AmenRa's Corner

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



Creditcane™: Wow, BB has given me until Dec 9th to wreck havoc.



SPX
Bullish short day (struggled to close above yesterdays midpoint). Midpoint above EMA(10). Above all SMA's. No daily 3LB changes (reversal is 1193.57). The monthly 3LB reversal has been placed on IR. QE2infinity.



DXY
Spinning top day (another hanging man failure…yay). Midpoint above EMA(10). Above the 76.4% retrace at 77.60. Held above the weekly 3LB mid. No daily 3LB changes (reversal is 78.18).



VIX
Inverse hammer day (failed to confirm bullish harami). Midpoint below EMA(10). Back below all SMA's. Below weekly 3LB mid and monthly 3LB mid. Failing to close gap. No daily 3LB changes (reversal is 21.83). Getting comfortable in the "no fear" zone.



GOLD
Bullish short day. Still above all SMA's. Midpoint above EMA(10). Failed new 0% retrace. No daily 3LB changes (reversal is 1383.10).




EURUSD
Spinning top day. Midpoint below EMA(10). Failed its 61.8% retrace at 1.3899. Back below 1.3782 (.09 fib from high). Back below SMA(21). No daily 3LB changes (reversal is 1.3732).



JNK
Bearish long day again. Back below SMA(21). Midpoint below EMA(10). Trading range is still between the Gann 3x1 and 4x1. No daily 3LB changes (reversal is 40.42).



10YR YIELD
Bearish thrusting day. Not a shooting star because tail is too short. The 0.0% fibo retrace at 23.59 is the line in the sand. Still above the weekly 3LB mid (25.35), SMA(21), SMA(55) but failed SMA(89). Midpoint above EMA(10). No daily 3LB changes (reversal is 27.12).



DJ TRANS AVG
Bullish thrusting day. Failed to get above 11/09/10 midpoint. Above all SMA's. Midpoint at EMA(10). No daily 3LB changes (reversal is 4818.62).



CRB
Spinning top day. Closed in the gap (testing its resolve). Midpoint above EMA(10). Above all SMA's. Still failing the Gann 1x1. New high on daily 3LB (reversal is 312.30).



XLF
Bullish short day. Candle addition says still bearish. Midpoint above EMA(10). Still above all SMA's. No daily 3LB changes (reversal is 14.23).



54 comments:

Anonymous said...

Government Workers Seem to be Doing Well

AmenRa said...

Ok. Who open the can of whuup azz on the futures?

CV said...

@Amen

It's gotta be the WRECK OF THE EDMUND FITZGERALD...

"At 7PM the main hatchway gave in he said fellas it's been good to know ya"...

November 10th, 1975

(The cook)

AmenRa said...

CV

Cisco did the same thing in Nov 07.

Andy T said...

This is going to sound "funny"...

But I don't trust down moves that begin on "bearish news"....

Moves down that begin after "bullish news" hits is MUCH more trustworthy.

CV said...

Cisco?

http://www.youtube.com/watch?v=GMlrI6IkQv0

AmenRa said...

Andy T

The new POMO schedule came out today. Is that bullish enough?

AmenRa said...

CV

The real Cisco

CV said...

I've been posting for over a year now that CISCO was basically doing the old LUCENT strategy in sales underwriting (and it would come back to bite them in the ass)...

Ben will back me up on that - he remembers...

So this news is NO SHOCK to CV...

CV said...

I should say "financing terms" of sales underwriting...

But who cares, nobody listens to me anyway :-)

CV said...

Anyway... As I recalled then & now...

It didn't work out so well for Lucent in the end...

CV said...

Also...

With regards to POMO (announced today)...

Frankly... I think it's already been PRICED IN...

If anything - I'll bet the effect is more of a buffer on FOREX shocks than anything else...

EurUsd & Aussie...

Trying to pre-empt a May 2010 scare... That might be the BEST EFFECT... Try to avoid the SPX going down 2 bills before Christmas...

18 said...

CV, did you buy if SPX goes below 1206? Don't trust it either but that's what my 18's said.

18

CV said...

@18

It did do a bounce around there today...

I'm not really playing around much these days...

