AmenRa's Corner

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

Creditcane™: Just finished my tuneup. Time for a test drive.

SPX
Bearish harami day (damn). Midpoint above EMA(10). Above all SMA's. Failing trend line (3/6/09-7/1/10). Holding well above the 61.8% retrace#1 (1273.65). The secondary retraces aren't in play…yet. No daily 3LB changes (reversal is 1296.67). QE2infinity.



DXY
Bullish long day. Midpoint below EMA(10). Tested and held the 50.0% retrace#2 (74.67). Below all SMA's. Tested and held its weekly 3LB mid. No daily 3LB changes (reversal is 73.78).



VIX
Spinning top day. Midpoint below EMA(10). Below all SMA's. Held above its 0.0% retrace#1 (15.79). No daily 3LB changes (reversal is 21.32). Extradited back to the "no fear" zone.



GOLD
Bullish long day. Midpoint below EMA(10). Tested and held its 38.2% retrace#1 (1489.26) and 61.8% retrace#2 (1514.37). Tested and held SMA(89). No daily 3LB changes (reversal is 1557.30). Holding above upper trend line. Must have the precious.



EURCHF
Bearish short day (with long hair). Midpoint above EMA(10). Tested and failed its 50.0% retrace#2 (1.213). Tested and held its SMA(21) retrace. No daily 3LB changes (reversal is 1.1925).



JNK
Bullish short day (hanging man should gap higher). Midpoint above EMA(10). Held SMA(233). Tested and held its 61.8%% retrace#1 (40.20). Failed to hold trend line (2/5/10-2/12/10). No daily 3LB changes (reversal is 39.41).



10YR YIELD
Bearish short day. Tested and held SMA(55). Midpoint above EMA(10). Held its 38.2% retrace#1 (31.19). Still above the upper trend line. No daily 3LB changes (reversal is 29.09).



WTI
Bullish long day. Tested and held SMA(21). Midpoint above EMA(10). Tested and held its 38.2% retrace#2 (94.48). New high on dally 3LB (reversal is 91.02).



SILVER
Bullish long day. Tested and held SMA(21). Midpoint below EMA(10). Still below the upper trend line. Tested and held its 61.8% retrace#1 (35.20). No daily 3LB changes (reversal is 37.88).



BKX
Bearish harami day. Midpoint above EMA(10). Tested and failed SMA(55). Tested and failed its 61.8% retrace#1 (48.82). No daily 3LB changes (reversal is 46.64).



HYG/LQD
Hanging man day again. Tested and held SMA(55). Midpoint above EMA(10). Tested and failed its 61.8% retrace#1 (0.8312). No daily 3LB changes (reversal is 0.8146).



TLT
Bullish harami day. Midpoint below EMA(10). Held SMA(89). Trading below its upper trend line. Tested and failed its 38.2% retrace#1 (94.22). No daily 3LB changes (reversal is 94.88).



AT's look at Aug Crude Futures:

IT HAS BEGUN. YOU HAVE BEEN WARNED.