AmenRa's Corner

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




Creditcane™: My mojo is back. Let's do this.


SPX
Bearish long day. Midpoint above EMA(10). Still above SMA(21). Tested and failed the 50.0% retrace (1204.58). No daily 3LB changes (reversal is 1254.05). QE2infinity. Above daily & weekly mids. Currently confirming monthly 3LB reversal down.



DXY
Bullish long day. Midpoint above EMA(10). Holding above its 0.0% retrace (73.51). Tested and held the 38.2% minor retrace (74.40). Back above SMA(21) and weekly 3LB mid. No daily 3LB changes (reversal is 75.75).



VIX
Spinning top day (need to look up 3 stars in the south). Midpoint below EMA(10). Still below SMA(21). Failing its 0.0% retrace (45.40). Failing its 38.2% minor retrace (33.51). No daily 3LB changes (reversal is 25.25). Still on parole from the "extreme fear" zone.



GOLD
Doji day. Midpoint above EMA(10). Tested and failed its 38.2% minor retrace (1828.28). Still above all SMA's. No daily 3LB changes (reversal is 1891.90). Must have the precious.



EURCHF
Bearish long day. Midpoint below EMA(10). Tested and failed its 38.2% retrace (1.1717). Tested and failed SMA(55). Daily 3LB reversal down (reversal is 1.1682). Ruh roh SNB.



JNK
Bearish short day (didn't close gap). Midpoint above EMA(10). Still above SMA(21). Failing its 50.0% retrace (38.60). No daily 3LB changes (reversal is 39.59).



10YR YIELD
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Holding above its 0.0% retrace (20.92). No daily 3LB changes (reversal is 20.71).



WTI
Doji day again. Still above SMA(21). Midpoint above EMA(10). Holding above its 0.0% retrace (80.32). Tested and held its 61.8% minor retrace (88.47). No dally 3LB changes (reversal is 92.08).



SILVER
Spinning top day. Holding above SMA(21). Midpoint above EMA(10). Held above its 38.2% retrace (40.74). No daily 3LB changes (reversal is 37.94).



BKX
Bearish long day. Midpoint above EMA(10). Still above SMA(21). Tested and failed its 38.2% minor retrace (38.82). No daily 3LB changes (reversal is 37.73).



HYG/LQD
Spinning top day. Holding above SMA(21). Midpoint above EMA(10). No test of its 0.0% retrace (0.7427). Tested and failed its 38.2% retrace (0.7840). No daily 3LB changes (reversal is 0.7910).



USDJPY
Bullish short day (with long hair). Midpoint below EMA(10). Tested and failed SMA(21). Held above its 38.2% retrace (76.561). No daily 3LB changes (reversal is 76.46).



TLT
Bullish long day. Midpoint above EMA(10). Holding above all SMA's. Tested and held its 38.2% minor retrace (106.41). No daily 3LB changes (reversal is 103.52).




IT HAS BEGUN. BE WARNED.

17 comments:

ben22 said...

Ra,

cool, thanks

re: Spinning tops

I hard thought that but you've got more experience than I do with the sticks

I'd say they are noteworthy

not trade worthy

AmenRa said...

FUnny comment at ZH:

myne

I know this is going to sound ignorant, but what IS the ES and 2s10s30s?

edwardscpa

2s10s30s = 42, the answer to life, the universe, and everything.

ben22 said...

I'd bet you a lot of money that "myne" has already placed trades before asking that question

yup....

Honey Badger said...

Honey Badger Don't Care

http://www.youtube.com/watch?v=4r7wHMg5Yjg

AmenRa said...

ben22

I get that feeling also. They're testing to see who else knows the information.

cv said...

I lost another post here...

---

CV's pics for tonight (NCAA)

http://fantasy-sports-nation.blogspot.com/2011/08/fantasy-sports-nation-week-1-ncaa-picks.html

AmenRa said...

Don't you just love the world we live in:

http://www.zerohedge.com/news/retaliation-greek-budget-expert-fired-standin-europe-telling-truth-about-countrys-insolvency
Retaliation: Greek Budget Expert Fired For Opposing Europe, Telling The Truth About Country's Insolvency

cv said...

What people 'love'... is...

