AmenRa's Corner

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

Let the rematch begin anew...

Creditcane™: 2010 was the worst hangover in a long time. 2011 needs to have the cure.

SPX
Doji day. Midpoint above EMA(10). Still above all SMA's. No daily 3LB changes (reversal is 1247.08). QE2infinity.




DXY
Bearish long day (morning star went supernova). Midpoint below EMA(10). Almost tested the 23.6% retrace (78.72). Now below SMA(89). New low on daily 3LB (reversal is 80.83).



VIX
Spinning top day. Midpoint above EMA(10). Still below all SMA's. Daily 3LB reversal up (reversal is 15.45). May look to escape the "no fear" zone. Avoided a monthly 3LB reversal.



GOLD
Bullish long day. Still above SMA(21). Midpoint above EMA(10). 0.0% retrace holding. Still above 14.6% retrace (1392.69). New high on daily 3LB (reversal is 1340.30). Must have the precious.



EURUSD
Bullish short day. Midpoint above EMA(10). Back above its 38.2% retrace at 1.3121. Back above SMA(21) and SMA(144). No daily 3LB changes (reversal is 1.3001). Closed above weekly 3LB reversal price.



JNK
Spinning top day. Midpoint below EMA(10). Failing the Gann 4x1. Below all SMA's except 144 & 233. No daily 3LB changes (reversal is 40.47).



10YR YIELD
Spinning top day (confirmation of bearish harami even though the long day was a lower close?). The 0.0% fibo retrace at 35.66 has held. Above all SMA's. Back below its 14.6% retrace (33.86). Midpoint below EMA(10). No daily 3LB changes (reversal is 32.36).



CRB
Bullish long day. Midpoint above EMA(10). Above all SMA's. Made a new 0.0% retrace. New high on daily 3LB (reversal is 328.11). Back above trendline of current move.



IQI
Bullish LONG day. Midpoint above EMA(10). Back above SMA(21). Shot above its 38.2% retrace (12.20). New high on daily 3LB (reversal is 11.52).



XLF
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Still above its 14.6% retrace (15.81). No daily 3LB changes (reversal is 15.81). Closed above its monthly 3LB reversal price.



WTI
Bullish long day. Above all SMA's. Midpoint above EMA(10). Closed above the 85.4% retrace at 90.99. No daily 3LB changes (reversal is 89.75).