AmenRa's Corner

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



Creditcane™: Weather patterns changed due to solar flares. Bears went into hibernation a little early.



SPX
Bullish long day. Midpoint below EMA(10). Back above SMA(21). Tested and held the 14.6% retrace (1319.09). No daily 3LB changes (reversal is 1340.43). Closed week above weekly 3LB mid. QE2infinity. JBTFD?



DXY
Spinning top day. Midpoint below EMA(10). Still below the 14.6% retrace (77.54). Below all SMA's. No daily 3LB changes (reversal is 78.46). Below weekly 3LB mid.



VIX
Bearish long day (confirmed dark cloud cover). Midpoint above EMA(10). Back below SMA(144). No daily 3LB changes (reversal is 15.81). Back in the "no fear" zone. Currently does not have a monthly 3LB reversal.



GOLD
Spinning top day. Midpoint above EMA(10). 0.0% retrace holding. Still above all SMA's. No daily 3LB changes (reversal is 1388.60). Back below upper trendline. Must have the precious.



EURUSD
Spinning top day. Midpoint above EMA(10). Still above 1.3506 (the 50% retrace). Above all SMA's. Closed back below 1.3782 (fibo .09). No daily 3LB (reversal is 1.3534).



JNK
Bullish short day. Midpoint above EMA(10). Held SMA(21). Back above its 50.0% retrace (40.47). Also still below lower trend line. No daily 3LB changes (reversal is 40.34).



IQI
Bearish harami day (but we've been flat and not really in an uptrend). Midpoint above EMA(10). Back below all SMA's. Above its 23.6% retrace (11.68). No daily 3LB changes (reversal is 12.30). Closed above its weekly 3LB mid (11.76).



10YR YIELD
Bearish short day. No test of 0.0% retrace at 37.44. Failed SMA(55). Midpoint below EMA(10). New low on daily 3LB (reversal is 36.52).



XLF
Bullish long day. Midpoint below EMA(10). Still below SMA(21). No test of 0.0% retrace. Tested and failed the 14.6% retrace (16.79). No daily 3LB (reversal is 17.16).



TLT
Bullish long day. Midpoint above EMA(10). Held SMA(55). Above lower trend line. New high on daily 3LB (reversal is 90.83). Also closed above its weekly 3LB mid. Currently does not have a monthly 3LB reversal (down).



WTI
Bullish long day. Still above all SMA's. Midpoint above EMA(10). Closed back below the 23.6% retrace (96.95). New high on daily 3LB (reversal is 89.71). Had a weekly 3LB reversal up.



SILVER
Bullish long day. Destroyed confirmation of bearish engulfing. Still above all SMA's. Midpoint above EMA(10). No test of 0.0% retrace. Back above upper trendline. New high on daily 3LB (reversal is 32.30).


LEFTBACK'S BOND REPORT

The Bond Report 2.2.5.11 ...
"The Daily Diary of the American Scream"

They were up.
All of them.
THE END.

By AFIA2BNL, aged 12.

See you Monday.


20 comments:

ben22 said...

this guy from Philly is the man, maybe with this new fame he could land a guest role on True Blood.

http://dealbreaker.com/2011/02/area-man-threatens-to-foreclose-on-wells-fargo/#more-36905

AmenRa said...

ben22

I read about that the other day. Sure as hell got WFC's attention when state police showed up to take inventory.

Matthew said...

This is amusing for those of you who use etrade to broker any retirement accounts.

Etrade has established a "community" portal (which I consider to be tantamount to the old Yahoo! message boards cesspool that people used to pump and dump equities during the dot.com boom).

It is quite an amusing time-waster. You can see some generally useless stuff like mostly widely held securities by etrade users, most actively traded by etrade users, etc.

More amusingly, you can read buy/sell/hold recommendations by etrade users and even small editorials (all of which, admittedly, will be of similar accuracy to sell-side research sans industry parlance and general pretense of the typical sell-side charlatan).

