AmenRa's Corner 5/29/14




Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Tested and held the 0.0% retrace (1914.46). New high on daily 3LB (reversal is 1897.45). Still failing lower trend line and RSI(14) above 50.



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



VIX
Doji day. Midpoint below EMA(10). Still failing all SMA's. Tested and held its 0.0% retrace (11.50). No daily 3LB changes (reversal is 12.23).



GOLD
Bearish short day. Midpoint below EMA(10). Still failing its 61.8% minor retrace (1316.10). Still failing all SMA's. New low on daily 3LB (reversal is 1287.60). Must have the precious.



EURUSD
Bullish piercing day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 61.8% retrace (1.3749). No daily 3LB changes (reversal is 1.3678).



JNK
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (40.97). New high on daily 3LB (reversal is 41.43).



10YR YIELD
Bullish piercing day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 50.0% retrace (24.92). No daily 3LB changes (reversal is 26.23).



WTI
Bullish short day. Still above all SMA's. Midpoint above EMA(10). Tested and held its 50.0% retrace (103.49). No dally 3LB changes (reversal is 96.43).



SILVER
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Holding above its 0.0% retrace (18.60). New low on daily 3LB (reversal is 19.77).



BKX
Doji day. Midpoint above EMA(10). Tested and held SMA(144). Holding above its 38.2% minor retrace (67.42). No daily 3LB changes (reversal is 68.98).



HYG/LQD
Bullish long day. Still failing all SMA's. Midpoint below EMA(10). Tested and held its 38.2% retrace (0.7907). No daily 3LB changes (reversal is 0.8014).



COPPER
Bearish long 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
Bullish short day (didn't confirm bearish harami). Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (87.07). New high on daily 3LB (reversal is 89.23).



GSCI
Bullish long day. Midpoint below EMA(10). Tested and held SMA(21,144). Still failing its 38.2% minor retrace (33.48). No daily 3LB changes (reversal is 33.60).



IWM
Doji day (didn't confirm bearish harami). Midpoint above EMA(10). Tested and failed SMA(55). Tested and held its 38.2% minor retrace (112.63). No daily 3LB changes (reversal is 108.88).







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.