AmenRa's Corner 7/8/14

Posted by AmenRa on Tuesday, July 8, 2014 /



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 (1978.58). No daily 3LB changes (reversal is 1959.48). Still failing lower trend line and RSI(14) above 50.



DXY
Bearish short day. Midpoint above EMA(10). Still failing the 38.2% retrace (80.33). Tested and failed SMA(21,144). No dally 3LB changes (reversal is 80.27).



VIX
Bullish short day. Midpoint above EMA(10). Tested and failed SMA(55). Tested and held its 0.0% retrace (11.50). No daily 3LB changes (reversal is 12.65).



GOLD
Doji day. Midpoint above EMA(10). Tested and held its 61.8% minor retrace (1316.10). Still above all SMA's. No daily 3LB changes (reversal is 1330.90). Must have the precious.



EURUSD
Bullish short day. Midpoint below EMA(10). Tested and held SMA(21). Still failing its 61.8% retrace (1.3753). No daily 3LB changes (reversal is 1.3698).



JNK
Bearish short day. Midpoint below EMA(10). Still failing SMA(21). Holding above its 38.2% minor retrace (40.97). New low on daily 3LB (reversal is 41.78).



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



WTI
Spinning top day. Still failing SMA(21). Midpoint below EMA(10). Holding above its 50.0% retrace (102.62). New low on dally 3LB (reversal is 106.83).



SILVER
Bearish short day. Still above all SMA's. Midpoint above EMA(10). Holding above its 0.0% retrace (18.66). No daily 3LB changes (reversal is 21.01).



BKX
Bearish long 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 70.26).



HYG/LQD
Bearish long day. Tested and failed SMA(21,89) but held SMA(55). Midpoint below EMA(10). Still failing its 50.0% retrace (0.8022). No daily 3LB changes (reversal is 0.7915).



COPPER
Doji day (weak confirm of hanging man). Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (3.219). No daily 3LB changes (reversal is 3.204).



QQQ
Bearish long day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 0.0% retrace (95.24). No daily 3LB changes (reversal is 93.91).



GSCI
Spinning top day. Midpoint below EMA(10). Tested and failed SMA(89). Still failing its 38.2% minor retrace (33.48). New low on daily 3LB (reversal is 33.60).



IWM
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Still failing its 0.0% retrace (120.58). New low on daily 3LB (reversal is 120.02).







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.