China DJI and Brazil in downtrend

The market broke below the lower end of its trading range today and is now in current trend down. China and Brazil also reversed trend to down making all World markets in current trend down now. US preferred and Emerging debt also reversed trend to down leaving only US bonds and the US Dollar and Oil the only winners that I keep track of on this Blog.  Why Oil is still up is beyond me.

The NYSE is oversold with the M5 at -175 and the M10 -138. Puts .98 today with 10 day at 1.02 and Put premium is at 1.17 and .90. Weekly MACD is negative and the Daily will be soon.

Mikey

Closing Prices

US Stock Indexes
DJIA 11493.72 -53.59  S/P 500 1188.04 -4.94
NYSE Comp 7094.89 -39.55 NASDAQ 2521.28 -1.86
S/P Midcap838.61 -5.21 Russell 696.26 -5.64
DJT 4672.29 -52.01 DJU 430.45 -5.93
US bonds and interest rates
US Gov rates: 6 mo .0601%  2 yr .2617% 5 Yr  .8152% 10 yr 1.92 30 yr 2.88
Ave Mtg rates : 30 Yr 4.02% 30 Yr Rifi 4.10% 15 Yr 3.37% 5/1 ARM 2.99
IEF (US10 yr) 105.01 +.32 TLT (USLT) 121.39 +1.34
MUB (NatlMuni) 106.45 +.12 Cal Muni (NCA) 9.25 +.04
Preferred (PFF) 36.05 -.13 HYG (High Yield)84.27 -.65 
BND Total Bond Index 83.69 +.09
Commodities
CRB Commodities Index 310.83 +2.12  
Gold 1702.40+23.90  Silver 32.95 +1.83  Copper 3.33 +.02
Platinum 1571 +23.90 Nickel (JJN) 25.11 -.61
Oil 98.01 +1.09 RBOB 2.56 +.07 Nat Gas  3.41 +.01
Grains (JJG) 42.25 -.11 Livestock (COW) 30.94 +.25
Cotton (BAL) 56.74 +.42  Agg complex(JJA) 51.45 -.25
US Dollar Index and World Currencies
Euro 1.3459 +.0009 Pound 1.5517 -.0014 Swiss Franc 1.0807 +.0025
Yen 1.2797 uc Aussie .9863 -.0022
Dollar Index 78.43 -.03
World Debt markets
BWX(Intl Treas) 58.89 +.03 PCY(EmerMkt) 26.95 -.05 IBND(Intl Corp) 32.48 -.25


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:DJI, China, Brazil to down
Currencies:,
Commodities:
World Debt : Emerg to down. Preferred to down
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  neutral  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: 11-22 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 -175 Mikey10 -131 Mikey20 -28 (-125 OS, 0 Neutral,  125 OB)

VIX (OB 10 - OS 40) 31.94 ,VXZ 70.10
Mikey Int OB/OS index (80 OB 20 OS)+32
Put/Call Ratio .98 10 day average 1.02
Put Premium/Call Premium 117 10 day ..90
Mutual Fund Purchase/Redemptions  ( 1.5 to .66) 1.07
Stocastic Fast D 10 day 30.53 Weekly 34.38
Bulls 47.4   Bears 32.6   Bull/B ear ratio 1.45
Daily DJIA MACD  +36.69 down/ Negative cross 11-9
Weekly MACD -30.20 down / Positive cross 10-24
NYSE New Highs 40 (12/7-10 429) New Lows (8-8-11 1345 )90
NASDAQ New Highs 11 (12-7-10, 352 ) New Lows 128 ( 10-4-11, 755 )

Advance/Declines

Daily NYSE Advance-Decline -689 Nasdaq Advance-Decline -712
Daily Mikey A/D line NYSE (7-7 37567) (8-8 19199) 27867
Daily Mikey A/D line NASDAQ (2-18 10095) (10-3-10-15390) -11644
5 day AD NYSE -7010 NASDAQ -4704 NYSE..(OB +4000 OS -4000)
10 day AD NYSE -6890 (5000 OB-5000 OS) 20 day -1984 7000 OB -7000 OS)
% above 200 day ave  25%

below 50% indicates intermediate trend down

Days to option expiration 


DJI Moving Averages

5 day 11703 down/ Price below
20 day 11927 Down/ Price below

50 day 11541 Up/Price above
90 day 11551 down/Price above
200 day 11967 down / Price below
20 week 11588 down/ Price above
50 week 11932  flat/Price below
90 week 11372 flat Price/above

200 week 10616 down / 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