AmenRa's Corner 3/4/13




Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bullish short day. Midpoint above EMA(10). Tested and held SMA(21). Tested and held the 0.0% retrace (1524.69). Daily 3LB reversal up (reversal is 1487.85). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.



DXY
Bearish short day. Midpoint above EMA(10). Tested and failed the 38.2% minor retrace (82.46). Still above all SMA's. No dally 3LB changes (reversal is 81.46).



VIX
Bearish long day. Midpoint above EMA(10). Tested and failed SMA(21,55,89,144). Still failing its 61.8% minor retrace (17.12). Daily 3LB reversal down (reversal is 18.98).



GOLD
Bearish short day. Midpoint below EMA(10). Still failing its 61.8% retrace (1609.30). Still failing all SMA's. No daily 3LB changes (reversal is 1615.50). Must have the precious.



EURUSD
Spinning top day. Midpoint below EMA(10). Tested and held SMA(144). Still failing its 38.2% retrace (1.3138). No daily 3LB changes (reversal is 1.3172).



JNK
Spinning top day. Midpoint below EMA(10). Tested and held SMA(21). Holding above its 38.2% minor retrace (40.58). No daily 3LB changes (reversal is 40.55).



10YR YIELD
Bullish long day. Still failing SMA(55). Midpoint below EMA(10). Tested and held its 50.0% minor retrace (18.42). No daily 3LB changes (reversal is 20.19).



WTI
Bearish short day. Now failing all SMA's. Midpoint below EMA(10). Tested and held its 38.2% minor retrace (89.64). New low on dally 3LB (reversal is 92.63).



SILVER
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 61.8% minor retrace (30.25). No daily 3LB changes (reversal is 29.49).



BKX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21). Still failing its 0.0% retrace (55.79). No daily 3LB changes (reversal is 55.13).



HYG/LQD
Doji day. Tested and held SMA(55). Midpoint below EMA(10). Holding above its 61.8% minor retrace (0.7765). No daily 3LB changes (reversal is 0.7842).



COPPER
Doji day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 38.2% retrace (3.681). No daily 3LB changes (reversal is 3.569).



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). New low on daily 3LB (reversal is 450.50).



CCI
Bullish harami day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 50.0% retrace (547.13). No daily 3LB changes (reversal is 554.92).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

3 comments:

AmenRa said...

The Dow has taken out its 2007 highs (14198). What is wrong with this picture? If it wasn't for the Fed then what would be the current level of the Dow?

AmenRa said...

from http://www.zerohedge.com/news/2013-03-05/last-time-dow-was-here


* Dow Jones Industrial Average: Then 14164.5; Now 14164.5
* Regular Gas Price: Then $2.75; Now $3.73
* GDP Growth: Then +2.5%; Now +1.6%
* Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million
* Americans On Food Stamps: Then 26.9 million; Now 47.69 million
* Size of Fed's Balance Sheet: Then $0.89 trillion; Now $3.01 trillion
* US Debt as a Percentage of GDP: Then ~38%; Now 74.2%
* US Deficit (LTM): Then $97 billion; Now $975.6 billion
* Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion
* US Household Debt: Then $13.5 trillion; Now 12.87 trillion
* Labor Force Particpation Rate: Then 65.8%; Now 63.6%
* Consumer Confidence: Then 99.5; Now 69.6
* S&P Rating of the US: Then AAA; Now AA+
* VIX: Then 17.5%; Now 14%
* 10 Year Treasury Yield: Then 4.64%; Now 1.89%
* EURUSD: Then 1.4145; Now 1.3050
* Gold: Then $748; Now $1583
* NYSE Average LTM Volume (per day): Then 1.3 billion shares; Now 545 million shares

AmenRa said...

New.

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