AmenRa's Corner

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

Creditcane™: Got jumped by Wall Street in a dark alley.

SPX
Bullish long day (confirmed bearish thrusting). 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 38.2% minor retrace (74.40). Now below all SMA's. Tested and failed its weekly 3LB mid. New low on daily 3LB (reversal is 75.99).



VIX
Bearish long day. Midpoint below EMA(10). Now below all SMA's. Failing its 38.2% retrace (20.28). Failed its 50.0% minor retrace (18.03). No daily 3LB changes (reversal is 21.32). Captured and returned to the "no fear" zone.



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



EURCHF
Bullish long day. Midpoint below EMA(10). Holding its 0.0% retrace (1.1467). Tested and failed its 38.2% minor retrace (1.1726). Failing all SMA's. New high on daily 3LB (reversal is 1.1477).



JNK
Bullish long day. Midpoint above EMA(10). Now above all SMA's. Holding its 61.8% retrace (40.20). Held trend line (2/5/10-2/12/10). Daily 3LB reversal up (reversal is 39.86).



10YR YIELD
Bullish long day (confirmed bullish harami). Tested and held SMA(21). Midpoint above EMA(10). Held its 50.0% minor retrace (29.87). Still below the upper trend line. No daily 3LB changes (reversal is 31.97).



WTI
spinning top day. Tested and held SMA(55). Midpoint above EMA(10). Tested and held its 38.2% minor retrace (97.98). New high on dally 3LB (reversal is 95.78).



SILVER
Bearish long 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 above EMA(10). Tested and held SMA(21). Held its 38.2% minor retrace (47.20). No daily 3LB changes (reversal is 48.32). Now trading above its weekly 3LB reversal price.



HYG/LQD
Bullish long day. Tested and held SMA(55) & SMA(233). Midpoint above EMA(10). Tested and failed its 50.0% retrace (0.8259). No daily 3LB changes (reversal is 0.8332).



EEM
Bullish long day. Midpoint above EMA(10). Tested and held SMA(55), SMA(89) & SMA(144). Tested and held its 50.0% retrace (47.33). No daily 3LB changes (reversal is 48.48).

IT HAS BEGUN. BE WARNED.