Posting Times

Posts will be between 8:30 PM to 10:00 PM PST
Mikey's Short Term Trading Rules

1) Make up a list of stocks, commodities or ETF's to trade. This list should be names that have good earnings and high relative strength.
2) Monitor this list and throw out the weaker names
3) Buy only stocks or ETF's that are intermediate and daily up (green) and the market is Daily and intermediate term up (green)
4) Buy pullbacks on these stocks to the 20 and 50 day averages
Usually you get 4 to 6 20 day pullback buys and 2 or 3 50 day pullback buys in an intermediate term trend
5) More agressive traders can buy the 7 day average in the first 3 to 8 weeks of the uptrend.
6) Buy pullbacks not runups. A buy should not be easy or exciting but difficult and somewhat scary. DO NOT CHASE
7) Place stop at 5% below the buy price. Do not remove
8) Sell 3 to 5 days after the stock price takes out its most recent 2 week high with at least 15% gains
9) Uptrends that are 12 weeks or more may be ripe for a correction. The first 2 pullbacks to the 50 day are usually safe.
Intermediate term uptrends and downtrends generally last from 8 to 16 weeks with 12 weeks being the norm.
10) Shorting is a viable strategy in downtrends for experienced traders only. In general, reverse the above rules
11) Tweet Mikey @themarketshadow with questions or ideas

Thursday, March 31, 2011

Waiting for the Jobs numbers

DJIA 12319.73 -30.88 SPX 1325.83 -2.43 NASDAQ 2781.07 +4.28
Russell 2000 843.55 +3.18 DJT 5299.89 +23.14 DJU 413.06 -1.19 VIX 17.74
US Gov rates: 6 mo .1806%  2 yr .8373% 10 yr 3.47 +.03 30 yr 4.50 -.02
IEF(US10 yr) 93.01 -.24 TLT (US LT)92.13 -.19 MUB (LT Natl Muni)99.45 -.15
BND (Total Bond Mkt)80.02 -.09 HYG (High Yield)91.96 -.05
Gold 1439.90 +16.10 Silver 37.89 +.38 Copper 4.30 +.03 Platinum 1779.30 +7.90
Oil 106.72 +2.45 RBOB 3.11 Nat Gas 4.38 +.03
Aussie 1.0381 +.0022 EURO 1.4116 +.0047 Pound 1.5952 -.0030
USD Index 76.27  DBC 30.51 +.47 Days to option expiration: 11
Current Trends

US Bonds: Current trend up
Muni Markets: : Current trend Neutral
Stocks:  Current trend up
Gold: ..  Current trend up
Silver: ...Current trend up
Oil : ..... Current trend up
Commodities: .. Current trend up
Real Estate: ... Current trend down
US Dollar:  .Current Trend down
US Economy: Current trend up ..Slowing
China: .. Current trend down
Emerging Markets: ... Current trend down
Emerging Markets Debt: .. Current trend down
World economy: Current trend slowing
World political environment: Tension, aggravated
Where's Waldo: Waldo is buying Gold, Foreign Bonds and Emerging Markets, US Stocks.
Notes: trend change in stocks and Bonds

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
IBD : IBD: 3-29 Market in confirmed uptrend


Oil upside breakout 12-1-10 @87.42 USO 37.29
Gold upside breakout 9-22-10 @1283.50 GLD 123.11
Dollar Index breakdown 9-21-10 @81.17  UUP 23.52

Short Term Trading Indicators


Mikey OB/OS index (80 OB 20 OS) 89
Put/Call Ratio(.6 OB 1.2 OS) .86 10 day average .79
Ratio Put Premiums to Call Premium (..34 to 2.5)  .57    10 day ave .74
Mutial Fund  Purchase/Redemptions ( 1.5 to .66)  1.15   
Williams %R 12 day 3.96 weekly -4.86
Bulls 51.6   Bears 23.1 Bull/Bear ratio 2.23 Bullish
Mikey Thrust indicator: Daily 10 Weekly 10 (1 low, 10 max)20, 0
DJIA MACD +48.16 Rising/Positive Cross  3-24
NYSE New Highs 242 (12/7 429)  New Lows 13
NASDAQ New Highs 191(12-7 352) New Lows 31
NYSE Advance-Decline +505 NASDAQ Advance-Decline +377
Mikey A/D line NYSE (3-30 27021)+27526 (New High) NASDAQ (2-18 10095) +8113
NYSE % above 200 day ave  76%

Support: 1182 SPX, 11200 DJIA Breakout 9/20
Resistance: 1330 SPX; 12258 DJIA

Comments:
3-1 Reversal day big distribution day 3rd in month
IBD Uptrend under pressure 12058
3-2 Weak bounce
3-8 IBD Market in correction
3-11 DJI Hits 50 day NASDAQ breaks 50 day at Jan lows
3-12 bounces off 50 day
3-14 Hard break of 50 day. Mikey trend change ..down
3-16 US long bonds uptrend
3-17 Snap back rally
3-18 options expire as mkt rallies
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 which is neutral to oversold.
3-28 P/C .61 10 day .82 Mikey rates trend Neutral
3-29 IBD and Mikey issue short term uptrend signals

Moving Averages

5 day 12243 Rising/Price above
20 day 12071 Rising/Price below
50 day 12086 Flat/Price below
90 day 11813 Rising/Price above
200 day 11149 Rising/Price above
20 week 11724 Rising/Price above
50 week 11010 Rising/ Price above
90 week 10536 Rising/Price above
200 week 10873 Flat/Price above

Trends Green up, Red Down, Black neutral

World Markets (Power Numbers) Ave score  47
DJIA 70 Canada 61 Latin Amer 49 Mexico 74 Brazil 65
Europe 37 UK 41 Germany 28 Spain 60 Russia 56
China 56 Japan 29 Korea 53
Singapore 62 Taiwan 47 India 76  Australia 68
Emer Mkts 75 Total World market Index 52

Commodities (Power Numbers)
Oil 67 Nat Gas 71, Gasoline 75
Gold 57 Copper 44 Silver 68 Platinum 57
Grains 38 DBC 79

Currencies (Power Numbers)
USD 41 Aussie 54 Euro 54 Brit Pd 55 Yuan 55 Yen 55  

US Industry Sectors (relative strength) Ave Score 52...(Not updated today)
(16 up, 30 Neutral, 0 Downtrend)Score 16

