Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
SPX
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held the 0.0% retrace (1626.03). No daily 3LB changes (reversal is 1614.42). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.
DXY
Bullish long day (unconfirmed confirmed hanging man). Midpoint above EMA(10). Tested and held the 38.2% minor retrace (82.46). Tested and held SMA(21,55). New high on dally 3LB (reversal is 81.72).
VIX
Bullish short day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 61.8% minor retrace (16.45). No daily 3LB changes (reversal is 17.55).
GOLD
Bearish long day. Midpoint above EMA(10). Still failing its 61.8% minor retrace (1485.10). Holding above SMA(21). No daily 3LB changes (reversal is 1586.70). Must have the precious.
EURUSD
Bearish long day. Midpoint above EMA(10). Tested and failed SMA(21,89,144). Tested and failed its 38.2% retrace (1.3145). No daily 3LB changes (reversal is 1.2995).
JNK
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 0.0% retrace (41.86). No daily 3LB changes (reversal is 41.48).
10YR YIELD
Bullish long day (didn't confirm bearish engulfing). Tested and held SMA(144). Midpoint above EMA(10). Holding above its 38.2% minor retrace (17.47). New high on daily 3LB (reversal is 17.52).
WTI
Bearish harami day. Still above all SMA's. Midpoint above EMA(10). Holding above its 61.8% minor retrace (94.01). No dally 3LB changes (reversal is 94.50).
SILVER
Bearish short 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).
BKX
Bearish harami day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 0.0% retrace (58.47). No daily 3LB changes (reversal is 56.94).
HYG/LQD
Spinning top day. Still above all SMA's. Midpoint above EMA(10). Holding above its 38.2% retrace (0.7907). No daily 3LB changes (reversal is 0.7917).
COPPER
Bearish harami day. Midpoint above EMA(10). Tested and failed SMA(55). Tested and failed its 38.2% minor retrace (3.322). No daily 3LB changes (reversal is 3.080).
AAPL
Bearish short day. Tested and held SMA(89). Midpoint above EMA(10). Tested and failed its 61.8% retrace (463.72). Still failing BB(2,200). No daily 3LB changes (reversal is 445.52).
GSCI
Spinning top day. Midpoint above EMA(10). Holding above SMA(21). Tested and failed its 38.2% retrace (31.71). No daily 3LB changes (reversal is 30.05).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
4 comments:
I almost forgot. When it comes to inflation the ONLY thing that matters to the Fed is WAGE INFLATION. So CPI or Core CPI mean nothing to them. It's just for show. Let wages start to increase and watch the Fed jump into action.
Crap. Bernanke is giving a speech tomorrow at 9:30 am ET. Right when the markets open. Talk about setting up a short squeeze.
So was that Japan selling the 10yr?
New.
Post a Comment