AmenRa's Corner

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

Creditcane™: Are you looking at me? Are you looking at me?

SPX
Bearish thrusting day. Midpoint above EMA(10). Still above all SMA's. Holding above trend line (3/6/09-7/1/10). Held the 38.2% minor retrace (1314.25). No daily 3LB changes (reversal is 1353.22). QE2infinity.



DXY
Bearish long day. Midpoint below EMA(10). Tested and failed the 61.8% minor retrace (74.94). Failed SMA(21) & SMA(55). Holding its weekly 3LB mid. No daily 3LB changes (reversal is 74.79).



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



GOLD
Bullish long day (7/19/11 become a bearish short day instead of bearish engulfing). Midpoint above EMA(10). Tested and held 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
Doji day (didn't confirm bullish engulfing). Midpoint below EMA(10). Holding its 0.0% retrace (1.1467). Failing all SMA's. No daily 3LB changes (reversal is 1.1477).



JNK
Spinning top day. Midpoint above EMA(10). Tested and held SMA(233) & SMA(55). Tested and held its 61.8% retrace (40.20). Below trend line (2/5/10-2/12/10). No daily 3LB changes (reversal is 40.39).



10YR YIELD
Spinning top day (possible bullish harami). 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).



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



SILVER
Bullish short day (yesterdays engulfing became a short day). Still above all SMA's. Midpoint above EMA(10). Still above the upper trend line. Failing 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 50.0% minor retrace (46.69). No daily 3LB changes (reversal is 48.32).



HYG/LQD
Bullish long day. Tested and held SMA(21). Midpoint above EMA(10). Tested and held its 38.2% retrace (0.8201). No daily 3LB changes (reversal is 0.8332).



COPPER
Dark cloud cover day. Midpoint above EMA(10). Still above all SMA's. Failed its 50.0% minor retrace (4.460) but held its 38.2% retrace (4.330). No daily 3LB changes (reversal is 4.302).

IT HAS BEGUN. BE WARNED.