AmenRa's Corner 9.24.12

"The FOMC should take this to heart."


Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Now failing the 0.0% retrace (1463.76). No daily 3LB changes (reversal is 1432.12). QE2infinity.



DXY
Doji day. Midpoint below EMA(10). Holding above the 50.0% retrace (78.72). Still failing all SMA's. No dally 3LB changes (reversal is 79.89).



VIX
Bearish long day. Midpoint above EMA(10). Still failing all SMA's. Tested and failed its 0.0% retrace (14.27). No daily 3LB changes (reversal is 15.60).



GOLD
Bearish short day. Midpoint above EMA(10). Holding above its 38.2% retrace (1730.90). Still above all SMA's. No daily 3LB changes (reversal is 1740.50). Must have the precious.



EURUSD
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Still failing its 38.2% retrace (1.3127). No daily 3LB changes (reversal is 1.2870).



JNK
Doji day. Midpoint below EMA(10). Still above all SMA's. Holding above its 61.8% minor retrace (40.10). No daily 3LB changes (reversal is 40.38).



10YR YIELD
Spinning top day. Tested and held SMA(21). Midpoint below EMA(10). Now failing its 38.2% minor retrace (17.47). No daily 3LB changes (reversal is 16.82).



WTI
Bearish short day. Tested and failed SMA(55). Midpoint below EMA(10). Still failing its 38.2% retrace (96.27). New low on dally 3LB (reversal is 99.33).



SILVER
Bearish short day. Still above all SMA's. Midpoint above EMA(10). Holding above its 38.2% minor retrace (32.15). No daily 3LB changes (reversal is 32.41).



BKX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 50.0% minor retrace (50.01). No daily 3LB changes (reversal is 49.29).



HYG/LQD
Bearish short day. Now failing SMA(144). Midpoint below EMA(10). Tested and held its 38.2% minor retrace (0.7678). No daily 3LB changes (reversal is 0.7645).



COPPER
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% retrace (3.673). No daily 3LB changes (reversal is 3.688).



AAPL
Spinning top day. Still above all SMA's. Midpoint below EMA(10). Now failing its 0.0% retrace (703.99). Daily 3LB reversal down (reversal is 702.10).



CRB
Bearish short day. Midpoint below EMA(10). Still failing SMA(21). Tested and held its 38.2% minor retrace (305.61). New low on daily 3LB (reversal is 311.56).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

5 comments:

AmenRa said...

Relax bears. Today is T+3 day.

AmenRa said...

http://www.bloomberg.com/news/2012-09-25/german-10-year-bunds-advance-before-italy-spain-auction-debt.html
Spanish, Italian Bonds Fall After Auctions as German Bunds Gain

Is the Draghi effect wearing off?

AmenRa said...

http://www.ritholtz.com/blog/2012/09/how-good-an-investment-were-the-bailouts/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheBigPicture+(The+Big+Picture)
How Good an Investment Were the Bailouts?

Good read.

AmenRa said...

Noticed the move at 12:40et. Still haven't figured out what started it.

AmenRa said...

New.

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