AmenRa's Corner

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



Creditcane™: For Japan I'm Godzilla. For the US I'm Cloverfield. I'm stomping like crazy. Find a safe place.



SPX
Bearish harami day. Midpoint above EMA(10). Still above the trendlines (3/6/09-7/1//10), (2/5/10-5/6/10) & (4/26/10-8/9/10). Above all SMA's. Above 1110.02 (the .09 fibo from high) and was heading for 1151.86 (the .0557 fib from high). No daily 3LB changes (reversal is 1125.07). QE2infinity.



DXY
Morning star day (needs confirmation). Below all SMA's. Midpoint below EMA(10). Still below its 61.8% retrace at 79.72. New low on daily 3LB (reversal is 80.45).



VIX
Doji day. Midpoint slightly above EMA(10). Below weekly 3LB mid and monthly 3LB mid. Still below all SMA's. No daily 3LB changes (reversal is 23.89). Trending down on daily 3LB.



GOLD
Spinning top day again. Still above all SMA's. Midpoint above EMA(10). Failed retest of new 0% retrace. No daily 3LB changes (reversal is 1279.30).



EURUSD
Evening star day (needs confirmation). Midpoint above EMA(10). Still failed to test its 50% retrace. Above all SMA's. No daily 3LB changes (reversal is 1.3076).



JNK
Evening star day. Above all SMA's. Midpoint above EMA(10). Tested and failed the 85.4% retrace. No daily 3LB changes (reversal is 39.71).



10YR YIELD
Bearish long day. The 0.0% fibo retrace at 24.69 has been holding (but now is in sight). Below the 14.6% retrace (26.94), still below the weekly 3LB mid (27.60) and the SMA(21). Midpoint below EMA(10). No daily 3LB changes (reversal is 24.99).



AUDJPY
Doji day (and stuck in Fridays shadow). Held its 61.8% retrace. Midpoint above EMA(10). Above all SMA's. No daily 3LB changes (reversal is 79.5419).



DJ TRANS AVG
Bearish thrusting day. Holding above the upper trend line and all SMA's. Midpoint above EMA(10). No daily 3LB changes (reversal is 4382.93).



AAPL
Bearish engulfing day. Above all SMA's (duh). Midpoint above EMA(10). Long hair on 9/23, doji on 9/24 and engulfing on 9/27. Someone already left the building. No daily 3LB changes (reversal is 283.77).



44 comments:

wunsacon said...

>> CV believes the game, by CEO's & board members... NOWADAYS... Is to extract every last dime out of a company...

No doubt you saw this: ZH reports "1,400-to-1" recent ratio of insider buying to insider selling!

ben22 said...

What do you see on this chart?

http://www.google.com/finance?q=pgn

anyone?

anyone?

http://www.inthemoneystocks.com/n_rant_and_rave_blog_single.php?id=9844

AmenRa said...

Ben

No volume while at its 52wk high?

ben22 said...

Ra,

all I know is, it aint healthy....and that's not a penny stock.

it's only a matter of time before another one across the board

wunsacon said...

Gonna hop on the treadmill for a couple hours. Feel free, anyone, to skewer my thinking...

Andy T said...

"karen said...
BTW, that Tepper commentary/video reminds me of Cayne saying, ..as long as the music is playing you've got to get up and and dance."

I found that interview borderline "obnoxious" and I'm probably the most libertarian/capitalist guy you can find. If I was Fed Governor watching that interview I would be thinking: "Oh yeah? Thanks for front running me. I'm going bend you over first asshole."

CV said...

Let the bending begin...

and let it start with Tepper & Paulson

Andy T said...

Sorry to bring that comment up...I read the rest of the blog today and realize I'm wait to a lot of discussion. Forget it please.

Andy T said...

From CV:

"But to them, it feels good, just aligning themselves with Mr. Barry Libertarian...

I wish I hadn't gone there or read the comments... What had been just an average boring day has now become annoying..."

Yeah....

Ugh....

The need to read an "Economic Interpretation of the Consitution" someday....

It could be argued that the entire Constitution was founded in the interests of corporations....

CV said...

I know a guy who put a half unit on a parlay...

TITANS-FALCONS-VIKINGS-COWBOYS-EAGLES & he has the PACKERS tied in to that for a 46-1 payout...

