The world is saved US Fed Prints dollars for Europe DJI rallies 490

This is a band aide to buy time for this problem. The banks may be saved for now but the austerity measures that are to come and the problems left to sort out are in my mind unsolvable in the near term. This dance can go on and on but it is not doing anything to deal with the problem. 

The markets are tired to the hip to the dollar and the US Fed did their best to trash the dollar by printing new money for Europe. The risk trade has gone to Sovereign levels now and they are not just dealing with in country banks but plugging up national debt and the problem is spreading. Today we party until the next disaster rears its head.

The current trend is trend turned up today the NYSE is still oversold for the past 10 days and far from overbought on the 5 and 20. The Put/call ratio ended at .86 indicating that there is some disbelief in this rally and the put premiums are still a high 123.  The VIX came back to earth to 27.80 which makes the Mikey LT at a more neutral 49.

The commodities markets are taking note of the dollar and are trying to turn up.  Copper had a big day rising .20 and has gone current trend up. Silver is on the verge joining oil and Gold on the upside. The bond markets are getting hit along with the dollar and both are barely hanging on to their uptrend. In other words, the Fed is saving Europe at the expense of rising commodities and rising interest rates. Sound familiar??

Mikey

Closing Prices

US Stock Indexes DJI Trading Range 10600 to 12200
Long term trend Neutral  Intermediate trend neutral   Current trend up
Market conditon :Mikey10 oversold, Mikey 5 and Mikey 20 neutral
DJIA 12045.68 +490.05 S/P 500 1246.96 +51.77
NYSE Comp 7484.50 +334.79  NASDAQ 2629.34 +104.83
S/P Small Cap 600 410.48 +22.67 Russell 2000 737.42 +41.32
DJT 4946.17 +225.96  DJU 448.84 +11.74
US bonds and interest rates
US Gov rates: 6 mo .0550%  2 yr .2578% 5 Yr  .9456% 10 yr 2.06 30 yr 3.04
Ave Mtg rates : 30 Yr 4.02% 30 Yr Rifi 4.10% 15 Yr 3.39% 5/1 ARM 2.94
IEF (US10 yr) 103.90 -.61 TLT (USLT) 117.88 -1.87
MUB (NatlMuni) 106.17 -.05 Cal Muni (NCA) 9.25 +.01
Preferred (PFF) 35.94 +.22 HYG (High Yield)86.60 +1.45
BND Total Bond Index 83.36 -.18
Commodities
CRB Commodities Index 313.82 +3.36  
Gold 1750.30 +36.90 Silver 32.80 +.94 Copper 3.57 +.20
Platinum 1560.80 +20.10  Nickel (JJN) 25.19 +.69
Oil 100.36 +.57 RBOB 2.56 +.03 Nat Gas  3.55 -.08
Grains (JJG) 42.37 +.22  Livestock (COW) 31.18 +.22
Cotton (BAL) 56.50 -.53  Agg complex(JJA) 51.46 +.46
US Dollar Index and World Currencies
Euro 1.3385 +.0109 Pound 11.5572 +.0081 Swiss Franc 1.0815 +.0078
Yen 1.2698 +.0051 Aussie 1.0312 +.0260 Dollar Index 78.49 -.65
World Debt markets
BWX(Intl Treas) 59.14 +1.04 PCY(EmerMkt) 26.94 +.13 IBND(Intl Corp) 31.81 -.01





All Markets Current Trends 

World debt markets

US Bonds: 11-16 current trend up
US Natl Muni Markets:: 11-21 current trend up
Intl Treas Bonds 11-9 current trend down
Intl Corp Bonds 11-9 current trend down
Emerging Markets Debt: 11-21 current trend down
US High Yield 11-30 current trend neutral

US Preferred Stocks 11-30 current trend neutral
Commodities

Commodity index (Broad based) 11-30 current trend neutral 
Gold: .11-29 current trend up  
Silver: 11-30 current trend neutral
Copper 11-30 current trend up
Platinum 11-17 current trend down

