AmenRa's Corner

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

Creditcane™: The fake ADP didn't work as well as I hoped.

SPX
Bullish long day (confirmed bearish thrusting). Midpoint above EMA(10). Still above all SMA's. New high on daily 3LB (reversal is 1258.84). QE2infinity. MSM tried to talk market down after ADP but failed (or was that their intention?).



DXY
Bullish long day. Midpoint at EMA(10). Heading for the 38.2% retrace (80.63). Back above SMA(21). No daily 3LB changes (reversal is 80.83).



VIX
Bearish long day (denied inverted hammer). Midpoint below EMA(10). Back below SMA(21). No daily 3LB changes (reversal is 15.45). Concluded that there might be no escaping the "no fear" zone. Currently has a monthly 3LB reversal.



GOLD
Spinning top day. Back below SMA(55). Midpoint below EMA(10). 0.0% retrace holding. Now below 14.6% retrace (1392.69) and tested the 23.6% retrace (1368.14). New low on daily 3LB (reversal is 1422.90). Must have the precious.



EURUSD
Bearish long day. Midpoint below EMA(10). Still above its 38.2% retrace at 1.3121 (barely). Back below SMA(21) and SMA(144). No daily 3LB changes (reversal is 1.3001).



JNK
Bullish long day. Midpoint above EMA(10). Failing the Gann 4x1. Back above SMA(21 & SMA(89). No daily 3LB changes (reversal is 40.47). Working on closing that huge gap.



10YR YIELD
Bullish long day. The 0.0% fibo retrace at 35.66 has held. Above all SMA's. Back above its 14.6% retrace (33.86). Midpoint above EMA(10). No daily 3LB changes (reversal is 32.36).



CRB
Bullish long day (ruh roh it formed a bullish thrusting). Midpoint below EMA(10). Above all SMA's. No test of 0.0% retrace. No daily 3LB changes (reversal is 333.02). Back below trendline of current move.



XLF
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Made a new 0.0% retrace. New high on daily 3LB (reversal is 16.01).



TLT
Bearish long day. Midpoint below EMA(10). Below all SMA's. Tested and failed its 76.4% retrace (92.50). No daily 3LB changes (reversal is 90.94).



COPPER
Bullish long day (but did form bullish thrusting). Midpoint above EMA(10). Still above SMA(21). Noo test of new 0.0% retrace. No daily 3LB changes (reversal is 432.80).



Monthly 3LB
Showing fibonacci retraces and extensions after the monthly 3LB reversal up.

LEFTBACK'S BOND REPORT

The Bond Report 1.5.11

We thought we would add a little colour to the report today. So instead of the usual jargon like THE COMPRESSOR and THE STEEPENER, we would simply describe the day for each ETF. In a nutshell, it was RISK ON across the curve, and Timmay's offerings were spurned for more seductive higher yielding paper.

Corpies: LQD -0.73%; AGG -0.48%; JNK 0.48%; HYG 0.24%
Govies: TLT -2.04%; IEI -0.56%; TIP -0.38%
Hedgies: TBT 4.35%

TLT - taken to the woodshed, given a sound spanking, no dinner.
IEI - spanked and sent to bed, not allowed to watch Cramer.
LQD - had to shovel Bruce's driveway. It is half a mile long.
AGG - made to sit in the corner all day facing the wall.
TIP - ignored all afternoon and given Brussels sprouts to eat.

On the plus side:
HYG - well behaved all day and rewarded with candy at 3.45
JNK - put in a good day and enjoys a 6-pack of Natty Boh

and on the short side:
TBT - was fed grapes and wine by Karen wearing flimsy lingerie