AmenRa's Corner

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

"Did you think I would give you a break because it's a holiday weekend? Not on my watch."

Creditcane™: Someone fire up the grill. I'm tired of these games.

SPX
Bullish long day. Midpoint above EMA(10). Above all SMA's. Failing trend line (3/6/09-7/1/10). Tested and held the 38.2% retrace (1324.16). New high on daily 3LB (reversal is 1296.67). QE2infinity. Bah humbug.



DXY
Spinning top day (morning star not formed). Midpoint below EMA(10). No test of 0.0% retrace (72.70). Below all SMA's. Failing its 23.6% retrace (74.73). Tested and failed its weekly 3LB mid. No daily 3LB changes (reversal is 73.78).



VIX
Spinning top day (another morning star failure). Midpoint below EMA(10). Below all SMA's. Failing its 14.6% retrace (16.75). New low on daily 3LB (reversal is 21.32). Extradited back to the "no fear" zone.



GOLD
Bearish long day (confirmed a downtrend bearish engulfing - guess that means continuation). Midpoint below EMA(10). No test of 0.0% retrace (1578.30). Tested and held SMA(89). 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
Bullish long day. Midpoint above EMA(10). No test of 0.0% retrace (1.1781). Tested and held its 23.6% retrace (1.2143). New high on daily 3LB (reversal is 1.1925).



JNK
Bullish long day. Midpoint above EMA(10). Back above SMA(233). No test of 0.0% retrace (38.59). Tested and held its 61.8% retrace (40.04). Held trend line (2/5/10-2/12/10). New high on daily 3LB (reversal is 39.41).



10YR YIELD
Bullish long day. Holding SMA(55). Midpoint above EMA(10). No test of 0.0% retrace (28.47). Tested and held the 38.2% retrace (31.42). Back above the upper trend line. New high on daily 3LB (reversal is 29.09). Had a weekly 3LB reversal up.



WTI
Bearish short day. Failing all SMA's. Midpoint above EMA(10). No test of 0.0% retrace (114.83). Failing its 76.4% retrace (95.46). No dally 3LB changes (reversal is 90.61).



SILVER
Bearish long day. Tested and failed SMA(144). Midpoint below EMA(10). Still below the upper trend line. Failing its 61.8% retrace (35.28). No daily 3LB changes (reversal is 37.88).



BKX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(55). Tested and held its 61.8% retrace (48.75). New high on daily 3LB (reversal is 46.64).



HYG/LQD
Hanging man day. No test of 0.0% retrace (0.7899). Tested and failed SMA(89). Midpoint above EMA(10). Tested and held its 61.8% retrace (0.8296). New high on daily 3LB (reversal is 0.8146).



EEM
Bullish short day. Midpoint above EMA(10). Above all SMA's. Tested and held its 38.2% retrace (48.07). New high on daily 3LB (reversal is 46.66).

IT HAS BEGUN. THAT WHAT WAS IS NO MORE. RUN.