Palladium 11-17 current trend down
Nickel 11-1 current trend down

Grain complex 9-19 current trend down   

Sugar 10-31 current trend down
Cotton 10-21 current trend down
Livestock 11-21 current trend neutral
Coffee 9-21 current trend down

Lumber 9-23 current trend down
Agg complex 9-16 current trend down

Oil 10-18 current trend up
Gasoline 11-21 current trend down
Natural Gas 7-28 current trend down

World Stock markets

US Stocks: 11-30 current trend up
Europe 11-9 current trend down
China: 10-26  current trend up
Brazil 11-30  current trend neutral
Japan 11-30 current trend neutral
India 11-9 current trend neutral
Russia 11-30  current trend neutral
Emerging Markets: 11-30 current trend neutral
Total world markets 11-30 current trend up


Currencies markets

US Dollar Index 11-14 current trend up
Aussie Dollar 11-30 current trend up  
Euro 11-14  current trend down
Brit Pd  11-21   current trend down l
Swiss Franc: 10-27  current trend down  
Jap Yen 10-31 current trend down
Canadian Dollar 11-21 current trend down
Mexican Peso 8-3 current trend down

Brazilian Real 11-30 current trend neutral
Indian Rupe 11-21  current trend down

Trend changes today:

World Stocks:US up, Brazil neutral, Japan neutral, Russia neutral, Emerging mkts neutral,
Total world mkts up
Currencies:, Aussie to up, Brazilian Real to neutral
Commodities: Copper to up Silver to neutral
World Debt : High yield to neutral, Preferred to neutral
Intermediate Term Trends
Oil: Neutral
Gold: Up
Silver: down
Commodities: Down
US Bonds: Up
World Bonds: Down
Emerging Debt: Neutral
Emerging Markets: Down
Dollar:UP
World Stocks: Down 
US Stocks Down


US Stock Market Trends

Mikey Short term  up   11-30 12045
Mikey Intermediate Trend: Neutral   11-30 12045
Mikey Long term Neutral 8-4-11 11779

NYSE 11-30 Current trend up
NASDAQ 11-30 Current trend down

DJ Utilities: 11-30 Current trend down
Transports: 11-30 current trend neutral
Russell 2000: 11-30 current trend down 
IBD :11-17  Market in Correction 11770
US markets short term technical trading indicators:

Mikey5 +40 Mikey10 -108 Mikey20 -7(-135 OS, 0 Neutral,  135 OB)

VIX (OB 10 - OS 40) 27.80  ,VXZ 66.61
Mikey Int OB/OS index (80 OB 20 OS)+49
Put/Call Ratio .85 10 day average .97
Put Premium/Call Premium 1.23 10 day 1.15
Mutual Fund Purchase/Redemptions  ( 1.5 to .66) 1.07
Stocastic Fast D 10 day 29.24  Weekly 61.08
Bulls 44.2   Bears 30.5   Bull/Bear ratio 1.45
Daily DJIA MACD  -19.91 up/ Negative cross 11-9
Weekly MACD -20.95 up / Positive cross 10-24
NYSE New Highs 103 (12/7-10 429) New Lows (8-8-11 1345 ) 23
NASDAQ New Highs 62 (12-7-10, 352 ) New Lows ( 10-4-11, 755 ) 66
Advance/Declines

Daily NYSE Advance-Decline +2292 Nasdaq Advance-Decline +1622
Daily Mikey A/D line NYSE (7-7 37567) (8-8 19199) 29462
Daily Mikey A/D line NASDAQ (2-18 10095) (10-3-10-15390) -11735
5 day AD NYSE +1595 NASDAQ -91 NYSE..(OB +4000 OS -4000)
10 day AD NYSE -5415 (5000 OB-5000 OS) 20 day -487 (7000 OB -7000 OS)
% above 200 day ave  36%

below 50% indicates intermediate trend down

DJI Moving Averages

5 day 11522  up/ Price above
20 day 11811  Down/ Price above
50 day 11553 Flat/Price above

