AmenRa's Corner

Posted by AmenRa on Tuesday, April 5, 2011 /
A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.



Creditcane™: Not even a rebalancing could fully cause any damage.



SPX
Spinning top day again. Midpoint above EMA(10). Above all SMA's. Above the 14.6% retrace (1319.09). No daily 3LB changes (reversal is 1319.44). QE2infinity. "JBTFD. Don't question it. Just do it."



DXY
Spinning top day. Midpoint below EMA(10). Held the 0.0% retrace (75.63) from 11/4/10. Below all SMA's. No daily 3LB changes (reversal is 76.33).



VIX
Bearish short day (possible evening star confirmation). Midpoint below EMA(10). Still below all SMA's. New low on daily 3LB (reversal is 17.91). Still in the "no fear" zone.



GOLD
Bullish long day. Midpoint above EMA(10). Made a new 0.0% retrace. Now above all SMA's. New high on daily 3LB (reversal is 1413.80). Holding above upper trend line. Must have the precious.



EURUSD
Doji day. Midpoint above EMA(10). Still above 1.3870 (the 61.8% retrace). Above all SMA's. No daily 3LB changes (reversal is 1.3988).



JNK
Bearish harami day. Midpoint above EMA(10). Still above SMA(21,55,89). Closed back below its 50.0% retrace (40.42). Still below lower trend line. No daily 3LB changes (reversal is 40.52).



10YR YIELD
Bullish long day (confirmed hammer). No test of 0.0% retrace at 37.44. Back above SMA(55). Midpoint above EMA(10). Held the upper trend line. No daily 3LB changes (reversal is 34.04).



DJ TRANS AVG
Bearish short day (possible evening star confirmation). Still above all SMA's. Midpoint above EMA(10). No daily 3LB changes (reversal is 5276.75).



WTI
Spinning top day. Still above all SMA's. Midpoint above EMA(10). No test of 0.0% retrace. No dally 3LB changes (reversal is 105.39).




SILVER
Hanging man day. Still above all SMA's. Midpoint above EMA(10). Made a new 0.0% retrace. Holding upper trend line. New high on daily 3LB (reversal is 37.51).



EEM
Spinning top day. Midpoint above EMA(10). Above all SMA's. New high on daily 3LB (reversal is 48.25).





AT's Silver "Addition":



4 comments:

Anonymous said...

Crude Oil 107.94 -0.53 -0.49
Natural Gas 4.223 -0.066 -1.54
Corn 766.75 +6.50 +0.86
Soybeans 1373.25 -10.75 -0.78
30yr Bond 119.84375 -0.53125 -0.44
10yr Note 118.765625 -0.453125 -0.38
NY Gold 1457.8 +24.8 +1.73
NY Silver 39.300 +0.806 +2.09
http://www.ino.com/

52wk Range: 15.25 - 27.15
Volume: 2,169
Avg Vol (3m): 5,063
Last Trade: 7.76
Trade Time: 12:42PM EDT
Change: -19.39 (71.43%)
http://finance.yahoo.com/q?s=TGSNF&ql=1

wtf? "Haircut"
~~

AmenRa,

as per, nice wrappage..~

AAIP

April 5, 2011 at 5:35 PM
AmenRa said...

Gold and silver still pushing higher in the AH while the Yen is selling off hard. Of course that means ES, YM, NQ are all higher currently. (snark)

April 5, 2011 at 7:07 PM
Andy T said...

I added another daily look at the Silver action. Si held support nicely overnight and powered higher again. The chart appended to the Wrap highlights short term support and resistance.

It's a beast.

April 5, 2011 at 7:57 PM
AmenRa said...

Must not be much happening in the markets...

April 5, 2011 at 11:25 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.