AmenRa's Corner 2/21/13




Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bearish short day (confirmed bearish engulfing). Midpoint below EMA(10). Tested and failed SMA(21). Still failing the 0.0% retrace (1524.69). New low on daily 3LB (reversal is 1530.94). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.



DXY
Bullish short day. Midpoint above EMA(10). Tested and failed the 61.8% minor retrace (81.51). Now above all SMA's. New high on dally 3LB (reversal is 80.51).



VIX
Bullish short day. Midpoint above EMA(10). Tested and failed SMA(89,144). Holding above its 0.0% retrace (12.29). New high on daily 3LB (reversal is 12.31).



GOLD
Bullish short day. Midpoint below EMA(10). Still failing its 61.8% retrace (1609.30). Still failing all SMA's. No daily 3LB changes (reversal is 1635.50). Must have the precious.



EURUSD
Bearish long day. Midpoint below EMA(10). Tested and failed failed SMA(55). Still failing its 50.0% retrace (1.3436). New low on daily 3LB (reversal is 1.3366).



JNK
Bullish short day. Midpoint above EMA(10). Still failing SMA(21,55). Holding above its 38.2% minor retrace (40.58). No daily 3LB changes (reversal is 40.82).



10YR YIELD
Bearish short day. Tested and held SMA(21). Midpoint below EMA(10). Holding above its 61.8% minor retrace (19.37). No daily 3LB changes (reversal is 19.46).



WTI
Bearish long day. Tested and failed SMA(55,144). Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (93.12). New low on dally 3LB (reversal is 96.42).



SILVER
Spinning top day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 61.8% minor retrace (30.25). No daily 3LB changes (reversal is 32.44).



BKX
Bearish long day. Midpoint below EMA(10). Still failing SMA(21). Still failing its 0.0% retrace (55.79). New low on daily 3LB (reversal is 55.71).



HYG/LQD
Bearish short day. Tested and failed SMA(21). Midpoint below EMA(10). Still failing its 38.2% retrace (0.7907). No daily 3LB changes (reversal is 0.7782).



COPPER
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(233). Still failing its 38.2% retrace (3.681). Daily 3LB reversal down (reversal is 3.784).



AAPL
Doji day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 61.8% retrace (463.72). Still failing BB(2,200). No daily 3LB changes (reversal is 501.75).



CCI
Bearish long 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 556.15).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

2 comments:

AmenRa said...

Weekly 3LB Update 2/22/13

AmenRa said...

Bunga Bunga!!!

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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.