AmenRa's Corner 5.7.12

...can prevent market melt ups based on phony EU solidarity. 



Creditcane™: Do you really think I'm not in France or Greece?


SPX
Doji day. Midpoint below EMA(10). Failing SMA(21,55). Tested and failed 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 short day. Midpoint above EMA(10). Tested and held the 61.8% minor retrace (79.60). Tested and held SMA(89). No daily 3LB changes (reversal is 80.08). Still below weekly 3LB mid.
VIX
Bearish short day. Midpoint above EMA(10). Holding above SMA(89). Tested and held its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 20.39).
GOLD
Bearish short day. Midpoint below EMA(10). Failing its 50.0% retrace (1661.00). Failing SMA(21). No daily 3LB changes (reversal is 1706.50). Still below its monthly 3LB mid. Must have the precious.
EURUSD
Doji day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 38.2% minor retrace (1.3057). No daily 3LB changes (reversal is 1.3465).
JNK
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 38.2% minor retrace (39.62). No daily 3LB changes (reversal is 39.33).
10YR YIELD
Spinning top day. Still failing all SMA's. Midpoint below EMA(10). Failing its 0.0% retrace (18.96). New low on daily 3LB (reversal is 19.33).
WTI
Doji day. Tested and failed SMA(233). Midpoint below EMA(10). Failing its 50.0% retrace (99.04). New low on dally 3LB (reversal is 106.16). Still below the monthly 3LB mid.
SILVER
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Tested and held its 61.8% minor retrace (29.92). No daily 3LB changes (reversal is 31.12).
BKX
Bullish short day. Midpoint below EMA(10). Tested and failed SMA(55). Still failing its 38.2% minor retrace (49.10). No daily 3LB changes (reversal is 49.00).
HYG/LQD
Spinning top day. Tested and held SMA(21,144). Midpoint below EMA(10). Tested and failed its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7676).
COPPER
Bullish long day. Midpoint below EMA(10). Tested and held SMA(21). Failing its 50.0% retrace (3.846). No daily 3LB changes (reversal is 3.843).
AAPL
Bullish short day. Failing SMA(55). Midpoint below EMA(10). Tested and held its 61.8% minor retrace (563.20). No daily 3LB changes (reversal is 560.28).
AUDJPY
Bullish thrusting day. Midpoint below EMA(10). Tested and held SMA(233). Tested and held its 50.0% minor retrace (0.8011). No daily 3LB changes (reversal is 0.8417).




IT HAS BEGUN. YOU HAVE BEEN WARNED.

15 comments:

AmenRa said...

Futures keep moving lower. Reality must be setting in.

Andy T said...

Back from Findlay, OH last night at 10pm. whirl wind trip.

Energy = bad.

Anonymous said...

"...can prevent market melt ups based on phony EU solidarity..."

no kidding.

ibid.

AmenRa said...

Gold getting sold. Margin calls anyone?

AmenRa said...

SPX test of Apr lows coming into play. 2B quickly followed by test of the Mar lows.

AmenRa said...

EURUSD failing to hold 1.3000.

Andy T said...

1338-1340 on the S&P500....

coming right up.

AmenRa said...

Andy T

They are trying to hold the imaginary line at 1350.

AmenRa said...

Say what you want but someone brought the EURUSD back above 1.3000. Hardy har har.

AmenRa said...

The SPX Apr low seems to be resistance (for now) so will it take the the imaginary line at 1350 at test the Mar lows? 2hrs and counting...

AmenRa said...

That move down this morning went longer than the bulls wanted it too. They needed an hour to regroup and plan the bear hunting spree.

Andy T said...

amazing how when the markets are into any kind of support and things are looking bad....

market bounces back.

Anonymous said...

5-Year Treasury 0.77 -0.02 -2.53%
10-Year Treasury 1.85 -0.03 -1.60%
30-Year Treasury 3.03 -0.03 -0.98%

http://finviz.com/

hey, what happened to that 'Yield Spike' (that was going to be driven through our /hearts/.."?

AAIP

AmenRa said...

AAIP

Can't get a yield spike until after traders quit running from EU debt and focus on US debt.

AmenRa said...

nuevo

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