World bonds turning up as dollar US bonds sell off

News Highlights


The tide is changing with the dollar going out and the world currencies coming in. I believe this is the result of the most recent crisis resolution.  It is now the the Feds turn to print dollars and inflate the value of the Euro to bail out Europe. Stay tuned to the US debt crisis coming to you in a financial market near you. That of course will be a ways off but that is the apparent plan to solve the world debt crisis.  A game of ping pong with world currencies and sovereign debt.

US Long bonds

Intl Treasury

Mikey 5 108, Mikey10 137, and Mikey 20 163 are all overbought the last time was July 7th.

DJI

Mikey


Key Indicators

Current trading range: 12280 -12750 DJI Close 12720
The Trends
Short term (50 hour) Up (22 days) ...signal 12-2 12102
Current trend (50 day) Up (32 days)...signal 12-2-11 12019
Intermediate trend (50 week) Up (7 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  (21 days) Market in confirmed uptrend 12103
Overbought/Oversold (+100 overbought/-100 oversold)
Mikey5 (+108)Overbought Mikey10 (+137)OB Mikey20 (+163) OB, Mikey50 (+62) Neut
% Stocks above 200 day ave 59% (above 50% uptrend)
Trader Psychology
Put/Call day .83, 10 day .74,  Put Premium .65 10 day .72,  
Bull/Bear Ratio 1.67 Bulls 50.0%, Bears 29.8%
Mutial Funds Buy/Redeem ratio 1.01
MACD  Daily (+176.62),Positive cross 12-22, Weekly (+218.01), Positive cross 10-24
VIX 18.67 VXZ 54.70 Mikey Fear 85 (80 Low 20 High) 
Averages (uptrend 20>50)
20 hour 12669 Rising/ Price above
50 hour 12552 Rising/Price above
20 day 12415 Rising/Price above
50 day 12092 Rising/ Price above
20 week 11897 Rising/ Price above
50 week 12019 Rising/ Price above
20 month 11628 Rising/Price above
50 month 10791 Flat/Price above

Closing Prices

US Stocks
DJIA 12708.82 -11.66 S/P 500 1316.00 +.62 NYSE Comp 7855.52 +26.19 NASDAQ  2784.17 -2.53 DJT 5240.94 -39.81 DJU 449.76 +1.22
US Debt Markets
US Gov rates: 6 mo .0729%  2 yr .2345% 5 Yr .8960 % 10 yr 2.05 30 yr 3.12
Ave Mtg rates : 30 Yr 3.95% 30 Yr Rifi 4.02% 15 Yr 3.27% 5/1 ARM 2.90
IEF (US 7-10 yr) 104.22 -.23 TLT (20 yr) 116.24 -.74
MUB (NatlMuni) 110.76 +.23  Cal Muni (NCA)9.49 +.03
BND Total Bond Index 83.27-.10
Commodities
CRB Commodities Index 312.13 +2.22
Gold 1678.30 +14.30  Silver 32.27 +.60 Copper 3.80 +.06 Platinum 1561.10 +29.10
Oil 99.58 +1.25 RBOB 2.77 -.01 Nat Gas 2.53 +.19
US Dollar Index and World Currencies
Euro 1.2983 +.0104 Pound 1.5450 +.0013 Swiss Franc 1.0658 +.0093
Yen  1.2788 uc Aussie 1.0562 +.00858  
Dollar Index 49.94 -.46  
World Debt markets
BWX (Intl Treas 59.25 +.02 PCY (Emerg debt) 27.15 +.08  IBND (Intl Corp)31.99 +.29



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 1-20 current trend neutral
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 1-18 current trend upl
Mexican Peso 1-18 current trend neutral
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: .12-20  current trend neutral
Silver: 12-20 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  Current trend down
Cotton 1-17 current trend upl

Livestock 12-7 current trend neutral

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
Emerging Markets: 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:Sugar to up Commodities to up
World Debt :US long term to neutral