AmenRa's Corner 6/24/14




Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bearish long day. Midpoint above EMA(10). Still above all SMA's. Tested and failed the 0.0% retrace (1963.91). Daily 3LB reversal down (reversal is 1962.87). Still failing lower trend line and RSI(14) above 50.



DXY
Spinning top day. Midpoint below EMA(10). Tested and held the 38.2% retrace (80.33). Tested and held SMA(144). No dally 3LB changes (reversal is 80.45).



VIX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21). Tested and held its 0.0% retrace (11.50). No daily 3LB changes (reversal is 12.65).



GOLD
Bullish short day. Midpoint above EMA(10). Tested and held its 61.8% minor retrace (1316.10). Still above all SMA's. New high on daily 3LB (reversal is 1314.10). Must have the precious.



EURUSD
Doji day. Midpoint above EMA(10). Tested and held SMA(21). Still failing its 61.8% retrace (1.3750). No daily 3LB changes (reversal is 1.3532).



JNK
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (40.97). New high on daily 3LB (reversal is 41.73).



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



WTI
Doji day. Still above all SMA's. Midpoint above EMA(10). Holding above its 50.0% retrace (103.49). No dally 3LB changes (reversal is 103.92).



SILVER
Bullish short day. Now above all SMA's. Midpoint above EMA(10). Holding above its 0.0% retrace (18.60). New high on daily 3LB (reversal is 19.77).



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
Bullish short day. Tested and held SMA(89). Midpoint below EMA(10). Tested and held its 50.0% retrace (0.8022). No daily 3LB changes (reversal is 0.7915).



COPPER
Bearish short day. Midpoint above EMA(10). Tested and failed SMA(233). Tested and held its 61.8% minor retrace (3.132). No daily 3LB changes (reversal is 3.336).



QQQ
Spinning top day. Midpoint above EMA(10). Tested and held SMA(144). Tested and failed its 0.0% retrace (93.17). No daily 3LB changes (reversal is 92.29).



GSCI
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% minor retrace (33.90). No daily 3LB changes (reversal is 33.95).



IWM
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 0.0% retrace (118.71). Daily 3LB reversal down (reversal is 118.25).







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.