AmenRa's Corner 2/26/14

Posted by AmenRa on Wednesday, February 26, 2014 /



Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Doji day. Midpoint above EMA(10). Still above all SMA's. Tested and failed the 0.0% retrace (1850.84). No daily 3LB changes (reversal is 1829.83). Still failing lower trend line and RSI(14) above 50.



DXY
Bullish long day. Midpoint below EMA(10). Tested and failed the 38.2% retrace (80.33). Still failing all SMA's. No dally 3LB changes (reversal is 80.48).



VIX
Bullish long day. Midpoint below EMA(10). Tested and held SMA(21). Still failing its 61.8% minor retrace (16.45). No daily 3LB changes (reversal is 12.48).



GOLD
Bearish short day. Midpoint above EMA(10). Holding above its 61.8% minor retrace (1316.10). Tested and failed SMA(233). No daily 3LB changes (reversal is 1318.60). Must have the precious.



EURUSD
Bearish long day. Midpoint above EMA(10). Tested and held SMA(55). Tested and failed its 61.8% retrace (1.3750). No daily 3LB changes (reversal is 1.3484).



JNK
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (40.97). New high on daily 3LB (reversal is 41.15).



10YR YIELD
Bearish long day. Tested and failed SMA(21). Midpoint below EMA(10). Tested and failed its 61.8% retrace (27.41). No daily 3LB changes (reversal is 25.81).



WTI
Bullish short day. Still above all SMA's. Midpoint above EMA(10). Holding above its 38.2% minor retrace (99.95). No dally 3LB changes (reversal is 99.89).



SILVER
Bearish long day. Tested and failed SMA(233). Midpoint above EMA(10). Holding above its 0.0% retrace (18.54). No daily 3LB changes (reversal is 20.44).



BKX
Bullish short day. Midpoint above EMA(10). Tested and failed SMA(55). Holding above its 38.2% minor retrace (65.78). No daily 3LB changes (reversal is 67.33).



HYG/LQD
Bullish long day. Tested and held SMA(55,89,144). Midpoint above EMA(10). Holding above its 50.0% retrace (0.8022). New high on daily 3LB (reversal is 0.7925).



COPPER
Doji day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and held its 61.8% minor retrace (3.195). No daily 3LB changes (reversal is 3.385).



AAPL
Bearish short day. Tested and failed SMA(21). Midpoint below EMA(10). Holding above its 50.0% retrace (509.60). Still above BB(2,200) upper bound. No daily 3LB changes (reversal is 546.39).



GSCI
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% retrace (32.81). No daily 3LB changes (reversal is 32.49).



IWM
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 0.0% retrace (117.37). New high on daily 3LB (reversal is 115.66).







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.