Monday, March 26, 2012

AmenRa's Corner 3.26.12

EOQ & EOM!!! EOQ & EOM!!! EOQ & EOM!!!


Creditcane™: I got caught in another f'in stampede.


SPX
Bullish marabozu day. Midpoint above EMA(10). Holding above all SMA's. Tested and held the 0.0% retrace (1405.88). Tested and held the upper trend line. Daily 3LB reversal up (reversal is 1392.78). QE2infinity.



DXY
Bearish long day. Midpoint below EMA(10). Tested and failed the 61.8% minor retrace (79.60). Tested and failed SMA(21). New low on daily 3LB (reversal is 79.79).



VIX
Doji day. Midpoint below EMA(10). Failing all SMA's. Holding above its 100.0% retrace (14.27). No daily 3LB changes (reversal is 16.80).



GOLD
Bullish long day. Midpoint above EMA(10). Tested and held its 50.0% retrace (1658.40). Tested and held SMA(21,89). No daily 3LB changes (reversal is 1711.50). Still above monthly 3LB mid. Must have the precious.



EURUSD
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21). Tested and held its 61.8% minor retrace (1.3227). No daily 3LB changes (reversal is 1.3465).



JNK
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21). Tested and held its 38.2% minor retrace (39.62). No daily 3LB changes (reversal is 39.88).



10YR YIELD
Bearish short day. Still above all SMA's. Midpoint above EMA(10). Tested and held its 61.8% minor retrace (22.85). No daily 3LB changes (reversal is 23.79).



WTI
Bullish short day. Tested and held SMA(21). Midpoint above EMA(10). Failing its 38.2% minor retrace (108.40). No dally 3LB changes (reversal is 110.31). Not confirming the monthly 3LB reversal down.



SILVER
Bullish short day (confirmed bullish harami). Tested and held SMA(89). Midpoint above EMA(10). Tested and held its 38.2% minor retrace (32.01). Daily 3LB reversal up (reversal is 31.35).



BKX
Bullish (closing) marabozu day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 50.0% minor retrace (50.01). Daily 3LB reversal up (reversal is 49.09).



HYG/LQD
Spinning top day. Tested and held SMA(233). Midpoint above EMA(10). Failing its 50.0% retrace (0.7942). No daily 3LB changes (reversal is 0.7846).



AAPL
Bullish short day. Still above all SMA's. Midpoint above EMA(10). Tested and failed its 0.0% retrace (606.90). New high on daily 3LB (reversal is 589.58).



XRT
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 0.0% retrace (61.90). New high on daily 3LB (reversal is 60.82).



Market Internals






VIX VXX VXZ
VXX is converging on VIX pretty quickly. The spread has gone from 6.55 at the beginning of March to 1.46 today.






IT HAS BEGUN. YOU HAVE BEEN WARNED.

45 comments:

  1. Russell 2k & Dow Trans still haven't taken out their 2011 highs as SPX, NASDAQ and Dow Indu have.

    Non confirmation of the move higher?

    ReplyDelete
  2. Just saw the update from Neely on the S&P500. Interestingly, his basic wave count from the Mar '09 lows, the marking of the wave beginnings and ends, now match what I had been suggesting all along. There had been subtle differences all along, but now we're more closely aligned.

    Love it.

    ReplyDelete
  3. http://espn.go.com/golf/masters12/story/_/id/7738153/2012-masters-tiger-woods-back-being-bookies-favorite-augusta

    ReplyDelete
  4. Follow note...Neely and I are still labelling the last few months a little differently...but he'll probably come around. Ha.

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  5. I'll lay Tiger Woods 4:1, up to a $100/$400 limit. First $100 to hit me gets filled...avoid the messy Vegas stuff....I'm a good credit, right CV?

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  6. AT,

    two things

    1. I'm fairly certain "invictus" (I used the name before the movie, look it up!) does political analysis rather than statistical. It is seemingly the common denominator that prompts each one of them. In fact, since it was revealed he worked for mother merrill, he's not legally allowed to publish any of that stuff in the first place anyway.

    2. Neely has been tapping the edge of relabel for a solid month now, he vanished for an entire week recently.....vacation. As an aside, anyone that followed my RSI post(s) would be watching government bonds right now with a great deal of interest, the 10 year in particular.....

