AmenRa's Corner

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




Creditcane™: You may have won this battle but I will win the war.


SPX
Bullish long day. Midpoint above EMA(10). Back above SMA(21). Tested and held the 50.0% retrace (1204.58). No daily 3LB changes (reversal is 1254.05). QE2infinity. Back above daily & weekly mids but still below monthly 3LB mid.



DXY
Spinning top day. Midpoint below EMA(10). Holding above its 0.0% retrace (73.51). Failing the 38.2% minor retrace (74.40). Still below all SMA's. No daily 3LB changes (reversal is 75.75).



VIX
Bearish short day (closed gap). Midpoint below EMA(10). Back below SMA(21). Failing its 0.0% retrace (45.40). Tested and failed its 38.2% minor retrace (33.51). No daily 3LB changes (reversal is 25.25). Escaped the "extreme fear" zone.



GOLD
Bearish long day. Midpoint above EMA(10). Failing its 50.0% minor retrace (1804.89). Still above all SMA's. No daily 3LB changes (reversal is 1891.90). Must have the precious.



EURCHF
Bullish long day. Midpoint above EMA(10). Tested and held its 38.2% retrace (1.1717). Tested and held SMA(55). New high on daily 3LB (reversal is 1.1425).



JNK
Bullish long day. Midpoint above EMA(10). Back above SMA(21). Tested and held its 38.2% retrace (38.07). No daily 3LB changes (reversal is 39.59).



10YR YIELD
Bullish short day. Still failing all SMA's. Midpoint above EMA(10). Holding above its 0.0% retrace (20.92). New high on daily 3LB (reversal is 20.71).



WTI
Bullish long day. Back above SMA(21). Midpoint above EMA(10). Holding above its 0.0% retrace (80.32). Tested and failed its 50.0% minor retrace (86.00). No dally 3LB changes (reversal is 92.08).



SILVER
Bearish short day. Holding above SMA(21). Midpoint above EMA(10). Tested and failed its 38.2% retrace (40.74). No daily 3LB changes (reversal is 37.94).



BKX
Bullish long day. Midpoint above EMA(10). Back above SMA(21). Tested and held its 50.0% minor retrace (39.61). New high on daily 3LB (reversal is 35.49).



HYG/LQD
Bearish short day. Holding above SMA(21). Midpoint above EMA(10). No test of its 0.0% retrace (0.7427). Holding above its 61.8% minor retrace (0.7682). No daily 3LB changes (reversal is 0.7910).


USDJPY
Spinning top day. Midpoint above EMA(10). Tested and failed SMA(21). Tested and held its 38.2% retrace (76.561). No daily 3LB changes (reversal is 76.46).




IT HAS BEGUN. BE WARNED.

3 comments:

AmenRa said...

Gold is refusing to go down. Now that the options expiration and LTD for futures is out of the way it can continue higher. My .02

Andy T said...

My $.02....

The S&P500 rally above 1200 is a G-I-F-T to everyone....

AmenRa said...

Andy T

Considering that ISM & NFP are going to be MWTE (mucho WTE) anything above 1200 is an exiting opportunity.

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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.