News Highlights


The great thing about making up the news to justify price moves is that the same news can be changed the next day to fit the occasion. Yesterday, Greece plan passed today it had problems. How do you deal with that? I think the best way is to just ignore it and follow the price moves. The hourly MACD closed below zero today. It usually takes 2 moves to break any trend.

Mikey

Key Indicators

Current trading range: 12500 -12903 DJI Close 12801
The Trends
Short term (50 hour) Down (7 Hr) ...signal 2-1 12766
Current trend (50 day) Up (43 days)...signal 12-2-11 12019
Intermediate trend (50 week) Up (10 weeks)...signal 12-19-11 12294
Long term trend (50 month) Up (15 months)...signal 12/1/10 11577
IBD Current trend 12-20 Up  (35 days) Market in confirmed uptrend 12103
Overbought/Oversold (+100 overbought/-100 oversold)
Volume(Millions) NYSE 746 NASDAQ 1,700
Advance/Decline NYSE -1534 NASDAQ -1236 Mikey A/D line 46366
New Highs NYSE 91 NASDAQ 54 New Lows NYSE 14 NASDAQ 15
Mikey5 (-29) Neutral, Mikey10 (+52) Neutral, Mikey20 (+126) OB, Mikey50 (+192) OB
% Stocks above 200 day ave 73% (above 50% uptrend)
Trader Psychology
Put/Call day .85, 10 day .78,  Put Premium .57 10 day .63,  
Bull/Bear Ratio 1.81 Bulls 52.1%, Bears 28.7%
Mutial Funds Buy/Redeem ratio 1.01
MACD  Hourly ( -16.26 ) Negative cross, Daily (+153.06 ),Positive cross 2-7-12,
Weekly (+270.57 ), Positive cross 10-24-11, Monthly (490.12) Positive Cross 9/1/09
VIX 54.20 VXZ 54.20 Mikey Fear 77 (80 Low 20 High) 

Averages (uptrend 20>50)
20 hour 12845  Falling/ Price above
50 hour 12824 Rising/Price above
20 day 12711 Rising/Price above
50 day 12384 Rising/ Price above
20 week 12063 Rising/ Price above
50 week 12041 Rising/ Price above
20 month 11776 Rising/Price above
50 month 10780 Flat/Price above

Closing Prices

US Stocks
DJIA 12801.23 -89.23 S/P 500 1342.64 -9.31   NYSE Comp 4992.03 -89.22  
NASDAQ  2903.88 -23.35 DJT 5254.14 -54.95  DJU 450.45 -.57
US Debt Markets
US Gov rates: 6 mo .1246%  2 yr .2779% 5 Yr .8202% 10 yr 1.98 30 yr 3.13
Ave Mtg rates : 30 Yr 3.89% 30 Yr Rifi 3.96% 15 Yr 3.21% 5/1 ARM 2.87
IEF (US 7-10 yr) 105.21 +.56 TLT (20 yr) 116.72 +1.23
MUB (NatlMuni) 112.59 +.59  Cal Muni (NCA)9.87 +.08
BND Total Bond Index 83.70 +.06
Commodities
CRB Commodities Index 312.14 -3.36
Gold 1725.30 -15.90 Silver 33.60 -.38  
Copper 3.86 -.12  Platinum 1659.80 -7.80
Oil 98.67 -1.17 RBOB 2.97 -.03 Nat Gas 2.48 uc
US Dollar Index and World Currencies
Euro 1.3169 -.0059 Pound 1.5626 -.0058 Swiss Franc 1.0762 -.0067
Yen  1.2679 +.0007 Aussie 1.0693 -.0103 Canadian Dollar .99.33 -.0055
Dollar Index 79.22 +.57
World Debt markets
BWX (Intl Treas) 60.06 -.29 PCY (Emerg debt) 27.62 -.01 IBND (Intl Corp)32.82 -.20

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

Lumber 2-3 current trend up
Energy
Oil  2-8 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
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: Neutral
Emerging Debt: Up
World Bonds: Neutral
Oil: Up
Gold: Up
Silver: Down
Commodities: Down
China: Up
Brazil: Up
India: Down
Europe: Down

Trend changes today:

World Stocks: 
Currencies:,Oil down
Commodities:
World Debt