DJI hits the wall at top end of trading range

Stocks stalled and the dollar turned up as the DJI approached 12200.  Silver and Gold weakened and appear to be losing relative strength. The dollar remained in an uptrend. Most technical readings remained neutral with Puts closing at .89 and Put Premium at .88. The weekly MACD crossed to positive confirming the intermediate term uptrend call.

Mikey
Closing Prices

US Stock Indexes DJI Trading Range 11700 to 12200
Long term trend Neutral  Intermediate trend neutral   Current trend up
Market conditon :Mikey5 neutral, Mikey10 neutral, Mikey20 neutral
DJIA 12097.83 +78.41  S/P 500 1257.08 +12.80
NYSE Comp 7531.01 +77.46 NASDAQ 26.55.76 +28.83
S/P Small Cap 600 414.57 +5.81 Russell 2000 747.03 +12.01
DJT 5022.03 +75.36 DJU 4747.49 +3.86
US bonds and interest rates
US Gov rates: 6 mo .0508%  2 yr .2579% 5 Yr .9490% 10 yr 2.06 3 30 yr 3.05
Ave Mtg rates : 30 Yr 4.00% 30 Yr Rifi 4.08% 15 Yr 3.35% 5/1 ARM 2.94
IEF (US10 yr) 104.07 -.06 TLT (USLT) 118.40 -.24
MUB (NatlMuni) 106.17 -.06 Cal Muni (NCA) 9.25 +.04
Preferred (PFF) 36.10 +.31 HYG (High Yield) 87.41 +.49
BND Total Bond Index 83.41 +.01
Commodities
CRB Commodities Index 313.55 +.24  
Gold 1730.70 -8.90  Silver 32.60 -.22 Copper 3.60 -.06
Platinum 1531.50 -7.60 Nickel (JJN) 26.04 +.69
Oil 100.99 +.03  RBOB 2.61 uc  Nat Gas  3.46 -.08
Grains (JJG) 41.62 -.43 Livestock 118.90 +.225
Cotton  233.90 +6.80  Lumber 232.80 +5.80
 US Dollar Index and World Currencies
Euro 1.3332 -.0023 Pound 1.5528 +.0047  Swiss Franc 1.0733 +.0014
Yen  1.2669 +.0037  Aussie 1.0272 +.0059 
 Dollar Index 78.67 -.06
World Debt markets
BWX(Intl Treas) 58.92 -.02  PCY(EmerMkt) 27.24 +.01 IBNDIntl Corp) 32.06 +.21



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 up
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 12-1 current trend neutral
Natural Gas 7-28 current trend down

World Stock markets

US Stocks: 11-30 current trend up
Europe 12-2 current trend up
China: 10-26  current trend up
Brazil 11-30  current trend up
Japan 11-30 current trend neutral
India 11-9 current trend down
Russia 12-2  current trend up
Emerging Markets: 12-2 current trend up
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 12-2 current trend neutral  
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:
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  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 up
DJ Utilities: 11-30 Current trend up

Transports: 11-30 current trend up
Russell 2000: 11-30 current trend up 
IBD :11-17  Market in Correction 11770
US markets short term technical trading indicators:

Mikey5 +98 Mikey10 -44 Mikey20 -26 (-135 OS, 0 Neutral,  135 OB)

VIX (OB 10 - OS 40) 27.84  ,VXZ 64.32
Mikey Int OB/OS index (80 OB 20 OS)+49
Put/Call Ratio .89 10 day average .90
Put Premium/Call Premium .88 10 day 1.16
Mutual Fund Purchase/Redemptions  ( 1.5 to .66) 1.07
Bulls 44.2   Bears 30.5   Bull/Bear ratio 1.45
Daily DJIA MACD  +54.44  up/ Positive cross 12-2
Weekly MACD  11.34  up / Positive cross 10-24
NYSE New Highs 130 (12/7-10 429) New Lows (8-8-11 1345 ) 8
NASDAQ New Highs 64 (12-7-10, 352 ) New Lows ( 10-4-11, 755 ) 32
Advance/Declines

Daily NYSE Advance-Decline +1666 Nasdaq Advance-Decline +960
Daily Mikey A/D line NYSE (7-7 37567) (8-8 19199) 31156
Daily Mikey A/D line NASDAQ (2-18 10095) (10-3-10-15390) -10930
5 day AD NYSE +3911 NASDAQ +1831 NYSE..(OB +4000 OS -4000)
10 day AD NYSE -686 (5000 OB-5000 OS) 20 day -1848 (7000 OB -7000 OS)
% above 200 day ave  38%

below 50% indicates intermediate trend down

DJI Moving Averages

5 day 11948   up/ Price above
20 day 11825  Flat/ Price above
50 day 11623 up/Price above

90 day 11480 Down/Price above
200 day 11944 Down / Price above
20 week 11551 up/ Price above
50 week 11937  up/Price below
90 week 11384  Up Price/above
200 week 10611 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