Long bonds return to uptrend Economic story turns weak

News Highlights


Exxon drops 2% on weak margins
DJIA has 4th day of small losses
CBO says 2012 economy 2% growth 1 trillion deficit
Amazon falls on earnings miss
Long bonds return to uptrend

Mikey


Key Indicators

Current trading range: 12280 -12750 DJI Close 12800
The Trends
Short term (50 hour) down(2) ...signal 1-30  12585
Current trend (50 day) Up (41 days)...signal 12-2-11 12019
Intermediate trend (50 week) Up (10 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  (27 days) Market in confirmed uptrend 12103
Overbought/Oversold (+100 overbought/-100 oversold)
Volume(Millions) NYSE 900 NASDAQ 1.69 B
Advance/Decline NYSE +518 NASDAQ +171 Mikey A/D line 43504
Mikey5 (+54)Neutral Mikey10 (+123)OB Mikey20 (+162) OB, Mikey50(+102) OB
% Stocks above 200 day ave 65% (above 50% uptrend)
Trader Psychology
Put/Call day .62, 10 day .82,  Put Premium .68 10 day .72,  
Bull/Bear Ratio 1.74 Bulls 50.0%, Bears 28.7%
Mutial Funds Buy/Redeem ratio 1.01
MACD  Daily (+155.93),Negative cross 1-30, Weekly (+231.92), Positive cross 10-24
VIX 19.44 VXZ 54.68 Mikey Fear 82 (80 Low 20 High) 
Averages (uptrend 20>50)
20 hour 12626 Rising/ Price below
50 hour 12673 Rising/Price below
20 day 12550 Rising/Price above
50 day 12176 Rising/ Price above
20 week 11950 Rising/ Price above
50 week 12023 Rising/ Price above
20 month 11625 Rising/Price above
50 month 10790 Flat/Price above

Closing Prices

US Stocks
DJIA 12632.91 -20.81 S/P 500 1312.41 -.60 NYSE Comp 7838.48 +4.07  NASDAQ  2813.84 +1.90  DJT 5319.14 -2.83 DJU 448.84 +2.28
US Debt Markets
US Gov rates: 6 mo .0805%  2 yr .2186% 5 Yr .7123% 10 yr 1.81 30 yr 2.95
Ave Mtg rates : 30 Yr 3.85% 30 Yr Rifi 3.91% 15 Yr 3.17% 5/1 ARM 2.85
IEF (US 7-10 yr) 106.48 +.40 TLT (20 yr) 120.76 +1.29
MUB (NatlMuni) 112.07 -.68 Cal Muni (NCA)9.65 +.10 BND Total Bond Index 84.05 +.06
Commodities
CRB Commodities Index 312.31 -1.60
Gold 1740.40 +9.40 Silver 33.26 -.26 Copper 3.78 -.05  Platinum 1588.10 -28.20
Oil 98.48 +.70  RBOB 2.89 +.02  Nat Gas 2.50 -.21
US Dollar Index and World Currencies
Euro 1.3030 -.0041 Pound 1.5630 +.0057  Swiss Franc 1.0725 -.0028
Yen  1.2913 +.0020 Aussie 1.0639 +.14  Dollar Index 79.46 +.16
World Debt markets
BWX (Intl Treas) 60.44 +.37 PCY (Emerg debt) 27.33 +.08  IBND (Intl Corp)32.62 -.01

All Markets Current Trends 

World debt markets
US Bonds: 1-30  current trend neutral
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