AmenRa's Corner 5/22/13

"Let's eat!!!"


Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bearish engulfing 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 1650.34). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.



DXY
Bullish long day. Midpoint above EMA(10). Tested and held the 0.0% retrace (84.00). Still above all SMA's. New high on dally 3LB (reversal is 83.61).



VIX
Spinning top day. Midpoint above EMA(10). Tested and held SMA(21,55,89). Still failing its 61.8% minor retrace (16.45). New high on daily 3LB (reversal is 12.45).



GOLD
Spinning top 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
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(21,55). Still failing its 38.2% retrace (1.3145). No daily 3LB changes (reversal is 1.2973).



JNK
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(21). Still failing its 0.0% retrace (41.86). No daily 3LB changes (reversal is 41.94).



10YR YIELD
Bullish LONG day. Still 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 19.23).



WTI
Bearish long day. Tested and failed SMA(21,89). Midpoint above EMA(10). Tested and failed its 61.8% minor retrace (94.30). Dally 3LB reversal down (reversal is 96.93).



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



BKX
Bearish engulfing day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 0.0% retrace (61.70). No daily 3LB changes (reversal is 60.51).



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 0.7908).



COPPER
Bullish long day. Midpoint above EMA(10). Tested and held SMA(55). Tested and failed its 50.0% minor retrace (3.403). New high on daily 3LB (reversal is 3.132).



AAPL
Bearish short day. Tested and failed 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 463.84).



GSCI
Doji day. Midpoint below EMA(10). Tested and failed SMA(21,144). Still failing its 38.2% retrace (31.71). No daily 3LB changes (reversal is 30.05).



IWM
Bearish engulfing day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 0.0% retrace (99.07). Daily 3LB reversal down (reversal is 99.23).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

3 comments:

AmenRa said...

See what happens when the 10yr gets over 2%. All of that QE and it couldn't hold the yield down. The 10yr will probably finish today around 1.85%.

AmenRa said...

Looks like the 10yr is ignoring the Fed. Amazingly the Dow is now positive on the day with the SPX not far behind. Should've known the bears would wuss out when they had the bulls ready to tap out.

AmenRa said...

New.

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