Not enough scratch to make it worthwhile...

Andy T said...

Is this Cam Newton news going to derail Auburn?

C'mon Boise State and TCU....would LOVE, LOVE, LOVE to see one of those teams in a Title Game.

18 said...

sorry, not around much to read what everyone's been doing. Personally, I'm not trading much other than long swing trades but still trying to peg the day-to-day moves which is a mixture of my version of EW using 18's and support/resistance levels... sort of works until it don't... lol

CV said...

I'd just like to see playoffs (which will never happen because the NCAA is greedier that effing Wall Street)...

CV said...

Did anyone catch AI in Turkey?

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

CV said...

A little different from this press conference...

PRACTICE?

http://www.youtube.com/watch?v=exOxUAntx8I

call me ahab said...

CV-

kind of like the US getting a stud soccer player from a "football" country-

and Iverson is correct- practice? Why? The NBA is a big joke

CV said...

Putting AI aside...

Back to my 8:14 post...

With POMO... Has anyone considered that much of the OOMPH (or energy) of these actions might actually go towards keeping CRUDE within a tight range (or at least not letting it get out of control)?

Same with other important commodities?

Again... Not that any of that is an implied certainty either...

Rather - I point it out as a mechanism to say that an outright rise in EQUITY INDICES might not be the things that plays out...

The FURTHER point is... If that happens (and AS it happens)... It sure means that we keep adding a bunch more loades springs and mousetraps into the room...

Somebody is going to come along with a ping pong ball sooner or later...

CV said...

To THIS thread (in Ritzy's world)...

Back on the Kudlow Report at 7:00 pm this evening with Chris Whalen. We are discussing the Market, the Fed, and the Deficit.

For a preview, some bullet points:

Market
1. Markets look like they trade poorly, but refuse to go down. A very powerful bid is beneath
2. Stocks are reasonably priced – not cheap but not dear
3. Earnings have been very strong
4. The trend is still upwards
5. QE2: Give me a $100 billion per month, and I will throw you a helluva party.
NOTE: Only small divergences so far: 52 week high is softening, sentiment a tad bullish – but nothing is at an extreme

Bernanke’s Fed
1. QE experts? Suddenly we are a nation of amateur policy wonks
2. There are probably fewer than 100 people in the world who are qualified to discuss this intelligently in great detail (Sarah Palin ain’t one of them)
3. As a money manager, my job is to discern the impact of the Fed’s policy on equities and bonds – not analyze it for my Poli Sci final

