AmenRa's Corner

Posted by AmenRa on Friday, May 27, 2011 /
A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.






Creditcane™: Sorry. I was out back cleaning the grill. See you next week.



SPX
Bullish short day. Midpoint below EMA(10). Held SMA(55). Still below trend line (3/6/09-7/1/10). Held the 38.2% retrace (1324.16). Daily 3LB reversal up (reversal is 1316.35). QE2infinity. "JBTFD. Any questions?"



DXY
Bearish long day. Midpoint below EMA(10). No test of 0.0% retrace (72.70). Tested and failed SMA(55). Failing its 38.2% retrace (75.99). No daily 3LB changes (reversal is 74.84).



VIX
Bearish short day. Midpoint below EMA(10). Still below all SMA's. Failing its 14.6% retrace (16.75). No daily 3LB changes (reversal is 18.40). Trying to escape the "no fear" zone.



GOLD
Bullish long day. Midpoint above EMA(10). No test of 0.0% retrace (1577.40). Held SMA(21). Tested and failed its 14.6% retrace (1539.32). No daily 3LB changes (reversal is 1556.40). Holding above upper trend line. Must have the precious.



EURUSD
Bullish long day. Midpoint above EMA(10). Held SMA(89). Tested but failed its SMA(55). Still below its 76.4% retrace (1.4346). No daily 3LB changes (reversal is 1.4323).



JNK
Bullish LONG day (really? I mean c'mon man). Midpoint below EMA(10). Held SMA(21). No test of 0.0% retrace (40.93). Held its 14.6% retrace (40.73). No daily 3LB changes (reversal is 40.49).



10YR YIELD
Bearish short day (possible homing pigeon). Still below all SMA's. Midpoint below EMA(10). Made a new 0.0% retrace (30.55). Still below the upper trend line. No daily 3LB changes (reversal is 32.30).



WTI
Bullish short day (didn't confirm bearish harami). Above SMA(144). Midpoint above EMA(10). No test of 0.0% retrace (114.83). Above its 61.8% retrace (98.41). No dally 3LB changes (reversal is 111.41).



SILVER
Bullish short day (confirmed bearish thrusting). Held SMA(21). Midpoint above EMA(10). Still above the upper trend line. Tested and failed its 50.0% retrace (38.05). New high on daily 3LB (reversal is 34.14). ""You want delivery! You can't handle the delivery!"



XLF
Bullish short day. Midpoint below EMA(10). Below all SMA's. Below its 50.0% retrace (15.78). No daily 3LB changes (reversal is 15.75).



RUSSELL 2K
Bullish long day. Midpoint above EMA(10). Held SMA(21). Tested and failed its 50.0% retrace (838.25). No daily 3LB changes (reversal is 861.55).




WORLD WIDE PREMIERE JULY 1, 2011



Being played more and more during this economic recovery...

3 comments:

wunsacon said...

>> If you see something, say something

Ben, LOL, I much prefer saying this expression in its original Russian:

http://translate.google.com/#auto|ru|If%20you%20see%20something%2C%20say%20something

(A few months back, I practiced the annunciation, just so I can whip it out in casual conversation with colleagues.)

Might I suggest we all practice??

May 27, 2011 at 7:49 PM
AmenRa said...

I always like to read his posts: http://www.zerohedge.com/article/capital-context-update-market-observations-offer-bearish-bias

May 28, 2011 at 2:27 AM
Anonymous said...

http://www.ritholtz.com/blog/2011/05/weve-gone-from-a-nation-of-laws-to-a-nation-of-powerful-men-making-laws-in-secret/

BR, from Washington's Blog, had a good Post..

Washington's Blog, itself, is worth Reading..

"Welcome to the Occupation" (thx R.E.M.~!)

AAIP

May 28, 2011 at 9:45 AM

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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.