AmenRa's Corner 8/13/14




Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bullish long day. Midpoint above EMA(10). Holding above SMA(89,144,233). Still failing the 0.0% retrace (1989.23). New high on daily 3LB (reversal is 1920.21). Still failing lower trend line and RSI(14) below 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 81.40).



VIX
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21,144). Still failing its 61.8% minor retrace (16.45). No daily 3LB changes (reversal is 10.61).



GOLD
Bullish short day. Midpoint above EMA(10). Still failing its 61.8% minor retrace (1316.10). Still above all SMA's. New high on daily 3LB (reversal is 1282.80). Must have the precious.



EURUSD
Doji day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 50.0% retrace (1.3455). No daily 3LB changes (reversal is 1.3360).



JNK
Bullish short day (after gap higher). Midpoint above EMA(10). Tested and held SMA(21). Tested and held its 38.2% minor retrace (40.97). Daily 3LB reversal up (reversal is 40.27).



10YR YIELD
Bearish long day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 50.0% retrace (24.92). New low on daily 3LB (reversal is 25.54).



WTI
Bullish short day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% retrace (98.24). No dally 3LB changes (reversal is 98.17).



SILVER
Bearish short day. Tested and failed SMA(89). Midpoint below EMA(10). Holding above its 0.0% retrace (18.66). No daily 3LB changes (reversal is 20.41).



BKX
Bullish short day. Midpoint below EMA(10). Still failing all SMA's. Holding above its 38.2% minor retrace (67.42). No daily 3LB changes (reversal is 70.00).



HYG/LQD
Spinning top day. Tested and held SMA(21). Midpoint above EMA(10). Holding above its 61.8% minor retrace (0.7765). New high on daily 3LB (reversal is 0.7741).



COPPER
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(89,144). Tested and failed its 61.8% minor retrace (3.132). New low on daily 3LB (reversal is 3.184).



QQQ
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21). Still failing its 0.0% retrace (97.34). New high on daily 3LB (reversal is 94.52).



GSCI
Doji day (bullish harami?). Midpoint below EMA(10). Still failing all SMA's. Still failing its 38.2% retrace (31.71). No daily 3LB changes (reversal is 32.16).



IWM
Bullish short day. Midpoint above EMA(10). Tested and held SMA(21,233). Holding above its 50.0% minor retrace (112.27). No daily 3LB changes (reversal is 114.24).







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.