AmenRa's Corner

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

"Out of the night that covers me black as a pit from pole to pole, I thank whatever gods there may be for my unconquerable soul."

Creditcane™: Tick tock. Tick tock. June 30th approaches. Today did not faze me.

SPX
Bullish long day (confirmed bullish harami). Midpoint above EMA(10). Tested and held SMA(21). Failing trend line (3/6/09-7/1/10). Tested and held the 61.8% retrace (1295.47). New high on daily 3LB (reversal is 1265.42). QE2infinity.



DXY
Spinning top day (confirmed bearish harami). Midpoint above EMA(10). No test of 0.0% retrace (72.70). Tested and failed SMA(89). Held its 23.6% retrace (74.73). Held its weekly 3LB mid. No daily 3LB changes (reversal is 73.78).



VIX
Bearish long day. Midpoint below EMA(10). Above all SMA's. Failing its 38.2% retrace (20.77). No daily 3LB changes (reversal is 18.26). Extradited back to the "no fear" zone.



GOLD
Spinning top day. Midpoint below EMA(10). No test of 0.0% retrace (1578.30). Failing SMA(55). Failing its 23.6% retrace (1515.29). No daily 3LB changes (reversal is 1557.30). Holding above upper trend line. Must have the precious.



EURCHF
Spinning top day. Midpoint below EMA(10). No test of 0.0% retrace (1.1781). No daily 3LB changes (reversal is 1.2010).




JNK
Bullish long day. Midpoint above EMA(10). Failing all SMA's. No test of 0.0% retrace (38.59). Holding 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. Tested and held SMA(21). Midpoint above EMA(10). No test of 0.0% retrace (28.47). Still below the upper trend line. No daily 3LB changes (reversal is 30.99). Above weekly 3LB reversal price.



WTI
Bullish long day (confirmed hammer). Failing all SMA's. Midpoint below EMA(10). No test of 0.0% retrace (114.83). Failing its 85.4% retrace (93.07). No dally 3LB changes (reversal is 95.22).



SILVER
Spinning top day (bullish harami?). Failing all SMA's. Midpoint below EMA(10). Still below the upper trend line. Failing its 61.8% retrace (35.28). No daily 3LB changes (reversal is 37.86). "You want delivery! You can't handle the delivery!"



BKX
Doji day (evening star?). Midpoint above EMA(10). Failing all SMA's. Tested and failed its 76.4% retrace (47.07). No daily 3LB changes (reversal is 47.73).



HYG/LQD
Bullish long day (confirmed bullish harami). No test of 0.0% retrace (0.7899). Tested and held SMA(21). Midpoint above EMA(10). Tested and held its 38.2% retrace (0.8144). New high on daily 3LB (reversal is 0.7961).

WORLD WIDE PREMIERE JULY 1, 2011