AmenRa's Corner 5/20/14




Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Still failing the 0.0% retrace (1897.28). No daily 3LB changes (reversal is 1815.69). Still failing lower trend line and RSI(14) back below 50.



DXY
Spinning top day. Midpoint above EMA(10). Still failing the 38.2% retrace (80.33). Tested and failed SMA(89). No dally 3LB changes (reversal is 79.41).



VIX
Spinning top day. Midpoint below EMA(10). Tested and failed SMA(21). Still failing its 61.8% minor retrace (16.45). No daily 3LB changes (reversal is 21.44).



GOLD
Bullish short day. Midpoint below EMA(10). Still failing its 61.8% minor retrace (1316.10). Tested and failed SMA(21,89). No daily 3LB changes (reversal is 1309.30). Must have the precious.



EURUSD
Bearish short day. Midpoint below EMA(10). Tested and held SMA(144). Still failing its 61.8% retrace (1.3749). New low on daily 3LB (reversal is 1.3889).



JNK
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (40.97). No daily 3LB changes (reversal is 41.38).



10YR YIELD
Bearish long day. Still failing all SMA's. Midpoint below EMA(10). Holding above its 50.0% retrace (24.92). No daily 3LB changes (reversal is 26.56).



WTI
Spinning top day. Still above all SMA's. Midpoint above EMA(10). Holding above its 38.2% retrace (99.10). No dally 3LB changes (reversal is 103.36).



SILVER
Bullish short day. Tested and failed SMA(21). Midpoint below EMA(10). Holding above its 0.0% retrace (18.60). No daily 3LB changes (reversal is 19.12).



BKX
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 38.2% minor retrace (67.42). No daily 3LB changes (reversal is 68.98).



HYG/LQD
Bearish short day. Tested and failed SMA(21). Midpoint above EMA(10). Holding above its 38.2% retrace (0.7907). No daily 3LB changes (reversal is 0.8014).



COPPER
Bearish short day. Midpoint above EMA(10). Tested and failed SMA(233). Tested and failed its 50.0% minor retrace (3.175). No daily 3LB changes (reversal is 3.336).



QQQ
Spinning top day. Midpoint above EMA(10). Tested and held SMA(55). Holding above its 38.2% minor retrace (87.07). No daily 3LB changes (reversal is 86.56).



GSCI
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21). Tested and failed its 38.2% minor retrace (33.48). New high on daily 3LB (reversal is 33.08).



IWM
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(233). Tested and held its 61.8% minor retrace (108.88). No daily 3LB changes (reversal is 111.96).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

1 comments:

AmenRa said...

New.

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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.