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

Monday, January 30, 2012

News Highlights



Mikey


Key Indicators

Current trading range: 12280 -12750 DJI Close 12800
The Trends
Short term (50 hour) down(1) ...signal 1-30  12585
Current trend (50 day) Up (40 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  (26 days) Market in confirmed uptrend 12103
Overbought/Oversold (+100 overbought/-100 oversold)
Volume(Millions) NYSE 741 NASDAQ 1.617
Advance/Decline NYSE -769 NASDAQ -830 Mikey A/D line 42986
Mikey5 (+50)Neutral Mikey10 (+136)OB Mikey20 (+152) OB, Mikey50 (+81) Neut
% Stocks above 200 day ave 64% (above 50% uptrend)
Trader Psychology
Put/Call day .94, 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 (+165.86),Negative cross 1-30, Weekly (+233.19), Positive cross 10-24
VIX 19.40 VXZ 54.28 Mikey Fear 82 (80 Low 20 High) 
Averages (uptrend 20>50)
20 hour 12670 Rising/ Price below
50 hour 12680 Rising/Price below
20 day 12530 Rising/Price above
50 day 12162 Rising/ Price above
20 week 11951 Rising/ Price above
50 week 12024 Rising/ Price above
20 month 11625 Rising/Price above
50 month 10790 Flat/Price above

Closing Prices

US Stocks
DJIA 12653.72 -6.74 S/P 500 1313.01 -3.32 NYSE Comp 7834.41 -42.20 NASDAQ  2811.94 -4.61 DJT 5321.97 -22.81 DJU 446.56 -1.41
US Debt Markets
US Gov rates: 6 mo .0805%  2 yr .2108% 5 Yr .7457% 10 yr 1.86 30 yr 3.01
Ave Mtg rates : 30 Yr 3.87% 30 Yr Rifi 3.93% 15 Yr 3.19% 5/1 ARM 2.86
IEF (US 7-10 yr) 106.10 +.38 TLT (20 yr) 119.42 +1.34
MUB (NatlMuni) 112.75 +.07 Cal Muni (NCA)9.55 +.06
BND Total Bond Index 84.09 +.19

Commodities
CRB Commodities Index 317.81 uc

Gold 1731 -1.20 Silver 33.52 -.27 Copper 3.83 -.06 Platinum 1616.30 -6.90
Oil 97.78 -.78 RBOB 2.87 -.05  Nat Gas 2.71 -.04
US Dollar Index and World Currencies
Euro 130.85 -.0078  Pound 1.5573 -.0026
Swiss Franc 1.0753 -.0066
Yen  1.2893 +.0060 Aussie 1.0627 -.0065  Dollar Index 79.30 +.29
World Debt markets
BWX (Intl Treas) 60.22 -.26 PCY (Emerg debt) 27.25 +.08  IBND (Intl Corp)32.64 +.26


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

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