AmenRa's Corner 6/19/14




Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held the 0.0% retrace (1957.74). New high on daily 3LB (reversal is 1949.44). Still failing lower trend line and RSI(14) above 50.



DXY
Bearish short day. Midpoint below EMA(10). Tested and failed the 38.2% retrace (80.33). Tested and held SMA(144). New low on dally 3LB (reversal is 80.67).



VIX
Bullish short day. Midpoint below EMA(10). Now failing all SMA's. Still failing its 0.0% retrace (11.50). No daily 3LB changes (reversal is 12.65).



GOLD
Bullish long day. Midpoint above EMA(10). Tested and failed its 61.8% minor retrace (1316.10). Tested and held SMA(55,89,144,233). New high on daily 3LB (reversal is 1274.00). Must have the precious.



EURUSD
Bullish short day. Midpoint above EMA(10). Tested and held SMA(21). Still failing its 61.8% retrace (1.3750). Daily 3LB reversal up (reversal is 1.3532).



JNK
Bearish harami 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 41.54).



10YR YIELD
Bullish short day. Tested and held SMA(55). Midpoint below EMA(10). Holding above its 50.0% retrace (24.92). No daily 3LB changes (reversal is 25.02).



WTI
Bullish short day. Still above all SMA's. Midpoint above EMA(10). Holding above its 50.0% retrace (103.49). No dally 3LB changes (reversal is 103.86).



SILVER
Bullish long day. Tested and held SMA(89,144). Midpoint above EMA(10). Holding above its 0.0% retrace (18.60). New high on daily 3LB (reversal is 19.74).



BKX
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (67.42). No daily 3LB changes (reversal is 69.55).



HYG/LQD
Spinning top day. Tested and failed SMA(89,144). Midpoint below EMA(10). Tested and failed its 50.0% retrace (0.8022). No daily 3LB changes (reversal is 0.7915).



COPPER
Bullish short day. Midpoint above EMA(10). Tested and held SMA(55,89). Still failing its 61.8% minor retrace (3.132). No daily 3LB changes (reversal is 3.336).



QQQ
Bearish short day. Midpoint above EMA(10). Tested and held SMA(144). Tested and failed its 0.0% retrace (93.02). No daily 3LB changes (reversal is 92.29).



GSCI
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% minor retrace (33.90). New high on daily 3LB (reversal is 33.92).



IWM
Hanging man day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (112.63). New high on daily 3LB (reversal is 116.90).







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.