AmenRa's Corner 7.13.12

"Hold me."

Creditcane™: Nothing has changed so what gave the market reason to rocket higher?

SPX
Bullish long day. Midpoint below EMA(10). Tested and held SMA(21,55,144). Tested and held the 61.8% minor retrace (1343.55). Daily 3LB reversal up (reversal is 1334.76). QE2infinity.

DXY
Bearish long day. Midpoint above EMA(10). Tested and failed the 0.0% retrace (83.61). Still above all SMA's. Daily 3LB reversal down (reversal is 83.66).

VIX
Bearish long day. Midpoint below EMA(10). Now failing all SMA's. Still failing its 61.8% minor retrace (18.81). Daily 3LB reversal down (reversal is 18.72).

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

EURUSD
Bullish short day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 0.0% retrace (1.2272). No daily 3LB changes (reversal is 1.2283).

JNK
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% retrace (38.86). No daily 3LB changes (reversal is 39.19).

10YR YIELD
Bullish short day. Still 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
Bullish long day. Holding above SMA(21). Midpoint above EMA(10). Tested and held its 38.2% minor retrace (86.56). No dally 3LB changes (reversal is 77.69).

SILVER
Bullish short day. Still 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
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21,55,144). Still failing its 61.8% retrace (46.14). Daily 3LB reversal up (reversal is 44.46).

HYG/LQD
Bullish short day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% minor retrace (0.7678). No daily 3LB changes (reversal is 0.7754).

COPPER
Bullish long day. Midpoint above EMA(10). Tested and held SMA(55). Tested and held 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 592.52).

IT HAS BEGUN. YOU HAVE BEEN WARNED.

AmenRa's Corner 7.12.12

Creditcane™: It's becoming harder and harder to avoid me.

SPX
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(21,55). Now failing the 61.8% minor retrace (1343.55). New low on daily 3LB (reversal is 1352.46). QE2infinity.

DXY
Bullish short day (didn't confirm hammer). Midpoint above EMA(10). Tested and held the 0.0% retrace (83.61). Still above all SMA's. New high on daily 3LB (reversal is 83.38).

VIX
Bearish short day. Midpoint above EMA(10). Tested and failed SMA(21,89). Tested and failed its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 16.80).

GOLD
Bearish short day. Midpoint below EMA(10). Still failing its 61.8% retrace (1600.40). Still failing all SMA's. No daily 3LB changes (reversal is 1634.20). Must have the precious.

EURUSD
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Now failing its 0.0% retrace (1.2272). New low on daily 3LB (reversal is 1.2283).

JNK
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% retrace (38.86). No daily 3LB changes (reversal is 39.19).

10YR YIELD
Bearish short day. Still 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 short day. Holding above SMA(21). Midpoint above EMA(10). Still failing its 38.2% minor retrace (86.56). No dally 3LB changes (reversal is 77.69).

SILVER
Bullish short day. Still failing all SMA's. Midpoint below EMA(10). Tested and held its 100.0% retrace (26.66). No daily 3LB changes (reversal is 26.29).

BKX
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(21,55). Still failing its 61.8% retrace (46.14). New low on daily 3LB (reversal is 45.19).

HYG/LQD
Bearish long day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% minor retrace (0.7678). New low on daily 3LB (reversal is 0.7754).

COPPER
Spinning top day. Midpoint at EMA(10). Tested and held SMA(21). 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 592.52).

30YR YIELD
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% retrace (28.51). New low on daily 3LB (reversal is 27.89).

JPM (JP Morgan Chase)
-no change (below mid)
trend=down
low= 31.93; rev= 45.16; mid= 38.55

WFC (Wells Fargo)
-no change (above mid)
trend=no
direction=down (2 bars)
low= 30.16; rev= 34.14; mid= 32.15

IT HAS BEGUN. YOU HAVE BEEN WARNED.

AmenRa's Corner 7.11.12

"Whew that was close!"

Creditcane™: Even the Fed minutes indicates that there will not be any Fed stimulus.

SPX
Doji day. Midpoint below EMA(10). Tested and failed SMA(21,55). Tested and failed the 61.8% minor retrace (1343.55). New low on daily 3LB (reversal is 1354.68). QE2infinity.

DXY
Bullish short day (possible hammer but better reversal signal if a down day). Midpoint above EMA(10). Tested and held the 0.0% retrace (83.54). Still above all SMA's. New high on daily 3LB (reversal is 82.81).

VIX
Doji day. Midpoint below EMA(10). Tested and failed SMA(89). Tested and failed its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 16.80).

GOLD
Bullish short day. Midpoint below EMA(10). Still failing its 61.8% retrace (1600.40). Now failing all SMA's. No daily 3LB changes (reversal is 1634.20). Must have the precious.

EURUSD
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 0.0% minor retrace (1.2373). New low on daily 3LB (reversal is 1.2401).

JNK
Bullish short day (didn't confirm bearish engulfing). Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% retrace (38.86). New high on daily 3LB (reversal is 39.19).

10YR YIELD
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Tested and failed 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 failed its 38.2% minor retrace (86.56). No dally 3LB changes (reversal is 77.69).

SILVER
Spinning top day. Still 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
Bullish short day. Midpoint below EMA(10). Tested and held SMA(21,55). Still failing its 61.8% retrace (46.14). No daily 3LB changes (reversal is 46.08).

HYG/LQD
Bearish short day. Now failing all SMA's. Midpoint below EMA(10). Now failing its 38.2% minor retrace (0.7678). No daily 3LB changes (reversal is 0.7754).

COPPER
Bullish long day. Midpoint below EMA(10). Tested and held SMA(21). Tested and held its 61.8% minor retrace (3.430). No daily 3LB changes (reversal is 3.305).

AAPL
Bearish short 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 592.52).

AUDJPY
Bullish short day. Midpoint above EMA(10). Tested and held SMA(21,233). Holding above its 50.0% retrace (0.7978). No daily 3LB changes (reversal is 0.7914).

IT HAS BEGUN. YOU HAVE BEEN WARNED.