AmenRa's Corner 7/2/14

Posted by AmenRa on Wednesday, July 2, 2014 /



Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above the 0.0% retrace (1968.17). New high on daily 3LB (reversal is 1949.98). 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 80.27).



VIX
Bearish 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 short day. Midpoint above EMA(10). Holding above its 61.8% minor retrace (1316.10). Still above all SMA's. New high on daily 3LB (reversal is 1321.30). Must have the precious.



EURUSD
Bearish short day. Midpoint above EMA(10). Still failing SMA(55,89,144). Still failing its 61.8% retrace (1.3753). No daily 3LB changes (reversal is 1.3611).



JNK
Spinning top day. Midpoint below EMA(10). Tested and failed SMA(21). Holding above its 38.2% minor retrace (40.97). No daily 3LB changes (reversal is 41.80).



10YR YIELD
Bullish long day. Tested and held SMA(21,55). Midpoint above EMA(10). Holding above its 50.0% retrace (24.92). No daily 3LB changes (reversal is 25.02).



WTI
Bearish short day. Tested and failed SMA(21). Midpoint below EMA(10). Holding above its 50.0% retrace (102.62). No dally 3LB changes (reversal is 103.92).



SILVER
Bullish long day. Still above all SMA's. Midpoint above EMA(10). Holding above its 0.0% retrace (18.66). New high on daily 3LB (reversal is 21.01).



BKX
Spinning top 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(21,89). Midpoint above EMA(10). Tested and held its 50.0% retrace (0.8022). No daily 3LB changes (reversal is 0.7915).



COPPER
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 38.2% minor retrace (3.219). New high on daily 3LB (reversal is 3.172).



QQQ
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 0.0% retrace (95.19). New high on daily 3LB (reversal is 93.75).



GSCI
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and failed its 50.0% minor retrace (33.69). New low on daily 3LB (reversal is 34.26).



IWM
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Still failing its 0.0% retrace (120.58). No daily 3LB changes (reversal is 117.86).







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.