AmenRa's Corner

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

Creditcane™: When I speak, people listen.

SPX
Bearish long day. Midpoint below EMA(10). Failing SMA(21), SMA(55), SMA(89) & SMA(144). Failing trend line (3/6/09-7/1/10). Tested and failed the 61.8% retrace (1295.47). Failing weekly 3LB mid. Failing monthly 3LB mid. New low on daily 3LB (reversal is 1314.55). QE2infinity. "JBTFD. Any questions?"



DXY
Bullish harami day. Midpoint below EMA(10). No test of 0.0% retrace (72.70). Below all SMA's. Held its 14.6% retrace (73.95). Failing its weekly 3LB mid. No daily 3LB changes (reversal is 75.76).



VIX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Held its 23.6% retrace (18.28). New high on daily 3LB (reversal is 15.45). Wants to escape the "no fear" zone.



GOLD
Doji day. Midpoint above EMA(10). No test of 0.0% retrace (1577.40). Above all SMA's. Held its 14.6% retrace (1539.32). No daily 3LB changes (reversal is 1557.30). Holding above upper trend line. Must have the precious.



EURUSD
Bearish thrusting day. Midpoint above EMA(10). Above all SMA's. Tested and failed its 85.4% retrace (1.4640). No daily 3LB changes (reversal is 1.4100).



JNK
Bearish long day. Midpoint below EMA(10). Failed its SMA(233). No test of 0.0% retrace (40.93). Tested and failed its 61.8% retrace (40.10). New low on daily 3LB (reversal is 40.84).



10YR YIELD
Gravestone doji day. Still below all SMA's. Midpoint below EMA(10). No test of 0.0% retrace (29.48). Still below the upper trend line. No daily 3LB changes (reversal is 31.21).



WTI
Bearish long day (with long tail). Back below SMA(21) & SMA(144). Midpoint below EMA(10). No test of 0.0% retrace (114.83). Failed its 61.8% retrace (98.93). No dally 3LB changes (reversal is 111.41).



SILVER
Bullish short day. Held SMA(21). Midpoint below EMA(10). Still below the upper trend line. Failing its 50.0% retrace (38.05). No daily 3LB changes (reversal is 36.12). ""You want delivery! You can't handle the delivery!"



BKX
Bullish long day. Midpoint below EMA(10). Failing all SMA's. Failed its 76.4% retrace (47.07). New low on daily 3LB (reversal is 49.72).



HYG/LQD
Spinning top day. Tested and failed its 14.6% retrace (0.8226). Below all SMA's. Midpoint below EMA(10). No daily 3LB changes (reversal is 0.8308).



XRT
Bearish long day. Midpoint below EMA(10). Failed its SMA(89). Tested and failed its 50.0% retrace (51.06). New low on daily 3LB (reversal is 52.26). XRT had a weekly reversal down last week.

WORLD WIDE PREMIERE JULY 1, 2011