Very smart guy... He's "hedging" that payout with a 6 unit play on the BEARS tonight...

That's how it's done folks!

- Packers win - he wins 23-1 on a 1 unit play
- Bears win, he loses a half unit, but cashes in on a 6 unit play...

BULLS MAKE MONEY - BEARS MAKE MONEY - PIGS GET SLAUGHTERED!

That's why CV is on the sidelines tonight...

Why turn a winning week into a losing one?

ben22 said...

there is a new phrase that we need to implement into the daily discussion:

total conviction environments

AmenRa said...

Ben

PGN also had a flash crash where it traded down to $4 from $44 the other day. Instead of NASDAQ canceling all trades below the NBBO price before the crash they used a 15% cutoff. There should be some lawsuits because that seems arbitrary.

CV said...

I should have said, the 23-1 payday gets haircut down by 7 units, but it's still a nice payday...

Anyway - I'm sure everyone here gets the point...

ben22 said...

AT,

re: Tepper

total conviction environment

these never end well, especially when everyone "knows"

couple his video with the spanish prime ministers....

CV said...

@ben

CONVICTION ENVIRONMENT...

Ha!

My favorite comment, by, um, ME today (ror) was my (3:18)...

"It also reflects an uncertainty as it pertains to the direction of stocks"

BWAAAAAAAAAAAAAAAAAHHHAAAAAAAAAAAA!

OK - Cv is going to sign off right now... Someone - please wake me up when there is CERTAINTY as to which direction prices will go, then I'll jump in with two feet...

ROR!

ben22 said...

Ra,

I'm ashamed to say it but I had not realized it appears this is going on with other stocks, not just PGN.

gives me a sick feeling in my stomach

as for lawsuits, the SEC should be first in line to get one as far as I'm concerned.

CV said...

"Someone - please wake me up when there is CERTAINTY as to which direction prices will go, then I'll jump in with two feet...

ROR!"

Oh wait - Let me re-phrase that...

"Someone - please wake me up when there is CERTAINTY as to which direction prices will go, then I'll jump in with two feet...THE OTHER WAY"...

CV said...

...; but the Mannwich Indicator is working fine for the time being...

ben22 said...

did anyone go see the movie this weekend, I missed if anyone said they did earlier?

I'm not paying to see that in the theatre.
Shia apparently went from 20k to 650k in his schwab account (in real life)

ben22 said...

"Anyway - I'm sure everyone here gets the point..."

Is it to buy silver coins? That's what I think.

CV said...

@MCF (7:58)

You're killing me man! :-)

CV said...

I'm checking out for a little...

C'MON MAN is on in about 15 minutes...

ben22 said...

I'm rooting for the bears tonight big time


Daaaaa Bears

oh, and to clarify, this is for football

ok, and the market....

Bruce in Tennessee said...

Interesting day. Pulling for the bears. Bought a little ECH today. We'll see you guys tomorrow.

CV said...

C'MON MAN

LMFAO - Ok... So the "highlight of C'MON MAN this week was Chris Berman going off about Carl Cheffers (who was the head ref in the Dallas-Houston game that Andy T was at over the weekend)...

Which reminds CV about his PRE-GAME analysis for this past weekends thread...

CV said...

OK... I'll refrain from making any more excuses... But you people "rolling your eyes" right now (you know who you are)... Guess what?... Carl Cheffers has been named the head referee for the Houston/Dallas game this Sunday (game write up later)... I'm going to say this one time, and one time only... I'll give you a PERSONAL GUARANTEE that when the Cowboys win by a slim margin (which they will)... You all will be doing the same REF BITCHING that I'm talking about right now...

Ok - so the only thing I was wrong about was that the Cowboys didn't win by a slim margin... THEY BLEW HOUSTON OUT...

But my FOCUS was on the ref...

CV is trying to slowly gain the trust of readers here about NFL knowledge...

---

Like tonight... and CV's unwavering insistence to REACH for Aaron Rodgers in the first round of ALL fantasy drafts...

Things will be come cleared as tonight's game (and the season) unfolds...

& now that I said that... Julius Peppers will probably send him out of the game with a broken clavicle...

Please DOG... No! :-)

CV said...