    ReplyDelete
  7. b22

    quote:
    "As an aside, anyone that followed my RSI post(s) would be watching government bonds right now with a great deal of interest, the 10 year in particular....."


    Do you mean how it's bumping up against the 61.8% retrace (in the RSI) and the move down in the bond looks ready to accelerate?

    ReplyDelete
  8. The 90Day UST had a monthly 3LB reversal up in 01/12 and confirmation in 02/12. It's still above the monthly 3LB mid (0.065). It's above its upper trend line. Weekly RSI(14) isn't overbought (60.37). Ruh roh BB.

    ReplyDelete
  9. wont be making any charts for some time, slicing away on some fish yesterday and sliced 2 fingers, one to the bone... stooopid! spent almost 7 hours at the hospital waiting then getting stitched up... grrr

    Ra, 1406 history, next 18 is 1425.

    recap...paused at 1375, down a little then up to 1406, pause, down a little now on its way to 1425. holding 20 SSO calls bot this morning. i can do this all month long to cv's 1474 :)

    ReplyDelete
  10. QQQQ

    Ouch!!! Hope you get well soon. I'm thinking 1443.40 for the SPX which is the midpoint between 100%-61.8%.

    ReplyDelete
  11. Q4,

    that blows~ GWS!

    with that, though, now, may be the Time to learn about..

    ARTHROKINEMATICS

    Basic Functional Anatomy of the Thumb and Fingers

    "...The Fingers. All reciprocally concave-convex metacarpophalangeal joints are freely movable with the exception of abduction and adduction. The convex metacarpal heads fit snugly against the shallow sockets of the proximal phalanges. The interphalangeal joints are true hinge joints that allow considerable flexion but only slight hyperextension. The carpal-metacarpal articulations in the fingers are fortified by individual complex ligamentous apparatus surrounding each joint in all directions. This tends to restrict carpometacarpal motion.

    Finger motion is versatile because of the dynamic balance between muscles and tendons that creates an equilibrium of static and dynamic forces. This is an excellent example of viscoelastic forces that resist tendon-unit lengthening. The components involved are the fascia, tendon sheath, perimyseum, joint capsule, and joint inertia. If the viscoelastic forces on the anterior aspect exceed those on the posterior aspect and the extensors relax, for example, the digit flexes..."
    http://www.chiro.org/rc_schafer/Monograph_19.shtml

    for a starter..

    Table 4. Finger Motion...

    Finger Kinesiology and Strength...

    Finger Biomechanics...

    and, on, like that..

    "Knowledge Heals." ~

    AAIP

    ReplyDelete
  12. interesting 'side reading'..

    http://salmun.cwahi.net/health/nhr/gwah/gwah.htm#17

    Hydrotherapy can, indeed, aid the Healing of sutured wounds..

    though, as you may suspect, Hygiene, in such circumstances, is Critical..

    but, you'll, already, have that 'concern', w/, or w/o 'Hydrotherapy'..

    it's, fairly, simple, though, "Rules", like, 'Do not use unfiltered Pond Water'..and its ilk..are necessary..

    Hopefully, 'they' "taught" you, at the Hospital, 'How to care for your Dressings'..

    but, if not, that, too, can be 'self-taught'..

    All the best~

    ibid.

    ReplyDelete
  13. Ra, thx, sounds like more and more see 1440 so the 1443.40 looks good. Speaking of 61.8%, little finger cut is about 61.8% around the base of finger...imagine that!


    AAibid, thx, first thing i did was run water on it and applied presure to stop the bleeding, that took a very long time(hit a vien). Wrapped it like a mummy and drove to the hospital. Doc said many peeps put peroxide on it and that's very bad... it kills cells, so i did the right thing using water only.

    cleaned it again tonight, with distilled water...
    before cleaning pic, it keeps leaking
    Yesterday, the kitchen looked like a crime scene...lol

    ReplyDelete
  14. @qqqq

    f'in ouch man!!!

    U kno, I'm not sure, but think that the thing about hydrogen peroxide being 'bad' kind of comes from the fact that 'fad crazy' Americans started going hog wild & overusing it to help as a teeth whiteners...

