AmenRa's Corner 2.7.12

"Not again!"

Creditcane™: Enough with the games Greece. Bend over and take the money or default.


SPX
Bullish short day (failed to confirm bearish harami again). Midpoint above EMA(10). Still above all SMA's. Holding above the minor 38.2% retrace (1314.25). New high on daily 3LB (reversal is 1312.41). QE2infinity.



DXY
Bearish long day. Midpoint below EMA(10). Failing the 61.8% minor retrace (79.60). Tested and failed SMA(89). New low on daily 3LB (reversal is 79.58).



VIX
Spinning top day (didn't confirm taker). Midpoint below EMA(10). Failing all SMA's. Failing its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 19.87).



GOLD
Bullish long day. Midpoint above EMA(10). Tested and held its 38.2% retrace (1721.30). Still above all SMA's. No daily 3LB changes (reversal is 1759.30). Still above monthly 3LB mid. Must have the precious.



EURUSD
Bullish long day. Midpoint above EMA(10). Tested and held SMA(55). Tested and held its 61.8% minor retrace (1.3222). New high on daily 3LB (reversal is 1.3087).



JNK
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 38.2% minor retrace (39.62). No daily 3LB changes (reversal is 39.12).




10YR YIELD
Bullish short day. Tested and held SMA(55). Midpoint above EMA(10). Holding above its 0.0% retrace (18.96). New high on daily 3LB (reversal is 17.99).



WTI
Bullish short day. Tested and held SMA(233). Midpoint below EMA(10). Tested and held its 50.0% retrace (97.71). No dally 3LB changes (reversal is 98.86). Not confirming the monthly 3LB reversal down.



SILVER
Bullish short day. Holding above SMA(89). Midpoint above EMA(10). Holding above its 38.2% minor retrace (31.85). New high on daily 3LB (reversal is 33.79).



BKX
Spinning top day (didn't confirm bearish harami). Midpoint above EMA(10). Still above all SMA's. Holding above its 50.0% retrace (43.76). No daily 3LB changes (reversal is 43.38).



HYG/LQD
Bullish short day. Tested and held SMA(55). Midpoint below EMA(10). Tested and held its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7908).



CRB
Bullish short day. Midpoint above EMA(10). Tested and held SMA(21). Still below its 38.2% retrace (325.01). No daily 3LB changes (reversal is 317.42).



BAC
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% minor retrace (7.37). No daily 3LB changes (reversal is 7.36).




IT HAS BEGUN. YOU HAVE BEEN WARNED.

5 comments:

AmenRa said...

http://www.zerohedge.com/news/greek-economy-implodes-budget-revenues-tumble-7-january-expectation-9-rise
Greek Economy Implodes: Budget Revenues Tumble 7% In January On Expectation Of 9% Rise

A miss of 16%?!? Austerity is destroying Greece and they still need more of it unless they default. The times will still be hard but it will be on their own terms.

Anonymous said...

AR,

That dead bear looks straved!

cv said...

nickles bitchez!

AmenRa said...

Funny how the 10yr yield approaches 2.00% before the auction. I guess the sub 1.85% wasn't attracting enough interest. So now we know the Fed will force yields higher before an auction. Since the safety of US debt is in question, who would want to hold for 10 years at 1.85%? (excluding Japan of course)

Anonymous said...

AmenRa,

"One" has to Feed Profits to the PD's, no?

"Primary Dealers"

ibid.

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