AmenRa's Corner

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



Creditcane™: It's about f'in time the market recognizes my power.



SPX
Bearish long day (aka "The Whoosh"). Midpoint above EMA(10). Closed below SMA(21) & EMA(10). Made a new 0.0% retrace high. Daily 3LB reversal down (reversal is 1299.53). QE2infinity. Couldn't hold 1300. Repeat.



DXY
Bullish long day. Midpoint below EMA(10). Not heading for the 14.6% retrace (77.54) anymore. Below all SMA's. Daily 3LB reversal up (reversal is 77.71).



VIX
Bullish long day (that's an understatement). Midpoint above EMA(10). Back above SMA(21), SMA(55) and SMA(89). New high on daily 3LB (reversal is 17.75). Now out of the "no fear" zone. Currently does not have a monthly 3LB reversal.



GOLD
Bullish harami day. Tested and ran from SMA(144). Midpoint below EMA(10). 0.0% retrace holding. Tested and passed the 38.2% retrace (1328.33). No daily 3LB changes (reversal is 1346.50). Must have the precious.



EURUSD
Bearish long day. Midpoint above EMA(10). Still above its 50.0% retrace at 1.3506. Still above all SMA's. Daily 3LB reversal down (reversal is 1.3722).



JNK
Bearish long day. Midpoint above EMA(10). Above all SMA's. Running away from its 50.0% retrace (40.47) for the 3rd time. No daily 3LB changes (reversal is 40.47).



10YR YIELD
Bearish long day. Failed the 14.6% retrace at 33.86. Back below SMA(21). Midpoint above EMA(10). No daily 3LB changes (reversal is 32.36). Closed the week below its weekly 3LB mid.



XLF
Bearish long day. Midpoint above EMA(10). Back below SMA(21). Failed the 14.6% retrace (16.41). No daily 3LB changes (reversal is 16.72).



TLT
Bullish long day (confirmed bullish harami). Midpoint below EMA(10). Still below SMA(21). Back above lower trend line. No daily 3LB changes (reversal is 94.12).



WTI
Bullish engulfing day (aka 11/24/10). Back above SMA(89) & SMA(55). Midpoint below EMA(10). Closed back above the 61.8% retrace (86.31). Daily 3LB reversal up (reversal is 85.52).



EEM
Bearish long day. Midpoint below EMA(10). Below all SMA's except the SMA(144). Now below its 23.6% retrace (46.42). New low on daily 3LB (reversal is 47.25).



Will this even be enough?

2 comments:

AmenRa said...

No doze +5 hr energy +jolt cola +Everclear is the drink of choice by bulls this weekend.

karen said...

Thanks, AR.. hope everyone is having a more exciting friday night than I am, LOL.. altho my salad was delicious..

last eye-catching headline i got was this one:

Egypt's Mubarak dissolves government
01/28/2011 06:09:28 PM

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This blog should not be interpreted as investment advice of any kind. The authors are NOT representing themselves CTAs or CFAs or Investment/Trading Advisor of any kind. The authors may or may not trade in the markets discussed. The authors may hold positions opposite of what may by inferred by this blog.The information contained in this blog is taken from sources the authors believes to be reliable, but it is not guaranteed by the authors as to the accuracy or completeness thereof and is presented here for information purposes only. Commodity trading involves risk and is not for everyone.