AmenRa's Corner 5.23.12

Blankfein and Dimon last weekend at the hunting lodge.


Creditcane™: There's a contract out on me. Bulls will do anything to live.


SPX
Hammer day. Midpoint below EMA(10). Tested and failed SMA(144). Tested and held the 38.2% retrace (1296.82) for the 3rd time. No daily 3LB changes (reversal is 1330.66). QE2infinity.
DXY
Bullish long day. Midpoint above EMA(10). Holding above the 0.0% retrace (81.50). Still above all SMA's. New high on daily 3LB (reversal is 81.37). Now above weekly 3LB rev.
VIX
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (21.62). No daily 3LB changes (reversal is 21.97).
GOLD
Bearish short day. Midpoint below EMA(10). Failing its 61.8% retrace (1598.10). Failing all SMA's. No daily 3LB changes (reversal is 1536.60). Still below its monthly 3LB mid. Must have the precious.
EURUSD
Bearish long day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 0.0% retrace (1.2782). New low on daily 3LB (reversal is 1.2736).
JNK
Spinning top day. Midpoint below EMA(10). Still failing all SMA's. Holding above its 50.0% retrace (38.24). No daily 3LB changes (reversal is 39.23).
10YR YIELD
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Now failing its 0.0% retrace (17.76). No daily 3LB changes (reversal is 17.02).
WTI
Bearish long day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% retrace (95.03). New low on dally 3LB (reversal is 93.19). Still below the monthly 3LB mid.
SILVER
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Failing its 61.8% minor retrace (30.00). No daily 3LB changes (reversal is 28.89).
BKX
Bullish short day. Midpoint below EMA(10). Tested and held SMA(144). Tested and held its 50.0% retrace (43.76). No daily 3LB changes (reversal is 44.83).
HYG/LQD
Bearish short day. Still failing all SMA's. Midpoint above EMA(10). Tested and failed its 61.8% minor retrace (0.7643). No daily 3LB changes (reversal is 0.7841).
COPPER
Bearish long day. Midpoint below EMA(10). Failing all SMA's. Tested and failed its 61.8% minor retrace (3.423). New low on daily 3LB (reversal is 3.517).
AAPL
Bullish long day. Tested and held SMA(21). Midpoint above EMA(10). Tested and held its 61.8% minor retrace (563.20). New high on daily 3LB (reversal is 530.12).




IT HAS BEGUN. YOU HAVE BEEN WARNED.

12 comments:

AmenRa said...

Copper didn't agree with the afternoon ramp and was heard yelling "BS! BS! BS!" as it was gagged and placed in a straightjacket.

AmenRa said...

CRB below 10/11 support (292.39). Next support is from 08/10 at (260.22).

AmenRa said...

Paul Mooney is a riot.

Anonymous said...

Did the bear have a chance? Men with guns..er..cheap greenbacks..

AmenRa said...

http://www.spiegel.de/international/europe/why-greece-needs-to-leave-the-euro-zone-a-832968-druck.html
Greece Can No Longer Delay Euro Zone Exit

AmenRa said...

Bloomberg talking about the "Four Horsemen of the Apocalypse". Copycats.

AmenRa said...

Still can't believe the market jumped that much yesterday. Due to a another rumor.

Andy T said...

awesome bear picture....

AmenRa said...

I keep hearing about "Grexit" for the Greece exit from the Euro. I think I prefer "Greave™/Greaving™" for Greece leaving the Euro.

AmenRa said...

The market is dangerously close to the edge of the cliff.

NH/NL 0.46
A/D 0.83
VU/VD 0.37
Vix +3.6%
Trin 1.35
PC Ratio 0.987

AmenRa said...

So far they have protected the midpoint of the move from yesterday (1310.52). I want to see what happens when it breaks thru.

Ira Morse said...

This issue is aired in the radio stations days ago, until now. Greece should prepare if they will not take austerity, Euro Zone will really kick them out of the league.






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