AmenRa's Corner 9/17/13

Posted by AmenRa on Tuesday, September 17, 2013 /
FOMC MEETING IN PROGRESS...


Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Holding above the 38.2% minor retrace (1656.00). New high on daily 3LB (reversal is 1683.99). Still failing lower trend line and RSI(14) back 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 81.52).



VIX
Spinning top day. Midpoint below EMA(10). Tested and held SMA(55,144). Still failing its 61.8% minor retrace (16.45). No daily 3LB changes (reversal is 15.77).



GOLD
Bearish short day. Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (1326.90). Tested and failed SMA(55). No daily 3LB changes (reversal is 1364.80). Must have the precious.



EURUSD
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% retrace (1.3155). No daily 3LB changes (reversal is 1.3395).



JNK
Bullish short day. Midpoint above EMA(10). Tested and held SMA(55). Holding above its 38.2% retrace (39.54). New high on daily 3LB (reversal is 39.15).



10YR YIELD
Spinning top day. Tested and failed SMA(21). Midpoint below EMA(10). Holding above its 61.8% retrace (27.41). No daily 3LB changes (reversal is 27.21).



WTI
Bearish short day. Tested and failed SMA(55). Midpoint below EMA(10). Still failing its 61.8% retrace (108.48). New low on dally 3LB (reversal is 110.53).



SILVER
Bearish short day. Still failing SMA(21). Midpoint below EMA(10). Still failing its 38.2% minor retrace (23.09). No daily 3LB changes (reversal is 23.25).



XLF
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (19.47). New high on daily 3LB (reversal is 20.26).



HYG/LQD
Spinning top day. Still above all SMA's. Midpoint above EMA(10). Holding above its 61.8% retrace (0.8137). New high on daily 3LB (reversal is 0.8034).



COPPER
Spinning top day. Midpoint below EMA(10). Tested and held SMA(55). Tested and failed its 50.0% minor retrace (3.232). No daily 3LB changes (reversal is 3.389).



AAPL
Bullish thrusting day. Tested and held 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 487.22).



GSCI
Bearish LONG day. Midpoint below EMA(10). Tested and failed SMA(55). Tested and failed its 61.8% retrace (32.81). New low on daily 3LB (reversal is 34.05).



IWM
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 0.0% retrace (105.63). New high on daily 3LB (reversal is 104.96).







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.