AmenRa's Corner 12.17.12

Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.

SPX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(55). Tested and held the 38.2% minor retrace (1416.67). Daily 3LB reversal up (reversal is 1413.58). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.

DXY
Bearish short day. Midpoint below EMA(10). Still failing the 38.2% retrace (79.97). Still failing all SMA's. No dally 3LB changes (reversal is 80.41).

VIX
Bearish long day. Midpoint above EMA(10). Tested and failed SMA(55). Still failing its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 15.06).

GOLD
Doji day. Midpoint below EMA(10). Still failing its 38.2% retrace (1733.20). Still failing SMA(21,55,89). No daily 3LB changes (reversal is 1718.80). Must have the precious.

EURUSD
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% retrace (1.3138). New high on daily 3LB (reversal is 1.2939).

JNK
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 100.0% retrace (40.86). New high on daily 3LB (reversal is 40.68).

10YR YIELD
Bullish long day. Still above all SMA's. Midpoint above EMA(10). Tested and held its 38.2% minor retrace (17.47). New high on daily 3LB (reversal is 16.87).

WTI
Bullish short day. Tested and held SMA(21). Midpoint above EMA(10). Still failing its 38.2% minor retrace (88.45). No dally 3LB changes (reversal is 85.39).

SILVER
Bearish short day. Still failing SMA(89). Midpoint below EMA(10). Tested and held its 38.2% minor retrace (32.24). New low on daily 3LB (reversal is 32.81).

BKX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(55). Tested and held its 50.0% minor retrace (50.01). New high on daily 3LB (reversal is 49.33).

HYG/LQD
Bearish long day. Still above all SMA's. Midpoint above EMA(10). Tested and failed its 61.8% minor retrace (0.7765). New high on daily 3LB (reversal is 0.7685).

COPPER
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 38.2% retrace (3.681). No daily 3LB changes (reversal is 3.658).

AAPL
Bullish engulfing day. Still failing all SMA's. Midpoint below EMA(10). Tested and held its 50.0% retrace (509.60). Still failing BB(2,200). No daily 3LB changes (reversal is 533.25).

CCI
Bullish short day. Midpoint above EMA(10). Tested and failed SMA(21,55). Still failing its 61.8% minor retrace (570.80). No daily 3LB changes (reversal is 575.22).

IT HAS BEGUN. YOU HAVE BEEN WARNED.