90 day 11490 Down/Price above
200 day 11949 Down / Price above
20 week 11528 Down/ Price above
50 week 11928  Down/Price below
90 week 11379  Up Price/above
200 week 10609 Flat / Price above

Daily comments for last 30 days:

10-21 The intermediate term was upgraded to neutral and the current trend is still up. Stocks break out above the top of their trading range of 11600 close at 11808

10-24 All three Mikey indicators are overbought. The Mikey5 is at 38, the Mikey10 is at 144 and the Mikey20 is at 136. This is unusual and the last time it happened was July 7 and that was a top. The trends are turning positive for world markets. Brazil current trend is now up along with the total world markets indicator. US bonds are now in current trend down and joined its buddy the dollar. I believe these changes are temporary but the trends must be honored.
10-25 another day another almost solved European crisis another dollar down day  160 points. Ho hum
10-27 Euro Deal made stocks rally World stocks turn up US bonds and dollar in downtrend
10-28 Euro party ends now lets look at something else like phony job numbers that's next week
11-1 Stocks closed down 297 at 11657 or at the 20 week average. That was the breakout on 10-21 and was then resistance and now is support. That is also my line in the sand or you may also call it the pivot point.That is the critical area that this battle is being fought. A closetocks closed down 297 at 11657 or at the 20 week average. That was the breakout on 10-21 and was then resistance and now is support. That is also my line in the sand or you may also call it the pivot point.That is the critical area that this battle is being fought. A close below that number would turn the trend down again. Pt/calls ran hot at 1.22
11-8 approaching overbought
11-9 Europe breaks dollar rallies stocks sink 389
11-12 Market back above 200 day weaving back and forth on Europe story
11-21 The big news today was that world stocks all broke their up trends are in a downtrend along with the broader commodity index. The only commodity I follow that in in an uptrend is oil as Gold broke its uptrend today. The strength of the dollar is overwhelming the asset markets. The central bankers have a decision to make here which is to pump it up by taking the dollar lower or letting the markets fall.
11-22 all markets in downtrends market oversold Mikey5 -175 Mikey 10 -138
11-23 Dollar strength and weak world assets US Bonds 30 year 2.88%
11-24 Market oversold M5 157 M10 166 M20 126
11-27 Market opens up 300
11-30 Central banks intervene with Fed printing dollars for Europe marketm rallies 490

Dow Spikes 350 After Central Bank Action

Global central banks announced a coordinated plan to support the global financial system, China said it would loosen monetary policy by cutting banks' reserve requirements.

The world's major central banks including the ECB, Federal Reserve, Bank of England and the central banks of Canada, Japan and Switzerland agreed to coordinated action to ease the increasing strains on the global financial system. The move is designed to "enhance their capacity to provide liquidity support to the global financial system."  Yesterday the ECB was making statements that Europe was on the brink of collapse and was threatening the global financial system.  Meanwhile, China surprised with its first cut in banks' reserve requirements in hopes of boosting an economy running at its weakest pace since 2009.

The action comes as Europe was on the brink of collapse and was reminiscent of  QE 1 in 2009. The predictable response was a dollar that was nailed .89 to 78.26.  The move also traps the shorts and will send them for cover. This is the second day this week where the markets were gaped at the open with no warning. 

The markets will flash a buy signal if these gains are held today the move takes out the top end of a trading range at 11700 and establishes a new trading range with 11700 on the low end and 12208 on the high side.
A move avove the 50 week average of 11928 returns the intermediate trend to up.

Mikey

ECB's Noyer: Europe's Situation Has Significantly Worsened

ECB's Noyer: Europe's Situation Has Significantly Worsened

European Central Bank governing council member Christian Noyer said on Wednesday that the situation in Europe has significantly worsened, threatening global financial markets.

"The situation in Europe and the world has significantly worsened over the past few weeks. Market stress has intensified," he said at a conference in Singapore.

