Morning Audibles - 1.12.11

I remember last week I'd read on TBP that the "Wall Streeter Who Blogs In Chief" had an opening for an "internist" position... Now, I know that I'd fail on the MAIN QUALIFICATION CRITERIA for what's generally considered an "internist" position (since the days that this great leader set the standards for us all)...


But I did, I think, check all of the appropriate "sex", and "ethnicity" boxes (so as to assure myself the most favorable affirmative action status - so I have THAT going for me)... As an example of my work, I submitted an "edit" to a recent page (because I'm a firm believer in a "Truth in Advertising" agenda)... Here's a sample of my offering...

ORIGINAL POST



MY VERSION - (Note: I opted for the "Facebook" approach)

Personal BIO info:

My BFF


My Secret Ambition:


My Welcome Mat (to your ideas & participation):
(Note: CV actually suggested "ditching" this approach and going with the cute little doggy icons)



My Motto:


Oh no wait... That resume was submitted last Friday... We've now learned that the word "AIM" is to be "stricken from the record" from all of Pharoah's monuments, tablets, and scrolls... Shucks! What am I going to do now? I just spent a couple of BILLION of the taxpayers dollars to put this campaign onto the airwaves...


Well... What can I say? That was going to be my best "shot"... "Shoot"... Looks like I'm clearly "outgunned" here... I'd better just "bite the bullet" and let "sleeping dogs lie" (or is it "lying dogs sleep")? Can't remember...

- So that's why Obama admires the fact that Michael Vick kills pitbulls -

If somebody does a "Sirhan Sirhan" On Rudy Guliani in the next election... I wonder if all the blogeteers are going to go after Katie Couric (0:56)...


---INTERVIEW OVER---

I humbly and respectfully now return to my normal everyday routine of "NOT MAKING MONEY" because I'm "TRYING TO BE SMART"...

I'll hereby leave you to your humble pursuits... (Or, you know, the pursuits that a "hobbyist" like yourself enjoys pursuing when you're not busy trying to "top tick" the S&P as the 10y note approaches a 4 handle and the 30y at 5 (because that's what happens in "typical recoveries)...


Confucious say: "He who shoot from hip need to beware of foot..."

While you're doing that... I'll mull it over this weekend to decide whether it's in the cards for me to become more of a Big Picture Guy (to "beef up" my qualifications)...


I realize that's an awful lofty goal... But forgive me if I don't meet the standard... And instead, find myself having to "AIM HIGH" in other ways...



Lastly... For those of you who can't shake a "sick sense of irony" in daily living...

- HERE'S YOUR "BANKER" BONUS -

Glock Pistol Sales Surge in Aftermath of Arizona Shootings





AmenRa's Corner

A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.



Creditcane™: Something's in the water...



SPX
Spinning top day (again). Midpoint above EMA(10). Still above all SMA's. No daily 3LB changes (reversal is 1258.84). QE2infinity. Still treading water. Que sera sera.



DXY
Spinning top day (maybe yesterday was engulfing). Midpoint above EMA(10). Held the 38.2% retrace (80.63). Still above SMA(144). No daily 3LB changes (reversal is 79.03).



VIX
Inverted hammer day (but we're not in a downtrend). Midpoint below EMA(10). Back below SMA(21). No daily 3LB changes (reversal is 15.45). Stuck in the "no fear" zone. Still has a monthly 3LB reversal.



GOLD
Spinning top day. Back above SMA(55). Midpoint below EMA(10). 0.0% retrace holding. Still below 14.6% retrace (1392.69) but didn't test the 23.6% retrace (1368.14). Daily 3LB reversal up (reversal is 1368.90). Must have the precious.



EURUSD
Bullish short day (failed bullish thrusting). Midpoint below EMA(10). Below its 38.2% retrace at 1.3121. Below all SMA's. No daily 3LB changes (reversal is 1.3395).



JNK
Bullish short day. Midpoint above EMA(10). Failing the Gann 4x1. Back above SMA(21) & SMA(89). No daily 3LB changes (reversal is 40.47).




10YR YIELD
Spinning top day. The 0.0% fibo retrace at 35.66 has held. Still below SMA(21). Below its 14.6% retrace (33.86). Midpoint below EMA(10). No daily 3LB changes (reversal is 32.36). Still holding its 23.6% retrace (32.75). Failing upper trendline.



