AmenRa's Corner 4.26.12

"Fundamentals?!? C'mon man. That's used in ancient trading techniques."

Creditcane™: Even WTE weekly claims wasn't enough. I need to break out the big guns.

SPX
Bullish short day. Midpoint above EMA(10). Tested and held SMA(21). 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). Failing the 61.8% minor retrace (79.60). Tested and failed SMA(144). Daily 3LB reversal down (reversal is 80.08). Still below weekly 3LB mid.

VIX
Bearish long day. Midpoint below EMA(10). Failing all SMA's. Failing its 61.8% minor retrace (18.81). Daily 3LB reversal down (reversal is 20.39).

GOLD
Bullish long 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). Back above monthly 3LB mid. Must have the precious.

EURUSD
Spinning top day. Midpoint above EMA(10). Tested and held SMA(55). Tested and held its 61.8% minor retrace (1.3227). No daily 3LB changes (reversal is 1.3465).

JNK
Bullish short day. Midpoint above EMA(10). Now above all SMA's. Tested and held its 38.2% minor retrace (39.62). New high on daily 3LB (reversal is 39.33).

10YR YIELD
Spinning top day. Still failing all SMA's. Midpoint below EMA(10). Failing its 38.2% minor retrace (21.37). No daily 3LB changes (reversal is 19.88).

WTI
Bullish short day. Tested and held SMA(21). Midpoint above EMA(10). Holding above its 61.8% retrace (103.42). No dally 3LB changes (reversal is 105.68). Not confirming the monthly 3LB reversal down.

SILVER
Bullish long day. Still failing all SMA's. Midpoint below EMA(10). Tested and held its 50.0% minor retrace (30.97). No daily 3LB changes (reversal is 33.17).

BKX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21). Still failing its 38.2% minor retrace (49.10). No daily 3LB changes (reversal is 49.00).

HYG/LQD
Spinning top day. Still above all SMA's. Midpoint above EMA(10). Holding above its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7676).

COPPER
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21,89). Holding above its 38.2% retrace (3.653). New high on daily 3LB (reversal is 3.634).

AAPL
Bearish short day. Tested and failed SMA(21). Midpoint above EMA(10). Holding above its 38.2% minor retrace (592.47). No daily 3LB changes (reversal is 560.28).

XHB
Bullish long day. Midpoint above EMA(10). Now above all SMA's. Holding above its 38.2% minor retrace (20.51). No daily 3LB changes (reversal is 21.83).

IT HAS BEGUN. YOU HAVE BEEN WARNED.