AmenRa's Corner 6.13.12

"It's too late. There is no escape."



Creditcane™: Yo hablo español ahora.


SPX
Bearish short day. Midpoint above EMA(10). Tested and held SMA(21). Holding above the 38.2% retrace (1296.82). No daily 3LB changes (reversal is 1332.42). Back below weekly 3LB mid. QE2infinity.



DXY
Bearish long day. Midpoint below EMA(10). Failing the 0.0% retrace (83.11). Tested and failed SMA(21). No daily 3LB changes (reversal is 83.04).



VIX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21). Holding above its 38.2% minor retrace (21.62). No daily 3LB changes (reversal is 21.03).



GOLD
Spinning top day. Midpoint above EMA(10). Holding above its 61.8% retrace (1600.40). Tested and failed SMA(55). No daily 3LB changes (reversal is 1559.40). Must have the precious.



EURUSD
Bullish short day. Midpoint above EMA(10). Tested and held SMA(21). Holding above its 0.0% retrace (1.2363). No daily 3LB changes (reversal is 1.2368).



JNK
Spinning top day (also bearish harami). Midpoint above EMA(10). Tested and held SMA(21). Tested and held its 50.0% retrace (38.24). No daily 3LB changes (reversal is 38.69).



10YR YIELD
Bearish engulfing day. Tested and failed SMA(21). Midpoint above EMA(10). Holding above its 0.0% retrace (14.67). No daily 3LB changes (reversal is 17.65).



WTI
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Failing its 38.2% minor retrace (85.75). New low on dally 3LB (reversal is 86.53).



SILVER
Spinning top day. Holding above SMA(21). Midpoint above EMA(10). Failing its 61.8% minor retrace (30.00). No daily 3LB changes (reversal is 27.20).



BKX
Bullish short day. Midpoint above EMA(10). Tested and held SMA(21). Tested and failed its 50.0% retrace (43.76). No daily 3LB changes (reversal is 41.00).



HYG/LQD
Spinning top day. Tested and failed SMA(21). Midpoint above EMA(10). Tested and failed its 50.0% minor retrace (0.7592). No daily 3LB changes (reversal is 0.7388).



COPPER
Spinning top day. Midpoint below EMA(10). Failing all SMA's. Tested and failed its 50.0% minor retrace (3.352). No daily 3LB changes (reversal is 3.379).



AAPL
Spinning top day. Holding above SMA(89). Midpoint above EMA(10). Tested and failed its 50.0% minor retrace (577.84). No daily 3LB changes (reversal is 560.99).



BAC
Bullish short day. Midpoint above EMA(10). Tested and held SMA(144). Tested and held its 61.8% minor retrace (7.36). No daily 3LB changes (reversal is 6.83).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

13 comments:

Matthew said...

This might have been going around you trading desk today:
http://www.roche.com/corporate_responsibility/society/community/childrenswalk.htm

When you see it, try not to laugh too hard

AmenRa said...

Oddly enough the workers who handle the voting in Greece will be on strike.

AmenRa said...

Matthew

Watering the plants takes on a new meaning.

AmenRa said...

Captain she's about to blow: http://www.bloomberg.com/quote/GSPG10YR:IND
Spain 10yr currently 6.979% (hit a high of 6.998% earlier).

AmenRa said...

Weekly claims 386k prior 380k (revised from 377k).
EU & Extended -135k
CPI m/m -0.3, y/y 1.7
Core CPI m/m 0.2, y/y 2.3
Spain 10yr 6.922% +0.168

Futures pushing higher of more hope of QE. Bwahahahaha!

AmenRa said...

Odd that only the US 10yr yield is up while the 5yr & 30yr yields are lower.

AmenRa said...

n/m seems that oddity was quickly rectified.

AmenRa said...

Market goes apeshit over BB Consumer Confidence. Suckers.

Andy T said...

nice front page article on WSJ today....about 700mm/day leaving greek banks....

Pretty soon there will literally be NO money left there.

AmenRa said...

Rumors of central bank intervention if the "elections" don't go the way they want them to.

AmenRa said...

I wonder if they realized shorts weren't covering and were salivating instead...

AmenRa said...

Why even bother doing any form of analysis if you're at the whim of QE announcements 24/7?

BUT they didn't get a daily 3LB reversal up so maybe there's some value to TA :-)

AmenRa said...

Nuevo.

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