"We are now looking at a true financial crisis -- that is a broad-based disruption in financial markets."

Italy's borrowing costs hit a euro lifetime peak of nearly 8 percent on Tuesday as pressure on euro zone finance ministers intensified to staunch a two-year-old debt crisis that is threatening to spark a global credit crunch and push the world economy into recession.

Policymakers and economists have floated a few possible solutions for Europe's woes, including the issue of bonds backed by all members of the euro zone to help the weaker economies, increased sovereign debt purchases by the ECB and increasing the size of a bailout fund for the region.

But opposition from Germany and other hardliners in the ECB to some of these proposals has prevented the bank from taking decisive action.

Gold turns back up as dollar pulls back

Gold joined Oil in an uptrend as bankers softened the dollar to support assets. Stocks treaded water after yesterdays 1 hour 300 point rally on the open. US bonds weakened and rates rose. Put/call ratios were reported at .86 and for the second day were below 1.00.  The dollar index fell .29 to 79.14 and is now .86 below the important breakout number of 80.00.

The Eurozone finance ministers increased the size of their rescue fund. The Italian 3 year note was price to yield 7.63%. The idea of a recession in Europe is a done deal to me. The debt crisis is leading to a auterity and economic crisis and it is proceeding quickly.  Today, though, things were reported to be better. Good Luck.

Mikey

Closing Prices

US Stock Indexes DJI Trading Range 10600 to 11700
Long term trend Neutral   Intermediate trend down   Current trend down
Market conditon :Mikey10 oversold, Mikey 5 and Mikey 20 neutral
DJIA 11555.63 +32.62   S/P 500 1195.19 +2.69  
NYSE Comp 7149.71 +29.16  NASDAQ 2515.51 -11.83 
S/P Small Cap 600 387.81 -.87  Russell 2000 696.10 -1.80 
DJT 4720.21 +27.86  DJU 437.10 +4.90 
US bonds and interest rates
US Gov rates: 6 mo .0600%  2 yr .2578% 5 Yr  .9311% 10 yr 2.00 30 yr 2.97
Ave Mtg rates : 30 Yr 4.04% 30 Yr Rifi 4.13% 15 Yr 3.40% 5/1 ARM 3.00
IEF (US10 yr) 104.51 -.20 TLT (USLT) 119.75 -.99
MUB (NatlMuni) 106.22 -.02 Cal Muni (NCA) 9.24 +.01
Preferred (PFF) 35.72 -.19 HYG (High Yield)85.15 +.55
BND Total Bond Index 83.54 -.12
Commodities
CRB Commodities Index 310.46 +2.50
Gold 1713.40 +2.90  Silver 31.86 -.30 Copper 3.37 +.01
Platinum 1540.70 +1.20 Nickel (JJN) 24.50 -.10
Oil 99.79 +1.58  RBOB 2.53 -.04  Nat Gas  3.63 +.11
Grains (JJG) 42.15 +.74 Livestock (COW) 30.96 +.16
Cotton (BAL) 57.03 +.86 Agg complex(JJA) 51.00 +.64
US Dollar Index and World Currencies
Euro 1.3276 +.0016  Pound 1.5491 +.0108  Swiss Franc 1.0737 +.0031
Yen 1.2647 +.0013 Aussie 1.0052 +.0124 Dollar Index 79.14 -.29
World Debt markets
BWX(Intl Treas) 58.10 +.18  PCY(EmerMkt) 26.81 uc  IBND(Intl Corp) 31.82 +.02




All Markets Current Trends 

World debt markets

US Bonds: 11-16 current trend up
US Natl Muni Markets:: 11-21 current trend up
Intl Treas Bonds 11-9 current trend down
Intl Corp Bonds 11-9 current trend down
Emerging Markets Debt: 11-21 current trend down
US High Yield 11-21 current trend down

US Preferred Stocks 11-22 current trend down
Commodities

Commodity index (Broad based) 11-21 current trend down 
Gold: .11-29 current trend up  
Silver: 11-17 current trend down
Copper 11-17 current trend down

