AmenRa's Corner 7/29/14

Posted by AmenRa on Tuesday, July 29, 2014 /



Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Still failing the 0.0% retrace (1989.23). No daily 3LB changes (reversal is 1958.12). Still failing lower trend line and RSI(14) above 50.



DXY
Bullish long 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 80.81).



VIX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(89). Holding above its 0.0% retrace (11.50). No daily 3LB changes (reversal is 10.32).



GOLD
Bearish short day. Midpoint below EMA(10). Still failing its 61.8% minor retrace (1316.10). Still failing SMA(21). No daily 3LB changes (reversal is 1319.20). Must have the precious.



EURUSD
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 50.0% retrace (1.3455). New low on daily 3LB (reversal is 1.3468).



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. Still failing all SMA's. Midpoint below EMA(10). Tested and failed its 50.0% retrace (24.92). Daily 3LB reversal down (reversal is 25.09).



WTI
Bearish short day. Tested and failed SMA(89). Midpoint below EMA(10). Still failing its 50.0% retrace (102.62). No dally 3LB changes (reversal is 98.97).



SILVER
Spinning top day. Tested and failed SMA(233). Midpoint below EMA(10). Holding above its 0.0% retrace (18.66). No daily 3LB changes (reversal is 20.91).



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



HYG/LQD
Doji day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% retrace (0.7907). New low on daily 3LB (reversal is 0.7898).



COPPER
Bearish long day. Midpoint above EMA(10). Tested and failed SMA(21). Tested and held its 38.2% minor retrace (3.219). No daily 3LB changes (reversal is 3.280).



QQQ
Bearish short day. Midpoint above EMA(10). Now above all SMA's. Still failing its 0.0% retrace (97.34). No daily 3LB changes (reversal is 95.84).



GSCI
Hammer day. Midpoint below EMA(10). Now failing all SMA's. Still failing its 61.8% retrace (32.81). No daily 3LB changes (reversal is 33.19).



IWM
Doji day. Midpoint below EMA(10). Tested and failed SMA(89). Holding above its 50.0% minor retrace (112.27). 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.