AmenRa's Corner 4.19.12



Creditcane™: I'm getting stronger I may turn into a Cat 6 or greater.


SPX
Spinning top day. Midpoint below EMA(10). Tested and held SMA(55). Holding above 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
Spinning top day. Midpoint below EMA(10). Tested and failed the 61.8% minor retrace (79.60). Tested and held SMA(21). No daily 3LB changes (reversal is 78.98). Still below weekly 3LB mid.



VIX
Spinning top day. Midpoint above EMA(10). Tested and failed SMA(89). Tested and failed its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 16.44).



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



EURUSD
Spinning top 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
Bearish short day. Midpoint above EMA(10). Tested and failed SMA(21). Holding above its 61.8% retrace (38.86). No daily 3LB changes (reversal is 38.69).



10YR YIELD
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Failing its 38.2% minor retrace (21.37). New low on daily 3LB (reversal is 20.37).



WTI
Spinning top 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 105.68). Not confirming the monthly 3LB reversal down.



SILVER
Spinning top 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
Spinning top 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 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).



COPPER
Doji day. Midpoint below EMA(10). Tested and held SMA(144). Tested and failed its 38.2% retrace (3.653). No daily 3LB changes (reversal is 3.717).



AAPL
Bearish short day. Still failing SMA(21). Midpoint below EMA(10). Tested and failed its 38.2% minor retrace (592.47). No daily 3LB changes (reversal is 636.23).




IT HAS BEGUN. YOU HAVE BEEN WARNED.


7 comments:

Anonymous said...

LOVE India Arie.. thanks for the reminder! miss you fellows, k

AmenRa said...

No bad economic data to scare the bulls today. Plus SPY option pain is 139 and I think the pain is coming.

AmenRa said...

Bears coming back for another meal.

Andy T said...

Looking forward to a weekend of charts and thoughts on these markets....

yeah...i'm a dork for charts.

Andy T said...

I think i mentioned a few weeks the 'fun' of having to go through cheerleading tryouts...25 girls trying out for 12 spots.

My 7th grader was basically the 13th girl on 12 girl squad. It was a tie between 3 girls for the final 2 spots and she got 'edged'. It was rough because she had worked really hard in the last year.

Yday we were told one of the girls was being "removed" from the team and that my daughter is now ON the team for next year.

So, Yesterday was a good day in this little household.

I used to think things like that was bullshit, but I can't tell you how "big" of a deal this stuff is when you've got kids, etc...

And now the 'fun' begins..

Andy T said...

I'm glad to find these videos again...

"Super Amazing Innovations" with Randolph Mantooth.

They were taken off the YouTube for a long time due to copyright stuff.

Funny stuff here...

"Real People, Fake Products."

They're basically 'punking' ordinary people...paying them to endorse a product on an informercial....

Enjoy

The Kid Corrector
http://www.youtube.com/watch?v=bRkYTfktuqQ

Racial Profiling
http://www.youtube.com/watch?v=8XV-rigFHBc

Anal Bleaching
http://www.youtube.com/watch?v=CmS0X8FlFvk

There were a total of 6 that made it to the 'tubes. These are the only 3 available right now.

AmenRa said...

Weekly 3LB Update 4/20/12

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