AmenRa's Corner

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



Creditcane™: I am a commodity. Watch how much damage I can create.



SPX
Bearish short day (possible bearish harami). Midpoint above EMA(10). Above all SMA's. Above the 14.6% retrace (1319.09). No daily 3LB changes (reversal is 1309.66). QE2infinity. "JBTFD. Don't question it. Just do it."



DXY
Bearish short day. Midpoint below EMA(10). Held the 0.0% retrace (75.63) from 11/4/10. Below all SMA's. No daily 3LB changes (reversal is 76.33).



VIX
Bearish short day. Midpoint below EMA(10). Still below all SMA's. New low on daily 3LB (reversal is 18.00). Still in the "no fear" zone. Closed at the monthly 3LB reversal ("at" not "below").



GOLD
Bullish long day. Midpoint below EMA(10). No test of 0.0% retrace. Still above SMA(21). No daily 3LB changes (reversal is 1394.20). Holding above upper trend line. Must have the precious.



EURUSD
Bullish short day. Midpoint above EMA(10). Still above 1.3870 (the 61.8% retrace). Above all SMA's. No daily 3LB changes (reversal is 1.3978).



10YR YIELD
Spinning top day. No test of 0.0% retrace at 37.44. Still above SMA(55). Midpoint above EMA(10). Held the upper trend line. No daily 3LB changes (reversal is 34.04).



WTI
Bullish long day. Still above all SMA's. Midpoint above EMA(10). No test 0.0% retrace. Holding above the 14.6% retrace (103.64). Daily 3LB reversal up (reversal is 98.15).



SILVER
Bullish short day. Still above all SMA's. Midpoint above EMA(10). No test of 0.0% retrace. Holding upper trend line. New high on daily 3LB (reversal is 37.20).



COPPER
Bullish short day. Midpoint below EMA(10). Still below SMA(21). No tests of 0.0% retrace (4.667). No daily 3LB changes (reversal is 4.137).



CORN
Bullish long day. Midpoint above EMA(10). Above all SMA's. Holding above tis 50.0% retrace (647.50). No daily 3LB changes (reversal is 702.50).



RBOB Gasoline
Bullish long day. Midpoint above EMA(10). Above all SMA's. Made a new 0.0% retrace (3.12). New high on daily 3LB (reversal is 2.80).



19 comments:

Andy T said...

"AmenRa said...
Why is Ally having an IPO? When it was know as GMAC Financing it brought down GM."

Think GM had a few other "issues" as well. Also, I sort of like the ALLY bank commercials...

I think that's pretty much all it takes nowadays...a successful ad campaign.

Andy T said...

i.e.

This commercial is pretty humorous to me:

http://www.youtube.com/watch?v=Pg4D94YDKqI

Andy T said...

Was a SUPER Slow day to day in my little world of trading...nice weather today....Shell Houston Open...las day of the month and Quarter... People were just sort of relaxed and non-committal today.

Amazingly tight ranges....

Andy T said...

Almost forgot it was also Opening day of baseball as well...but, baseball sucks anyway. So, it sort of slipped my mind.

Is baseball really even the 3rd or 4th most favorite sport in America?

AmenRa said...

Andy T

0% financing on Cadillac Escalades...

ROR

CV said...

@Amen (from other thread)

I feel like Superman imprisoned in another dimension

That's what happens when Ursa, Non, & General Zod exert their superhuman powers for THRILLS...

But you should take heart...

CV feels like "Lex Luthor"

Anonymous said...

EPA Ready to Massively Increase ‘Permissible Radioactive Release’ Guidelines
March 31st, 2011

Via: Tennessean:

The EPA is preparing to dramatically increase permissible radioactive releases in drinking water, food and soil after “radiological incidents,” according to Public Employees for Environmental Responsibility.



The radiation guides called Protective Action Guides or PAGs are protocols for responding to radiological events ranging from nuclear power-plant accidents to dirty bombs.

Drinking water, for example, would have a huge increase in allowable public exposure to radioactivity, the group says, that would include:

A nearly 1000-fold increase in strontium-90

A 3000 to 100,000-fold hike for iodine-131

An almost 25,000 rise for nickel-63

The new radiation guidance would also allow long-term cleanup standards thousands of times more lax than anything EPA has ever before accepted, permitting doses to the public that EPA itself estimates would cause a cancer in as much as every fourth person exposed, the group says.

These relaxed standards are opposed by public health professionals inside EPA, according to documents PEER said it obtained under the Freedom of Information Act.
http://cryptogon.com/?p=21552

from the same EPA that says CO2 is a 'hazardous substance' ... wtf?

AAIP

Anonymous said...

