AmenRa's Corner 8/22/13

Posted by AmenRa on Thursday, August 22, 2013 /



Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bullish long day. Midpoint below EMA(10). Tested and held SMA(55). Tested and held the 38.2% minor retrace (1656.00). No daily 3LB changes (reversal is 1661.32). Still failing lower trend line and RSI(14) below 50.



DXY
Spinning top day. Midpoint above EMA(10). Still failing the 61.8% minor retrace (81.96). Tested and failed SMA(21). No dally 3LB changes (reversal is 81.62).



VIX
Bearish short 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 13.41).



GOLD
Spinning top day. Midpoint above EMA(10). Tested and held its 50.0% minor retrace (1359.60). Tested and held SMA(89). No daily 3LB changes (reversal is 1294.10). Must have the precious.



EURUSD
Spinning top day. Midpoint above EMA(10). Tested and held SMA(21). Still failing its 50.0% retrace (1.3449). No daily 3LB changes (reversal is 1.3216).



JNK
Bullish long day. Midpoint below EMA(10). Still failing all SMA's. Tested and held 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). New high on daily 3LB (reversal is 27.55).



WTI
Bullish long day. Still failing SMA(21). Midpoint below EMA(10). Tested and held its 50.0% retrace (104.16). No dally 3LB changes (reversal is 102.94).



SILVER
Spinning top 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 short day. Now above all SMA's. Midpoint above EMA(10). Tested and held its 61.8% retrace (0.8137). Daily 3LB reversal up (reversal is 0.8112).



COPPER
Spinning top 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
Bullish short day. Still above all SMA's. Midpoint above EMA(10). Still failing its 50.0% retrace (509.60). Still failing BB(2,200). No daily 3LB changes (reversal is 489.57).



GSCI
Bearish 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). Holding above 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.

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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.