AmenRa's Corner 5.24.12

"If it wasn't for Monday we would have already been Greaving."

Creditcane™: Don't let the small higher closes fool you. There's danger lurking.

SPX
Spinning top day. Midpoint below EMA(10). Tested and held SMA(144). Holding above the 38.2% retrace (1296.82). No daily 3LB changes (reversal is 1330.66). QE2infinity.

DXY
Bullish short day. Midpoint above EMA(10). Holding above the 0.0% retrace (81.50). Still above all SMA's. New high on daily 3LB (reversal is 81.38). Now above weekly 3LB rev.

VIX
Bearish short day. Midpoint below EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (21.62). Daily 3LB reversal down (reversal is 25.10).

GOLD
Doji day. Midpoint below EMA(10). Failing its 61.8% retrace (1598.10). Failing all SMA's. No daily 3LB changes (reversal is 1536.60). Still below its monthly 3LB mid. Must have the precious.

EURUSD
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 0.0% retrace (1.2782). New low on daily 3LB (reversal is 1.2724).

JNK
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Holding above its 50.0% retrace (38.24). No daily 3LB changes (reversal is 39.23).

10YR YIELD
Bullish short day. Still failing all SMA's. Midpoint below EMA(10). Tested and failed its 0.0% retrace (17.76). No daily 3LB changes (reversal is 17.02).

WTI
Bullish harami day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% retrace (95.03). No dally 3LB changes (reversal is 93.19). Still below the monthly 3LB mid.

SILVER
Bullish short day. Still failing all SMA's. Midpoint below EMA(10). Failing its 61.8% minor retrace (30.00). No daily 3LB changes (reversal is 28.89).

BKX
Spinning top day. Midpoint below EMA(10). Tested and held SMA(144). Tested and held its 50.0% retrace (43.76). No daily 3LB changes (reversal is 44.83).

HYG/LQD
Bearish short day. Still failing all SMA's. Midpoint above EMA(10). Tested and held its 61.8% minor retrace (0.7643). No daily 3LB changes (reversal is 0.7841).

COPPER
Bullish harami day. Midpoint below EMA(10). Failing all SMA's. Tested and held its 61.8% minor retrace (3.423). No daily 3LB changes (reversal is 3.517).

AAPL
Bearish short day. Tested and failed SMA(21). Midpoint above EMA(10). Tested and held its 61.8% minor retrace (563.20). No daily 3LB changes (reversal is 530.12).

AUDJPY
Spinning top day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 38.2% retrace (0.7800). No daily 3LB changes (reversal is 0.7930).

IT HAS BEGUN. YOU HAVE BEEN WARNED.

AmenRa's Corner 5.23.12

Blankfein and Dimon last weekend at the hunting lodge.

Creditcane™: There's a contract out on me. Bulls will do anything to live.

SPX
Hammer day. Midpoint below EMA(10). Tested and failed SMA(144). Tested and held the 38.2% retrace (1296.82) for the 3rd time. No daily 3LB changes (reversal is 1330.66). QE2infinity.

DXY
Bullish long day. Midpoint above EMA(10). Holding above the 0.0% retrace (81.50). Still above all SMA's. New high on daily 3LB (reversal is 81.37). Now above weekly 3LB rev.

VIX
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (21.62). No daily 3LB changes (reversal is 21.97).

GOLD
Bearish short day. Midpoint below EMA(10). Failing its 61.8% retrace (1598.10). Failing all SMA's. No daily 3LB changes (reversal is 1536.60). Still below its monthly 3LB mid. Must have the precious.

EURUSD
Bearish long day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 0.0% retrace (1.2782). New low on daily 3LB (reversal is 1.2736).

JNK
Spinning top day. Midpoint below EMA(10). Still failing all SMA's. Holding above its 50.0% retrace (38.24). No daily 3LB changes (reversal is 39.23).

10YR YIELD
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Now failing its 0.0% retrace (17.76). No daily 3LB changes (reversal is 17.02).

WTI
Bearish long day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% retrace (95.03). New low on dally 3LB (reversal is 93.19). Still below the monthly 3LB mid.

SILVER
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Failing its 61.8% minor retrace (30.00). No daily 3LB changes (reversal is 28.89).

BKX
Bullish short day. Midpoint below EMA(10). Tested and held SMA(144). Tested and held its 50.0% retrace (43.76). No daily 3LB changes (reversal is 44.83).

HYG/LQD
Bearish short day. Still failing all SMA's. Midpoint above EMA(10). Tested and failed its 61.8% minor retrace (0.7643). No daily 3LB changes (reversal is 0.7841).

COPPER
Bearish long day. Midpoint below EMA(10). Failing all SMA's. Tested and failed its 61.8% minor retrace (3.423). New low on daily 3LB (reversal is 3.517).

AAPL
Bullish long day. Tested and held SMA(21). Midpoint above EMA(10). Tested and held its 61.8% minor retrace (563.20). New high on daily 3LB (reversal is 530.12).

IT HAS BEGUN. YOU HAVE BEEN WARNED.

AmenRa's Corner 5.22.12

Creditcane™: I don't lose playing Jenga.

SPX
Doji day. Midpoint below EMA(10). Tested and failed SMA(144). Holding above the 38.2% retrace (1296.82). No daily 3LB changes (reversal is 1330.66). QE2infinity.

DXY
Bullish long day. Midpoint above EMA(10). Tested and held the 0.0% retrace (81.50). Still above all SMA's. New high on daily 3LB (reversal is 81.22). Now above weekly 3LB rev.

VIX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 38.2% minor retrace (21.62). No daily 3LB changes (reversal is 21.97).

GOLD
Bearish long day. Midpoint below EMA(10). Failing its 61.8% retrace (1598.10). Failing all SMA's. No daily 3LB changes (reversal is 1536.60). Still below its monthly 3LB mid. Must have the precious.

EURUSD
Bearish long day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 0.0% retrace (1.2782). New low on daily 3LB (reversal is 1.2736).

JNK
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Holding above its 50.0% retrace (38.24). No daily 3LB changes (reversal is 39.23).

10YR YIELD
Doji day. Still failing all SMA's. Midpoint above EMA(10). Holding above its 0.0% retrace (17.76). Daily 3LB reversal up (reversal is 17.02).

WTI
Bearish long day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% retrace (95.03). New low on dally 3LB (reversal is 93.19). Still below the monthly 3LB mid.

SILVER
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Failing its 61.8% minor retrace (30.00). No daily 3LB changes (reversal is 28.89).

BKX
Bullish short day. Midpoint below EMA(10). Tested and held SMA(144). Tested and held its 50.0% retrace (43.76). No daily 3LB changes (reversal is 44.83).

HYG/LQD
Bearish short day. Still failing all SMA's. Midpoint above EMA(10). holding above its 61.8% minor retrace (0.7643). No daily 3LB changes (reversal is 0.7841).

COPPER
Bearish long day. Midpoint below EMA(10). Failing all SMA's. Failing its 38.2% retrace (3.660). New low on daily 3LB (reversal is 3.517).

AAPL
Bearish short day. Tested and failed SMA(21). Midpoint above EMA(10). Tested and failed its 61.8% minor retrace (563.20). No daily 3LB changes (reversal is 530.12).

EEM
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 61.8% minor retrace (38.06). No daily 3LB changes (reversal is 38.72).

IT HAS BEGUN. YOU HAVE BEEN WARNED.

Sunday Evening Week Ahead Look....

Please enjoy responsibly:

Market Commentary 20May12


Addenda:

Anytime you feel like "the man" is bring you down, please channel your inner Randy Moss:

 "I do want I wanna do. I say what I wanna say."