Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
Bullish long day. Midpoint above EMA(10). Now above all SMA's. Holding above the 38.2% minor retrace (1416.67). Daily 3LB reversal up (reversal is 1402.43). QE2infinity. Still below 2 of 3 trend lines and RSI(14) back above 50.
Spinning top day. Midpoint above EMA(10). Still failing the 38.2% retrace (79.97). Tested and held SMA(21). No dally 3LB changes (reversal is 80.25).
Bearish short day. Midpoint below EMA(10). Now below all SMA's. Still failing its 61.8% minor retrace (18.81). Daily 3LB reversal down (reversal is 22.72).
Bullish long day. Midpoint above EMA(10). Tested and held its 50.0% retrace (1670.30). Tested and held SMA(21,144,233). No daily 3LB changes (reversal is 1693.80). Must have the precious.
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% retrace (1.3138). No daily 3LB changes (reversal is 1.3171).
Hanging man day. Midpoint above EMA(10). Now above all SMA's. Tested and held its 100.0% retrace (40.86). Daily 3LB reversal up (reversal is 40.55).
Spinning top day. Still above all SMA's. Midpoint above EMA(10). Tested and failed its 50.0% minor retrace (18.42). New high on daily 3LB (reversal is 17.28).
Bullish long day. Holding above SMA(21,55,89,144). Midpoint above EMA(10). Tested and held its 61.8% minor retrace (92.32). New high on dally 3LB (reversal is 90.13).
Bullish long day. Tested and failed SMA(144). Midpoint below EMA(10). Tested and held its 61.8% minor retrace (30.25). No daily 3LB changes (reversal is 32.28).
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% minor retrace (50.92). New high on daily 3LB (reversal is 50.62).
Spinning top day. Now above all SMA's. Midpoint above EMA(10). Tested and held its 61.8% minor retrace (0.7765). New high on daily 3LB changes (reversal is 0.7658).
Bullish long day. Midpoint above EMA(10). Now above all SMA's. Tested and held its 38.2% retrace (3.681). Daily 3LB reversal up (reversal is 3.536).
Hanging man day. Tested and held SMA(21). Midpoint above EMA(10). Holding above its 50.0% retrace (509.60). Still failing BB(2,200). Daily 3LB reversal up (reversal is 509.59).
Bullish short day. Midpoint below EMA(10). Tested and failed SMA(233). Tested and held its 38.2% retrace (557.71). No daily 3LB changes (reversal is 560.76).
Bullish short day. Midpoint above EMA(10). Now above all SMA's. Holding above its 0.0% retrace (0.8950). New high on daily 3LB (reversal is 0.8785).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
7 comments:
Happy New Year, all.
I hope no one had his face torn off by this rip higher. I think that if you are nimble, ride the wave; else, get out of the way.
Matthew
Trailing stops are a traders best friend :-)
http://www.bloomberg.com/news/2013-01-02/u-s-needs-lower-deficits-to-avoid-downgrade-moody-s-says-1-.html
S&P was merely the front of the train...
Spending cut, spending cut, wherefore art thou?
(apologies to Willie S.)...
I see the yield on the 10yr broke above 1.907%. Looks like those interest payments are getting expensive.
Long but decent read of things we know but the public is still in the dark: http://www.theatlantic.com/magazine/archive/2013/01/whats-inside-americas-banks/309196/?single_page=true#
What's Inside America's Banks
http://finance.yahoo.com/echarts?s=%5ETNX+Interactive#symbol=^tnx;range=3m;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
...Well, let's see...10 year today at 1.9...first of November was 1.58...
Amen...lost 20% on the 10 year since the election...coincidence?...
BinT
You can only print so much before bond traders decide to take a stand and make you pay up.
New.
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