Deficit
1. Social Security is fine – raise retirement age, raise the cut off for contributions ($106k), means test, etc.
2. Medicare is the bigger issue – prescription drugs, etc. We have the world’s most expensive, least efficient health care system (The ER)
3. Defense cuts must be on the table
4. Discretionary spending must be on table
5. AMT Tax is an issue
6. Mortgage deduction for vacation properties, boats, etc. (but I’ll bet that $500k gets raised)

~~~

I’ll Update with video when available


WTF? - All that... and NOT ONE PEEP about the DOLLAR (or any FOREX)?...

Jeez - Maybe they SHOULD bring Palin in there... Maybe she'd bring it up...

And despite any thoughts on that... What evidence is there (after two years) that OBAMA is any more "qualified" to talk about economic matters that Sara Palin...

Or fucking Bristol Palin for that matter...

Jesus Herman Christ!

Anonymous said...

The NBA sucks.

Anonymous said...

Caught this comment on the internet on the link at top:


---
Not a meaningful article as it only addresses those who make more than $150k.

What % of federal workers make $150k?

I am sure that Lou Mish will have something to say about this terrible offense of paying people what they are worth rather than what the corporate world pays them.
November 10, 2010 7:23 PM
---

The last few lines there say a great deal about where this country is at right now. People stating that higher wages for Federal employees are justified because the government knows what people are worth.

Fascinating stuff.

Anonymous said...

Maybe You Can't Buy Elections Afterall?

Andy T said...

You know, there was a time when Katie Holmes was pretty good looking:

The Flys Video

Don't Click on this at work or around kids

Just sayin'...

call me ahab said...

anon @ 9:30

look at Meg Whitman- dumping over $100 million-

and- rejected!

tough being a beauty queen-

(okay- that's a joke)

Andy T said...

@Ahab.

I know you probably won't disagree with this:

If Meg Whitman was better looking and had not hired the illegal maid, she'd probably be the next Governator.

Maybe you can buy an election....

call me ahab said...

AT-

I saw that movie for the first time maybe a couple weeks ago-

"The Gift"

Katie Holmes- well-she looked pretty good (what can I say)

regarding Whitman-

yeah- not much to look at- but personality goes a long way (and she didn't have that either)

call me ahab said...

so . . .the nanny issue was the least of her problems-

she just wasn't that likable-

however- she may have been a great Governator-

guess we'll never know

CV said...

If I remember correctly... There was a day (earlier this year)... That CV had:

- Cindy Crawford
- Linda Evangelista
- Naomi Campbell
- Christy Turlington
- Tatiana Patitz

all on the THREAD TOPIC (in the George Michael video FREEDOM)...

http://www.youtube.com/watch?v=diYAc7gB-0A

On the SAME DAY (or pretty close thereof)... The 'bloggeteers' featured the most horrific foto of Meg Whitman...

It's never been the same since...

call me ahab said...

CV-

meant to mention-

Edmund Fitzgerald- great tune and story-

thanks for sparking my memory on that- been a while since I thought of that song

Matthew said...

Andy:

What is good news and bad news? The headlines are always good (better than expected). Given the manipulation of headlines, isn't the true test of the "goodness" of news, how people react to the news?

CV said...

@ahab

It was a fantastic video tribute (if you took time to watch it)... THIS DAY... 35 years ago...

Also... on my (10:21)

See?... I wasn't far off... CV has a fotographic memory...

April 13, 2010
CV... subtly "hinting" of an impending top in the market with this thread intro...

"Everybody knows the story - It's DAYS away - (or hours -or minutes)..."

With, of course, the SUPERMODELS...

http://traders-anonymous.blogspot.com/2010/04/morning-audibles-41310-it-looks-like.html

---ELSEWHERE--- This scintillating commentary (same day)...

http://andytsgang.blogspot.com/2010/04/q1-earnings-predictions.html

and day after... MEG WHITMAN... (response to supermodels)... I think CV singlehandedly cost Meg Whitman the election by virtue of that juxtaposition...

http://andytsgang.blogspot.com/2010/04/fusion-of-business-and-politics.html

CV said...

@ahab

...and of course... if you don't like any of this... just remember... YOU started it all this morning with your ZOOLANDER clips...

...and CV does remember... ONCE UPON A TIME... That your Fantasy Football team name was:

The RUPAULS...

So my final comment is... (in blogging)

"It doesn't matter what you wear - they're checking out your "SAVOIR FAIRE"...

call me ahab said...

CV-

pretty funny that the link for Traders Anonymous had my one post rickrolling everyone-

lol-

forgot about that-

your bringing back the memories-

regarding Rupaul- just tried to rhyme something with football-

for the old Monday night theme-

my poor attempt at humor

CV said...

@ahab

Don't worry... (my motto) - lol

"It don't matter what you do - cause everything looks good on you"

http://www.youtube.com/watch?v=z2wrU2tkl38

CV said...

@ahab

one more note...

