Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
SPXBearish short day. Midpoint above EMA(10). Still above all SMA's. Tested and failed the 0.0% retrace (1563.62). No daily 3LB changes (reversal is 1544.26). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.
DXYBullish long day. Midpoint below EMA(10). Tested and held the 38.2% minor retrace (82.46). Tested and held SMA(21). No dally 3LB changes (reversal is 82.13).
VIXBullish short day. Midpoint above EMA(10). Tested and held SMA(21,55). Holding above its 0.0% retrace (11.50). No daily 3LB changes (reversal is 11.30).
GOLDBearish short day. Midpoint above EMA(10). Tested and failed its 61.8% retrace (1609.30). Tested and failed SMA(21). No daily 3LB changes (reversal is 1615.50). Must have the precious.
EURUSDBearish short day. Midpoint below EMA(10). Tested and failed SMA(21,144). Still failing its 38.2% retrace (1.3145). New low on daily 3LB (reversal is 1.2967).
JNKSpinning top day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (40.58). New low on daily 3LB (reversal is 41.12).
10YR YIELDBearish long day. Tested and failed SMA(21,55). Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (19.37). No daily 3LB changes (reversal is 18.53).
WTIBullish short day. Tested and held SMA(233). Midpoint above EMA(10). Tested and held its 61.8% minor retrace (93.72). New high on dally 3LB (reversal is 93.40).
SILVERBullish short day. Tested and failed SMA(21). Midpoint below EMA(10). Still failing its 61.8% minor retrace (30.25). No daily 3LB changes (reversal is 29.49).
BKXBearish short day. Midpoint below EMA(10). Still above all SMA's. Still failing its 0.0% retrace (57.33). New low on daily 3LB (reversal is 57.52).
HYG/LQDBearish short day. Still above all SMA's. Midpoint below EMA(10). Tested and failed its 38.2% retrace (0.7907). No daily 3LB changes (reversal is 0.7850).
COPPERBearish short day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 61.8% minor retrace (3.454). No daily 3LB changes (reversal is 3.555).
AAPLSpinning top day. Tested and failed SMA(55). Midpoint above EMA(10). Tested and held its 61.8% retrace (463.72). Still failing BB(2,200). New high on daily 3LB (reversal is 430.47).
CCIBearish LONG day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and failed its 61.8% retrace (536.55). New low on daily 3LB (reversal is 556.11).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
2 comments:
Spanish Contraction Even Worse
The Bank of Spain just sent a stark message. In its annual update of economic forecasts, it estimates Spain's economy will shrink 1.5% in 2013 - that is three times as bad as the official government forecast of -0.5%. As Reuters reports, this is even worse than 2012's 1.4% contraction as the bank notes that, Spaniards "remain immersed in a process of deleveraging...and families have seen a notable shrinking of income."
new.
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