Homebuilders (XHB) 55, Real Estate (IYR) 54, Finance (XLF) 51  Regional Banks (IAT) 49 Insurance
(IAK) 53, Broker/Dealers ( IAI) 51, Retail (XRT) 66 Consumer Disc (XLY) 57  Telecom (IYZ) 64 Consumer Staple (XLP) 62 Health (XLV)62, Pharma (IHE) 66, Biotech (PBE ) 63, Transports (IYT) 60 Aerospace (ITA) 57, Shipping (SEA) 53, Airlines ($XAL) 51, ,Utilities (XLU) 56, Metals and Mining( XME) 62, Copper (COPX) 55, Nat Gas Production (FCG ) 68, Oil Expl and Prod (IEO) 66 Oil Service (OIH) 61, Coal (KOL) 64, Energy (XLE) 65, Gold Miners (GDX) 56 Steel (SLX) 59 Basic Mat (XLB) 61 Timber (Wood) 65 AgriBusiness (MOO) 57, Tech (XLK) 55 Semiconductors (SMH) 53, Software (SWH) 58 Networking (PXQ) 54 Internet (FDN) 62


Bonds (Relative Strength)
(2 up, 0 down, 8 neutral) Score 2
MUB (Natl Muni) 43 NCA(Ca Muni) 69 BND (Total Bond Index) 40 BWX (International Treas Bonds) 48, PCY (Emerg Mkt Debt) 50 TLT (20+ US Treasuries) 55, IEF ( 10 yr Treasuries) 61, PFF (US preferred) 63 HYG (High Yield) 57
Posted by at No comments:

Wednesday, March 30, 2011

DJIA 12350.61 +71.60 SPX 1328.26 +8.82 NASDAQ 2775.79 +19.90  
Russell 2000 840.37 +10.88 DJT 5276.75 +15.26 DJU 414.25 +4.74 VIX 17.71
US Gov rates: 6 mo .1730%  2 yr .7974% 10 yr 3.44 -.05 30 yr 4.52 -.02
IEF(US10 yr) 93.27 +.34 TLT (US LT)92.22 +.63 MUB (LT Natl Muni)99.61 -.08
BND (Total Bond Mkt)80.11 +.14  HYG (High Yield)92.01 +.14
Gold 1423.80 +8.50 Silver 37.51 +.52 Copper 4.27 -.08 Platinum 1771.40 +30.50
Oil 104.27 -.52  RBOB 3.06 +.02 Nat Gas 4.35 +.09
Aussie 1.0359 +.0032 EURO 1.4072 +.0023 Pound 1.5983 +.0089
USD Index 76.35 -.15 DBC 30.04 -.04 
Days to option expiration: 12

Current Trends

US Bonds: Current trend up
Muni Markets: : Current trend Neutral
Stocks:  Current trend up
Gold: ..  Current trend up
Silver: ...Current trend up
Oil : ..... Current trend up
Commodities: .. Current trend up
Real Estate: ... Current trend down
US Dollar:  .Current Trend down
US Economy: Current trend up ..Slowing
China: .. Current trend down
Emerging Markets: ... Current trend down
Emerging Markets Debt: .. Current trend down
World economy: Current trend slowing
World political environment: Tension, aggravated
Where's Waldo: Waldo is buying Gold, Foreign Bonds and Emerging Markets, US Stocks.
Notes: trend change in stocks and Bonds

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
IBD : IBD: 3-29 Market in confirmed uptrend


Oil upside breakout 12-1-10 @87.42 USO 37.29
Gold upside breakout 9-22-10 @1283.50 GLD 123.11
Dollar Index breakdown 9-21-10 @81.17  UUP 23.52

Short Term Trading Indicators


Mikey OB/OS index (80 OB 20 OS) 89
Put/Call Ratio(.6 OB 1.2 OS) .80 10 day average .75
Ratio Put Premiums to Call Premium (..34 to 2.5)  .63    10 day ave .77
Mutial Fund  Purchase/Redemptions ( 1.5 to .66)  1.15   
Williams %R 12 day 4.06 weekly -5.01
Bulls 51.6   Bears 23.1 Bull/Bear ratio 2.23 Bullish
Mikey Thrust indicator: Daily 10 Weekly 9 (1 low, 10 max)19, +1
DJIA MACD +48.16 Rising/Positive Cross  3-24
NYSE New Highs 272 (12/7 429)  New Lows 13
NASDAQ New Highs 188(12-7 352) New Lows 23
NYSE Advance-Decline +1380 NASDAQ Advance-Decline +1047
Mikey A/D line NYSE (3-30 27021)+27021 (New High) NASDAQ (2-18 10095) +7736
NYSE % above 200 day ave  76%

Support: 1182 SPX, 11200 DJIA Breakout 9/20
Resistance: 1330 SPX; 12258 DJIA

Comments:
3-1 Reversal day big distribution day 3rd in month
IBD Uptrend under pressure 12058
3-2 Weak bounce
3-8 IBD Market in correction
3-11 DJI Hits 50 day NASDAQ breaks 50 day at Jan lows
3-12 bounces off 50 day
3-14 Hard break of 50 day. Mikey trend change ..down
3-16 US long bonds uptrend
3-17 Snap back rally
3-18 options expire as mkt rallies
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 which is neutral to oversold.
3-28 P/C .61 10 day .82 Mikey rates trend Neutral
3-29 IBD and Mikey issue short term uptrend signals

Moving Averages

5 day 12243 Rising/Price above
20 day 12071 Rising/Price below
50 day 12086 Flat/Price below
90 day 11813 Rising/Price above
200 day 11149 Rising/Price above
20 week 11724 Rising/Price above
50 week 11010 Rising/ Price above
90 week 10536 Rising/Price above
200 week 10873 Flat/Price above

Trends Green up, Red Down, Black neutral

World Markets (Power Numbers) Ave score  47
DJIA 62 Canada 56 Latin Amer 45 Mexico 66 Brazil 59
Europe 39 UK 40 Germany 25 Spain 56 Russia 54
China 49 Japan 29 Korea 50
Singapore 54 Taiwan 43 India 67  Australia 67
Emer Mkts 66 Total World market Index 47

Commodities (Power Numbers)
Oil 51 Nat Gas 69, Gasoline 65
Gold 51 Copper 41 Silver 64 Platinum 44
Grains 31 DBC 68

Currencies (Power Numbers)
USD 45 Aussie 54 Euro 54 Brit Pd 47 Yuan 50 Yen 56  

US Industry Sectors (relative strength) Ave Score 52...(Not updated today)
(16 up, 30 Neutral, 0 Downtrend)Score 16

