AmenRa's Corner

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

"Did you think I would give you a break because it's a holiday weekend? Not on my watch."

Creditcane™: Someone fire up the grill. I'm tired of these games.

SPX
Bullish long day. Midpoint above EMA(10). Above all SMA's. Failing trend line (3/6/09-7/1/10). Tested and held the 38.2% retrace (1324.16). New high on daily 3LB (reversal is 1296.67). QE2infinity. Bah humbug.



DXY
Spinning top day (morning star not formed). Midpoint below EMA(10). No test of 0.0% retrace (72.70). Below all SMA's. Failing its 23.6% retrace (74.73). Tested and failed its weekly 3LB mid. No daily 3LB changes (reversal is 73.78).



VIX
Spinning top day (another morning star failure). Midpoint below EMA(10). Below all SMA's. Failing its 14.6% retrace (16.75). New low on daily 3LB (reversal is 21.32). Extradited back to the "no fear" zone.



GOLD
Bearish long day (confirmed a downtrend bearish engulfing - guess that means continuation). Midpoint below EMA(10). No test of 0.0% retrace (1578.30). Tested and held SMA(89). Failing its 23.6% retrace (1515.29). No daily 3LB changes (reversal is 1557.30). Holding above upper trend line. Must have the precious.



EURCHF
Bullish long day. Midpoint above EMA(10). No test of 0.0% retrace (1.1781). Tested and held its 23.6% retrace (1.2143). New high on daily 3LB (reversal is 1.1925).



JNK
Bullish long day. Midpoint above EMA(10). Back above SMA(233). No test of 0.0% retrace (38.59). Tested and held its 61.8% retrace (40.04). Held trend line (2/5/10-2/12/10). New high on daily 3LB (reversal is 39.41).



10YR YIELD
Bullish long day. Holding SMA(55). Midpoint above EMA(10). No test of 0.0% retrace (28.47). Tested and held the 38.2% retrace (31.42). Back above the upper trend line. New high on daily 3LB (reversal is 29.09). Had a weekly 3LB reversal up.



WTI
Bearish short day. Failing all SMA's. Midpoint above EMA(10). No test of 0.0% retrace (114.83). Failing its 76.4% retrace (95.46). No dally 3LB changes (reversal is 90.61).



SILVER
Bearish long day. Tested and failed SMA(144). Midpoint below EMA(10). Still below the upper trend line. Failing its 61.8% retrace (35.28). No daily 3LB changes (reversal is 37.88).



BKX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(55). Tested and held its 61.8% retrace (48.75). New high on daily 3LB (reversal is 46.64).



HYG/LQD
Hanging man day. No test of 0.0% retrace (0.7899). Tested and failed SMA(89). Midpoint above EMA(10). Tested and held its 61.8% retrace (0.8296). New high on daily 3LB (reversal is 0.8146).



EEM
Bullish short day. Midpoint above EMA(10). Above all SMA's. Tested and held its 38.2% retrace (48.07). New high on daily 3LB (reversal is 46.66).

IT HAS BEGUN. THAT WHAT WAS IS NO MORE. RUN.

Morning Corner 7.1.11

30 Yr Bond (weekly info)
new high 126.469
trend=up
high= 126.469
rev= 124.875; mid= 125.672


Looks like the selling of the long bond has begun in earnest now that QE2 is over. Sold hard enough to send it below its SMA(21) & SMA(55). It tested and failed the 23.6% retrace. It also has made a weekly 3LB reversal down.



CCI (weekly info)
new low 625.78
trend=down
low= 625.78
rev= 685.42; mid= 655.60


Commodities are heading for the exit. Barely avoided making a monthly 3LB reversal down. Trying to get back above its 23.6% retrace. Tested its SMA(21) a couple of weeks ago and failed.

WORLD WIDE PREMIERE JULY 1, 2011
It's a brave new world.

AmenRa's Corner

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

"How many times do I have to tell you that this is MY HOUSE!"

Creditcane™: Tick tock. Tick tock. June 30th has arrived. Let the games begin.

SPX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(55) & SMA(89). Failing trend line (3/6/09-7/1/10). Held the 61.8% retrace (1295.47). New high on daily 3LB (reversal is 1295.52). QE2infinity.



DXY
Spinning top day (morning star forming?). Midpoint below EMA(10). No test of 0.0% retrace (72.70). Below all SMA's. Failing its 23.6% retrace (74.73). Tested and held its weekly 3LB mid. No daily 3LB changes (reversal is 73.78).



VIX
Bearish short day (morning star forming?). Midpoint below EMA(10). Below all SMA's. Tested and failed its 14.6% retrace (16.75). New low on daily 3LB (reversal is 22.73). Extradited back to the "no fear" zone.



GOLD
Bearish long day (wrong place for bearish engulfing?). Midpoint below EMA(10). No test of 0.0% retrace (1578.30). Failing SMA(55). Failing its 23.6% retrace (1515.29). No daily 3LB changes (reversal is 1557.30). Holding above upper trend line. Must have the precious.



