AmenRa's Corner 5/2/13

aka the Fed, BOJ and ECB

Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.

SPX
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Tested and held the 0.0% retrace (1597.57). New high on daily 3LB (reversal is 1552.01). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.



DXY
Bullish long day. Midpoint below EMA(10). Tested and held the 50.0% minor retrace (81.99). Tested and failed SMA(55). Dally 3LB reversal up (reversal is 81.65).



VIX
Bearish long day. Midpoint above EMA(10). Tested and failed SMA(21,89,144). Still failing its 61.8% minor retrace (16.45). No daily 3LB changes (reversal is 13.36).



GOLD
Bullish short day. Midpoint above EMA(10). Holding above its 100.0% retrace (1407.40). Tested and failed SMA(21). No daily 3LB changes (reversal is 1586.70). Must have the precious.



EURUSD
Bearish long day. Midpoint above EMA(10). Tested and failed SMA(21,89,144). Tested and failed its 38.2% retrace (1.3145). No daily 3LB changes (reversal is 1.2995).



JNK
Bullish long day (closed gap). Midpoint above EMA(10). Still above all SMA's. Tested and held its 0.0% retrace (41.63). No daily 3LB changes (reversal is 41.75).



10YR YIELD
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% minor retrace (17.47). New low on daily 3LB (reversal is 16.85).



WTI
Bullish long day. Tested and held SMA(21,55,144,233). Midpoint above EMA(10). Tested and failed its 61.8% minor retrace (94.01). No dally 3LB changes (reversal is 86.97).



SILVER
Bullish harami day. Still failing all SMA's. Midpoint below EMA(10). Holding above its 0.0% retrace (22.55). No daily 3LB changes (reversal is 22.86).



BKX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (53.87). No daily 3LB changes (reversal is 54.03).



HYG/LQD
Bearish short day. Still failing SMA(55,89). Midpoint above EMA(10). Holding above its 61.8% minor retrace (0.7765). No daily 3LB changes (reversal is 0.7752).



COPPER
Bullish thrusting day. Midpoint below EMA(10). Still failing all SMA's. Tested and held its 0.0% retrace (3.102). No daily 3LB changes (reversal is 3.239).



AAPL
Bullish short day. Holding above SMA(55). Midpoint above EMA(10). Holding above its 38.2% minor retrace (406.99). Still failing BB(2,200). New high on daily 3LB (reversal is 392.05).



GSCI
Bullish long day (closed gap). Midpoint below EMA(10). Tested and held SMA(21). Tested and held its 61.8% minor retrace (31.04). No daily 3LB changes (reversal is 31.56).

IT HAS BEGUN. YOU HAVE BEEN WARNED.