AmenRa's Corner 5/7/13

"Dear Bears...we've come for you. As long as Bernanke does our bidding you can never escape us."

Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.

SPX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held the 0.0% retrace (1619.77). New high on daily 3LB (reversal is 1597.59). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.



DXY
Hanging man day. Midpoint above EMA(10). Holding above the 50.0% minor retrace (81.99). Tested and failed SMA(21). No dally 3LB changes (reversal is 81.65).



VIX
Bullish short day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 61.8% minor retrace (16.45). No daily 3LB changes (reversal is 17.55).



GOLD
Bearish long day. Midpoint above 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
Doji day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and failed its 38.2% retrace (1.3145). No daily 3LB changes (reversal is 1.2995).



JNK
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 0.0% retrace (41.77). No daily 3LB changes (reversal is 41.48).



10YR YIELD
Bullish short day. Holding above SMA(21). Midpoint above EMA(10). Holding above its 38.2% minor retrace (17.47). New high on daily 3LB (reversal is 16.39).



WTI
Spinning top day. Still above all SMA's. Midpoint above EMA(10). Holding above its 61.8% minor retrace (94.01). No dally 3LB changes (reversal is 93.64).



SILVER
Doji day. Still failing all SMA's. Midpoint below EMA(10). Holding above its 0.0% retrace (22.55). No daily 3LB changes (reversal is 22.86).



BKX
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 0.0% retrace (57.70). New high on daily 3LB (reversal is 56.88).



HYG/LQD
Bearish short day. Still above all SMA's. Midpoint above EMA(10). Holding above its 38.2% retrace (0.7907). New high on daily 3LB (reversal is 0.7838).



COPPER
Spinning top day. Midpoint above EMA(10). Holding above SMA(21). Tested and failed its 38.2% minor retrace (3.322). No daily 3LB changes (reversal is 3.080).



AAPL
Bearish short day. Tested and held SMA(89). Midpoint above EMA(10). Tested and failed its 61.8% retrace (463.72). Still failing BB(2,200). No daily 3LB changes (reversal is 442.78).



GSCI
Bearish short day. Midpoint above EMA(10). Holding above SMA(21). Holding above its 61.8% minor retrace (31.04). No daily 3LB changes (reversal is 30.05).

IT HAS BEGUN. YOU HAVE BEEN WARNED.