AmenRa's Corner

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

Creditcane™: I'm being held for ransom by the bulls.

SPX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Above the 14.6% retrace (1319.09). New high on daily 3LB (reversal is 1305.14). QE2infinity. "JBTFD. Don't question it. Just do it. Trust me."



DXY
Bearish short day (tail too short for hammer). Midpoint below EMA(10). Made a new 0.% retrace (73.74). Below all SMA's. New low on daily 3LB (reversal is 75.50).



VIX
Bearish harami day (but we're in a downtrend not an uptrend…hmmm). Midpoint below EMA(10). Still below all SMA's. New low on daily 3LB (reversal is 16.27). Deep in the "no fear" zone.



GOLD
Spinning top day. Midpoint above EMA(10). Made a new 0.0% retrace. Still above all SMA's. New high on daily 3LB (reversal is 1492.90). Holding above upper trend line. Must have the precious.



EURUSD
Spinning top day. Midpoint above EMA(10). Still above 1.4374 (the 76.4% retrace). Still above all SMA's. New high on daily 3LB (reversal is 1.4215).



JNK
Bullish short day (tail too short for hanging man). Midpoint above EMA(10). Back above all SMA's. Back above its 85.4% retrace (40.60). Still below lower trend line. New high on daily 3LB (reversal is 40.46).



10YR YIELD
Bullish short day (no confirmation closed unchanged). No test of 0.0% retrace at 37.44. Still below all SMA's. Midpoint below EMA(10). Tested and held 38.2% retrace (33.71). Held the upper trend line. No daily 3LB changes (reversal is 34.66).



DJ TRANS AVG
Bullish short day. Back above SMA(21). Midpoint above EMA(10). No daily 3LB changes (reversal is 5370.47).




CRB
Hanging man day. Midpoint above EMA(10). Still above SMA(21). Still above the 14.6% retrace (357.80). No daily 3LB changes (reversal is 368.70).



WTI
Bullish short day. Still above all SMA's. Midpoint above EMA(10). No test of 0.0% retrace. No dally 3LB changes (reversal is 113.38). Still above weekly 3LB mid (108.61).



SILVER
Bullish long day. Still above all SMA's. Midpoint above EMA(10). Made a new 0.0% retrace. Holding upper trend line. New high on daily 3LB (reversal is 42.95). Registered or eligible is the question.

Morning Corner 4.21.11

DXY (weekly info)
new low 74.83
trend=down
low= 74.83
rev= 76.40; mid= 75.62


2009 low of 74.17 has been breached. Next target are the two lows in 2008 of 71.31 and 70.70. It's nothing but air down to those levels. As in free fall.



Gold/Silver Ratio (weekly info)
new low 34.744
trend=down
low= 34.744
rev= 38.361; mid= 36.531


This move down was the week ending 8/27/10. Guess what else happened that week? Gold's move to 1500 is nothing compared to silver's move to 45. This ratio is rapidly approaching its old ratio of 16:1. Using todays numbers where gold is 1500 then silver would be 93.75. Or with silver at 45 then gold would be 720. Don't see either of those happening anytime soon. So gold at 1600 and silver at 100 may be in the works.

AmenRa's Corner

O' market. O' market. Why has thou forsaken me?

Creditcane™: I was kidnapped by the bulls.

SPX
Bullish long day (confirmed bullish harami). Midpoint above EMA(10). Back above all SMA's. Tested and held the 14.6% retrace (1319.09). Daily 3LB reversal up (reversal is 1305.14). QE2infinity. "JBTFD. Don't question it. Just do it. Trust me."



DXY
Bearish long day (confirmed bearish harami). Midpoint below EMA(10). Made a new 0.0% retrace (74.27). Below all SMA's. Daily 3LB reversal down (reversal is 75.50).



VIX
Bullish long day (after huge gap lower & still closed lower). Midpoint below EMA(10). Still below all SMA's. New low on daily 3LB (reversal is 16.59). Deep in the "no fear" zone.



