AmenRa's Corner

"Yeah, that was us roaming around the markets today."

Creditcane™: Practice makes perfect. Then you practice some more.


SPX
Bearish long day. Midpoint above EMA(10). Tested and failed SMA(21). Tested and failed the 38.2% retrace (1241.13). No daily 3LB changes (reversal is 1285.09). QE2infinity. Back below monthly & daily 3LB mids.



DXY
Bullish long day. Midpoint above EMA(10). Tested and held the 62.8% retrace (77.27). Tested and held SMA(21) & SMA(55). New high on daily 3LB (reversal is 74.88). Not confirming the monthly 3LB reversal up.



VIX
Bullish long day. Midpoint above EMA(10). Back above all SMA's. Tested and held its 38.2% retrace (33.51). No daily 3LB changes (reversal is 48.00). The grip of the "fear" zone is strong.



GOLD
Bearish short day. Midpoint above EMA(10). Tested and failed its 61.8% minor retrace (1792.10). Still above all SMA's. No daily 3LB changes (reversal is 1639.80). Must have the precious.



EURUSD
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and failed its 61.8% minor retrace (1.3596). New low on daily 3LB (reversal is 1.4201).



JNK
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and failed its 50.0% retrace (38.24). No daily 3LB changes (reversal is 37.74).



10YR YIELD
Spinning top day (day 6 of not closing gap). Failing all SMA's. Midpoint below EMA(10). Failing its 38.2% minor retrace (21.37). New low on daily 3LB (reversal is 22.32).



WTI
Spinning top day. Tested and failed SMA(233). Midpoint above EMA(10). Holding above its 38.2% retrace (92.96). No dally 3LB changes (reversal is 94.07). Not confirming the monthly 3LB reversal down.



SILVER
Bearish long day. Holding above SMA(21). Midpoint above EMA(10). Tested and failed its 61.8% retrace (35.25). No daily 3LB changes (reversal is 36.58).



BKX
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and failed its 61.8% minor retrace (38.43). No daily 3LB changes (reversal is 36.51).



HYG/LQD
Bearish short day. Tested and failed SMA(55). Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (0.7643). No daily 3LB changes (reversal is 0.7966).



USDJPY
Doji day. Midpoint above EMA(10). Failing SMA(144). Tested and failed its 50.0% minor retrace (77.785). No daily 3LB changes (reversal is 75.70). Let's see how long this lasts. Still waiting and waiting and waiting and waiting.



LUMBER
Doji day. Still below all SMA's. Midpoint below EMA(10). No daily 3LB changes (reversal is 211.10). Doesn't look like too much building is going on.




IT HAS BEGUN. YOU HAVE BEEN WARNED.

14 comments:

Anonymous said...

After Hours: 46.48 -20.54 (-30.65%) 5:04PM EST

http://finance.yahoo.com/q?s=GMCR

gotta love it..when the Hype dies.

LIVE COVERAGE: Green Mountain Coffee Misses Revenue Estimates, Stock PlungesBusiness Insider(Wed 5:11PM EST)Green Mountain Falls Off A Cliff: Misses Estimates, Doesn't Address Einhornat Forbes(Wed 5:06PM EST)Green Mountain Earnings: Big Revenue Missat The Wall Street Journal(Wed 5:04PM EST)Green Mountain Plunges After Missing Estimatesat Bloomberg(Wed 5:00PM EST)Green Mountain Squashed on Revenue Missat TheStreet(Wed 5:00PM EST)[$$] Green Mountain Coffee Falls Shortat The Wall Street Journal(Wed 5:00PM EST)Green Mountain Plunges 30% After Earningsat Barrons.com(Wed 4:52PM EST)After Hours: Green Mountain Coffee shares sink after hoursat MarketWatch(Wed 4:48PM EST)Green Mountain Coffee Roasters Inc. Earnings Cheat Sheet: Revenue ClimbsWall St. Cheat Sheet(Wed 4:45PM EST)Green Mountain revenue misses, shares down 26 percentReuters(Wed 4:42PM EST)

"Accounting Fraud" 'issues', again, circling in the Background, as well..
~~

as an aside, it has been instructive to see how the "Kuerig"/"K-Cups" have been Marketed in the local store circulars/and Catalogs..

LSS: everyone was breathlessly exclaiming the availability, through them, of the new, latest and greatest Model/Flavor..

then, about ~two weeks ago || Advertising broke to the 30-50% off "your 'favorite' Model"...

ibid.

AmenRa,

nice wrappage, as per~

Anonymous said...

4:00PM EST: 36.03 1.92 (5.63%)

http://finance.yahoo.com/q?s=SODA&reco=1

McFear,

right you were, about this puppy 'needing to hold ~30'..

been hangin' in there, like a Champ..~

ibid.

ben22 said...

ibid,

right now I've got the Soda being rejected today by key upside resistance

the next two weeks or so seem very crucial for market direction

If SODA can break upward about $1 from today's highs I believe it could challenge for $49 again if overall market conditions can consolidate and move higher from here. This is my chart, haven't touched it in months and but my markers are coming back into play now:

http://tinypic.com/r/vwwysj/5

I'm not back involved again yet but watching pretty close

as for GMCR has a big gap still open down around $43, I haven't looked at it yet since about 4:15 but it still hadn't quite gotten there last I checked

David Einhorn just made bank, as he was short that name as of mid October

I swung long today about 3:30 using some Dec SPY ATM calls

I found enough evidence to think I had a good probability on them for at least a few days, VIX, tick and trin today, among other things.....