Homebuilders (XHB) 55, Real Estate (IYR) 54, Finance (XLF) 51  Regional Banks (IAT) 49 Insurance
(IAK) 53, Broker/Dealers ( IAI) 51, Retail (XRT) 66 Consumer Disc (XLY) 57  Telecom (IYZ) 64 Consumer Staple (XLP) 62 Health (XLV)62, Pharma (IHE) 66, Biotech (PBE ) 63, Transports (IYT) 60 Aerospace (ITA) 57, Shipping (SEA) 53, Airlines ($XAL) 51, ,Utilities (XLU) 56, Metals and Mining( XME) 62, Copper (COPX) 55, Nat Gas Production (FCG ) 68, Oil Expl and Prod (IEO) 66 Oil Service (OIH) 61, Coal (KOL) 64, Energy (XLE) 65, Gold Miners (GDX) 56 Steel (SLX) 59 Basic Mat (XLB) 61 Timber (Wood) 65 AgriBusiness (MOO) 57, Tech (XLK) 55 Semiconductors (SMH) 53, Software (SWH) 58 Networking (PXQ) 54 Internet (FDN) 62


Bonds (Relative Strength)
(2 up, 0 down, 8 neutral) Score 2
MUB (Natl Muni) 45 NCA(Ca Muni) 62 BND (Total Bond Index) 48 BWX (International Treas Bonds) 53, PCY (Emerg Mkt Debt) 53 TLT (20+ US Treasuries) 52, IEF ( 10 yr Treasuries) 48, PFF (US preferred) 62 HYG (High Yield) 57
Posted by at No comments:

Tuesday, March 29, 2011

Market punches through resistance... Mikey uptrend

DJIA 12279.01 +81.13 SPX 1319.44 +9.25 NASDAQ 2756.89 +26.21  
Russell 2000 829.49 +7.72 DJT 5261.9 +32.41 DJU 409.51  VIX 18.16
US Gov rates: 6 mo .1730%  2 yr .8210% 10 yr 3.49 +.05 30 yr 4.54 +.05
IEF(US10 yr) 92.92 -.28 TLT (US LT)91.65 -.65 MUB (LT Natl Muni)99.69 -.17
BND (Total Bond Mkt)79.74 -.39 HYG (High Yield)91.90 +.08
Gold 1416.20 -3.70 Silver 36.99 -.10 Copper 4.35 +.01  Platinum 1740.60 -7.20
Oil 104.79 +.81 RBOB 3.04 +.01 Nat Gas 4.26 -.11 
Aussie 1.0327 +.0050 EURO 1.4014 -.0021 Pound 1.5894 uc
USD Index 76.50 +.02  DBC 30.08 +.17
Days to option expiration: 13
Current Trends

US Bonds: Current trend up
Muni Markets: : Current trend Neutral
Stocks:  Current trend up

Gold: ..  Current trend up
Silver: ...Current trend up
Oil : ..... Current trend up
Commodities: .. Current trend up
Real Estate: ... Current trend down
US Dollar:  .Current Trend down
US Economy: Current trend up ..Slowing
China: .. Current trend down
Emerging Markets: ... Current trend down
Emerging Markets Debt: .. Current trend down
World economy: Current trend slowing
World political environment: Tension, aggravated
Where's Waldo: Waldo is buying Gold, Foreign Bonds and Emerging Markets, US Stocks.
Notes: trend change in stocks and Bonds

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
IBD : IBD: 3-29 Market in confirmed uptrend



Oil upside breakout 12-1-10 @87.42 USO 37.29
Gold upside breakout 9-22-10 @1283.50 GLD 123.11
Dollar Index breakdown 9-21-10 @81.17  UUP 23.52

Short Term Trading Indicators


Mikey OB/OS index (80 OB 20 OS) 87
Put/Call Ratio(.6 OB 1.2 OS) .70 10 day average .79
Ratio Put Premiums to Call Premium (..34 to 2.5)  .65    10 day ave .19
Mutial Fund  Purchase/Redemptions ( 1.5 to .66)  1.15   
Williams %R 12 day -.87 weekly -23.14
Bulls 50.6   Bears 22.4 Bull/Bear ratio 2.26 Bullish
Mikey Thrust indicator: Daily 10 Weekly 8 (1 low, 10 max)18, +1
DJIA MACD +30.87 Rising/Positive Cross  3-24
NYSE New Highs 120 (12/7 429)  New Lows 15
NASDAQ New Highs 111(12-7 352) New Lows 26
NYSE Advance-Decline +1151 NASDAQ Advance-Decline +892
Mikey A/D line NYSE (3/3 25358)+25641 (New High) NASDAQ (2-18 10095) +6689
NYSE % above 200 day ave  74%

Support: 1182 SPX, 11200 DJIA Breakout 9/20
Resistance: 1330 SPX; 12258 DJIA

Comments:
3-1 Reversal day big distribution day 3rd in month
IBD Uptrend under pressure 12058
3-2 Weak bounce
3-8 IBD Market in correction
3-11 DJI Hits 50 day NASDAQ breaks 50 day at Jan lows
3-12 bounces off 50 day
3-14 Hard break of 50 day. Mikey trend change ..down
3-16 US long bonds uptrend
3-17 Snap back rally
3-18 options expire as mkt rallies
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 which is neutral to oversold.
3-28 P/C .61 10 day .82 Mikey rates trend Neutral
3-29 IBD and Mikey issue short term uptrend signals
Moving Averages

5 day 12213 Rising/Price above
20 day 12063 Rising/Price below
50 day 12063 Flat/Price below
90 day 11811Rising/Price above
200 day 11148 Rising/Price above
20 week 11724 Rising/Price above
50 week 11010 Rising/ Price above
90 week 10536 Rising/Price above
200 week 10873 Flat/Price above

Trends Green up, Red Down, Black neutral

World Markets (Power Numbers) Ave score  47
DJIA 58 Canada 59 Latin Amer 39 Mexico 64 Brazil 54
Europe 39 UK 31 Germany 22 Spain 56 Russia 55
China 44 Japan 28 Korea 45
Singapore 45 Taiwan 38 India 60  Australia 62
Emer Mkts 64 Total World market Index 42

Commodities (Power Numbers)
Oil 50 Nat Gas 73, Gasoline 63
Gold 50 Copper 45 Silver 60 Platinum 41
Grains 35 DBC 70

Currencies (Power Numbers)
USD 45 Aussie 55 Euro 56 Brit Pd 51 Yuan 47 Yen 47  

US Industry Sectors (relative strength) Ave Score 52...(Not updated today)
(5 up, 30 Neutral, 0 Downtrend)Score 3

