AmenRa's Corner 2/4/13




Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bearish engulfing day. Midpoint above EMA(10). Still above all SMA's. Tested and failed the 0.0% retrace (1509.94). No daily 3LB changes (reversal is 1494.82). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.



DXY
Bullish long day. Midpoint below EMA(10). Still failing the 38.2% retrace (79.97). Still failing all SMA's. No dally 3LB changes (reversal is 80.61).



VIX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21). Holding above its 0.0% retrace (12.29). New high on daily 3LB (reversal is 12.46).



GOLD
Bullish short day. Midpoint above EMA(10). Tested and held its 50.0% retrace (1672.20). Tested and held SMA(21,233). No daily 3LB changes (reversal is 1695.70). Must have the precious.



EURUSD
Bearish long day. Midpoint above EMA(10). Still above all SMA's. Holding above its 50.0% retrace (1.3436). No daily 3LB changes (reversal is 1.3491).



JNK
Bearish short day. Midpoint below EMA(10). Tested and held SMA(89). Still failing its 100.0% retrace (40.86). New low on daily 3LB (reversal is 40.87).



10YR YIELD
Bearish short day. Still above all SMA's. Midpoint above EMA(10). Holding above its 61.8% minor retrace (19.37). No daily 3LB changes (reversal is 19.73).



WTI
Bearish long day. Still above all SMA's. Midpoint above EMA(10). Still failing its 38.2% retrace (98.18). No dally 3LB changes (reversal is 96.04).



SILVER
Bearish short day. Tested and held SMA(144). Midpoint above EMA(10). Holding above its 50.0% minor retrace (31.30). No daily 3LB changes (reversal is 29.67).



BKX
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 100.0% retrace (54.29). No daily 3LB changes (reversal is 53.91).



HYG/LQD
Bearish short day. Tested and failed SMA(21). Midpoint below EMA(10). Still failing its 38.2% retrace (0.7907). Daily 3LB reversal down (reversal is 0.7901).



COPPER
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% retrace (3.681). No daily 3LB changes (reversal is 3.605).



AAPL
Bearish long day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 61.8% retrace (463.72). Still failing BB(2,200). No daily 3LB changes (reversal is 501.75).



CCI
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 61.8% minor retrace (570.80). No daily 3LB changes (reversal is 561.75).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

3 comments:

AmenRa said...

Amazing how the market is trying to undo yesterdays beatdown.

AmenRa said...

Back tomorrow. Got busy late in the afternoon.

AmenRa said...

New.

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