Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
SPX
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Still failing the 0.0% retrace (1808.10). Daily 3LB reversal down (reversal is 1807.23). Still failing lower trend line and RSI(14) above 50.
DXY
Bearish long day. Midpoint below EMA(10). Tested and failed the 38.2% retrace (80.33). Tested and failed SMA(55). No dally 3LB changes (reversal is 80.24).
VIX
Bullish short day. Midpoint above EMA(10). Tested and held SMA(144). Still failing its 61.8% minor retrace (16.45). New high on daily 3LB (reversal is 14.23).
GOLD
Bearish short day. Midpoint below EMA(10). Still failing its 61.8% minor retrace (1316.10). Still failing all SMA's. No daily 3LB changes (reversal is 1220.80). Must have the precious.
EURUSD
Bullish long day. Midpoint above EMA(10). Tested and held SMA(55). Holding above its 50.0% retrace (1.3453). New high on daily 3LB (reversal is 1.3575).
JNK
Bearish short day. Midpoint below EMA(10). Tested and held SMA(55). Tested and failed its 61.8% minor retrace (40.43). New low on daily 3LB (reversal is 40.49).
10YR YIELD
Bullish short day. Still above all SMA's. Midpoint above EMA(10). Holding above its 61.8% retrace (27.41). New high on daily 3LB (reversal is 27.41).
WTI
Doji day. Holding above SMA(21). Midpoint above EMA(10). Holding above its 61.8% minor retrace (94.37). New high on dally 3LB (reversal is 93.69).
SILVER
Spinning top day (didn't confirm morning star). Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% minor retrace (23.14). No daily 3LB changes (reversal is 20.04).
BKX
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Still failing its 0.0% retrace (67.79). New low on daily 3LB (reversal is 68.05).
HYG/LQD
Bearish short day. Tested and failed SMA(21). Midpoint above EMA(10). Holding above its 61.8% retrace (0.8137). No daily 3LB changes (reversal is 0.8034).
COPPER
Doji day. Midpoint above EMA(10). Holding above SMA(21). Tested and failed its 50.0% minor retrace (3.239). No daily 3LB changes (reversal is 3.395).
AAPL
Bearish short day. Still above all SMA's. Midpoint above EMA(10). Holding above its 38.2% retrace (555.47). Still above BB(2,200) upper bound. New high on daily 3LB (reversal is 545.96).
GSCI
Bullish short day. Midpoint above EMA(10). Tested and held SMA(55). Tested and failed its 50.0% retrace (32.26). No daily 3LB changes (reversal is 31.70).
IWM
Spinning top day. Midpoint below EMA(10). Tested and failed SMA(144). Still failing its 0.0% retrace (113.02). No daily 3LB changes (reversal is 113.51).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
4 comments:
NFP 203k +3k
Private 196k -18k
LFPR 63.0 +0.2
LF 155294k +455k (really?!?)
U3 sa 7.0% -0.3, nsa 6.6% -0.4
U6 sa 13.2% -0.6, nsa 12.7% -0.5
27wks 4066k +3k
PT ec 7719k -331k
PT non-ec 18876k +90k
Temp 16.4k +7.3k
Gov 7k +21k
Wkly hrs 34.5 +0.1
B/D -15k
It's obvious today's goal is to get the Dow back above 16000. Yet the threshold for Fed tapering has been met. Plus the 10yr is still approaching 3% and refuses to go lower.
Bonds ain't buying it.
New.
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