AmenRa's Corner 8/5/14

Posted by AmenRa on Tuesday, August 5, 2014 /



Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bearish long day. Midpoint below EMA(10). Tested and held SMA(89). Still failing the 0.0% retrace (1989.23). New low on daily 3LB (reversal is 1987.98). Still failing lower trend line and RSI(14) below 50.



DXY
Doji 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 81.21).



VIX
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Tested and held 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 (1316.10). Tested and failed SMA(55). No daily 3LB changes (reversal is 1308.90). 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). New low on daily 3LB (reversal is 1.3411).



JNK
Bearish short day (didn't confirm bullish engulfing). Midpoint below EMA(10). Still failing all SMA's. Tested and held its 61.8% minor retrace (40.43). No daily 3LB changes (reversal is 41.00).



10YR YIELD
Bearish short day. Tested and failed SMA(21). Midpoint below EMA(10). Tested and failed its 50.0% retrace (24.92). No daily 3LB changes (reversal is 24.62).



WTI
Bearish long day. Tested and failed SMA(233). Midpoint below EMA(10). Tested and failed its 38.2% retrace (98.24). New low on dally 3LB (reversal is 102.86).



SILVER
Bearish long day. Tested and failed SMA(55,89,144). Midpoint below EMA(10). Holding above its 0.0% retrace (18.66). New low on daily 3LB (reversal is 20.38).



BKX
Bearish short day (bullish harami fail). Midpoint below EMA(10). Still failing all SMA's. Holding above its 38.2% minor retrace (67.42). New low on daily 3LB (reversal is 71.85).



HYG/LQD
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Tested and held its 61.8% minor retrace (0.7765). No daily 3LB changes (reversal is 0.7856).



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



QQQ
Bearish short day. Midpoint below EMA(10). Still failing SMA(21). Still failing its 0.0% retrace (97.34). New low on daily 3LB (reversal is 96.61).



GSCI
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 38.2% retrace (31.71). No daily 3LB changes (reversal is 32.39).



IWM
Spinning top day. Midpoint below EMA(10). Still failing all SMA's. Holding above its 61.8% minor retrace (110.31). 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.