AmenRa's Corner 5/28/13




Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Still failing the 0.0% retrace (1667.47). No daily 3LB changes (reversal is 1669.16). 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 0.0% retrace (84.00). Still above all SMA's. No dally 3LB changes (reversal is 83.61).



VIX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(89). Still failing its 61.8% minor retrace (16.45). New high on daily 3LB (reversal is 13.37).



GOLD
Bearish short day. Midpoint below EMA(10). Holding above its 0.0% retrace (1335.10). Still below all SMA's. No daily 3LB changes (reversal is 1586.70). Must have the precious.



EURUSD
Bearish long day. Midpoint below EMA(10). Now failing all SMA's. Still failing its 38.2% retrace (1.3145). No daily 3LB changes (reversal is 1.2973).



JNK
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(55). Still failing its 0.0% retrace (41.86). New low on daily 3LB (reversal is 41.47).



10YR YIELD
Bullish LONG day. Still above all SMA's. Midpoint above EMA(10). Holding above its 61.8% minor retrace (19.37). New high on daily 3LB (reversal is 19.52).



WTI
Bullish long day. Tested and held SMA(55,144,233). Midpoint below EMA(10). Tested and held its 61.8% minor retrace (94.30). No dally 3LB changes (reversal is 96.45).



SILVER
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Tested and failed its 0.0% retrace (22.60). New low on daily 3LB (reversal is 23.01).



BKX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 0.0% retrace (61.70). New high on daily 3LB (reversal is 61.13).



HYG/LQD
Bearish short day. Tested and held SMA(21). Midpoint above EMA(10). Tested and held its 38.2% retrace (0.7907). No daily 3LB changes (reversal is 0.7880).



COPPER
Spinning top day. Midpoint below EMA(10). Tested and held SMA(21). Tested and failed its 38.2% minor retrace (3.332). No daily 3LB changes (reversal is 3.132).



AAPL
Bearish short day. Tested and failed SMA(21,89). Midpoint above EMA(10). Still failing its 61.8% retrace (463.72). Still failing BB(2,200). No daily 3LB changes (reversal is 463.84).



GSCI
Bearish short day. Midpoint above EMA(10). Tested and failed SMA(55). Holding above its 61.8% minor retrace (31.04). No daily 3LB changes (reversal is 30.05).



IWM
Doji day. Midpoint above EMA(10). Now above al SMA's. Tested and held its 0.0% retrace (99.07). No daily 3LB changes (reversal is 99.23).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

2 comments:

AmenRa said...

Come on bears. Don't give up now. I see the market inching higher off the lows.

AmenRa said...

The bears held on for once.


New.

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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.