Homebuilders (XHB) 54, Real Estate (IYR) 47, Finance (XLF) 46  Regional Banks (IAT) 44 Insurance
(IAK) 49, Broker/Dealers ( IAI) 46, Retail (XRT) 57 Consumer Disc (XLY) 49  Telecom (IYZ) 49 Consumer Staple (XLP) 56 Health (XLV)55, Pharma (IHE) 53, Biotech (PBE ) 51, Transports (IYT) 58 Aerospace (ITA) 54, Shipping (SEA) 46, Airlines ($XAL) 46, ,Utilities (XLU) 43, Metals and Mining( XME) 57, Copper (COPX) 51, Nat Gas Production (FCG ) 63, Oil Expl and Prod (IEO) 60 Oil Service (OIH) 58, Coal (KOL) 58, Energy (XLE) 60, Gold Miners (GDX) 51 Steel (SLX) 52 Basic Mat (XLB) 54 Timber (Wood) 58 AgriBusiness (MOO) 52, Tech (XLK) 50 Semiconductors (SMH) 51, Software (SWH) 52 Networking (PXQ) 47 Internet (FDN) 52


Bonds (Relative Strength)
(0 up, 0 down, 8 neutral) Score 0

MUB (Natl Muni) 49 NCA(Ca Muni) 66 BND (Total Bond Index) 46 BWX (International Treas Bonds) 57, PCY (Emerg Mkt Debt) 40 TLT (20+ US Treasuries) 60, IEF ( 10 yr Treasuries) 53, PFF (US preferred) 66 HYG (High Yield) 46

I have a short term up trend in place and even though I do not believe it I have to close my shorts. I will not play the long side of this because if a real chance of getting whipsawed. The bond markets were weak today even though my power numbers do not show it. They usually lag the price. The dollar held study at its lows and the market drifted higher. A new high looks possible now.

The jobs numbers come out this week and they are probably going to cook the books to make them look good. It is the end of the quarter and the little people are looking to invest their 401K money. They will be getting their end of quarter statements just about the time they make their decision. The boys, I think, want them to feel good about being invested so look for more posiitve action here.

Mikey
Posted by at No comments:

Monday, March 28, 2011

Stalemate

DJIA 12197.88 -22.71 SPX 1310.19 -3.61 NASDAQ 2730.68 -12.38  
Russell 2000 821.77 -2.08 DJT 5229.08 +21.51 DJU 406.07 -2.07  VIX 19.44
US Gov rates: 6 mo .1725%  2 yr .8.18% 10 yr 3.43 uc 30 yr 4.49 uc
IEF(US10 yr) 93.20 +.03 TLT (US LT)92.30 +.13 MUB (LT Natl Muni)99.86 +.04
BND (Total Bond Mkt)80.11 -.07 HYG (High Yield)91.82+.03
Gold 1419.90 -6.30 Silver 37.09 +.04 Copper 4.34 -.07  Platinum 1747.80 +2.20
Oil 103.98 -1.42 RBOB 3.03 -.01 Nat Gas 4.37 -.03
Aussie 1.0287 +.02 EURO 1.4036 +.19 Pound 1.5894 -.21
USD Index 76.48 uc DBC 29.91 -.41
Days to option expiration: 14

Current Trends

US Bonds: Current trend up
Muni Markets: : Current trend Neutral
Stocks:  Current trend Neutral

Gold: ..  Current trend up
Silver: ...Current trend up
Oil : ..... Current trend up
Commodities: .. Current trend up
Real Estate: ... Current trend down
US Dollar:  .Current Trend down
US Economy: Current trend up ..Slowing
China: .. Current trend down
Emerging Markets: ... Current trend down
Emerging Markets Debt: .. Current trend down
World economy: Current trend slowing
World political environment: Tension, aggravated
Where's Waldo: Waldo is buying Gold, Foreign Bonds and Emerging Markets, US Stocks.
Notes: trend change in stocks and Bonds

Stock Market Trends

Mikey Short term down 3-14 11855
Mikey Intermediate Trend: Up 09/03/10 10477
Mikey Long term trend: UP 10/13/10 11052
Mikey current trend opinion: 3-28 Current trend Neutral: 12197
IBD : IBD: 3-7 MARKET IN CORRECTION  12090


Oil upside breakout 12-1-10 @87.42 USO 37.29
Gold upside breakout 9-22-10 @1283.50 GLD 123.11
Dollar Index breakdown 9-21-10 @81.17  UUP 23.52

Short Term Trading Indicators


Mikey OB/OS index (80 OB 20 OS) 82
Put/Call Ratio(.6 OB 1.2 OS) .61 10 day average .82
Ratio Put Premiums to Call Premium (..34 to 2.5)  .66    10 day ave .81
Mutial Fund  Purchase/Redemptions ( 1.5 to .66)  1.15   
Williams %R 12 day -9.93 weekly -22.69
Bulls 50.6   Bears 22.4 Bull/Bear ratio 2.26 Bullish
Mikey Thrust indicator: Daily 9 Weekly 8 (1 low, 10 max)17, +1
DJIA MACD +14.95 Rising/Positive Cross  3-24
NYSE New Highs 123 (12/7 429)  New Lows 14
NASDAQ New Highs 104(12-7 352) New Lows 21
NYSE Advance-Decline -551 NASDAQ Advance-Decline -420
Mikey A/D line NYSE (3/3 25358)+24490 NASDAQ (2-18 10095) +5797
NYSE % above 200 day ave  74%

Support: 1182 SPX, 11200 DJIA Breakout 9/20
Resistance: 1330 SPX; 12258 DJIA

Comments:
3-1 Reversal day big distribution day 3rd in month
IBD Uptrend under pressure 12058
3-2 Weak bounce
3-8 IBD Market in correction
3-11 DJI Hits 50 day NASDAQ breaks 50 day at Jan lows
3-12 bounces off 50 day
3-14 Hard break of 50 day. Mikey trend change ..down
3-16 US long bonds uptrend
3-17 Snap back rally
3-18 options expire as mkt rallies
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 which is neutral to oversold.
3-28 P/C .61 10 day .82 Mikey rates trend Neutral

Moving Averages

5 day 12139 Rising/Price above
20 day 12046 Rising/Price below 20 day below 50
50 day 12066 Rising/Price below
90 day 11786 Rising/Price above
200 day 11129 Rising/Price above
20 week 11724 Rising/Price above
50 week 11010 Rising/ Price above
90 week 10536 Rising/Price above
200 week 10873 Flat/Price above

