AmenRa's Corner 8/21/14




Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held the 0.0% retrace (1991.39). New high on daily 3LB (reversal is 1971.74). Still failing lower trend line and RSI(14) above 50.



DXY
Bearish short day. Midpoint above EMA(10). Holding above the 61.8% minor retrace (81.96). Still above all SMA's. No dally 3LB changes (reversal is 81.54).



VIX
Spinning top day. Midpoint below EMA(10). Tested and failed SMA(55,89). Still failing its 61.8% minor retrace (16.45). No daily 3LB changes (reversal is 10.61).



GOLD
Bearish long day. Midpoint below EMA(10). Still failing its 61.8% minor retrace (1319.20). Tested and failed SMA(233). Daily 3LB reversal down (reversal is 1315.70). Must have the precious.



EURUSD
Bullish short day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 50.0% retrace (1.3455). No daily 3LB changes (reversal is 1.3413).



JNK
Bearish short day. Midpoint above EMA(10). Now above all SMA's. Holding above its 38.2% minor retrace (40.97). No daily 3LB changes (reversal is 41.15).



10YR YIELD
Bearish long day. Still failing all SMA's. Midpoint above EMA(10). Still failing its 50.0% retrace (24.92). No daily 3LB changes (reversal is 23.45).



WTI
Bullish short day (confirmed bullish piercing). Still failing all SMA's. Midpoint below EMA(10). Tested and held its 61.8% minor retrace (93.15). No dally 3LB changes (reversal is 95.35).



SILVER
Spinning top day (didn't confirm bullish harami). Still failing all SMA's. Midpoint below EMA(10). Holding above its 0.0% retrace (18.66). No daily 3LB changes (reversal is 20.24).



BKX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(55). Holding above its 38.2% minor retrace (67.42). New high on daily 3LB (reversal is 68.30).



HYG/LQD
Bearish short day. Holding above SMA(21). Midpoint above EMA(10). Tested and failed its 38.2% retrace (0.7907). No daily 3LB changes (reversal is 0.7870).



COPPER
Spinning top day. Midpoint above EMA(10). Tested and held SMA(55). Tested and held its 50.0% minor retrace (3.175). No daily 3LB changes (reversal is 3.335).



QQQ
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 0.0% retrace (98.90). New high on daily 3LB (reversal is 97.40).



GSCI
Bullish short day. Midpoint below EMA(10). Still failing all SMA's. Tested and held its 61.8% minor retrace (31.04). No daily 3LB changes (reversal is 31.42).



IWM
Bullish short day. Midpoint above EMA(10). Tested and held SMA(55). Tested and held its 38.2% minor retrace (114.23). No daily 3LB changes (reversal is 110.68).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

1 comments:

AmenRa said...

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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.