AmenRa's Corner 6.19.12

Posted by AmenRa on Tuesday, June 19, 2012 /
"Say my name! QE! Say my name! QE!"


Creditcane™: Q: Are US large banks healthy? A: Not as long as they hold Level 3 Assets as mark-to-fantasy.


SPX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(55). Tested and held the 50.0% minor retrace (1357.98). New high on daily 3LB (reversal is 1304.86). QE2infinity.



DXY
Bearish long day. Midpoint below EMA(10). Tested and failed the 38.2% minor retrace (81.70). Still failing SMA(21). New low on daily 3LB (reversal is 82.05).



VIX
Bullish thrusting day. Midpoint below EMA(10). Failing all SMA's. Failing its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 26.66).



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



EURUSD
Bullish long day (didn't confirm bearish engulfing). Midpoint above EMA(10). Holding above SMA(21). Tested and failed its 38.2% minor retrace (1.2710). New high on daily 3LB (reversal is 1.2556).



JNK
Bullish short day. Midpoint above EMA(10). Tested and held SMA(55,144). Tested and held its 61.8% retrace (38.86). Daily 3LB reversal up (reversal is 37.59).



10YR YIELD
Bullish short day. Failing all SMA's. Midpoint below EMA(10). Holding above its 0.0% retrace (14.71). No daily 3LB changes (reversal is 17.65).



WTI
Bullish short day. Still failing all SMA's. Midpoint below EMA(10). Failing its 38.2% minor retrace (85.75). No dally 3LB changes (reversal is 86.83).



SILVER
Bearish short day. Tested and failed SMA(21). Midpoint at EMA(10). Failing its 61.8% minor retrace (30.00). No daily 3LB changes (reversal is 27.20).



BKX
Bullish long day. Midpoint above EMA(10). Holding above SMA(144). Holding above its 50.0% retrace (43.76). New high on daily 3LB (reversal is 43.61).



HYG/LQD
Bullish short day. Tested and held SMA(55). Midpoint above EMA(10). Holding above its 61.8% minor retrace (0.7643). New high on daily 3LB (reversal is 0.7632).



COPPER
Bullish short day. Midpoint above EMA(10). Tested and held SMA(21). Tested and held its 61.8% minor retrace (3.423). New high on daily 3LB (reversal is 3.307).



AAPL
Bullish short day. Tested and held SMA(55). Midpoint above EMA(10). Holding above its 50.0% minor retrace (577.84). New high on daily 3LB (reversal is 572.27).



EURCHF
Bearish long day. Midpoint above EMA(10). Failing its 50.0% retrace (1.2233). Tested and failed SMA(144,89,55,21). Tested and failed peg (1.2000). No daily 3LB changes (reversal is 1.1910).



XRT
Bullish short day. Midpoint above EMA(10). Holding above SMA(21). Tested and failed its 38.2% minor retrace (59.15). Daily 3LB reversal up (reversal is 56.50).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

2 comments:

AmenRa said...

from the FOMC statement:

"To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee expects to maintain a highly accommodative stance for monetary policy. In particular, the Committee decided today to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that economic conditions--including low rates of resource utilization and a subdued outlook for inflation over the medium run--are likely to warrant exceptionally low levels for the federal funds rate at least through late 2014.
The Committee also decided to continue through the end of the year its program to extend the average maturity of its holdings of securities. Specifically, the Committee intends to purchase Treasury securities with remaining maturities of 6 years to 30 years at the current pace and to sell or redeem an equal amount of Treasury securities with remaining maturities of approximately 3 years or less. This continuation of the maturity extension program should put downward pressure on longer-term interest rates and help to make broader financial conditions more accommodative. The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities. The Committee is prepared to take further action as appropriate to promote a stronger economic recovery and sustained improvement in labor market conditions in a context of price stability."

aka No QE bitchez!!!

June 20, 2012 at 12:37 PM
Anonymous said...

NYMEX:RB RBOB GASOLINE Aug 2.5699 2.5780 2.5011 2.5014 -0.0685 -2.67% 15:21 all months
NYMEX:RB RBOB GASOLINE Aug 2.6380 2.6380 2.6380 2.5073 -0.0626 -2.44% set 14:33 all months

http://quotes.ino.com/exchanges/futboard/#energy

Retail 'Gas' is ~3.35, 'round these Parts..

"spread" near ~highest ever..

ibid.

June 20, 2012 at 3:40 PM

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