AmenRa's Corner

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



Creditcane™: I've just appeared on the radar. Quickly moving up the East Coast.



SPX
Bullish short day. Midpoint above EMA(10). Above all SMA's. Tested and failed 1194.18 (the .021 fibo from high). New high on daily 3LB (reversal is 1184.71). The monthly 3LB reversal has been placed on IR. QE2infinity.



DXY
Bearish long day. Midpoint below EMA(10). Still below the 76.4% retrace at 77.60. Still below 78.41 (.0557 from low). No daily 3LB changes (reversal is 76.65).



VIX
Bullish short day. Midpoint above EMA(10). Back above SMA(21) but no test of SMA(55). Below weekly 3LB mid and monthly 3LB mid. No daily 3LB changes (reversal is 18.93). Daily 3LB now trending up. The "no fear" zone is in the rear view mirror.



GOLD
Bullish short day (barely confirmed bearish thrusting). Still above SMA(21). Midpoint above EMA(10). No test of new 0% retrace. No daily 3LB changes (reversal is 1322.60).



EURUSD
Bullish long day. Midpoint above EMA(10). Held its 61.8% retrace at 1.3899. Back above SMA(21). No daily 3LB changes (reversal is 1.4049).



JNK
Bullish short day (couldn't even close in the gap). Above all SMA's. Midpoint below EMA(10). Trading range is still between the Gann 3x1 and 4x1. No daily 3LB changes (reversal is 40.88).



10YR YIELD
Bearish short day. The 0.0% fibo retrace at 23.59 is the line in the sand. Back below the weekly 3LB rev (26.88) but above SMA(55). Midpoint above EMA(10). Failed the 14.6% retrace at 26.00. No daily 3LB changes (reversal is 24.95).



DJ TRANS AVG
Bullish long day resolving doji higher. Holding above the upper trend line and all SMA's. Midpoint above EMA(10). Daily 3LB reversal up (reversal is 4734.18).




CRB
Bullish short day (shooting star shot down). Midpoint above EMA(10). Above all SMA's. Still failing the Gann 1x1. New high on daily 3LB (reversal is 300.31).



SLV
Bullish short day. Midpoint above EMA(10). Above all SMA's. No test of 0% retrace. Confirmed bearish thrusting. New high on daily 3LB (reversal is 22.59).



LEFTBACK'S BOND REPORT

The QE2 Bond Report 11.2.10

Trading was brisk in fixed income as Ben Bernanke prepared to announce asset purchases in a variety of asset classes, including and not limited to, Treasuries, corporate bonds, and mortgage backed securities. "I will even buy my own jock strap if it helps prevent deflation" offered the Chairman to CNBC reporter Melissa Francis as he entered the FOMC's monthly meeting. In the bond pits in Chicago, there were several bids entered for JCKSTRP.01

Corpies: LQD 0.47%; AGG 0.18%; JNK 0.54%; HYG 0.49%;
Govies: TLT 1.31%; IEI 0.08%; TIP 0.24%
Hedgies: TBT -2.54%

We are not involved here, other than being long HYG/JNK and laughing hysterically as all assets go vertical.



IT'S COMING!!! HIDE YOUR CHILDREN!!!

20 comments:

Andy T said...

How many times in the S&P going to know on 1197 and not breakthrough?!?
~~~~~~~~~~~

I've got my popcorn queued up...ready to binge on CNN Election coverage.
~~~~~~~~~~~

How about Tottenham?!? Taking out Inter in the Champions league. That team "shows up" when they want to.
~~~~~~~~~~~

Rand Paul elected in Kentucky. That angry white tea-bagger....just a matter of time before he starts rolling back Civil Rights.
~~~~~~~~~~~

Andy T said...

Saw a NYT Exit Poll: 4 in 10 voters identified themselves as "Pro Tea Party."

That's a shit-ton of "angry white men."

ben22 said...

AT,

As I mentioned this morning, in watching the restoration of sanity rally clips it also appears there are a lot of angry white people there as well, so angry in fact they've forgotten how to read.

angry whites taking over I guess.

ben22 said...

karen,

thanks for that KD link on Citi earlier. Sadly there aren't many KidD's out there thinking that through. Gee...wonder why Citi would do that?

AmenRa said...

Damn bird got in the house when I wasn't looking. So I close all the doors and wait for it to come back downstairs. I hear something hit the door so I look out and its just standing there looking back at me. I walked towards it and it walks ahead of me into the other room. I prop open the front door and try to get it to go out but it heads back towards the kitchen. I walk around the other way and it walks back into the other room. I grabbed a large towel and guide it out the door. Then it just stands on the front steps for the next 15 minutes. LMAO.

mcHAPPY said...

Maybe the bird is looking for cover for the approaching Creditcane?

AmenRa said...

mcHAPPY

The bird wasn't scared. It didn't try to fly away from me. It just walked faster as I followed it. I guess it was hoping I'd let it out of the house.

McFearless said...

thats really funny Ra.

Ok, I'm going to throw these two links up and suggest them for reading, a warning, it's political, and it may anger some people. I don't know the source so who knows how exactly accurate this really is:

http://newsflavor.com/politics/world-politics/white-house-insider-they-were-in-shock-at-the-presidents-behavior/

http://newsflavor.com/politics/us-politics/white-house-insider-president-obama-is-lost-absolutely-lost/

McFearless said...

Diane Sawyer blows.

Hillary said...

McFearless,

I don't want this getting out, but I was the one who provided the information for that story.

McFearless said...

lots of black eyed peas at these victory parties, CV's gotta be loving that.

mcHAPPY said...

Ben,

If there is any shred of truth to what you posted, it seems like a nice little scandal is coming to distract the sheeple from the real issues. Granted Obama is the biggest disappointment of my lifetime is a real issue but I digress.

karen said...

AR, I have more than a few bird stories of my own! (sometimes you wonder how big their brains are! LOL..)

LOVED this line: IT'S COMING!!! HIDE YOUR CHILDREN!!!

Altho, maybe that has been there for weeks and I've been pretending I don't have any children.. or that they are on their own now..

karen said...

Andy, I posted a must watch video today: David Stockman

http://www.cnbc.com/id/15840232?video=1631462460&play=1

karen said...

i know, i know, if Boxer wins I should relinquish my CA citizenship.. what is it with these BB people that makes them so Bad Bad..

gristle said...

Crap, Boxer won.

wunsacon said...

>> Rand Paul elected in Kentucky.

I hope he does some good.

I sure hope the Civil Rights Act issue was something he thinks about mainly from an academic perspective and doesn't want to roll the clock back on.

wunsacon said...

Alright, quiet in here for election night. Good night, folks.

AmenRa said...

wunsacon

Elections are the pre game to FOMC (this time).

CV said...

new thread

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