AmenRa's Corner

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



Creditcane™: They only pay me enough to work mornings.



SPX
Bullish short day. Midpoint above EMA(10). Above all SMA's. Above 1110.02 (the .09 fibo from high) and above 1151.86 (the .0557 fibo from high). New high on daily 3LB (reversal is 1160.75). QE2infinity.



DXY
Bearish short day. Midpoint below EMA(10). Still below its 76.4% retrace at 77.60. Also below 78.41 (.0557 from low). No daily 3LB changes (reversal is 77.75).



VIX
Bearish long day (morning star implosion). Midpoint below EMA(10). Below weekly 3LB mid and monthly 3LB mid. New low on daily 3LB (reversal is 21.21). Still hanging out in the "no fear" zone.



GOLD
Hanging man day. Way above all SMA's. Midpoint above EMA(10). No test of new 0% retrace again. No daily 3LB changes (reversal is 1317.80).



EURUSD
Doji day. Midpoint above EMA(10). Held its 61.8% retrace at 1.3899. Above all SMA's. No daily 3LB changes (reversal is 1.3637).



JNK
Bearish short day. Above all SMA's. Midpoint above EMA(10). Closed back below the 100% retrace. No daily 3LB changes (reversal is 39.86).



10YR YIELD
Bullish long day (still struggling to close gap). The new 0.0% fibo retrace at 23.59 has held. Still below the weekly 3LB mid (27.60) and all SMA's. Midpoint below EMA(10). No daily 3LB changes (reversal is 24.56).



DJ TRANS AVG
Hanging man day (a fine example I might add). Holding above the upper trend line and all SMA's. Midpoint above EMA(10). No daily 3LB changes (reversal is 4576.47).



CRB
Bullish long day (evening star implosion). Midpoint above EMA(10). Above all SMA's. Tested and passed the Gann 1x1. New high on daily 3LB (reversal is 289.15).



WTI
Spinning top day. Tested and failed the SMA(233). Midpoint above the EMA(10). Held the 50% retrace at 81.07. No daily 3LB changes (reversal is 79.97).




LEFTBACK'S BOND REPORT

The Bond Report 10.12.10
- by Appointment to Her Majesty "QE2"

A quiet day. The 3y auction was indifferent, hardly a surprise at these low yields. 10y tomorrow, and a morning POMO. The long end sold off a bit today, something we will see more of in the future.

Corpies: LQD -0.15%; AGG -0.10%; JNK -0.10%; HYG -0.09%;
Govies: TLT -0.99%; IEI -0.18%; TIP -0.31%
Hedgies: TBT 2.15%

We had been short the long end, and we took the profits. Tomorrow is a POMO. After that, we may get short again, we'll see.



40 comments:

karen said...

AR, you are killing me : )

$tran interesting.. wonder what effect the CSX earnings will have on that tomorrow as their charts are so shockingly alike..

http://www.ritholtz.com/blog/2010/10/market-refuses-to-stay-down/

Leftback said...

The French strike might conceivably interrupt the carry trades for a day or two, if the markets ever actually notice what is going on outside....

ben22 said...

pretty cool jam for today, maybe new for some of you:

http://www.youtube.com/watch?v=5HHnDEnsdno

ben22 said...

also, just want to say....total conviction environment

try and count how many times you read "this market can't go down" today....bet it's more than 5, and it doesn't matter who says it, many many people are thinking it.

Social Mood baby, confusing, cause it aint physics.

I did not add to shorts on the spike this afternoon....will I? Doubtful at this point, best to step aside while everyone is going insane...or best for me to step aside anyway.

glta

karen said...

ben, i just posted a social comment that didn't take.. i'm adding up the "celebrity couple" splits and adding them to the no name splits... but at leat I'm not on the air with this fellow:

http://tmz.vo.llnwd.net/o28/newsdesk/tmz_audio/101210_arquette_stern.mp3

ben22 said...

Karen,

yeah my wife said something to me about cox/arquette last night, it's strange that I often feel bad for a second after hearing about the hollywood couples breaking up but that wears off pretty quick as marriage just seems like a big game to people in that world. those two had been together for a while, guess that makes it a little more of a shock.

I read somewhere once in a socionomics letter that more people will desire the single life during negative social mood/bear markets....lots of divorce in our practice these last couple of years that's for sure.

karen said...

Laura Dern-Ben Harper
Princess Bride-Sean Penn
Courtney Cox-David Arquette
Halle Berry-To Die For
Christina Aguilera-Jordan Bratman (had to look up his name)

i'm leaving out 1/2 a dozen.. Especially the Lesbian ones..

PLS, Just don't let Heidi and Seal split..
or Ellen and Portia : (

ben22 said...

don't think they were married but together a long time, Tim Robbins and Susan S....was that this year?

karen said...

That was a HUGE one.. Tim and Susan then..

