AmenRa's Corner 11.28.12

Posted by AmenRa on Wednesday, November 28, 2012 /



Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bullish short day. Midpoint above EMA(10). Tested and held SMA(21). Tested and held the 50.0% minor retrace (1399.90). New high on daily 3LB (reversal is 1387.81). QE2infinity. Still below 2 of 3 trend lines and RSI(14) back above 50.



DXY
Bearish short day (didn't confirm bullish engulfing). Midpoint below EMA(10). Holding above the 38.2% retrace (79.97). Still failing SMA(21). No dally 3LB changes (reversal is 80.80).



VIX
Bearish long day (didn't confirm bullish engulfing). Midpoint below EMA(10). Tested and failed SMA(21,55,89). Still failing its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 16.64).



GOLD
Bearish long day. Midpoint below EMA(10). Tested and failed its 38.2% retrace (1730.90). Tested and failed SMA(21). Daily 3LB reversal down (reversal is 1753.70). Must have the precious.



EURUSD
Doji day. Midpoint above EMA(10). Tested and held SMA(55). Holding above its 61.8% minor retrace (1.2759). No daily 3LB changes (reversal is 1.2777).



JNK
Spinning top day. Midpoint above EMA(10). Tested and held SMA(55). Holding above its 61.8% minor retrace (40.10). New high on daily 3LB (reversal is 40.06).



10YR YIELD
Spinning top day. Now failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% minor retrace (17.47). No daily 3LB changes (reversal is 15.89).



WTI
Bearish short day. Tested and failed SMA(21). Midpoint below EMA(10). Still failing its 38.2% minor retrace (88.45). No dally 3LB changes (reversal is 84.87).



SILVER
Hanging man day (confirmed bearish engulfing). Tested and held SMA(55). Midpoint above EMA(10). Holding above its 38.2% minor retrace (32.24). No daily 3LB changes (reversal is 33.29).



BKX
Bullish short day. Midpoint below EMA(10). Tested and failed SMA(89). Still failing its 38.2% minor retrace (49.10). No daily 3LB changes (reversal is 46.68).



HYG/LQD
Bullish short day. Tested and failed SMA(55). Midpoint above EMA(10). Holding above its 0.0% retrace (0.7536). New high on daily 3LB (reversal is 0.7545).



COPPER
Bearish short day. Midpoint above EMA(10). Tested and held SMA(144). Holding above its 61.8% minor retrace (3.443). No daily 3LB changes (reversal is 3.483).



AAPL
Bullish short day. Tested and held SMA(233). Midpoint above EMA(10). Holding above its 38.2% retrace (555.47). Still failing BB(2,200). No daily 3LB changes (reversal is 536.88).



CCI
Doji day. Midpoint above EMA(10). Tested and failed SMA(55). Tested and held its 61.8% minor retrace (570.80). No daily 3LB changes (reversal is 568.04).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

2 comments:

AmenRa said...

It's hard for the bears when they have to go against Boehner, Obama and Hilsenrath. Patience young padawan. Patience.

November 28, 2012 at 7:32 PM
AmenRa said...

The Boehner trade failed miserably today (for those that hoped for a quick move higher). Now Reid and Durbin are running their mouths.

November 29, 2012 at 12:10 PM

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