AmenRa's Corner 5/12/14

Posted by AmenRa on Monday, May 12, 2014 /



Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21,55). Tested and held the 0.0% retrace (1893.80). Daily 3LB reversal up (reversal is 1815.69). Still failing lower trend line and RSI(14) above 50.



DXY
Spinning top day. Midpoint above EMA(10). Still failing the 38.2% retrace (80.33). Tested and held SMA(55). New high on dally 3LB (reversal is 79.14).



VIX
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 61.8% minor retrace (16.45). Daily 3LB reversal down (reversal is 21.44).



GOLD
Bullish short day. Midpoint below EMA(10). Still failing its 61.8% minor retrace (1316.10). Tested and held SMA(89,144). No daily 3LB changes (reversal is 1309.30). Must have the precious.



EURUSD
Spinning top day. Midpoint below EMA(10). Tested and held SMA(89). Tested and held its 61.8% retrace (1.3749). No daily 3LB changes (reversal is 1.3932).



JNK
Bullish short day. Midpoint above EMA(10). Tested and held SMA(21). Holding above its 38.2% minor retrace (40.97). New high on daily 3LB (reversal is 41.14).



10YR YIELD
Bullish short day. Tested and held SMA(21). Midpoint above EMA(10). Still failing its 61.8% retrace (27.41). New high on daily 3LB (reversal is 25.90).



WTI
Bullish short day. Tested and held SMA(55). Midpoint above EMA(10). Holding above its 38.2% retrace (99.10). No dally 3LB changes (reversal is 103.73).



SILVER
Bullish short day. Tested and held SMA(21). Midpoint above EMA(10). Holding above its 0.0% retrace (18.58). No daily 3LB changes (reversal is 19.65).



BKX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21,144). Holding above its 38.2% minor retrace (67.42). Daily 3LB reversal up (reversal is 67.13).



HYG/LQD
Bullish long day. Tested and held SMA(21). Midpoint above EMA(10). Holding above its 38.2% retrace (0.7907). No daily 3LB changes (reversal is 0.8043).



COPPER
Bullish long day. Midpoint above EMA(10). Tested and held SMA(89,144). Tested and held its 61.8% minor retrace (3.132). No daily 3LB changes (reversal is 3.336).



QQQ
Bullish long day. Midpoint above EMA(10). Tested and held SMA(55,89). Tested and held its 38.2% minor retrace (87.07). Daily 3LB reversal up(reversal is 86.48).



GSCI
Bullish short day. Midpoint below EMA(10). Holding above SMA(55,89,233). Still failing its 38.2% minor retrace (33.48). No daily 3LB changes (reversal is 33.23).



IWM
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21,144). Tested and held its 50.0% minor retrace (110.76). No daily 3LB changes (reversal is 114.62).







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.