- Celebrities
- dancing (with transsexual stars who are famous for being famous)
- scandals
- gladiators in the arena (football)
- making 'wagers' on all of the above (instead of investing CAPITAL on more worthy pursuits)

---

At any given time... there happen to be 'market makers' (who are keenly aware of this)...

Thus... we have things called:

- The New York Stock Exchange
- CME
- Wall St.
- "K" Street

& people like Ritholtz who can break it down for you all in 10 easy steps...

Happy InWesting!

ben22 said...

http://lh5.ggpht.com/-Xxjh7ytP5zU/TmAnxYLH4jI/AAAAAAAALlk/LUvlaIlxg84/s1600-h/NFPIntradayPattern%25255B2%25255D.png

AmenRa said...

ben22

So is it when NFP is strong it means less hiring by companies therefore it's weak for the economy and vice versa?

ben22 said...

Ra,

what it means for the economy I'm not sure but figured if people wanted to trade off a catalyst or something, like if the number was bte you could try to fade an initial bounce

or perhaps another conclusion, just buy technology, in the smallish sample set your odds seem pretty good there....apple right?

it's colorful at the minimum

AmenRa said...

http://newsandinsight.thomsonreuters.com/Legal/News/2011/09_-_September/Securities_regulators_seek_high-frequency_secret_sauce/
Securities regulators seek high-frequency secret sauce

WASHINGTON/NEW YORK, Sept 1 (Reuters) - Securities regulators have taken the unprecedented step of asking high-frequency trading firms to hand over the details of their trading strategies, and in some cases, their secret computer codes.

The requests for proprietary code and algorithm parameters by the Financial Industry Regulatory Authority (FINRA), a Wall Street brokerage regulator, are part of investigations into suspicious market activity, said Tom Gira, executive vice president of FINRA's market regulation unit.

"It's not a fishing expedition or educational exercise. It's because there's something that's troubling us in the marketplace," he said in an interview.

The Securities and Exchange Commission, meanwhile, has also begun making requests for proprietary algorithmic trading data as part of its authority to examine financial firms for compliance with U.S. regulations, according to agency officials and outside lawyers.

The requests by SEC examiners are not necessarily related to any suspicions of specific wrong-doing, although the decision to ask for it can be triggered by a tip, complaint or referral.

AmenRa said...

ben22

But a BTE number would mean no need for Fed intervention. So in order to get the Feds attention the market would have to crash.

ben22 said...

Ra,

I suppose employment is not the only determining factor in whether or not the fed does QE.

More importantly, that argument seems real popular now, but I'm simply saying what the chart shows, more often than not when it was BTE you see a lot more Red especially in financials, materials, and staples. Now whats more interesting is only 20% of the ten best day samples come after QE became a common reason for explaining market action.

AmenRa said...

What do you guy make of this:

http://www.nytimes.com/2011/09/02/business/us-is-set-to-sue-dozen-big-banks-over-mortgages.html?_r=2&pagewanted=2&hp
U.S. Is Set to Sue a Dozen Big Banks Over Mortgages

The federal agency that oversees the mortgage giants Fannie Mae and Freddie Mac is set to file suits against more than a dozen big banks, accusing them of misrepresenting the quality of mortgage securities they assembled and sold at the height of the housing bubble, and seeking billions of dollars in compensation.

The Federal Housing Finance Agency suits, which are expected to be filed in the coming days in federal court, are aimed at Bank of America, JPMorgan Chase, Goldman Sachs and Deutsche Bank, among others, according to three individuals briefed on the matter.

The suits stem from subpoenas the finance agency issued to banks a year ago. If the case is not filed Friday, they said, it will come Tuesday, shortly before a deadline expires for the housing agency to file claims.

QQQQ said...

AR, wonder how the credit unions are doing through the years of the housing bubble? I had an account with one many years ago and saw they have strict standards, unlike regular banks.

I really doubt anything will come out of the US sueing the big banks, the countrywides, but, would be nice if they did hold some responsible for the BS loans they did and the fraud they do everyday.

AmenRa said...

QQQQ

I think the credit unions kept the loans on their books and didn't securitize them.

Post a Comment

Disclosure/Warning

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.