AmenRa's Corner 1/9/13




Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above the 38.2% minor retrace (1416.67). No daily 3LB changes (reversal is 1402.43). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.



DXY
Bullish long day. Midpoint above EMA(10). Holding above the 38.2% retrace (79.97). Tested and held SMA(55). New high on dally 3LB (reversal is 79.25).



VIX
Bullish long day (didn't confirm inverted hammer). Midpoint below EMA(10). Still below all SMA's. Still failing its 100.0% retrace (14.27). No daily 3LB changes (reversal is 14.56).



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
Bearish short day. Midpoint below EMA(10). Still failing SMA(21). Still failing its 38.2% retrace (1.3138). New low on daily 3LB (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). New high on daily 3LB (reversal is 40.66).



10YR YIELD
Bearish short day. Still above all SMA's. Midpoint above EMA(10). Still failing its 61.8% minor retrace (19.37). No daily 3LB changes (reversal is 18.27).



WTI
Doji day. Holding above SMA(21,55,89,144). Midpoint above EMA(10). Holding above its 61.8% minor retrace (92.32). No dally 3LB changes (reversal is 90.98).



SILVER
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Tested and held 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 51.60).



HYG/LQD
Spinning top day. Still above all SMA's. Midpoint above EMA(10). Holding above its 61.8% minor retrace (0.7765). No daily 3LB changes (reversal is 0.7714).



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 3.536).



AAPL
Bearish short day. Now failing SMA(21). Midpoint below 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. Still failing its 38.2% retrace (557.71). New low on daily 3LB (reversal is 554.62).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

3 comments:

BinT said...

just a thought here...I am reading a lot of economic articles that I would call Journalism Paparazzi...the kind of thing that can be produced and takes about 10 minutes. DOW trends based on the super bowl. Trying to deport a CNN anchor. You know. Fluffy, vacuous trifles that take up the electronic page.

I am really tired of it...just write something and get paid by the line..

AmenRa said...

BinT

I take it you missed the one about market trends if the SEC wins the championship. I actually heard this on Bloomberg. I quickly muted the tv in disbelief.

AmenRa said...

New.

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