CRB
Bullish long day. Midpoint above EMA(10). Back above SMA(21). No test of 0.0% retrace. No daily 3LB changes (reversal is 332.80). Back above 14.6% retrace (329.28).



XLF
Spinning top day. Midpoint above EMA(10). Still above all SMA's. No test of new 0.0% retrace. Back above the 14.6% retrace (16.20). No daily 3LB changes (reversal is 16.01).



IQI
Spinning top day (or is it the 2nd day of a morning star?). Midpoint below EMA(10). Back below SMA(21). Back below its 14.6% retrace (11.74). No daily 3LB changes (reversal is 11.52).



TLT
Spinning top day. Midpoint below EMA(10). Below all SMA's. Tested and failed its 76.4% retrace (92.50). No daily 3LB changes (reversal is 90.94).



AUDJPY
Spinning top day. Midpoint below EMA(10). Back below SMA(55). Below its 76.4% retrace (0.8226). Below lower trendline of current move. No daily 3LB changes (reversal is 0.8007).



LEFTBACK'S BOND REPORT

The Bond Report 1.11.11

HY outperformed IG again today across the board. We also had a mild steepener after a not-so-good auction of 3y was followed by slightly suspicious buying of the short end (to support B/D's brand new purchases at 1.03%?) after a POMO in the 7-10y range. Tomorrow's thrills and spills include a 10y auction at 1pm and the release of the next Ponzi, sorry we mean POMO, schedule at 2pm.

Corpies: LQD -0.05%; AGG -0.20%; JNK 0.30%; HYG 0.39%
Govies: TLT -0.56%; IEI -0.19%; TIP 0.04%
Hedgies: TBT 1.07%

We sold TIP today b/c we think that long duration will take a trip to the woodshed tomorrow and Thursday as we go into auctions of 10s and 30s and a PPI release.

We are 22% long HYG, 6% TIP, 3% LQD and hedged with 16% TBT. We are now looking to gradually offload HYG and will be reducing our position back down to 15% on strength, while looking to transition into LQD, AGG and TLT - over the next 3-4 weeks, perhaps?



Morning Audibles 1.11.11

"1.11.11"... (today's date)... That's 5 ACES Jack!

CV has been doing some investigative reporting, and it's come to the forefront that the "shooter" in Arizona could be a case of mistaken identity...


See??? It wasn't Sarah Palin after all (giving "Manchurian Candidate" code tips for people to go on shooting sprees)... Instead, what "set off" this poor fellow was having to do one too many interviews with this dude (on this cable business channel)...


Oh... Sorry... That was a fuzzy resemblance... Here's a better foto of the interviewer...


But what can I say? There are A LOT of "yo-yo" on TV (that's why I mainly watch sports)... Of course there are some as well, who like to calmly and rationally get to the MIDDLE of every situation, knowing that's where wisdon & reason lie...


And there are others, who take the time to sit down and listen to your viewpoint on the matter...


Then there are others, who are always mindful of the "words" they are using, and would never say anything potentially nasty of inciteful...


CV doesn't actually give a flying F*** about any of these people... This is SURVIVOR CAPITAL... Here, all I need to know is that there are a bunch of weirdos everywhere (of all political & social ranks)... The way we are going... Things in this country are going to end up like this someday...


(and I'm not interested in playing Kevin Bacon in this scenario)...

Even though Kevin Bacon is my HERO...


Hell... For all I know... Sarah Palin is RELATED (by six degrees of separation) to GIFFORDS... Just like Obama is related to Brad Pitt (does that link Obama to Tyler Durden as well)? CV might be related to Pelosi (and that would explain my sometimes "ODD" behavior)... Kevin Bacon himself taught me all this...


People, we're all in this race together, and WE'RE ALL going to make it to the finish line together, or WE'RE ALL going to perish in the process... Once again (a thing that is permissable on this blog - but not elsewhere)... IT'S YOUR CHOICE...



AmenRa's Corner

A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.



This is is Fed aggregating CUSIPs...



Creditcane™: The muni implosion will be spectacular. Freefall will be considered tame compared to this.



