How about those consumer confidence numbers

News Highlights


Consumer sentiment in the U.S. unexpectedly saw a modest improvement in the month of February, according to Thomson Reuters and the University of Michigan's revised report for the month, with the consumer sentiment index upwardly revised by much more than anticipated.

The report showed that the consumer sentiment index for February was upwardly revised to 75.3 from the mid-month reading of 72.5. Economists had expected the index to be upwardly revised to 73.0.

With the bigger than expected upward revision, the consumer sentiment index showed a modest increase compared to the January reading of 75.0. The index is now at its highest level since February of 2011

A question in the survey asked,  are you financially better off now than a year ago?  Only 27% said that they were. It is my guess that these confident consumers all own oil stocks in their portfolios and just love the spike in Gas prices.  They also must be short their house and love the great rates of interest they are getting in their savings accounts and paying on their credit cards.  Now that is confidence you can get behind.  

The G 20 meets this weekend to spank Europe for a bad show and to stack the deck for the world financial markets for the next 3 months. This is your democracy at work.

Mikey

Key Indicators

Current trading range: 12500 -13000 DJI Close 12982
MACD Crosses: Negative cross =consolidation/correction Positive cross=uptrend
Short term (50 hour) Up (40 Hr) ...signal 2-16 12850 
MACD  Hourly (+16.94)
Current trend (50 day) Up (52 days)...signal 12-2-11 12019
MACD Daily (+131.41),Negative cross 2-13
Intermediate trend (50 week) Up (11 weeks)...signal 12-19-11 12294
MACD Weekly (+316.01), Positive cross
Long term trend (50 month) Up (15 months)...signal 12/1/10 11577
MACD Monthly (+503.14) Positive Cross 9/1/09
IBD Current trend 12-20 Up  (42 days) Market in confirmed uptrend 12103
Volume(Millions) NYSE 639 NASDAQ 1585
Advance/Decline NYSE +264 NASDAQ -267 Mikey A/D line 48081
New Highs NYSE 181 NASDAQ 108 New Lows NYSE 5 NASDAQ 9
Overbought/Oversold (+100 overbought/-100 oversold)
Mikey5 +34 Neutral, Mikey10 +35 Neutral, Mikey20 +97 Neutral, Mikey50 +201 OB
% Stocks above 200 day ave 78% (above 50% uptrend)
Trader Psychology
Put/Call day .99, 10 day .78,  Put Premium .66 10 day .60,  
Bull/Bear Ratio 1.92 Bulls 51.1%, Bears 26.6%
Mutial Funds Buy/Redeem ratio 1.01
VIX 17.31 VXZ 55.80 Mikey Fear 91 (80 Low 20 High) 

Averages (uptrend 20>50)
20 hour 12967 Rising/ Price above
50 hour 12928 Rising/Price above
20 day 12837 Rising/Price above
50 day 12535 Rising/ Price above
20 week 12259 Rising/ Price above
50 week 12076 Rising/ Price above
20 month 11785 Rising/Price above
50 month 10784 Flat/Price above

Closing Prices

US Stocks
DJIA 12982.95 -1.74  S/P 500 1365.74 +2.28 NYSE Comp 8151.97 +15.73
NASDAQ  2963.75 +6.77 DJT 5139.14 -22.51 DJU 453.34 +2.59
US Debt Markets
US Gov rates: 6 mo .1399%  2 yr .3088% 5 Yr .8942% 10 yr 1.98 30 yr 3.10
Ave Mtg rates : 30 Yr 3.88% 30 Yr Rifi 3.95% 15 Yr 3.16% 5/1 ARM 2.84
IEF (US 7-10 yr) 105.14 +.08 TLT (20 yr) 117.48 +.72
MUB (NatlMuni) 110.35 -1.10 Cal Muni (NCA)9.97 +.09
BND Total Bond Index 83.86 +.08
Commodities
CRB Commodities Index 325.91 +2.51  
Gold 1776.40 -9.90  Silver 35.34 -.22 Copper 3.86 +.05  Platinum 1715.10 -7.90
Oil 109.77 +1.94  RBOB 3.15 +.04 Nat Gas 2.55 -.07
US Dollar Index and World Currencies
Euro 1.3391 +.0077 Pound 1.5746 +.0147 Swiss Franc 1.1028 +.0077
Yen  1.2130 -.0183 Aussie 1.0718 -.0010 Canadian Dollar .9948 -0021
Dollar Index 78.40 -.48
World Debt markets
BWX (Intl Treas) 60.53 +.24 PCY (Emerg debt) 27.92 +.05 IBND (Intl Corp)33.59 +.29


All Markets Current Trends 

US SECTORS

(Green up Red down White Neutral)

NASDAQ
DJ Trans
DJ Util
Long Bonds
Energy

Tech
Healthcare
Materials
Retail
Housing
Consumer Discrestionary
Consumer Staples
Airline
Metals and Mining
Financial

World debt markets
US Bonds: 2-3 current trend down
US Natl Muni Markets:: 2-23 current trend neutral  

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 2-7 current trend neutral
Sugar 1-18 Current trend up

Lumber 2-3 current trend up
Energy
Oil  2-14 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 1-18 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
India 1-17 current trend up
Total world markets 1-17 current trend up

Intermediate Term Trends
Dollar:Up
US Bonds: Up
Emerging Markets: Up 
Total World Stocks: UP
Emerging Debt: UpWorld Bonds: Neutral
Oil: Up
Gold: Up
Silver: Up
Commodities: Up
China: Up
Brazil: Up
India: Up
Europe: Up