Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
SPX
Hanging man day. Midpoint above EMA(10). Holding above SMA(21). Tested and held the 50.0% minor retrace (1399.90). No daily 3LB changes (reversal is 1386.89). QE2infinity. Still below 2 of 3 trend lines and RSI(14) still above 50.
DXY
Spinning top day. Midpoint below EMA(10). Holding above the 38.2% retrace (79.97). Still failing SMA(21). New low on dally 3LB (reversal is 80.80).
VIX
Bearish short day (but gapped higher). Midpoint below EMA(10). Still below all SMA's. Still failing its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 16.64).
GOLD
Bearish short day. Midpoint above EMA(10). Holding above its 38.2% retrace (1730.90). Holding above SMA(55). No daily 3LB changes (reversal is 1726.00). Must have the precious.
EURUSD
Bearish harami day. Midpoint above EMA(10). Now above all SMA's. Holding above its 61.8% minor retrace (1.2759). No daily 3LB changes (reversal is 1.2777).
JNK
Spinning top day. Midpoint above EMA(10). Tested and held SMA(21). Tested and held its 61.8% minor retrace (40.10). No daily 3LB changes (reversal is 39.77).
10YR YIELD
Doji day. Tested and failed SMA(21,89,144). Midpoint above EMA(10). Still failing its 38.2% minor retrace (17.47). No daily 3LB changes (reversal is 15.89).
WTI
Bearish short day. Holding above SMA(21). Midpoint above EMA(10). Still failing its 38.2% minor retrace (88.45). No dally 3LB changes (reversal is 84.87).
SILVER
Doji day. Now above all SMA's. Midpoint above EMA(10). Holding above its 38.2% minor retrace (32.24). No daily 3LB changes (reversal is 32.88).
BKX
Bearish harami day. Midpoint above EMA(10). Tested and held SMA(21). Tested and failed its 38.2% minor retrace (49.10). No daily 3LB changes (reversal is 46.68).
HYG/LQD
Dragonfly doji day. Tested and held SMA(21). Midpoint above EMA(10). Tested and held its 0.0% retrace (0.7536). No daily 3LB changes (reversal is 0.7529).
COPPER
Spinning top day. Midpoint above EMA(10). Tested and held SMA(144). Holding above its 61.8% minor retrace (3.443). New high on daily 3LB (reversal is 3.470).
AAPL
Bullish long day. Tested and held SMA(233). Midpoint above EMA(10). Holding above its 38.2% retrace (555.47). Still failing BB(2,200). New high on daily 3LB (reversal is 536.88).
CCI
Bearish short day. Midpoint above EMA(10). Tested and failed SMA(55). Holding above its 61.8% minor retrace (570.80). No daily 3LB changes (reversal is 568.04).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
3 comments:
"The number of people in part-time work rose to the highest level on record since 1992 during the three months to September, according to the Office for National Statistics.
Experts said the rise in part-time workers and the self-employed were the main reason behind the drop in people out of work to 2.45 million, 9,000 lower than the previous quarter.
They described the rise in employment as “misleading”, saying it was based on “shaky foundations”.
Jonathan Loynes, an economist at Capital Economics, said: “The headline employment figures continue to give a misleadingly strong picture of the true state of the labour market. The latest rise in employment was again driven entirely by increases on self-employment and part-time positions.”
http://www.telegraph.co.uk/finance/personalfinance/8139883/Number-of-part-time-workers-hits-record-high-as-firms-reluctant-to-take-on-full-time-staff.html
..Thank goodness there are no new laws here in the US that might make us shift our hiring in this manner...
BinT
HAHAHA. Obamacare is definitely making many companies adjust working hours. I think I read somewhere that the number of hours for full time is now lower.
new.
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