AmenRa's Corner 12.24.12




Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bearish short day. Midpoint below EMA(10). Still above all SMA's. Holding above the 38.2% minor retrace (1416.67). No daily 3LB changes (reversal is 1413.58). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.



DXY
Bullish 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 80.25).



VIX
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 17.12).



GOLD
Spinning top day. Midpoint below EMA(10). Still failing its 50.0% retrace (1670.30). Still failing all SMA's. No daily 3LB changes (reversal is 1693.80). Must have the precious.



EURUSD
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% retrace (1.3138). No daily 3LB changes (reversal is 1.3171).



JNK
Bearish short day. Midpoint below EMA(10). Still above all SMA's. Tested and failed its 100.0% retrace (40.86). Daily 3LB reversal down (reversal is 40.97).



10YR YIELD
Bullish 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 16.97).



WTI
Bullish short day. Tested and held SMA(55). Midpoint above EMA(10). Still failing its 38.2% minor retrace (88.97). No dally 3LB changes (reversal is 86.49).



SILVER
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (30.25). No daily 3LB changes (reversal is 32.28).



BKX
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% minor retrace (50.92). No daily 3LB changes (reversal is 49.71).



HYG/LQD
Bearish short day. Still above all SMA's. Midpoint below EMA(10). Still failing its 50.0% minor retrace (0.7722). New low on daily 3LB (reversal is 0.7767).



COPPER
Bearish short day. Midpoint below EMA(10). Tested and held SMA(144). Still failing its 38.2% retrace (3.681). No daily 3LB changes (reversal is 3.706).



AAPL
Bullish short day. Still failing all SMA's. Midpoint below EMA(10). Holding above its 50.0% retrace (509.60). Still failing BB(2,200). No daily 3LB changes (reversal is 509.79).



CCI
Bearish short day (didn't confirm hammer). Midpoint below EMA(10). Tested and failed SMA(144). Still failing its 61.8% minor retrace (570.80). New low on daily 3LB (reversal is 565.89).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

5 comments:

AAIP said...

AmenRa,

in the midst of Receiving, I wanted to 'take a minute' to Thank You -- for the Valuable work you've done, and, so, Freely provided.

I, very much, appreciate what I have learned from your Charts, and Charting Technique (at the minimum..)

Here's hoping that You, and Yours, are Healthy and Happy, and that '013 is, even, better than '012..~

All the Best~

Mark E Hoffer.

BinT said...

great Christmas...ready for the new year

I for one, hope we go over the Cliff...extend and pretend seems to guarantee a decade or more of slow water torture growth, and that seems to be predicated on government spending to boost GDP

I think we get better faster with a reset...

AmenRa said...

Thanks AAIP.

AmenRa said...

Richmond Fed Mfg 5, previous 9, consensus 12.
Economists wrong again.

AmenRa said...

New.

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