I'm still bullish intermediate term however, 1150, even though a lot of people are calling for it, hardly seems out of the question first.....time will tell

cv said...

@ben @ Amen

The YOU ARE HERE thing was a hoot... I gotta admit it had me going at first when I got ahold of it...

Looking back, I have to laugh... The site read...

highly advanced global position locator algorithm known as "Internet Global User Exact Specific Site," or "I-GUESS" for short...

That should have tipped me off, but I wasn't in to my 2nd cup of coffee yet...

I'll try to have at least 3 cups before I put up my NFL Picks this week...

They come out tomorrow (because we have THURSDAY NIGHT FOOTBALL featuring)...

http://www.youtube.com/watch?v=bTpbM3-vsI4

vs.

http://www.youtube.com/watch?v=OhJxekx0up0

---

I don't have a lean yet... But I'm thinking towards...

http://www.youtube.com/watch?v=whNOfvyPpaM

AmenRa said...

http://www.zerohedge.com/contributed/mf-global-repo-maturity-and-large-bank-obs-exposures
MF Global, Repo-to-Maturity and Large Bank OBS exposures

Chris Whalen makes the observation that GAAP accounting rules allow banks to under report EU sovereign debt by putting the bulk in OBS vehicles. So MF Global may have opened up a bigger can of worms.

ben22 said...

I'm no fundy pro by a longshot but it would seem to me that GAAP allows lots of companies to do all sorts of under/over reporting

ben22 said...

wow, JoePa is out effective now

I remain stunned......total shock right now

Anonymous said...

McB,

that's is a big turnaround..

I had heard, on the Radio, earlier Today, that "Paterno intends to finish the Season.."

AAIP

cv said...

@ben

I think he's (at the moment) TIED with Amos Alonso Stagg for the most number of college games coached...

So if that's the case, he won't get the record by himself...

ben22 said...

CV,

thats crazy, didn't know that

I had really thought once he announced he'd retire at the end of the year that would be that, I said a day or whatever ago that I figured they'd let him "step down" and bow out that way.

its all hard to watch

Andy T said...

I'm sorry Ben.

I can see both sides of it, but from State/governor perspective, everyone has to go after this deal.

As jay bilas said this morning..."60 year old man....10 year old boy....shower...". How much more detail did you need?

The supporters of JoePa point to the fact that he reported up the chain....

But, let's face it, if someone told you about a long time friend/coworker doing "something" in the showers with a kid, would you still associate with them?

That's the main issue for JP.

He had to go...

Andy T said...

I'm out the next four days..

Stay short em if you got em....

ben22 said...

AT,

I was the right thing to do, not sure if you have heard but apparently Mcqueary basically saw him raping the kid in the shower and I'm sorry but WTF????

and he apparently told Paterno what happened so, I mean I have no idea what exactly he told him, maybe he didn't tell him everything but regardless he had to do more than he did, like you say, old guy with a kid in a shower and you really don't even need any more graphic description

its absolutely disgusting

I just really still can't believe any of this, but this is the world.

Anonymous said...

on a different facet..

"We are grateful to the Washington Post, The New York Times, Time
Magazine and other great publications whose directors have attended
our meetings and respected their promises of discretion for almost
forty years."

"It would have been impossible for us to develop our plan for the world
if we had been subjected to the lights of publicity during those years.
But, the world is now more sophisticated and prepared to march towards a
world government. The supranational sovereignty of an intellectual elite
and world bankers is surely preferable to the national
auto-determination practiced in past centuries."
-- David Rockefeller
(1915- ) Internationalist billionaire, CFR kingpin, founder of the Trilateralist Commission, World Order Godfather
June 1991 Baden, Germany
Source: Bilderberger Meeting, Baden, Germany
http://quotes.liberty-tree.ca/quote_blog/David.Rockefeller.Quote.103D


"The interests behind the Bush Administration, such as the CFR, The Trilateral
Commission -- founded by Brzezinski for David Rockefeller -- and the
Bilderberger Group, have prepared for and are now moving to implement open
world dictatorship within the next five years. They are not fighting against
terrorists. They are fighting against citizens."
-- Dr. Johannes B. Koeppl, PhD
former German defense ministry official and advisor to former NATO Secretary General Manfred Werne
Source: November 6, 2001, interview with Michael C. Rupert, From The Wilderness Publications, 2001
http://www.fromthewilderness.com/free/ww3/zbig.html
http://quotes.liberty-tree.ca/quote_blog/Johannes.Koeppl.Quote.E425


"Open the books … and you will be staggered to see how much American money has
been taken from the United States Treasury for the benefit of Russia. Find out
what business has been transacted for the State Bank of Soviet Russia, by its
correspondent, the Chase Bank of New York [owned by the Rockefellers]."
-- Louis McFadden
(1876-1936) US Congressman (R-PA) (1915-1935), Chairman of House Banking and Currency Committee. Poisoned in 1936.
Source: 1933
http://quotes.liberty-tree.ca/quote_blog/Louis.McFadden.Quote.5042

AAIP

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.