Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
SPX
Bullish long day. Midpoint below EMA(10). Tested and held SMA(55). Tested and held the 38.2% minor retrace (1554.55). No daily 3LB changes (reversal is 1587.73). QE2infinity. Still below 2 of 3 trend lines and RSI(14) below 50.
DXY
Bullish short day. Midpoint above EMA(10). Tested and held the 38.2% minor retrace (82.46). Tested and held SMA(21). No dally 3LB changes (reversal is 83.18).
VIX
Bearish long day. Midpoint above EMA(10). Tested and failed SMA(144). Tested and failed its 61.8% minor retrace (16.45). No daily 3LB changes (reversal is 13.36).
GOLD
Spinning top day. Midpoint below EMA(10). Tested and failed its 100.0% retrace (1407.40). Still failing all SMA's. No daily 3LB changes (reversal is 1586.70). Must have the precious.
EURUSD
Spinning top day. Midpoint above EMA(10). Tested and failed SMA(144). Still failing its 38.2% retrace (1.3145). No daily 3LB changes (reversal is 1.3019).
JNK
Doji day. Midpoint above EMA(10). Tested and held SMA(21). Holding above its 38.2% minor retrace (40.58). No daily 3LB changes (reversal is 40.92).
10YR YIELD
Bullish harami day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% minor retrace (17.47). No daily 3LB changes (reversal is 18.12).
WTI
Spinning top day (confirmed bullish piercing). Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% minor retrace (90.37). No dally 3LB changes (reversal is 92.99).
SILVER
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Holding above its 0.0% retrace (22.55). New low on daily 3LB (reversal is 23.36).
BKX
Bullish long day. Midpoint below EMA(10). Tested and held SMA(89). Holding above its 38.2% minor retrace (53.87). No daily 3LB changes (reversal is 56.87).
HYG/LQD
Bearish short day. Still failing SMA(89). Midpoint below EMA(10). Holding above its 61.8% minor retrace (0.7765). No daily 3LB changes (reversal is 0.7794).
COPPER
Bearish long day (didn't confirm hammer). Midpoint below EMA(10). Still failing all SMA's. Holding above its 0.0% retrace (3.100). New low on daily 3LB (reversal is 3.375).
AAPL
Spinning top day. Still failing all SMA's. Midpoint below EMA(10). Tested and held its 50.0% minor retrace (389.46). Still failing BB(2,200). New low on daily 3LB (reversal is 419.85).
GSCI
Spinning top day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 38.2% minor retrace (30.62). No daily 3LB changes (reversal is 31.56).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
6 comments:
http://finance.yahoo.com/news/exclusive-rarity-bernanke-skip-jackson-230537806.html?l=1
Exclusive: In rarity, Bernanke to skip Jackson Hole due to scheduling conflict
I'm not trying to read anything into this but...
Weekly 3LB Update 4/19/13
http://www.ft.com/intl/cms/s/0/52d23fa6-aa98-11e2-bc0d-00144feabdc0.html
Data shift to lift US economy 3%
Lies, damn lies, statistics, and the BEA.
edit:
This is what happens when the bulk of your manufacturing moves overseas.
Brinks received 3726.610 tr oz from JPM (between 412/13-4/19/13).
HSBC had 32,107.767 withdrawn from eligible. Not sure who received it.
JPM registered lost 480691.856 tr oz over the week. Buried in the backyard somewhere?
New.
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