AmenRa's Daily Candle Wrap

SPX
Doji day. Boring. Midpoint stayed above 10 SMA. No daily 3LB changes. Only 3 more days of QE!!!




DXY
Bearish long day. Gann 2x1 level held. Uptrend is back. Slight distribution due to supposed Greece solution. No daily 3LB changes.



VIX
Spinning top day. Tested the 50% fibo ext and passed. Held the 21 SMA. Midpoint still above 10 SMA. No daily 3LB changes.




GOLD
Bullish long day. Still below the 89, 55, 21 and 10 SMA's. Held the 144 SMA. Looks more like a search and destroy stops mission. No daily 3LB changes.



EURUSD
Bullish long day. Maybe 3/25/10 was an inverted hammer and this was confirmation. Still searching for a bottom (but it ain't over yet IMO). Midpoint is way below the 10 SMA. Next fibo level of 1.2935 is coming soon. No daily 3LB changes (I'd figured it would have had a reversal if all was well...NOT)


10YR BOND
Bearish harami day (body & shadow fully enclosed by previous body). Closed above weekly 3LB reversal price of 38.62 (so there is a weekly 3LB reversal up). No daily 3LB changes. Two different views with daily saying heading down and weekly saying heading up.

17 comments:

Mannwich said...

Seriously OT but I couldn't resist - check out the fake smile on McCain in the picture. It was such a good idea to pick Palin as his running mate, they thought it would be a good idea to go back to the well one more time. WTF?

http://thecaucus.blogs.nytimes.com/2010/03/26/palin-and-mccain-together-again/?hp

call me ahab said...

alright-

scanned the many comments from the previous thread and this post from b22 caught my eye-

"We need a Chick-Fil-A bill.

Just saying, I only want my fair share of chicken, all I want is what I have coming to me."

my feelings exactly(-:!! Where's my goddam chicken already and the pot to put it in???

also- I will finish this thought from CV-

"is the pope a Catholic?

Does a bear s**T in the woods?

also-

Does a cow shit in a pasture?

does Raggedy Ann have cotton boobies?"

does Pinocchio have a wooden schlong?"

alright- there's my intellect for the night-

as an aside- when I was a kid the saying use to be-

is the Pope Italian? But then we had John Paul II

CV said...

@ahab

My REAL question was...

Does the pope s*** in the woods?

But nevermind...

call me ahab said...

CV-

wow!! you are getting some serious comments working on this blog-

kudos!

I knew this blog would be a success

call me ahab said...

. . .and regarding the Pope-

maybe when camping as a kid in the German Youth movement

CV said...

@ahab

Mostly me just talking to myself... But I do appreciate people telling me I'm FOS... :-)

call me ahab said...

CV-

wow- very humble of you-

but dude- you put up some incredible posts- much thought and effort put into them-

your Olympic's post was unprecedented and w/o equal-

an incredible post that was

I-Man said...

ROCKY TOP!!!

Bruce in Tennessee said...

CV:

You are FOS.

You are very welcome.

(Damn it got cold again....when will winter end? Gore's gotta quit feeding his cows Beano...)

Bruce in Tennessee said...

http://politicalhumor.about.com/b/2010/03/09/funny-headline-of-the-day-republicans-turned-off-by-size-of-obamas-package.htm

Size matters...

CV said...

@Bruce

I think as far as Gore is concerned... Just paint cows assess white & i think that justifies his NOBEL...


Whatta guy!


Now why CV didn't think of that?... Guess I'm just a DUMB MF....

Pity!

STOP READING THIS BLOG PEOPLE!... FOR YOUR OWN GOODNESS & SAKE... Stop blogging NOW!

You only risk at your own peril going forward!

AmenRa said...

What I miss?

Bruce in Tennessee said...

http://www.telegraph.co.uk/health/healthnews/7529454/Hospital-wards-to-shut-in-secret-NHS-cuts.html

Hospital wards to shut in secret NHS cuts
Tens of thousands of NHS workers would be sacked, hospital units closed and patients denied treatments under secret plans for £20 billion of health cuts.

By Jon Swaine and Holly Watt
Published: 10:41PM GMT 26 Mar 2010

....Getting out again today...this is the problem as I see it from yesterday's discussion. Read the article.

There are better ways to cut the cost of medical care than what we decided on. The British are seeing that national health care is not private insurance. In 10 years,no 5, we'll have rationing too...just put it in your book.

Beautiful but cold day here in east Tennessee..back tonight.

2small2bail said...

x3 or 4 from yesterday on the week’s tape talk …

… great tape talk was abundant, and the humor was too
at the risk of being redundant, here’s the comic week in review …

#10. CV said … and yes you read that correctly... The Italian guy was doing Spanish real estate...

#9. (TIE)
I-Man said … “Inflection point, inschlection point...Show me the money.”
LB said … “It was years before LB realized that fish weren’t rectangular.”

#8. In response to “Let's take a PEEK to see how many barrels of oil Lloyd has squirreled away in his basement,” Lord Blankfiend said … They are over there, under that "TARP"

#7. Bill Gross said...We are having a good day at PIMCO, we read LEFTBACK daily for tips, because MOHAMED is too busy writing books !

#6. McFearless said … Which trend is my friend? Seems the unemployment trend, for example, is a friend of many.

#5. call me ahab said … I love looking at historical charts- I always say to myself-"man- why didn't they buy there- they would have made a fortune"- lol (editors note: the ‘lol’ WAS included in the original post)

#4 (a bit out of context) CV said … It's really not that hard to grow anything if you put your mind to it... I'm adding size …

Flash Quiz: Was CV talking about his
a) short market positions
b) vineyard under construction
c) something else (hopefully not spotted)

#3. DL said … “trading testicles” - Maybe you should try using a different organ

#2. McFearless said … sure, you can come in to our branch and get your gold and silver coins/bars, would you like a loli-pop on your way out?

And the number one funny shizz (to me) of the week was:

#1. McHappy said … full disclosure: I am talking out of my ass and my breath is surprisingly fresh

Now before you all go and link up Joe Pesci on me, I’ll save a few clicks …
Funny how?

Now, if we could just get that dude from Missouri with the great dogs to re-join the party …

Nic said...

WSJ says "don't be shocked by jobs boom next week":
http://blogs.wsj.com/economics/2010/03/25/dont-be-shocked-by-jobs-boom-next-week/

Hardly exciting if we get only the second net jobs gain since Dec07 but if I read one more story like this then I will be shocked if anyone is shocked, least of all Mr Market ...

QQQQ said...

@ Amen
CV ate some bad corn, he'll be better later on in the day.


Packing today, moving out of my other apartment in San Rafael, CA. fucking rent has jumped up again and so has the water bill and the sewer. $1800+/mo for a 1200 or so sqft gated pad is rediculous. Don't ever move to Marin County in CA unless you have ever increasing funds to live here.

Been listening to the Delgados while packing... interesting group...
http://www.youtube.com/watch?v=NSMLx44DqFc
http://www.youtube.com/watch?v=ioyyrM8lIzE&feature=related

CV said...

OPEN THREAD UP

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