AmenRa's Corner

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






Creditcane™: Down but not out. Bring it.



SPX
Bullish long day. Midpoint below EMA(10). Still below SMA(21). Tested and held trend line (3/6/09-7/1/10). Almost tested the 23.6% retrace (1341.90). No daily 3LB changes (reversal is 1360.48). QE2infinity. "JBTFD. Any questions?"



DXY
Spinning top day. Midpoint above EMA(10). No test of 0.0% retrace (72.70). Held SMA(55). Still below its 38.2% retrace (75.99). No daily 3LB changes (reversal is 74.19).



VIX
Bearish LONG day. Midpoint below EMA(10). Failed SMA(21). Failed its 14.6% retrace (16.75). No daily 3LB changes (reversal is 18.40). Deep in the "no fear" zone.



GOLD
Spinning top day. Midpoint below EMA(10). No test of 0.0% retrace (1577.40). Failing to hold SMA(21). No daily 3LB changes (reversal is 1556.40). Holding above upper trend line. Must have the precious.



EURUSD
Bullish short day. Midpoint below EMA(10). Still below SMA(55). Still below its 76.4% retrace (1.4346). No daily 3LB changes (reversal is 1.4508).



JNK
Hanging man day. Midpoint above EMA(10). Closed above all SMA's. No test of 0.0% retrace (40.93). Tested and held its 14.6% retrace (40.73). Daily 3LB reversal up (reversal is 40.49).



10YR YIELD
Bullish engulfing day. Still below all SMA's. Midpoint below EMA(10). Tested and held 0.0% retrace (30.98). Still below the upper trend line. No daily 3LB changes (reversal is 32.30).



WTI
Bullish long day. Held SMA(144). Midpoint below EMA(10). No test of 0.0% retrace (114.83). Back above its 61.8% retrace (98.41). No dally 3LB changes (reversal is 111.41).



SILVER
Bullish long day. Still failing SMA(89). Midpoint below EMA(10). Failed the upper trend line. Failed its 61.8% retrace (35.28). No daily 3LB changes (reversal is 35.29). ""You want delivery! You can't handle the delivery!"



TLT
Bearish long day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 14.6% retrace (95.59). Tested and failed its upper trend line. No daily 3LB changes (reversal is 94.59).



XLE
Bullish long day. Still failing all SMA's but the SMA(144). Midpoint below EMA(10). Daily 3LB reversal up (reversal is 73.13).




WORLD WIDE PREMIERE JULY 1, 2011

5 comments:

Andy T said...

Ra-

The crying bear never gets old.

Andy T said...

Big goings on this week in AT's house. oldest daughter had braces removed today and 8th grade dance this Saturday.

It's a $3,500 smile for sure. Winning.

Andy T said...

One thing I will NOT be doing this evening is watching American Idol. Yes, we are AI watchers, but no more. They got rid of the last good dude last week and America is likely going to make this 'country crooner' kid the American Idol. He's not that good....very narrow range...boring. But, he sings the jingoistic/nationalistic/religious tunes which brings home the votes every week. Ugh.

If he wins, I won't watch the show ever again.

Anonymous said...

I suppose the Miami Heat haters will have to go back into hibernation for a few more days.

They played some awesome defense tonight and LBJames 'showed up' at the end of the game to close it down.

If the Heat start getting quality minutes out of Haslem, the Series will be "different."

cv said...

I wonder what 'Lakeysha' had to say that was so important...

http://news.yahoo.com/s/yblog_thelookout/20110518/us_yblog_thelookout/loud-cell-phone-talker-removed-from-quiet-car-by-police

---

I think RUN DMC said it best...

http://www.youtube.com/watch?v=EheLN-MDzrA

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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.