AmenRa's Corner 4/3/13

Posted by AmenRa on Wednesday, April 3, 2013 /



Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and failed the 0.0% retrace (1570.28). Daily 3LB reversal down (reversal is 1570.25). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.



DXY
Bearish short day. Midpoint below EMA(10). Holding above the 38.2% minor retrace (82.46). Tested and held SMA(21). No dally 3LB changes (reversal is 82.13).



VIX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21,55). Holding above its 0.0% retrace (11.50). No daily 3LB changes (reversal is 11.30).



GOLD
Bearish long day. Midpoint below EMA(10). Still failing its 61.8% retrace (1610.90). Now failing all SMA's. New low on daily 3LB (reversal is 1617.10). Must have the precious.



EURUSD
Bullish short day. Midpoint below EMA(10). Still failing all SMA's. Holding above its 61.8% minor retrace (1.2770). No daily 3LB changes (reversal is 1.2884).



JNK
Doji day. Midpoint below EMA(10). Tested and held SMA(89). Holding above its 38.2% minor retrace (40.58). No daily 3LB changes (reversal is 41.04).



10YR YIELD
Bearish long day. Tested and failed SMA(89). Midpoint below EMA(10). Tested and failed its 50.0% minor retrace (18.42). New low on daily 3LB (reversal is 18.79).



WTI
Bearish long day. Tested and failed SMA(55). Midpoint above EMA(10). Holding above its 61.8% minor retrace (93.72). Dally 3LB reversal down (reversal is 97.23).



SILVER
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 61.8% minor retrace (30.25). New low on daily 3LB (reversal is 28.33).



BKX
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(55). Still failing its 0.0% retrace (57.33). New low on daily 3LB (reversal is 56.28).



HYG/LQD
Bearish long day. Tested and failed SMA(55). Midpoint below EMA(10). Still failing its 38.2% retrace (0.7907). Daily 3LB reversal down (reversal is 0.7923).



COPPER
Bearish long day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 50.0% minor retrace (3.381). New low on daily 3LB (reversal is 3.405).



AAPL
Spinning top 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 463.58).



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 552.50).



GOLD wkly 3LB
Has retraced over 100% of the June 2012 - Oct 2012 move. It's about to test the 50% retrace of the July 2010 - Sept 2011 move.







IT HAS BEGUN. YOU HAVE BEEN WARNED.

2 comments:

AmenRa said...

http://www.bloomberg.com/news/2013-04-04/asian-stocks-fall-on-economic-growth-concern-before-boj.html
Asia Stocks Pare Drop as Bank of Japan Expands Stimulus

Asian stocks pared declines after the Bank of Japan (8301) said it will buy longer-term government bonds as part of broader measures to expand its asset purchase program. Japanese shares reversed losses.

The race to the bottom continues...

April 4, 2013 at 1:30 AM
AmenRa said...

New.

April 4, 2013 at 5:55 PM

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