AmenRa's Corner 10/29/13

Posted by AmenRa on Tuesday, October 29, 2013 /



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 (1764.99). New high on daily 3LB (reversal is 1754.67). Still failing lower trend line and RSI(14) above 50.



DXY
Bullish long day. Midpoint below EMA(10). Still failing the 38.2% retrace (80.33). Still failing all SMA's. Dally 3LB reversal up (reversal is 79.21).



VIX
Spinning top 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 15.72).



GOLD
Bearish short day. Midpoint above EMA(10). Tested and failed its 50.0% minor retrace (1359.60). Tested and held SMA(55). No daily 3LB changes (reversal is 1369.30). Must have the precious.



EURUSD
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 61.8% retrace (1.3751). No daily 3LB changes (reversal is 1.3681).



JNK
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 50.0% minor retrace (40.70). New high on daily 3LB changes (reversal is 40.65).



10YR YIELD
Bearish short day. Still failing SMA(21,55,89). Midpoint below EMA(10). Holding above its 50.0% retrace (24.92). No daily 3LB changes (reversal is 26.14).



WTI
Bearish short day. Tested and held SMA(233). Midpoint below EMA(10). Still failing its 38.2% retrace (99.23). No dally 3LB changes (reversal is 100.87).



SILVER
Doji day. Tested and failed SMA(55). Midpoint above EMA(10). Still failing its 38.2% minor retrace (23.14). No daily 3LB changes (reversal is 23.29).



BKX
Doji day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (62.12). No daily 3LB changes (reversal is 61.88).



HYG/LQD
Bullish short day. Tested and held SMA(55). Midpoint above EMA(10). Tested and failed its 61.8% retrace (0.8137). No daily 3LB changes (reversal is 0.8034).



COPPER
Spinning top day. Midpoint below EMA(10). Tested and failed SMA(21,55). Tested and held its 38.2% minor retrace (3.274). No daily 3LB changes (reversal is 3.389).



AAPL
Bearish engulfing day. Still above all SMA's. Midpoint above EMA(10). Holding above its 50.0% retrace (509.60). Holding above BB(2,200). No daily 3LB changes (reversal is 508.89).



GSCI
Spinning top day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 50.0% retrace (32.26). No daily 3LB changes (reversal is 32.64).



IWM
Doji day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 0.0% retrace (111.49). New high on daily 3LB (reversal is 110.76).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

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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.