AmenRa's Corner

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

Creditcane™: Is this the only day that I have no effect on US markets?

Bullish long day (failed bullish thrusting). Midpoint above EMA(10). Back above all SMA's. Made a new 0.0% retrace. Daily 3LB reversal up (reversal is 1276.34). QE2infinity. Finally conquered 1300? Or is it a trap?

Bearish long day. Midpoint below EMA(10). Blew through the 14.6% retrace (77.54). Below all SMA's. Next test is the 0.0% at 75.63. Daily 3LB reversal down (reversal is 78.13).

Bearish long day (confirmed bearish harami star). Midpoint above EMA(10). Still above SMA(21). Daily 3LB reversal down (reversal is 20.04). Still out of the "no fear" zone. Back at the monthly 3LB reversal level.

Bullish short day. Midpoint below EMA(10). 0.0% retrace holding. Tested and passed the 38.2% retrace (1328.33). Closed right at the upper trend line. No daily 3LB changes (reversal is 1347.90). Must have the precious.

Bullish long day. Midpoint above EMA(10). Now above 1.3782 (the .09 fibo). Still above all SMA's. Daily 3LB reversal up (reversal is 1.3609).

Bullish short day (still closed lower). Midpoint above EMA(10). Above all SMA's. Held its 38.2% retrace (40.28). No daily 3LB changes (reversal is 39.63).

Spinning top day. Back above the 14.6% retrace at 33.86. Back above all SMA's. Midpoint above EMA(10). No daily 3LB changes (reversal is 32.36).

Doji day. Below all SMA's. Midpoint below EMA(10). New low on daily 3LB (reversal is 109.10). Also currently has a monthly 3LB reversal (down).

Bullish long day (failed to confirm bearish engulfing). Midpoint above EMA(10). Still above SMA(21). No daily 3LB changes (reversal is 99.96). Tested and held the weekly 3LB mid.

Spinning top day (ex-div I believe). Midpoint below EMA(10). Still below SMA(21). Back below lower trend line. New low on daily 3LB (reversal is 94.12).

Doji day. Above all SMA's. Midpoint above EMA(10). No daily 3LB changes (reversal is 43.62). Calling all yields! Calling all yields!

Bullish LONG day. Midpoint above EMA(10). Still below all SMA's. Back above its 61.8% retrace (18.82) of the recent down move. Daily 3LB reversal up (reversal is 16.22). Now, what happens when the Egyptian market reopens?


the bohemian said...

fwiw- I still like my SDS buy today at 21.96

karen said...

ha, ha, ahab.. will keep my fingers crossed for you : )

i liked your wrap, AR..thank you, as always!

i don't deserve the big one after all, the beach was quite cool, definitely not 70, barely 65! with an icy west wind, meaning off the ocean (59-ish) for you east coasters.. i couldn't even take my wind breaker off; and least blizzards are exciting!

karen said...

hope this isn't the calm before the storm:

Andy T said...

Bringing back the "bohemian"....

Like it.

Andy T said...


What does the Earthquake mean? Is that more or less earthquakes than usual?

What's the buzz?

Andy T said...

In regard to the earlier Glenn Neely assertion that an "Event" is imminent.

I can only say that the action in Brent crude oil has been very seems to be rallying hard no matter what's been happening the last several days.

So, if there is an "Event," my wild guess would be some sort of "issue" with Saudi Arabia...

Andy T said...

I tell you what, I have enough respect for Neely, I'm probably going to have to just buy some Put spreads on the Jun Futures tomorrow...

i.e. Buy 1250 Strike Puts and Sell 1100 Strike Puts. It would probably cost 26-27pts to put that spread on...maybe help finance it by selling a 1400 Call for 10-11pts....

Love it....

karen said...

andy, shaking my head! there is no predictive element to the markets.. lol.. or crude.. and my perspective has been that it has not rallied hard.. we are back at a high near 93.. same as a couple weeks ago.. further, when the egypt riots got started, crude actually sold off (i think that was last wednesday?) i got to sell some DTO in AH at a great price.. i even glimpsed some baloney posts on ZH about the Suez Canal getting shut down.

i am really jaded now.. ben's influence i think. the market effing moves, events get attributed to it, sometimes logically, sometimes ironically, but mostly absurdly. FEAR and GREED are to real market movers. End of story.

karen said...

And, thank you for posting the Neely.. that is really putting you neck on the block.. as did Demark, i guess... and FusionIQ LOL.. we'll see how that story changes if the market rages higher.

Nothing wrong with changing a call, however.. I get handicapped in that regard, being female : )

karen said...

Andy, as far as earthquakes go, as I noted.. the calm before the storm.. that is very calm picture in my opinion.

except we just had a new 3.0 a few min ago, lol!

karen said...

I love Twitter.. Breaking News
Magnitude 5.9 earthquake shakes Alaska Peninsula; no immediate reports of damage - AP

ben22 said...


to step away from the scary Neely thing for a minute

If you are a Soprano's fan and followed it over the years then I would call this a must read. It's very long, but well worth it imo:


that's a no on Fusion IQ and the "putting the neck out" I caught BR on video today, said his 53% cash in long/short accounts was more them getting stopped out than a market call, his words.

ben22 said...

also, if we are going to through some wags out there

it's faded to the background

so I guess north and south korea

karen said...

ben, that was my point on Fusion.. if the market does dump they can pull out that video from yesterday(?) calling for a 5-8% correction.. that's my recall.. imperfect at best, but who cares what they say so i won't dig it up.

AmenRa said...

Wow. It's not everyday you get to see whiteout conditions.

AmenRa said...

Futures flat to slightly positive. I guess corrections won't be allowed...for now. The market can't keep this up. It's like blowing up a balloon. You never know when it'll decide to pop.

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