AmenRa's Corner 7/21/14

Posted by AmenRa on Monday, July 21, 2014 /



Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Hanging man day. Midpoint above EMA(10). Tested and held SMA(21). Tested and failed the 0.0% retrace (1978.58). No daily 3LB changes (reversal is 1985.44). Still failing lower trend line and RSI(14) above 50.



DXY
Bullish short day. Midpoint above EMA(10). Holding above the 38.2% retrace (80.33). Still above all SMA's. New high on dally 3LB (reversal is 80.04).



VIX
Doji day. Midpoint above EMA(10). Tested and failed SMA(89,144). Holding above its 0.0% retrace (11.50). No daily 3LB changes (reversal is 10.32).



GOLD
Spinning top day. Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (1316.10). Tested and failed SMA(21). No daily 3LB changes (reversal is 1339.20). Must have the precious.



EURUSD
Doji day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 61.8% retrace (1.3753). New low on daily 3LB (reversal is 1.3606).



JNK
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(144). Holding above its 38.2% minor retrace (40.97). No daily 3LB changes (reversal is 41.52).



10YR YIELD
Bearish short day (possible hammer?). Still failing all SMA's. Midpoint below EMA(10). Still failing its 50.0% retrace (24.92). New low on daily 3LB (reversal is 26.55).



WTI
Bullish long day. Tested and failed SMA(21). Midpoint above EMA(10). Tested and held its 50.0% retrace (102.62). Dally 3LB reversal up (reversal is 98.97).



SILVER
Doji day. Tested and failed SMA(21). Midpoint below EMA(10). Holding above its 0.0% retrace (18.66). No daily 3LB changes (reversal is 21.30).



BKX
Bearish short day. Midpoint below EMA(10). Still failing SMA(21). Holding above its 38.2% minor retrace (67.42). No daily 3LB changes (reversal is 72.38).



HYG/LQD
Spinning top day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% retrace (0.7907). No daily 3LB changes (reversal is 0.8030).



COPPER
Bullish short day. Midpoint below EMA(10). Still failing SMA(21). Tested and held its 50.0% minor retrace (3.175). No daily 3LB changes (reversal is 3.280).



QQQ
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 0.0% retrace (96.13). No daily 3LB changes (reversal is 94.62).



GSCI
Bullish long day. Midpoint below EMA(10). Tested and held SMA(233). Holding above its 50.0% retrace (32.26). No daily 3LB changes (reversal is 33.19).



IWM
Spinning top day. Midpoint below EMA(10). Still failing SMA(21,55,89,144). Still failing its 38.2% minor retrace (114.23). No daily 3LB changes (reversal is 115.10).







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.