AmenRa's Corner 8/19/14

Posted by AmenRa on Tuesday, August 19, 2014 /



Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Still failing the 0.0% retrace (1989.23). New high on daily 3LB (reversal is 1981.60). 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 81.46).



VIX
Spinning top day. Midpoint below EMA(10). Now failing all SMA's. Still failing its 61.8% minor retrace (16.45). No daily 3LB changes (reversal is 10.61).



GOLD
Bearish short day. Midpoint below EMA(10). Still failing its 61.8% minor retrace (1319.20). Tested and failed SMA(55,89). No daily 3LB changes (reversal is 1293.00). Must have the precious.



EURUSD
Bearish long day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 50.0% retrace (1.3455). Daily 3LB reversal down (reversal is 1.3413).



JNK
Bullish short day. Midpoint above EMA(10). Tested and held SMA(55,89). Holding above its 38.2% minor retrace (40.97). New high on daily 3LB (reversal is 41.15).



10YR YIELD
Bullish long day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 50.0% retrace (24.92). No daily 3LB changes (reversal is 24.15).



WTI
Bearish long day. Still failing all SMA's. Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (93.15). New low on dally 3LB (reversal is 95.35).



SILVER
Bearish long day. Still failing all SMA's. Midpoint below EMA(10). Holding above its 0.0% retrace (18.66). New low on daily 3LB (reversal is 20.24).



BKX
Doji day. Midpoint above EMA(10). Tested and held SMA(21). Holding above its 38.2% minor retrace (67.42). No daily 3LB changes (reversal is 70.00).



HYG/LQD
Spinning top day. Holding above SMA(21). Midpoint above EMA(10). Tested and failed its 38.2% retrace (0.7907). New high on daily 3LB (reversal is 0.7861).



COPPER
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(144). Still failing its 61.8% minor retrace (3.132). No daily 3LB changes (reversal is 3.335).



QQQ
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 0.0% retrace (98.24). New high on daily 3LB (reversal is 96.93).



GSCI
Bearish long day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 50.0% minor retrace (30.83). New low on daily 3LB (reversal is 31.42).



IWM
Bullish short day. Midpoint above EMA(10). Tested and held SMA(55). Holding above its 38.2% minor retrace (114.23). New high on daily 3LB (reversal is 110.68).







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.