AmenRa's Corner 8.16.12

"We don't care about Greece, Spain, Italy or France. We'll keep pushing higher until you stop us."


Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Holding above the 38.2% minor retrace (1372.42). New high on daily 3LB (reversal is 1402.22). QE2infinity.



DXY
Bearish long day. Midpoint below EMA(10). Tested and failed the 38.2% minor retrace (82.46). Tested and failed SMA(55). No dally 3LB changes (reversal is 82.21).



VIX
Bearish long day. Midpoint below EMA(10). Still failing all SMA's. Holding above its 0.0% retrace (14.27). No daily 3LB changes (reversal is 15.32).



GOLD
Bullish long day. Midpoint below EMA(10). Tested and held its 61.8% retrace (1605.10). Tested and held SMA(21,55). No daily 3LB changes (reversal is 1638.90). Must have the precious.



EURUSD
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21). Holding above its 0.0% retrace (1.2154). No daily 3LB changes (reversal is 1.2400).



JNK
Spinning top day. Midpoint below EMA(10). Tested and held SMA(21). Tested and held its 38.2% minor retrace (39.62). No daily 3LB changes (reversal is 39.33).



10YR YIELD
Spinning top day. Tested and held SMA(144). Midpoint above EMA(10). Tested and held its 50.0% minor retrace (18.42). New high on daily 3LB (reversal is 16.88).



WTI
Bullish long day. Holding above SMA(89). Midpoint above EMA(10). Tested and failed its 38.2% retrace (95.65). New high on dally 3LB (reversal is 92.20).



SILVER
Bullish short day. Tested and held SMA(55). Midpoint above EMA(10). Holding above its 100.0% retrace (26.66). No daily 3LB changes (reversal is 26.29).



BKX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% retrace (46.14). New high on daily 3LB (reversal is 46.58).



HYG/LQD
Bullish long day. Tested and held SMA(144,233). Midpoint above EMA(10). Tested and held its 50.0% minor retrace (0.7722). New high on daily 3LB (reversal is 0.7658).



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



AAPL
Bullish short day. 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 622.55).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

7 comments:

Matthew said...

Has anyone been gambling in the casino, lately? I have not, but I can see why someone might want to place a few bets.

In other news, the rates sell-off has been sharp. I almost want to put on a decent size overweight down-in-coupon within the mortgage basis.

qqqqtrader said...

""Has anyone been gambling in the casino, lately?""

... only a few SPX shorts in the trading account, will add a few more later.

... in the maybe I can make a few bucks account, been buying 300 shares of VCV each month for many months now.

AmenRa said...

want to go short but the monthly 3LB reversed up in Feb 2012 and confirmed in Mar 2012. I can't think of shorting until the SPX gets below the weekly 3LB mid. Even better if it gets below the monthly 3LB mid.

AmenRa said...

Weekly 3LB Update 8/17/12

AmenRa said...

Woo hoo pre season has started!

BinT said...

http://www.semi.org/MarketInfo/Book-to-Bill

...heading for lean times..reminds me of the tech bust...

Gus said...

BinT:

http://prod.semi.org/en/sites/semi.org/files/docs/p033815.pdf

Here's the entire data-series ... pretty amazing.

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