AmenRa's Corner 4/7/14




Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Still failing the 0.0% retrace (1893.17). No daily 3LB changes (reversal is 1841.13). Still failing lower trend line and RSI(14) below 50.



DXY
Bearish long day. Midpoint above EMA(10). Tested and failed the 38.2% retrace (80.33). Tested and failed SMA(55,89,144). No dally 3LB changes (reversal is 80.01).



VIX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(55). 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). Still failing its 61.8% minor retrace (1316.10). Tested and failed SMA(55). No daily 3LB changes (reversal is 1280.00). Must have the precious.



EURUSD
Bullish long day. Midpoint below EMA(10). Tested and held SMA(55,89). Tested and failed its 61.8% retrace (1.3749). No daily 3LB changes (reversal is 1.3779).



JNK
Bearish short day. Midpoint above EMA(10). Tested and held SMA(21). Holding above its 38.2% minor retrace (40.97). No daily 3LB changes (reversal is 41.32).



10YR YIELD
Bearish long day. Tested and failed SMA(21,55). Midpoint below EMA(10). Still failing its 61.8% retrace (27.41). No daily 3LB changes (reversal is 26.68).



WTI
Bearish short day. Tested and held SMA(21). Midpoint above EMA(10). Tested and held its 38.2% retrace (99.83). No dally 3LB changes (reversal is 104.46).



SILVER
Bullish short day. Still failing all SMA's. Midpoint below EMA(10). Holding above its 0.0% retrace (18.58). No daily 3LB changes (reversal is 19.69).



BKX
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Still failing its 0.0% retrace (73.20). No daily 3LB changes (reversal is 69.54).



HYG/LQD
Bearish short day. Now failing all SMA's. Midpoint below EMA(10). Still failing its 61.8% retrace (0.8137). No daily 3LB changes (reversal is 0.8112).



COPPER
Spinning top day. Midpoint above EMA(10). Tested and held SMA(21). Tested and held its 0.0% retrace (3.025). No daily 3LB changes (reversal is 3.367).



AAPL
Bearish short day. Tested and failed SMA(144). 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
Spinning top day. Midpoint below EMA(10). Tested and failed SMA(21,144). Holding above its 50.0% retrace (32.26). No daily 3LB changes (reversal is 32.98).



IWM
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(89). Tested and held its 38.2% minor retrace (112.63). Daily 3LB reversal down (reversal is 118.40).







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.