GOLD
Spinning top day. Midpoint above EMA(10). Made a new 0.0% retrace. Still above all SMA's. New high on daily 3LB (reversal is 1486.00). Holding above upper trend line. Must have the precious.



EURUSD
Bullish long day (confirmed bullish piercing). Midpoint above EMA(10). Back above 1.4374 (the 76.4% retrace). Back above all SMA's. Daily 3LB reversal up (reversal is 1.4215).



JNK
Spinning top day. Midpoint above EMA(10). Back above all SMA's. Back above its 76.4% retrace (40.50). Tested and failed its 85.4% retrace (40.60). Still below lower trend line. New high on daily 3LB (reversal is 40.21).



10YR YIELD
Dragonfly doji day (refused to go higher). No test of 0.0% retrace at 37.44. Still below all SMA's. Midpoint below EMA(10). Tested and held 38.2% retrace (33.71). Held the upper trend line. No daily 3LB changes (reversal is 34.66).



WTI
Bullish long day (confirmed bullish harami star). Still above all SMA's. Midpoint above EMA(10). No test of 0.0% retrace. No dally 3LB changes (reversal is 112.79). Back above weekly 3LB mid (108.61).



SILVER
Bullish long day. Still above all SMA's. Midpoint above EMA(10). Made a new 0.0% retrace. Holding upper trend line. New high on daily 3LB (reversal is 42.58). Almost time to start hiding the silverware.



TLT
Bearish short day. Midpoint above EMA(10). Still above SMA(21). Tested and failed the 23.6% retrace (93.14). No daily 3LB changes (reversal is 89.68).



BKX
Spinning top day. Midpoint below EMA(10). Tested and failed SMA(144). Tested and held its 50.0% retrace (50.11). New low on daily 3LB (reversal is 51.66).



COPPER
Bullish long day. Midpoint below EMA(10). Back above SMA(21). No tests of 0.0% retrace (4.649). Back above 23.6% retrace (4.302). No daily 3LB changes (reversal is 4.187).

Morning Corner 4.20.11

SKEW (daily info)
-no change (above mid)
trend=no
direction=up (1 bar)
high= 130.45
rev= 118.54; mid= 124.50


Still trying to find a way to better understand Skew. I'm waiting for my data provider to get the historical for Skew so I can do a better analysis. The bottom chart is the spread between Skew and Vix. The rising wedge has been broken to the upside. Above 100 indicates more OTM action than ITM or ATM action in SPX options. Skew is for tail risk. The apex of the wedge is around 4/25/11-4/26/11.



New High New Lows (daily info info)

Somehow the NYSE and NASDAQ managed to close higher yet there were more new lows for each index. Divergence, conundrum, quirk, magic trick or mystery meat are the terms that come to mind when seeing this. Yes I know it's a little colorful.



ANF (weekly info)
new high 69.82
trend=up
high= 69.82
rev= 59.02; mid= 64.42



Last week made a new high on less than 50% of the volume of the previous week. It also looks like it is trying to form an evening star pattern. A lower weekly close would form the pattern but a close at or below 63.58 (midpoint of long candle) would be an even better formation. But this week may be just some profit taking before starting the next move higher.


Hello Everyone.

Last night, AmenRa and I decided to make a few changes to this site because, quite frankly, this Blog has changed in the last few weeks.

CV, who founded Traders Anonymous, will no longer be an administrator. AmenRa (the lead contributer) and I have taken over all administrative duties and responsibilities. We've invited CV to be an author if he would like to be involved in some authorship role.

The intent is for this Blog to get back to its "roots," which is trading and technical analysis. The Comments section will remain open and uncensored, though we will reserve the right to moderate where necessary.

As a "personal aside," I know that several of our good friends have left this site in the last few weeks for various reasons. The primary 'strength' of this blog, and almost any blog for the matter, is the contribution of the commenters/readers/friends. We value those friends and their ideas.

