AmenRa's Corner 5/28/14

Posted by AmenRa on Wednesday, May 28, 2014 /



Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Tested and failed the 0.0% retrace (1912.28). No daily 3LB changes (reversal is 1896.65). Still failing lower trend line and RSI(14) above 50.



DXY
Bullish long day. Midpoint above EMA(10). Tested and held the 38.2% retrace (80.33). Now above all SMA's. New high on dally 3LB (reversal is 80.22).



VIX
Spinning top day. Midpoint below EMA(10). Still failing all SMA's. Tested and held its 0.0% retrace (11.50). No daily 3LB changes (reversal is 12.23).



GOLD
Bearish short day. Midpoint below EMA(10). Still failing its 61.8% minor retrace (1316.10). Now failing all SMA's. New low on daily 3LB (reversal is 1287.70). Must have the precious.



EURUSD
Bearish long day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 61.8% retrace (1.3749). New low on daily 3LB (reversal is 1.3678).



JNK
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (40.97). No daily 3LB changes (reversal is 41.40).



10YR YIELD
Bearish long day. Still failing all SMA's. Midpoint below EMA(10). Tested and failed its 50.0% retrace (24.92). New low on daily 3LB (reversal is 26.23).



WTI
Bearish long day. Still above all SMA's. Midpoint above EMA(10). Tested and failed its 50.0% retrace (103.49). No dally 3LB changes (reversal is 96.43).



SILVER
Spinning top day. Now failing all SMA's. Midpoint below EMA(10). Holding above its 0.0% retrace (18.60). No daily 3LB changes (reversal is 19.77).



BKX
Spinning top day. Midpoint above EMA(10). Tested and held SMA(144). Holding above its 38.2% minor retrace (67.42). No daily 3LB changes (reversal is 68.98).



HYG/LQD
Doji day. Now failing all SMA's. Midpoint below EMA(10). Tested and held its 38.2% retrace (0.7907). No daily 3LB changes (reversal is 0.8014).



COPPER
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 50.0% minor retrace (3.175). No daily 3LB changes (reversal is 3.336).



QQQ
Bearish harami day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (87.07). No daily 3LB changes (reversal is 88.84).



GSCI
Spinning top day. Midpoint below EMA(10). Tested and held SMA(21). Still failing its 38.2% minor retrace (33.48). New low on daily 3LB (reversal is 33.60).



IWM
Bearish harami day. Midpoint above EMA(10). Still failing SMA(55,89). Tested and held its 38.2% minor retrace (112.63). No daily 3LB changes (reversal is 108.88).







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.