Trends Green up, Red Down, Black neutral

World Markets (Power Numbers) Ave score  47
DJIA 62 Canada 57 Latin Amer 34 Mexico 62 Brazil 54
Europe 37 UK 36 Germany 24 Spain 56 Russia 49
China 54 Japan 27 Korea 50
Singapore 46 Taiwan 451 India 46  Australia 61
Emer Mkts 66 Total World market Index 42

Commodities (Power Numbers)
Oil 44 Nat Gas 72, Gasoline 59
Gold 50 Copper 34 Silver 59 Platinum 44
Grains 28 DBC 67

Currencies (Power Numbers)
USD 45 Aussie 53 Euro 54 Brit Pd 50 Yuan 43 Yen 61  

US Industry Sectors (relative strength) Ave Score 52
(5 up, 30 Neutral, 0 Downtrend)Score 3

Homebuilders (XHB) 54, Real Estate (IYR) 47, Finance (XLF) 46  Regional Banks (IAT) 44 Insurance
(IAK) 49, Broker/Dealers ( IAI) 46, Retail (XRT) 57 Consumer Disc (XLY) 49  Telecom (IYZ) 49 Consumer Staple (XLP) 56 Health (XLV)55, Pharma (IHE) 53, Biotech (PBE ) 51, Transports (IYT) 58 Aerospace (ITA) 54, Shipping (SEA) 46, Airlines ($XAL) 46, ,Utilities (XLU) 43, Metals and Mining( XME) 57, Copper (COPX) 51, Nat Gas Production (FCG ) 63, Oil Expl and Prod (IEO) 60 Oil Service (OIH) 58, Coal (KOL) 58, Energy (XLE) 60, Gold Miners (GDX) 51 Steel (SLX) 52 Basic Mat (XLB) 54 Timber (Wood) 58 AgriBusiness (MOO) 52, Tech (XLK) 50 Semiconductors (SMH) 51, Software (SWH) 52 Networking (PXQ) 47 Internet (FDN) 52


Bonds (Relative Strength)
(0 up, 0 down, 8 neutral) Score 0
MUB (Natl Muni) 49 NCA(Ca Muni) 53 BND (Total Bond Index) 47 BWX (International Treas Bonds) 57, PCY (Emerg Mkt Debt) 49 TLT (20+ US Treasuries) 52, IEF ( 10 yr Treasuries) 47, PFF (US preferred) 59 HYG (High Yield) 54

The market has rallied back to its breakdown and its new resistance level at 12220. The put call had a low .61 today but the ten day is still a moderate .82. I am showing green on my DJI which is either a signal to break up or an overbought signal. The dollar has returned it its break down of last week and we now await their decision. Are they going to punch this thing again with a lower dollar and send the markets and oil up again or are they going to back off and give the consumers a break. Who knows but we will keep our eyes on the technicals of the market and make the call.  As of this moment I favor a dollar reversal back up and a sell off in the commodities but that is an emotional decision at a level that they are not capable of.

Mikey
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Friday, March 25, 2011

Market rallies back to breakdown.

DJIA 12220.59 +50.03 SPX 1313.80 +4.14 NASDAQ 2743.06 +6.64
Russell 2000 823.85 +6.75 DJT 5207.57 +41.69 DJU 408.07 +.23 VIX 17.91
US Gov rates: 6 mo .1674%  2 yr .7356% 10 yr 3.43 +.04 30 yr 4.49 +.02
IEF(US10 yr) 93.17 -.25 TLT (US LT)92.17 -.23 MUB (LT Natl Muni)99.82 -.04
BND (Total Bond Mkt)80.18 -.11 HYG (High Yield)91.79 +.03
Gold 1426.2 -8.70 Silver 37.05 -.32 Copper 4.41 -.01  Platinum 1745.60 -14.40
Oil 105.40 -.20 RBOB 3.04 -.01 Nat Gas 4.40 +.16
Aussie 102.85 +0037 EURO 1.4017 -.0096  Pound 1.5915 -.0091
USD Index 76.48 +.59 DBC 30.32 +.08
Days to option expiration: 15

Current Trends

US Bonds: Current trend up
Muni Markets: Bottoming : Current trend Neutral
Stocks:   Current trend down
Gold: ..  Current trend up
Silver: ...Current trend up
Oil : ..... Current trend up
Commodities: .. Current trend up
Real Estate: ... Current trend down
US Dollar:  .Current Trend down
US Economy: Current trend up ..Slowing
China: .. Current trend down
Emerging Markets: ... Current trend down
Emerging Markets Debt: .. Current trend down
World economy: Current trend slowing
World political environment: Tension, aggravated
Where's Waldo: Waldo is buying Gold, Foreign Bonds and Emerging Markets, US Stocks.
Notes: trend change in stocks and Bonds

Stock Market Trends

Mikey Short term down 3-14 11855
Mikey Intermediate Trend: Up 09/03/10 10477
Mikey Long term trend: UP 10/13/10 11052
Mikey current trend opinion: 3-15 Current trend down: 11855
IBD : IBD: 3-7 MARKET IN CORRECTION  12090


Oil upside breakout 12-1-10 @87.42 USO 37.29
Gold upside breakout 9-22-10 @1283.50 GLD 123.11
Dollar Index breakdown 9-21-10 @81.17  UUP 23.52

Short Term Trading Indicators


Mikey OB/OS index (80 OB 20 OS) 89
Put/Call Ratio(.6 OB 1.2 OS) .84 10 day average .85
Ratio Put Premiums to Call Premium (..34 to 2.5)  .68    10 day ave .82
Mutial Fund  Purchase/Redemptions ( 1.5 to .66)  1.15   
Williams %R 12 day -5.61weekly -20.46
Bulls 50.6   Bears 22.4 Bull/Bear ratio 2.26 Bullish
Mikey Thrust indicator: Daily 9 Weekly 8 (1 low, 10 max)17, +1
DJIA MACD +2.76  Rising/Positive Cross  3-24
NYSE New Highs 210 (12/7 429)  New Lows 5
NASDAQ New Highs 138(12-7 352) New Lows 18
NYSE Advance-Decline +954 NASDAQ Advance-Decline +420
Mikey A/D line NYSE (3/3 25358)+25041 NASDAQ (2-18 10095) +6217
NYSE % above 200 day ave  74%

