AmenRa's Corner 10.24.12




Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bearish short day. Midpoint below EMA(10). Still failing SMA(55). Tested and failed the 38.2% minor retrace (1416.67). New low on daily 3LB (reversal is 1459.99). QE2infinity. Still below the trend line and also below the lowest trend line.



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



VIX
Spinning top day. Midpoint above EMA(10). Tested and held SMA(144). Tested and failed its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 14.05).



GOLD
Bearish short day. Midpoint below EMA(10). Still failing its 38.2% retrace (1730.90). Tested and failed SMA(55). New low on daily 3LB (reversal is 1737.60). Must have the precious.



EURUSD
Bearish short day. Midpoint below 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 long day. Midpoint below EMA(10). Tested and held SMA(21). Holding above its 61.8% minor retrace (40.10). No daily 3LB changes (reversal is 40.73).



10YR YIELD
Spinning top 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
Spinning top day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% minor retrace (87.97). New low on dally 3LB (reversal is 91.84).



SILVER
Spinning top day. Still failing SMA(55). Midpoint below EMA(10). Tested and failed its 38.2% minor retrace (32.24). No daily 3LB changes (reversal is 33.67).



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



HYG/LQD
Bearish short day. Tested and failed SMA(21). Midpoint below EMA(10). Holding above its 0.0% retrace (0.7536). No daily 3LB changes (reversal is 0.7800).



COPPER
Doji day. Midpoint below EMA(10). Tested and held SMA(144). Still failing its 38.2% retrace (3.673). No daily 3LB changes (reversal is 3.710).



AAPL
Spinning top day. Tested and held SMA(144). Midpoint below EMA(10). Tested and held its 61.8% minor retrace (612.20). No daily 3LB changes (reversal is 638.17).



CCI
Bearish short day. Midpoint below EMA(10). Still failing SMA(55). Tested and failed its 61.8% minor retrace (570.80). Daily 3LB reversal down (reversal is 587.50).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

5 comments:

Todd said...

Time for a bounce for the weekend or will APPL dissapoint.

AmenRa said...

Another overnight ramp followed by a listless day session which will close lower again.

AmenRa said...

AMZN EPS -0.60 consensus -0.03. Oops.

AmenRa said...

AAPL EPS 8.67 consensus 8.75. Sold more Ipads than consensus. Revenue slightly beats w/35.96B on consensus of 35.8B.

Todd said...

Not end of the world numbers. They are actually still having revenue growth. Not like a lot of companies where they are increasing EPS on falling revenue.

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