AmenRa's Corner 2.28.12

"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™: Don't worry. The ISDA discarded my number years ago. Maybe I should hit redial.

SPX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above the 0.0% retrace (1359.44). New high on daily 3LB (reversal is 1363.46). QE2infinity.



DXY
Bearish short day. Midpoint below EMA(10). Tested and failed the 38.2% retrace (78.43). Failing SMA(21,55,89). New low on daily 3LB (reversal is 79.67).



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



GOLD
Bullish long day. Midpoint above EMA(10). Holding above its 38.2% retrace (1721.30). Still above all SMA's. New high on daily 3LB (reversal is 1724.90). Still above monthly 3LB mid. Must have the precious.



EURUSD
Bullish short day (didn't confirm dark cloud cover). Midpoint above EMA(10). Holding above SMA(89). Holding above its 61.8% minor retrace (1.3222). No daily 3LB changes (reversal is 1.3063).



JNK
Bullish short day. Midpoint above EMA(10). Holding above all SMA's. Tested and failed its 61.8% minor retrace (40.10). New high on daily 3LB (reversal is 39.68).



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



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



SILVER
Bullish long day. Now above all SMA's. Midpoint above EMA(10). Tested and held its 61.8% retrace (35.41). New high on daily 3LB (reversal is 33.44).



BKX
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Holding above its 50.0% retrace (43.76). No daily 3LB changes (reversal is 43.62).



HYG/LQD
Bullish short day. Tested and held SMA(55). Midpoint below EMA(10). Holding above its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7908).



AAPL
Bullish long day. Still above all SMA's. Midpoint above EMA(10). Tested and held its 0.0% retrace (528.50). New high on daily 3LB (reversal is 516.39).



MUB
Bullish short day. Midpoint below EMA(10). Tested and failed SMA(55). Tested and failed its 50.0% minor retrace (110.53). No daily 3LB changes (reversal is 113.89).

IT HAS BEGUN. YOU HAVE BEEN WARNED.

AmenRa's Corner 2.27.12

"Remember this?"

Creditcane™: I'm the defensive player of the year as I reject closes above 13k on the Dow.

SPX
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Tested and held the 0.0% retrace (1359.44). New high on daily 3LB (reversal is 1362.21). QE2infinity.



DXY
Bullish harami day. Midpoint below EMA(10). Tested and held the 38.2% retrace (78.43). Failing SMA(21,55,89). No daily 3LB changes (reversal is 79.67).



VIX
Bearish long day (didn't confirm bullish thrusting). Midpoint above EMA(10). Tested and failed SMA(21). Tested and failed its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 21.14).



GOLD
Bearish short day. Midpoint above EMA(10). Holding above its 38.2% retrace (1721.30). Still above all SMA's. No daily 3LB changes (reversal is 1717.70). Still above monthly 3LB mid. Must have the precious.



EURUSD
Dark cloud cover day. Midpoint above EMA(10). Holding above SMA(89). Holding above its 61.8% minor retrace (1.3222). No daily 3LB changes (reversal is 1.3063).



JNK
Spinning top day. Midpoint above EMA(10). Holding above all SMA's. Holding above its 50.0% minor retrace (39.86). No daily 3LB changes (reversal is 39.43).



10YR YIELD
Bearish short day. Tested and failed SMA(21). Midpoint below EMA(10). Holding above its 0.0% retrace (18.96). New low on daily 3LB (reversal is 20.47).



WTI
Bearish short day. Still above all SMA's. Midpoint above EMA(10). Tested and failed its 50.0% minor retrace (109.54). No dally 3LB changes (reversal is 106.25). Not confirming the monthly 3LB reversal down.



SILVER
Spinning top day. Failing SMA(233). Midpoint above EMA(10). Tested and failed its 61.8% retrace (35.41). No daily 3LB changes (reversal is 33.30).



BKX
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Holding above its 50.0% retrace (43.76). No daily 3LB changes (reversal is 43.62).



HYG/LQD
Bullish long day. Tested and held SMA(21,55). Midpoint below EMA(10). Tested and held its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7908).



CRB
Doji day (bearish harami?). Midpoint above EMA(10). Holding above SMA(144). Tested and held its 38.2% retrace (325.01). No daily 3LB changes (reversal is 322.45).



EUFN
Spinning top day. Midpoint above EMA(10). Tested and held SMA(21). Tested and failed its 38.2% retrace (18.04). No daily 3LB changes (reversal is 18.34).



RBOB Gasoline
Bearish long day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 0.0% retrace (2.93). No daily 3LB changes (reversal is 3.24).



BRK.A/GOLD (monthly info)
trend=down
low= 59.70
rev= 76.83; mid= 68.27

IT HAS BEGUN. YOU HAVE BEEN WARNED.

"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 the Lord when I lay My vengeance upon thee."

Sunday Afternoon Post: Week Ahead Look

Afternoon All,

Some quick looks at Dollar, Gold and the S&P 500.  If you put a "gun to my head" I would say the Dollar, Gold and the S&P500 will finish down on the week.  The DXY looks headed lower already while Gold and the S&P500 are both heading into nice classical resistance zones.

Market Commentary 26Feb12


Addendum:

I read an interesting story about a fellow who successfully recreated the experience of 17th Century monks who would fast during lent on a diet consisting of only Dopplebock beer.  This guy came up with the recipe for "liquid bread" and fasted for 46 days....

My Faith:  What I Learned from my 46-Day Beer Only Fast

AmenRa's Corner 2.24.12

Creditcane™: Can you say CAC? C-A-C. Now go and say that to one of the Greek creditors.

SPX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above the 0.0% retrace (1359.44). New high on daily 3LB (reversal is 1361.23). QE2infinity.



DXY
Bearish long day. Midpoint below EMA(10). Tested and failed the 38.2% retrace (78.43). Failing SMA(21,55,89). Daily 3LB reversal down (reversal is 79.67).



VIX
Bullish thrusting day. Midpoint below EMA(10). Failing all SMA's. Failing its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 21.14).



GOLD
Bearish short day. Midpoint above EMA(10). Holding above its 38.2% retrace (1721.30). Still above all SMA's. No daily 3LB changes (reversal is 1717.70). Still above monthly 3LB mid. Must have the precious.



EURUSD
Bullish long day. Midpoint above EMA(10). Holding above SMA(89). Holding above its 61.8% minor retrace (1.3222). New high on daily 3LB (reversal is 1.3063).



JNK
Spinning top day. Midpoint above EMA(10). Holding above all SMA's. Tested and held its 50.0% minor retrace (39.86). New high on daily 3LB (reversal is 39.43).



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



WTI
Bullish short day. Still above all SMA's. Midpoint above EMA(10). Tested and held its 50.0% minor retrace (109.54). New high on dally 3LB (reversal is 106.25). Not confirming the monthly 3LB reversal down.



SILVER
Spinning top day (bearish harami?). Tested and failed SMA(233). Midpoint above EMA(10). Tested and held its 62.8% retrace (35.32). No daily 3LB changes (reversal is 33.21).



BKX
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 50.0% retrace (43.76). No daily 3LB changes (reversal is 43.62).



HYG/LQD
Spinning top day. Holding above SMA(21). Midpoint above EMA(10). Holding above its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7908).



EEM
Bullish short day. Midpoint above EMA(10). Holding above all SMA's. Holding above its 61.8% retrace (43.48). New high on daily 3LB (reversal is 42.92).



RUSSELL 2K
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Failing its 0.0% retrace (832.23). No daily 3LB changes (reversal is 798.19).

IT HAS BEGUN. YOU HAVE BEEN WARNED.