AmenRa's Corner 4/10/13




Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bullish long day. Midpoint above EMA(10). Now above all SMA's. Tested and held the 0.0% retrace (1573.89). Daily 3LB reversal up (reversal is 1553.28). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.



DXY
Bullish short day. Midpoint below EMA(10). Tested and held the 38.2% minor retrace (82.46). Still failing SMA(21). No dally 3LB changes (reversal is 82.13).



VIX
Bearish short day. Midpoint below EMA(10). Now failing all SMA's. Holding above its 0.0% retrace (11.50). No daily 3LB changes (reversal is 11.30).



GOLD
Bearish long day. Midpoint below EMA(10). Still failing its 61.8% retrace (1610.90). Still failing all SMA's. No daily 3LB changes (reversal is 1552.40). Must have the precious.



EURUSD
Bearish short day. Midpoint above EMA(10). Tested and failed SMA(144). Holding above its 61.8% minor retrace (1.2770). No daily 3LB changes (reversal is 1.2865).



JNK
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21). Holding above its 38.2% minor retrace (40.58). Daily 3LB reversal up (reversal is 40.84).



10YR YIELD
Bullish long day. Tested and held SMA(144). Midpoint below EMA(10). Holding above its 38.2% minor retrace (17.47). No daily 3LB changes (reversal is 18.39).



WTI
Bullish short day. Tested and held SMA(21). Midpoint below EMA(10). Tested and held its 61.8% minor retrace (93.72). No dally 3LB changes (reversal is 96.58).



SILVER
Bearish short day. Still failing all SMA's. Midpoint above EMA(10). Holding above its 100.0% retrace (26.91). No daily 3LB changes (reversal is 27.95).



BKX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21). Still failing its 0.0% retrace (57.33). Daily 3LB reversal up (reversal is 54.68).



HYG/LQD
Bullish long day. Tested and held SMA(89). Midpoint below EMA(10). Holding above its 61.8% minor retrace (0.7765). No daily 3LB changes (reversal is 0.7831).



COPPER
Bearish short day. Midpoint above EMA(10). Tested and failed SMA(21). Holding above its 50.0% minor retrace (3.381). No daily 3LB changes (reversal is 3.333).



AAPL
Bullish 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 461.91).



CCI
Bearish short 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 542.91).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

4 comments:

AmenRa said...

http://www.spiegel.de/international/business/interview-with-harvard-economist-carmen-reinhart-on-financial-repression-a-893213.html
Harvard Economist: 'The Crisis Isn't Over in the US or Europe'

SPIEGEL: Ms. Reinhart, central banks around the world are flooding the markets with cheap money in order to spur economies and support governments. Are these institutions losing their independence?

Reinhart: No central bank will admit it is keeping rates low to help governments out of their debt crises. But in fact they are bending over backwards to help governments to finance their deficits. This is nothing new in history. After World War II, there was a long phase in which central banks were subservient to governments. It has only been since the 1970s that they have become politically more independent. The pendulum seems to be swinging back as a result of the financial crisis.

SPIEGEL: Is that true of the European Central Bank as well?

Reinhart: Less than for other central banks, but yes. And the crisis isn't over yet -- not in the United States and not in Europe.

SPIEGEL: But the danger of such a central bank policy is already well known: It can lead to high inflation.

Reinhart: True. But it is certainly more difficult for a central banker to raise interest rates with a debt to gross domestic product ratio of over 100 percent than it is when this ratio stands at 39 percent. Therefore, I believe the shift towards less independence of monetary policy is not just a temporary change.

AmenRa said...

Ruh Roh. Trouble in paradise?

http://www.nakedcapitalism.com/2013/04/has-walmart-been-engaging-in-large-scale-accounting-fraud.html
Has Walmart Been Engaging in Large Scale Accounting Fraud?

AmenRa said...

NYSE Tick had a range of +/- 140 in the first five minutes. Very weird.

AmenRa said...

New.

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