    I think it also has to do a lot with what concentration of H2O2 you'd be using... Most regular stuff you buy in the store is 97% water (but there are higher concentrations)...

    Most docs are forced to err on the cautious side with things (so you don't end up suing their ass if something goes wrong)...

    So all I'm really saying is that you you could probably do a little of your own research on it & come up with a more personalized conclusion...

    I've almost cut fingers off several times & the doctors used H2O2... They were Johns Hopkins staff, so, well, come to your own conclusion...

    I'm sure distilled water is preferable to using 'pond water'...

    Bruce might want to weigh in on this subject... I'm just telling stories about what I've experienced & seen...

    ReplyDelete
  15. Oh here's a great idea ...

    ~~~

    http://www.nytimes.com/2012/03/27/business/ideas-on-company-pensions-include-turning-to-states.html?_r=2&ref=business

    ReplyDelete
  16. Richmond Fed Mfg Index: actual 7, prior 20, consensus 18.

    Consumer Confidence: actual 70.2, prior 70.8, consensus 70.9

    The regional Fed numbers have been horrible this week. Will this stop the bull?

    ReplyDelete
  17. "Will this stop the bull?"

    ~~~

    What? You mean this bull right here?

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

    ReplyDelete
  18. Ra,

    I'd prefer not to get too specific on the RSI for the bonds, just saying its giving a lot of clues for now.

    As for the QOTD

    I do this Ray Dalio thing now where I ask myself if anything is true

    I would have to conclude that quote is not true.

    ReplyDelete
  19. I do this Ray Dalio thing now where I ask myself if anything is true..



    interesting timing, I was, in the last couple of days, having a conversation that included, from myself: "Think about it, We don't Know anything. Only, when We use parameters, or 'in Context', can We begin to define 'What it is that We 'know'.."

    and, on like that..

    AAIP

    ReplyDelete
  20. cv, I hear ya, guess Doc's are just analysts too? But in this case I think he meant cleaning a cut minutes after the cut happened. Before stitching he used that reddish/yellowish liquid found in all hospitals. Not sure what it is. Also got a tetanus shot which now seems to ache more than the fingers do... lol

    ReplyDelete
  21. @qqqq

    probably iodine (reddish yellow liquid)

    ReplyDelete
  22. @qqqq

    I only use it in instances of severe bouts of pain (like dentistry work & throbbing of the cuts of your type)...

    But... Hydrocodone can be your friend at times...

    ReplyDelete
  23. But in this case I think he meant cleaning a cut minutes after the cut happened. Before stitching he used that reddish/yellowish liquid found in all hospitals....


    http://search.yippy.com/search?query=povidone&tb=sitesearch-all&v%3Aproject=clusty

    http://search.yippy.com/search?input-form=clusty-simple&v%3Asources=webplus-ns-aaf&v%3Aproject=clusty&query=betadine

    "...he meant cleaning a cut minutes after the cut happened..."

    x2

    ibid.

    the 'generic' "Povidone" can be found in, many, 'Big Box'-Shoppes..

    also, one can use it as a 'Showering-Aid'--you'll find that you can/will, greatly, cut-back on 'underarm' application of Branded chemical cocktails (aka, 'Deorderants'), at the very minimum..

    ReplyDelete
  24. Hydrocodone

    aka Hillbilly Heroin..

    http://search.yippy.com/search?input-form=clusty-simple&v%3Asources=webplus-ns-aaf&v%3Aproject=clusty&query=Hillbilly+Heroin

    best course of Action, "Don't." (Start..)

    AAIP

    LSS: there are other, as effective, Analgesics..

    and, really, if your 'Pain' is (that) Acute, trending to Chronic, there's a whole 'nother 'Kettle of Fish' to be concerned with..(something, else, is Wrong..)

    ReplyDelete
  25. Thus the disclaimer...

    "I only use it in instances of severe bouts of pain (like dentistry work & throbbing of the cuts of your type)...

    ReplyDelete
  26. ...as for the "reddish yellow liquid"...

    Well ~ the last 3 times I went into the hospital for stiches for deep cuts (which includes 3 times in the past 3 years)... I asked what the liquid was that they were putting on (which was reddish yellow)...

    They said... "iodine"...

    So I'm supposing they all weren't lying to me...

