AmenRa's Corner 5/20/13




Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Tested and failed the 0.0% retrace (1667.47). No daily 3LB changes (reversal is 1633.77). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.



DXY
Bearish long day. Midpoint above EMA(10). Tested and failed the 0.0% retrace (84.00). Still above all SMA's. No dally 3LB changes (reversal is 83.22).



VIX
Bearish short day. Midpoint above EMA(10). Still failing all SMA's. Still failing its 61.8% minor retrace (16.45). No daily 3LB changes (reversal is 13.07).



GOLD
Bullish short day. Midpoint below EMA(10). Holding above its 0.0% retrace (1335.10). Still below all SMA's. No daily 3LB changes (reversal is 1586.70). Must have the precious.



EURUSD
Bullish short day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 38.2% retrace (1.3145). No daily 3LB changes (reversal is 1.2973).



JNK
Spinning top day. Midpoint above EMA(10). Tested and held SMA(21). Still failing its 0.0% retrace (41.86). No daily 3LB changes (reversal is 41.94).



10YR YIELD
Bullish short day. Now above all SMA's. Midpoint above EMA(10). Tested and held its 61.8% minor retrace (19.37). New high on daily 3LB (reversal is 19.00).



WTI
Bullish short day. Now above all SMA's. Midpoint above EMA(10). Holding above its 61.8% minor retrace (94.01). Dally 3LB reversal up (reversal is 94.50).



SILVER
Bullish short day. Still failing all SMA's. Midpoint below EMA(10). Tested and held its 0.0% retrace (22.60). No daily 3LB changes (reversal is 24.19).



BKX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 0.0% retrace (61.20). New high on daily 3LB (reversal is 59.85).



HYG/LQD
Spinning top day. Still above all SMA's. Midpoint above EMA(10). Holding above its 38.2% retrace (0.7907). No daily 3LB changes (reversal is 0.7879).



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



AAPL
Bullish long day. Tested and held SMA(21,55). Midpoint below EMA(10). Still failing its 61.8% retrace (463.72). Still failing BB(2,200). No daily 3LB changes (reversal is 463.84).



GSCI
Bullish short day. Midpoint above EMA(10). Tested and failed SMA(55). Tested and held its 38.2% retrace (31.71). No daily 3LB changes (reversal is 30.05).



IWM
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 0.0% retrace (99.07). New high on daily 3LB (reversal is 98.00).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

3 comments:

AmenRa said...

A conundrum. Does the market go higher as the 10yr breaks above 2%? Or does the Fed inform the PD's to get the 10yr lower (at all costs)?

AmenRa said...

What a quick move lower. I guess we now know the answer.

AmenRa said...

New.

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