AmenRa's Corner

...can prevent market melt ups when the bond market is closed.

Creditcane™: I am found in the bond market. I'll be back on Monday.

SPX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(144). Tested and held the 38.2% retrace (1241.13). No daily 3LB changes (reversal is 1285.09). QE2infinity. Back above monthly & daily 3LB mids.



DXY
Bearish long day. Midpoint above EMA(10). Tested and failed the 62.8% retrace (77.27). Holding above all SMA's. No daily 3LB changes (reversal is 74.88). Not confirming the monthly 3LB reversal up.



VIX
Spinning top day (confirmed bearish harami). Midpoint below EMA(10). Failing SMA(21). Tested and held its 50.0% retrace (29.84). No daily 3LB changes (reversal is 48.00). The grip of the "fear" zone is strong.



GOLD
Bullish long day. Midpoint above EMA(10). Failing 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
Bullish long day. Midpoint below EMA(10). Failing all SMA's. Tested and held its 38.2% minor retrace (1.3713). No daily 3LB changes (reversal is 1.4201).



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



10YR YIELD
No change day (bond market closed). Failing all SMA's. Midpoint below EMA(10). Failing its 38.2% minor retrace (21.37). No daily 3LB changes (reversal is 22.32).



WTI
Bullish long day. Above all SMA's. Midpoint above EMA(10). Tested and held its 50.0% retrace (97.35). New high on dally 3LB (reversal is 95.52). Not confirming the monthly 3LB reversal down.



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



BKX
Bullish short day. Midpoint below EMA(10). Tested and held SMA(21). Holding above its 61.8% minor retrace (38.43). No daily 3LB changes (reversal is 36.51).



HYG/LQD
Bullish long day. Tested and held SMA(21). Midpoint above EMA(10). Holding above its 61.8% minor retrace (0.7643). No daily 3LB changes (reversal is 0.7966).



USDJPY
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(89). Tested and failed its 61.8% minor retrace (77.497). No daily 3LB changes (reversal is 75.70). Let's see how long this lasts.



COPPER
Bullish long day. Midpoint below EMA(10). Tested and held SMA(21). Tested and held its 61.8% minor retrace (3.452). No daily 3LB changes (reversal is 3.706).

IT HAS BEGUN. YOU HAVE BEEN WARNED.

EUROPE SOVEREIGN DEBT PLUS NON TRIGGERING CDS EQUALS...

Morning Corner 11.11.11

NFLX (weekly info)
-no change (above mid)
trend=down
low= 83.46
rev= 155.60; mid= 119.53


Even though this week has been somewhat bullish in the market it hasn't helped NFLX. It's back below the SMA(233). It's testing the 61.8% minor retrace. These small body weekly candles do not bode well the future of NFLX.



AAPL (weekly info)
-no change (below mid)
trend=no
direction=down (1 bar)
low= 392.87
rev= 422.00; mid= 407.44

AAPL is losing it's bullish momentum. It looks like it will close below SMA(13) this week. It also appears that is will make a confirmation low on the weekly 3LB.

AmenRa's Corner

"You would think that after being burned they would avoid putting their hands in the fire. Guess they didn't learn the lesson the first time."

Creditcane™: Credit sees me on the radar. Equities are flying blind.

SPX
Bullish short day. Midpoint below 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. Still below monthly & daily 3LB mids.



DXY
Bearish thrusting day. Midpoint above EMA(10). Holding above the 62.8% retrace (77.27). Holding above all SMA's. No daily 3LB changes (reversal is 74.88). Not confirming the monthly 3LB reversal up.



VIX
Spinning top day (possible bearish harami). Midpoint above EMA(10). Tested and failed SMA(55). Tested and failed 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). Failing 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
Bullish thrusting day. Midpoint below EMA(10). Failing all SMA's. Tested and failed its 61.8% minor retrace (1.3596). No daily 3LB changes (reversal is 1.4201).



JNK
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(89). Tested and failed its 50.0% retrace (38.24). No daily 3LB changes (reversal is 37.74).



10YR YIELD
Spinning top day (day 7 of not closing gap). Failing all SMA's. Midpoint below EMA(10). Failing its 38.2% minor retrace (21.37). No daily 3LB changes (reversal is 22.32).



WTI
Bullish long day. Tested and held SMA(233). Midpoint above EMA(10). Tested and held its 50.0% retrace (97.35). New high on dally 3LB (reversal is 94.26). Not confirming the monthly 3LB reversal down.



SILVER
Bullish short day. Holding above SMA(21). Midpoint below EMA(10). Failing its 61.8% retrace (35.25). No daily 3LB changes (reversal is 36.58).



BKX
Spinning top day (possible bearish harami). Midpoint below EMA(10). Tested and failed SMA(21). Tested and held its 61.8% minor retrace (38.43). No daily 3LB changes (reversal is 36.51).



HYG/LQD
Bearish short day. Tested and failed SMA(21). Midpoint below EMA(10). Holding above its 61.8% minor retrace (0.7643). No daily 3LB changes (reversal is 0.7966).



USDJPY
Bearish short 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.

IT HAS BEGUN. YOU HAVE BEEN WARNED.

Morning Corner 11.10.11

HYG (weekly info)
-no change (above mid)
trend=up
high= 90.12
rev= 85.21; mid= 87.67


The bearish harami formed last week appears to have a confirmation this week. It's back below the weekly 3LB mid. The MACD is moving lower. It has broken below the SMA(89) & SMA(55).



HYG (weekly info)
-no change (above mid)
trend=up
high= 90.12
rev= 85.21; mid= 87.67


The bearish harami formed last week appears to have a confirmation this week. It's back below the weekly 3LB mid. The MACD is moving lower. It has broken below the SMA(89) & SMA(55).



XLF (weekly info)
-no change (above mid)
trend=no
direction=up (1 bar)
high= 14.05
rev= 12.68; mid= 12.87

XLF is acting like HYG in that it had a bearish harami last week which is being confirmed this week. It's back below the weekly 3LB mid. It's below all SMA's except SMA(21).

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.