AmenRa's Corner 8.29.12

...can prevent market melt ups based on Bernanke hopes.

Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.

SPX
Spinning top day. Midpoint above EMA(10). Holding above SMA(21). Still failing the 0.0% retrace (1419.15). No daily 3LB changes (reversal is 1418.16). QE2infinity.

DXY
Bullish short day. Midpoint below EMA(10). Tested and held the 61.8% minor retrace (81.51). Still failing SMA(89). No dally 3LB (reversal is 82.64).

VIX
Bullish short day. Midpoint above EMA(10). Holding above SMA(21). Holding above its 0.0% retrace (14.27). New high on daily 3LB (reversal is 15.96).

GOLD
Bearish short day. Midpoint above EMA(10). Tested and failed its 50.0% retrace (1668.00). Tested and failed SMA(233). No daily 3LB changes (reversal is 1642.90). Must have the precious.

EURUSD
Bearish short day. Midpoint above EMA(10). Tested and failed SMA(89). Tested and held its 38.2% minor retrace (1.2522). No daily 3LB changes (reversal is 1.2297).

JNK
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 50.0% minor retrace (39.86). New high on daily 3LB (reversal is 39.88).

10YR YIELD
Bullish short day. Tested and failed SMA(21,89). Midpoint below EMA(10). Still failing its 38.2% minor retrace (17.47). No daily 3LB changes (reversal is 18.05).

WTI
Bearish short day. Still failing SMA(144,233). Midpoint above EMA(10). Tested and failed its 38.2% retrace (95.94). New low on dally 3LB (reversal is 97.26).

SILVER
Spinning top day. Tested and held SMA(233). Midpoint above EMA(10). Still failing its 50.0% minor retrace (31.10). No daily 3LB changes (reversal is 29.64).

BKX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% retrace (46.14). No daily 3LB changes (reversal is 47.47).

HYG/LQD
Bullish long day. Tested and held SMA(89). Midpoint below EMA(10). Tested and held its 38.2% minor retrace (0.7678). No daily 3LB changes (reversal is 0.7738).

COPPER
Bearish short day. Midpoint above EMA(10). Tested and failed SMA(89). Tested and held its 61.8% minor retrace (3.430). No daily 3LB changes (reversal is 3.540).

AAPL
Bearish short day. Still above all SMA's. Midpoint above EMA(10). Tested and failed its 0.0% retrace (674.88). No daily 3LB changes (reversal is 648.11).

AUDJPY
Spinning top day. Midpoint below EMA(10). Tested and held SMA(55). Tested and failed its 61.8% retrace (0.8156). No daily 3LB changes (reversal is 0.8266).

IT HAS BEGUN. YOU HAVE BEEN WARNED.