AmenRa's Corner 4/5/13




Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(21). Still failing the 0.0% retrace (1570.28). New low on daily 3LB (reversal is 1570.25). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.



DXY
Bearish short day. Midpoint below EMA(10). Holding above the 38.2% minor retrace (82.46). Tested and failed SMA(21). No dally 3LB changes (reversal is 82.13).



VIX
Bearish long day. Midpoint above EMA(10). Tested and failed SMA(89,144). Holding above its 0.0% retrace (11.50). No daily 3LB changes (reversal is 11.30).



GOLD
Bullish 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 1579.60). Must have the precious.



EURUSD
Bullish short day. Midpoint above EMA(10). Tested and held SMA(21). Holding above its 61.8% minor retrace (1.2770). New high on daily 3LB (reversal is 1.2782).



JNK
Bullish piercing day. Midpoint below EMA(10). Tested and held SMA(89). Holding above its 38.2% minor retrace (40.58). No daily 3LB changes (reversal is 41.01).



10YR YIELD
Bearish long day. Now failing all SMA's. Midpoint below EMA(10). Tested and failed its 38.2% minor retrace (17.47). New low on daily 3LB (reversal is 18.39).



WTI
Bearish short day. Tested and failed SMA(144,233). Midpoint below EMA(10). Still failing its 61.8% minor retrace (93.72). New low on dally 3LB (reversal is 96.58).



SILVER
Bullish short day. Still failing all SMA's. Midpoint below EMA(10). Tested and held its 100.0% retrace (26.91). No daily 3LB changes (reversal is 27.95).



BKX
Bullish short day. Midpoint below EMA(10). Tested and held SMA(55). Still failing its 0.0% retrace (57.33). No daily 3LB changes (reversal is 56.28).



HYG/LQD
Hammer day (better signal if it's an up day). Still failing SMA(89). Midpoint below EMA(10). Tested and held its 61.8% minor retrace (0.7765). New low on daily 3LB (reversal is 0.7831).



COPPER
Spinning top day (didn't confirm bullish piercing). Midpoint below EMA(10). Still failing all SMA's. Holding above its 38.2% minor retrace (3.308). No daily 3LB changes (reversal is 3.405).



AAPL
Bearish short 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 461.91).



CCI
Bullish short day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 50.0% retrace (547.13). No daily 3LB changes (reversal is 548.32).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

4 comments:

AmenRa said...

Weekly 3LB Update 4/5/13

AmenRa said...

Portugal's Supreme Court said some the austerity measures implemented by the Troika are unconstitutional.

The response didn't take long: http://www.zerohedge.com/news/2013-04-07/european-commission-threatens-portugal-get-your-constitutional-court-line
European Commission 'Threatens' Portugal - Get Your Constitutional Court In Line

AmenRa said...

Even after a horrendous NFP it appears that nothing can stop the bulls. Patience young padawan.

AmenRa said...

New.

Post a Comment

Disclosure/Warning

This blog should not be interpreted as investment advice of any kind. The authors are NOT representing themselves CTAs or CFAs or Investment/Trading Advisor of any kind. The authors may or may not trade in the markets discussed. The authors may hold positions opposite of what may by inferred by this blog.The information contained in this blog is taken from sources the authors believes to be reliable, but it is not guaranteed by the authors as to the accuracy or completeness thereof and is presented here for information purposes only. Commodity trading involves risk and is not for everyone.