& CV is going to say this before anyone else will...

The PACKERS need to make a move to trade for MARSHAWN LYNCH (from the Bills)...

A "Cal" grad (who knows Aaron Rodgers, from playing days)...

The Bills SUCK... Will probably draft first next year... And they have CJ Spiller & Fred Jackson...

They just cut Trent Edwards, and instead are going with NOODLE ARM Harvard Grad RYAN FITZPATRICK as their QB...

To all you "uninitiated" out there... This tells you that the BILLS have already MAILED IT IN for the rest of the season...

It's rebuilding city...

Sell EVERYTHING that's not bolted down... STARTING WITH MARSHAWN LYNCH... The Packers ought to make a deal for him... Brandon Jackson & DeShawn Wynn are NOT the answers for a team which OUGHT to represent the NFC in this years SUPER BOWL...

ben22 said...

yeah this makes sense, Forte looks good on his first 4 runs so the bears seem to abandon the run completely.

CV said...

Forte will probably make more RECEIVING yards than RUSHING yards this year...

That said...

I'm HOPING that Cutler dials up a drive here with the Crosby kick OB... before halftime...

Take it to 10-7...

Or better... Give the PACK one more chance AFTER 10-7 to score b4 halftime...

I-Man said...

LOL Ben...

I'm like 25 min behind, came to check in with yall, and had the same thoughts about the bears run game... wtf?

Do they WANT Cutler to implode?

Andy T said...

BR in rare form tonight....he asked when someone "jumps the shark"....

I had to point out his comment:

"BR: ZH is a blogger who covers Wall Street.
I am a Wall Streeter who blogs.

So while he was typing, I was speaking to our clients, doing a Tech Ticker interview for Yahoo, a radio interview, and then making arrangements with NBC World News Tonite."

Ugh.

karen said...

good evening..

Bruce! this will be fun to watch.. i would have waited for a moderate pullback even if you are a bull. you bot at an all time high when the weekly chart is fairly ominous in my mind.. if you wanna throw around.. dto if for you.. : )

Andy.. re: Tepper.. perhaps you didn't see my link to the nymag interview.. David Tepper—whose hedge fund made a killing during the crash by betting the government wouldn’t let the big banks fail—is coming out of the billionaire closet.

http://nymag.com/news/features/establishments/68513/?imw=Y&f=most-viewed-24h5

Ben, you know I was a link posting fiend today but I just ignored the ZH flash crash stuff.. are those bad ticks? or something more serious..

karen said...

Blogspot makes me crazy.. I posted but it didn't take.. then I went to email and return to see that I need to submit again.. Good news, tho.. my son is out of the hospital after 12 1/2 days!

karen said...

You all saw this, right?

http://www.zerohedge.com/article/jumping-sharks-barry-ritholtz

I-Man said...

This blog drama stuff is getting very entertaining...

And ego's getting larger.

karen said...

Too true, I-Man.. and I regret posting at TBP because I find it is always best to keep my opinions to myself! Silence is golden : )

ben22 said...

karen,

as far as I know it is not a bad tick, wasn't aware ZH was covering that, just had seen reference to the ticker somewhere.

karen said...

ben.. here is the first ZH post that I remember this morning (well, MY morning.)

http://www.zerohedge.com/article/44-4-less-second-todays-flash-crash-brought-you-courtesy-nasdq-and-broken-circuit-breakers

AR.. forgot to thank you for your jolly wrap! Let's see if there is any follow-thru tomorrow.. all is well in futures land..

karen said...

the great thing about posting here is that I know CV has my back and will delete anything untoward : )

i really do not post anywhere else except with great exception...

CV said...

@karen

CV always has your back... JACK(ie)... :-)

CV said...

Oh... and by the way...

THE BEARS, now... Stand alone as the only undefeated team in the NFC in 2009...

Socioeconomics?

(because I haven't even looked at futures tomorrow)...

CV said...

oops...2010... ror

DL said...

Prices for CDS contracts on Irish government debt is at a record 487 basis points

http://tinyurl.com/2ek9utp

If it edges a little higher, that could be a catalyst to get the stock market bears off their asses.

AmenRa said...

Good morning. Futures are trying to stay positive again.

CV said...

new thread

Post a Comment

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.