AmenRa's Corner 8/7/14

Posted by AmenRa on Thursday, August 7, 2014 /



Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bullish long day. Midpoint below EMA(10). Tested and failed SMA(89). Still failing the 0.0% retrace (1989.23). New low on daily 3LB (reversal is 1930.67). 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. No dally 3LB changes (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
Bullish short day. Midpoint above EMA(10). Tested and failed its 61.8% minor retrace (1316.10). Tested and held SMA(21). Daily 3LB reversal up (reversal is 1282.80). 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 1.3393).



JNK
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Holding above its 61.8% minor retrace (40.43). No daily 3LB changes (reversal is 41.00).



10YR YIELD
Bearish long day (didn't confirm hammer). Still failing all SMA's. Midpoint below EMA(10). Still failing its 50.0% retrace (24.92). Daily 3LB reversal down (reversal is 25.56).



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
Spinning top 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
Bearish long day. 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 70.00).



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



COPPER
Bullish short day. Midpoint below EMA(10). Tested and held SMA(55). Tested and failed its 50.0% minor retrace (3.175). No daily 3LB changes (reversal is 3.280).



QQQ
Bearish long day. Midpoint below EMA(10). Still failing SMA(21). Still failing its 0.0% retrace (97.34). New low on daily 3LB (reversal is 94.67).



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



IWM
Bearish long day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed 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.