Economy falls, Interest rates fall, Market rallies? This is getting ridiculous

Closing Prices

US Stocks
DJIA 12810.54 +47.23 SPX 1363.61 +3.13 NASDAQ 2873.54 +1.01
Russell 2000 885.29 +3.74 DJT 5514.87 +4.81 DJU429.06 +.64
US bonds and interest rates
US Gov rates: 6 mo .1017 %  2 yr .6013% 10 yr 3.28 -.03 30 yr 4.39 -.02
IEF(US10 yr) 94.33 +.05 TLT (US LT) 93.99 +.39
MUB (LT Natl Muni)101.89 +.20 Calif Muni (NCA) 8.60 +.12
HYG (High Yield) 92.90 +.27 PFF(Preferred) 40.04 +.085
BND (Total Bond Mkt) 80.85 uc
Commodities
Commodities Index (DBC) 31.90+.33
Gold 1556.40 +25.20 Silver 48.58 +1.06 Copper 4.16 -.08
Platinum 1865.50 +25.60 Lead (LD)62.15 -.78 Nickel (JJN)38.62 -.77
Oil 113.93 +1.07 RBOB 3.40 -.02 Nat Gas 4.70 +.13
Grains (JJG) 55.13 +1.79 Livestock (COW) 30.43 -.18
Cotton (BAL)88.00 +4.18 Agg complex(JJA) 64.90 +1.79  
US Dollar Index and World Currencies
Aussie 1.1010 +.0043 Euro 1.4747 -.18 Pound 1.6602 +.0067
Yen 1.2170 +.0061 Can$ 1.0511 +.0051 USD Index 73.10 -.20
World Debt markets
BWX(Intl Treas) 62.75 +.24 PCY(Emerging Mkt) 26.71 +.08
IBND(Intl Corp Bond)35.66 +.25
All Markets Current Trends

World debt markets
US Bonds: 4-15 current trend up

US Natl Muni Markets: : 2-18 current trend up
Intl Treas Bonds 1-24 current trend up
Intl Corp Bonds 1-24
Emerging Markets Debt: ..3-24 current trend up

Commodities
Gold: .2-18.  current trend up
Silver: .2-08  current trend up
Copper 4-18 current trend down
Platinum 4-27 current trend up
Lead 4-28 current trend down
Nickel  4-28 current trend neutral
Grain complex 4-28 Neutral 
Sugar 2-23 current trend down
Cotton `4-25 current trend down
Livestock 4-25 current trend down
Coffee 6-11-10 current trend up
Lumber  3-29 current trend down
Agg complex 4-28 Neutral
Oil :2-24. current trend up
Gasoline 10-1-10 current trend up
Natural Gas 4-21 current trend up

World Stock markets
US Stocks: 3-25 current trend up
Europe 3-29 current trend up
China: .3-24 . current trend up
Brazil 3-31 current trend up
Japan 3-11 current trend down
India 3-29 current trend up
Russia 4-25 neutral
Emerging Markets: .3-24.. current trend up
Total world markets 3-29 current trend up

Currencies markets

US Dollar Index 1-25 current trend down
Aussie Dollar 3-24 current trend up
Euro 1-28 current trend up

Brit Pd 1-31 current trend up

Jap Yen 4-26  current trend up 
Canadian Dollar 9-13-10 current trend up

Mexican Peso 9-22-10 current trend up
Brazilian Real 3-7 current trend up
Indian Rupe 2-22 current trend up

US Stock Market Trends

Mikey Short term up 3-29 12279
Mikey Intermediate Trend: Up 09/03/10 10477
Mikey Long term trend: UP 10/13/10 11052
Mikey current trend opinion: 3-29 Current trend up 12279
Mikey: 4-28 12763 Caution advisory..no long positions
IBD : 4-20 Market resumes uptrend


US markets short term  technical trading indicators:

VIX (OB 10 - OS 40) 14.75
Mikey OB/OS index (80 OB 20 OS) 1.01
Put/Call Ratio(.6 OB 1.2 OS) .82 10 day average .80
Ratio Put Premiums to Call Premium (..34 to 2.5)  .69   10 day ave .73
Mutial Fund  Purchase/Redemptions ( 1.5 to .66)  1.17   
Williams %R 12 day -2.99weekly -1.01
Bulls 54.3   Bears 18.5  Bull/Bear ratio 2.93
Mikey Thrust indicator: Daily 10 Weekly 10 (1 low, 10 max)20, -0
DJIA MACD +142.25 Rising/ positive cross 4-21
Weekly MACD +392.80  Positive cross 4-21
NYSE New Highs 361 (12/7 429)  New Lows 12
NASDAQ New Highs 198 (12-7 352) New Lows 20
Daily NYSE Advance-Decline +925  NASDAQ Advance-Decline +251
Daily Mikey A/D line NYSE (4-29 32806)+32806   NASDAQ (2-18 10095) +8306
5 day AD NYSE +3600 NASDAQ +1712
NYSE % above 200 day ave  77%
Days to option expiration: 15

Comments:
3-24 Continuation rally out of expiration
3-25 Market rallies back to break down. Mikey is OB at 89. Put/Call ratio .84 and .85 on 10 day neutral
3-28 P/C .61 10 day .82 Mikey rates trend Neutral
3-29 IBD and Mikey issue short term uptrend signals
4-5 Fed signals possible end to easing
4-6 Long bonds sell signal
4-6 Bullish advisers drop to 15.7 indicating capitulation
4-7 Oil tops 110
4-8 Commodities take a hit
4-11 IBD Market under pressure
4-15 Options expire
4-18 DJI closes at 50
Dollar rallies on S&P Downgrade
4-20 Rally back to highs as dollar sells off
4-21 UNG enters an uptrend bought@ 11.27.
Second buy added to ZSL @ 15.40 . 
4-25 Jap Yen moves from negative to Neutral
Cotton and Livestock join Copper in a downtrend from neutral
Metal stocks weak as Gold and silver hit new highs
4-26 Yen in uptrend, S&P downgrades Yen
4-27 Fed statement QE2 to end will support economy. Players take market as riskless trade.
Fed says economy growing but lower than expected unemployment still a problem, overseas sales slowing.
4-28 weakness in commodity rank and file spreading Corn -3.24%, Agg complex -3.05% , Lead -1.66%
Indicator off the charts overbought indicats almost no fear.
Mikey issues market overbought advisory...caution
4-29 Bonds and stocks moving up together that is like the wolves taking care of the lambs
DJI Moving Averages

5 day 12668  Rising/Price above
20 day 12434 Rising/ Price above
50 day 12240 Rising/Price above
90 day 12075  Rising/Price above
200 day 11388 Rising/Price above
20 week 12067 Rising/Price above
50 week 11197 Rising/ Price above
90 week 10778 Rising/Price above
200 week 10841  Flat/Price above

Current trades:
3-25 Buy ZSL @ 24.05
4-21 Buy ZSL @15.40
4-21 Long UNG @11.27
4-27 Short JJC @ 56.58

Interest rates are falling as the economy falls. That makes sense but stocks rallying at he same time as profits increase, give me a break. Somebody is lying here you can't have it both ways. The bond market and the stock market are both going up together. One of them has it wrong. I say its stocks.

Mikey