AmenRa's Corner

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



Creditcane™: I'm having so much fun destroying the bulls and the bears this week.



SPX
Shooting star day (hair is at least 2x the body and it gapped higher). Midpoint above EMA(10). Back above the trendiness (3/6/09-7/1//10) and (2/5/10-5/6/10). Above the SMA(21), SMA(55), SMA(89). Tested and failed 1110.02 (the .09 fibo from high). No daily 3LB changes (reversal is 1051.87). QE2infinity.



DXY
Bearish short day. Still below the SMA(21). Midpoint below EMA(10). Still wants to head for its 50% retrace. No daily 3LB changes (reversal is 82.92).



VIX
Bullish short day. Midpoint below EMA(10). Below weekly 3LB mid and monthly 3LB mid. Still below all SMA's. No daily 3LB changes (reversal is 24.45). Trending down on daily 3LB.



GOLD
Bearish long day (confirmed bearish harami). Or was there a massive margin call somewhere? Still above all SMA's. Midpoint above EMA(10). Was heading towards the 0% retrace. No daily 3LB changes (reversal is 1239.90).



EURUSD
Spinning top day again. Midpoint below EMA(10). Held the 23.6% retrace. Still below the 4x1 Gann and the SMA(21). It's above the trendline (11/27/09-3/17/10). No daily 3LB changes (reversal now 1.2878).



JNK
Bullish short day. Finally closed the gap. Above the SMA(21), SMA(89) & SMA(144). Midpoint above EMA(10). No daily 3LB changes (reversal is 37.72).



10YR YIELD
Bullish long day. The new 0.0% fibo retrace at 24.69 is holding. Closed above the 14.6% retrace (26.94) and weekly 3LB mid (27.60). Midpoint above EMA(10). Above the SMA(21). New high on daily 3LB (reversal is 24.77).



AUDJPY
Spinning top day. Midpoint above EMA(10). Above all SMA's. No daily 3LB changes (reversal is 78.0554).




TLT
Bearish long day. Back below the SMA(21). Midpoint below EMA(10). Almost at gap support (102.45). New low on daily 3LB (reversal is 106.00). Trending down on the daily 3LB.



DJ TRANS AVG
Bearish thrusting day. Still above the upper trendline and all SMA's. Midpoint above EMA(10). No daily 3LB changes (reversal is 4283.41). Trending up on the daily 3LB.




15 comments:

CV said...

@Amen

SPX
"Shooting star" day...

Let's provide some musical accompaniment to that...

http://www.youtube.com/watch?v=d5qGhqbXsLM

CV said...

@Amen

I didn't think to do this before... But looking at that bearish harami on GOLD, it made me think to take a look at the MONTHLY 3lb scenario on gold...

It's hard to think, in this moment, that the 11/09 close wants very much to get reversed...

It's got my attention...

CV said...

also on the VIX...

The last time the 10MA crossed over the 144MA was in early August...

At that point, the candles kind of flatlined for about a week... But the indices didn't do much, then finally gave way)...

I wonder if, sort of, the same thing might occur (being the RH-YK period)...

One SELL signal that I tend to lean on with equities is when the VIX pierces its WEEKLY BB's to the downside...

We're really not there yet on a WEEKLY basis, but the lower BB is moving up sharply, and if the VIX does another job like it did in August, we could be approaching that type of scenario by the end of this month...

It would appear that the bulls are attempting to not GORE the bears to death, but BORE them to death...

It's kind of working thus far...

CV said...

@karen

In any case... CV isn't going to be BORED tonight...

Game ON! (NFL)...

I'm going with the "Stellas" in your honor...

AmenRa said...

CV

My "star" songs: http://www.youtube.com/watch?v=vwc0AW67CmA and http://www.youtube.com/watch?v=WL-4rTYUFLI

CV said...

"It's STAR time, it's STAR time"...

LOL - That was always a DJ sample that they used to cut into techno-rap songs in the 90's...

I'm gonna go try and find some examples (straight from the top of my dome - while I rock the microPHONE)...

CV said...

@Amen

Here you go... :14 seconds in...

http://www.youtube.com/watch?v=lWBtQeYAYoM

CV said...

@Amen

That was STRAIGHT FROM THE TOP OF MY DOME...

http://www.youtube.com/watch?v=FXnT5NnHYEQ

call me ahab said...

now this is unconscionable-

A surprising number of Americans are unaware that Colonel Sanders was real. - CNBC

maybe he will become a myth like Robin Hood or the Knights of the Round Table-

and tonight's game- Favre- minimum 3 picks

72bat said...

begining of last season , there were so many bad calls/reviews in the first 3 weeks, i almost did not want to watch the rest of the season.
tonight, kleinsasser was robbed

Nic said...

OK I am bearish Gold. Sorry Gold bugs.
Strong dollar, Possible double top, bearish evening star on the daily. If we break out of the rising channel from July lows I am a seller looking for 1200 again.

karen said...

Nic, I <3 you.. no apologies to this bug as I am so so so bearish gold as we in so cal say : )

$1200?! C'mon! can't we see lower than that?!

CV, I bot a case of Stellas in your honor yesterday.. Afraid to refrigerate them tho.. as soon as they go in, they come out..

karen said...

Speaking of bugs and buggers.. $wtic.. what was that today?! hoping it was a gift, I am.

AmenRa said...

Gold almost made it back to its previous high but got scared.

CV said...

NEW THREAD

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