AmenRa's Corner 3.7.12

"Why won't anyone listen to me?"

Creditcane™: No. You think you've reached safe harbor. It's a mirage.

SPX
Bullish short day (possible bullish harami?). Midpoint below EMA(10). Failing SMA(21). Failing the 0.0% retrace (1359.44). No daily 3LB changes (reversal is 1374.09). QE2infinity.



DXY
Bearish harami day. Midpoint above EMA(10). Tested and held the 61.8% minor retrace (79.60). Tested and held SMA(55). No daily 3LB changes (reversal is 78.27).



VIX
Bearish long day (didn't close window). Midpoint above EMA(10). Tested and failed SMA(55). Tested and failed its 50.0% minor retrace (20.22). No daily 3LB changes (reversal is 21.14).



GOLD
Bullish harami day. Midpoint below EMA(10). Failing its 38.2% retrace (1721.30). Tested and held SMA(55). No daily 3LB changes (reversal is 1711.30). Still above monthly 3LB mid. Must have the precious.



EURUSD
Bullish harami day. Midpoint below EMA(10). Failing SMA(21). Tested and failed its 50.0% minor retrace (1.3148). No daily 3LB changes (reversal is 1.3063).



JNK
Bullish harami star day. Midpoint below EMA(10). Failing SMA(21). Failing its 38.2% minor retrace (39.62). No daily 3LB changes (reversal is 39.88).



10YR YIELD
Spinning top day. Tested and failed SMA(21,89). Midpoint below EMA(10). Holding above its 0.0% retrace (18.96). No daily 3LB changes (reversal is 20.47).



WTI
Bullish harami day. Tested and held SMA(21). Midpoint below EMA(10). Failing its 38.2% minor retrace (107.86). No dally 3LB changes (reversal is 109.77). Not confirming the monthly 3LB reversal down.



SILVER
Bullish harami day. Failing SMA(21,144,233). Midpoint below EMA(10). Failing its 61.8% retrace (35.41). No daily 3LB changes (reversal is 37.20).



BKX
Bullish harami day. Midpoint below EMA(10). Failing SMA(21). Holding above its 50.0% retrace (43.76). No daily 3LB changes (reversal is 45.79).



HYG/LQD
Spinning top day. Failing all SMA's. Midpoint below EMA(10). Failing its 38.2% retrace (0.7808). New low on daily 3LB changes (reversal is 0.7810).



AAPL
Bearish short day. Still above all SMA's. Midpoint above EMA(10). Failing its 0.0% retrace (547.61). No daily 3LB changes (reversal is 545.18).



RBOB Gasoline
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Failing its 0.0% retrace (3.33). No daily 3LB changes (reversal is 3.22).



RUSSELL 2K
Bullish harami day. Midpoint below EMA(10). Tested and held SMA(55). Failing its 0.0% retrace (832.23). No daily 3LB changes (reversal is 831.32).

IT HAS BEGUN. YOU HAVE BEEN WARNED.

AmenRa's Corner 3.6.12

"The path of the righteous man is beset on all sides by the iniquities of the selfish and the tyranny of evil men. Blessed is he who, in the name of charity and good will, shepherds the weak through the valley of darkness, for he is truly his brother’s keeper and the finder of lost children. And I will strike down upon thee with great vengeance and furious anger those who would attempt to poison and destroy My brothers. And you will know My name is CDS when I lay My vengeance upon thee."

Creditcane™: No, this is not a dream. And you cannot wake from it.

SPX
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and failed the 0.0% retrace (1359.44). New low on daily 3LB (reversal is 1374.09). QE2infinity.



DXY
Bullish long day (confirmed bearish thrusting). Midpoint above EMA(10). Tested and held the 61.8% minor retrace (79.60). Tested and held SMA(55). Daily 3LB reversal up (reversal is 78.27).



VIX
Spinning top day. Midpoint above EMA(10). Tested and held SMA(55). Tested and held its 50.0% minor retrace (20.22). No daily 3LB changes (reversal is 21.14).



GOLD
Bearish long day. Midpoint below EMA(10). Failing its 38.2% retrace (1721.30). Tested and failed SMA(55,89). New low on daily 3LB (reversal is 1711.30). Still above monthly 3LB mid. Must have the precious.



EURUSD
Bearish long day (confirmed bullish thrusting). Midpoint below EMA(10). Failing SMA(21). Tested and failed its 50.0% minor retrace (1.3148). No daily 3LB changes (reversal is 1.3063).



JNK
Bearish long day. Midpoint below EMA(10). Failing SMA(21). Failing its 38.2% minor retrace (39.62). New low on daily 3LB (reversal is 39.88).



10YR YIELD
Bearish short day. Tested and failed SMA(21,55,89). Midpoint below EMA(10). Holding above its 0.0% retrace (18.96). No daily 3LB changes (reversal is 20.47).



WTI
Bearish long day. Still above all SMA's. Midpoint below EMA(10). Failing its 38.2% minor retrace (107.86). Dally 3LB reversal down (reversal is 109.77). Not confirming the monthly 3LB reversal down.



