All currencies up vs dollar..... Central banks profit from Dollar fall

News Highlights


The Central banks are well under way to big profits as the Euro and all other currencies step on the dollar. The weak economic forecast and the pledge to keep rates lower forever speech by the US Fed this week provided the back ground to the rally.  To keep stocks up the story says that they will be ready to aide the economy for a long period of time.

Is it just me or haven't they been doing this for 4 years?  The results have been less than successful for the economy during this period. The game is to QE the market and corporate profits higher as the real economy twists in the wind. How are these corporations making thses profits? Well maybe let's just say the falling dollar is a big help. 

The implication this week is the the Fed is going to support the market. This may or may not be true. To me Madoff ran a better Ponzi scheme than the Fed is running. The problem is that everyone is afraid to say that the emperor has no clothes and I might add rightfully so. It is still a Ponzi scheme none the less.

The real economy is being held up by a growing and unsustainalbe deficit that can not go on forever. Of course, this week the commodities markets turned up along with the non US currencies. How this can be a good thing is way beyond me. The price trend is all that matters not the puny stories that are fed (pun) to the public. The trend is still up, for now, on commodities and stocks.

Mikey


Key Indicators

Current trading range: 12280 -12750 DJI Close 12800
The Trends
Short term (50 hour) up(26 days) ...signal 12-2 12102
Current trend (50 day) Up (39 days)...signal 12-2-11 12019
Intermediate trend (50 week) Up (9 weeks)...signal 12-19-11 12294
Long term trend (50 month) Up (16 months)...signal 12/1/10 11577
IBD Current trend 12-20 Up  (25 days) Market in confirmed uptrend 12103
Overbought/Oversold (+100 overbought/-100 oversold)
Advance/Decline NYSE +877  NASDAQ +731 Mikey A/D line 43735
Mikey5 (+81)Neutral Mikey10 (+124)OB Mikey20 (+188) OB, Mikey50 (+97) Neut
% Stocks above 200 day ave 65% (above 50% uptrend)
Trader Psychology
Put/Call day .82, 10 day .80,  Put Premium .73 10 day .72,  
Bull/Bear Ratio 1.74 Bulls 50.0%, Bears 28.7%
Mutial Funds Buy/Redeem ratio 1.01
MACD  Daily (+174.47),Positive cross 12-22, Weekly (+214.28  ), Positive cross 10-24
VIX 18.57 VXZ 54.49 Mikey Fear 86 (80 Low 20 High) 
Averages (uptrend 20>50)
20 hour 12709 Rising/ Price below
50 hour 12679 Rising/Price below
20 day 12511 Rising/Price above
50 day 12156 Rising/ Price above
20 week 11894 Rising/ Price above
50 week 12018 Rising/ Price above
20 month 11626 Rising/Price above
50 month 10790 Flat/Price above

Closing Prices

US Stocks
DJIA 12660.46 -74.17  S/P 500 1316.33 -2.10 NYSE Comp 7876.61 -7.29
NASDAQ  2816.55 +11.27 DJT 5344.78 +41.93 DJU 447.97 -6.07

US Debt Markets
US Gov rates: 6 mo .0763%  2 yr .2147% 5 Yr .7840% 10 yr 1.95 30 yr 3.11
Ave Mtg rates : 30 Yr 3.92% 30 Yr Rifi 3.99% 15 Yr 3.24% 5/1 ARM 2.89
IEF (US 7-10 yr) 105.72 +.32 TLT (20 yr) 118.05 +.34
MUB (NatlMuni) 112.73 -.14 Cal Muni (NCA)9.49 uc
BND Total Bond Index 83.90 +.15

Commodities
CRB Commodities Index 317.81 +.39
Gold 1732.20 +5.50 Silver 33.79 +.05
Copper 3.89 uc Platinum 1623.00 +6.20
Oil 99.56 -.14 RBOB 2.92 +.09 Nat Gas 2.75 +.11

US Dollar Index and World Currencies
Euro 1.3199 +.0151 Pound 1.5600 +.0042 Swiss Franc 1.0819 +.0091
Yen  1.2833 +.0128 Aussie 1.0693 +.0045 Dollar Index 79.01 -.50

World Debt markets
BWX (Intl Treas) 60.47 +.67 PCY (Emerg debt) 27.17 -.09 IBND (Intl Corp)32.38 -.14



All Markets Current Trends 

World debt markets
US Bonds: 1-26  current trend down
US Natl Muni Markets:: 11-21 current trend up

Intl Treas Bonds 1-26 current trend up
Intl Corp Bonds 1-26 current trend up
Emerging Markets Debt: 1-26 current trend up
US High Yield 12-12 current trend up
US Preferred Stocks 11-30 current trend up
Currencies markets

US Dollar Index 1-26 current trend down
Aussie Dollar 1-10 current trend up
Euro 1-26 current trend up
Brit Pd 1-26 current trend upl
Swiss Franc: 1-27 current trend up
Jap Yen 1-27 current trend up
Canadian Dollar 1-18 current trend upl
Mexican Peso 1-18 current trend upl
Brazilian Real 12-12 current trend up
Indian Rupe 12-12 current trend up

Commodity index (Broad based) 1-19  current trend up
Metals

Gold: .1-26 current trend up
Silver: 1-21 current trend up

Copper 1-17 current trend up
Platinum 1-18 current trend up
Palladium 1-17 current trend up
Agg, Fiber, Wood

Grains 1-24   Current trend up
Cotton 1-17 current trend upl

Livestock 1-24 current trend up
Coffee 9-21 current trend down

Sugar 1-18 Current trend up
Lumber 12-28 current trend neutral

Energy

Oil 12-21 current trend neutral
Heating Oil 1-3 Current trend up

Gasoline 12-21 current trend up
Natural Gas 7-28 current trend down

World Stock markets
US Stocks: 12-14 current trend up

Europe 1-18 current trend up
China: 1-17 current trend upl
Brazil 1-17 current trend up
Japan 1-18 current trend up
India 1-17 current trend up
Russia 1-18  current trend upl
1-17 current trend up
Total world markets 1-17 current trend up

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

Trend changes today:
World Stocks: 
Currencies:,
Commodities:
World Debt