AmenRa's Corner 1.26.12

Creditcane™: Tick tock. Tick tock. The countdown has begun.

SPX
Dark cloud cover day. Midpoint above EMA(10). Still above all SMA's. Tested and held the minor 38.2% retrace (1314.25). No daily 3LB changes (reversal is 1314.50). QE2infinity.



DXY
Bearish short day. Midpoint below EMA(10). Tested and failed the 61.8% minor retrace (79.60). Tested and failed SMA(55). New low on daily 3LB (reversal is 80.22).



VIX
Bullish piercing day. Midpoint below EMA(10). Failing all SMA's. Tested and failed its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 20.47).



GOLD
Spinning top day (evening star?). Midpoint above EMA(10). Tested and held its 38.2% retrace (1718.10). Now above all SMA's. New high on daily 3LB (reversal is 1664.00). Still above monthly 3LB mid. Must have the precious.



EURUSD
Spinning top day. Midpoint above EMA(10). Tested and failed SMA(55). Tested and failed its 50.0% minor retrace (1.3137). New high on daily 3LB (reversal is 1.3020).



JNK
Spinning top day (evening star?). Midpoint above EMA(10). Still above all SMA's. Tested and failed its 38.2% minor retrace (39.62). New high on daily 3LB (reversal is 39.12).



10YR YIELD
Bearish short day. Tested and failed SMA(21). Midpoint below EMA(10). Holding above its 0.0% retrace (18.96). No daily 3LB changes (reversal is 20.68).



WTI
Doji day. Tested and held SMA(55). Midpoint at EMA(10). Failing its 61.8% retrace (102.10). No dally 3LB changes (reversal is 103.12). Not confirming the monthly 3LB reversal down.



SILVER
Spinning top day (evening star?). Holding above SMA(89). Midpoint above EMA(10). Holding above its 38.2% minor retrace (31.85). New high on daily 3LB (reversal is 31.67).



BKX
Bearish long day (doji days resolved). Midpoint at EMA(10). Still above all SMA's. Tested and failed its 50.0% retrace (43.76). No daily 3LB changes (reversal is 42.08).



HYG/LQD
Dark cloud cover day. Tested and held SMA(21). Midpoint above EMA(10). Tested and failed its 50.0% retrace (0.7942). No daily 3LB changes (reversal is 0.7908).



USDJPY
Bearish long day. Midpoint above EMA(10). Tested and held SMA(144). Tested and failed its 61.8% minor retrace (77.443). No daily 3LB changes (reversal is 75.52).



EEM
Bearish thrusting day. Midpoint above EMA(10). Holding above all SMA's. Holding above its 50.0% retrace (41.81). No daily 3LB changes (reversal is 41.41).



XLE
Dark cloud cover day (almost bearish engulfing). Still above all SMA's. Midpoint above EMA(10). Tested and failed its 0.0% retrace (72.90). No daily 3LB changes (reversal is 71.29).

IT HAS BEGUN. YOU HAVE BEEN WARNED.

AmenRa's Corner 1.25.12

The new FOMC voting members...

Creditcane™: "Wall of worry" or "Staircase to hell"?

SPX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held the minor 38.2% retrace (1314.25). New high on daily 3LB (reversal is 1314.50). QE2infinity.



DXY
Bearish short day. Midpoint below EMA(10). Tested and failed the 61.8% minor retrace (79.60). Tested and failed SMA(255). New low on daily 3LB (reversal is 80.61).



VIX
Bearish short day. Midpoint below EMA(10). Failing all SMA's. Tested and failed its 61.8% minor retrace (18.81). New low on daily 3LB (reversal is 20.47).



GOLD
Bullish long day. Midpoint above EMA(10). Holding above its 50.0% retrace (1655.20). Tested and held SMA(55,89,144). New high on daily 3LB (reversal is 1659.90). Still above monthly 3LB mid. Must have the precious.



EURUSD
Hanging man day. Midpoint above EMA(10). Holding above SMA(21). Tested and held its 38.2% minor retrace (1.3052). New high on daily 3LB (reversal is 1.2937).



JNK
Bullish long day. Midpoint above EMA(10). Tested and held SMA(233). Holding above its 61.8% retrace (38.86). New high on daily 3LB (reversal is 38.96).



10YR YIELD
Bearish short day. Tested and held SMA(89). Midpoint above EMA(10). Holding above its 0.0% retrace (18.96). No daily 3LB changes (reversal is 20.68).



WTI
Bullish short day. Tested and held SMA(55). Midpoint below EMA(10). Failing its 61.8% retrace (102.10). No dally 3LB changes (reversal is 103.12). Not confirming the monthly 3LB reversal down.



SILVER
Bullish long day. Tested and held SMA(89). Midpoint above EMA(10). Tested and held its 38.2% minor retrace (31.85). New high on daily 3LB (reversal is 30.54).



BKX
Doji day. Midpoint above EMA(10). Still above all SMA's. Failing its 50.0% retrace (43.76). No daily 3LB changes (reversal is 42.08).



HYG/LQD
Bullish long day. Tested and held SMA(21). Midpoint above EMA(10). Holding above its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7908).



