Amenra's Corner 10/7/13

Posted by AmenRa on Tuesday, October 8, 2013 /



Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(55). Tested and held the 38.2% minor retrace (1674.44). New low on daily 3LB (reversal is 1704.76). Still failing lower trend line and RSI(14) below 50.



DXY
Bearish short day. Midpoint below EMA(10). Still failing the 38.2% retrace (80.33). Still failing all SMA's. No dally 3LB changes (reversal is 80.22).



VIX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 50.0% minor retrace (17.98). New high on daily 3LB (reversal is 15.46).



GOLD
Bullish short day. Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (1326.90). Tested and failed SMA(21). No daily 3LB changes (reversal is 1369.30). Must have the precious.



EURUSD
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 50.0% retrace (1.3453). No daily 3LB changes (reversal is 1.3530).



JNK
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(21,55). Holding above its 38.2% retrace (39.54). No daily 3LB changes (reversal is 39.42).



10YR YIELD
Bearish short day. Tested and held SMA(89). Midpoint below EMA(10). Still failing its 61.8% retrace (27.41). No daily 3LB changes (reversal is 27.08).



WTI
Bearish short day. Tested and held SMA(89). Midpoint below EMA(10). Tested and failed its 50.0% retrace (103.49). No dally 3LB changes (reversal is 102.04).



SILVER
Bullish long day. Tested and held SMA(55). Midpoint above EMA(10). Still failing its 38.2% minor retrace (23.09). No daily 3LB changes (reversal is 23.29).



BKX
Bearish long day. Midpoint below EMA(10). Still failing SMA(21,55,89). Tested and failed its 38.2% minor retrace (62.12). Daily 3LB reversal down (reversal is 64.68).



HYG/LQD
Spinning top day. Tested and failed SMA(89). Midpoint below EMA(10). Still failing its 61.8% retrace (0.8137). No daily 3LB changes (reversal is 0.8034).



COPPER
Spinning top day. Midpoint above EMA(10). Tested and held SMA(21,144). Tested and held its 38.2% minor retrace (3.274). No daily 3LB changes (reversal is 3.389).



AAPL
Bullish short day. Still above all SMA's. Midpoint above EMA(10). Holding above its 61.8% retrace (463.72). Still failing BB(2,200). No daily 3LB changes (reversal is 450.12).



GSCI
Bullish short day. Midpoint above EMA(10). Tested and held SMA(89,144,233). Tested and held its 38.2% retrace (32.26). Daily 3LB reversal up (reversal is 31.88).



IWM
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(21). Still failing its 0.0% retrace (107.61). No daily 3LB changes (reversal is 105.04).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

2 comments:

AmenRa said...

So President Obama will nominate Vice Chairman Yellen to Chairman of the Fed. At 3pm tomorrow (the last hour of trading). Figures. The market believes she'll continue Bernanke QE and possibly increase it. Now if you believe you know what a woman is thinking you've already lost. Just sayin'

October 8, 2013 at 8:03 PM
AmenRa said...

New.

October 8, 2013 at 9:40 PM

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