AmenRa's Corner 5/8/13

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 (1626.03). New high on daily 3LB (reversal is 1614.42). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.



DXY
Bearish long day (confirmed hanging man). Midpoint below EMA(10). Tested and failed the 50.0% minor retrace (81.99). Tested and failed SMA(21). No dally 3LB changes (reversal is 81.65).



VIX
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 61.8% minor retrace (16.45). No daily 3LB changes (reversal is 17.55).



GOLD
Bullish long day. Midpoint above EMA(10). Still failing its 61.8% minor retrace (1485.10). Tested and held SMA(21). No daily 3LB changes (reversal is 1586.70). Must have the precious.



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



JNK
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 0.0% retrace (41.86). New high on daily 3LB (reversal is 41.48).



10YR YIELD
Bearish engulfing day. Holding above SMA(21). Midpoint above EMA(10). Holding above its 38.2% minor retrace (17.47). No daily 3LB changes (reversal is 16.39).



WTI
Bullish long day. Still above all SMA's. Midpoint above EMA(10). Holding above its 61.8% minor retrace (94.01). New high on dally 3LB (reversal is 94.50).



SILVER
Spinning top 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 long day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 0.0% retrace (58.47). New high on daily 3LB (reversal is 56.94).



HYG/LQD
Bullish short day. Still above all SMA's. Midpoint above EMA(10). Holding above its 38.2% retrace (0.7907). New high on daily 3LB (reversal is 0.7917).



COPPER
Bullish long day. Midpoint above EMA(10). Tested and failed SMA(55). Tested and held its 38.2% minor retrace (3.322). New high on daily 3LB (reversal is 3.080).



AAPL
Bullish short day. Tested and held SMA(89). Midpoint above EMA(10). Tested and held its 61.8% retrace (463.72). Still failing BB(2,200). New high on daily 3LB (reversal is 445.52).



GSCI
Bullish long day. Midpoint above EMA(10). Holding above SMA(21). Tested and held its 38.2% retrace (31.71). New high on daily 3LB (reversal is 30.05).

IT HAS BEGUN. YOU HAVE BEEN WARNED.