SILVER
Bearish long day (completed three black crows). Tested and failed SMA(144). Midpoint below EMA(10). Failing its 61.8% retrace (35.41). Daily 3LB reversal down (reversal is 37.20).



BKX
Bearish long day. Midpoint below EMA(10). Failing SMA(21). Tested and held its 50.0% retrace (43.76). New low on daily 3LB (reversal is 45.79).



HYG/LQD
Bearish long day. Tested and failed SMA(89,144). Midpoint below EMA(10). Failing its 38.2% retrace (0.7808). New low on daily 3LB changes (reversal is 0.7857). Took 34 days before trending down on the daily 3LB.



USDJPY
Bearish long day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 61.8% retrace (81.430). No daily 3LB changes (reversal is 80.21).



EEM
Bearish short day. Midpoint below EMA(10). Dived below SMA(21). Dived below its 61.8% retrace (43.48). New low on daily 3LB (reversal is 44.75).



AAPL
Spinning top day. Still above all SMA's. Midpoint below EMA(10). Failing its 0.0% retrace (547.61). New low on daily 3LB (reversal is 545.18).

IT HAS BEGUN. YOU HAVE BEEN WARNED.

Introducing the Greek creditors who are choosing to hold out of the PSI.

AmenRa's Corner 3.5.12

Creditcane™: "The things that go bump in the night are actually running from me."™

SPX
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held the 0.0% retrace (1359.44). Daily 3LB reversal down (reversal is 1374.09). QE2infinity.



DXY
Spinning top day. Midpoint above EMA(10). Holding above the 38.2% retrace (78.43). Tested and held SMA(89). No daily 3LB changes (reversal is 79.67).



VIX
Bearish short day (confirmed bullish harami). Midpoint above EMA(10). Tested and failed SMA(21). Tested and fialed its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 21.14).



GOLD
Spinning top day. Midpoint below EMA(10). Failing its 38.2% retrace (1721.30). Tested and held SMA(89). New low on daily 3LB (reversal is 1786.30). Still above monthly 3LB mid. Must have the precious.



EURUSD
Spinning top day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and failed its 61.8% minor retrace (1.3236). No daily 3LB changes (reversal is 1.3063).



JNK
Bearish short day. Midpoint below EMA(10). Tested and held SMA(21). Tested and held its 38.2% minor retrace (39.62). New low on daily 3LB (reversal is 40.08).



10YR YIELD
Bullish short day. Tested and held SMA(89). Midpoint above EMA(10). Holding above its 0.0% retrace (18.96). No daily 3LB changes (reversal is 20.47).



WTI
Spinning top day. Still above all SMA's. Midpoint above EMA(10). Failing its 38.2% minor retrace (107.86). No dally 3LB changes (reversal is 106.25). Not confirming the monthly 3LB reversal down.



SILVER
Bearish short day. Tested and failed SMA(21,144). Midpoint below EMA(10). Failing its 61.8% retrace (35.41). No daily 3LB changes (reversal is 33.44).



BKX
Bearish short day. Midpoint above EMA(10). Tested and failed SMA(21). Holding above its 50.0% retrace (43.76). Daily 3LB reversal down (reversal is 45.79).



HYG/LQD
Bearish long day. Tested and failed SMA(89). Midpoint below EMA(10). Tested and failed its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7908).



COPPER
Spinning top day. Midpoint above EMA(10). Tested and failed SMA(21). Tested and held its 50.0% retrace (3.839). No daily 3LB changes (reversal is 3.987).



AAPL
Bearish long day. Still above all SMA's. Midpoint above EMA(10). Tested and failed its 0.0% retrace (547.61). Daily 3LB reversal down (reversal is 545.18).

IT HAS BEGUN. YOU HAVE BEEN WARNED.

Week Ahead Glimpse of DXY, Gold, S&P500

Hope everyone had a good weekend.

The Dollar Index staged a nice bounce mid-week, which helped crush gold.  Some 'wave' definitely concluded for the yellow metal and it seems destined for several weeks of sideways/down price action.  The dollar probably has some more 'hops' left in it but I see resistance in the mid-80's on the DXY.  

The S&P500 is becoming extremely vulnerable to one of those "elevator" moves lower.  I'm itching to short and will likely do so on a break of 1350.

Market Commentary 4Mar12

Addendum:

This is how far the ol' "If you see something, say something" concept has come....

From one of my favorite little blogs:

Detained for Babysitting while White

"Two Fridays ago, Henson and his wife were babysitting their five year-old granddaughter, Ty. After an evening at a neighborhood recreation center, Henson -- who is white -- and his granddaughter -- who is black -- started to walk to his home, which is just a few blocks from the rec center.

Some busybody saw Henson and his granddaughter walking home, called police and alleged that a kidnapping was in progress.

From that point on, all hell broke loose."

There's some police video at the end....gotta love the police state.