AmenRa's Corner 8.8.12




Creditcane™: Let's get ready to rumble!


SPX
Spinning top 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 1390.99). QE2infinity.



DXY
Spinning top day. Midpoint below EMA(10). Tested and failed the 38.2% minor retrace (82.46). Still failing SMA(21,55). No daily 3LB changes (reversal is 82.64).



VIX
Bearish long day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 61.8% minor retrace (18.81). Daily 3LB reversal down (reversal is 20.47).



GOLD
Spinning top day. Midpoint above EMA(10). Holding above its 61.8% retrace (1605.10). Tested and held SMA(89). No daily 3LB changes (reversal is 1638.90). Must have the precious.



EURUSD
Bearish short day. Midpoint above EMA(10). Still failing SMA(55). Holding above its 0.0% retrace (1.2154). No daily 3LB changes (reversal is 1.2317).



JNK
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Now failing its 50.0% minor retrace (39.86). No daily 3LB changes (reversal is 39.33).



10YR YIELD
Spinning top day. Holding above SMA(55). Midpoint above EMA(10). Holding above its 0.0% retrace (14.40). New high on daily 3LB (reversal is 15.55).



WTI
Doji 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 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. Tested and held its 61.8% retrace (46.14). New high on daily 3LB (reversal is 44.45).



HYG/LQD
Spinning top day. Tested and held SMA(55). Midpoint above EMA(10). Holding above its 0.0% retrace (0.7536). No daily 3LB changes (reversal is 0.7501).



COPPER
Spinning top day. Midpoint above EMA(10). Tested and held SMA(21). Tested and failed its 61.8% minor retrace (3.430). No daily 3LB changes (reversal is 3.540).



AAPL
Spinning top day. Still above all SMA's. Midpoint above EMA(10). Holding above its 38.2% minor retrace (592.47). No daily 3LB changes (reversal is 574.88).



DJ TRANS AVG
Bearish short day. Tested and held SMA(21). Midpoint above EMA(10). Still failing its 61.8% minor retrace (5165.32). No daily 3LB changes (reversal is 4847.73).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

3 comments:

BinT said...

http://www.rttnews.com/1942907/german-industrial-production-decline-worse-than-forecast.aspx?utm_source=rttnews&utm_campaign=popup

German Industrial Production Decline Worse Than Forecast


"With the supposedly ultra-competitive German manufacturing sector in recession, the omens for the rest of the euro-zone economy are extremely worrying", Capital Economics Chief European Economist Jonathan Loynes said.





"Such a weak economic environment will make further fiscal progress in the indebted peripheral economies very difficult indeed," he added.

AmenRa said...

US 10yr auction 1.680% previous 1.459%. Not the direction the US wants it to go. Means the US interest payments are increasing.

AmenRa said...

New.

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