Platinum 11-17 current trend down
Palladium 11-17 current trend down
Nickel 11-1 current trend down

Grain complex 9-19 current trend down   

Sugar 10-31 current trend down
Cotton 10-21 current trend down
Livestock 11-21 current trend neutral
Coffee 9-21 current trend down

Lumber 9-23 current trend down
Agg complex 9-16 current trend down

Oil 10-18 current trend up
Gasoline 11-21 current trend down
Natural Gas 7-28 current trend down

World Stock markets

US Stocks: 11-22 current trend down
Europe 11-9 current trend down
China: 10-26  current trend down
Brazil 10-24  current trend down
Japan 11-1 current trend down
India 11-9 current trend neutral
Russia 11-9 current trend neutral
Emerging Markets: 11-9 current trend down
Total world markets 11-9 current trend down


Currencies markets

US Dollar Index 11-14 current trend up
Aussie Dollar 11-21 current trend down  
Euro 11-14  current trend down
Brit Pd  11-21   current trend down l
Swiss Franc: 10-27  current trend down  
Jap Yen 10-31 current trend down
Canadian Dollar 11-21 current trend down
Mexican Peso 8-3 current trend down

Brazilian Real 11-21 current trend down
Indian Rupe 11-21  current trend down

Trend changes today:

World Stocks:
Currencies:,
Commodities:
World Debt :
Intermediate Term Trends
Oil: Neutral
Gold: Up
Silver: down
Commodities: Down
US Bonds: Up
World Bonds: Down
Emerging Debt: Neutral
Emerging Markets: Down
Dollar:UP
World Stocks: Down 
US Stocks Down


US Stock Market Trends

Mikey Short term  down  11-22 11493
Mikey Intermediate Trend: down   11-21 11547
Mikey Long term Neutral 8-4-11 11779

NYSE 10-14 Current trend down
NASDAQ 11-17 Current trend down

DJ Utilities: 11-22 Current trend down
Transports: 11-29 current trend neutral
Russell 2000: 11-22 current trend down 
IBD :11-17  Market in Correction 11770
US markets short term technical trading indicators:

Mikey5 -64 Mikey10 -138 Mikey20 -70 (-135 OS, 0 Neutral,  135 OB)

VIX (OB 10 - OS 40) 30.64 ,VXZ 69.26
Mikey Int OB/OS index (80 OB 20 OS)+37
Put/Call Ratio .87 10 day average .96
Put Premium/Call Premium 1.25 10 day 1.12
Mutual Fund Purchase/Redemptions  ( 1.5 to .66) 1.07
Stocastic Fast D 10 day 13.61  Weekly 57.05
Bulls 47.4   Bears 32.6   Bull/Bear ratio 1.45
Daily DJIA MACD  -87.94 down/ Negative cross 11-9
Weekly MACD -58.81 down / Positive cross 10-24
NYSE New Highs 41 (12/7-10 429) New Lows (8-8-11 1345 ) 50
NASDAQ New Highs 21 (12-7-10, 352 ) New Lows ( 10-4-11, 755 ) 101
Advance/Declines

Daily NYSE Advance-Decline -75 Nasdaq Advance-Decline -596
Daily Mikey A/D line NYSE (7-7 37567) (8-8 19199) 27170
Daily Mikey A/D line NASDAQ (2-18 10095) (10-3-10-15390) -13357
5 day AD NYSE -2543 NASDAQ -2425 NYSE..(OB +4000 OS -4000)
10 day AD NYSE -6907 (5000 OB-5000 OS) 20 day -4911  7000 OB -7000 OS)
% above 200 day ave  26%

below 50% indicates intermediate trend down

DJI Moving Averages

5 day 11412  Flat/ Price above
20 day 11792  Down/ Price below

50 day 11540 Flat/Price above
90 day 11496 Down/Price above
200 day 11949 Down / Price below
20 week 11528 Down/ Price above
50 week 11928  Down/Price below
90 week 11379  Up Price/above
200 week 10609 Flat / Price above

