AmenRa's Corner

...can prevent market melt ups based on BS rumors.


Creditcane™: Trying to find a way to end low volume melt ups.


SPX
Bullish long day (didn't confirm hanging man). Midpoint above EMA(10). Tested and held SMA(233). Held above the 38.2% retrace (1241.13). No daily 3LB changes (reversal is 1285.09). QE2infinity. Still above monthly & daily 3LB mids.



DXY
Bearish long day. Midpoint above EMA(10). Tested and held the 50.0% retrace (76.55). Tested and failed SMA(21) & SMA(55). No daily 3LB changes (reversal is 74.88). Not confirming the monthly 3LB reversal up.



VIX
Bearish long day. Midpoint below EMA(10). Failing SMA(21). Tested and failed its 50.0% retrace (29.84). No daily 3LB changes (reversal is 48.00). Escaped the grip of the "fear" zone.



GOLD
Bearish thrusting day. Midpoint above EMA(10). Tested and failed its 61.8% minor retrace (1792.10). Still above all SMA's. No daily 3LB changes (reversal is 1594.80). Must have the precious.



EURUSD
Bullish long day (ha ha). Midpoint below EMA(10). Tested and failed SMA(21). Held above its 38.2% minor retrace (1.3713). No daily 3LB changes (reversal is 1.4201).



JNK
Doji day. Midpoint above EMA(10). Held above SMA(89). Held above its 50.0% retrace (38.24). No daily 3LB changes (reversal is 37.74).



10YR YIELD
Bullish short day (day 5 of not closing gap). Failing all SMA's. Midpoint below EMA(10). Failing its 38.2% minor retrace (21.37). No daily 3LB changes (reversal is 23.95).



WTI
Bullish short day. Tested and held SMA(233). Midpoint above EMA(10). Holding above its 38.2% retrace (92.96). New high on dally 3LB (reversal is 94.07). Not confirming the monthly 3LB reversal down.



SILVER
Spinning top day. Holding above SMA(21). Midpoint above EMA(10). Tested and failed its 61.8% retrace (35.25). No daily 3LB changes (reversal is 36.58).



BKX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(89). Holding above its 61.8% minor retrace (38.43). No daily 3LB changes (reversal is 36.51).



HYG/LQD
Bullish short day (didn't confirm hanging man). Tested and held SMA(21). Midpoint above EMA(10). Holding above its 61.8% minor retrace (0.7643). No daily 3LB changes (reversal is 0.7966).



USDJPY
Bearish short day. Midpoint above EMA(10). Failing SMA(144). Tested and failed its 50.0% minor retrace (77.785). No daily 3LB changes (reversal is 75.70). Let's see how long this lasts. Still waiting and waiting and waiting.



EEM
Bullish short day. Midpoint above EMA(10). Tested and held SMA(89). Tested and held its 50.0% retrace (41.81). No daily 3LB changes (reversal is 39.16).




IT HAS BEGUN. YOU HAVE BEEN WARNED.

10 comments:

ben22 said...

AT,

re: older cars, my car now has 136k on it, I'm hoping to drive it quite a while longer

so I have a visor on the back window that there is a button for, well the stupid visor is stuck up, the button doesn't work now, I got a quote to fix it the other day, $1,900.

lol, I've never once left that dealership for under $400, and I especially enjoy the gold leaf wiper fluid they love to try and charge me $12 for to top me off.

regarding the market, can't help but note that there are lots and lots of bullish chart set ups out there, while I wouldn't be shocked by any pullback soon I'm still thinking quite a few individual names will do pretty well the next couple months.

Andy T said...

Love smokey the bear....

Trimmed shorts. Only running a 20% of max short here.

Mostly thinking about napa this weekend and officiating a marriage on Friday.

The problem with no car payments and driving "older cars" is the occassional 1000+ bill that comes along when an alternator goes bad.....

Love it.

Andy T said...

Ben,

Yeah, I drive a 2001 Mercedes .... The Germans definitely know how to build a car, but man, when there's a problem, go ahead and lube up....

I haven't found a good German "mechanic" yet so I still take it to this rip off dealership. The place is undergoing a 5.5mm renovation (that's the price tags according to my shuttle driver)....

A 5.5mm renovation? WTF?!?

Nice.

Never again....though the free loaner was a decent perk.

Anonymous said...

out of curiosity..

does Justin Verlander (Pitcher, Cy Young Award winner, from the Detroit KittyKats) remind anyone else of "Tintin" ?

http://www.show.me.uk/site/make/The-Big-Draw/STO880.html

http://search.yippy.com/search?input-form=clusty-simple&v%3Asources=webplus-ns-aaf&v%3Aproject=clusty&query=Tin+Tin+cartoon

just wonderin'...~

AAIP

ben22 said...

AT,

I'm in an 05, and oddly enough, the dealer in wilmington just did a major reno in the last year as well, funny that. the customer service still generally sucks for a "luxury brand" imo.....

most mechanics can't work on them is what I've found, need a computer just to do the oil change

Anonymous said...

http://www.finviz.com/quote.ashx?t=AZO

~333.79 +6.68

is AZO going to 'break on through to the Other (Up-) Side'?

ibid.

http://www.finviz.com/insidertrading.ashx?oc=1284352&tc=7
http://www.finviz.com/insidertrading.ashx?oc=1284353&tc=7
http://www.finviz.com/quote.ashx?t=HANS&ty=c&ta=1&p=d

~94.48...warm up the klaxons..

Anonymous said...

"...need a computer just to do the oil change..."

http://search.yippy.com/search?input-form=clusty-simple&v%3Asources=webplus-ns-aaf&v%3Aproject=clusty&query=growing+cost+of+electronic+componetry+in+automobiles

ibid.

cv said...

@Amen

I found your 'headline' for the market melt-up...

"Asteroid to Miss Earth"

http://www.zerohedge.com/news/better-expectations-asteroid-miss-earth

Now my thinking is, that it'll wheel around the sun, then come back & strike us on the backside...

Then the NEXT DAY, Krugman will come out and give us an estimation of the GDP bump from all the death & annihilation (vis-a-vis Fukushima)...

Then we'll be talking a REAL melt-up...

AmenRa said...

Andy T

Find a good imported parts shop and a mechanic that knows Mercedes. Dealer repair is a known rip off.

Anonymous said...

http://www.enviroblog.org/2011/04/water-utilities-meet-water-drinkers.html

for general Reading purposes..

AAIP

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