Support: 1182 SPX, 11200 DJIA Breakout 9/20
Resistance: 1330 SPX; 12258 DJIA

Comments:
2-1 IBD uptrend resumes (3 rd change in past month)
2-3 Cramer says Gold decline over
2-4 DJI 4 th closing high in a row, NASDAQ closes at a new high, Transports 4% off highs
NASDAQ AD line lagging
2-16 Gold buy signal
2-18 options expire
2-21 Consumer confidence strong
2-22 IBD Uptrend under pressure 12212
2-22 MACD negative cross
3-1 Reversal day big distribution day 3rd in month
IBD Uptrend under pressure 12058
3-2 Weak bounce
3-8 IBD Market in correction
3-11 DJI Hits 50 day NASDAQ breaks 50 day at Jan lows
3-12 bounces off 50 day
3-14 Hard break of 50 day. Mikey trend change ..down
3-16 US long bonds uptrend
3-17 Snap back rally
3-18 options expire as mkt rallies
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 which is neutral to oversold.
Moving Averages

5 day 12106 Rising/Price above
20 day 12047 Rising/Price below
50 day 12057  Rising/Price below
90 day 11770 Rising/Price above
200 day 11119  Rising/Price above
20 week 11724 Rising/Price above
50 week 11010 Rising/ Price above
90 week 10536 Rising/Price above
200 week 10873 Flat/Price above

Trends Green up, Red Down, Black neutral

World Markets (Power Numbers) Ave score  48
DJIA 56 Canada 52 Latin Amer 34 Mexico 60 Brazil 64
Europe 34 UK 37 Germany 29 Spain 57 Russia 54
China 58 Japan 44 Korea 60
Singapore 51 Taiwan 51 India 58  Australia 56
Emer Mkts 60 Total World market Index 54

Commodities (Power Numbers)
Oil 51 Nat Gas 71, Gasoline 64
Gold 55 Copper 34 Silver 65 Platinum 44
Grains 28 DBC 65

Currencies (Power Numbers)
USD 47 Aussie 53 Euro 51 Brit Pd 50 Yuan 38 Yen 62  

US Industry Sectors (relative strength) Ave Score 54
(5 up, 30 Neutral, 0 Downtrend)Score 3

Homebuilders (XHB) 56, Real Estate (IYR) 48, Finance (XLF) 48  Regional Banks (IAT) 44 Insurance
(IAK) 50, Broker/Dealers ( IAI) 47, Retail (XRT) 61 Consumer Disc (XLY) 53  Telecom (IYZ) 53 Consumer Staple (XLP) 56 Health (XLV)54, Pharma (IHE) 54, Biotech (PBE ) 52, Transports (IYT) 57 Aerospace (ITA) 56, Shipping (SEA) 50, Airlines ($XAL) 47, ,Utilities (XLU) 45, Metals and Mining( XME) 60, Copper (COPX) 52, Nat Gas Production (FCG ) 70, Oil Expl and Prod (IEO) 65 Oil Service (OIH) 55, Coal (KOL) 62, Energy (XLE) 61, Gold Miners (GDX) 56 Steel (SLX) 53 Basic Mat (XLB) 57 Timber (Wood) 57 AgriBusiness (MOO) 55, Tech (XLK) 51Semiconductors (SMH) 52, Software (SWH) 55 Networking (PXQ) 49 Internet (FDN) 56


Bonds (Relative Strength)
(1 up, 0 down, 8 neutral) Score 1

MUB (Natl Muni) 53 NCA(Ca Muni) 48 BND (Total Bond Index) 58 BWX (International Treas Bonds) 59, PCY (Emerg Mkt Debt) 55 TLT (20+ US Treasuries) 51, IEF ( 10 yr Treasuries) 47, PFF (US preferred) 56 HYG (High Yield) 54

Market rallies back to break down. Mikey is OB at 89. Put/Call ratio .84 and .85 on 10 day which is neutral to oversold. May need more time to work off last negative sentiment. Jobs numbers coming next week. A good number would be bad for the bulls.

Mikey
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Thursday, March 24, 2011

The Fed should declare victory and let the air out of this windbag

DJIA 12170.56 +84.54 SPX 1309.66 +12.12 NASDAQ 2736.42 +38.12
Russell 2000 817.10 +5.86 DJT5165.88 +69.30  DJU 407.84 +1.80 VIX 18.00

US Gov rates: 6 mo .1573%  2 yr .6905% 10 yr 3.39 +.06  30 yr 4.47 +.04
IEF(US10 yr) 93.42 -.48 TLT (US LT)92.40 -.70 MUB (LT Natl Muni)99.86 -.14
BND (Total Bond Mkt)80.29 -.13 HYG (High Yield)91.78 +.08

Gold 1434.90 -3.10 Silver 37.37 +.17 Copper 4.42 uc Platinum 1760 uc
Oil 105.60 -.15 RBOB 3.05 +.03 Nat Gas 4.24 -.10
Aussie 102.48 +.0083 EURO 1.4113 +.0067 Pound 1.6076 -.0132
USD Index 75.89 -.17 DBC 30.24 +.12
Days to option expiration: 16

Long Term Opinions:

US Bonds: Major long term top forming. .... Current trend up
Muni Markets: Bottoming : Current trend Neutral
Stocks: .....  Current trend down
Gold: Primary top forming .....  Current trend up
Silver: Blow out top....Current trend up
Oil : Secondary bear market rally ending..... Current trend up
Commodities: Bear market rally ending..... Current trend up
Real Estate: Bottoming ..... Current trend down
US Dollar: Long term bottom forming .Current Trend down
US Economy: Propped up with debt.....Current trend up ..Slowing
China: Accident waiting to happen.. Current trend down
Emerging Markets: Bear market rally ending..... Current trend down
Emerging Markets Debt: A disaster.... Current trend down
World economy: Current trend slowing
World political environment: Tension, aggravated
Where's Waldo: Waldo is buying Gold, Foreign Bonds and Emerging Markets, US Stocks.
Notes: trend change in stocks and Bonds

Stock Market Trends

Mikey Short term down 3-14 11855
Mikey Intermediate Trend: Up 09/03/10 10477
Mikey Long term trend: UP 10/13/10 11052
Mikey current trend opinion: 3-15 Current trend down: 11855
IBD : IBD: 3-7 MARKET IN CORRECTION  12090


Oil upside breakout 12-1-10 @87.42 USO 37.29
Gold upside breakout 9-22-10 @1283.50 GLD 123.11
Dollar Index breakdown 9-21-10 @81.17  UUP 23.52

