Friday, March 11, 2011

AmenRa's Corner

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



Creditcane™: Got my directions mixed up. Should've gone west instead of east.



SPX
Bullish thrusting day. Midpoint below EMA(10). Held SMA(55). Tested and passed the 23.6% retrace (1303.70). No daily 3LB (reversal is 1315.44). QE2infinity. "JBTFD" nuff said.



DXY
Bearish long day. Midpoint above EMA(10). Still below the 14.6% retrace (77.54). Below all SMA's. No daily 3LB changes (reversal is 76.40).



VIX
Bearish long day. Midpoint above EMA(10). Held above SMA(144). No daily 3LB changes (reversal is 15.81). Still in the "some fear" zone.



GOLD
Bullish thrusting day. Midpoint below EMA(10). No test of 0.0% retrace. Still above all SMA's. No daily 3LB changes (reversal is 1437.70). Still above upper trend line. Must have the precious.



EURUSD
Bullish long day. Midpoint below EMA(10). Still below 1.3891 (the 61.8% retrace). Above all SMA's. Held above 1.3782 (fibo .09). No daily 3LB changes (reversal is 1.3784).



LQD
Spinning top day. Tested but failed SMA(89). Midpoint above EMA(10). No daily 3LB changes (reversal is 109.22).




MUB
Spinning top day. Midpoint below EMA(10). Still below SMA(21). No daily 3LB changes (reversal is 99.26). Still above the weekly 3LB mid.



10YR YIELD
Spinning top day (or start of morning star). No test of 0.0% retrace at 37.44. Failing SMA(55). Midpoint below EMA(10). Still below the 23.6% retrace (34.11). No daily 3LB changes (reversal is 35.72).



WTI
Bearish long day. Still above all SMA's. Midpoint above EMA(10). No test 0.0% retrace. Failed to hold the 14.6% retrace (102.67). No daily 3LB changes (reversal is 99.63).



SILVER
Bullish short day (failed to confirm bearish engulfing). Still above all SMA's. Midpoint above EMA(10). No test 0.0% retrace. Well above upper trend line. No daily 3LB changes (reversal is 34.84).



BKX
Bullish thrusting day. Midpoint below EMA(10). Still below SMA(55). No daily 3LB changes (reversal is 51.86). Tested and held weekly 3LB reversal price.



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24 comments:

  1. AnonymousMarch 11, 2011 at 5:21 PM

    http://www.reuters.com/article/2011/03/11/financial-regulation-dividends-idUSN1114296320110311

    US Fed decision on bank dividends expected in days

    Analysts predict Wells, JPM, PNC, USB dividend boosts

    ReplyDelete
  2. AFIAMarch 11, 2011 at 5:28 PM

    That might be a Sell the News event, you can bet they will run those dogs on Monday !

    Ra, sorry about bonds this week. Too little time, too much life.....

    ReplyDelete
  3. AmenRaMarch 11, 2011 at 5:39 PM

    AFIA

    No problem.

    ReplyDelete
  4. AnonymousMarch 11, 2011 at 6:17 PM

    'Dudley faced persistent questions from the audience on food inflation. The president of the Federal Reserve Bank of New York said people forget that even as the price of food is rising, other prices are falling. He mentioned the price of the iPad 2, prompting guffaws from the audience.'

    I'll tell you what, these Fed guys are awesomely stupid.

    We've all said the "let them eat cake thing at some point in the last year

    we've got it all wrong, it's the 2000's baby

    let them buy iPads!

    ReplyDelete
  5. JenniferMarch 11, 2011 at 6:17 PM

    News from the "real" world...my not-so-little town has an Apple store. I pad 2 released today? Something big was going on -- line of hundreds of people waiting, literally winding all the way around the block, no parking to be found anywhere, so I assume it was all for Ipad 2. Fascinating. I clearly don't get it...

    ReplyDelete
  6. JenniferMarch 11, 2011 at 6:18 PM

    Obviously, I don't even get that the I is supposed to be "i".

    ReplyDelete
  7. JenniferMarch 11, 2011 at 6:19 PM

    Ben -- a while ago (december?) you posted a link to a blog called Sherrie Questioning All. I check in there from time to time, partly because she makes me look sane. Anyway, she had some really interesting stuff on solar flare activity within the last couple of days...and then this earthquake. Just sayin'.

