AmenRa's Corner

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



Creditcane™: In the fell clutch of circumstance I have not winced nor cried aloud. Under the bludgeonings of chance, my head is bloody, but unbowed.



SPX
Bullish long day. Midpoint above EMA(10). Above all SMA's. Tested and passed 1177.84 (the .0344 fibo from high). No daily 3LB changes (reversal is 1165.32). QE2infinity (aka the beginning of the end).



DXY
Bearish long day (gravestone doji confirmation holding). Midpoint above EMA(10). Tested its 76.4% retrace at 76.29 and failed. Still below 78.41 (.0557 from low). No daily 3LB changes (reversal is 76.65).



VIX
Bearish long day. Midpoint above EMA(10). Below weekly 3LB mid and monthly 3LB mid. No daily 3LB changes (reversal is 21.21). Returned to the "no fear" zone.



GOLD
Bullish thrusting day. Still above all SMA's. Midpoint below EMA(10). No test of new 0% retrace. No daily 3LB changes (reversal is 1377.60).



EURUSD
Bullish long day (still confirming dark cloud cover). Midpoint below EMA(10). Back above its 61.8% retrace at 1.3899. Above all SMA's. No daily 3LB changes (reversal is 1.4049).



JNK
Bullish long day. Above all SMA's. Midpoint above EMA(10). Held the 100% retrace. No daily 3LB changes (reversal is 40.01).




10YR YIELD
Spinning top day. May have formed a rising three method. The 0.0% fibo retrace at 23.59 is the line in the sand. Still below the weekly 3LB mid (25.35) and SMA(21). Midpoint below EMA(10). No daily 3LB changes (reversal is 23.81).



DJ TRANS AVG
Bullish long day. Holding above the upper trend line and all SMA's. Midpoint above EMA(10). New high on daily 3LB (reversal is 4628.39).




CRB
Bullish long day. Midpoint above EMA(10). Above all SMA's. Still failing the Gann 1x1. No daily 3LB changes (reversal is 299.93).




XLF
Bullish long day. Midpoint below EMA(10). Back above SMA(21). No daily 3LB changes (reversal is 14.89).




47 comments:

McFearless said...

thanks Ra.

http://lh3.ggpht.com/_APmrYvpA45s/TL9p2HX3F3I/AAAAAAAAI60/2DjjKfEMPB4/s1600-h/SPY60min%5B2%5D.png

McFearless said...

so nflx makes 38 million and is valued at 8 billion, yup...that makes sense, I suppose the market is "pricing in" one hell of a future for them...guess this is what the masses refer to as inflation.

karen said...

thank you, AR! and don't look at finviz.. the ONLY thing red is the USD..

Anonymous said...

Ben:

I don't know how far back your memory goes, but Netflix used to be a chronic earnings restater. The quality of earnings was atrocious. It was so bad, that I vowed to never look at another NFLX 10-k again.

It's amazing how quickly people forget.

But hey--do you want to be right, or make money, asshole?

McFearless said...

lol anon, I never really followed netflix, just didn't want to make any money I guess.

McFearless said...

and yeah, it is amazing

someone told me once women would never have more than one child if they could recall the pain, seems to apply to markets.

Andy T said...

So, one of the blurbs that ran across CNBC today was this headline: "Eleven government agencies convene to discuss the foreclosure mess."

I spat out my coffee.

In my wildest imagination, didn't realize there could be ELEVEN fucking government agencies that could meet on this topic.

Good thing we've got eleven of them...who knows what kind of mess we'd be in without government oversight.

bwwahahhahahahah

call me ahab said...

I don't know- but my man Jobs is looking a bit like the crypt keeper-

doesn't look healthy- that's for certain

McFearless said...

lets go Phils!

McFearless said...

this is a must watch

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

McFearless said...

ahab,

you do realize that if Jobs were to pass the nation,.... maybe even the whole world, would fall into complete chaos, right?

Andy T said...

@McFear:

If Steve Jobs died, it would trigger at least a 5% drop in global indexes. A trillion dollars of "wealth" would disappear overnight.

Unfortunately, I'm not joking.

McFearless said...

probably would, look what happened last time with the health scare, there was def. short term reaction to that.

Andy T said...

"No Sign Foreclosure Problems 'Systemic': White House"
http://www.cnbc.com/id/39767501

One wonders if the Progressive blogosphere (TBP) will direct a little vitriol to the Obama Administration over such a proclamation. If a more conservative administration made such an utterance, there would be plenty of backlash.

It wouldn't be as good as Nina Simone Backlash, but there would be some....

I-Man said...

http://endo.tv/steve-jobs-smoked-marijuana

McFearless said...

nice picture in this one:

http://www.marketwatch.com/story/sec-head-agency-shifting-resources-to-make-rules-2010-10-19

karen said...

Ben, why did you have me watch that Guam theatre?! are you trying to get me to leave the US sooner rather than later?? was it a farce? was Hank Johnson, effing acting?? there was a point a few years ago where i was sending in $2k US and collecting candos and euros.. WEEKLY.

karen said...

how many solid gold watches do you think i can wear out of the country?

karen said...

no worries, AT, the foreclosure mess is contained.. meanwhile, I really enjoyed the Backlash Blues.. i may not be big for CW but i do love the Blues..

re: netflix.. just cut my monthly from the $16.99 to the $8.99 plan.. dble the subscribers, half the price, dble the stock price.. WTFE

karen said...

So sorry about my foul mouth these days... i'm not like that. Ask the I-Man!!

call me ahab said...

