AmenRa's Corner 3/1/13

Posted by AmenRa on Saturday, March 2, 2013 /



Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bullish short day. Midpoint above EMA(10). Tested and held SMA(21). Still failing the 0.0% retrace (1524.69). No daily 3LB changes (reversal is 1521.38). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.



DXY
Bullish long day. Midpoint above EMA(10). Tested and held the 50.0% minor retrace (81.99). Still above all SMA's. New high on dally 3LB (reversal is 81.46).



VIX
Bearish short day. Midpoint above EMA(10). Tested and failed SMA(89,144). Still failing its 61.8% minor retrace (17.12). No daily 3LB changes (reversal is 14.32).



GOLD
Bearish short day. Midpoint below EMA(10). Still failing its 61.8% retrace (1609.30). Still failing all SMA's. Daily 3LB reversal down (reversal is 1615.50). Must have the precious.



EURUSD
Bearish short day. Midpoint below EMA(10). Tested and held SMA(144). Still failing its 38.2% retrace (1.3138). New low on daily 3LB (reversal is 1.3172).



JNK
Bullish long day. Midpoint below EMA(10). Tested and held SMA(21). Holding above its 38.2% minor retrace (40.58). No daily 3LB changes (reversal is 40.55).



10YR YIELD
Spinning top day. Still failing SMA(55). Midpoint below EMA(10). Tested and held its 50.0% minor retrace (18.42). New low on daily 3LB (reversal is 20.19).



WTI
Bearish long day. Tested and failed SMA(89). Midpoint below EMA(10). Tested and failed its 50.0% minor retrace (91.38). New low on dally 3LB (reversal is 92.84).



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 below EMA(10). Tested and held SMA(55). Still failing its 0.0% retrace (55.79). No daily 3LB changes (reversal is 55.13).



HYG/LQD
Bullish short day. Tested and failed SMA(55). Midpoint below EMA(10). Holding above its 61.8% minor retrace (0.7765). No daily 3LB changes (reversal is 0.7842).



COPPER
Bearish long day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 38.2% retrace (3.681). New low on daily 3LB (reversal is 3.569).



AAPL
Bearish long day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 61.8% retrace (463.72). Still failing BB(2,200). New low on daily 3LB (reversal is 485.92).



CCI
Bearish long day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 50.0% retrace (547.13). New low on daily 3LB (reversal is 554.92).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

3 comments:

AmenRa said...

Weekly 3LB Update 3/1/13

March 3, 2013 at 1:39 AM
Matthew said...

Prospects of JNK seem limited. In my opinion, the best case scenario is muddle along and earn the coupons (which are not especially appetizing, given the tight spreads).

March 3, 2013 at 11:24 AM
AmenRa said...

New (yes it's late).

March 5, 2013 at 1:18 AM

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