Tipper and Gore
Uma Thurman and Arki

karen said...

Charlize and her bo..

call me ahab said...

what is this?

People Magazine?

I-Man said...

There is something about ES 1174.50...

Doubt the market closes above it, but could see intraday push to 1180.

Sorry if this has been hashed out already, I havent been paying any attention to ES lately.

But there is something about that 1174.5 I tell ya...

CV said...

Jeez - I'm changing the name of this blog from SURVIVAL CAPITAL to...

NO WE CAN'T HACK IT CAPITAL

I-Man said...

Long Hacky Sacks...

call me ahab said...

That was a HUGE one.. Tim and Susan

I know- that kind of broke me up too- sniff . .sniff-

ror

call me ahab said...

. . .and the Fed- it reminds me of this-

http://www.youtube.com/watch?v=Kc8fqgbU_SU

pretty fucking scary pulling out all the stops- if it is as people imagine-

a no holds barred Fed liquidity extravaganza

Andy T said...

Sweet.

I'm really short now...this fan-fucking-tastic....

call me ahab said...

. . .but I don't believe that-

pulling out all the stops- that won't happen until it is apparent that they tried -

but were found wanting

sorry- gotta wait to the end for the punch line

mcHAPPY said...

looks like we have our fundamental reason for next leg down.

the mortgage news is getting worse. media are starting to report facts, not sugar coated pr from the banks. cash flow about to put an end to mark to market bullshit. sentiment is beyond extreme. perceptions of bucky can't get any worse. end of august it was all about double dip, look where we are now.

get ready for it.

oh yeah, euro debt crisis anyone? we are due.

call me ahab said...

here we go-

If the Fed were to communicate that it will tolerate a higher-than-normal rate of inflation, that could make companies feel more inclined to nudge up their prices. Shoppers -- thinking prices would be rising even further down the road -- would be more inclined to make purchases sooner. That would lift inflation, which is now running at very low levels.

Merlin the Magician obviously-

nothing like tricking the folks into making purchases-

complete bullshit if you ask me- like a mass experiment

Andy T said...

@Ahab 9.09. Yeah, that's a genius plan there....

As if... there was just a little bit of slack capacity out there.

on the contrary, there is shit tons of slack in the system. In order for that concept to work, you would need firms in the same space to collude and raise prices in unison....

Good luck with that.

call me ahab said...

AT-

no doubt-

we are living in surreal times

AmenRa said...

Futures look like a group of lemmings heading for the cliffs edge. Yen is down but doesn't look like intervention. Gold got its mojo back. Pouring myself another drink...

Andy T said...
This comment has been removed by the author.
Andy T said...

Ok....

For whatever reason, I've been on a Tom Petty bender the last several days. I'm throwing this out there: Tom Petty is the most underrated musician/singer-songwriter of all time. There, I said it.

prosciutto gristle said...

Donovan is pretty underrated too. Who is the most overrated? So many choices! But I'm gonna have to go with Steve Miller.

Andy T said...

Prosciutto Gristle....in the house.

Indeed...good one...Steve Miller sucks ass. He is definitely OVERRATED.

ben22 said...

I got some PanterA going on over here.

Always been a big Tom Petty fan

ben22 said...

Steve Miller was my very first concert....they did a rap over fly like an Eagle.

Andy T said...

Throwing a few OVERRATED bands out there:

The Verve, Counting Crows, and yeah...I'll go there....Bob Dylan.*

You ever heard Bot Dylan in concert? It's inaudible.

*Note: I understand that Bob Dylan has one of the greatest songs of all time in "Like a Rolling Stone"...but, yeah, it was just one song...

Andy T said...

Led Zeppelin is NOT overrated.

ben22 said...

I think the velvet underground is way overrated....at least RS overrates them. I think Boston is probably underrated....whats the thoughts on Kansas?

Andy T said...

Agree on Velvet Underground....

Not sure where Boston and KS rate on the underrated/overrated meter...I'm sort of neutral there.

prosciutto gristle said...

Bad Company. BTO. The Eagles. Jethro Tull. Supertramp. Kansas. And countless more. All granted immortality on the airwaves. And all just a bunch of crap.

karen said...

i think/know roger plant fell in love with me for a split second.. in philadelphia..

this is my offering for the evening.. and i'll repost it tomorrow:

http://www.theglobeandmail.com/news/national/a-radical-pessimists-guide-to-the-next-10-years/article1750609/page1/

karen said...

ahab.. you do not want to be at the end of my acid tongue.. LOL.. just read your comments above!! and where is your effing sense of humour!!

karen said...

PG, should we add ZZ Top to that list? and what about Lynyrd Skynyrd? How you crush me..

karen said...

tush?

la grange

LOL

prosciutto gristle said...

Lynyrd Skynyrd and ZZ Top are OK with me. Styx is not.

CV said...

new thread

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