    ReplyDelete
  8. JenniferMarch 11, 2011 at 6:22 PM

    Have a good weekend everyone! AR - thanks, always, for the wrap.

    ReplyDelete
  9. JenniferMarch 11, 2011 at 6:23 PM

    Oh -- and I'm pissed I didn't take the long setup. Seeing it and not taking it does not pay.

    ReplyDelete
  10. AnonymousMarch 11, 2011 at 6:28 PM

    Jennifer,

    I'll have to check that out.

    The apple store in the mall here has a nasty smell that comes out of it from all the people, it is always mobbed and then they have two employees for every one customer it seems, they staff two full time state police officers in the store, I hate going in that place.

    ReplyDelete
  11. AnonymousMarch 11, 2011 at 6:29 PM

    and yeah...you had that break right today pretty much in real time. always next week.

    ReplyDelete
  12. AnonymousMarch 11, 2011 at 6:30 PM

    very interesting take on QE2 basically saying it is irrelevant if they let QE2 wind down as planned. Makes sense too-

    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/3/11_Jim_Rickards_-_QE_is_dead,_long_live_QE!.html

    ReplyDelete
  13. AnonymousMarch 11, 2011 at 6:36 PM

    this is pretty wild:

    http://www.sfexaminer.com/local/bay-area/2011/03/teenager-who-survived-jump-golden-gate-bridge-faces-jail-time-fine

    ReplyDelete
  14. AnonymousMarch 11, 2011 at 7:05 PM

    b22-

    I've been on that bridge- not a small jump by any means-

    and that water is freezing cold- the surfers there wear heavy 5/3 wetsuits

    ReplyDelete
  15. AnonymousMarch 11, 2011 at 7:24 PM

    linkage:
    http://sherriequestioningall.blogspot.com/

    J-,

    good on ya, for chewing on some that s****..

    I think it helps keep the 'teeth', among other things, sharp.

    also, she has tsunami coverage..

    http://sherriequestioningall.blogspot.com/2009/05/webcams-in-pacific-and-atlantic-for.html

    AAIP

    ReplyDelete
  16. AnonymousMarch 11, 2011 at 8:29 PM

    http://www.youtube.com/watch?v=iGBq6Z-qFxo

    volcano action in Japan, as well..

    ReplyDelete
  17. CVMarch 11, 2011 at 8:30 PM

    @ahab

    What about this bridge?

    http://www.foxnews.com/images/root_images/031111_japantsunami_20110311_162918.jpg

    ReplyDelete
  18. AnonymousMarch 11, 2011 at 8:36 PM

    CV-

    looks like something from the movie 2012

    ReplyDelete
  19. AnonymousMarch 11, 2011 at 8:47 PM

    http://translate.google.com/translate?js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&sl=pl&tl=en&u=http%3A%2F%2Fwiadomosci.dziennik.pl%2Fswiat%2Fartykuly%2F325753%2Cna-dalekim-wschodzie-trzesie-sie-ziemia-i-wybuchaja-wulkany.html

    volcano action on Kamchatka Peninsula (Russia)

    ReplyDelete
  20. AnonymousMarch 11, 2011 at 9:03 PM

    http://finviz.com/quote.ashx?t=GRM&ty=c&ta=1&p=d

    ~16.03

    1st target, achieved~

    ibid.

    ReplyDelete
  21. AnonymousMarch 11, 2011 at 9:04 PM

    http://whatreallyhappened.com/

    worth looking over, today..

    ibid.

    ReplyDelete
  22. AnonymousMarch 11, 2011 at 9:49 PM

    pretty interesting that Armageddon appears to be upon us-

    but alas- folks line up to buy an iPad2?

    as if you couldn't sit and reflect- maybe a few days possibly- before you venture forth to purchase a new toy?

    and then we have fools from the Fed saying- food prices- WHO CARES!!!- you can get an iPad2 at the same price as an iPad1!

    as b22 said- maybe the new take on Marie Antoinette is "let them play on their iPads"

    ReplyDelete
  23. AnonymousMarch 11, 2011 at 10:27 PM

    http://www.usgs.gov/corecast/details.asp?ep=147

    USGS chinwag on Japan Quake/Tsunami..

    ibid.

    ReplyDelete
  24. AnonymousMarch 11, 2011 at 10:29 PM

    http://earthquake.usgs.gov/earthquakes/recenteqsww/

    World Map of recent Quakage..

    ReplyDelete