AmenRa's Corner

Posted by AmenRa on Friday, May 6, 2011 /
A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.



Creditcane™: C'mon now. Do you REALLY believe the BLS???



SPX
Doji day. Midpoint below EMA(10). Still above all SMA's. No test of 0.0% retrace (1370.58). Tested and failed 23.6% retrace (1341.90). No daily 3LB changes (reversal is 1363.61). QE2infinity. "JBTFD. Don't question it. Just do it. Trust me. Mark."



DXY
Bullish long day. Midpoint above EMA(10). No test of 0.0% retrace (72.70). Now above SMA(21). Tested and held its 23.6% retrace (74.73). New high on daily 3LB (reversal is 72.93).



VIX
Bullish long day. Midpoint above EMA(10). Now above SMA(89). Held above its 23.6% retrace (18.28). New high on daily 3LB (reversal is 16.70). Still in the "no fear" zone.



GOLD
Bullish thrusting day. Midpoint below EMA(10). No test of 0.0% retrace (1577.40). Still below SMA(21). Tested and held its 38.2% retrace (1475.41). No daily 3LB changes (reversal is 1557.10). Holding above upper trend line. Must have the precious.



EURUSD
Bearish long day. Midpoint below EMA(10). Tested and failed its 76.4% retrace (1.4346). Still below SMA(21). New low on daily 3LB (reversal is 1.4833). Also had a weekly 3LB reversal down.



JNK
Bullish long day. Midpoint at EMA(10). Back above SMA(21). No test of 0.0% retrace (40.93). Tested and held its 23.6% retrace (40.61). No daily 3LB changes (reversal is 40.81).



10YR YIELD
Spinning top day. No test of 0.0% retrace (37.44). Still below all SMA's. Midpoint below EMA(10). Still failing the 14.6% retrace (32.29). Still failing the upper trend line. New low on daily 3LB (reversal is 32.55).



WTI
Bearish short day. Still below SMA(89). Midpoint below EMA(10). No test of 0.0% retrace (114.83). Tested and failed its 61.8% retrace (98.41). New low on dally 3LB (reversal is 113.93).



SILVER
Spinning top day (possible morning star). Back above SMA(89). Midpoint below EMA(10). Failed the upper trend line. Tested and held its 61.8% retrace (35.28). New low on daily 3LB (reversal is 42.59). Also had a weekly 3LB reversal down. ""You want delivery! You can't handle the delivery!"



BKX
Doji day. Midpoint below EMA(10). Tested and failed SMA(144). Still failing its 38.2% retrace (51.48). No daily 3LB changes (reversal is 50.26).




WORLD WIDE PREMIERE JULY 1, 2011

1 comments:

Andy T said...

Everyone take care of the Moms in your life.

Looking forward to a slower weekend.

On Sunday, ManUtd plays Chelsea in Old Trafford...they're playing for 1st place in the EPL. A few weeks ago, I took down a long shot bet on Chelsea against a 'friend'...at 5:1.

I'll be rooting for Chelsea this wknd.


Also, wouldn't mind seeing the Lakers get SWEPT out of the playoffs, though that would have to be the "outlier" event for sure.

May 6, 2011 at 9:06 PM

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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.