AmenRa's Corner 2.16.12

Creditcane™: I cannot be destroyed. I exist to ruin those who don't believe in my power.

SPX
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Holding above the minor 38.2% retrace (1314.25). Daily 3LB reversal up (reversal is 1342.64). QE2infinity.



DXY
Bearish engulfing day. Midpoint above EMA(10). Tested and failed the 61.8% minor retrace (79.60). Tested and held SMA(21). No daily 3LB changes (reversal is 78.57).



VIX
Bearish engulfing day. Midpoint above EMA(10). Holding above SMA(21). Tested and failed its 50.0% minor retrace (20.22). No daily 3LB changes (reversal is 17.10).



GOLD
Dragonfly doji day. Midpoint above EMA(10). Tested and held its 38.2% retrace (1721.30). Tested and held SMA(21). No daily 3LB changes (reversal is 1759.30). Still above monthly 3LB mid. Must have the precious.



EURUSD
Bullish engulfing day. Midpoint below EMA(10). Tested and held SMA(21,55). Tested and held its 50.0% minor retrace (1.3137). No daily 3LB changes (reversal is 1.3253).



JNK
Spinning top day. Midpoint below EMA(10). Tested and held SMA(21). Failing its 38.2% minor retrace (39.62). No daily 3LB changes (reversal is 39.60).



10YR YIELD
Bullish long day. Tested and held SMA(21,55). Midpoint at EMA(10). Holding above its 0.0% retrace (18.96). No daily 3LB changes (reversal is 20.47).



WTI
Bullish short day. Still above all SMA's. Midpoint above EMA(10). Tested and held its 61.8% retrace (102.10). New high on dally 3LB (reversal is 100.18). Not confirming the monthly 3LB reversal down.



SILVER
Bullish short day. Tested and held SMA(21). Midpoint below EMA(10). Holding above its 38.2% minor retrace (31.85). No daily 3LB changes (reversal is 33.70).



BKX
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Holding above its 50.0% retrace (43.76). No daily 3LB changes (reversal is 43.61).



HYG/LQD
Spinning top day. Tested and held SMA(89). Midpoint below EMA(10). Failing its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7908).



COPPER
Doji day. Midpoint below EMA(10). Failing SMA(21). Failing its 50.0% retrace (3.863). No daily 3LB changes (reversal is 3.781).




AAPL
Bullish thrusting day. Still above all SMA's. Midpoint above EMA(10). Failing its 0.0% retrace (509.56). No daily 3LB changes (reversal is 493.17).

IT HAS BEGUN. YOU HAVE BEEN WARNED.

AmenRa's Corner 2.15.12

Creditcane™: I am also known as the nightmare while awake.

SPX
Bearish short day (confirmed dragonfly doji). Midpoint above EMA(10). Still above all SMA's. Holding above the minor 38.2% retrace (1314.25). No daily 3LB changes (reversal is 1351.95). QE2infinity.



DXY
Bullish short day. Midpoint above EMA(10). Tested and held the 61.8% minor retrace (79.60). Tested and held SMA(21). New high on daily 3LB (reversal is 78.57).



VIX
Bullish long day. Midpoint above EMA(10). Holding above SMA(21). Tested and failed its 38.2% minor retrace (21.62). New high on daily 3LB (reversal is 17.10). Also above weekly 3LB reversal price.



GOLD
Spinning top day. Midpoint below EMA(10). Tested and held its 38.2% retrace (1721.30). Tested and held SMA(21). No daily 3LB changes (reversal is 1759.30). Still above monthly 3LB mid. Must have the precious.



EURUSD
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(21,55). Tested and failed its 50.0% minor retrace (1.3137). New low on daily 3LB changes (reversal is 1.3253).



JNK
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Failing its 38.2% minor retrace (39.62). New low on daily 3LB (reversal is 39.60).



10YR YIELD
Spinning top day. Tested and failed SMA(21). Midpoint below EMA(10). Holding above its 0.0% retrace (18.96). No daily 3LB changes (reversal is 20.47).



WTI
Bullish short day. Still above all SMA's. Midpoint above EMA(10). Tested and failed its 61.8% retrace (102.10). New high on dally 3LB (reversal is 97.61). Not confirming the monthly 3LB reversal down.



SILVER
Bearish short day. Tested and held SMA(21). Midpoint below EMA(10). Holding above its 38.2% minor retrace (31.85). New low on daily 3LB (reversal is 33.70).



BKX
Bearish short day. Midpoint below EMA(10). Still above all SMA's. Holding above its 50.0% retrace (43.76). No daily 3LB changes (reversal is 43.61).



HYG/LQD
Spinning top day. Tested and failed SMA(89). Midpoint below EMA(10). Failing its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7908).



USDJPY
Spinning top day (also formed a bearish harami). Midpoint above EMA(10). Tested and failed SMA(233). Holding above its 38.2% minor retrace (77.844). No daily 3LB changes (reversal is 75.69).



AAPL
Bearish engulfing day. Still above all SMA's. Midpoint above EMA(10). Tested and failed its 0.0% retrace (509.56). No daily 3LB changes (reversal is 493.17).



RUSSELL 2K
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 0.0% retrace (815.8). No daily 3LB changes (reversal is 798.19).

IT HAS BEGUN. YOU HAVE BEEN WARNED.

AmenRa's Corner 2.14.12

...can prevent market melt ups based on phony Greece rumors.

