60 Stoch been over 80 since yesterday; MACD rcycling back to 0,
and price coming down towards 50 SMA; maybe anothzer move up later
today, and then a pullback tomorrow?
Update: Apple is
reporting revenue of $54.51 billion, and EPS of $13.87 per
share.
Despite what appeared to be a trade-halt notice, the shares are
still changing in after hours, currently down $24.31, or almost 4%,
at $489.63.
The company sold
47.8 million iPhones in the quarter, missing
the most bullish estimates for 47.8 million, and sold
22.9 million iPads, roughly in line with most
estimates.
We welcome the Bundesbank's announcement to repatriate
significant portions of Germany's gold held abroad.
All reasons cited in the past for this storage had either
been false or at least outdated since 1990 (with the end of the
Cold War and the theoretical military threat to the Bundesbank's
domestic gold vaults).
We are also satisfied that propaganda arguments (e.g.
"chauvinistic/nationalistic demands for repatriation,"
"repatriation too expensive," "absurd debate questioning the
integrity of US/UK central banks," etc.) have not been repeated at
the Bundesbank's press conference today. Actually, by announcing
some repatriation, the Bundesbank has implicitly acknowledged our
point of view of gold as real money and integral part of a nation's
monetary reserves.
But we do not approve of the speed and volume of the planned
repatriation.
The Bundesbank has just announced that it will repatriate
only 675 tonnes by 2020 by then bringing the total of German gold
held in Germany to approximately 50 percent (1,700 tonnes) of total
German gold reserves. The Banque de France will allegedly be given
up as a Bundesbank storage facility (374 tonnes) and up to 300 of
1,535 tonnes will be repatriated from the New York Fed.
In our view, there is a lot of room for speeding up and
increasing the volumes for this repatriation.
In addition, the Repatriate our Gold campaign insists on
proper and independent physical and full audits of the Bundesbank's
own vaults in Germany. This includes the publishing of bar number
lists, which has been overdue for years. These gold bar number
lists are important to prove or disprove multiple ownership of
specific bars which could have come about through gold loans. This
is one more reason to audit and repatriateall gold bars -- as an
incomplete audit and incomplete lists would not fulfill this
important purpose.
To quote from the statement of purpose of the Repatriate Our
Gold campaign:
"Gold has been natural money for thousands of years. It has
been used throughout history either as physical coinage or as the
solid cornerstone for stable paper currencies. Up until 1913 most
Western societies prospered and grew steadily and naturally under a
monetary standard with at least partial gold backing. The gradual
abandonment of the gold backing throughout the 20th century and the
ultimate delinkage of all currencies from gold in 1971 is the
fundamental cause of the ongoing inflation (the U.S. dollar has
lost 98 percent of its purchasing power since 1913) as well as the
main reason for the global financial crises since 2007. We believe
it is essential to re-introduce a partial gold backing for the
world's monetary system. And to back future national currencies,
the gold needs to be physically present in the respective country.
Gold needs to be re-monetized -- at least on a voluntary basis as a
means of payment the people are free to choose at any time.
"We therefore campaign for:
"-- Independent, full, neutral, and physical audits of the
gold hoards of the world's central banks.
"-- The repatriation of all central bank gold; that is, the
physical transport into the respective ownership countries."
thanks hazbin1, the Java security problem is very real,
according to several authoritative sources. Best to at least
deactivate Jave Plugin, or even better uninstall compltetely until
the patch is available.
There is also a security problem with Flash Player - please
check that you have installed the latest version 11.5.502.146.
The community is delayed by three days for non registered users.
morton, thanks for sharing JCP
JCP
Posted by isplat on 25th of Mar 2013 at 09:50 am
morton, thanks for sharing JCP a while back... dropping nicely!
Full height of H&S measures
SPX 30 min
Posted by isplat on 19th of Mar 2013 at 01:18 pm
Full height of H&S measures approx. 13 handles. 1550 (neckline) - 13 = 1537 = S2 roughly. Looks like an objective target.
SPX
Posted by isplat on 7th of Mar 2013 at 03:25 pm
some serious resistance here at 1545 - 1545.50
Unbelievable indeed - other headlines
Posted by isplat on 7th of Mar 2013 at 12:20 pm
Unbelievable indeed - other headlines include:
"Sarah Palin Appointed Visiting Scholar at Harvard", and
"Pope Benedict Comes Out as Gay"
LOL!
SPX 5 min
Posted by isplat on 5th of Mar 2013 at 12:47 pm
60 Stoch been over 80 since yesterday; MACD rcycling back to 0, and price coming down towards 50 SMA; maybe anothzer move up later today, and then a pullback tomorrow?
Hi Matt, nice pick on
BAX follow up
Posted by isplat on 5th of Mar 2013 at 10:42 am
Hi Matt, nice pick on BAX. What would be an objective target here... from the low at 65.89 to break point at 69.35 is roughly 3.50
Would a target of 69.35 + 3.50 = 72.80ish be realistic?
Many thanks.
Food for thought there, kalinm,
Many similarities to May 2010 "flash crash"
Posted by isplat on 22nd of Feb 2013 at 04:32 pm
Food for thought there, kalinm, excellent analysis, thanks very much!
... and the MAs bunching
SPX 5 min
Posted by isplat on 8th of Feb 2013 at 02:07 pm
... and the MAs bunching up right below the price.
SPX 5 min
Posted by isplat on 8th of Feb 2013 at 01:42 pm
flagging, 60 stoch above 80 all day, MACD recycled to almost zero... looks like a good chance of a pop up soon.
