In a secret room in the subbasement of 33 Liberty Street...
In brightest day, in blackest night,
No shorts shall escape my sight
Let those who worship the shorts might,
Beware my power, PPT's light!!!
Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
SPX
Hanging man day. Midpoint above EMA(10). Still above all SMA's. Tested and held the 0.0% retrace (1589.07). New high on daily 3LB (reversal is 1541.61). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.
DXY
Bearish long day. Midpoint below EMA(10). Tested and failed the 50.0% minor retrace (81.99). Tested and failed SMA(55). New low on dally 3LB (reversal is 83.04).
VIX
Bearish short day. Midpoint below EMA(10). Now below all SMA's. Still failing its 61.8% minor retrace (16.45). No daily 3LB changes (reversal is 13.36).
GOLD
Doji day. Midpoint above EMA(10). Holding above its 100.0% retrace (1407.40). Tested and failed SMA(21). No daily 3LB changes (reversal is 1586.70). Must have the precious.
EURUSD
Bullish short day. Midpoint above EMA(10). Tested and held SMA(89,144). Tested and held its 38.2% retrace (1.3145). No daily 3LB changes (reversal is 1.3196).
JNK
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 0.0% retrace (41.63). New high on daily 3LB (reversal is 41.50).
10YR YIELD
Bullish long day (confirmed hammer). Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% minor retrace (17.47). No daily 3LB changes (reversal is 17.59).
WTI
Bearish long day. Tested and failed SMA(55,89,233). Midpoint above EMA(10). Tested and failed its 61.8% minor retrace (94.01). No dally 3LB changes (reversal is 86.97).
SILVER
Bearish long day. Still failing all SMA's. Midpoint above EMA(10). Holding above its 0.0% retrace (22.55). No daily 3LB changes (reversal is 22.86).
BKX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (53.87). Daily 3LB reversal up (reversal is 54.03).
HYG/LQD
Bullish short day. Tested and held SMA(55,89). Midpoint above EMA(10). Holding above its 61.8% minor retrace (0.7765). Daily 3LB reversal up (reversal is 0.7752).
COPPER
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Holding above its 0.0% retrace (3.100). No daily 3LB changes (reversal is 3.095).
AAPL
Bullish long day. Tested and held SMA(55). Midpoint above EMA(10). Holding above its 38.2% minor retrace (406.99). Still failing BB(2,200). New high on daily 3LB (reversal is 390.53).
GSCI
Bearish harami day. Midpoint above EMA(10). HOlding above SMA(21). Holding above its 61.8% minor retrace (31.04). No daily 3LB changes (reversal is 31.56).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
6 comments:
Not sure if the SPX being two deviations above the 200SMA on the daily, weekly and monthly chart is a good thing. Usually 5% above 50SMA is resistance. Unfortunately that's 1630 right now.
ADP 119k, previous 131k (revised down from 158k)
Construction +15k
Manufacturing -10k
ISM 50.7 from 51.3
-Employment 50.2 from 54.2
- New orders/Inventories 1.125 from 1.038
EIA Crude Oil Stocks
Actual 6.696M Consensus 0.800M Previous 0.947M
That's one hell of a jump in stockpiles.
Any stats on how far the 50 DMA is from the 200 DMA? Might shed some light on things. I agree though, it don't look good.
Jennifer
4/30/13 50/200=6.39%
5/1/13 50/200=6.37%
I will have to create an indicator to compare the ratio to the SPX.
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