COPPER
Bullish short day. Midpoint above EMA(10). Tested and held SMA(144). Holding above its 38.2% retrace (3.684). New high on daily 3LB (reversal is 3.753).



TLT
Doji day. Midpoint below EMA(10). Tested and failed SMA(89). Tested and failed its 50.0% minor retrace (117.18). New low on daily 3LB (reversal is 123.87).

IT HAS BEGUN. YOU HAVE BEEN WARNED.

AmenRa's Corner 1.24.12

Creditcane™: Volume matters. When it reappears be ready.

SPX
Takuri day (body too big for dragonfly doji). Midpoint above EMA(10). Still above all SMA's. Tested and held the minor 38.2% retrace (1314.25). No daily 3LB changes (reversal is 1308.04). QE2infinity.



DXY
Spinning top day (morning star?). Midpoint below EMA(10). Tested and failed the 50.0% minor retrace (79.96). Failing SMA(21). No daily 3LB changes (reversal is 81.35).



VIX
Bearish short day (didn't confirm homing pigeon). Midpoint below EMA(10). Failing all SMA's. Tested and held its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 20.63).



GOLD
Bearish short day. Midpoint above EMA(10). Holding above its 50.0% retrace (1655.20). Tested and failed SMA(55). No daily 3LB changes (reversal is 1655.60). Still above monthly 3LB mid. Must have the precious.



EURUSD
Spinning top day. Midpoint above EMA(10). Holding above SMA(21). Tested and failed its 38.2% minor retrace (1.3052). New high on daily 3LB (reversal is 1.2840).



JNK
Spinning top day. Midpoint above EMA(10). Tested and held SMA(233). Holding above its 61.8% retrace (38.86). New high on daily 3LB (reversal is 38.85).



10YR YIELD
Spinning top day. Holding above SMA(89). Midpoint above EMA(10). Holding above its 0.0% retrace (18.96). No daily 3LB changes (reversal is 20.68).



WTI
Bearish short day. Tested and held SMA(55). Midpoint below EMA(10). Failing its 61.8% retrace (102.10). No dally 3LB changes (reversal is 103.12). Not confirming the monthly 3LB reversal down.



SILVER
Bearish short day. Tested and held SMA(89). Midpoint above EMA(10). Tested and held its 38.2% minor retrace (31.85). No daily 3LB changes (reversal is 30.14).



BKX
Dragonfly doji day. Midpoint above EMA(10). Still above all SMA's. Failing its 50.0% retrace (43.76). No daily 3LB changes (reversal is 42.08).



HYG/LQD
Spinning top day. Holding above SMA(21). Midpoint above EMA(10). Holding above its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7908).



CRB
Bullish short day. Midpoint above EMA(10). Still below its 38.2% retrace (325.01). No daily 3LB changes (reversal is 315.44).

AmenRa's Corner 1.23.12

Creditcane™: I have a headache from too much spinning.

SPX
Doji day. Midpoint above EMA(10). Still above all SMA's. Tested and held the minor 38.2% retrace (1314.25). New high on daily 3LB (reversal is 1308.04). QE2infinity.



DXY
Bearish long day. Midpoint below EMA(10). Tested and failed the 50.0% minor retrace (79.96). Failing SMA(21). New low on daily 3LB (reversal is 81.35).



VIX
Homing pigeon day. Midpoint below EMA(10). Failing all SMA's. Tested and failed its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 20.63).



GOLD
Bullish short day. Midpoint above EMA(10). Holding above its 50.0% retrace (1655.20). Holding above SMA(21). New high on daily 3LB (reversal is 1655.60). Still above monthly 3LB mid. Must have the precious.



EURUSD
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21). Holding above its 0.0% retrace (1.2777). New high on daily 3LB (reversal is 1.2700).



JNK
Bullish short day. Midpoint above EMA(10). Tested and held SMA(233). Holding above its 61.8% retrace (38.86). New high on daily 3LB (reversal is 38.30).



10YR YIELD
Spinning top day. Holding above SMA(89). Midpoint above EMA(10). Holding above its 0.0% retrace (18.96). No daily 3LB changes (reversal is 20.68).



WTI
Bullish long day. Tested and held SMA(55). Midpoint below EMA(10). Failing its 61.8% retrace (102.10). No dally 3LB changes (reversal is 103.12). Not confirming the monthly 3LB reversal down.



SILVER
Spinning top day. Tested and held SMA(89). Midpoint above EMA(10). Tested and held its 38.2% minor retrace (31.85). New high on daily 3LB changes (reversal is 30.14).



BKX
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 50.0% retrace (43.76). No daily 3LB changes (reversal is 42.08).



HYG/LQD
Bullish short day. Tested and held SMA(21). Midpoint above EMA(10). Holding above its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7908).



EUFN
Spinning top day. Midpoint above EMA(10). Tested and held SMA(144). Holding above its 61.8% minor retrace (16.39). New high on daily 3LB (reversal is 14.43).

IT HAS BEGUN. YOU HAVE BEEN WARNED.

Week Ahead Look

Some Scribd thoughts on the S&P500 and Gold.

Market Commentary 22Jan12



Addendum:

Crazy thing I've seen in awhile... keep watching....