AmenRa's Corner

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

Creditcane™: Dear Bears: My name is Intervention. Be afraid when you hear it.

SPX
Shooting star day (yet confirmed bullish harami). Midpoint below EMA(10). Held SMA(89). Above the 38.2% retrace (1278.72). No daily 3LB changes (reversal is 1306.10). QE2infinity. "JBTFD" or "Intervention" now mean the same thing. Had a weekly 3LB reversal down.



DXY
Bearish short day. Midpoint below EMA(10). Now below the 0.0% retrace (77.54) from 11/4/10. Below all SMA's. New low on daily 3LB (reversal is 76.35).



VIX
Bullish short day (confirmed bearish harami). Midpoint above EMA(10). Above all SMA's. No daily 3LB changes (reversal is 20.80). Back below monthly 3LB & weekly 3LB mid. Still in the "some fear" zone.



GOLD
Bullish long day (confirmed hammer). Midpoint above EMA(10). No test of 0.0% retrace. Back above SMA(21). No daily 3LB changes (reversal is 1437.70). Held above upper trend line. Must have the precious.



AUDJPY
Bearish long day (yet completed morning star). Midpoint below EMA(10). Back above SMA(233). Also failed to hold its 61.8% retrace (0.7995). No daily 3LB changes (reversal is 0.8157).



JNK
Doji day. Midpoint above EMA(10). Back above SMA(144) & SMA(89). Back above its 38.2% retrace (40.21). Still below lower trend line. Daily 3LB reversal up (reversal is 39.58).



10YR YIELD
Bullish short day. No test of 0.0% retrace at 37.44. Still failing SMA(89). Midpoint below EMA(10). Held the 38.2% retrace (32.05). No daily 3LB changes (reversal is 33.93).



DJ TRANS AVG
Bullish short day. Still below SMA(89). Midpoint below EMA(10). No daily 3LB changes (reversal is 5093.23). No weekly 3LB reversal.




CRB
Spinning top day. Midpoint above EMA(10). Still below SMA(21). Held the 23.6% retrace (349.54). No daily 3LB changes (reversal is 354.45).



XLF
Doji day. Midpoint below EMA(10). Still below SMA(21). No test of 0.0% retrace. No daily 3LB changes (reversal is 16.77). No weekly 3LB reversal.



WTI
Spinning top day. Still above all SMA's. Midpoint above EMA(10). No test 0.0% retrace. Tested and failed the 14.6% retrace (103.49). No daily 3LB changes (reversal is 106.41).



SILVER
Bullish long day. Still above all SMA's. Midpoint below EMA(10). No test 0.0% retrace. Tested and held upper trend line. No daily 3LB changes (reversal is 36.05).

Morning Corner 3.18.11

USDJPY (weekly info)
-no change (below mid)
trend=no
direction=up (2 bars)
high= 83.88
rev= 80.42; mid= 82.25


If you're wondering why USDJPY skyrocketed and futures followed right along then look at the circle. G7 intervention. The BoJ bought a ton of dollars to drop the yen. They also are not sterilizing the purchase which means they printed yen for the purchase.



ES (weekly info)
-no change (below mid)
trend=up
high= 1342.50
rev= 1289.50; mid= 1315.63



Another view on what intervention does in the after hours session. Bears be warned. Bulls need new winter outerwear. It's 10:45 ET. Let's see if they can keep this up until the regular session open.

Will today be this...

Or this...

AmenRa's Corner

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

Creditcane™: Sometimes you get gored by the bull.

SPX
Bullish harami day. Midpoint below EMA(10). Held SMA(89). Above the 50.0% retrace (1258.53). No daily 3LB changes (reversal is 1306.10). QE2infinity. "JBTFD" aka this has to be the low…right?



DXY
Bearish short day. Midpoint below EMA(10). Still below the 14.6% retrace (77.54). Below all SMA's. New low on daily 3LB (reversal is 76.48).



VIX
Bearish harami day. Midpoint above EMA(10). Above all SMA's. No daily 3LB changes (reversal is 20.80). Still above monthly 3LB mid but below weekly 3LB mid. Still in the "some fear" zone.



GOLD
Hammer day. Midpoint below EMA(10). No test of 0.0% retrace. Still below SMA(21). No daily 3LB changes (reversal is 1437.70). Back above upper trend line. Must have the precious.



AUDJPY
Doji day (morning star forming?). Midpoint below EMA(10). Further below SMA(233). Also still below its 50.0% retrace (0.7808). New low on daily 3LB (reversal is 0.8157).



JNK
Bullish long day. Midpoint below EMA(10). Failing SMA(144). Back above its 23.6% retrace (39.94). Still below lower trend line. No daily 3LB changes (reversal is 40.23).



IQI
Bullish short day. Midpoint above EMA(10). Back above SMA(21). Held above its 23.6% retrace (11.68). No daily 3LB changes (reversal is 12.30). Back above its weekly 3LB mid (11.76).



10YR YIELD
Doji day. No test of 0.0% retrace at 37.44. Failing SMA(89). Midpoint below EMA(10). Held the 38.2% retrace (32.05). No daily 3LB changes (reversal is 33.93).



WTI
Bullish long day. Still above all SMA's. Midpoint below EMA(10). No test 0.0% retrace. Held the 23.6% retrace (100.03). No daily 3LB changes (reversal is 105.44).



SILVER
Spinning top day. Still above all SMA's. Midpoint below EMA(10). No test 0.0% retrace. Tested and held upper trend line. No daily 3LB changes (reversal is 36.05).



BKX
Bullish harami day. Midpoint below EMA(10). Tested and held SMA(89). No daily 3LB changes (reversal is 53.31). Still failing weekly 3LB reversal price.