EURCHF
Bullish long day. Midpoint above EMA(10). No test of 0.0% retrace (1.1781). Daily 3LB reversal up (reversal is 1.1844).




JNK
Bullish long day. Midpoint above EMA(10). Back above SMA(233). No test of 0.0% retrace (38.59). Tested and held its 61.8% retrace (40.04). Held trend line (2/5/10-2/12/10). New high on daily 3LB (reversal is 38.78).



10YR YIELD
Bullish long day. Tested and held SMA(55). Midpoint above EMA(10). No test of 0.0% retrace (28.47). Back above the upper trend line. New high on daily 3LB (reversal is 28.71). Above weekly 3LB reversal price.



WTI
Spinning top day. Failing all SMA's. Midpoint above EMA(10). No test of 0.0% retrace (114.83). Held its 85.4% retrace (93.07) but failed the test of the 76.4% retrace (95.46). No dally 3LB changes (reversal is 95.22).



SILVER
Spinning top day. Tested and held SMA(144). Midpoint below EMA(10). Still below the upper trend line. Failing its 61.8% retrace (35.28). No daily 3LB changes (reversal is 37.88). "You want delivery! You can't handle the delivery!"



BKX
Spinning top day (evening star forming or just resting?). Midpoint above EMA(10). Holding above SMA(21). Holding its 76.4% retrace (47.07). New high on daily 3LB (reversal is 46.32).



HYG/LQD
Bullish long day. No test of 0.0% retrace (0.7899). Tested and held SMA(55). Midpoint above EMA(10). Tested and held its 61.8% retrace (0.8296). New high on daily 3LB (reversal is 0.8111).



RBOB Gasoline
Bullish short day. Midpoint above EMA(10). Held SMA(89). No test of 0.0% retrace (2.67). Tested and held its 38.2% retrace (2.92). New high on daily 3LB (reversal is 2.71).

WORLD WIDE PREMIERE JULY 1, 2011

Morning Corner 6.30.11 - Open Thread

For Sale - CHEAP!!!

Seller is willing to negotiate.

WORLD WIDE PREMIERE JULY 1, 2011

AmenRa's Corner

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

Creditcane™: Tick tock. Tick tock. June 30th approaches. I shall not be moved.

SPX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(144). Failing trend line (3/6/09-7/1/10). Held the 61.8% retrace (1295.47). New high on daily 3LB (reversal is 1279.56). QE2infinity.



DXY
Bearish long day. Midpoint below EMA(10). No test of 0.0% retrace (72.70). Tested and failed SMA(233). Failed its 23.6% retrace (74.73). Held its weekly 3LB mid. No daily 3LB changes (reversal is 73.78).



VIX
Bearish long day. Midpoint below EMA(10). Below all SMA's. Failing its 23.6% retrace (18.28). Daily 3LB reversal down (reversal is 22.73). Extradited back to the "no fear" zone.



GOLD
Bullish short day. Midpoint below EMA(10). No test of 0.0% retrace (1578.30). Failing SMA(55). Failing its 23.6% retrace (1515.29). No daily 3LB changes (reversal is 1557.30). Holding above upper trend line. Must have the precious.



EURCHF
Bullish long day. Midpoint below EMA(10). No test of 0.0% retrace (1.1781). No daily 3LB changes (reversal is 1.1887).




JNK
Bullish long day. Midpoint above EMA(10). Back above SMA(21). No test of 0.0% retrace (38.59). Tested and held its 50.0% retrace (39.76). Failing trend line (2/5/10-2/12/10). Daily 3LB reversal up (reversal is 38.78).



10YR YIELD
Spinning top day. Holding SMA(21). Midpoint above EMA(10). No test of 0.0% retrace (28.47). Back above the upper trend line. Daily 3LB reversal up (reversal is 28.71). Above weekly 3LB reversal price.



WTI
Spinning top day. Failing all SMA's. Midpoint above EMA(10). No test of 0.0% retrace (114.83). Held its 85.4% retrace (93.07) but failed the test of the 76.4% retrace (95.46). No dally 3LB changes (reversal is 95.22).



SILVER
Bullish long day. Tested and held SMA(144). Midpoint below EMA(10). Still below the upper trend line. Failing its 61.8% retrace (35.28). No daily 3LB changes (reversal is 37.86). "You want delivery! You can't handle the delivery!"



BKX
Bullish long day. Midpoint above EMA(10). Back above SMA(21). Holding its 76.4% retrace (47.07). Daily 3LB reversal up (reversal is 46.32).



HYG/LQD
Bullish long day. No test of 0.0% retrace (0.7899). Tested and held SMA(233). Midpoint above EMA(10). Tested and held its 50.0% retrace (0.8220). New high on daily 3LB (reversal is 0.8055).

WORLD WIDE PREMIERE JULY 1, 2011