Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
SPXSpinning top day. Midpoint above EMA(10). Still above all SMA's. Tested and held the 0.0% retrace (1522.29). New high on daily 3LB (reversal is 1513.17). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.
DXYSpinning top day. Midpoint above EMA(10). Tested and held the 38.2% retrace (79.97). Tested and held SMA(89). No dally 3LB changes (reversal is 80.61).
VIXSpinning top day. Midpoint below EMA(10). Still failing all SMA's. Holding above its 0.0% retrace (12.29). No daily 3LB changes (reversal is 12.46).
GOLDBearish long day. Midpoint below EMA(10). Still failing its 50.0% retrace (1672.20). Now failing all SMA's. New low on daily 3LB (reversal is 1672.60). Must have the precious.
EURUSDBearish short day. Midpoint below EMA(10). Tested and held SMA(21). Tested and held its 50.0% retrace (1.3436). No daily 3LB changes (reversal is 1.3665).
JNKBullish short day. Midpoint below EMA(10). Tested and held SMA(89). Tested and held its 38.2% minor retrace (40.58). No daily 3LB changes (reversal is 40.82).
10YR YIELDSpinning top day. Still above all SMA's. Midpoint above EMA(10). Holding above its 61.8% minor retrace (19.37). Daily 3LB reversal up (reversal is 19.46).
WTISpinning top day. Still above all SMA's. Midpoint above EMA(10). Still failing its 38.2% retrace (98.18). No dally 3LB changes (reversal is 97.94).
SILVERBearish long day. Tested and failed SMA(233). Midpoint below EMA(10). Still failing its 50.0% minor retrace (31.30). No daily 3LB changes (reversal is 29.67).
BKXBearish short day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 0.0% retrace (55.79). No daily 3LB changes (reversal is 54.90).
HYG/LQDBullish short day. Tested and held SMA(21). Midpoint above EMA(10). Still failing its 38.2% retrace (0.7907). Daily 3LB reversal up (reversal is 0.7782).
COPPERSpinning top day. Midpoint above EMA(10). Holding above all SMA's. Holding above its 38.2% retrace (3.681). No daily 3LB changes (reversal is 3.605).
AAPLSpinning top day. Tested and failed SMA(21). Midpoint below EMA(10). Tested and held its 61.8% retrace (463.72). Still failing BB(2,200). No daily 3LB changes (reversal is 501.75).
CCIBullish short day. Midpoint below EMA(10). Still failing SMA(21,55,89,144). Still failing its 61.8% minor retrace (570.80). No daily 3LB changes (reversal is 571.00).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
3 comments:
Futures down quite a bit this morning as I get up..but forget about that day to day...what I think is big news is the German economy..now falling and in concert with the rest of Europe and Japan..
..It appears we will get ZIRPed for much longer than most of us thought..
http://www.nytimes.com/2013/02/14/business/smallbusiness/small-businesses-struggle-impeding-a-recovery.html?pagewanted=2&_r=1&ref=business
Small Businesses Still Struggle, and That’s Impeding a Recovery
"The struggles of small businesses ripple through the rest of the economy. They are reluctant to invest in expensive capital equipment, for one.
Mr. Starkey said that eight or nine years ago he could have justified investing in a $25,000 piece of equipment that would help him make a particular piece for a Ford Mustang, since he knew he would be able to earn back his investment in six months. But today, he doesn’t know if he will be able to get a return in six months or two years, and “having that kind of money tied up in one item is just too great a risk.”
Metrics of small-business hiring and hiring intentions are also very low, according to the National Federation of Independent Business and the Labor Department. That might partly explain why so many middle-age women have dropped out of the labor force in recent years, said Mr. Shepherdson of Pantheon Macroeconomic Advisers, since women are more likely to be employed at smaller service sector companies than, say, manufacturers."
...Perzactly! Low rates of return paradoxically make the entire economy reluctant to take more risk...Ben, Ben, Ben.....
BinT
Small business has really been having a hard time. They can only cut back so much.
New post up.
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