Morning Corner 3.17.11

Open thread

Feel free to discuss whatever.

AmenRa's Corner

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

Creditcane™: Used new breathing techniques to allow my abilities to go all day.

SPX
Bearish long day (failed to confirm taker). Midpoint below EMA(10). Failed SMA(89). Failed the 50.0% retrace (1258.53). New low on daily 3LB (reversal is 1306.10). QE2infinity. "JBTFD" aka this has to be the low…right?



DXY
Bullish long day. Midpoint below EMA(10). Still below the 14.6% retrace (77.54). Below all SMA's. No daily 3LB changes (reversal is 77.28).



VIX
Bullish long day. Midpoint above EMA(10). Way above all SMA's. New high on daily 3LB (reversal is 20.80). Now above weekly and monthly 3LB mids. Almost closed in the "fear" zone.



GOLD
Bullish short day. Midpoint below EMA(10). No test of 0.0% retrace. Still below SMA(21). No daily 3LB changes (reversal is 1437.70). Still below upper trend line. Must have the precious.



AUDJPY
Bearish long day. Midpoint below EMA(10). Further below SMA(233). Also now below its 50.0% retrace (0.7808). New low on daily 3LB (reversal is 0.8212).



JNK
Bearish engulfing day. Midpoint below EMA(10). Failing SMA(144). Failed its 14.6% retrace (39.78). Still below lower trend line. New low on daily 3LB (reversal is 40.23).



IQI
Bullish long day (go figure). Midpoint below EMA(10). Still below all SMA's. Back above its 23.6% retrace (11.68). No daily 3LB changes (reversal is 12.30). Still below its weekly 3LB mid (11.76).



10YR YIELD
Bearish short day. No test of 0.0% retrace at 37.44. Failed SMA(89). Midpoint below EMA(10). Held the 38.2% retrace (32.05). New low on daily 3LB (reversal is 33.93).



SILVER
Doji day. Still above all SMA's. Midpoint below EMA(10). No test 0.0% retrace. Tested and held upper trend line. No daily 3LB changes (reversal is 36.05).



TLT
Bullish short day. Midpoint above EMA(10). Above SMA(89). Above lower trend line. New high on daily 3LB (reversal is 89.68).




USDJPY
Bearish long day. Midpoint below EMA(10). Below all SMA's. New low on daily 3LB (reversal is 81.70). Now also below weekly 3LB reversal level.

The market went into "Free Fall"...

Afternoon Delight - aka (Day After Ides of March - Pre St. Patty's Day)

Morning Corner 3.16.11

DXY (weekly info)
-no change (below mid)
trend=down
low= 76.40
rev= 78.04; mid= 77.22



It started out this week as a safe haven. That idea seems to have been kicked to the curb as it is now looking to make another weekly low.



3 Month vs Overnight Spread (daily info)







Since January 2011 the spread has been steadily increasing. But it's not the 3 month libor increasing causing the spread to increase. It's the overnight libor that's been decreasing. DECREASING. Do the eurozone banks really trust each other? Or is it the fact that the ECB is backstopping?

AmenRa's Corner

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

Creditcane™: Somehow I became discombobulated. I guess I'm more of a morning event.

SPX
Takuri day (failed to confirm hammer). Midpoint below EMA(10). Held SMA(89). Held the 38.2% retrace (1278.72). New low on daily 3LB (reversal is 1307.40). QE2infinity. "JBTFD" nuff said.



DXY
Gravestone doji day. Midpoint below EMA(10). further below the 14.6% retrace (77.54). Below all SMA's. New low on daily 3LB changes (reversal is 77.28).



VIX
Bearish long day (yet closed higher). Midpoint above EMA(10). Way above SMA(144). New high on daily 3LB (reversal is 16.72). Approaching monthly 3LB mid.



GOLD
Bearish long day. Midpoint below EMA(10). No test of 0.0% retrace. Now below SMA(21). New low on daily 3LB (reversal is 1437.70). Now below upper trend line. Must have the precious.



AUDJPY
Bearish long day. Midpoint below EMA(10). Now below SMA(233). Also now below its 61.8% retrace (0.7995). New low on daily 3LB (reversal is 0.8243).



JNK
High wave doji day. Midpoint below EMA(10). Failed SMA(144). Failed its 14.6% retrace (39.88). Still below lower trend line. New low on daily 3LB (reversal is 40.33).



SILVER
Bearish long day. Still above all SMA's. Midpoint above EMA(10). No test 0.0% retrace. Tested and held upper trend line. Daily 3LB reversal down (reversal is 36.05).



10YR YIELD
Bullish long day. No test of 0.0% retrace at 37.44. Held SMA(89). Midpoint below EMA(10). Still below the 23.6% retrace (34.11). New low on daily 3LB (reversal is 34.64).



DJ TRANS AVG
Takuri day. Still below SMA(89). Midpoint below EMA(10). No daily 3LB changes (reversal is 5285.52). Tested and held weekly 3LB reversal.




CRB
Bearish long day. Midpoint below EMA(10). Now below SMA(55). Failed the 38.2% retrace (338.92). New low on daily 3LB (reversal is 354.45).



BKX
Hammer day (again). Midpoint below EMA(10). Tested and held SMA(89). Daily 3LB reversal down (reversal is 53.31). Still failing weekly 3LB reversal price.



EEM
Bullish long day (still closed lower). Midpoint below EMA(10). Failed SMA(144). Held above its 38.2% retrace (45.06). No daily 3LB changes (reversal is 45.08).



30YR BOND (weekly)
Weekly candle turning into a long week. Now it's above its SMA(55) and 38.2% retrace (121.388). A higher weekly close will cause it to start trending up on the weekly 3LB.