AmenRa's Corner 5/13/13




Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Tested and held the 0.0% retrace (1632.78). New high on daily 3LB (reversal is 1625.96). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.



DXY
Bullish short day. Midpoint above EMA(10). Holding above the 38.2% minor retrace (82.46). Still above all SMA's. New high on dally 3LB (reversal is 82.34).



VIX
Doji day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 61.8% minor retrace (16.45). New low on daily 3LB (reversal is 12.85).



GOLD
Bearish long day. Midpoint below EMA(10). Still failing its 61.8% minor retrace (1485.10). Tested and failed SMA(21). No daily 3LB changes (reversal is 1586.70). Must have the precious.



EURUSD
Spinning top day. Midpoint below EMA(10). Now failing all SMA's. Still failing its 38.2% retrace (1.3145). New low on daily 3LB (reversal is 1.3217).



JNK
Bearish long day. Midpoint below EMA(10). Tested and held SMA(21). Still failing its 0.0% retrace (41.86). No daily 3LB changes (reversal is 41.48).



10YR YIELD
Bullish short day. Now above all SMA's. Midpoint above EMA(10). Tested and failed its 61.8% minor retrace (19.37). New high on daily 3LB (reversal is 17.82).



WTI
Bearish short day. Tested and held SMA(89). Midpoint above EMA(10). Holding above its 61.8% minor retrace (94.01). No dally 3LB changes (reversal is 94.50).



SILVER
Bearish short day. Tested and held SMA(21). Midpoint below EMA(10). Holding above its 0.0% retrace (22.60). No daily 3LB changes (reversal is 22.86).



BKX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 0.0% retrace (58.85). New high on daily 3LB (reversal is 57.68).



HYG/LQD
Bearish long day. Still above all SMA's. Midpoint above EMA(10). Tested and failed its 38.2% retrace (0.7907). New low on daily 3LB (reversal is 0.7946).



COPPER
Bearish short day. Midpoint above EMA(10). Tested and failed SMA(55). Tested and held its 38.2% minor retrace (3.322). No daily 3LB changes (reversal is 3.080).



AAPL
Bullish short day. Tested and held SMA(89). Midpoint above EMA(10). Still failing its 61.8% retrace (463.72). Still failing BB(2,200). No daily 3LB changes (reversal is 445.52).



GSCI
Bullish short day. Midpoint below EMA(10). Tested and held SMA(144). Still failing its 38.2% retrace (31.71). No daily 3LB changes (reversal is 30.05).



IWM
Doji day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 0.0% retrace (96.93). No daily 3LB changes (reversal is 95.37).




IT HAS BEGUN. YOU HAVE BEEN WARNED.

4 comments:

AmenRa said...

http://ftalphaville.ft.com/2013/05/13/1498072/the-fed-can-keep-buying-for-a-while-if-it-wants-to/
The Fed can keep buying for a while, if it wants to

The “danger zone” referenced in the chart above by Lewis Alexander of Nomura is a kind of arbitrary area between the Fed’s owning 50 per cent of the outstanding stock of Treasuries in a certain category (and thus potentially starting to affect market liquidity) and the 70 per cent threshold at which the SOMA desk will stop buying outright.

As you can see, it will be a little while yet before the Fed approaches that threshold, even if it increases purchases to $65bn a month.

So the Hilsenrath article was BS?

AmenRa said...

Think 25,50,75 for SPX resistance. It held 1625 so next place for a pullback is 1650. It can't go up forever, right?

AmenRa said...

The beatings will continue until morale improves.

AmenRa said...

New.

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