Short Term Trading Indicators


Mikey OB/OS index (80 OB 20 OS) 88
Put/Call Ratio(.6 OB 1.2 OS) .81 10 day average .86
Ratio Put Premiums to Call Premium (..34 to 2.5)  .76    10 day ave .84
Mutial Fund  Purchase/Redemptions ( 1.5 to .66)  1.15   
Williams %R 12 day --12.42 weekly --26.26
Bulls 50.6   Bears 22.4 Bull/Bear ratio 2.26 Bullish
Mikey Thrust indicator: Daily 9 Weekly 7 (1 low, 10 max)16, +2
DJIA MACD -14.46 (below 0 line) Rising/Positive Cross  3-24
NYSE New Highs 135 (12/7 429)  New Lows 12
NASDAQ New Highs 108(12-7 352) New Lows 20
NYSE Advance-Decline +934 NASDAQ Advance-Decline +748
Mikey A/D line NYSE (3/3 25358)+24087 NASDAQ (2-18 10095) +5797
NYSE % above 200 day ave  73%

Support: 1182 SPX, 11200 DJIA Breakout 9/20
Resistance: 1330 SPX; 12258 DJIA

Comments:
2-1 IBD uptrend resumes (3 rd change in past month)
2-3 Cramer says Gold decline over
2-4 DJI 4 th closing high in a row, NASDAQ closes at a new high, Transports 4% off highs
NASDAQ AD line lagging
2-16 Gold buy signal
2-18 options expire
2-21 Consumer confidence strong
2-22 IBD Uptrend under pressure 12212
2-22 MACD negative cross
3-1 Reversal day big distribution day 3rd in month
IBD Uptrend under pressure 12058
3-2 Weak bounce
3-8 IBD Market in correction
3-11 DJI Hits 50 day NASDAQ breaks 50 day at Jan lows
3-12 bounces off 50 day
3-14 Hard break of 50 day. Mikey trend change ..down
3-16 US long bonds uptrend
3-17 Snap back rally
3-18 options expire as mkt rallies
3-24 Continuation rally out of expiration

Moving Averages

5 day 12034 Rising/Price above
20 day 12043 Flat/Price below
50 day 12047  Rising/Price below
90 day 11761 Rising/Price above
200 day 11109  Rising/Price above
20 week 11724 Rising/Price above
50 week 11010 Rising/ Price above
90 week 10536 Rising/Price above
200 week 10873 Flat/Price above

Trends Green up, Red Down, Black neutral

World Markets (Power Numbers) Ave score  46
DJIA 56 Canada 59 Latin Amer 39 Mexico 56 Brazil 54
Europe 34 UK 28 Germany 25 Spain 57 Russia 47
China 60 Japan 24 Korea 49
Singapore 40 Taiwan 44 India 56  Australia 49
Emer Mkts 66 Total World market Index 37

Commodities (Power Numbers)
Oil 59 Nat Gas 67, Gasoline 57
Gold 63 Copper 38 Silver 73 Platinum 46
Grains 30 DBC 66

Currencies (Power Numbers)
USD 39 Aussie 49 Euro 59 , Brit Pd 54 Yuan 40 Yen 64  

US Industry Groups (relative strength) Ave Score 54
(3 up, 32 Neutral, 0 Downtrend)Score 3
Homebuilders (XHB) 54, Real Estate (IYR) 49, Finance (XLF) 47  Regional Banks (IAT) 42 Insurance
(IAK) 46 , Broker/Dealers ( IAI) 48, Retail (XRT) 57 Consumer Disc (XLY) 53  Telecom (IYZ) 54 Consumer Staple (XLP) 56 Health (XLV)54, Pharma (IHE) 54, Biotech (PBE ) 52, Transports (IYT) 55 Aerospace (ITA) 55, Shipping (SEA) 48, Airlines ($XAL) 45, ,Utilities (XLU) 45, Metals and Mining( XME) 60, Copper (COPX) 55, Nat Gas Production (FCG ) 65, Oil Expl and Prod (IEO) 61 Oil Service (OIH) 55, Coal (KOL) 63, Energy (XLE) 58, Gold Miners (GDX) 58 Steel (SLX) 53 Basic Mat (XLB) 55 Timber (Wood) 57 AgriBusiness (MOO) 53, Tech (XLK) 47 Semiconductors (SMH) 46, Software (SWH) 53 Networking (PXQ) 49 Internet (FDN) 56


Bonds (Relative Strength)
(1 up, 0 down, 8 neutral) Score 1

MUB (Natl Muni) 49 NCA(Ca Muni) 49 BND (Total Bond Index) 52 BWX (International Treas Bonds) 65, PCY (Emerg Mkt Debt) 55 TLT (20+ US Treasuries) 56, IEF ( 10 yr Treasuries) 50, PFF (US preferred) 57 HYG (High Yield) 54

Let's be honest. The economy is bad, housing is bad consumers are struggling and money is only available to those who have it. The stock market is not a reflection of the economy but a fiction created by the Fed to give the illusion that everything is OK. They are manufacturing higher prices in the market at the expense of the dollar. That in turn is sending oil and food prices that the real consumer has to deal with into orbit. Meanwhile prices sink and the jobs market sinks. The jobs numbers like so many of the government economic statistics are pure fiction.

 The lies continue and the FED and investment banks continue to get away with whatever they can to keep this farce going.  It looks to me that whatever is funding this mess has gone about as far as they can push it. The Fed should put an end to this windbag and let the air out so at least the public can get some relief from high oil prices and rising interest rates.

Mikey
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Wednesday, March 23, 2011

Snap back rally continues

DJIA 12086.02 +67.39 SPX 1297.54 +3.77 NASDAQ 2698.30 +14.43
Russell 2000811.24 +2.58 DJT 5096.58 -33.5 DJU406.04 -.31 VIX 19.17
US Gov rates: 6 mo .1573%  2 yr .6454% 10 yr 3.33 +.02   30 yr 4.43 uc
IEF(US10 yr) 93.90 -.12 TLT (US LT)93.02 -.30 MUB (LT Natl Muni)100.13 +.27
BND (Total Bond Mkt)80.42 -.03  HYG (High Yield)91.69 -.09
Gold 1438 +10.40 Silver 37.20 +.93 Copper 4.42 +.11 Platinum 1760 +20.60  
Oil 105.75 +.78 RBOB 3.02 uc Nat Gas 4.34 +.08
Aussie 1.0170 +.0035 EURO 1.4045 -.0095 Pound 1.6138 -.0150
USD Index 76.05 +.38 DBC 30.12 +.02
Days to option expiration: 18

