AmenRa's Corner 5.3.12




Creditcane™: This exit is too crowded. You'll need to find another one. Rapido.

SPX
Bearish short day. Midpoint above EMA(10). Holding above 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
Doji day. Midpoint above EMA(10). Failing the 61.8% minor retrace (79.60). Tested and held SMA(144). No daily 3LB changes (reversal is 80.08). Still below weekly 3LB mid.
VIX
Bullish short day. Midpoint above EMA(10). Tested and held SMA(55). Failing its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 20.39).
GOLD
Bearish long day. Midpoint below EMA(10). Failing its 50.0% retrace (1661.00). Tested and failed SMA(21). No daily 3LB changes (reversal is 1706.50). Back below its monthly 3LB mid. Must have the precious.
EURUSD
Doji day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and held its 50.0% minor retrace (1.3142). No daily 3LB changes (reversal is 1.3465).
JNK
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 38.2% minor retrace (39.62). No daily 3LB changes (reversal is 39.33).
10YR YIELD
Doji day. Still failing all SMA's. Midpoint below EMA(10). Failing its 38.2% minor retrace (21.37). No daily 3LB changes (reversal is 19.74).
WTI
Bearish long day. Tested and failed SMA(21,89). Midpoint below EMA(10). Tested and failed its 61.8% retrace (103.42). No dally 3LB changes (reversal is 101.46). Not confirming the monthly 3LB reversal down.
SILVER
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Tested and held its 61.8% minor retrace (29.92). New low on daily 3LB (reversal is 31.12).
BKX
Bearish short day. Midpoint below 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
Bearish short day. Tested and failed SMA(89). Midpoint above EMA(10). Holding above its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7676).
COPPER
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(89). Failing its 50.0% retrace (3.846). Daily 3LB reversal down (reversal is 3.843).
AAPL
Bearish short day. Holding above SMA(55). Midpoint below EMA(10). Holding above its 50.0% minor retrace (577.84). No daily 3LB changes (reversal is 560.28).
EUFN
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and failed its 61.8% minor retrace (16.39). No daily 3LB changes (reversal is 16.94).




IT HAS BEGUN. YOU HAVE BEEN WARNED.

9 comments:

b22 said...

tomorrow should be fun Ra, VIX is real interesting as I'm taking a look at that tonight.

AmenRa said...

b22

Futures are treading water. With economic data on both ends of the spectrum I have no idea how the market will react to NFP.

AmenRa said...

BTW who in their right mind would want to be long over the weekend with the chance that Hollande beats Sarkozy in the French election? If that happens then you can kiss Spain goodbye.

BinT said...

http://www.bloomberg.com/news/2012-05-04/norway-dumps-ireland-portugal-bonds-amid-euro-challenges-1-.html

Norway Dumps Ireland, Portugal Bonds on Euro Crisis Concern

...I don't think the starting pitcher has even taken his warm up tosses...

AmenRa said...

NFP 115k, previous 154k, consensus 165k miss
Private 130k, previous 166k, consensus 178k miss
U3 8.1%, previous 8.2%
U6 14.5%, previous 14.5%
B/D +206k
Participation Rate 63.6%, previous 63.8%
Temp 21.1k, previous -9.4k
Wkly Hrs (Non Sup) 33.8, previous 33.8
Not in Labor Force 88419 (+522k)

Let the games begin...

Andy T said...

good thing apple reported those awesome earnings last week...

like earnings matter.

AmenRa said...

SPX blew through the weekly 3LB mid and is teetering above the weekly 3LB reversal. It's only 11:42am EST. There's plenty of time. Plus France and Greece have elections and there is a "supermoon" this weekend. The rush to the exits has yet to begin.

b22 said...

"like earnings matter"

lol, how dare you!

they've built entire television programs around such claims

AmenRa said...

Phase one - weekly 3LB reversal down - complete.

Post a Comment

Disclosure/Warning

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.