AmenRa's Corner 4.12.12

I thought this was only an annual event?

Creditcane™: Bulls just pulled a driveby on the Bears. Didn't know they knew how to drive.


SPX
Bullish long day (confirmed bullish harami). Midpoint below EMA(10). Tested and held SMA(55). Tested and held 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 long day. Midpoint below EMA(10). Tested and failed the 61.8% minor retrace (79.60). Tested and failed SMA(21,55,89). No daily 3LB changes (reversal is 78.98). Still below weekly 3LB mid.



VIX
Bearish long day. Midpoint above EMA(10). Tested and failed SMA(55). Tested and failed its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 16.44).



GOLD
Bullish long day. Midpoint above EMA(10). Tested and held its 50.0% retrace (1661.00). Tested and held SMA(233). No daily 3LB changes (reversal is 1706.50). Still above monthly 3LB mid. Must have the precious.



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



JNK
Bullish long day. Midpoint above EMA(10). Tested and held SMA(89). Holding above its 61.8% retrace (38.86). Daily 3LB reversal up (reversal is 38.69).



10YR YIELD
Spinning top day (confirmed bullish harami). Tested and held SMA(89,144). Midpoint below EMA(10). Failing its 38.2% minor retrace (21.37). No daily 3LB changes (reversal is 21.87).



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



SILVER
Bullish long day. Tested and held SMA(21,89,144). Midpoint above EMA(10). Tested and held its 38.2% minor retrace (32.01). No daily 3LB changes (reversal is 33.26).



BKX
Bullish long day (confirmed bullish harami). 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 short day. Tested and failed SMA(144). Midpoint below EMA(10). Failing its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7825).



EEM
Bullish long day. Midpoint below EMA(10). Holding above SMA(89). Holding above its 50.0% retrace (41.81). No daily 3LB changes (reversal is 43.87).



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.

16 comments:

b22 said...

not really a big beer drinker but this is awesome:

http://www.kegworks.com/brew-cave-walk-in-beer-cooler-kegerator-1080-p175669?acid=linkshare&source=linkshare&siteID=siteID&=

AmenRa said...

b22

I'm jealous :)

AmenRa said...

GOOG beat earnings, JPM beat earnings, WFC beat earnings and futures are lower. HAHAHA bears are still hungry.

b22 said...

Ra,

that thing is pretty awesome isn't it

wonder if a lot of people jumped in to buy the dip yesterday.....ooops.

AmenRa said...

b22

BTD when SPX is trading below its weekly 3LB is not the wise move.

AmenRa said...

Running behind. May put up the Corner later.

Anonymous said...

Hey guys. I'm in Las Vegas this weekend supporting the Nevada economy. Have not been sober in the last 36 hours. Not sure if I'm coming back.

AT

b22 said...

No doubt Ra, 3lb is a very good trend system....no doubt

AT,

don't die.....lol

you guys ever been to the obama/biden website?

You have to give your email and zip code just to get into the site

just sayin......

AmenRa said...

Weekly 3LB Update 4/13/12

Anonymous said...

Quotage..

"The strength of the constitution lies entirely in the determination of each
citizen to defend it. Only if every single citizen feels duty bound to do his
share in this defense are constitutional rights secure."
-- Albert Einstein
(1879-1955) Physicist and Professor, Nobel Prize 1921
http://quotes.liberty-tree.ca/quote_blog/Albert.Einstein.Quote.F4A3


"The freemen of America will remember, that it is very easy to change a free government into an arbitrary, despotic, or military one: but it is very difficult, almost impossible to reverse the matter -- very difficult to regain freedom once lost."
-- Freeman’s Journal
Source: Freeman’s Journal (Philadelphia), March 5, 1788
http://quotes.liberty-tree.ca/quote_blog/Freeman’s.Journal.Quote.06E1

AAIP

Andy T said...

Yo GUYS.

I got caught on a 72 Hour bender in Vegas. I'm long over due to take a technical look at these markets.

This week I get back on a "normal schedule."

Andy T said...

Hey...

Happy Emancipation Day.

AmenRa said...

It seems like today is about clearing out all stops (up or down) before the next move can begin.

AmenRa said...

Bloomberg:
Euro Advances Versus Dollar as Investor Risk Appetite Improves

Zerohedge:
EUR Surging As FX Repatriation Rears Its Ugly Head Again

Two opposite views of the same story.

AmenRa said...

The disconnect between the SPX and Dow is unusual. Is the weakness in AAPL contributing?

AmenRa said...

new thread

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