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 (1626.03). New high on daily 3LB (reversal is 1617.50). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.
DXYBullish long day. Midpoint above EMA(10). Holding above the 38.2% minor retrace (82.46). Now above all SMA's. New high on dally 3LB (reversal is 82.20).
VIXBearish short day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 61.8% minor retrace (16.45). New low on daily 3LB (reversal is 17.27).
GOLDBearish long day. Midpoint below EMA(10). Still failing its 61.8% minor retrace (1485.10). Tested and failed SMA(21). No daily 3LB changes (reversal is 1586.70). Must have the precious.
EURUSDBearish short day. Midpoint below EMA(10). Tested and failed SMA(55). Still failing its 38.2% retrace (1.3145). Daily 3LB reversal down (reversal is 1.3217).
JNKBearish short day. Midpoint below EMA(10). Still above all SMA's. Still failing its 0.0% retrace (41.86). No daily 3LB changes (reversal is 41.48).
10YR YIELDBullish long day. Tested and held SMA(89). Midpoint above EMA(10). Tested and held its 50.0% minor retrace (18.42). New high on daily 3LB (reversal is 17.71).
WTIBearish short day (confirmed bearish harami). Tested and held SMA(89). Midpoint above EMA(10). Tested and held its 61.8% minor retrace (94.01). No dally 3LB changes (reversal is 94.50).
SILVERSpinning top day. Tested and failed SMA(21). Midpoint below EMA(10). Holding above its 0.0% retrace (22.60). No daily 3LB changes (reversal is 22.86).
BKXBullish short day (didn't confirm bearish harami). Midpoint above EMA(10). Still above all SMA's. Tested and held its 0.0% retrace (58.47). No daily 3LB changes (reversal is 56.94).
HYG/LQDBearish short day. Still above all SMA's. Midpoint above EMA(10). Tested and held its 38.2% retrace (0.7907). Daily 3LB reversal down (reversal is 0.7946).
COPPERSpinning top day (didn't confirm bearish harami). Midpoint above EMA(10). Tested and failed SMA(55). Tested and held its 38.2% minor retrace (3.322). No daily 3LB changes (reversal is 3.080).
AAPLBearish short day. Tested and held SMA(89). Midpoint above EMA(10). Still failing its 61.8% retrace (463.72). Still failing BB(2,200). No daily 3LB changes (reversal is 445.52).
GSCIBullish long day. Midpoint above EMA(10). Tested and held SMA(144). Now failing its 38.2% retrace (31.71). No daily 3LB changes (reversal is 30.05).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
3 comments:
http://finance.yahoo.com/news/dimon-might-leave-jpmorgan-stripped-192826748.html?l=1
Dimon might leave JPMorgan if stripped of chairmanship: WSJ
(Reuters) - JPMorgan Chase & Co (JPM.N) Chairman and CEO Jamie Dimon said he may consider leaving the bank where he has held the top post since 2005, if shareholders vote to split his duties, the Wall Street Journal reported on Saturday.
Shareholders will vote later this month at an annual meeting in Tampa, Florida, on a non-binding proposal to separate the chairman and chief executive roles after a more than $6 billion trading loss last year raised questions about risk oversight.
At first, Dimon said he would not comment publicly on what he would do if the vote went against him, but when pressed he added that the worst-case scenario would be to leave the bank, the newspaper said, citing sources that attended a private meeting at the company's New York headquarters.
Never thought I would see Dimon have a temper tantrum.
Weekly 3LB Update 5/10/13
Does anyone actually believe that the Fed will start to decrease QE anytime soon? The Fed is all in. There is no exit available. They can try to talk down the market (or up like they did with hinting at QE) but until they actually do it it's just BS.
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