Long Term Opinions:

US Bonds: Major long term top forming. .... Current trend up
Muni Markets: Bottoming : Current trend Neutral
Stocks: .....  Current trend down
Gold: Primary top forming .....  Current trend up
Silver: Blow out top....Current trend up
Oil : Secondary bear market rally ending..... Current trend up
Commodities: Bear market rally ending..... Current trend up
Real Estate: Bottoming ..... Current trend down
US Dollar: Long term bottom forming .Current Trend down
US Economy: Propped up with debt.....Current trend up ..Slowing
China: Accident waitng to happen.. Current trend down
Emerging Markets: Bear market rally ending..... Current trend down
Emerging Markets Debt: A disaster.... Current trend down
World economy: Current trend slowing
World political environment: Tension, aggravated
Where's Waldo: Waldo is buying Gold, Foreign Bonds and Emerging Markets, US Stocks.
Notes: trend change in stocks and Bonds
Stock Market Trends

Mikey Short term down 3-14 11855
Mikey Intermediate Trend: Up 09/03/10 10477
Mikey Long term trend: UP 10/13/10 11052
Mikey current trend opinion: 3-15 Current trend down: 11855
IBD : IBD: 3-7 MARKET IN CORRECTION  12090


Oil upside breakout 12-1-10 @87.42 USO 37.29
Gold upside breakout 9-22-10 @1283.50 GLD 123.11
Dollar Index breakdown 9-21-10 @81.17  UUP 23.52

Short Term Trading Indicators


Mikey OB/OS index (80 OB 20 OS) 83
Put/Call Ratio(.6 OB 1.2 OS) .79 10 day average .87
Ratio Put Premiums to Call Premium (..34 to 2.5)  .85     10 day ave .84
Mutial Fund  Purchase/Redemptions ( 1.5 to .66)  1.15   
Williams %R 12 day -24.46 weekly -36.65
Bulls 50.6   Bears 22.4 Bull/Bear ratio 2.26 Bullish
Mikey Thrust indicator: Daily 8 Weekly 6 (1 low, 10 max)14, +2
DJIA MACD -21.46 (below 0 line) Rising/Negative Cross  2-22
NYSE New Highs 89(12/7 429)  New Lows 17
NASDAQ New Highs 69(12-7 352) New Lows 37
NYSE Advance-Decline +310 NASDAQ Advance-Decline +168
Mikey A/D line NYSE (3/3 25358)+23153 NASDAQ (2-18 10095) +5049
NYSE % above 200 day ave  73%

Support: 1182 SPX, 11200 DJIA Breakout 9/20
Resistance: 1330 SPX; 12258 DJIA

Comments:
2-1 IBD uptrend resumes (3 rd change in past month)
2-3 Cramer says Gold decline over
2-4 DJI 4 th closing high in a row, NASDAQ closes at a new high, Transports 4% off highs
NASDAQ AD line lagging
2-16 Gold buy signal
2-18 options expire
2-21 Consumer confidence strong
2-22 IBD Uptrend under pressure 12212
2-22 MACD negative cross
3-1 Reversal day big distribution day 3rd in month
IBD Uptrend under pressure 12058
3-2 Weak bounce
3-8 IBD Market in correction
3-11 DJI Hits 50 day NASDAQ breaks 50 day at Jan lows
3-12 bounces off 50 day
3-14 Hard break of 50 day. Mikey trend change ..down
3-16 US long bonds uptrend
3-17 Snap back rally
3-18 options expire as mkt rallies

Moving Averages

5 day 12016 Rising/Price above
20 day 12038 Flat/Price below
50 day 12046  Rising/Price below
90 day 11760 Rising/Price above
200 day 11108  Rising/Price above
20 week 11724 Rising/Price above
50 week 11010 Rising/ Price above
90 week 10536 Rising/Price above
200 week 10873 Flat/Price above

Trends Green up, Red Down, Black neutral

World Markets (Power Numbers) Ave score  42
DJIA 51 Canada 56 Latin Amer 36 Mexico 52 Brazil 51
Europe 32 UK 24 Germany 19 Spain 56 Russia 43
China 57 Japan 24 Korea 45
Singapore 37 Taiwan 44 India 51  Australia 44
Emer Mkts 63 Total World market Index 32

Commodities (Power Numbers)
Oil 59 Nat Gas 74, Gasoline 55
Gold 66 Copper 32 Silver 66 Platinum 45
Grains 29 DBC 64

Currencies (Power Numbers)
USD 41 Aussie 48 Euro 49 , Brit Pd 58 Yuan 45 Yen 65  

US Industry Groups (relative strength) Ave Score 49
(4 up, 31Neutral, 0 Downtrend)Score 4

Homebuilders (XHB) 52, Real Estate (IYR) 47, Finance (XLF) 43  Regional Banks (IAT) 41 Insurance
(IAK) 46 , Broker/Dealers ( IAI) 45, Retail (XRT) 51 Consumer Disc (XLY) 47  Telecom (IYZ) 50 Consumer Staple (XLP)50 Health (XLV)47, Pharma (IHE) 49, Biotech (PBE ) 46, Transports (IYT) 51 Aerospace (ITA) 54, Shipping (SEA) 48, Airlines ($XAL) 43, ,Utilities (XLU) 42, Metals and Mining( XME) 59, Copper (COPX) 53, Nat Gas Production (FCG ) 64, Oil Expl and Prod (IEO) 60 Oil Service (OIH) 54, Coal (KOL) 61, Energy (XLE) 57, Gold Miners (GDX) 61 Steel (SLX) 51 Basic Mat (XLB) 53 Timber (Wood) 54 AgriBusiness (MOO) 50, Tech (XLK) 44, Semiconductors (SMH) 46, Software (SWH) 46 Networking (PXQ) 44 Internet (FDN) 49

Bonds (Relative Strength)
(1 up, 0 down, 8 neutral) Score 1
MUB (Natl Muni) 52 NCA(Ca Muni) 54 BND (Total Bond Index) 56 BWX (International Treas Bonds) 66, PCY (Emerg Mkt Debt) 53 TLT (20+ US Treasuries) 57, IEF ( 10 yr Treasuries) 55, PFF (US preferred) 57 HYG (High Yield) 53

Very little to say about today except that we above the 50 day average now. The MACD is approaching the zero line. The standard set up is for the MACD to cross up through zero and then roll over below it. That would be a sell.

Mikey
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