AmenRa's Corner 10.26.12

"It's too late. There is no escape."



Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Spinning top day. Midpoint below EMA(10). Tested and failed SMA(89). Tested and failed the 38.2% minor retrace (1416.67). No daily 3LB changes (reversal is 1459.99). QE2infinity. Still below the trend line and also below the lowest trend line.



DXY
Bearish short day. Midpoint above EMA(10). Tested and held the 38.2% retrace (79.97). Holding above SMA(21). No dally 3LB changes (reversal is 80.10).



VIX
Spinning top day. Midpoint above EMA(10). Tested and failed SMA(144). Still failing its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 14.05).



GOLD
Spinning top day. Midpoint below EMA(10). Still failing its 38.2% retrace (1730.90). Tested and failed SMA(55). No daily 3LB changes (reversal is 1737.60). Must have the precious.



EURUSD
Spinning top day. Midpoint below EMA(10). Still failing SMA(21). Still failing its 38.2% retrace (1.3127). No daily 3LB changes (reversal is 1.2862).



JNK
Bearish short day. Midpoint below EMA(10). Tested and held SMA(21). Holding above its 61.8% minor retrace (40.10). No daily 3LB changes (reversal is 40.73).



10YR YIELD
Bearish short day. Still above all SMA's. Midpoint below EMA(10). Tested and held its 38.2% minor retrace (17.47). No daily 3LB changes (reversal is 18.70).



WTI
Bullish short day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% minor retrace (87.97). No dally 3LB changes (reversal is 91.84).



SILVER
Spinning top day. Still failing SMA(55). Midpoint below EMA(10). Tested and failed its 38.2% minor retrace (32.24). No daily 3LB changes (reversal is 32.74).



BKX
Bearish short day. Midpoint below EMA(10). Tested and held SMA(55). Tested and held its 38.2% minor retrace (49.10). No daily 3LB changes (reversal is 51.64).



HYG/LQD
Bearish long day. Tested and failed SMA(21). Midpoint below EMA(10). Tested and held its 0.0% retrace (0.7536). No daily 3LB changes (reversal is 0.7800).



COPPER
Spinning top day. Midpoint below EMA(10). Tested and failed SMA(144). Still failing its 38.2% retrace (3.673). New low on daily 3LB (reversal is 3.569).



AAPL
Bearish short day. Tested and failed SMA(144). Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (612.20). New low on daily 3LB (reversal is 628.10).



CCI
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(89). Still failing its 61.8% minor retrace (570.80). New low on daily 3LB (reversal is 587.50).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

6 comments:

AmenRa said...

Weekly 3LB Update 10/26/12

AmenRa said...

Markets to be closed Monday due to Sandy. Possible closure on Tuesday also.

AmenRa said...

To any readers out East: Be Careful and stay safe. I've heard from a friend whose car was blown two lanes over (luckily there was no traffic). He promptly turned around and went home.

Matthew said...

The Street did a good job of providing needed liquidity this morning.

AmenRa said...

Market open tomorrow. Couldn't let the month end w/o getting the books in order.

AmenRa said...

Market doing all it can to hold the open price. Resistance is futile.

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