AmenRa's Corner 8.14.12

"I'm trying my best but the bears are hungry."


Creditcane™: CAVEAT EMPTOR.


SPX
Doji day (weak confirmation of hanging man). Midpoint above EMA(10). Still above all SMA's. Holding above the 38.2% minor retrace (1372.42). No daily 3LB changes (reversal is 1401.35). QE2infinity.



DXY
Doji day. Midpoint below EMA(10). Tested and held the 38.2% minor retrace (82.46). Now failing SMA(55). No daily 3LB changes (reversal is 82.21).



VIX
Bullish long day (confirmed inverted hammer). Midpoint below EMA(10). Still failing all SMA's. Tested and held its 0.0% retrace (14.27). No daily 3LB changes (reversal is 15.32).



GOLD
Bearish short day. Midpoint below EMA(10). Tested and failed its 61.8% retrace (1605.10). Tested and held SMA(55). No daily 3LB changes (reversal is 1638.90). Must have the precious.



EURUSD
Doji day. Midpoint above EMA(10). Holding above SMA(21). Holding above its 0.0% retrace (1.2154). No daily 3LB changes (reversal is 1.2417).



JNK
Spinning top day. Midpoint above EMA(10). Holding above SMA(21). Tested and failed its 50.0% minor retrace (39.86). No daily 3LB changes (reversal is 39.33).



10YR YIELD
Bullish long day (closed gap). Tested and held SMA(89). Midpoint above EMA(10). Holding above its 0.0% retrace (14.40). New high on daily 3LB (reversal is 16.28).



WTI
Bullish short day. Holding above SMA(89). Midpoint above EMA(10). Holding above its 61.8% minor retrace (90.23). No dally 3LB changes (reversal is 88.06).



SILVER
Spinning top day. Tested and failed SMA(55). Midpoint below EMA(10). Holding above its 100.0% retrace (26.66). No daily 3LB changes (reversal is 26.29).



BKX
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% retrace (46.14). No daily 3LB changes (reversal is 46.48).



HYG/LQD
Bullish long day. Tested and held SMA(89). Midpoint above EMA(10). Tested and held its 38.2% minor retrace (0.7678). New high on daily 3LB (reversal is 0.7523).



COPPER
Spinning top day. Midpoint below EMA(10). Now failing all SMA's. Tested and held its 50.0% minor retrace (3.359). No daily 3LB changes (reversal is 3.540).



AAPL
Bearish short day (shooting star?). Still above all SMA's. Midpoint above EMA(10). Holding above its 38.2% minor retrace (592.47). New high on daily 3LB (reversal is 615.70).



FB
Bearish long day. Midpoint below EMA(10). Tested and failed its 38.2% minor retrace (20.92). No daily 3LB changes (reversal is 23.15).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

4 comments:

AmenRa said...

Carpe diem soon to become capere numulariis.

AmenRa said...

IP and CU inline w/expectations. 5yr and 10yr breakevens still going higher. Fed will stand pat.

US 10yr & 30yr yields still rising. Interest payments increasing. Deficit grows. Congress unable to cut spending (especially what goes out to "friends" of Congress).

BinT said...

Deficit of a trillion per year is about 7%/year...GDP is growing no faster than 1.5%/year...

..There will be a come to Jesus moment..the timing is the thing..

AmenRa said...

new.

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