Amenra's Corner 9/3/13




Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bullish short day. Midpoint below EMA(10). Tested and failed SMA(89). Tested and failed the 50.0% minor retrace (1639.98). No daily 3LB changes (reversal is 1663.50). Still failing lower trend line and RSI(14) below 50.



DXY
Spinning top day. Midpoint above EMA(10). Tested and failed the 50.0% minor retrace (82.46). Tested and held SMA(55,144). New high on dally 3LB (reversal is 82.00).



VIX
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 61.8% minor retrace (16.45). No daily 3LB changes (reversal is 15.94).



GOLD
Bullish short day. Midpoint above EMA(10). Tested and held its 38.2% minor retrace (1392.20). Holding above SMA(89). No daily 3LB changes (reversal is 1371.00). Must have the precious.



EURUSD
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(55). Tested and held its 38.2% retrace (1.3151). New low on daily 3LB (reversal is 1.3421).



JNK
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and failed its 38.2% retrace (39.54). No daily 3LB changes (reversal is 39.73).



10YR YIELD
Bullish 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 29.01).



WTI
Bullish short day. Tested and held SMA(21). Midpoint above EMA(10). Tested and failed its 61.8% retrace (108.57). No dally 3LB changes (reversal is 110.10).



SILVER
Bullish long day. Tested and held SMA(144). Midpoint above EMA(10). Tested and held its 38.2% minor retrace (23.09). No daily 3LB changes (reversal is 23.38).



BKX
Doji day. Midpoint below EMA(10). Tested and held SMA(89). Tested and held its 38.2% minor retrace (62.12). No daily 3LB changes (reversal is 64.55).



HYG/LQD
Spinning top day. Still above all SMA's. Midpoint above EMA(10). Tested and failed its 61.8% retrace (0.8137). No daily 3LB changes (reversal is 0.8199).



COPPER
Bullish long day. Midpoint below EMA(10). Tested and held SMA(21). Tested and held its 38.2% minor retrace (3.274). No daily 3LB changes (reversal is 3.389).



AAPL
Bearish short day. Tested and held SMA(233). Midpoint below EMA(10). Still failing its 50.0% retrace (509.60). Still failing BB(2,200). No daily 3LB changes (reversal is 507.74).



GSCI
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% retrace (32.81). New high on daily 3LB (reversal is 33.29).



IWM
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(55,144). Still failing its 0.0% retrace (105.35). No daily 3LB changes (reversal is 102.11).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

3 comments:

AmenRa said...

http://finance.yahoo.com/news/p-calls-u-lawsuit-retaliation-195830423.html?l=1
S&P calls federal lawsuit 'retaliation' for U.S. downgrade

Yes it is. But the US lawsuit has value. S&P did inflate ratings to generate revenue. So did Moody's. But Moody's didn't downgrade the US.

AmenRa said...

http://www.bloomberg.com/news/2013-09-04/how-the-bank-lobby-loosened-u-s-reins-on-derivatives.html#disqus_thread
How the Bank Lobby Loosened U.S. Reins on Derivatives

Gensler's no hero but the financial industry wants to put the scarlet letter on him.

AmenRa said...

New.

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