AmenRa's Corner

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

Creditcane™: Guess I'm more of a morning person.

Doji day (need I say another hanging man failure?). Midpoint above EMA(10). Now below SMA(21). No daily 3LB changes (reversal is 1225.85). Still below weekly 3LB midpoint. The monthly 3LB reversal is on IR (almost came off IR but doctors said not yet). QE2infinity.

Spinning top day. Midpoint above EMA(10). Tested but failed the 23.6% retrace at 78.72 and back above SMA(55). No daily 3LB changes (reversal is 76.48).

Bearish short day. Midpoint below EMA(10). Tested and failed SMA(21). Below weekly 3LB mid and monthly 3LB mid. No daily 3LB changes (reversal is 22.58). Still in the "no fear" zone.

Bullish long day. Back above SMA(21). Midpoint below EMA(10). New 0% retrace has been holding. No daily 3LB (reversal is 1403.20).

Spinning top day again. Still above SMA(21) & SMA(144). Midpoint above EMA(10). Tested and failed its 38.2% retrace at 1.1447. No daily 3LB changes (reversal is 1.1170).

Bearish long day (confirmed hanging man). Still above SMA(55). Midpoint below EMA(10). Still failing the Gann 4x1. No daily 3LB changes (reversal is 40.80). Closed below its weekly 3LB reversal price.

Bearish short day (again). Gap not closed. The 0.0% fibo retrace at 23.59 is holding. Still above SMA(89). Midpoint above EMA(10). No daily 3LB changes (reversal is 24.84).

Spinning top day. Still above SMA(21). Midpoint above EMA(10). No daily 3LB changes (reversal is 4924.46).

Hammer day (formed at the weekly 3LB reversal). Midpoint below EMA(10). Still below SMA(21). Still failing the Gann 1x1. No daily 3LB changes (reversal is 315.25).

Bearish short day. Midpoint below EMA(10). Closed below the SMA(21) and the SMA(55). No daily 3LB changes (reversal is 14.23).

Bullish short day. Midpoint above EMA(10). Still above all SMA's. New high on daily 3LB changes (reversal is 45.30). Trending up on the weekly and monthly 3LB.


The Bond Report 11.22.10

Today was a risk-off day, as investors sold HY and bought IG, munis and USTs. Spreads were wider across the board, not sharply, but smoothly and gradually, like a very elegant lady uncrossing her legs for a handsome admirer.

Corpies: LQD 0.55%; AGG 0.24%; JNK -0.54%; HYG -0.70%;
Govies: TLT 0.42%; IEI 0.44%; TIP 0.35%
Hedgies: TBT -1.05%

We added to our HY bonds (HYG) and hedged interest rate risk by getting short the long end (TBT). Today was a POMO in the 7-10y range and that trade will begin to unwind at some point this week.

We are long equities - but note that the usual pattern of late has been that stocks are up on Black Friday and the enthusiasm of JOHNNY day trader is met by a sell-off on Monday.


Colin said...

CV now that TBP is up for sale was wondering what your going rate for the blog is? Given the profits this baby throws off I have to imagine you are looking for a bit more than the 6.5MM BR requested.

TWSWB said...

I plan to put that baby up for Absolute Auction next week. 6.5 MM will just be the opening bid.

Living in my car... Renewed my subscription to MacWorld today said...

If you bought XLF when the green 3LB change 2nd or 3rd day, you'd be under water... still. Maybe the 3LB requirements may need to be adjusted?

AmenRa said...

Living in my car

I prefer using the midpoint as an indicator of change in direction. So on the daily 3LB BTO at 14.56 and STC 14.91 (+2.4%). The weekly 3LB BTO at 14.14 and STC at 14.55 (+2.9%). The weekly is a better view of the underlying trend. Now some prefer to wait for the confirming bar and that's fine but I'd keep the stop at the previous high to limit losses.

AmenRa said...

Leslie Frazier now the interim head coach of Minnesota Vikings. Brad Childress has gone fishing.

cv said...


LOL - This blog and a dime will get you a cup of coffee...

No wait...

- COFFEE futures are down 1.62%
- Bucky is UP .30%
- But silver is up .87%

So basically... If you're using a "pre 1965" Rosie or Mercury Dime (with 90% silver content)... You're paying a 2000% markup (less the 1.62%)

If you're using the crappy 1965 and after dimes... You're still getting a deal...

Bottom line?

Know what you're transacting with...

CV will "gladly" pay 6.5 mm for BR's blog (even though the comment section is full of Thors & Mannwiches desperately trying to attract hits to their own endeavor)...

But that, of course, will be when the US dollar is worth zero...

What's 6.5mm multiplied by zero?... I've got FUZZY MATH in my head...

Gotta go... C'MON MAN! is about to air...

Andy T said...

C'Mon Man was pretty funny tonight.

Something else that was funny was this SNL Clip

Desperation Knows No Bounds said...

But then neither does the C'man man.

Mangy Mutt

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