AmenRa's Corner 4/17/13




Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and failed the 38.2% minor retrace (1554.55). New low on daily 3LB (reversal is 1593.37). QE2infinity. Still below 2 of 3 trend lines and RSI(14) back below 50.



DXY
Bullish long day. Midpoint below EMA(10). Tested and held the 38.2% minor retrace (82.46). Tested and held SMA(55). No dally 3LB changes (reversal is 83.18).



VIX
Bullish short day. Midpoint above EMA(10). Tested and held SMA(144). Tested and held its 61.8% minor retrace (16.45). No daily 3LB changes (reversal is 11.56).



GOLD
Bullish short day (confirmed bullish thrusting). Midpoint below EMA(10). Still failing its 100.0% retrace (1407.40). Still failing all SMA's. No daily 3LB changes (reversal is 1586.70). Must have the precious.



EURUSD
Bearish long day. Midpoint above EMA(10). Tested and failed SMA(55,89,144). Tested and failed its 38.2% retrace (1.3145). No daily 3LB changes (reversal is 1.3019).



JNK
Bearish harami day. Midpoint above EMA(10). Tested and held SMA(21). Holding above its 38.2% minor retrace (40.58). No daily 3LB changes (reversal is 40.92).



10YR YIELD
Doji day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% minor retrace (17.47). No daily 3LB changes (reversal is 18.39).



WTI
Bearish long day (confirmed bullish thrusting). Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% minor retrace (90.37). New low on dally 3LB (reversal is 92.70).



SILVER
Bearish short day (confirmed bullish thrusting). Still failing all SMA's. Midpoint below EMA(10). Holding above its 0.0% retrace (22.55). New low on daily 3LB (reversal is 26.76).



BKX
Bearish long day (didn't confirm bullish harami). Midpoint below EMA(10). Tested and failed SMA(55). Still failing its 0.0% retrace (57.33). Daily 3LB reversal down (reversal is 56.87).



HYG/LQD
Bullish short day. Still failing SMA(89). Midpoint below EMA(10). Holding above its 61.8% minor retrace (0.7765). No daily 3LB changes (reversal is 0.7794).



COPPER
Bearish long day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 38.2% minor retrace (3.326). New low on daily 3LB (reversal is 3.441).



AAPL
Bearish long day. Still failing all SMA's. Midpoint below EMA(10). Tested and failed its 38.2% minor retrace (406.99). Still failing BB(2,200). New low on daily 3LB (reversal is 427.72).



RBOB Gasoline
Bearish long day. Midpoint below EMA(10). Still below all SMA's. Tested and held its 50.0% retrace (2.72). New low on daily 3LB (reversal is 2.83).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

4 comments:

AmenRa said...

http://finance.yahoo.com/news/global-finance-leaders-discuss-imf-030432550.html?l=1
Global finance leaders to discuss IMF voting power reforms

Hint. Hint. IMF members want to reduce the power of the US and increase China and India.

AmenRa said...

No wonder $1552 on the SPX is resistance. $1552.87 is the high from March 2000.

AmenRa said...

The trendline using the 2000 & 2007 high is approx 1590 this month. SPX has failed the test so far.

AmenRa said...

New.

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