Euro creeping up after downgrade.. How did US bonds do after S&P downgrade in August?

News Highlights

Nat Gas (2.49) sets 10 year low
Euro rises after Spanish and Italian offerings, S&P downgrade
British pound may lose AAA status
German sentiment jumps
China grew at 8.9%
Iran says they are willing to talk
Yahoo co founder leaves
Citi misses, Wells beats
Copper, Palladium, Cotton, China, Brazil, Emerging markets all turn up
Mikey10 and Mikey20 overbought
Put/Call .54 and .71 (10 day) Put Premium .72 and .77 (10 day) both low
Options expire this week


The new Spanish and Italian bonds are doing well after the S&P downgrade of Europe. Go back and look at the charts of US bonds and US dollar in August of last year. That was when S&P downgraded US debt. That was a great time to buy US bonds and the dollar when they downgraded. Will it happen to the EURO and Euro bonds?  Probably because that is the kind of misdirection that is used when markets make lows. Is the Dollar topping ? It is my opinion that Central banks are now selling their US bonds and dollars for a nice profit.`They bought the US bonds at the last big US auction in August (right with the S&P downgrade) and are buying the cheap  Euro bonds on this downgrade. Slick way to make money from a disaster isn't it

Mikey


Key Indicators

Current trading range: 11760 -12500
The Trends
Short term (50 hour) Up (18 days) 12-2 12102
Current trend (50 day) Up (28 days)...signal 12-2-11 12019
Intermediate trend (50 week) Up (5 weeks)...signal 12-19-11 12294
Long term trend (50 month) Up (12 months)...signal 12/1/10 11577
IBD Current trend 12-20 Up  (17 days) Market in confirmed uptrend 12103
Overbought/Oversold (+100 overbought/-100 oversold)
Mikey5 (+59)Neut Mikey10 (+104)OB Mikey20 (+139) OB, Mikey50 (+54) Neut
% Stocks above 200 day ave 50% (above 50% uptrend)
Trader Psychology
Put/Call day .54, 10 day .71,  Put Premium .72 10 day .77,  
Bull/Bear Ratio 1.71 Bulls 51.1%, Bears 29.8%
Mutial Funds Buy/Redeem ratio 1.01
MACD  Daily (+147.06 ),Positive cross 12-22, Weekly (+167.14), Positive cross 10-24
VIX 22.20 VXZ 57.77 Mikey Fear 71 (80 Low 20 High) 
Averages (uptrend 20>50)
20 hour 12447 Rising/ Priceabove
50 hour 12426 Rising/Price above
20 day 12276 Rising/Price above
50 day 12045 Rising/ Price above
20 week 11799 Rising/ Price
50 week 12006 Flat/ Price above
20 month 11617 Rising/Price above
50 month 10787 Flat/Price above

Closing Prices

US Stocks
DJIA 12482.07 +60.01 S/P 500 1293.67 +4.58 NYSE Comp 7670.47 +38.44
NASDAQ  2728.08 +17.41  DJT 5768.73 -7.19  DJU 451.69 +.79
US Debt Markets
US Gov rates: 6 mo .0629%  2 yr .2174% 5 Yr .7878% 10 yr 1.85 30 yr 2.89
Ave Mtg rates : 30 Yr 3.88% 30 Yr Rifi 3.94% 15 Yr 3.22% 5/1 ARM 2.86
IEF (US 7-10 yr) 105.70 +.03  TLT (20 yr) 121.28 +.40
MUB (NatlMuni) 110.77 +.09 Cal Muni (NCA)9.47 -.03
BND Total Bond Index 83.63 -.07
Commodities
CRB Commodities Index 310.83 +3.13
Gold 1655.60 +34.80 Silver 30.13 +.61 Copper 3.73 +.10 Platinum 1528.50 +39.90 Oil 100.71 +2.01 RBOB 2.77 +.04 Nat Gas 2.49 -.18
US Dollar Index and World Currencies
Euro 1.2693 +.0060 Pound 1.5209 +.0010 Swiss Franc 1.0393 +.0024
Yen  1.2818 +.0020 Aussie 1.0382 +.0059 Dollar Index 81.18 -.71
World Debt markets
BWX (Intl Treas 58.33 +.16  PCY (Emerg debt)26.76 -.02  IBND (Intl Corp) 31.31 +.10
All Markets Current Trends 

World debt markets
US Bonds: 1-12 current trend up
US Natl Muni Markets:: 11-21 current trend up

Intl Treas Bonds 11-9 current trend down
Intl Corp Bonds 11-17 current trend down
Emerging Markets Debt: 11-21 current trend down
US High Yield 12-12 current trend up
US Preferred Stocks 11-30 current trend up
Currencies markets

US Dollar Index 11-14 current trend up
Aussie Dollar 1-10 current trend up
Euro 11-14 current trend down
Brit Pd 11-21 current trend down
Swiss Franc: 10-27 current trend down
Jap Yen 1-10 current trend up
Canadian Dollar 12-30  current trend neutral
Mexican Peso 1-10 current trend neutral
Brazilian Real 12-12 current trend down
Indian Rupe 11-21 current trend down

Commodity index (Broad based) 1-4 current trend neutral
Metals

Gold: .12-11  current trend down

Silver: 12-11 current trend down
Copper 1-17 current trend up
Platinum 11-17 current trend neutral
Palladium 1-17 current trend up
Agg, Fiber, Wood

Grains  Current trend down
Cotton 1-17 current trend upl

Livestock 12-7 current trend neutral

Coffee 9-21 current trend down
Sugar 1-4 Current trend neutral
Lumber 12-28 current trend neutral

Energy

Oil 12-21 current trend up

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 1-03 current trend neutral
China: 1-17 current trend upl
Brazil 1-17 current trend up
Japan 1-03 current trend neutral
India 1-17 current trend neutral
Russia 12-9  current trend neutral
Emerging Markets: 1-17 current trend up
Total world markets 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:  China, Brazil, Emerging mkts, Total world mkts to up...Russia & India to neutral
Currencies:,
Commodities: Cotton to up, Palladium to up Copper to up
World Debt :