Creditcane™: You can feel me in the room. You know I'm there but you can't see me.

SPX
Dragonfly doji day. Midpoint above EMA(10). Still above all SMA's. Holding above the minor 38.2% retrace (1314.25). No daily 3LB changes (reversal is 1351.95). QE2infinity.



DXY
Bullish short day (confirmed bullish harami). Midpoint above EMA(10). Tested and failed the 61.8% minor retrace (79.60). Tested and held SMA(21). Daily 3LB reversal up (reversal is 78.57).



VIX
Doji day (should close above body of hammer for confirmation). Midpoint above EMA(10). Tested and held SMA(21). Tested and failed its 50.0% minor retrace (20.22). No daily 3LB changes (reversal is 17.10).



GOLD
Spinning top day. Midpoint below EMA(10). Tested and failed its 38.2% retrace (1721.30). Tested and held SMA(21). New low on daily 3LB (reversal is 1759.30). Still above monthly 3LB mid. Must have the precious.



EURUSD
Bearish long day (confirmed bearish harami). Midpoint below EMA(10). Tested and held SMA(21,55). Tested and failed its 50.0% minor retrace (1.3137). New low on daily 3LB changes (reversal is 1.3290).



JNK
Bearish short day. Midpoint below EMA(10). Still above all SMA's. Failing its 38.2% minor retrace (39.62). New low on daily 3LB (reversal is 39.68).



10YR YIELD
Bearish long day. Tested and failed SMA(21,55). Midpoint below EMA(10). Holding above its 0.0% retrace (18.96). Daily 3LB reversal down (reversal is 20.47).



WTI
Doji day. Now above all SMA's. Midpoint above EMA(10). Holding above its 50.0% retrace (97.71). No dally 3LB changes (reversal is 96.36). Not confirming the monthly 3LB reversal down.



SILVER
Bearish short day. Holding above SMA(89). Midpoint below EMA(10). Holding above its 38.2% minor retrace (31.85). No daily 3LB changes (reversal is 34.17).



BKX
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 50.0% retrace (43.76). No daily 3LB changes (reversal is 43.61).



HYG/LQD
Doji day. Tested and held SMA(89). Midpoint below EMA(10). Failing its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7908).



TLT
Spinning top day. Midpoint above EMA(10). Tested and failed SMA(21,89). Tested and held its 50.0% minor retrace (117.18). No daily 3LB changes (reversal is 122.32).



AAPL
Bullish long day. Still above all SMA's. Midpoint above EMA(10). Tested and held its 0.0% retrace (503.83). New high on daily 3LB (reversal is 493.17).

IT HAS BEGUN. YOU HAVE BEEN WARNED.

AmenRa's Corner 2.13.12

Creditcane™: I hope everyone realizes that Greece is lying about implementing reforms.

SPX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above the minor 38.2% retrace (1314.25). No daily 3LB changes (reversal is 1351.95). QE2infinity.



DXY
Bullish harami day. Midpoint below EMA(10). Holding above the 38.2% retrace (78.43). Tested and held SMA(89). No daily 3LB changes (reversal is 79.39).



VIX
Hammer day (didn't close gap). Midpoint above EMA(10). Tested and held SMA(21). Tested and held its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 17.10).



GOLD
Spinning top day. Midpoint below EMA(10). Tested and held its 38.2% retrace (1721.30). Still above all SMA's. No daily 3LB changes (reversal is 1759.30). Still above monthly 3LB mid. Must have the precious.



EURUSD
Bearish harami day. Midpoint above EMA(10). Holding above SMA(55). Tested and failed its 61.8% minor retrace (1.3222). No daily 3LB changes (reversal is 1.3290).



JNK
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 38.2% minor retrace (39.62). No daily 3LB changes (reversal is 39.68).



10YR YIELD
Spinning top day. Tested and held SMA(55). Midpoint above EMA(10). Holding above its 0.0% retrace (18.96). No daily 3LB changes (reversal is 19.49).



WTI
Bullish short day. Tested and held SMA(55). Midpoint above EMA(10). Holding above its 50.0% retrace (97.71). New high on dally 3LB (reversal is 96.36). Not confirming the monthly 3LB reversal down.



SILVER
Spinning top day. Holding above SMA(89). Midpoint above EMA(10). Holding above its 38.2% minor retrace (31.85). No daily 3LB changes (reversal is 34.20).



BKX
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Holding above its 50.0% retrace (43.76). No daily 3LB changes (reversal is 43.61).



HYG/LQD
Bearish long day. Tested and failed SMA(55). Midpoint below EMA(10). Tested and failed its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7908).



USDJPY
Bearish short day. Midpoint above EMA(10). Holding above SMA(55). Tested and failed its 50.0% retrace (77.567). No daily 3LB changes (reversal is 75.52).



COPPER
Bearish short day. Midpoint below EMA(10). Tested and held SMA(21). Tested and failed its 50.0% retrace (3.863). No daily 3LB changes (reversal is 3.781).

IT HAS BEGUN. YOU HAVE BEEN WARNED.

S&P 500 Commentary for the Week Ahead

Anyone else suffering from Football withdrawals?

Yeah...thought so....

Some S&P 500 thoughts to consider here.  This is more bigger picture in nature with thoughts toward: "What if the market takes out the highs?  What does it mean?"

S&P 500 Commentary 12Feb12



Addenda:

Grammy Awards Tonight. Wonder if Whitney Houston will get a mention or two? What a waste....