Daily comments for last 30 days:

10-21 The intermediate term was upgraded to neutral and the current trend is still up. Stocks break out above the top of their trading range of 11600 close at 11808

10-24 All three Mikey indicators are overbought. The Mikey5 is at 38, the Mikey10 is at 144 and the Mikey20 is at 136. This is unusual and the last time it happened was July 7 and that was a top. The trends are turning positive for world markets. Brazil current trend is now up along with the total world markets indicator. US bonds are now in current trend down and joined its buddy the dollar. I believe these changes are temporary but the trends must be honored.
10-25 another day another almost solved European crisis another dollar down day  160 points. Ho hum
10-27 Euro Deal made stocks rally World stocks turn up US bonds and dollar in downtrend
10-28 Euro party ends now lets look at something else like phony job numbers that's next week
11-1 Stocks closed down 297 at 11657 or at the 20 week average. That was the breakout on 10-21 and was then resistance and now is support. That is also my line in the sand or you may also call it the pivot point.That is the critical area that this battle is being fought. A closetocks closed down 297 at 11657 or at the 20 week average. That was the breakout on 10-21 and was then resistance and now is support. That is also my line in the sand or you may also call it the pivot point.That is the critical area that this battle is being fought. A close below that number would turn the trend down again. Pt/calls ran hot at 1.22
11-8 approaching overbought
11-9 Europe breaks dollar rallies stocks sink 389
11-12 Market back above 200 day weaving back and forth on Europe story
11-21 The big news today was that world stocks all broke their up trends are in a downtrend along with the broader commodity index. The only commodity I follow that in in an uptrend is oil as Gold broke its uptrend today. The strength of the dollar is overwhelming the asset markets. The central bankers have a decision to make here which is to pump it up by taking the dollar lower or letting the markets fall.
11-22 all markets in downtrends market oversold Mikey5 -175 Mikey 10 -138
11-23 Dollar strength and weak world assets US Bonds 30 year 2.88%
11-24 Market oversold M5 157 M10 166 M20 126
11-27 Market opens up 300

Oversold rally sends puts running

Now that was unfair open the market up 300 points after 6 of the last 7 were down. If you trade the markets that is what is going to happen and traders are always looking over their shoulder when the market gets oversold as it was Friday. That is the game and it will never be fair.  The Put got smoked from the opening bell and got all day to think about it. This is a good example of why buying options is a losing deal. 

Puts ran .66 today and the market is still oversold. Mikey5 at -115 Mikey 10 at -168 and Mikey 20 at -96. The trend remains down and the Dollar pulled back a little but is still in a solid uptrend. The number to watch on the dollar index is 80. A close above 80 would be a bad sign for assets.

Bonds are still in an uptrend but I suspect at some point in here the debt contagen
will catch up with it. You can only pretend to do something for so long until the markets call BS on you.  The news was very muted when the debt negotiators failled to come to an agreement. I even saw a report that it might be a good thing. I just can't believe that. A spike in rates would not be a good thing right now and I think that is on the way.