My hope is that folks decide to add their voices back to the discussion again, if only on occasion. This particular blog will never "go away" or be shut down. If there's no demand for the analysis and/or people don't feel like commenting in the future, then we'll probably just stop posting threads "some day." Either way, this blog will remain public and open to all.

Best Wishes to Everyone,

Andy T.

Do you know what today is?

Not a recommendation per se ;-)

Traders Anonymous 2.0

Hello Everyone.

Last night, AmenRa and I decided to make a few changes to this site because, quite frankly, this Blog has changed in the last few weeks.

CV, who founded Traders Anonymous, will no longer be an administrator. AmenRa (the lead contributer) and I have taken over all administrative duties and responsibilities. We've invited CV to be an author if he would like to be involved in some authorship role.

The intent is for this Blog to get back to its "roots," which is trading and technical analysis. The Comments section will remain open and uncensored, though we will reserve the right to moderate where necessary.

As a "personal aside," I know that several of our good friends have left this site in the last few weeks for various reasons. The primary 'strength' of this blog, and almost any blog for the matter, is the contribution of the commenters/readers/friends.  We value those friends and their ideas.

My hope is that folks decide to add their voices back to the discussion again, if only on occasion. This particular blog will never "go away" or be shut down. If there's no demand for the analysis and/or people don't feel like commenting in the future, then we'll probably just stop posting threads "some day." Either way, this blog will remain public and open to all.

Best Wishes to Everyone,

Andy T.

AmenRa's Corner

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

Creditcane™: I haven't used up all of my vacation days yet.

SPX
Bullish short day (trying to form a bullish harami?). Midpoint below EMA(10). Still below SMA(21) & SMA(55). Tested and held the 23.6% retrace (1303.70). No daily 3LB changes (reversal is 1328.17). QE2infinity. "JBTFD. Don't question it. Just do it. Trust me."



DXY
Bearish harami day. Midpoint above EMA(10). Tested and failed 14.6% retrace (75.59). Below all SMA's. No daily 3LB changes (reversal is 74.68).



VIX
Bearish long day (filled gap). Midpoint below EMA(10). Still below all SMA's. No daily 3LB changes (reversal is 17.25). Still in the "no fear" zone.



GOLD
Doji day. Midpoint above EMA(10). Made a new 0.0% retrace. Still above all SMA's. New high on daily 3LB (reversal is 1474.10). Holding above upper trend line. Must have the precious.



EURUSD
Bullish piercing day. Midpoint below EMA(10). Still below 1.4374 (the 76.4% retrace). Back above SMA(21). No daily 3LB changes (reversal is 1.4471).



JNK
Bullish short day. Midpoint above EMA(10). Back above SMA(21) & SMA(55). Back above its 61.8% retrace (40.32). Still below lower trend line. No daily 3LB changes (reversal is 40.21).



10YR YIELD
Bearish long day (gravestone doji destroyed by tomb raiders). No test of 0.0% retrace at 37.44. Back below all SMA's. Midpoint below EMA(10). Tested and failed 38.2% retrace (33.71). Held the upper trend line. New low on daily 3LB (reversal is 34.66).



DJ TRANS AVG
Bullish harami day. Still below SMA(21). Midpoint below EMA(10). No daily 3LB changes (reversal is 5370.47).




CRB
Spinning top day. Midpoint below EMA(10). Back above SMA(21). Still above the 14.6% retrace (357.80). No daily 3LB changes (reversal is 368.70).



WTI
Doji day (possible bullish harami star). Still above all SMA's. Midpoint below EMA(10). No test of 0.0% retrace. No dally 3LB changes (reversal is 112.79). Still below weekly 3LB mid (108.61).



SILVER
Bullish short day. Still above all SMA's. Midpoint above EMA(10). Made a new 0.0% retrace. Holding upper trend line. New high on daily 3LB (reversal is 41.66).