AmenRa's Corner

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

"You too can prevent no volume market ramp ups."

Creditcane™: I've fallen and I can't get up.

SPX
Bullish long day. Midpoint below EMA(10). Back above all SMA's. Holding above trend line (3/6/09-7/1/10). Tested and held the 38.2% minor retrace (1314.25). No daily 3LB changes (reversal is 1353.22). QE2infinity.



DXY
Spinning top day. Midpoint above EMA(10). Tested and held the 61.8% minor retrace (74.94). Holding SMA(21). Holding its weekly 3LB mid. No daily 3LB changes (reversal is 74.79).



VIX
Bearish long day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 38.2% retrace (20.28). No daily 3LB changes (reversal is 21.32). Captured and returned to the "no fear" zone.



GOLD
Bearish engulfing day. Midpoint above EMA(10). Tested and failed its 0.0% retrace (1594.90). Above all SMA's. No daily 3LB (reversal is 1585.50). Holding above upper trend line. Must have the precious.



EURCHF
Bullish engulfing day. Midpoint below EMA(10). Tested and held its 0.0% retrace (1.1467). Failing all SMA's. No daily 3LB changes (reversal is 1.1589). Intervention anyone?



JNK
Spinning top day. Midpoint above EMA(10). Failing SMA(233). Held its 50.0% retrace (40.00). Below trend line (2/5/10-2/12/10). No daily 3LB changes (reversal is 40.39).



10YR YIELD
Bearish long day. Failing all SMA's. Midpoint below EMA(10). Failing its 38.2% minor retrace (29.56). Further below the upper trend line. No daily 3LB changes (reversal is 31.97). Closed at its previous daily low close.



WTI
Bullish long day. Held SMA(233). Midpoint above EMA(10). Tested and failed SMA(55). Tested and failed its 38.2% minor retrace (97.98). No dally 3LB changes (reversal is 91.38).



SILVER
Bearish engulfing day. Still above all SMA's. Midpoint above EMA(10). Still above the upper trend line. Tested and failed its 38.2% retrace (40.69). No daily 3LB changes(reversal is 38.15).



BKX
Bullish long day. Midpoint below EMA(10). Failing all SMA's. Held its 61.8% minor retrace (46.19). No daily 3LB changes (reversal is 48.32).



HYG/LQD
Spinning top day. Held SMA(21). Midpoint below EMA(10). Failing its 38.2% retrace (0.8201). No daily 3LB changes (reversal is 0.8332).



GS
Bullish long day. Below all SMA's. Midpoint below EMA(10). Tested and held its 0.0% retrace (128.30). Daily 3LB reversal down (reversal is 136.65).

IT HAS BEGUN. BE WARNED.