AmenRa's Corner 10/9/13

Posted by AmenRa on Wednesday, October 9, 2013 /



Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Doji day. Midpoint below EMA(10). Tested and failed SMA(89). Tested and failed the 50.0% minor retrace (1657.44). No daily 3LB changes (reversal is 1681.55). Still failing lower trend line and RSI(14) below 50.



DXY
Bullish long day. Midpoint below EMA(10). Tested and held the 38.2% retrace (80.33). Tested and failed SMA(21). Dally 3LB reversal up (reversal is 79.73).



VIX
Bearish harami day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 38.2% minor retrace (19.50). No daily 3LB changes (reversal is 16.60). Still above weekly 3LB reversal price (18.89).



GOLD
Bearish 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
Bearish short day. Midpoint above EMA(10). Tested and held SMA(21). Holding above its 50.0% retrace (1.3453). Daily 3LB reversal down (reversal is 1.3624).



JNK
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(21,89). Holding above its 38.2% retrace (39.54). No daily 3LB changes (reversal is 39.42).



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



WTI
Bearish long day. Tested and failed SMA(89). Midpoint below EMA(10). Tested and failed its 50.0% retrace (103.49). Dally 3LB reversal down (reversal is 104.10).



SILVER
Bearish long day. Tested and failed SMA(21,55). Midpoint above EMA(10). Still failing its 38.2% minor retrace (23.09). No daily 3LB changes (reversal is 23.29).



BKX
Spinning top day (bullish harami?). Midpoint below EMA(10). Tested and held SMA(144). Still failing its 38.2% minor retrace (62.12). No daily 3LB changes (reversal is 64.68).



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



COPPER
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21,55,144). Tested and failed its 50.0% minor retrace (3.232). 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
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(89). Tested and held its 50.0% retrace (32.26). No daily 3LB changes (reversal is 31.88).



IWM
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(55). Tested and held its 38.2% minor retrace (103.15). New low on daily 3LB (reversal is 107.85).







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.