AmenRa's Corner

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



Creditcane™: I was in the building but kept getting lost.



SPX
Spinning top day (evening star start?). Midpoint above EMA(10). Above all SMA's. Tested but failed the 14.6% retrace (1319.09). New high on daily 3LB (reversal is 1256.88). QE2infinity. "JBTFD. Don't question it. Just do it."



DXY
Bullish long day. Midpoint below EMA(10). Held the 0.0% retrace (75.63) from 11/4/10. Below all SMA's. No daily 3LB changes (reversal is 76.33).



VIX
Takuri day. Midpoint below EMA(10). Still below all SMA's. New low on daily 3LB (reversal is 20.21). Still below monthly 3LB & weekly 3LB mid. Still in the "no fear" zone.



GOLD
Spinning top day again. Midpoint above EMA(10). No test of 0.0% retrace. Still above all SMA's. No daily 3LB changes (reversal is 1392.80). Holding above upper trend line. Must have the precious.



EURUSD
Bearish long day. Midpoint above EMA(10). Still above 1.3870 (the 61.8% retrace). Above all SMA's. No daily 3LB changes (reversal is 1.3978). Is the run up finally over?



JNK
Bearish short day. Midpoint above EMA(10). Now above all SMA's. Closed below its 50.0% retrace (40.42). Still below lower trend line. No daily 3LB changes (reversal is 39.87).



IQI
Bearish short day. Midpoint above EMA(10). Still below SMA(89). Holding above its 23.6% retrace (11.68). No daily 3LB changes (reversal is 12.30). Still above its weekly 3LB mid (11.76).



10YR YIELD
Bullish long day. No test of 0.0% retrace at 37.44. Still above SMA(21). Midpoint above EMA(10). Held the upper trend line. New high on daily 3LB (reversal is 32.12).



WTI
Spinning top day again. Still above all SMA's. Midpoint above EMA(10). No test 0.0% retrace. Holding above the 14.6% retrace (103.64). No daily 3LB changes (reversal is 106.41).



SILVER
Spinning top day. Still above all SMA's. Midpoint above EMA(10). No test of 0.0% retrace. Holding upper trend line. No daily 3LB changes (reversal is 35.86).



BKX
Bullish short day. Midpoint below EMA(10). Tested and held SMA(89). Above its 38.2% retrace (51.48). No daily 3LB changes (reversal is 53.31).



Morning Corner 3.25.11

ES (weekly info)
WEEKLY REVERSAL new low 1274.25
trend=no
direction=down (1 bar)
low= 1274.25
rev= 1337.50; mid= 1305.88


Can what happened at the close carry over to the cash open? That shooting star has one bullish long candle of 8 handles in it (when looking at the 1-min chart). Right now the trading range in pretty flat. Should we JBTFD or think for ourselves?



3 month vs Overnight Libor

Update:Update: Spread continues to increase. Everyone knows the overnight rate should be rising. The 3 month should be rising along with it. Spread was 0.051 on 1/3/11 and is now 0.113 on 3/23/11. It continues to worsen. Something is very wrong over there.


AmenRa's Corner

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



Creditcane™: What me worry?



SPX
Bullish long day. Midpoint above EMA(10). Held SMA(55). Now above the 23.6% retrace (1303.70). Daily 3LB reversal up (reversal is 1256.88). QE2infinity. "JBTFD. Don't question it. Just do it."



DXY
Spinning top day. Midpoint below EMA(10). Back above the 0.0% retrace (75.63) from 11/4/10. Below all SMA's. No daily 3LB changes (reversal is 76.33).



VIX
Bearish short day. Midpoint below EMA(10). Now below all SMA's. New low on daily 3LB (reversal is 20.61). Still below monthly 3LB & weekly 3LB mid. Back in the "no fear" zone.



GOLD
Spinning top day. Midpoint above EMA(10). No test of 0.0% retrace. Still above all SMA's. No daily 3LB changes (reversal is 1392.80). Holding above upper trend line. Must have the precious.



AUDJPY
Bullish long day. Midpoint above EMA(10). Now above SMA(144). Easily holding its 61.8% retrace (0.7995). Daily 3LB reversal up (reversal is 0.7665).



JNK
Bearish short day. Midpoint above EMA(10). Now above all SMA's. Closed at its 50.0% retrace (40.42). Still below lower trend line. No daily 3LB changes (reversal is 39.87).



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



10YR YIELD
Bullish short day. No test of 0.0% retrace at 37.44. Back above SMA(21). Midpoint above EMA(10). Held the upper trend line. Daily 3LB reversal up (reversal is 32.12).



CRB
Bullish short day. Midpoint above EMA(10). Back above all SMA's. Held the 14.6% retrace (356.09). New high daily 3LB (reversal is 350.61).



WTI
Spinning top day. Still above all SMA's. Midpoint above EMA(10). No test 0.0% retrace. Holding above the 14.6% retrace (103.64). No daily 3LB changes (reversal is 106.41).



SILVER
Spinning top day. Still above all SMA's. Midpoint above EMA(10). Made a new 0.0% retrace. Holding upper trend line. No daily 3LB changes (reversal is 34.11).






Do you see this bs?!?

Morning Corner 3.24.11

EURUSD (weekly info)
new high 1.4137
trend=up
high= 1.4137
rev= 1.3660; mid= 1.3899



Are we witnessing a double top in EURUSD? Came very close to its 11/10 high. Thanks to Portugal the high may now be in. Currently the weekly candle is bearish thrusting but may turn into a dark cloud cover or bearish engulfing before the week is over.



