AmenRa's Corner

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




Creditcane™: Still recouping. I can't wreck havoc in this condition.


SPX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(55). Well above the 61.8% minor retrace (1168.03). No daily 3LB changes (reversal is 1200.07). QE2infinity. Still above the daily 3LB mid but still below the weekly 3LB mid.



DXY
Bearish long day. Midpoint below EMA(10). Tested and failed the 61.8% minor retrace (78.16). Tested and failed SMA(21). Daily 3LB reversal down (reversal is 79.60). Still confirming the monthly 3LB reversal up.



VIX
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(55). Tested and failed its 38.2% retrace (33.51). No daily 3LB changes (reversal is 25.25). Still running away from the "extreme fear" zone.



GOLD
Bullish long day. Midpoint below EMA(10). Tested and held its 50.0% retrace (1651.50). Tested and held SMA(89). No daily 3LB changes (reversal is 1757.30). Must have the precious.



EURUSD
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21). Tested and held its 50.0% minor retrace (1.3598). Daily 3LB reversal up (reversal is 1.3217).



JNK
Bullish long day. Midpoint above EMA(10). Failing all SMA's. Tested and held its 61.8% minor retrace (36.86). Daily 3LB reversal up (reversal is 35.34).



10YR YIELD
Doji day (no bond trading). Holding above SMA(21). Midpoint above EMA(10). Holding above its 0.0% retrace (18.96). New high on daily 3LB (reversal is 18.75).



WTI
Bullish long day. Tested and held SMA(21). Midpoint above EMA(10). Tested and held its 50.0% minor retrace (85.62). New high on dally 3LB (reversal is 79.68). Not confirming the monthly 3LB reversal down.



SILVER
Bullish short day (didn't confirm dark cloud cover). Failing all SMA's. Midpoint below EMA(10). Tested and held its 61.8% minor retrace (31.80). No daily 3LB changes (reversal is 36.58).



BKX
Bullish long day (didn't confirm dark cloud cover). Midpoint above EMA(10). Tested and held SMA(21). Tested and held its 38.2% minor retrace (36.60). New high on daily 3LB (reversal is 33.65).



HYG/LQD
Bullish short day. Tested and failed SMA(55). Midpoint above EMA(10). Tested and held its 61.8% minor retrace (0.7643). New high on daily 3LB (reversal is 0.7241).



USDJPY
Spinning top day. Midpoint above EMA(10). Tested and failed SMA(21). Tested and held its 38.2% retrace (76.561). No daily 3LB changes (reversal is 77.63).



COPPER
Bullish long day. Midpoint above EMA(10). Failing all SMA's. Tested and held its 38.2% minor retrace (3.325). New high on daily 3LB (reversal is 3.151).




IT HAS BEGUN. YOU HAVE BEEN WARNED.

9 comments:

AmenRa said...

EU leaders delay summit until Oct 23

the Sunday after options expiration!!! Figures.

Matthew said...

Bond trading closed today. No sell side whackos with home to converse. Nothing to say.

If we get a big risk on this week, expecting a lot of deals to be done.

Andy T said...

Anyone eslse catch the article WSJ on Steve jobs real father. Pretty interesting stuff.

Turns out the guy is a successful manager of people who had another daughter that was also successful-creative.

The dude should probably "bottle" that DNA.

Andy T said...

I have the x-wave concluding and the 1075 low last week. Seems extremely overbought in the very short term, but this looks the beginning of a several week congestive move higher. Given the extremely violent nature of the first move up I would have to guess a tingle development.

Andy T said...

You know your career in acting is over when you're doing local car commercials.

I'm starting to see a lot of Gary Busey commercials for Westside Kia here in Houston, TX. They're pathetic...

steve from Winnipeg said...

I've changed my handle -- from various incarnations of love the gold trend -- to steve from Winnipeg.

Happy Birthday Andy. My 40th is actually a week away.

I got to enjoy the first home game yesterday of the new Winnipeg Jets NHL team. We got our NHL team back after 15 years. The team is a bit weak, but the crowd was over the top. The one goal the team scored had a crowd reaction like we won a playoff series in overtime. 15 years of pent up NHL emotion.

Still looking for gold to go into the 1400's in the next month or two.

Andy T said...

Wow.

Guys, ritholtz has a few more tickets left to his conference. U still have a shot at seeing that all-star line up....

James Altuccher himself is surely worth the price of admission.

Andy T said...

Hey Steve.

Neely suggesting gold could LOSE 1400 of value from the highs....

Congrats on the new team.

Also, Happy Thanksgiving.

AmenRa said...

If Green Bay and Detroit continue winning then the Thanksgiving game will be intense as it will be for control of the NFC North.

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