Let me cherry pick some of these for you:
1. UTRM about to explode!!!!
2. penny stocks
3. Below 1$ Stocks
4. IFXY: Buy and HOLD!
5. WDRP, penny stock
6. KNKT: THE NEXT APPLE IN CHINA AND INDIA

Yep, these people are swinging for the fences... with a hollow glass bat.

What is it with Johnny and his penny stocks? Last year, a friend of mine who knows nothing about equities, decided to open an etrade account and lose all of his principle betting on two pink-sheet sub-pennies, against my repeated advice.

He lost enough that I couldn't even muster an "I told you so."

AmenRa said...

http://www.youtube.com/user/bloomberg?blend=1&ob=4#p/u/1/KVhyzWYZ9Xg
Riedl Says Government Spending Not Key to U.S. Growth

Good interview on bloogberg.com

Johnny said...

Well, penny stocks are cheap, for starters.

karen said...

AR, thanks for wrap, but i really do not want to deal with reality right now! (just ironing..)

UFB on the vampire story.. wow.. he had implants in his mouth for sure.. but for the most part, rather well spoken. and i am thrilled he wasn't bullied into that $1M policy.. WFC should have been thrilled he was paying his mtg!

For all you fisherman, foto of mako biting marlin's tail..

http://www.accuweather.com/blogs/outdoor/sportsman/45909/photog-captures-giant-mako-bit.asp

Anonymous said...

True Blood-

Love that show- and Spartacus- had doubts on the prequel but it has been pretty damn good . . .

re the dude in the video- guess it takes a real blood sucker to take on a bank-

I would have loved to see some blood on his fangs and chin . . .that would have been surreal. I am surprised the interviewer kept it together- I would have bust out laughing

Anonymous said...

Karen-

silly diver . . .I wonder if he was next on the menu?

karen said...

ahab.. my thots exactly!! but who knows what they fabricate on these captions..

Andy T said...

"Anonymous said...
I-Bro,

might I suggest
http://barberhalf.com/
a nice 1913-S, should do the trick..

AAIP
:)
"

I wouldn't have "gotten" that comment until last weekend. We have a few Barber nickels I believe...no halves....

Andy T said...

Actually...Barber Dimes....is what we own now....

See? I'm a novice.

I-Man said...

I dont know anything about coins, but I could see myself getting into it. Never been exposed to it any place but here to be honest.

Expensive hobby tho... (says dude with tons of fishing and duckhunting gear plus trading addiction.)

I always found it interesting that Armstrong got his start with coins, first thing he ever traded, and then went to gold coins/bullion, and then onto everything else.

I-Man said...

My mom has a jar of old silver dimes and stuff, but I'm pretty sure nothing that old.

Johnny's brother said...

Dude, like if you buy a stock for 10 cents, it only needs to go up 10 cents for you to double your money!!

What is so hard for you to understand. This is all about ROI.

If GOOG goes up 10 cents, you make, like, nothing.

CV said...

A year ago, all CV ever heard was "chuckles & murmurs" when CV brought up the COIN (pronounced "KWAN") subject...

I guess most are on board now... :-)

So I better start moving my legions to the "tilapia" angle now... ROR

Oscar Post will be up sometime today... Still working on it... Had a "failed launch" earlier (so I hope nobody saw)...

CV

BinT said...

I knew some Posts years ago, CV. Talkative bunch...

Bruce in Tennessee said...

I was wondering this morning, trying to connect a few dots...

Anyone know what has happened recently to the price of Greek housing? or Irish?

Bruce in Tennessee said...

http://finance.yahoo.com/news/State-and-local-budget-cuts-apf-4195423316.html?x=0&sec=topStories&pos=3&asset=&ccode=

State and local budget cuts are slowing US economy

...It appears these budget cuts scheduled for this year will have an even greater effect than the cuts of 2010. Interesting summary article.

..beautiful day. Mountains for the rest of it.

CV said...

OSCARS Thread started

Anonymous said...

BinT,

saw this yesterday..

http://www.irishcentral.com/news/-Hundreds-of-repossessed-homes-and-idle-cranes-go-for-auction-in-Ireland-116724189.html

LSS: 'Fire Sale'

AAIP

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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.