AmenRa's Corner

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

Creditcane™: I came. I saw. But I didn't stay. Maybe tomorrow.

SPX
Doji day (start of morning star?). Midpoint below EMA(10). Still above all SMA's. No daily 3LB changes (reversal is 1276.56). QE2infinity.



DXY
Doji day. Midpoint below EMA(10). Held the 23.6% retrace (78.72). Still below SMA(144), SMA(21), SMA(55) and SMA(89). No daily 3LB changes (reversal is 81.01).



VIX
Bullish short day (tail too long for shooting star). Midpoint above EMA(10). Tested but failed SMA(55). Daily 3LB reversal up (reversal is 15.41). Stuck in the "no fear" zone. Currently does not have a monthly 3LB reversal.



GOLD
Bearish long day. Now below SMA(89). Midpoint below EMA(10). 0.0% retrace holding. Back below the 23.6% retrace (1368.14). New low on daily 3LB (reversal is 1387.00). Must have the precious.



EURUSD
Spinning top day. Midpoint above EMA(10). Failed test of its 50.0% retrace at 1.3506. Still above SMA(55). New high on daily 3LB (reversal is 1.2929). Above the weekly 3LB reversal price (1.3364).



JNK
Dragonfly doji day (refuses to go higher). Midpoint above EMA(10). Failed to hold SMA(55). Still can't close gap post dividends. No daily 3LB changes (reversal is 40.47).



10YR YIELD
Bullish long day. The 14.6% retrace at 33.86 was tested and passed. Back above SMA(21). Midpoint above EMA(10). No daily 3LB changes (reversal is 32.36). Held above upper trend line.



XLF
Bullish short day (possible bullish harami). Midpoint below EMA(10). Still above all SMA's. Failed the 14.6% retrace (16.41). No daily 3LB changes (reversal is 16.72).



IQI
Bullish short day. Midpoint above EMA(10). Still below all SMA's. Held new 0.0% retrace (11.15). Closed above 14.6% retrace (11.48). No daily 3LB changes (reversal is 12.30).



MUB
Bearish short day (a hanging man already?). Midpoint below EMA(10). Below all SMA's. Held the 14.6% retrace (97.24). No daily 3LB changes (reversal is 99.96).



2s30s Spread
Bullish long day. Midpoint above EMA(10). Above all SMA's. New high on daily 3LB (reversal is 3.63).

LEFTBACK'S BOND REPORT

The Bond Report 1.20.11

After Matthew's description of the fixed income market above, further commentary from us would be superfluous....

Corpies: LQD -0.43%; AGG -0.38%; JNK 0.03%; HYG -0.20%
Govies: TLT -1.38%; IEI -0.44%; TIP -0.95%
Munis: IQI 3.10%; MUB -0.04%
Mortgages: MBB -0.26%
Hedgies: TBT 2.54%

We added 2% of TLT.

As of now we are HYG 17% LQD 3% AGG 10% TIP 5% TLT 4% (FI = 39%)
Equity longs are 14%, and we have a 3% widowmaker in play.