AmenRa's Corner 7.6.12

Creditcane™: Hope is futile. You will be assimilated.

SPX
Bearish long day. Midpoint above EMA(10). Still above all SMA's. Tested and failed the 50.0% minor retrace (1357.98). Daily 3LB reversal down (reversal is 1374.02). QE2infinity.

DXY
Bullish long day. Midpoint above EMA(10). Tested and held the 0.0% retrace (83.11). Still above all SMA's. New high on daily 3LB (reversal is 81.63).

VIX
Bearish long day (really???). Midpoint below EMA(10). Still failing all SMA's. Still failing its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 16.66).

GOLD
Bearish long day. Midpoint below EMA(10). Tested and failed its 61.8% retrace (1600.40). Tested and failed SMA(21,55). No daily 3LB changes (reversal is 1634.20). Must have the precious.

EURUSD
Bearish long day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 0.0% minor retrace (1.2373). New low on daily 3LB (reversal is 1.2668).

JNK
Doji day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% retrace (38.86). No daily 3LB changes (reversal is 39.08).

10YR YIELD
Bearish long day. Now failing all SMA's. Midpoint below EMA(10). Holding above its 0.0% retrace (14.71). No daily 3LB changes (reversal is 17.65).

WTI
Bearish long day. Holding above SMA(21). Midpoint above EMA(10). Tested and failed its 38.2% minor retrace (86.56). No dally 3LB changes (reversal is 77.69).

SILVER
Bearish long day. Now failing all SMA's. Midpoint below EMA(10). Holding above its 100.0% retrace (26.66). No daily 3LB changes (reversal is 26.29).

BKX
Spinning top day. Midpoint below EMA(10). Tested and failed SMA(55). Still failing its 61.8% retrace (46.14). Daily 3LB reversal down (reversal is 46.24).

HYG/LQD
Bearish short day. Tested and held SMA(21) but failed SMA(55). Midpoint below EMA(10). Holding above its 61.8% minor retrace (0.7643). No daily 3LB changes (reversal is 0.7651).

COPPER
Bearish long day. Midpoint above EMA(10). Tested and failed SMA(55). Tested and failed its 61.8% minor retrace (3.430). No daily 3LB changes (reversal is 3.305).

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 570.77).

IT HAS BEGUN. YOU HAVE BEEN WARNED.

AmenRa's Corner 7.5.12

Creditcane™: Let me show you what happens when you place too much hope in Fed stimulus.

SPX
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Tested and failed the 38.2% minor retrace (1372.42). No daily 3LB changes (reversal is 1357.98). QE2infinity.

GOLD
Spinning top day. Midpoint above EMA(10). Tested and held its 61.8% retrace (1600.40). Tested and held SMA(55). No daily 3LB changes (reversal is 1634.20). Must have the precious.

EURUSD
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Still failing its 38.2% minor retrace (1.2710). Daily 3LB reversal down (reversal is 1.2668).

10YR YIELD
Bearish short day. Tested and failed SMA(21). Midpoint below EMA(10). Holding above its 0.0% retrace (14.71). No daily 3LB changes (reversal is 17.65).

WTI
Spinning top day. Holding above SMA(21). Midpoint above EMA(10). Tested and held its 38.2% minor retrace (86.56). New high on dally 3LB (reversal is 77.69).

SILVER
Bearish short day. Tested and failed SMA(21). Midpoint above EMA(10). Holding above its 100.0% retrace (26.66). No daily 3LB changes (reversal is 26.29).

BKX
Bearish long day. Midpoint above EMA(10). Tested and failed SMA(89). Tested and failed its 61.8% retrace (46.14). No daily 3LB changes (reversal is 45.41).

HYG/LQD
Bearish short day. Tested and held SMA(55). Midpoint above EMA(10). Holding above its 61.8% minor retrace (0.7643). No daily 3LB changes (reversal is 0.7651).

COPPER
Bearish short day. Midpoint above EMA(10). Tested and failed SMA(55). Holding above its 61.8% minor retrace (3.430). No daily 3LB changes (reversal is 3.305).

CRB
Doji day. Midpoint above EMA(10). Holding above SMA(55). Tested and failed its 0.0% retrace (294.78). New high on daily 3LB (reversal is 284.19).

EURCHF
Bullish long day (after opening was lower). Midpoint below EMA(10). Failing its 50.0% retrace (1.2233). Tested and failed SMA(21,55). Tested and held peg (1.2000). No daily 3LB changes (reversal is 1.1910).

IT HAS BEGUN. YOU HAVE BEEN WARNED.

AmenRa's Corner 7.3.12

"With light volume we can do this every day."

Creditcane™: No matter how much you try to make the 2H better it won't work.

SPX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held the 38.2% minor retrace (1372.42). New high on daily 3LB (reversal is 1357.98). QE2infinity.

DXY
Bearish short day. Midpoint below EMA(10). Tested and held the 38.2% minor retrace (81.70). Still failing SMA(21). No daily 3LB changes (reversal is 82.81).

VIX
Doji day. Midpoint below EMA(10). Now failing all SMA's. Still failing its 61.8% minor retrace (18.81). New low on daily 3LB (reversal is 17.24).

GOLD
Bullish long day. Midpoint above EMA(10). Tested and held its 61.8% retrace (1600.40). Tested and held SMA(55). No daily 3LB changes (reversal is 1634.20). Must have the precious.

EURUSD
Bullish short day. Midpoint above EMA(10). Tested and held SMA(21). Still failing its 38.2% minor retrace (1.2710). No daily 3LB changes (reversal is 1.2436).

JNK
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% retrace (38.86). New high on daily 3LB (reversal is 39.08).

10YR YIELD
Bullish long day. Tested and held SMA(21). Midpoint below EMA(10). Holding above its 0.0% retrace (14.71). No daily 3LB changes (reversal is 17.65).

WTI
Bullish long day. Holding above SMA(21). Midpoint above EMA(10). Tested and held its 38.2% minor retrace (86.56). New high on dally 3LB (reversal is 78.20).

SILVER
Bullish long day. Tested and held SMA(21). Midpoint above EMA(10). Holding above its 100.0% retrace (26.66). Daily 3LB reversal up (reversal is 26.29).

BKX
Bullish short day. Midpoint above EMA(10). Tested and failed SMA(89). Tested and held its 61.8% retrace (46.14). New high on daily 3LB (reversal is 45.41).

HYG/LQD
Bullish short day. Tested and failed SMA(233). Midpoint above EMA(10). Holding above its 61.8% minor retrace (0.7643). No daily 3LB changes (reversal is 0.7651).

COPPER
Bullish long day. Midpoint above EMA(10). Tested and held SMA(55). Holding above its 61.8% minor retrace (3.430). New high on daily 3LB (reversal is 3.305).

AAPL
Bullish short day. Still above all SMA's. Midpoint above EMA(10). Tested and held its 38.2% minor retrace (592.47). New high on daily 3LB (reversal is 569.05).

CRB
Bullish long day. Midpoint above EMA(10). Holding above SMA(55). Holding above its 61.8% minor retrace (283.95). New high on daily 3LB (reversal is 275.20).

IT HAS BEGUN. YOU HAVE BEEN WARNED.

Some grilling music:

Sunday's Week Ahead Look

People tend to think traders like "volatility."  This is not true.  They like a "trend."

There are old traders and bold traders...there are no old and bold traders.  This market has become hugely volatile and unpredictable. I'm staying away from the S&P 500 until things become a little clearer.

Market Commentary 1JUL12

Spain to Italy....."I'm da Boss."

  That Spanish beatdown reminds of another epic mismatch...via Tosh.0

Tosh.0
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