SPX
Spinning top day (again). Midpoint above EMA(10). Still above all SMA's. No daily 3LB changes (reversal is 1258.84). QE2infinity. Still treading water.



DXY
Bearish short day (would say engulfing but didn't close lower). Midpoint above EMA(10). Held the 38.2% retrace (80.63). Still above SMA(144). No daily 3LB changes (reversal is 79.03).



VIX
Bearish long day (yet it closed higher). Midpoint above EMA(10). Back above SMA(21). No daily 3LB changes (reversal is 15.45). Stuck in the "no fear" zone. Still has a monthly 3LB reversal.



GOLD
Bullish short day. Still below SMA(55). Midpoint below EMA(10). 0.0% retrace holding. Well below 14.6% retrace (1392.69) and again tested the 23.6% retrace (1368.14). No daily 3LB (reversal is 1378.80). Must have the precious.



EURUSD
Bullish short day (previous day too short for bullish thrusting). Midpoint below EMA(10). Below its 38.2% retrace at 1.3121. Below all SMA's. No daily 3LB changes (reversal is 1.3395).



JNK
Spinning top day. Midpoint below EMA(10). Failing the Gann 4x1. Back below SMA(21) & SMA(89). No daily 3LB changes (reversal is 40.47).




10YR YIELD
Spinning top day. The 0.0% fibo retrace at 35.66 has held. Still below SMA(21). Below its 14.6% retrace (33.86). Midpoint below EMA(10). No daily 3LB changes (reversal is 32.36). Failing upper trendline.



DJ TRANS AVG
Bullish short day. Above all SMA's. Midpoint above EMA(10). New high on daily 3LB (reversal is 5108.60).





CRB
Bullish short day (morning star completed). Midpoint below EMA(10). Back above SMA(21). No test of 0.0% retrace. No daily 3LB changes (reversal is 332.80). Back above 23.6% retrace and weekly 3LB mid.



IQI
Bearish long day. Midpoint below EMA(10). Back below SMA(21). Back below its 14.6% retrace (11.74). No daily 3LB changes (reversal is 11.52). Bill to allow States to file bankruptcy…probably not a good idea.



XLF
Bullish short day. Midpoint above EMA(10). Still above all SMA's. No test of new 0.0% retrace. Failed the 14.6% retrace (16.20). No daily 3LB changes (reversal is 16.01).



STFU Everyone! - I'm trying to watch a football game for God's sake!

I'm going to dispense with the big intro here because everyone knows that the subject matter is...

Since nobody on the internet seem to be football fans, and instead seem to who have nothing better to do than think of ways to blame Sarah Palin or Goerge Bush for everything... I'm going to assign you some afternoon reading...

The the 'core' of the Ritholtz and his merry band of socialists argument seems to be the wording that Sara Palin has used recently... "Take Aim" (as if there's some kind of covert subterfuge going on - that it's the CODE WORD that is suppose to flip a million Imperial Storm Trooper clones to fight against the Jedi Knights)...

Note: I'm not coming out in DEFENSE of Sarah Palin here, I'm just coming out AGAINST fucking idiots who use any opportunity they can conjure to "flame"  (because, well, that's what "flaming" [insert TYPE of flamer here]'s do)...

Here are some of the ways "Take Aim" have been used by RIGHT WING ANARCHISTS in the past (you'd be surprised WHO is a right wing anarchist)...

Take Aim Against Cavities

A fucking toothpaste... Don't use toothpaste people... It's probably C-4 explosive meant to blow your mouth up...

Take Aim Against Bow Hunting

Hey... I thought Ted Nugent was the Right Wing Jackass... Looks like the liberals are fixing to gun him down... Which proves the point... NEVER bring a bow and arrow to a gun fight...

Take Aim Against HPV

Human PAP virus... I thought liberals were hippie losers from the 60's... all about "free love" & shit... No so much anymore... "CLAP" your hands togetha if i can get a witness!...

Take Aim Against Drunk Driving

Those fucking Minnesota jerks! Communists who don't want you to drink & drive... If you don't blow a 2.0 everytime you get behind the wheel, they'll be around to gun you down... Whose riding shotgun?

Sierra Club Take Aim Against EPA (Sierra Club)

Never associated sarah Palin with "tree huggers" did you?