Mikey

Closing Prices

US Stock Indexes DJI Trading Range 10600 to 11700
Long term trend Neutral   Intermediate trend down   Current trend down
Market conditon : Oversold
DJIA 11523.01 +291.23  S/P 500 1195.55 +33.88
NYSE Comp 7120.55 +222.37  NASDAQ 2527.34 +85.83
S/P Small Cap 600 388.68 +17.37  Russell 2000 697.90 +31.74  
DJT 4692.35 +158.91 DJU 432.20 +6.19 
US bonds and interest rates
US Gov rates: 6 mo .0650%  2 yr .2617% 5 Yr  .9246% 10 yr 1.98 30 yr 2.93
Ave Mtg rates : 30 Yr 4.02% 30 Yr Rifi 4.10% 15 Yr 3.38% 5/1 ARM 2.97
IEF (US10 yr) 104.71 +.01 TLT (USLT) 120.74 -.01
MUB (NatlMuni) 106.24 -.19 Cal Muni (NCA) 9.23 -.02
Preferred (PFF) 35.91 +.17  HYG (High Yield)84.60 +1.85
BND Total Bond Index 83.66  uc
Commodities
CRB Commodities Index 305.45 -1.28
Gold 1710.80 +25.10  Silver 32.16 + 1.15  Copper 3.36 +.09
Platinum 15.39.50 +6.40  Nickel (JJN) 24.60 +.41
Oil 98.21 +1.44  RBOB 2.57 +.12  Nat Gas  3.52 -.02
Grains (JJG) 41.41 +.47  Livestock (COW) 30.80 -.16
Cotton (BAL) 56.17 +.33 Agg complex(JJA) 50.37 +.50
US Dollar Index and World Currencies
Euro 1.3260 +.0070  Pound 1.5383 +.0061 Swiss Franc 1.0706 +.0088
Yen 1.2634 -.0042 Aussie .9928 +0201 Dollar Index 79.43 -.39
World Debt markets
BWX(Intl Treas) 57.92 +.20 PCY(EmerMkt) 26.81 .10  IBND(Intl Corp) 31.80 +.35



All Markets Current Trends 

World debt markets

US Bonds: 11-16 current trend up
US Natl Muni Markets:: 11-21 current trend up
Intl Treas Bonds 11-9 current trend down
Intl Corp Bonds 11-9 current trend down
Emerging Markets Debt: 11-21 current trend down
US High Yield 11-21 current trend down

US Preferred Stocks 11-22 current trend down
Commodities

Commodity index (Broad based) 11-21 current trend down 
Gold: .11-21 current trend down  
Silver: 11-17 current trend down
Copper 11-17 current trend down

Platinum 11-17 current trend down
Palladium 11-17 current trend down
Nickel 11-1 current trend down

Grain complex 9-19 current trend down   

Sugar 10-31 current trend down
Cotton 10-21 current trend down
Livestock 11-21 current trend neutral
Coffee 9-21 current trend down

Lumber 9-23 current trend down
Agg complex 9-16 current trend down

Oil 10-18 current trend up
Gasoline 11-21 current trend down
Natural Gas 7-28 current trend down

World Stock markets

US Stocks: 11-22 current trend down
Europe 11-9 current trend down
China: 10-26  current trend down
Brazil 10-24  current trend down
Japan 11-1 current trend down
India 11-9 current trend neutral
Russia 11-9 current trend neutral
Emerging Markets: 11-9 current trend down
Total world markets 11-9 current trend down


Currencies markets

US Dollar Index 11-14 current trend up
Aussie Dollar 11-21 current trend down  
Euro 11-14  current trend down
Brit Pd  11-21   current trend down l
Swiss Franc: 10-27  current trend down  
Jap Yen 10-31 current trend down
Canadian Dollar 11-21 current trend down
Mexican Peso 8-3 current trend down

Brazilian Real 11-21 current trend down
Indian Rupe 11-21  current trend down

Trend changes today:

World Stocks:
Currencies:,
Commodities:
World Debt :
Intermediate Term Trends
Oil: Neutral
Gold: Up
Silver: down
Commodities: Down
US Bonds: Up
World Bonds: Down
Emerging Debt: Neutral
Emerging Markets: Down
Dollar:UP
World Stocks: Down 
US Stocks Down


US Stock Market Trends

Mikey Short term  down  11-22 11493
Mikey Intermediate Trend: down   11-21 11547
Mikey Long term Neutral 8-4-11 11779

NYSE 10-14 Current trend down
NASDAQ 11-17 Current trend down

DJ Utilities: 11-22 Current trend down
Transports: 11-23 current trend down
Russell 2000: 11-22 current trend down 
IBD :11-17  Market in Correction 11770
US markets short term technical trading indicators:

