AmenRa's Corner


"Want to try again?"

Creditcane™: I warned you yesterday. Now I'm about to kick in the doors at the exchanges.


SPX
Bullish short day. Midpoint below EMA(10). Still failing all SMA's. Holding above the 61.8% retrace (1168.03). Daily 3LB reversal up (reversal is 1158.67). QE2infinity. Still below weekly & monthly 3LB mids.



DXY
Hanging man day. Midpoint above EMA(10). Failing the 100.0% retrace (79.60). Holding above all SMA's. No daily 3LB changes (reversal is 78.28). Still confirming the monthly 3LB reversal up.



VIX
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(21). Failing its 38.2% retrace (33.51). No daily 3LB changes (reversal is 48.00). The grip of the "fear" zone is strong.



GOLD
Spinning top day. Midpoint below EMA(10). Tested and held its 38.2% retrace (1714.40). Tested and held SMA(55). No daily 3LB changes (reversal is 1643.50). Must have the precious.



EURUSD
Doji day (barely confirmed bullish harami). Midpoint below EMA(10). Failing all SMA's. Tested and failed its 100.0% retrace (1.3350) again. No daily 3LB changes (reversal is 1.3511).



JNK
Spinning top day. Midpoint below EMA(10). Failing all SMA's. Holding above its 61.8% minor retrace (36.86). No daily 3LB changes (reversal is 37.63).



10YR YIELD
Doji day. Tested and failed SMA(21,55). Midpoint above EMA(10). Holding above its 0.0% retrace (18.96). Daily 3LB reversal up (reversal is 18.79).



WTI
Bullish long day. Still above all SMA's. Midpoint above EMA(10). Tested and held its 50.0% retrace (97.35). Dally 3LB reversal up (reversal is 96.17). Not confirming the monthly 3LB reversal down.



SILVER
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Tested and held its 38.2% minor retrace (31.85). No daily 3LB changes (reversal is 36.65).



BKX
Spinning top day. Midpoint below EMA(10). Failing all SMA's. Failing its 38.2% minor retrace (36.60). No daily 3LB changes (reversal is 40.05).



HYG/LQD
Doji day. Tested and held SMA(21, 89). Midpoint above EMA(10). Tested and held its 61.8% minor retrace (0.7643). Daily 3LB reversal up (reversal is 0.7466).



USDJPY
Spinning top day. Midpoint above EMA(10). Holding above SMA(21). Tested and failed its 38.2% minor retrace (78.074). No daily 3LB changes (reversal is 75.70).



EEM
Spinning top day. Midpoint below EMA(10). Failing all SMA's. Tested and failed its 61.8% retrace (38.06). No daily 3LB changes (reversal is 38.39).




IT HAS BEGUN. YOU HAVE BEEN WARNED.

11 comments:

ben22 said...

Ra,

hahaha, I don't know where you find these pictures man, another classic today.

Anonymous said...

CrackieMac,

Right?

the flippin' Bear, with Caption, yesterday, was +One..

AAIP

ben22 said...

aaip,

I used to just like his charts but anymore his skill on the pics is starting to rival that, especially the captions

I think that bear patrol one might be my fav, or the bear chasing the guy around the truck, who knows, they are all hilarious

Andy T said...

Double the sentiments in re: AmenRa's pictorials....

Andy T said...

This has been a pretty nice little bounce from the 61.8%....

Ultimately that level (1159) will get broken....

But for now, it looks like the bears could be in for a few days of choppiness higher....

Andy T said...

USC rocks UCLA 50-0 but UCLA going to the Pac-12 Conference Championship with a coach who as been fired....

What a friggin' mess.

Andy T said...

Anyone else follow this Syracuse mess with B. Fine and his wife?

Nice glimpse into a truly bizarre relationship. Truth is much, much stranger than fiction.

Andy T said...

http://www.businessinsider.com/bloomberg-hank-paulson-revealed-insider-information-to-hedge-funds-2011-11

NICE. Hank giving some decent non-public info to some big hedge funds prior to government takeovers.

I suppose that information was useful to some..

AmenRa said...

ben22

Did a quick search for "falling knife".

OT: ordered the wrong laptop fan. Despise listening to this damn thing make all of this noise.

AmenRa said...

Damn they weren't kidding. BAC had 192k Jan 12 $6 calls (OI 128k). I hope they were selling calls...

AmenRa said...

It's 1AM CST and Bloomberg is showing "Bloomberg West" WTF?!? I guess they don't want people to see the carnage in futures.

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