AmenRa's Corner 6/10/13




Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Spinning top day. Midpoint above EMA(10). Tested and failed SMA(21). Holding above the 38.2% minor retrace (1627.88). No daily 3LB changes (reversal is 1649.60). QE2infinity. Tested and held trend line and RSI(14) above 50.



DXY
Doji day. Midpoint below EMA(10). Tested and failed the 50.0% minor retrace (81.99). Still failing SMA(89). No dally 3LB changes (reversal is 83.01).



VIX
Bullish short day. Midpoint below EMA(10). Still above all SMA's. Still failing its 61.8% minor retrace (16.45). No daily 3LB changes (reversal is 14.48).



GOLD
Spinning top day. Midpoint below EMA(10). Holding above its 0.0% retrace (1335.60). Still failing SMA(21). No daily 3LB changes (reversal is 1587.20). Must have the precious.



EURUSD
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% retrace (1.3145). New high on daily 3LB (reversal is 1.3082).



JNK
Doji day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 61.8% minor retrace (40.43). No daily 3LB changes (reversal is 40.58).



10YR YIELD
Bullish short day. Still above all SMA's. Midpoint above EMA(10). Holding above its 61.8% minor retrace (19.37). New high on daily 3LB (reversal is 20.26).



WTI
Bearish thrusting day. Still above all SMA's. Midpoint above EMA(10). Holding above its 61.8% minor retrace (94.30). No dally 3LB changes (reversal is 91.97).



SILVER
Bullish thrusting day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 0.0% retrace (22.60). No daily 3LB changes (reversal is 22.66).



BKX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Still failing its 0.0% retrace (62.49). No daily 3LB changes (reversal is 62.64).



HYG/LQD
Spinning top day. Tested and held SMA(21). Midpoint above EMA(10). Tested and held its 38.2% retrace (0.7907). Daily 3LB reversal up (reversal is 0.7879).



COPPER
Hammer day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 38.2% minor retrace (3.332). No daily 3LB changes (reversal is 3.132).



AAPL
Bearish short day. Tested and failed SMA(89). 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
Bearish harami day. Midpoint above EMA(10). Tested and failed SMA(55). Still failing its 38.2% retrace (31.71). No daily 3LB changes (reversal is 30.05).



IWM
Bullish short day. Midpoint above EMA(10). Tested and held SMA(21,144). Still failing its 0.0% retrace (99.07). No daily 3LB changes (reversal is 99.21).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

5 comments:

AmenRa said...

BoJ says no more free money and futures puke. Got to have their fix.

AmenRa said...

I got a feeling,
I got a feeling,
I got a feeling brothers,
Bulls are being led to slaughter.

AmenRa said...

I see the bond market told the Fed that selling was about to commence. Next thing you know the 10yr closed down 74bps from todays high. But the 10yr is still very close to 2.2% so expect to see the same thing tomorrow.

AmenRa said...

Funny how "Turnaround Tuesdays" turned around when Bloomberg & CNBC started talking about it.

AmenRa said...

New.

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