Mikey5 -115 Mikey10 -168 Mikey20 -96 (-135 OS, 0 Neutral,  135 OB)

VIX (OB 10 - OS 40) 32.13 ,VXZ 69.92
Mikey Int OB/OS index (80 OB 20 OS)+31
Put/Call Ratio .66 10 day average .96
Put Premium/Call Premium 1.48 10 day 1.07
Mutual Fund Purchase/Redemptions  ( 1.5 to .66) 1.07
Stocastic Fast D 10 day 9.36  Weekly 62.76
Bulls 47.4   Bears 32.6   Bull/B ear ratio 1.45
Daily DJIA MACD  -55.52 down/ Negative cross 11-9
Weekly MACD -61.34 down / Positive cross 10-24
NYSE New Highs 64 (12/7-10 429) New Lows (8-8-11 1345 ) 34
NASDAQ New Highs 15 (12-7-10, 352 ) New Lows ( 10-4-11, 755 ) 86
Advance/Declines

Daily NYSE Advance-Decline +2090 Nasdaq Advance-Decline +1631
Daily Mikey A/D line NYSE (7-7 37567) (8-8 19199) 27245
Daily Mikey A/D line NASDAQ (2-18 10095) (10-3-10-15390) -12761
5 day AD NYSE -4597 NASDAQ -3517 NYSE..(OB +4000 OS -4000)
10 day AD NYSE --8394  (5000 OB-5000 OS) 20 day --6732  7000 OB -7000 OS)
% above 200 day ave  20%

below 50% indicates intermediate trend down

DJI Moving Averages

5 day 11410  Down/ Price above
20 day 11812  Down/ Price below

50 day 11537 Flat/Price below
90 day 11508 Down/Price below
200 day 11953 Down / Price below
20 week 11646 Down/ Price below
50 week 11930  Down/Price below
90 week 11362 Down Price/below
200 week 10620 Flat / Price above

Daily comments for last 30 days:

10-21 The intermediate term was upgraded to neutral and the current trend is still up. Stocks break out above the top of their trading range of 11600 close at 11808

10-24 All three Mikey indicators are overbought. The Mikey5 is at 38, the Mikey10 is at 144 and the Mikey20 is at 136. This is unusual and the last time it happened was July 7 and that was a top. The trends are turning positive for world markets. Brazil current trend is now up along with the total world markets indicator. US bonds are now in current trend down and joined its buddy the dollar. I believe these changes are temporary but the trends must be honored.
10-25 another day another almost solved European crisis another dollar down day  160 points. Ho hum
10-27 Euro Deal made stocks rally World stocks turn up US bonds and dollar in downtrend
10-28 Euro party ends now lets look at something else like phony job numbers that's next week
11-1 Stocks closed down 297 at 11657 or at the 20 week average. That was the breakout on 10-21 and was then resistance and now is support. That is also my line in the sand or you may also call it the pivot point.That is the critical area that this battle is being fought. A closetocks closed down 297 at 11657 or at the 20 week average. That was the breakout on 10-21 and was then resistance and now is support. That is also my line in the sand or you may also call it the pivot point.That is the critical area that this battle is being fought. A close below that number would turn the trend down again. Pt/calls ran hot at 1.22
11-8 approaching overbought
11-9 Europe breaks dollar rallies stocks sink 389
11-12 Market back above 200 day weaving back and forth on Europe story
11-21 The big news today was that world stocks all broke their up trends are in a downtrend along with the broader commodity index. The only commodity I follow that in in an uptrend is oil as Gold broke its uptrend today. The strength of the dollar is overwhelming the asset markets. The central bankers have a decision to make here which is to pump it up by taking the dollar lower or letting the markets fall.
11-22 all markets in downtrends market oversold Mikey5 -175 Mikey 10 -138
11-23 Dollar strength and weak world assets US Bonds 30 year 2.88%
11-24 Market oversold M5 157 M10 166 M20 126
11-27 Market opens up 300