SPX 5 min
Posted by isplat on 5th of Feb 2013 at 12:20 pm
has a bull flag look to it... would make a nice divergent high if it were to pop up to R2 at 1520-ish.
SPX 5 min
Posted by isplat on 29th of Jan 2013 at 11:29 am
popped out of its ascending triangle. Measured move to about 1510 or so? Matt, any comments?
Here you go:
Looks like AAPL disappointed - anyone have the results yet?
Posted by isplat on 23rd of Jan 2013 at 04:36 pm
Update : Apple is reporting revenue of $54.51 billion, and EPS of $13.87 per share.
Despite what appeared to be a trade-halt notice, the shares are still changing in after hours, currently down $24.31, or almost 4%, at $489.63.
The company sold 47.8 million iPhones in the quarter, missing the most bullish estimates for 47.8 million, and sold 22.9 million iPads, roughly in line with most estimates.
http://blogs.barrons.com/techtraderdaily/2013/01/23/aapl-halted-ahead-of-fyq1/?mod=yahoobarrons
Looks like AAPL disappointed -
Posted by isplat on 23rd of Jan 2013 at 04:32 pm
Looks like AAPL disappointed - anyone have the results yet?
jeeeepers, who just reported???
Posted by isplat on 22nd of Jan 2013 at 04:18 pm
futures spiking!
edit: ok, so that was GOOG, I asume...
plus divergent high on SPX
started a small position on SOXS and TZA looking for ...
Posted by isplat on 17th of Jan 2013 at 03:55 pm
plus divergent high on SPX and 60 Stochastic on 5 min been over 80 all day... recipe for a pullback, at least.
OOOPS - got beaten to it
Bundesbank Official Statement On Gold Repatriation
Posted by isplat on 16th of Jan 2013 at 11:56 am
http://www.zerohedge.com/news/2013-01-16/bundesbank-official-statement-gold-repatriation
This is the response today from Germany's Repatriate Our Gold campaign.
Statement by Peter Boehringer
on behalf of
Repatriate Our Gold
and the German Precious Metals Association
http://www.gold-action.de/campaign.html
http://www.gold-action.de/
Wednesday, January 16, 2013
We welcome the Bundesbank's announcement to repatriate significant portions of Germany's gold held abroad.
All reasons cited in the past for this storage had either been false or at least outdated since 1990 (with the end of the Cold War and the theoretical military threat to the Bundesbank's domestic gold vaults).
We are also satisfied that propaganda arguments (e.g. "chauvinistic/nationalistic demands for repatriation," "repatriation too expensive," "absurd debate questioning the integrity of US/UK central banks," etc.) have not been repeated at the Bundesbank's press conference today. Actually, by announcing some repatriation, the Bundesbank has implicitly acknowledged our point of view of gold as real money and integral part of a nation's monetary reserves.
But we do not approve of the speed and volume of the planned repatriation.
The Bundesbank has just announced that it will repatriate only 675 tonnes by 2020 by then bringing the total of German gold held in Germany to approximately 50 percent (1,700 tonnes) of total German gold reserves. The Banque de France will allegedly be given up as a Bundesbank storage facility (374 tonnes) and up to 300 of 1,535 tonnes will be repatriated from the New York Fed.
In our view, there is a lot of room for speeding up and increasing the volumes for this repatriation.
In addition, the Repatriate our Gold campaign insists on proper and independent physical and full audits of the Bundesbank's own vaults in Germany. This includes the publishing of bar number lists, which has been overdue for years. These gold bar number lists are important to prove or disprove multiple ownership of specific bars which could have come about through gold loans. This is one more reason to audit and repatriateall gold bars -- as an incomplete audit and incomplete lists would not fulfill this important purpose.
To quote from the statement of purpose of the Repatriate Our Gold campaign:
"Gold has been natural money for thousands of years. It has been used throughout history either as physical coinage or as the solid cornerstone for stable paper currencies. Up until 1913 most Western societies prospered and grew steadily and naturally under a monetary standard with at least partial gold backing. The gradual abandonment of the gold backing throughout the 20th century and the ultimate delinkage of all currencies from gold in 1971 is the fundamental cause of the ongoing inflation (the U.S. dollar has lost 98 percent of its purchasing power since 1913) as well as the main reason for the global financial crises since 2007. We believe it is essential to re-introduce a partial gold backing for the world's monetary system. And to back future national currencies, the gold needs to be physically present in the respective country. Gold needs to be re-monetized -- at least on a voluntary basis as a means of payment the people are free to choose at any time.
"We therefore campaign for:
"-- Independent, full, neutral, and physical audits of the gold hoards of the world's central banks.
"-- The repatriation of all central bank gold; that is, the physical transport into the respective ownership countries."
thanks hazbin1, the Java security
virus alert
Posted by isplat on 11th of Jan 2013 at 03:27 pm
thanks hazbin1, the Java security problem is very real, according to several authoritative sources. Best to at least deactivate Jave Plugin, or even better uninstall compltetely until the patch is available.
There is also a security problem with Flash Player - please check that you have installed the latest version 11.5.502.146.
SPX 5
Posted by isplat on 3rd of Jan 2013 at 10:35 am
heading for another divergent high?
SPX 5min
Posted by isplat on 21st of Dec 2012 at 12:49 pm
divergence... will it play out?
AEE
Posted by isplat on 20th of Dec 2012 at 09:37 am
another goodie! Thanks Matt & Steve.