AmenRa's Corner 3/11/13

Posted by AmenRa on Monday, March 11, 2013 /
"Eli, Eli, lama sabachthani?"


Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held the 0.0% retrace (1552.48). New high on daily 3LB (reversal is 1541.46). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.



DXY
Spinning top day. Midpoint above EMA(10). Holding above the 38.2% minor retrace (82.46). Still above all SMA's. No dally 3LB changes (reversal is 81.94).



VIX
Bearish long day. Midpoint below EMA(10). Still below all SMA's. Tested and failed its 0.0% retrace (12.29). New low on daily 3LB (reversal is 13.48).



GOLD
Doji day. Midpoint below EMA(10). Still failing its 61.8% retrace (1609.30). Still failing all SMA's. No daily 3LB changes (reversal is 1615.50). Must have the precious.



EURUSD
Bullish short day. Midpoint below EMA(10). Tested and held SMA(144). Still failing its 38.2% retrace (1.3138). No daily 3LB changes (reversal is 1.3122).



JNK
Doji day. Midpoint above EMA(10). Tested and held SMA(55). Holding above its 38.2% minor retrace (40.58). No daily 3LB changes (reversal is 40.55).



10YR YIELD
Bullish short day. Still above all SMA's. Midpoint above EMA(10). Holding above its 61.8% minor retrace (19.37). No daily 3LB changes (reversal is 18.53).



WTI
Bullish short day. Tested and failed SMA(89). Midpoint below EMA(10). Tested and held its 50.0% minor retrace (91.38). No dally 3LB changes (reversal is 92.63).



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 29.49).



BKX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 0.0% retrace (56.80). New high on daily 3LB (reversal is 55.59).



HYG/LQD
Bearish short day. Still above all SMA's. Midpoint above EMA(10). Holding above its 38.2% retrace (0.7907). No daily 3LB changes (reversal is 0.7783).



COPPER
Bullish short day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 38.2% retrace (3.681). No daily 3LB changes (reversal is 3.549).



AAPL
Bullish long 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 450.50).



CCI
Bullish short day. Midpoint above EMA(10). Tested and held SMA(21). Holding above its 50.0% retrace (547.13). Daily 3LB reversal up (reversal is 543.10).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

2 comments:

AmenRa said...

As the Fed keeps interest rates low and continues to devalue the dollar, the stock market rises. Investors seek riskier assets to get returns. But the Fed’s actions make the economy weaker as commodity prices rise, GDP growth declines, and unemployment rises. Firms’ profits reflect their cash holdings both here and offshore, and their hiring has been rising faster offshore as we make it more expensive to hire here in America.

http://www.marketwatch.com/story/why-does-the-dow-soar-while-economy-struggles-2013-03-08?link=MW_popular

March 11, 2013 at 8:36 PM
AmenRa said...

Look at a 1-min chart of VIX and see how it was slammed lower by .20 in the final minute.

March 11, 2013 at 10:15 PM

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