AmenRa's Corner 10.23.12

Posted by AmenRa on Tuesday, October 23, 2012 /



Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(55). Tested and failed the 38.2% minor retrace (1416.67). New low on daily 3LB (reversal is 1465.77). QE2infinity. Still below the trend line and also below the lowest trend line.



DXY
Bullish long day. Midpoint above EMA(10). Tested and failed the 38.2% retrace (79.97). Tested and held SMA(21). No dally 3LB changes (reversal is 80.10).



VIX
Bullish short day. Midpoint above EMA(10). Now above all SMA's. Tested and held its 61.8% minor retrace (18.81). New high on daily 3LB (reversal is 14.05).



GOLD
Bearish long day. Midpoint below EMA(10). Tested and failed its 38.2% retrace (1730.90). Tested and failed SMA(55). New low on daily 3LB (reversal is 1759.70). Must have the precious.



EURUSD
Bearish long day. Midpoint above EMA(10). Tested and held SMA(21). Still failing its 38.2% retrace (1.3127). No daily 3LB changes (reversal is 1.2862).



JNK
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% minor retrace (40.10). No daily 3LB changes (reversal is 40.73).



10YR YIELD
Bearish short day. Still above all SMA's. Midpoint above EMA(10). Holding above its 38.2% minor retrace (17.47). No daily 3LB changes (reversal is 18.70).



WTI
Bearish long day. Still failing all SMA's. Midpoint below EMA(10). Tested and failed its 38.2% minor retrace (87.50). New low on dally 3LB (reversal is 92.95).



SILVER
Bearish long day. Tested and failed SMA(55). Midpoint below EMA(10). Tested and failed its 38.2% minor retrace (32.24). New low on daily 3LB (reversal is 33.67).



BKX
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and failed its 50.0% minor retrace (50.01). No daily 3LB changes (reversal is 51.64).



HYG/LQD
Bearish long day. Tested and failed SMA(21). Midpoint below EMA(10). Tested and failed its 0.0% retrace (0.7536). New low on daily 3LB (reversal is 0.7547).



COPPER
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(55,233). Still failing its 38.2% retrace (3.673). New low on daily 3LB (reversal is 3.710).



AAPL
Bearish long long day. Tested and failed SMA(89). Midpoint below EMA(10). Tested and failed its 50.0% minor retrace (629.73). No daily 3LB changes (reversal is 638.17).



CCI
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(55). Tested and failed its 61.8% minor retrace (570.80). No daily 3LB changes (reversal is 569.70).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

2 comments:

AmenRa said...

Reversals come from gap downs not gap ups. Just sayin'

October 24, 2012 at 9:27 AM
AmenRa said...

quote:
"The Committee will closely monitor incoming information on economic and financial developments in coming months.  If the outlook for the labor market does not improve substantially, the Committee will continue its purchases of agency mortgage-backed securities, undertake additional asset purchases, and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability."

October 24, 2012 at 2:48 PM

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