and held its 50.0% minor retrace (50.01). No daily 3LB changes (reversal is 51.64).
HYG/LQD
Bullish long 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 0.7547).
COPPER
Bullish long day. Midpoint below EMA(10). Tested and held SMA(144). Still failing its 38.2% retrace (3.673). No daily 3LB changes (reversal is 3.568).
AAPL
Spinning top day. Still failing SMA(144). Midpoint above EMA(10). Still failing its 61.8% minor retrace (612.20). No daily 3LB changes (reversal is 609.84).
CCI
Spinning top day. Midpoint below EMA(10). Holding above SMA(233). Still failing its 61.8% minor retrace (570.80). No daily 3LB changes (reversal is 585.43).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
3 comments:
NFP 171k
Private 184k
LFPR 63.8 +0.2
U3 7.9 +0.1
U6 14.6 -0.1
27 wks 5002k +158k
Part time 8344 -269k
Temp +13.6k
Construction +17k
Manufacturing +13k (odd since ISM-Manu empl fell)
Wkly hrs (all) 34.4 nc
Wkly hrs (prod & non-sup) 33.6 -0.1
B/D +90k
The change in total nonfarm payroll employment for August was revised from +142,000 to
+192,000, and the change for September was revised from +114,000 to +148,000.
Market not going up w/BTE NFP? Guess the fiscal cliff, debt ceiling and EU troubles are back on the horizon.
DXY now well above its September and October highs.
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