AmenRa's Corner 1.4.13

The Fed and Primary Dealers hard at work.


Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bullish short day (didn't confirm bearish harami). Midpoint above EMA(10). Still above all SMA's. Holding above the 38.2% minor retrace (1416.67). New high on daily 3LB (reversal is 1402.43). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.



DXY
Bearish short day. Midpoint above EMA(10). Holding above the 38.2% retrace (79.97). Holding above SMA(21,55,89). No dally 3LB changes (reversal is 79.25).



VIX
Bearish short day. Midpoint below EMA(10). Still below all SMA's. Tested and failed its 100.0% retrace (14.27). New low on daily 3LB (reversal is 19.48).



GOLD
Takuri day. Midpoint below EMA(10). Now failing its 50.0% retrace (1670.30). Now failing SMA(21,144,233). No daily 3LB changes (reversal is 1693.80). Must have the precious.



EURUSD
Bullish short day. Midpoint below EMA(10). Tested and held SMA(55). Now failing its 38.2% retrace (1.3138). No daily 3LB changes (reversal is 1.3259).



JNK
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Holding above its 100.0% retrace (40.86). No daily 3LB changes (reversal is 40.55).



10YR YIELD
Bearish long day. Still above all SMA's. Midpoint above EMA(10). Tested and failed its 61.8% minor retrace (19.37). New high on daily 3LB (reversal is 18.27).



WTI
Bullish short day (didn't confirm bearish harami). Holding above SMA(21,55,89,144). Midpoint above EMA(10). Tested and held its 61.8% minor retrace (92.32). No dally 3LB changes (reversal is 90.13).



SILVER
Doji day. Now 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
Bullish long day (didn't confirm bearish harami). Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% minor retrace (50.92). New high on daily 3LB (reversal is 51.60).



HYG/LQD
Doji day. Still above all SMA's. Midpoint above EMA(10). Holding above its 61.8% minor retrace (0.7765). New high on daily 3LB changes (reversal is 0.7714).



COPPER
Bearish short day (barely confirmed bearish harami). Midpoint above EMA(10). Still above all SMA's. Tested and held its 38.2% retrace (3.681). No daily 3LB changes (reversal is 3.536).



AAPL
Bearish long day. Tested and failed SMA(21). Midpoint above EMA(10). Holding above its 50.0% retrace (509.60). Still failing BB(2,200). No daily 3LB changes (reversal is 509.59).



CCI
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Now failing its 38.2% retrace (557.71). New low on daily 3LB (reversal is 557.37).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

3 comments:

AmenRa said...

Weekly 3LB Update 1/4/13

AmenRa said...

Hmmm. A couple of down days to get the 10yr yield down before the auction? Can't have the 10yr more than 200bps above the previous auction. Doesn't look good IMO. Even though I've heard that a higher yield indicates an improving economy (snark).

AmenRa said...

New.

Post a Comment

Disclosure/Warning

This blog should not be interpreted as investment advice of any kind. The authors are NOT representing themselves CTAs or CFAs or Investment/Trading Advisor of any kind. The authors may or may not trade in the markets discussed. The authors may hold positions opposite of what may by inferred by this blog.The information contained in this blog is taken from sources the authors believes to be reliable, but it is not guaranteed by the authors as to the accuracy or completeness thereof and is presented here for information purposes only. Commodity trading involves risk and is not for everyone.