IWM/SPY Liquidity (weekly info)
-no change (above mid)
trend=no
direction=down (1 bar)
low= 0.6010
rev= 0.6281; mid= 0.6154


For a market that seems ready to break down, liquidity is still increasing. Is it retail coming in at the end of the trend? Has The Bernank issued the all clear? Are we approaching the edge of the cliff?

AmenRa's Corner


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




Creditcane™: Olá. Como você está. Foi um prazer conhecê-lo hoje.



SPX
Bullish short day (failed to confirm bearish harami). Midpoint above EMA(10). Failing SMA(55). Still above the 38.2% retrace (1278.72). No daily 3LB changes (reversal is 1306.10). QE2infinity. "JBTFD. Don't question it. Just do it."



DXY
Bullish short day. Midpoint below EMA(10). Still below the 0.0% retrace (75.63) from 11/4/10. Below all SMA's. No daily 3LB changes (reversal is 76.33).



VIX
Bearish long day. Midpoint below EMA(10). Now below SMA(144). New low on daily 3LB (reversal is 29.32). Still below monthly 3LB & weekly 3LB mid. Back in the "no fear" zone.



GOLD
Bullish long day. Midpoint above EMA(10). No test of 0.0% retrace. Still above all SMA's. Daily 3LB reversal up (reversal is 1392.80). Holding above upper trend line. Must have the precious.



EURUSD
Bearish long day. Midpoint above EMA(10). Well above 1.3870 (the 61.8% retrace). Above all SMA's. No daily 3LB changes (reversal is 1.3978). Is the run up over?



JNK
Doji day (confirmed hanging man). Midpoint above EMA(10). Still above SMA(21). Back below its 50.0% retrace (40.42). Still below lower trend line. No daily 3LB changes (reversal is 39.87).



10YR YIELD
Bullish long day. No test of 0.0% retrace at 37.44. Still holding SMA(89). Midpoint below EMA(10). Held the upper trend line. No daily 3LB changes (reversal is 33.93).



WTI
Spinning top day. Still above all SMA's. Midpoint above EMA(10). No test 0.0% retrace. Holding above the 14.6% retrace (103.64). No daily 3LB changes (reversal is 106.41).



SILVER
Bullish long day. Still above all SMA's. Midpoint above EMA(10). Obliterated 0.0% retrace and made a new one. Holding upper trend line. New high on daily 3LB (reversal is 34.11).



TLT
Bearish long day. Midpoint above EMA(10). Still above SMA(89). Still above lower trend line. No daily 3LB changes (reversal is 89.68).




BKX
Hammer day. Midpoint below EMA(10). Tested and failed SMA(89). Tested and failed its 38.2% retrace (51.48). No daily 3LB changes (reversal is 53.31).








video

On the subject of "whether or not" CV has ANY aptitude on DOING ANYTHING WHATSOEVER... Of course... The "ABOVE" video was CV just "making it up as I went along" (I just woke up one day and could do those moves... No practice was necessary, NO DEDICATION, just "did" it)... No real research or STUDY there... I just happened to wake up one morning and think "these are the moves I want to do" today...

OR...

Probably more appropriate is with regards to my ONE TIME & FORMER friend... "Madonna"... We USED to kick it... Hell - I even choreographed a whole damned WORLD TOUR STAGE routine for her...

In the END... It got me... a succesive decade PLUS of fame in Italy (where I long to return... 'cept for certain promises & obligations, WHICH, as in my 'Bobby Jones' references above, it's not in my character to renig on)... But for "The Material Girl" herself... It wasn't important... It was just part of her rise to greater fame... As I suppose it is with all of you TRADERS here... 


So I have little more else to say... (except for the occasional DRIVE BY)... "GET INTO THE GROOVE" (with your trading)... As the case may be... CV

(No "offense" WHAMMER - Just a plug for Roy Hobbs... THE NATURAL... :-)



Morning Corner 3.23.11

CSCO (weekly info)
new low 17.12
trend=down
low= 17.12
rev= 18.64; mid= 17.88



Doesn't look like Cisco has fixed whatever problems they are having. It's back below the 23.6% retrace of GFC. Also is making a new monthly low. The weekly 3LB range is small so the chances of a reversal increases. Plus the weekly chart is forming a bullish harami. The monthly seems to be saying it's too early for a reversal.



3 month vs Overnight Libor

Update: Spread continues to increase. Everyone knows the overnight rate should be rising. The 3 month should be rising along with it. Spread was 0.051 on 1/3/11 and is now 0.107 on 3/22/11. That's not good.



PSI (weekly info)
-no change (above mid)
trend=up
high= 7765.00
rev= 6727.00; mid= 7246.00



Portugal seems to be holding up. That may change after the austerity vote.



You'll probably be hearing this playing at the ECB after Portugals austerity vote...

Disclosure/Warning

This blog should not be interpreted as investment advice of any kind. The authors are NOT representing themselves CTAs or CFAs or Investment/Trading Advisor of any kind. The authors may or may not trade in the markets discussed. The authors may hold positions opposite of what may by inferred by this blog.The information contained in this blog is taken from sources the authors believes to be reliable, but it is not guaranteed by the authors as to the accuracy or completeness thereof and is presented here for information purposes only. Commodity trading involves risk and is not for everyone.