AmenRa's Corner 10.5.12

...can prevent market melt ups based on NFP shenanigans.



Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Doji day. Midpoint above EMA(10). Still above all SMA's. Tested and failed the 0.0% retrace (1463.76). No daily 3LB changes (reversal is 1432.12). QE2infinity. Back below the trend line.



DXY
Spinning top day. Midpoint below EMA(10). Still failing the 38.2% retrace (79.97). Now failing all SMA's. No dally 3LB changes (reversal is 78.83).



VIX
Bullish long day. Midpoint below EMA(10). Now failing all SMA's. Tested and held its 0.0% retrace (14.27). No daily 3LB changes (reversal is 13.88).



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 1778.00). Must have the precious.



EURUSD
Spinning top day. Midpoint above EMA(10). Now above all SMA's. Still failing its 38.2% retrace (1.3127). No daily 3LB changes (reversal is 1.3128).



JNK
Bearish short day. Midpoint above EMA(10). Holding above SMA(55). Tested and held its 61.8% minor retrace (40.10). No daily 3LB changes (reversal is 40.73).



10YR YIELD
Bullish long day. Tested and held SMA(21). Midpoint above EMA(10). Still failing its 38.2% minor retrace (17.47). No daily 3LB changes (reversal is 18.70).



WTI
Bearish long day (didn't confirm bullish engulfing). Tested and failed SMA(89). Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (90.85). No dally 3LB changes (reversal is 92.48).



SILVER
Bearish short day. Tested and held SMA(21). Midpoint above EMA(10). Holding above its 38.2% minor retrace (32.24). No daily 3LB changes (reversal is 33.69).



BKX
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% minor retrace (50.92). No daily 3LB changes (reversal is 51.64).



HYG/LQD
Spinning top day. Still failing all SMA's. Midpoint below EMA(10). Holding above its 0.0% retrace (0.7536). No daily 3LB changes (reversal is 0.7847).



COPPER
Spinning top 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
Bearish long day. Still failing SMA(21). Midpoint below EMA(10). Still failing its 0.0% retrace (703.99). New low on daily 3LB (reversal is 673.54).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

6 comments:

AmenRa said...

Weekly 3LB Update 10/5/12

Matthew said...

FYI: On Tuesday, Vanguard announced that it is changing benchmark providers from MSCI to FTSE.

http://community.nasdaq.com/News/2012-10/vanguard-says-good-bye-to-msci-fee-cuts-for-22-index-funds-ahead.aspx?storyid=178439

It says $170 billion in assets are covered by this change. Of interest to me is VWO, which is the largest EM ETF (almost $70 billion). Some of the big changes in fund weights are as follows:

Brazil 12.7% -> 16.2%
South Africa 7.8% to 10.5%
India 7% -> 9.6%
Taiwan 11% -> 13.1%
Malaysia 3.6% to 4.9%
South Korea 15.5% -> 0%

I'm not sure when these funds will be rebalanced or what will be the impact on markets. It will be interesting to watch.

AmenRa said...

That's weird. 10yr note is higher AND 10yr yields are higher. How?

AmenRa said...

Not one positive TICK reading in the first ten minutes. Don't see that often.

Anonymous said...

AmenRa,

as per, Nice Going~

mucho appreciado ~!

AAIP

AmenRa said...

New (yeah yeah I know it's late).

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