Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
SPY (SPDR S&P 500)
-no change (above mid)
trend=up
high= 166.94
rev= 156.67; mid= 162.87
monthly info new high 163.45
trend=up
high= 163.45; rev= 151.61; mid= 157.53
XLB (SPDR Materials)
-no change (above mid)
trend=up
high= 41.26
rev= 37.76; mid= 39.51
monthly info MONTHLY REVERSAL new high 40.40
trend=no; direction=up (1 bar)
high= 40.30; rev= 29.35; mid= 34.83
XLE (SPDR Energy)
-no change (above mid)
trend=no
direction=up (2 bars)
high= 82.12
rev= 74.56; mid= 78.34
monthly info MONTHLY REVERSAL new high 80.50
trend=no; direction=up (1 bar)
high= 80.50; rev= 58.51; mid= 69.51
XLF (SPDR Financial)
new high 19.97
trend=up
high= 19.97
rev= 18.85; mid= 19.41
monthly info new high 19.84
trend=up
high= 19.84; rev= 17.359; mid= 18.72
XLI (SPDR Industrials)
-no change (above mid)
trend=up
high= 44.17
rev= 41.82; mid= 43.00
monthly info new high 43.53
trend=up
high= 43.53; rev= 40.08; mid= 41.81
XLK (SPDR Technology)
-no change (above mid)
trend=up
high= 32.20
rev= 30.29; mid= 31.25
monthly info MONTHLY REVERSAL new high 31.66
trend=no; direction=up (1 bar)
high= 31.66; rev= 28.85; mid= 30.26
XLP (SPDR Consumer Staples)
-no change (below mid)
trend=no
direction=down (1 bar)
low= 40.05
rev= 41.94; mid= 41.00
monthly info -no change (above mid)
trend=up
high= 40.94; rev= 36.87; mid= 38.91
XLU (SPDR Utilities)
-no change (below mid)
trend=no
direction=down (2 bars)
low= 37.68
rev= 40.98; mid= 39.33
monthly info -no change (above mid)
trend=up
high= 41.25; rev= 28.91; mid= 35.08
XLV (SPDR Healthcare)
-mo change (below mid)
trend=up
high= 49.12
rev= 47.93; mid= 48.53
monthly info new high 48.11
trend=up
high= 48.11; rev= 43.45; mid= 45.78
XLY (SPDR Consumer Discretionary)
-no change (above mid)
trend=up
high= 57.55
rev= 54.40; mid= 55.98
monthly info new high 56.12
trend=up
high= 56.12; rev= 50.93; mid= 53.53
XPH (SPDR Pharmaceuticals)
new high 70.23
trend=up
high= 70.23
rev= 67.52; mid= 68.88
monthly info new high 69.23
trend=up
high= 69.23; rev= 61.35; mid= 65.29
XRT (SPDR Retail)
new high 78.32
trend=up
high= 78.32
rev= 74.54; mid= 76.43
monthly info new high 77.60
trend=up
high= 77.60; rev= 67.09; mid= 72.35
IT HAS BEGUN. YOU HAVE BEEN WARNED.
4 comments:
Weekly 3LB Update 6/7/13
No economic news. One Fed blowhard. Futures slightly higher. S&P decides to upgrade the US from negative to stable and futures take off. But nothing has changed. The US debt/GDP is still rising and more people are on SNAP. Plus the TBTF banks are still insolvent (no matter what they tell you).
10yr in the vortex zone. 2.2% is the area where losses happen so expect a lot of bond selling to protect positions.
see: http://www.zerohedge.com/contributed/2013-05-25/bond-vortex-works
When was the last time there was a nine point range in the SPX? That's a rare event these days.
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