AmenRa's Corner 11.7.12

Posted by AmenRa on Wednesday, November 7, 2012 /
"Feed me Seymour!!!"


Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(89). Tested and failed the 50.0% minor retrace (1399.90). New low on daily 3LB (reversal is 1428.59). QE2infinity. Still below all trend lines and RSI(14) still below 50.



DXY
Bullish short day. Midpoint above EMA(10). Holding above the 38.2% retrace (79.97). Holding above SMA(55). New high on dally 3LB (reversal is 80.23).



VIX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(144). Tested and held its 61.8% minor retrace (18.81). New high on daily 3LB (reversal is 16.80).



GOLD
Doji day. Midpoint above EMA(10). Tested and failed its 38.2% retrace (1730.90). Tested and failed SMA(21,55). No daily 3LB changes (reversal is 1724.00). Must have the precious.



EURUSD
Spinning top day. Midpoint below EMA(10). Tested and failed SMA(55). Tested and held its 61.8% minor retrace (1.2759). New low on daily 3LB (reversal is 1.2995).



JNK
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(55). Tested and failed its 61.8% minor retrace (40.10). No daily 3LB changes (reversal is 40.73).



10YR YIELD
Spinning top day. Tested and failed SMA(89). Midpoint below EMA(10). Still failing its 38.2% minor retrace (17.47). No daily 3LB changes (reversal is 18.70).



WTI
Bearish long day. Tested and failed SMA(21). Midpoint below EMA(10). Tested and failed its 38.2% minor retrace (87.97). Dally 3LB reversal down (reversal is 88.71).



SILVER
Spinning top day. Tested and failed SMA(21). Midpoint above EMA(10). Tested and failed its 38.2% minor retrace (32.24). No daily 3LB changes (reversal is 32.10).



BKX
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21,55). Tested and failed its 38.2% minor retrace (49.10). New low on daily 3LB (reversal is 51.64).



HYG/LQD
Bearish short day. Now failing all SMA's. Midpoint below EMA(10). Tested and failed its 0.0% retrace (0.7536). Daily 3LB reversal down (reversal is 0.7585).



COPPER
Bearish long day. Midpoint below EMA(10). Still failing all SMA's. Tested and held its 61.8% minor retrace (3.443). New low on daily 3LB (reversal is 3.494).



AAPL
Bearish long day. Tested and failed SMA(233). Midpoint below EMA(10). Tested and held its 38.2% retrace (555.47). Still failing BB(2,200). New low on daily 3LB (reversal is 604.00).



CCI
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(233). Holding above its 38.2% retrace (557.71). No daily 3LB changes (reversal is 565.17).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

2 comments:

AmenRa said...

Appears there will not be bounce to offset yesterdays move lower. Then there's the Troika delaying the money for Greece. Also another deadlocked Congress means the "fiscal cliff" continues to loom over the market.

November 8, 2012 at 3:47 PM
AmenRa said...

New.

November 8, 2012 at 7:23 PM

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