AmenRa's Corner

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

Creditcane™: Go ahead. Keep on buying the dips. Like a funnel cloud sometimes I'm not on the radar until the last second.

SPX
Bullish thrusting day (failed to confirm bearish engulfing). Midpoint below EMA(10). Failed SMA(21). Tested and held the 23.6% retrace (1303.70). No daily 3LB changes (reversal is 1340.43). Closed below daily 3LB mid. QE2infinity. JBTFD?



DXY
Bearish long day. Midpoint below EMA(10). Way below the 14.6% retrace (77.54). Below all SMA's. New low on daily 3LB (reversal is 77.41). Not the safety haven anymore?



VIX
Spinning top day (possible bearish harami). Midpoint above EMA(10). Still above SMA(144). No daily 3LB changes (reversal is 15.81). Back in the "complacent" zone. Currently does not have a monthly 3LB reversal.



GOLD
Spinning top day (possible start of evening star). Midpoint above EMA(10). Made a new 0.0% retrace. Still above all SMA's. New high on daily 3LB (reversal is 1415.80). Well above upper trend line. Must have the precious.



EURUSD
Bullish long day. Midpoint above EMA(10). Still above 1.3506 (the 50% retrace). Above all SMA's. Closed back above 1.3782 (fibo .09). New high on daily 3LB (reversal is 1.3681).



10YR YIELD
Bullish short day. No test of 0.0% retrace at 37.44. Back above SMA(55). Midpoint below EMA(10). Daily 3LB reversal up (reversal is 34.14).



LQD
Bearish long day. Back below SMA(55). Midpoint at EMA(10). No daily 3LB (reversal is 108.13). Currently has a monthly 3LB reversal (down).



MUB
Bearish engulfing day. Midpoint above EMA(10). Back below SMA(89). No daily 3LB (reversal is 99.26). Still above the weekly 3LB mid.



WTI
Bullish long day. Still above all SMA's. Midpoint above EMA(10). Closed back below the 14.6% retrace (99.41). New high on daily 3LB (reversal is 95.42).



SILVER
Spinning top day. Still above all SMA's. Midpoint above EMA(10). Made a new 0.0% retrace. Back above upper trend line. New high on daily 3LB (reversal is 33.30).



BKX
Spinning top day. Midpoint below EMA(10). Still below SMA(55). No daily 3LB changes (reversal is 53.10). Now below weekly 3LB reversal price.

LEFTBACK'S BOND REPORT

The Bond Report 3.2.11

A mild risk-on day and a big steepener. JNK and EMB were the winners. Long duration was steadily sold during the day. Claims tomorrow and then the MOST IMPORTANT NFP NUMBER IN HISTORY on Friday. Again.

Corpies: LQD -0.51%; AGG -0.18%; JNK 0.27%; HYG 0.00%
Govies: TLT -1.38%; IEI -0.25%; TIP -0.15%
Munis: IQI -0.08%; MUB -0.20%
Mortgages: MBB 0.00%
Specialty: ZROZ -2.29%; TBT 2.74%; EMB 0.13%

We are 29% long fixed income, and added to our hedge (15%).
Equity longs remain 17% divvys and 5% SPY.

We await the Ghaddafi demise relief rally.
"Suicide is painless, it brings on many changes..."