AmenRa's Corner 4.11.12

Now these are NOT tears of joy.

Creditcane™: No1 No! No! No! Do not let the enemy get a foothold.


SPX
Bullish harami day. Midpoint below EMA(10). Tested and held SMA(55). Tested and failed the 38.2% minor retrace (1372.42). Failing the lower trend line (10/4-11/28). No daily 3LB changes(reversal is 1419.04). QE2infinity.



DXY
Bearish short day. Midpoint above EMA(10). Tested and failed the 50.0% minor retrace (79.96). Tested and held SMA(21,89). No daily 3LB changes (reversal is 78.98). Still below weekly 3LB mid.



VIX
Bullish short day. Midpoint above EMA(10). Tested and held SMA(89). Tested and failed its 50.0% minor retrace (20.22). No daily 3LB changes (reversal is 16.44).



GOLD
Doji day. Midpoint above EMA(10). Tested and failed its 50.0% retrace (1661.00). Tested and held SMA(21). No daily 3LB changes (reversal is 1706.50). Still above monthly 3LB mid. Must have the precious.



EURUSD
Spinning top day. Midpoint below EMA(10). Tested and failed SMA(89). Tested and failed its 50.0% minor retrace (1.3142). No daily 3LB changes (reversal is 1.3465).



JNK
Spinning top day. Midpoint below EMA(10). Tested and held SMA(233). Tested and held its 61.8% retrace (38.86). No daily 3LB changes (reversal is 39.16).



10YR YIELD
Bullish harami star day. Tested and held SMA(13,89). Midpoint below EMA(10). Failing its 38.2% minor retrace (21.37). No daily 3LB changes (reversal is 21.87).



WTI
Bullish engulfing day. Tested and failed SMA(89). Midpoint below EMA(10). Tested and failed its 61.8% retrace (102.98). No dally 3LB changes (reversal is 105.24). Not confirming the monthly 3LB reversal down.



SILVER
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Failing its 38.2% minor retrace (32.01). No daily 3LB changes (reversal is 33.26).



BKX
Bullish harami day. Midpoint below EMA(10). Still failing SMA(21). Still failing its 38.2% minor retrace (49.10). No daily 3LB changes (reversal is 49.00).



HYG/LQD
Bullish long day (completed morning star?). Tested and failed SMA(144). Midpoint below EMA(10). Failing its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7825).



COPPER
Bearish short day. Midpoint below EMA(10). Failing SMA(89). Tested and failed its 38.2% retrace (3.653). New low on daily 3LB (reversal is 3.918).



AAPL
Bearish short day. Still above all SMA's. Midpoint above EMA(10). Failing its 0.0% retrace (639.84). No daily 3LB changes (reversal is 618.63).




IT HAS BEGUN. YOU HAVE BEEN WARNED.

12 comments:

Andy T said...

Funny looking at that WTI chart....

It's been a little down trend...but that's the choppiest/grinding-est looking sideways/down deal I've seen in a long while.

It looks like it has one more face ripper up to go....

Natty...sub 2.00 today...wow.

Was looking at the UNG chart...That thing has lost 98% of its value since the 2008 highs...

Amazing. Commodity ETFs... "thanks for playing."

Andy T said...

http://reason.com/archives/2012/04/11/bad-apples

I love these types of articles.

It makes me want to keep paying my "fair share."

I want to make up a T-Shirt Design that says:

"Yeah ... I'm already paying my fair share."

AmenRa said...

Andy T

quote:
"Amazing. Commodity ETFs... "thanks for playing."


LMAO and just spit out my coffee.

Andy T said...

Here's the least bold market call of all time...

"T.Boone says NatGas prices are close to a bottom."

http://www.cnbc.com/id/47019830

No shit? You don't say?

They're close to flaring the garbage around the country and it's TWO bucks....The market's pretty well bid at $0.00.

Andy T said...

Here's a Tosh.0 clip we were laughing at yday....the white kid ends up being ok ... the Tosh commentary... priceless.

http://tosh.comedycentral.com/video-clips/video-breakdown---youth-jujitsu

Anonymous said...

Ezekiel 47:12

12 Along the bank of the river, on this side and that, will grow all kinds of trees used for food; gtheir leaves will not wither, and their fruit will not fail. They will bear fruit every month, because their water flows from the sanctuary. Their fruit will be for food, and their leaves for medicine.” 4

http://biblia.com/books/nkjv/Eze47.12

ibid.

AmenRa said...

Andy T

Ouch!

AmenRa said...

Weekly Claims WTE by 13k (would have been 27k but last week revised to 367k from 357k). That's two weeks in a row that revisions have been 10k. Does that mean next week we should see a minimum of 390k as the revision?

AmenRa said...

Andy T

In real life one would try to take someone's head off with their knee before getting wrapped up.

BinT said...

I notice the blog is now about investing again..I will have to drop back by..

AmenRa said...

The pain! The pain!

AmenRa said...

new thread.

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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.