AmenRa's Corner 5/7/14

Posted by AmenRa on Wednesday, May 7, 2014 /



Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bullish short day. Midpoint below EMA(10). Tested and held SMA(21,55). Still failing the 0.0% retrace (1893.17). No daily 3LB changes (reversal is 1890.90). Still failing lower trend line and RSI(14) above 50.



DXY
Bullish short day. Midpoint below EMA(10). Still failing the 38.2% retrace (80.33). Still failing all SMA's. No dally 3LB changes (reversal is 79.78).



VIX
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(21,55,144). Still failing its 61.8% minor retrace (16.45). No daily 3LB changes (reversal is 12.48).



GOLD
Bearish long day. Midpoint below EMA(10). Still failing its 61.8% minor retrace (1316.10). Tested and failed SMA(21,89,233). No daily 3LB changes (reversal is 1288.50). Must have the precious.



EURUSD
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% retrace (1.3749). No daily 3LB changes (reversal is 1.3793).



JNK
Spinning top day. Midpoint below EMA(10). Tested and held SMA(21,55). Holding above its 38.2% minor retrace (40.97). No daily 3LB changes (reversal is 41.05).



10YR YIELD
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 61.8% retrace (27.41). New low on daily 3LB (reversal is 26.19).



WTI
Bullish long day. Tested and held SMA(55,233). Midpoint below EMA(10). Holding above its 38.2% retrace (99.10). No dally 3LB changes (reversal is 103.73).



SILVER
Bearish long day. Tested and failed SMA(21). Midpoint below EMA(10). Holding above its 0.0% retrace (18.58). No daily 3LB changes (reversal is 19.17).



BKX
Bullish harami day. Midpoint below EMA(10). Still failing all SMA's. Tested and held its 38.2% minor retrace (67.42). No daily 3LB changes (reversal is 68.86).



HYG/LQD
Spinning top day. Still failing all SMA's. Midpoint below EMA(10). Holding above its 38.2% retrace (0.7907). No daily 3LB changes (reversal is 0.8043).



COPPER
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(21,55). Holding above its 0.0% retrace (2.993). No daily 3LB changes (reversal is 3.336).



QQQ
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and failed its 38.2% minor retrace (87.07). New low on daily 3LB (reversal is 87.95).



GSCI
Bullish long day. Midpoint below EMA(10). Tested and held SMA(55). Still failing its 38.2% minor retrace (33.48). No daily 3LB changes (reversal is 33.30).



IWM
Doji day. Midpoint below EMA(10). Tested and held SMA(233). Tested and held its 61.8% minor retrace (108.88). 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.