AmenRa's Corner 5.15.12

The Greek Election Committee as they prepare to visit the IMF, ECB, France and Germany.

Creditcane™: Who's house?!? Creditcane's house!

SPX
Bearish short day. Midpoint below EMA(10). Failing SMA(89). Tested and failed the 61.8% minor retrace (1343.55). New low on daily 3LB (reversal is 1354.58). QE2infinity.

DXY
Bullish long day. Midpoint above EMA(10). Holding above the 38.2% minor retrace (80.33). Still above all SMA's. New high on daily 3LB (reversal is 80.11). Still above weekly 3LB mid.

VIX
Spinning top day. Midpoint above EMA(10). Tested and held SMA(144). Tested and held its 38.2% minor retrace (21.62). New high on daily 3LB (reversal is 16.24).

GOLD
Bearish short day. Midpoint below EMA(10). Failing its 61.8% retrace (1598.10). Failing all SMA's. New low on daily 3LB (reversal is 1594.20). 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 1.2948).

JNK
Bearish long day. Midpoint below EMA(10). Failing SMA(89). Failing its 38.2% minor retrace (39.62). New low on daily 3LB (reversal is 39.73).

10YR YIELD
Spinning top day. Still failing all SMA's. Midpoint below EMA(10). Tested and held its 0.0% retrace (17.76). New low on daily 3LB (reversal is 18.84).

WTI
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Tested and failed its 38.2% retrace (94.65). New low on dally 3LB (reversal is 96.81). Still below the monthly 3LB mid.

SILVER
Bearish long day. Still failing all SMA's. Midpoint below EMA(10). Failing its 61.8% minor retrace (30.00). New low on daily 3LB (reversal is 29.17).

BKX
Bearish short day. Midpoint below EMA(10). Failing SMA(89). Still failing its 61.8% retrace (46.14). New low on daily 3LB (reversal is 46.50).

HYG/LQD
Spinning top day. Still failing all SMA's. Midpoint below EMA(10). Failing its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7676).

COPPER
Bearish short day. Midpoint below EMA(10). Failing SMA(144). Failing its 38.2% retrace (3.660). New low on daily 3LB changes (reversal is 3.659).

AAPL
Bearish short day. Failing SMA(55). Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (563.20). New low on daily 3LB (reversal is 610.00).

AUDJPY
Spinning top day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 50.0% minor retrace (0.7978). No daily 3LB changes (reversal is 0.8205).

IT HAS BEGUN. YOU HAVE BEEN WARNED.

AmenRa's Corner 5.14.12

Creditcane™: I am the master of your fate. I am the captain of your soul.

SPX
Bearish long day. Midpoint below EMA(10). Failing SMA(89). Tested and failed the 61.8% minor retrace (1343.55). New low on daily 3LB (reversal is 1358.59). 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 80.08). Still above weekly 3LB mid.

VIX
Bullish short day (hanging man? probably not). Midpoint above EMA(10). Still above all SMA's. Tested and held its 38.2% minor retrace (21.62). Daily 3LB reversal up (reversal is 16.24).

GOLD
Bearish long day. Midpoint below EMA(10). Failing its 61.8% retrace (1598.10). Failing all SMA's. New low on daily 3LB (reversal is 1604.50). Still below its monthly 3LB mid. Must have the precious.

EURUSD
Bearish long day. Midpoint below EMA(10). Still failing all SMA's. Failing its 38.2% minor retrace (1.3057). New low on daily 3LB (reversal is 1.3028).

JNK
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(89). Failing its 38.2% minor retrace (39.62). Daily 3LB reversal down (reversal is 39.73).

10YR YIELD
Spinning top day. Still failing all SMA's. Midpoint below EMA(10). Tested and held its 0.0% retrace (17.76). Daily 3LB reversal down (reversal is 18.84).

WTI
Bearish long day. Still failing all SMA's. Midpoint below EMA(10). Tested and failed its 38.2% retrace (94.65). New low on dally 3LB (reversal is 97.01). Still below the monthly 3LB mid.

SILVER
Bearish long day. Still failing all SMA's. Midpoint below EMA(10). Failing its 61.8% minor retrace (30.00). New low on daily 3LB (reversal is 29.24).

BKX
Bearish long day. Midpoint below EMA(10). Now failing SMA(89). Tested and failed its 61.8% retrace (46.14). New low on daily 3LB (reversal is 46.83).

HYG/LQD
Bearish long day. Now failing all SMA's. Midpoint below EMA(10). Failing its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7676).

COPPER
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(144). Tested and failed its 38.2% retrace (3.660). New low on daily 3LB changes (reversal is 3.678).

AAPL
Bearish short day. Failing SMA(55). Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (563.20). Daily 3LB reversal down (reversal is 610.00).

IT HAS BEGUN. YOU HAVE BEEN WARNED.

Week Ahead Look the S&P 500

Everyone has at least one, so big round of applause to all the Moms out there on Mother's Day.

There are less pictures and a little more commentary in this update. Please enjoy responsibly. Market Commentary 13May12

AmenRa's Corner 5.11.12

"Thanks for buying the dance tickets JPM. Will you have any more available next week?"

Creditcane™: JPM is trying to usurp my gig.

SPX
Spinning top day. Midpoint below EMA(10). Tested and failed SMA(89). Tested and failed the 50.0% minor retrace (1357.98). New low on daily 3LB (reversal is 1382.20). Had a weekly 3LB confirmation of the reversal down. QE2infinity.

DXY
Bullish short day. Midpoint above EMA(10). Tested and failed the 38.2% minor retrace (80.33). Still above all SMA's. New high on daily 3LB (reversal is 78.92). Still above weekly 3LB mid.

VIX
Bearish short day (w/long tail). Midpoint above EMA(10). Still above all SMA's. Tested and held its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 20.39).

GOLD
Bearish short day. Midpoint below EMA(10). Tested and failed its 61.8% retrace (1598.10). Failing all SMA's. New low on daily 3LB (reversal is 1614.10). Still below its monthly 3LB mid. Must have the precious.

EURUSD
Spinning top day. Midpoint below EMA(10). Still failing all SMA's. Failing its 38.2% minor retrace (1.3057). New low on daily 3LB (reversal is 1.3341).

JNK
Bullish long day. Midpoint below EMA(10). Tested and held SMA(55). Tested and failed its 38.2% minor retrace (39.62). No daily 3LB changes (reversal is 39.33).

10YR YIELD
Bearish short day (closed gap). Still failing all SMA's. Midpoint below EMA(10). Still failing its 0.0% retrace (18.96). No daily 3LB changes (reversal is 18.35).

WTI
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Failing its 50.0% retrace (99.04). New low on dally 3LB (reversal is 97.94). 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 (29.92). New low on daily 3LB (reversal is 29.46).

BKX
Bearish short day. Midpoint below EMA(10). Tested and held SMA(89). Tested and held its 61.8% retrace (46.14). New low on daily 3LB (reversal is 47.93).

HYG/LQD
Doji day. Tested and failed SMA(21,144). Midpoint below EMA(10). Tested and failed its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7676).

COPPER
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(144). Tested and failed its 38.2% retrace (3.660). New low on daily 3LB changes (reversal is 3.721).

AAPL
Bearish short day. Failing SMA(55). Midpoint below EMA(10). Holding above its 61.8% minor retrace (563.20). No daily 3LB changes (reversal is 560.28).

AUDJPY
Spinning top day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 50.0% minor retrace (0.8011). No daily 3LB changes (reversal is 0.8348).

IT HAS BEGUN. YOU HAVE BEEN WARNED.