Nuff said.
Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
Bearish harami day. Midpoint above EMA(10). Still above all SMA's. Holding above the 38.2% minor retrace (1416.67). No daily 3LB changes (reversal is 1402.43). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.
Bullish long day. Midpoint above EMA(10). Tested and held the 38.2% retrace (79.97). Tested and held SMA(21,55,89). Dally 3LB reversal up (reversal is 79.25).
Bearish short day. Midpoint below EMA(10). Still below all SMA's. Tested and held its 100.0% retrace (14.27). New low on daily 3LB (reversal is 22.72).
Bearish short day. Midpoint above EMA(10). Tested and held its 50.0% retrace (1670.30). Tested and failed SMA(21,144,233). No daily 3LB changes (reversal is 1693.80). Must have the precious.
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and failed its 38.2% retrace (1.3138). Daily 3LB reversal down (reversal is 1.3259).
Spinning top day (confirmed hanging man). Midpoint above EMA(10). Still above all SMA's. Holding above its 100.0% retrace (40.86). No daily 3LB changes (reversal is 40.55).
Bullish long day. Still above all SMA's. Midpoint above EMA(10). Tested and held its 50.0% minor retrace (18.42). New high on daily 3LB (reversal is 17.63).
Bearish harami day. Holding above SMA(21,55,89,144). Midpoint above EMA(10). Holding above its 61.8% minor retrace (92.32). No dally 3LB changes (reversal is 90.13).
Bearish short day. Tested and failed SMA(144). Midpoint above EMA(10). Tested and held its 61.8% minor retrace (30.25). No daily 3LB changes (reversal is 32.28).
Bearish harami day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% minor retrace (50.92). No daily 3LB changes (reversal is 50.62).
Bullish short day. Still 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 0.7673).
Bearish harami day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 38.2% retrace (3.681). No daily 3LB changes (reversal is 3.536).
Bearish short day (confirmed hanging man). Holding above SMA(21). Midpoint above EMA(10). Holding above its 50.0% retrace (509.60). Still failing BB(2,200). No daily 3LB changes (reversal is 509.59).
Bearish long day. Midpoint below EMA(10). Now failing all SMA's. Tested and failed its 38.2% retrace (557.71). New low on daily 3LB (reversal is 559.03).
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 0.0% retrace (87.070). New high on daily 3LB (reversal is 86.02).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
5 comments:
http://www.zerohedge.com/news/2013-01-03/myth-reality-david-rosenberg
"Not only that, but the Bill did not extend the payroll tax holiday as was the case in late 2010. Payroll taxes will immediately rise from 4.2% to 6.2% and represents an average tax increase of $700 on all U.S. households."
I think the Fed realizes that Moodys and others were planning downgrades soon, and that that would start something the Fed itself couldn't stop. So the 10 year yield is up another 5 basis points today. Yet it seems to me the whole thing still balances on getting spending under control. And of course the headlines of the moment are about the ending of QE, so we get yet another chapter in the saga of our great government expansion into paternalism..
http://www.rttnews.com/2032175/brazil-november-industrial-output-falls-more-than-expected.aspx
Brazil November Industrial Output Falls More Than Expected
1/4/2013 6:27 AM ET
Brazil's industrial production decreased more than economists expected in November, data released by statistical office IBGE showed Friday.
Industrial production, on an unadjusted basis, decreased 1 percent year-on-year in November, faster than the 0.7 percent decline economists had forecast. In October, the sector had expanded by 2.5 percent, which marked a rebound in production after shrinking for thirteen months.
..just another bric in the wall...
BinT
Thanks for the articles. I think the move in yields is a shot across the bow the the Fed. The 10yr is up 216bps from last weeks close. At this rate it'll be over 2.50% in three weeks.
Damn. Capital Account just had its final show on RT. One of the better financial news shows.
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