Market Scheming Blog has moved - Economic, Fundamental, and Technical Analysis

Market Scheming Blog has moved - Economic, Fundamental, and Technical Analysis
New Blog - Check it out http://marketscheming.com

S&P500 breaks out of triangle November 17th 2011

Will the move be confirmed?  That is the question but a clear breakdown in the S&P 500 occurred today.

Trade with caution, Europe is by far from solved.  The US "supercommittee" has failed until now to agree on a solution.  China has stood its ground on many issues, demonstrating a shift of power to the east.  Japan is continuing to print to keep the Yen from appreciating.     

The purple line is where I see as a huge level.

See   Long term forecast For an explanation of the significance

S&P500 In a Triangle - Options Expiration Week - Beware of Volitility

S&P500 Hourly Chart

With momentum (MACD) waning, watch for increase in volatility as the market works out of this triangle.  The move will be explosive either way.

Google Analytics | New Feature: Visitor Flow

Interesting new feature I found on Google Analytics.  For businesses, this could be used to target adwords keywords / build advertisements for each region.

S&P500 Drops after LCH hikes Margins on Italy Bonds

UPDATE: Italian Bonds Sink As LCH.Clearnet Ups Margin Calls
From the Wall Street Journal 

The yield on the benchmark 10-year bond soared by 45 basis points to 7.12%, according to Tradeweb, above the psychological 7% mark that prompted Greece, Ireland, and Portugal to seek external assistance as funding costs became unsustainable.

Yamana Gold (TSX: YRI) (NYSE: AUY) - Q3 Results released 11/2/2011

Yamana Gold (TSX: YRI)  (NYSE: AUY) - Q3 Results released 11/2/2011

Highlights: Yamana Gold Announces Third Quarter 2011 Results

• REVENUE INCREASES 22%
• OPERATING CASH FLOW INCREASES 57%
• RECORD ADJUSTED EARNINGS INCREASES 63% 

Yamana Gold CEO Peter Marrone said:

“We continued to focus on delivering growth across all measures, enhancing shareholder value and generating significant cash flow in the third quarter,” 

 Production Highlights:

The miner sold 214,980 ounces of gold, 2.6 million ounces of silver and 38.7 million pounds of copper in the quarter compared with 217,094 ounces of gold from continuing operations, 2.5 million ounces of silver and 43.5 million pounds of copper from continuing operations a year ago.

 Dividend Highlights

The gold miner said it would now pay a quarterly dividend of 5 cents per share, up from 4.5 cents last month and 3 cents in April.

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EURUSD Short term Triangle - Technical Analysis - November 2, 2011 12:52 AM EST

I would not be surprised to see this triangle breakdown and make a run for short term lows.  No news is bullish for the EURO, the deal that was reached last week to save the Eurozone has been tossed out the window with the Greek Referendum called.  No one can expect a country that is being squeezed by an economic slowdown along withe riots and crippling strikes, will vote for more pain in the short run.