AmenRa's Corner 3.14.12

Sign seen over the door where the stress test results were collected.

Creditcane™: Go ahead. Keep on ignoring me.

SPX
Spinning top day. Midpoint above EMA(10). Holding above all SMA's. Holding above the 0.0% retrace (1359.44). No daily 3LB changes (reversal is 1343.36). QE2infinity.



DXY
Bullish long day. Midpoint above EMA(10). Tested and held the 38.2% minor retrace (80.33). Still above all SMA's. New high on daily 3LB (reversal is 79.87).



VIX
Bullish short day (*higher high & higher low). Midpoint below EMA(10). Failing all SMA's. Holding above its 100.0% retrace (14.27). No daily 3LB changes (reversal is 20.79).



GOLD
Bearish long day. Midpoint below EMA(10). Tested and failed its 50.0% retrace (1649.30). Tested and failed SMA(233). Daily 3LB reversal down (reversal is 1711.50). Now below monthly 3LB mid. Must have the precious.



EURUSD
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(55). Tested and failed its 38.2% minor retrace (1.3059). Daily 3LB reversal down (reversal is 1.3460).



JNK
Hanging man day (also bearish harami). Midpoint above EMA(10). Tested and held SMA(21). Tested and held its 38.2% minor retrace (39.62). No daily 3LB changes (reversal is 39.88).



10YR YIELD
Bullish long day. Still above all SMA's. Midpoint above EMA(10). Tested and held its 50.0% minorretrace (22.11). New high on daily 3LB (reversal is 19.22).



WTI
Bearish long day. Tested and failed SMA(21). Midpoint below EMA(10). Tested and failed its 38.2% minor retrace (105.44). No dally 3LB changes (reversal is 109.77). Not confirming the monthly 3LB reversal down.



SILVER
Bearish long day. Tested and failed SMA(55,89). Midpoint below EMA(10). Tested and held its 38.2% minor retrace (31.77). New low on daily 3LB (reversal is 37.20).



BKX
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% retrace (46.14). New high on daily 3LB (reversal is 43.80).



HYG/LQD
Bullish long day. Tested and held SMA(233). Midpoint above EMA(10). Holding above its 38.2% retrace (0.7808). Daily 3LB reversal up (reversal is 0.7706).



USDJPY
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 50.0% minor retrace (83.511). New high on daily 3LB (reversal is 81.80).



CRB
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(144). Holding above its 61.8% minor retrace (314.63). No daily 3LB changes (reversal is 321.17).



AAPL
Bullish long day. Still above all SMA's. Midpoint above EMA(10). Holding above its 0.0% retrace (568.18). New high on daily 3LB (reversal is 533.16).

IT HAS BEGUN. YOU HAVE BEEN WARNED.

AmenRa's Corner 3.13.12

Drive safely. Dead bears have been seen all over the interstate.

Creditcane™: Repeat after me. Look both ways before crossing the market.

SPX
Bullish long day. Midpoint above EMA(10). Holding above all SMA's. Holding above the 0.0% retrace (1359.44). Daily 3LB reversal up (reversal is 1343.36). QE2infinity.



DXY
Bullish long day. Midpoint above EMA(10). Tested and held the 50.0% minor retrace (79.96). Still above all SMA's. New high on daily 3LB (reversal is 78.35).



VIX
Bullish short day (still closed lower). Midpoint below EMA(10). Failing all SMA's. Tested and held its 100.0% retrace (14.27). New low on daily 3LB (reversal is 20.79).



GOLD
Bearish short day. Midpoint below EMA(10). Failing its 38.2% retrace (1721.70). Tested and failed SMA(89). No daily 3LB changes (reversal is 1672.10). Still above monthly 3LB mid. Must have the precious.



EURUSD
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(55). Tested and failed its 50.0% minor retrace (1.3145). No daily 3LB changes (reversal is 1.3063).



JNK
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21). Tested and failed its 50.0% minor retrace (39.86). No daily 3LB changes (reversal is 39.88).



10YR YIELD
Bullish long day. Still above all SMA's. Midpoint above EMA(10). Holding above its 0.0% retrace (18.96). Daily 3LB reversal up (reversal is 19.22).