Take Aim Against Cyber Bullying

Maybe that dude in Arizona thought the judge was a cyber bully... Maybe someone started a blog, and the blog "czars" said he couldn't comment or post what he felt in his heart... he felt he was being "bullied" and took aim... I suppose it could happen... Not in MY world though where people are allowed to air out their thoughts (and release their "pent up" anger with their minds instead of their guns - and not be FORCED into linear thought)...

Take Aim Against Cruelty to Circus Animals

I'm wondering where the "puppy lovers" (the "dog blog") comes down on this... Dilemmas Dillemas Dilemmas...

Take Aim Against Lung Cancer

Go ahead... Light up! But then no wait... Quit, and go on the attack... Then KILL all the smokers and steal all their cigarettes...

Yoga Takes Aim Against Wrinkles

So you thought the LuluLemon crowd were little fairy pacifists didn't you? Little did you know that they were all card carrying members of the Sarah Palin fan club...

Greens Take Aim Against Oil Shale

If you can't beat em (the drill drill drillers)... Kill em!

Take Aim Against Financial Crimes

Don't worry about punishment... You'd have the bankers on your side... They know very well to sidestep the law...

Take Aim Against Public Corruption

If you're a liberal, and think the "take aim" phrase is dangerous, I guess you'd be against any movement to curb public corruption... 

Kentucky Basketball Takes Aim at 2,000 Wins

I'm guessing that kentucky basketball will now 'forfeit' all its games from here to eternity because of the mess that sarah Palin has created...

High Schools Takes Aim at State Championship

Oh yeah... And it's gonna 'bleed' (no pun intended) all the way down to the high school level...

Take Aim (Action) Against Illegal Medicines

I thought you liberals all wanted universal healthcare... I guess you're all just Big Pharma supporters...

IRS Takes Aim Against Tax Cheaters

Don't "take aim" against tax cheaters... The liberals would prefer you to "cheat away at will"...
Democrats Take Aim Against De-Regulation

It must be confusing to wake up every morning...

Unions Take Aim Against the Services Directive...

Ditto

Bankruptcy Attorneys Take Aim Against MERS

They d rather have you "out of your house for no reason" than to "take aim" against any injustice...

Take Aim Against High Blood Pressure

Eat all the fried food you want... If you went the Sarah Palin route and didn't "take aim"... well, I shudder to think!

Environmentalists Take Aim Against water Management Plan

Polluted Water for Everyone!

Red Sox Take Aim at 4th Straight against the Twins

Jeez, it must be hard if you have your allegiance tied between these two towns and ballclubs... You probably wake up every morning with a gun in each hand pointed at your head wondering which trigger to pull...

French Unions Take Aim Against Sarkozy

Those 'cheese eating surrender monkey communists'... And I always thought Sarah Palin got her inspiration from Moose...

Firefighters Take Aim Against Blaze

Liberals!... "Burning down the house" (since 1776)...

Sexy Models Take Aim in Photos

This is CV's version of taking aim... Oh no! That doesn't make me a Palin supporter does it?

Londoners Take Aim Against Slowpokes

We learned everything we know from the Brits... I think the Brits need to take it easy here... After all, they were all raised on The Benny Hill Show... They ought to give slowpokes a moment to compile their travel pictures to entertain the two people on the planet who are interested in what the fuck they have to say...

And the "piece de la restance"... For all you who are worried about Sarah Palin... (Well, CV doesn't even have to leave his own back yard to find this)...

Joe Manchin (D. WV) I'll Take Aim Against Cap & Trade



http://www.npr.org/templates/story/story.php?storyId=130888515

Peeps... Perhaps Sarah Palin just watched too much Charlies Angels, or James Bond movies... Chill out and go back to your bird stories... And leave me with "my" birds (the Ravens)...


Disclosure/Warning

This blog should not be interpreted as investment advice of any kind. The authors are NOT representing themselves CTAs or CFAs or Investment/Trading Advisor of any kind. The authors may or may not trade in the markets discussed. The authors may hold positions opposite of what may by inferred by this blog.The information contained in this blog is taken from sources the authors believes to be reliable, but it is not guaranteed by the authors as to the accuracy or completeness thereof and is presented here for information purposes only. Commodity trading involves risk and is not for everyone.