AmenRa's Corner

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

Creditcane™: Hit the market with the one-two punch. The ref is counting as we speak.

SPX
Bearish harami day. Midpoint above EMA(10). Tested and failed SMA(144) & SMA(21). Failing trend line (3/6/09-7/1/10). Failed the 61.8% retrace (1295.47). No daily 3LB changes (reversal is 1265.33). QE2infinity.



DXY
Bullish harami day. Midpoint below EMA(10). No test of 0.0% retrace (72.70). Tested and held SMA(21) & SMA(55). Held its 23.6% retrace (74.73). Held its weekly 3LB mid. No daily 3LB changes (reversal is 73.78).



VIX
Hammer day (also a double bottom). Midpoint below EMA(10). Snuck below SMA(21). Tested and held its 23.6% retrace (18.28). No daily 3LB changes (reversal is 18.26). Captured and extradited back to the "no fear" zone.



GOLD
Spinning top day. Midpoint above EMA(10). No test of 0.0% retrace (1578.30). Held SMA(21). 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 harami day. Midpoint above EMA(10). Tested and failed SMA(21). Held its 76.4% retrace (1.4304). No daily 3LB changes (reversal is 1.4580).



JNK
Bearish long day. Midpoint below EMA(10). Failing all SMA's. No test of 0.0% retrace (38.59). Failed its 38.2% retrace (39.48). Failing trend line (2/5/10-2/12/10). No daily 3LB changes (reversal is 39.88).



10YR YIELD
Bullish long day (possible bullish engulfing). Failing all SMA's. Midpoint below EMA(10). No test of 0.0% retrace (28.93). Still below the upper trend line. No daily 3LB changes (reversal is 30.99).



WTI
Spinning top day. Failing SMA(233). Midpoint below EMA(10). No test of 0.0% retrace (114.83). Tested and held its 85.4% retrace (93.07). No dally 3LB changes (reversal is 97.84).



SILVER
Spinning top day. Failing SMA(89), SMA(55) & SMA(21). Midpoint above EMA(10). Still below the upper trend line. Holding its 61.8% retrace (35.28). No daily 3LB changes (reversal is 38.30). "You want delivery! You can't handle the delivery!"



BKX
Bearish short day. Midpoint above EMA(10). Failing all SMA's. Holding above its 76.4% retrace (47.07). No daily 3LB changes (reversal is 46.37).



HYG/LQD
Bearish harami day. No test of 0.0% retrace (0.7899). Below all SMA's. Midpoint below EMA(10). No daily 3LB changes (reversal is 0.7961).



TLT
Bearish short day. Midpoint above EMA(10). Held SMA(21). No test of 0.0% retrace (97.72). Trading above its upper trend line. Tested and held its 14.6% retrace (96.54). No daily 3LB changes (reversal is 97.64).

WORLD WIDE PREMIERE JULY 1, 2011

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