AmenRa's Corner

A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.

Creditcane™: They only pay me enough to work mornings.

SPX
Bullish short day. Midpoint above EMA(10). Above all SMA's. Above 1110.02 (the .09 fibo from high) and above 1151.86 (the .0557 fibo from high). New high on daily 3LB (reversal is 1160.75). QE2infinity.



DXY
Bearish short day. Midpoint below EMA(10). Still below its 76.4% retrace at 77.60. Also below 78.41 (.0557 from low). No daily 3LB changes (reversal is 77.75).



VIX
Bearish long day (morning star implosion). Midpoint below EMA(10). Below weekly 3LB mid and monthly 3LB mid. New low on daily 3LB (reversal is 21.21). Still hanging out in the "no fear" zone.



GOLD
Hanging man day. Way above all SMA's. Midpoint above EMA(10). No test of new 0% retrace again. No daily 3LB changes (reversal is 1317.80).



EURUSD
Doji day. Midpoint above EMA(10). Held its 61.8% retrace at 1.3899. Above all SMA's. No daily 3LB changes (reversal is 1.3637).



JNK
Bearish short day. Above all SMA's. Midpoint above EMA(10). Closed back below the 100% retrace. No daily 3LB changes (reversal is 39.86).



10YR YIELD
Bullish long day (still struggling to close gap). The new 0.0% fibo retrace at 23.59 has held. Still below the weekly 3LB mid (27.60) and all SMA's. Midpoint below EMA(10). No daily 3LB changes (reversal is 24.56).



DJ TRANS AVG
Hanging man day (a fine example I might add). Holding above the upper trend line and all SMA's. Midpoint above EMA(10). No daily 3LB changes (reversal is 4576.47).



CRB
Bullish long day (evening star implosion). Midpoint above EMA(10). Above all SMA's. Tested and passed the Gann 1x1. New high on daily 3LB (reversal is 289.15).



WTI
Spinning top day. Tested and failed the SMA(233). Midpoint above the EMA(10). Held the 50% retrace at 81.07. No daily 3LB changes (reversal is 79.97).

LEFTBACK'S BOND REPORT

The Bond Report 10.12.10
- by Appointment to Her Majesty "QE2"

A quiet day. The 3y auction was indifferent, hardly a surprise at these low yields. 10y tomorrow, and a morning POMO. The long end sold off a bit today, something we will see more of in the future.

Corpies: LQD -0.15%; AGG -0.10%; JNK -0.10%; HYG -0.09%;
Govies: TLT -0.99%; IEI -0.18%; TIP -0.31%
Hedgies: TBT 2.15%

We had been short the long end, and we took the profits. Tomorrow is a POMO. After that, we may get short again, we'll see.