AmenRa's Corner 8/8/13




Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bullish short day. Midpoint above EMA(10). Tested and held SMA(21). Still failing the 0.0% retrace (1707.85). No daily 3LB changes (reversal is 1709.67). Tested and held lower trend line and RSI(14) above 50.



DXY
Bearish short 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 81.77).



VIX
Bullish short day (ironically it confirmed the shooting star). Midpoint below EMA(10). Tested and failed SMA(21). Still failing its 61.8% minor retrace (16.45). No daily 3LB changes (reversal is 11.84).



GOLD
Bullish long day. Midpoint below EMA(10). Still failing its 61.8% minor retrace (1326.90). Tested and held SMA(21). No daily 3LB changes (reversal is 1337.20). Must have the precious.



EURUSD
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% retrace (1.3151). Daily 3LB reversal up (reversal is 1.3216).



JNK
Bullish short 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 40.15).



10YR YIELD
Bearish short day. Tested and held SMA(21). Midpoint below EMA(10). Holding above its 50.0% retrace (24.92). No daily 3LB changes (reversal is 24.88).



WTI
Spinning top day. Still failing SMA(21). Midpoint below EMA(10). Tested and failed its 50.0% retrace (104.24). No dally 3LB changes (reversal is 103.08).



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



BKX
Spinning top day. Midpoint below EMA(10). Tested and failed SMA(21). Still failing its 0.0% retrace (66.99). No daily 3LB changes (reversal is 65.39).



HYG/LQD
Bearish short day. Holding above SMA(55). Midpoint below EMA(10). Holding above its 50.0% retrace (0.8022). New low on daily 3LB (reversal is 0.8089).



COPPER
Bullish long day. Midpoint above EMA(10). Tested and held SMA(89). Holding above its 0.0% retrace (3.042). No daily 3LB changes (reversal is 3.380).



AAPL
Bearish short day. Holding above SMA(144). Midpoint above EMA(10). Tested and failed its 61.8% retrace (463.72). Still failing BB(2,200). No daily 3LB changes (reversal is 453.32).



GSCI
Hammer day. Midpoint below EMA(10). Tested and held SMA(55). Tested and held its 38.2% retrace (31.71). No daily 3LB changes (reversal is 32.90).



IWM
Spinning top day. Midpoint below EMA(10). Tested and failed SMA(144) but held SMA(21). Still failing its 0.0% retrace (105.35). No daily 3LB changes (reversal is 105.52).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

3 comments:

AmenRa said...

Nice read: http://www.dallasfed.org/news/speeches/fisher/2013/fs130626.cfm
Correcting ‘Dodd–Frank’ to Actually End ‘Too Big to Fail’

AmenRa said...

The more I think about it I realize the Fed will not taper. After what happened in June the Fed is terrified. So instead of actually tapering they'll spend more time "talking" about tapering. That will keep the market in limbo and show them who's the boss. There is no way for the Fed to sell its MBS or agency debt w/o repercussions. IMHO.

AmenRa said...

New.

Post a Comment

Disclosure/Warning

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.