Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
SPXBullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held the 0.0% retrace (1564.91). New high on daily 3LB (reversal is 1556.22). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.
DXYBearish short day. Midpoint above EMA(10). Holding above the 38.2% minor retrace (82.46). Still above all SMA's. No dally 3LB changes (reversal is 82.13).
VIXBearish short day. Midpoint below EMA(10). Tested and failed SMA(21). Holding above its 0.0% retrace (11.50). No daily 3LB changes (reversal is 11.30).
GOLDBearish short day. Midpoint below EMA(10). Still failing its 61.8% retrace (1609.30). Holding above SMA(21). No daily 3LB changes (reversal is 1617.10). Must have the precious.
EURUSDBullish harami day. Midpoint below EMA(10). Still failing all SMA's. Tested and held its 61.8% minor retrace (1.2770). No daily 3LB changes (reversal is 1.2884).
JNKBullish long day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (40.58). No daily 3LB changes (reversal is 41.12).
10YR YIELDBearish short day. Tested and held SMA(89). Midpoint below EMA(10). Tested and held its 50.0% minor retrace (18.42). No daily 3LB changes (reversal is 20.56).
WTIBullish short day. Still above all SMA's. Midpoint above EMA(10). Holding above its 61.8% minor retrace (93.72). New high on dally 3LB (reversal is 94.81).
SILVERBearish short day. Tested and failed SMA(21). Midpoint below EMA(10). Still failing its 61.8% minor retrace (30.25). New low on daily 3LB (reversal is 28.69).
BKXSpinning top day. Midpoint below EMA(10). Tested and held SMA(21). Still failing its 0.0% retrace (57.33). New low on daily 3LB (reversal is 56.47).
HYG/LQDDoji day. Still failing SMA(21). Midpoint below EMA(10). Still failing its 38.2% retrace (0.7907). No daily 3LB changes (reversal is 0.7850).
COPPERBearish long day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 61.8% minor retrace (3.454). New low on daily 3LB (reversal is 3.501).
AAPLBearish short day. Tested and held SMA(21). Midpoint below EMA(10). Still failing its 61.8% retrace (463.72). Still failing BB(2,200). No daily 3LB changes (reversal is 430.47).
CCIBearish long day. Midpoint above EMA(10). Tested and failed SMA(21). Tested and failed its 38.2% retrace (557.71). No daily 3LB changes (reversal is 551.61).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
6 comments:
My my my. A whole weekend of headlines about the SPX at new all time highs. Thank goodness for the NCAA.
http://www.reuters.com/article/2013/03/29/us-cyprus-parliament-idUSBRE92G03I20130329
Big depositors in Cyprus to lose far more than feared
(Reuters) - Big depositors in Cyprus's largest bank stand to lose far more than initially feared under a European Union rescue package to save the island from bankruptcy, a source with direct knowledge of the terms said on Friday.
Under conditions expected to be announced on Saturday, depositors in Bank of Cyprus will get shares in the bank worth 37.5 percent of their deposits over 100,000 euros, the source told Reuters, while the rest of their deposits may never be paid back.
The toughening of the terms will send a clear signal that the bailout means the end of Cyprus as a hub for offshore finance and could accelerate economic decline on the island and bring steeper job losses.
Officials had previously spoken of a loss to big depositors of 30 to 40 percent.
Cypriot President Nicos Anastasiades on Friday defended the 10-billion euro ($13 billion) bailout deal agreed with the EU five days ago, saying it had contained the risk of national bankruptcy.
"We have no intention of leaving the euro," the conservative leader told a conference of civil servants in the capital, Nicosia.
Weekly 3LB Update 3/29/13
Appears the algos want to prove that the new all time closing high is not a fluke. But the all time intraday high still holds.
Does every pullback have to be considered a buying opportunity? Is this part of the script that every analyst has to say when on tv?
New.
Post a Comment