Guam's a cool little Island-

got drunk there for a few days or so- might have been a week- hard to say

karen said...

Ahab, did you break a leg on the bar door? according to my mother, that's how my father earned his first purple heart..

karen said...

NicTrades

China CPI y/y 3.6% vS 3.6% expected, last 3.5% - 3Q GDP 9.6% vs 9.5% exected last 10.3% - PPI 4.3% Vs 4.1% expected last 4.3%
2 minutes ago via web

NicTrades
China retail sales 18.8% Vs 18.5% expected last 18.4% - Industrial production 13.3% vs 14.1% expected, last 13.9%

call me ahab said...

karen-

no broken leg- but truthfully- all my temporary assignments and port of calls kind of run together-

and I was in Guam I know- but it all kind of blends together w/ so many other places-

took a helicopter there- that I remember for certain

McFearless said...

boy they must have some bang forecasters there in China, the margin of error is so tiny, not exactly the same with the forecasts here eh.

Anonymous said...

You guys are all laughing now, but what will you be doing when Guam really does tip over?

cv said...

@Andy T

11 agencies?...

How come there's no FORECLOSURE CZAR?

I demand answers!... I hereby nominate Ritholtz for FORECLOSURE CZAR!

wunsacon said...

AndyT @ 9:15 PM,

I don't see vitriol. But, if my wife and I are some kind of indicator, I do sense that the progressive base will not turn out in big numbers to re-elect their supposed representatives.

At this point, I'm not sure a ditz like Christine O'Donnell would make things worse.

~~Send in the clowns~~ (They're already here!!)

McFearless said...

might interesting some people:

http://www.wired.com/wiredscience/2010/10/twitter-crystal-ball/

wunsacon said...

>> How come there's no FORECLOSURE CZAR?

You know...that just might happen.

cv said...

@wunsa

Trust me... she would make things worse...

Just what we need... A Maxine Waters on the other side of the table...

wunsacon said...

McFearless,

FUCK! I wanted to do that...

(Dang it. I just don't get enough time away from my regular job to get traction on certain hobby projects.)

DL said...

wunsacon @ 10:34

Regarding Christine O'Donnell,

a vote for a senator is little more than a vote for Senate Majority leader, or Minority leader.

The other 98 senators are largely superfluous.

Doesn't really matter if she's a ditz or a genious; the voting on senate bills will be the same either way.

wunsacon said...

>> A Maxine Waters on the other side of the table...

But, don't matter and anti-matter disappear after they meet? I see this as a *solution*. ;-)

wunsacon said...

Alright, I'm pooped. Signing off.

Someone please make the dollar bounce. Hard.

G'nite folks.

cv said...

@McF (10:36)

You gotta be kidding me...

OK... WTF do people think?... Stock market predictions?

Alright - Let's put that same algo to the test...

TWITTER?... I guarantee you that if you programmed the same algo to decide whether Justin Beiber or Kayne West would make a better POTUS than George Bush...

Beiber & West would win by 90%...

So there you have it! (forget about whether people end up being right or not)...

Beiber & West for POTUS!

because our country SHOULD (and "is", in fact, run by whovever would win American Idol)...

cv said...

@Andy T

You MAD MAN...

I dug up a video for you...

http://www.youtube.com/watch?v=jZw_4yJs44o&feature=related

Andy T said...

Ok. I'm done in the comments section at Ritholtz bizarro-town now. It was an interesting week debating with folks who have views other than mind. It's interesting to see how people think and react when pressed with alternate views. Some of the discussions have caused me to think and reflect.

However, it's pretty clear to me that dss/Denise is a fairly hostile and somewhat unstable person and there are several frequent commenters that are somewhat hopeless to even talk to.

If you guys see me there again, please remind me of this pledge.

Andy T said...

cv: Big, big fan of Christina Hendricks. Though, I was a bit let down to find out she wasn't really a real red head.

cv said...

"she wasn't really a real red head"

I want to know how you found that out...

No I don't...

Yes I do...

No I don't...

MEH... I know already... ror

DL said...

Andy @ 11:03

will do.

cv said...

As for Ritholtz...

WTFE?

The BEST thing that ever happened to me was that I got kicked off that site... (or moderated into oblivion)...

Bunch of morons... (but it's hard, in human nature, to avoid rubbernecking when you pass a car wreck)...

It's for people who REALLY, REALLY like to waste their time...

Andy T said...

Indeed. Also, out of curiosity and went back and did some checking...

I don't have the exact percentage, but in the last week, 80-90% of the time dss/Denise showed up to comment at TBP, it was with the sole intent to respond to me.

That made me a bit nervous and was the other reason to remove myself. Was a little too weird.

Good night all.

AmenRa said...

Ben

RP should add this as a new chapter on socioeconomics.

Dollar is up, oil is down, Euro is down, ES & YM are down. Not down enough mind you (aka the 4am squeeze while we sleep).

cv said...

@Andy @Amen

Let me SYNTHESIZE (12:01) (12:02)

The 4AM "SQUEEZE"?

http://www.youtube.com/watch?v=Ooke_IQ1hqU
I know... Sometimes you're "tempted"


but in the end it's like...

http://www.youtube.com/watch?v=3WngGeI9lnA
Pulling Mussels from a shell

Andy T said...

Thanks for that Chet. One of my first dates with the wife was at a Squeeze concert at the House of Blues in Hollywood....Good Times. See? I love California....

That said...I always preferred the Violent Femmes....similar...but better IMO.

John Cusak and Femmes

Leftback said...

Keep those charts coming....

LB ruvs The Dairy Lap. Bond Leport to leturn soon.

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