By James Wesley, Rawles

So how does a person qualify as a potential domestic terrorist? Based on the training I have attended, here are characteristics that qualify:

Expressions of libertarian philosophies (statements, bumper stickers)

Second Amendment-oriented views (NRA or gun club membership, holding a CCW permit)

Survivalist literature (fictional books such as “Patriots” and “One Second After” are mentioned by name)

Self-sufficiency (stockpiling food, ammo, hand tools, medical supplies)

Fear of economic collapse (buying gold and barter items)

Religious views concerning the book of Revelation (apocalypse, anti-Christ)

Expressed fears of Big Brother or big government

Homeschooling

Declarations of Constitutional rights and civil liberties

Belief in a New World Order conspiracy
Another common tactic used in DHS sponsored training is the slander of certain ideologies by linking an erroneous characteristic to a particular group. Here are some examples:

These groups hold the anniversaries of certain dates as significant such a Ruby Ridge, Waco and Hitler’s birthday

They oppose abortion, support gun rights and are affiliated with the Ku Klux Klan

They are fearful of big government, espouse support for the Constitution and want to kill police officers

These groups collect firearms, survivalist books and explosives

These extremists read books such as Patriots, One Second After and The Anarchist Cookbook

They are religious zealots, reading the book of Revelation, speak of the second coming of Christ and plan mass murders to summon the end of the world

These people grow their own food, raise livestock and plot attacks on commercial food production facilities
Do you see how this tactic works? List common characteristics of libertarian/conservative minded people, then throw in a slanderous accusation. If A and B apply, then you should automatically presume C applies as well. If they were disturbed by the incidents at Ruby Ridge and Waco, then obviously they must celebrate Hitler’s birthday. Officers are being conditioned to assume criminal and terroristic views when politically-incorrect views are observed. As simple-minded and ridiculous as this line of thinking is, there are some officers who unfortunately buy into this.

Read the Entire Article: http://www.survivalblog.com/2011/03/beware_of_homeland_security_tr.html

http://revolutionarypolitics.com/?p=5134

Anonymous said...

Andy-

baseball highlights are a lot of fun to watch, and going to a game, never had a bad time-

but watching a game in TV, I'll pass

Anonymous said...

in = on goddamm laptop keys are in the wrong place

Andy T said...

@AmenRa

yeah, 0% financing on something that depreciates immediately is pure genius. though, lots 'o companies were doing that....

Andy T said...

Ahab-

In order of sports I'd most like to watch on television:

NFL Football
College Football
Major Golf Tournament
College Basketball
English Premier Soccer
NBA
Major Tennis Tournament
PBA Bowling
NASCAR
Hockey
Women's Basketball
Ice Dancing
Major League Baseball

Something like that...

Going to a baseball game is "ok" fun (if someone else is paying), but I can probably come with an even longer list of things I would alternatively do than spend the time and money it takes to go to a baseball game.

Not really a "fan"...

cv said...

@Andy

What??? No FISHING??? SNOOKER??? CRICKET???

Cricket has to be the best...

The "test" takes like 4 days to complete (with 3 dozen tea breaks inbetween)...

...and ends in a DRAW!!!

cv said...

...and I'll say something...

If you were to get yourself into a FANTASY BASEBALL LEAGUE... You'd find it easier to watch...

Casue the games (& point scoring) are like when you watch NFL...

You're thinking every pitch (like in fantasy football - you're looking at every play/fumble/field position/etc.)...

cv said...

My order would be like...

- NFL Football
- Major Golf Tournament
- College Football (just because of the irritation factor of watching "kids" arm tackle, blow coverages, get penalized, and then MUG for the camera on what GODS of the universe they are for being half-wits)... But I do like the cheesy shots of cheerleaders (ever thankful that I'm not the father of a late teenage girl who I'm paying $30 grand a year to practice how to get on a "Girls Gone Wild" video)...
- March Madness
- WORLD CUP Soccer
- Kentucky Derby
- Olympic Swimming
- MLB (when I have 'fantasy players' going)
- Olympic Hockey
- Wimbledon (sometimes - US Open)
- Boxing
- NCAA LaCrosse
- Curling
- Luge
- NBA
- Tiddlywinks
- Badminton
- Synchronized Swimming
- Bowling
- Ping Pong
- Women's Basketball
- NASCAR
- Cricket

AmenRa said...

WTI breaking above 107. Expect heated arguments at a gas station near you soon.

CV said...

Because CV just "makes it up as he goes along"... Finally - I can link someone worth listening to...

Latest Hugh Hendry

http://www.scribd.com/doc/52029670/Hugh-Hendry

EXCERPTS:

"In a sense, the macro outcome hangs on one’s interpretation of quantitative easing.

It is my assertion that monetary easing represents an normous change to the benign policy which has driven global growth for the past 15 years.

I equate the easing program with Roosevelt's devaluation of the dollar in 1931 (that year keeps reappearing)"


NO!!! PLEASE!!! For the love of God Hugh!!!

Central Banking HAS NOTHING TO DO WITH IT... The MARKET is just a bunch of anon traders firing off the trade with their TD Ameritrade account "pattern recognition" software...

---

If Hugh Hendry is publishing the conclusions that CV has [with great resistance & difficulty] been expressing forEVER now... Then he has clearly lost his touch...

Anonymous said...

c'mon CV-

it wasn't forever, maybe a year or so :-)!

Roosevelts devaluation of the dollar and illegal confiscation of private property (gold)- sure helped a lot- LOL

Bruce in Tennessee said...

107.06

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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.