    ReplyDelete
  27. Q's

    that looks like it stung pretty bad

    here's to a quick recovery, cut fingers are the worst

    ReplyDelete
  28. @qqqq

    Sorry about that accident. that sucks.

    Tiger Woods trades 5:1 in the office.

    ReplyDelete
  29. @Andy

    I'm thinking about taking you up on that 4:1 Masters on TW (which would even be better than your office 5-1, for you)...

    My caveat would be that the $400 would, again, be payable in spot adjusted "junk silver"... Whereas your $100 (should I lose), be payable in FRN's...

    ReplyDelete
  30. Rationale on my part is as follows...

    For me, it's about like buying an OOTM call on spot silver... Here's the math:

    Spot silver is $32.66 as we speak...

    $32.66 x .9 (purity) = $29.39 = (round it off to 13 and a half oz.)...

    ~~~

    Now if the price of silver rises to... say... ($81 by next January ~ which would be absurd... right? right?)...

    $81 X 13.5 = $1093.50

    So essentially I'm getting 10-1 on the call option...

    I can't really say I'm at risk of 'missing' a 10-bagger by holding FRN's within the same timeframe...

    ~~~

    But that's how I roll...

    ReplyDelete
  31. @Andy

    You got $400 in junk silver lying around to "lay" on the prospect of getting a $100 FRN?

    ReplyDelete
  32. IOW ~ "Texas Hold 'em"

    Your bet has been called (& raised)...

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  33. Case-Shiller declines again yet New highs > new lows, advances > declines, trin saying sell, pc ratio saying buy, 10yr yield saying sell, vix saying sell. Yet the market is flat to higher. I'm so confused.

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  34. Almost didn't recognize Rosenberg on Bloomberg. Looks like he might have been hanging out with CV.

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  35. @Amen

    NOBODY hangs around with cv anymore...

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  36. CV

    It appeared that he had lost weight so I figured he slipped into some of your classes.

    ReplyDelete
  37. @Andy T

    Come on Andy... Let's hear it...

    Franklin/Kennedy halves are going for $11.77 on:

    http://www.coinflation.com/silver_coin_values.html

    $400 worth would be about 34 "halves" (rounded)...

    So you spot 34 of those against my $100 FRN... I take Tiger to win the Masters (this year)...

    ~~~

    This is the way the FREE MARKET is supposed to work...

    - settlement occurs based on the "currency" stated by the debt collector... Silver is my currency, fiat is yours...

    - Negotiation of 'trade' made in open outcry ~ My 'bet' is with Tiger, yours is with the field...

    How about it?

    ReplyDelete
  38. 80% of the people that take my classes are women... Rosie would have stuck out like a sore thumb...

    ReplyDelete
  39. CV

    quote:
    "80% of the people that take my classes are women..."


    You think he would have complained?

    ReplyDelete
  40. They said... "iodine"...

    So I'm supposing they all weren't lying to me...


    cv--

    they were, just, giving you the: "Answers for 'Idiots'"-Routine..

    in their 'World', 'Idiots'= non-"Medical Staff"

    ~~

    or, IOW, there's NFW they were using "Iodine".

    on that, I'll bet any # you'd care to Wager, at whatever odds you's like to choose..~

    ~~

    speaking of TW, I'll 'write the CDS' on the 'not 'el Tigre''-Wager, if necessary..

    :)

    AAIP

    ReplyDelete
  41. @AAIP

    I wouldn't doubt it if they were giving me the "answers for idiots"... But that's what they told me...

    ~~~

    On TW... If 'both' you and Andy want to WRITE that bet (on the terms I described above)... I'll take you both on with it...

    or... either, or...

    ReplyDelete
  42. $200 is my limit though...

    - $100 vs. Andy
    - $100 vs. AAIP

    I don't want to dip too far into my Kentucky Derby stash & I just had to pony up a stack of hundos for various fantasy baseball leagues...

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  43. If bearish the real time to worry is if the Russell 2K gets above its 2011 high (868.57). If you peep outside of the cave you'll probably see a band of hunters with shears.

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  44. @Amen

    $TRAN has yet to officially weigh in as well...

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  45. CV

    I know. I brought that up yesterday. I'll throw in my chart of "Dow Theory" with the rest later.

    ReplyDelete