WTI
Spinning top day. Still above all SMA's. Midpoint above EMA(10). Tested and failed its 50.0% minor retrace (106.97). No dally 3LB changes (reversal is 109.77). Not confirming the monthly 3LB reversal down.



SILVER
Bearish short day. Tested and failed SMA(144). Midpoint below EMA(10). Failing its 61.8% retrace (35.41). No daily 3LB changes (reversal is 37.20).



BKX
Bullish long day (gatdayyuum long). Midpoint above EMA(10). Still above all SMA's. Tested and held its 61.8% retrace (46.14). Daily 3LB reversal up (reversal is 43.80).



HYG/LQD
Bearish short day. Tested and failed SMA(55). Midpoint above EMA(10). Tested and held its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7857).



COPPER
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21). Holding above its 50.0% retrace (3.802). No daily 3LB changes (reversal is 3.987).



AAPL
Bullish long day. Still above all SMA's. Midpoint above EMA(10). Holding above its 0.0% retrace (552.00). New high on daily 3LB (reversal is 530.26).



DJ TRANS AVG
Bullish long day. Tested and held SMA(21,55). Midpoint above EMA(10). Tested and held its 50.0% minor retrace (5226.88). Daily 3LB reversal up (reversal is 5047.25).

IT HAS BEGUN. YOU HAVE BEEN WARNED.

AmenRa's Corner 3.12.12

Creditcane™: An EMP would make me disappear. Unfortunately I'm like a cockroach. I don't die.

SPX
Doji day. Midpoint above EMA(10). Holding above SMA(21). Holding above the 0.0% retrace (1359.44). No daily 3LB changes (reversal is 1374.09). QE2infinity.




DXY
Bearish harami day. Midpoint above EMA(10). Tested and failed the 50.0% minor retrace (79.96). Still above all SMA's. No daily 3LB changes (reversal is 78.27).



VIX
Doji day. Midpoint below EMA(10). Failing all SMA's. Failing its 61.8% minor retrace (18.81). New low on daily 3LB (reversal is 21.14).



GOLD
Bearish short day. Midpoint below EMA(10). Failing its 38.2% retrace (1721.70). Tested and held SMA(89). No daily 3LB changes (reversal is 1672.10). Still above monthly 3LB mid. Must have the precious.



EURUSD
Bullish harami day. Midpoint below EMA(10). Tested and held SMA(55). Tested and held its 50.0% minor retrace (1.3145). No daily 3LB changes (reversal is 1.3063).



JNK
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and failed its 38.2% minor retrace (39.62). No daily 3LB changes (reversal is 39.88).



10YR YIELD
Bullish short day. Still above all SMA's. Midpoint above EMA(10). Holding above its 0.0% retrace (18.96). No daily 3LB changes (reversal is 20.47).



WTI
Bearish short day. Still above all SMA's. Midpoint above EMA(10). Tested and failed its 50.0% minor retrace (106.97). No dally 3LB changes (reversal is 109.77). Not confirming the monthly 3LB reversal down.



SILVER
Bearish short day. Tested and failed SMA(144). Midpoint below EMA(10). Failing its 61.8% retrace (35.41). No daily 3LB changes (reversal is 37.20).



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 45.79).



HYG/LQD
Bullish short day. Tested and failed SMA(21). Midpoint above EMA(10). Failing its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7857).



EEM
Bearish short day. Midpoint below EMA(10). Failing SMA(21). Tested and failed its 61.8% retrace (43.48). No daily 3LB changes (reversal is 44.75).



AAPL
Bullish short day. Still above all SMA's. Midpoint above EMA(10). Tested and held its 0.0% retrace (547.61). Daily 3LB reversal up (reversal is 530.26).

IT HAS BEGUN. YOU HAVE BEEN WARNED.

Week Ahead Glimpse: S&P500 and DXY

Hope everyone had a good weekend.

I spy a small triangle development on the S&P500 next several days....  We should get some choppy downside action next few days as we carve the c-wave of this triangle.

I like the idea of scale-selling the DXY in front of 80.50.

Other than that I'm just wondering where all this rain is coming form in Houston-ville...We couldn't buy a drop last year amidst the worst drought we had seen...and now it won't stop.

Market Commentary 11Mar12