I'm sure you do... But the readers of this blog ought to take some time to watch the YOU TUBE videos that I put up frequently...

They mostly mean something... And mostly that MEANING is not discovered ON THAT DAY (but pretty soon thereafter)...

It's not as ad hoc as some might think on the surface...

call me ahab said...

dude-

my opinion- you deserve more pay for this blog-

I've learned a lot from everyone here-

a free education- what more could a person ask for

karen said...

Katie Holmes!! Cant' act for beans! So sorry I even clicked on those links.. She has the worst shaped legs.. terrible posture.. zero taste.. Every now and then, I see a nice foto of her face.. she takes make-up well, in other words.. For me, she is about as unsexy as a young girl can get.. Reece Witherspoon has more sex appeal.. or even Kirsten Dunst.. and at least they can act.

Andy, I don't know how you will ever redeem yourself on that one.

She may be a lovely person however..

karen said...

AR, futures are making me ill... OH MY, almost forgot to tell!!! The girl that paints my toes tonight was telling me that her sister phoned in a panic.. they needed to buy gold and she wanted her sister to watch this DVD..

Well, CV.. I thoroughly enjoyed the Rupaul video, even if I didn't get your point.. and I was reminded of a new word: SASHAY..

call me ahab said...

I thought her acting was pretty good in this-

http://ahuri.greatnow.com/KatieHolmesinthegifttopless.jpg

very Shakespearian

karen said...

ahab, that link didn't work.. but i already saw Andy's..

CV said...

@ahab

My "pay" is to hear good ideas from intelligent people... (which happens daily - except in the cases of people who keep ideas to themselves [who are freeloading to some extent])...

The little "exercise" that we're doing tonight (going back and looking at previous posts), is an example of my EXPLICIT GOAL to create things that have a distinctive "time stamp" on them...

For example... In my mind, I could exactly recollect (almost to the day), the threads I'd referenced...

Why?

Because I place a "time stamp" on EVERYTHING in pop culture...

Nobody remembers what the DOW closed at on July 16th, 1974... (if blogs had existed - nobody would have ever remembered the chump ass reporting either)...

-But they DO remember that Nixon resigned on August 8th, 1974...

Let's do a "off the top of my head" random test:

- July 20, 1969
- January 28, 1986
- November 9, 1989
- November 4, 2008
- November 4, 1979 (I'm making this easy people)
- February 22, 1980
- October 19, 1987 (easy for people here)
- May 18, 1980
- September 11, 2001 (c'mon man)
- December 8, 1980

How many of those did you get? ANSWERS TOMORROW...

Furthermore - do you remember WHERE YOU WERE - or WHAT YOU WERE DOING on those days...

I do...

I'd kind of like this blog to be that way... Not every day is RECORD SETTING... But if you link ICONS to your reporting - people remember things...

It's not about stupid comments, or stupid stocks, stupid asset prices, stupid Fed Charmen, stupid Presidents, stupid elections (well - sometimes - but that's fleeting)...

Get the picture? (hope so - because that's, IN FACT, what it is... A PICTURE)...

CV said...

@karen

I'll agree with you on Kirsten Dunst (CV has a secret crush)...

Reece Witherspoon? MEH... Does nothing for me in the way of 'sexuality' (but - suprisingly - I think she can ACT)...

CV said...

@karen

The RUPAL video was only posted to tie about 6 different loose ends together...

Let me put it to you in a simple way...

- It does NOTHING for anyones aggregate understanding of things...

- But it SOLVES various "karmic unwritten scripts" in CV's mind... A place NOBODY should dare go...

AmenRa said...

Karen

Don't sweat futures. Fair value is 1-2-1-6 for the SPX. So they are down more than you think.

CV said...

@karen

Most people think of Kirsten Dunst in the SPIDERMAN movies...

This was the ONE SCENE that did it for me (in somewhat of an unknown movie)... I saw this while I was living in Italy...

http://www.youtube.com/watch?v=92Eu0IxEV8M&feature=related

call me ahab said...

such night owls-

I'm beat-

Kirsten Dunce- loved her hopping on the bed in "Eternal Sunshine of the Spotless Mind"

quite sexy

call me ahab said...

so funny- Dunce= me

Kirsten = Dunst

I'm delirious- never up this late

karen said...

CV.. that was a pleasing clip! very michele pferifferish : )
but Kirsten can act.. likewise, scarlett, tho, her sex appeal isn't in question..

I'm sorry I am so lacking in comparable brain power to yours.. people are gifted in different ways.. and I have a lot of extraneous threads.. not that you don't.. my talents are few.. of that there is no doubt.

BinT said...

http://www.bloomberg.com/news/2010-11-10/france-joins-germany-ganging-up-on-bondholders-to-share-pain-euro-credit.html

France Joins Germany Ganging Up on Bondholders to Share Pain

...The question most asked on The View: Are Europeans smarter than US Federal Reserve Chairmen? Stay tuned...

AmenRa said...

Futures still down but you can see them inching higher.

CV said...

new thread up

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.