Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
SPX
Doji day (confirmed bearish engulfing). Midpoint above EMA(10). Still above all SMA's. Now failing the 0.0% retrace (1667.47). No daily 3LB changes (reversal is 1650.34). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.
DXY
Bearish long day. Midpoint above EMA(10). Tested and failed the 0.0% retrace (84.00). Still above all SMA's. No dally 3LB changes (reversal is 83.61).
VIX
Bearish long day. Midpoint above EMA(10). Tested and failed SMA(144). Still failing its 61.8% minor retrace (16.45). New high on daily 3LB (reversal is 12.59).
GOLD
Bullish long day. Midpoint below EMA(10). Holding above its 0.0% retrace (1335.10). Still below all SMA's. No daily 3LB changes (reversal is 1586.70). Must have the precious.
EURUSD
Bullish long day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 38.2% retrace (1.3145). No daily 3LB changes (reversal is 1.2973).
JNK
Doji day (morning star forming?). Midpoint below EMA(10). Tested and held SMA(55). Still failing its 0.0% retrace (41.86). New low on daily 3LB (reversal is 41.94).
10YR YIELD
Spinning top day. Still above all SMA's. Midpoint above EMA(10). Holding above its 61.8% minor retrace (19.37). No daily 3LB changes (reversal is 19.23).
WTI
Doji day. Tested and held SMA(55,144,233). Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (94.30). New low on dally 3LB (reversal is 96.93).
SILVER
Bullish long day. Still failing all SMA's. Midpoint below EMA(10). Tested and held its 0.0% retrace (22.60). No daily 3LB changes (reversal is 24.19).
BKX
Spinning top day (confirmed bearish engulfing). Midpoint above EMA(10). Still above all SMA's. Now failing its 0.0% retrace (61.70). No daily 3LB changes (reversal is 60.51).
HYG/LQD
Doji day. Tested and held SMA(21). Midpoint below EMA(10). Tested and held its 38.2% retrace (0.7907). No daily 3LB changes (reversal is 0.7929).
COPPER
Bearish short day. Midpoint above EMA(10). Tested and failed SMA(55). Tested and failed its 38.2% minor retrace (3.332). No daily 3LB changes (reversal is 3.132).
AAPL
Bullish short day. Tested and failed SMA(89). Midpoint below EMA(10). Still failing its 61.8% retrace (463.72). Still failing BB(2,200). No daily 3LB changes (reversal is 463.84).
GSCI
Bullish LONG day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and held its 61.8% minor retrace (31.04). No daily 3LB changes (reversal is 30.05).
IWM
Bullish long day (didn't confirm bearish engulfing). Midpoint below EMA(10). Tested and held SMA(144). Still failing its 0.0% retrace (99.07). No daily 3LB changes (reversal is 99.23).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
2 comments:
http://www.financialsense.com/contributors/john-butler/covert-operations-underway-global-currency-wars
Are Covert Operations Underway in the Global Currency Wars?
Interesting read.
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10077437/HSBCs-1.9bn-money-laundering-settlement-could-be-rejected.html
HSBC's $1.9bn money laundering settlement could be rejected
Judge John Gleeson is considering cancelling December’s so-called deferred prosecution agreement that gave HSBC immunity from claims it allowed terrorists to move at least $881m (£584m) around the financial system.
This could leaving the bank open to criminal prosecution and a ban from operating in America. However, HSBC disputes this.
The US Department of Justice (DoJ) is reportedly challenging Mr Gleeson’s need to sign off on the deal. The judge last mentioned the case in February, stating that he had not yet approved nor disapproved of the settlement.
Should've known that the DoJ wouldn't be happy.
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