AmenRa's Corner 7/17/13

Posted by AmenRa on Wednesday, July 17, 2013 /



Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above the 0.0% retrace (1674.93). No daily 3LB changes (reversal is 1652.62). Holding above lower trend line and RSI(14) above 50.



DXY
Spinning top day (bullish harami?). Midpoint below EMA(10). Tested and failed the 38.2% minor retrace (82.96). Tested and failed SMA(21,55,89). New low on dally 3LB (reversal is 84.45).



VIX
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 61.8% minor retrace (16.45). Daily 3LB reversal down (reversal is 14.42).



GOLD
Bearish long day. Midpoint above EMA(10). Holding above its 0.0% retrace (1221.00). Tested and held SMA(21). No daily 3LB changes (reversal is 1229.80). Must have the precious.



EURUSD
Spinning top day. Midpoint above EMA(10). Tested and failed SMA(144). Tested and failed its 38.2% retrace (1.3151). No daily 3LB changes (reversal is 1.2790).



JNK
Bullish long day (didn't confirm bearish harami). Midpoint above EMA(10). Holding above SMA(21). Tested and held its 61.8% minor retrace (40.43). New high on daily 3LB (reversal is 40.13).



10YR YIELD
Bearish long day. Tested and failed SMA(21). Midpoint below EMA(10). Tested and failed its 50.0% retrace (24.92). Daily 3LB reversal down (reversal is 27.15).



WTI
Bullish short day. Still above all SMA's. Midpoint above EMA(10). Holding above its 50.0% retrace (104.37). No dally 3LB changes (reversal is 101.24).



SILVER
Bearish long day. Tested and failed SMA(21). Midpoint below EMA(10). Holding above its 0.0% retrace (18.45). No daily 3LB changes (reversal is 18.55).



BKX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 0.0% retrace (64.67). No daily 3LB changes (reversal is 63.94).



HYG/LQD
Bullish long day (didn't confirm bearish harami). Still above all SMA's. Midpoint above EMA(10). Tested and held its 61.8% retrace (0.8137). New high on daily 3LB (reversal is 0.8002).



COPPER
Bearish long day. Midpoint above EMA(10). Holding above SMA(21). Holding above its 0.0% retrace (3.042). No daily 3LB changes (reversal is 3.380).



AAPL
Spinning top day. Tested and failed SMA(89). Midpoint above EMA(10). Holding above its 38.2% minor retrace (406.99). Still failing BB(2,200). New high on daily 3LB (reversal is 427.29).



GSCI
Hanging man day (prefer lower close hanging man). Midpoint above EMA(10). Still above all SMA's. Tested and held its 61.8% retrace (32.81). New high on daily 3LB (reversal is 32.56).



IWM
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 0.0% retrace (103.68). No daily 3LB changes (reversal is 101.28).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

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This blog should not be interpreted as investment advice of any kind. The authors are NOT representing themselves CTAs or CFAs or Investment/Trading Advisor of any kind. The authors may or may not trade in the markets discussed. The authors may hold positions opposite of what may by inferred by this blog.The information contained in this blog is taken from sources the authors believes to be reliable, but it is not guaranteed by the authors as to the accuracy or completeness thereof and is presented here for information purposes only. Commodity trading involves risk and is not for everyone.