AmenRa's Corner 8/20/13




Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bullish harami day. Midpoint below EMA(10). Tested and failed SMA(55). Tested and failed the 38.2% minor retrace (1656.00). No daily 3LB changes (reversal is 1685.39). Still failing lower trend line and RSI(14) below 50.



DXY
Bearish long day. Midpoint below EMA(10). Still failing the 61.8% minor retrace (81.96). Still failing all SMA's. New low on dally 3LB (reversal is 81.62).



VIX
Hanging man day. Midpoint above EMA(10). Tested and failed SMA(55). Still failing its 61.8% minor retrace (16.45). No daily 3LB changes (reversal is 12.98).



GOLD
Bullish short day. Midpoint above EMA(10). Tested and held its 50.0% minor retrace (1359.60). Tested and held SMA(89). New high on daily 3LB (reversal is 1294.10). Must have the precious.



EURUSD
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 50.0% retrace (1.3449). New high on daily 3LB (reversal is 1.3216).



JNK
Bullish long day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 38.2% retrace (39.54). No daily 3LB changes (reversal is 39.73).



10YR YIELD
Bearish short day. Still above all SMA's. Midpoint above EMA(10). Holding above its 61.8% retrace (27.41). No daily 3LB changes (reversal is 27.23).



WTI
Bearish long day. Tested and failed SMA(21). Midpoint below EMA(10). Holding above its 50.0% retrace (104.16). No dally 3LB changes (reversal is 102.94).



SILVER
Doji day. Holding above SMA(89). Midpoint above EMA(10). Tested and failed its 38.2% minor retrace (23.09). No daily 3LB changes (reversal is 21.34).



BKX
Bullish long day. Midpoint below EMA(10). Still failing SMA(21). Still failing its 0.0% retrace (66.99). No daily 3LB changes (reversal is 65.33).



HYG/LQD
Bullish long day. 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 0.8126).



COPPER
Bullish short day. Midpoint above EMA(10). Tested and failed SMA(144). Holding above its 0.0% retrace (3.042). No daily 3LB changes (reversal is 3.380).



AAPL
Bearish short day. Still above all SMA's. Midpoint above EMA(10). Tested and failed its 50.0% retrace (509.60). Still failing BB(2,200). No daily 3LB changes (reversal is 489.57).



GSCI
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 61.8% retrace (32.81). No daily 3LB changes (reversal is 32.04).



IWM
Bullish long day. Midpoint below EMA(10). Tested and held SMA(55). Still failing its 0.0% retrace (105.35). No daily 3LB changes (reversal is 103.72).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

2 comments:

AmenRa said...

Existing Home Sales 5.39, consensus 5.10, prior 5.06
Tapering back on for now but the Fed minutes may flip the switch back to tapering off.

AmenRa said...

New.

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