Oil trend turns down

News Highlights



Mikey


Key Indicators

Current trading range: 12280 -12750 DJI Close 12705
The Trends
Short term (50 hour) UP(2) ...signal 2-1 12700
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 (17 months)...signal 12/1/10 11577
IBD Current trend 12-20 Up  (29 days) Market in confirmed uptrend 12103
Overbought/Oversold (+100 overbought/-100 oversold)
Volume(Millions) NYSE 805 NASDAQ 1.842 B
Advance/Decline NYSE +406 NASDAQ +539 Mikey A/D line 45817
Mikey5 (+73)Neutral Mikey10 (+116)OB Mikey20 (+173) OB, Mikey50(+140) OB
% Stocks above 200 day ave 71% (above 50% uptrend)
Trader Psychology
Put/Call day .58, 10 day .81,  Put Premium .65 10 day .71,  
Bull/Bear Ratio 1.65 Bulls 48.9%, Bears 29.6%
Mutial Funds Buy/Redeem ratio 1.01
MACD  Daily (+152.89),Negative cross 1-30, Weekly (+237.41), Positive cross 10-24
VIX 17.98 VXZ 53.00 Mikey Fear 88 (80 Low 20 High) 

Averages (uptrend 20>50)
20 hour 12695 Rising/ Price above
50 hour 12685 Rising/Price above
20 day 12566 Rising/Price above
50 day 12195 Rising/ Price above
20 week 11954 Rising/ Price above
50 week 12051 Rising/ Price above
20 month 11771 Rising/Price above
50 month 10778 Flat/Price above

Closing Prices

US Stocks
DJIA 12705.41 -11.05 S/P 500 1325.54 +1.45 NYSE Comp 7945.43 +13.98  
NASDAQ  2589.65 +11.41 DJT 5305.66 -37.44 DJU 448.84 -1.07
US Debt Markets
US Gov rates: 6 mo .0966%  2 yr .2223% 5 Yr .7119% 10 yr 1.83 30 yr 3.01
Ave Mtg rates : 30 Yr 3.87% 30 Yr Rifi 3.94% 15 Yr 3.18% 5/1 ARM 2.85
IEF (US 7-10 yr) 119.05 -.12 TLT (20 yr) 119.05 -.12
MUB (NatlMuni) 113.19 +.58 Cal Muni (NCA)9.78 +.03
BND Total Bond Index 83.91 +.13

Commodities
CRB Commodities Index 310.90 -.63
Gold 1759.30 +9.80 Silver 34.18 +.34 Copper 3.78 -.06 Platinum 1629.90  
Oil 96.36 -2.12 RBOB 2.88 -.01 Nat Gas 2.55 +.16
US Dollar Index and World Currencies
Euro 130.91 -.0006  Pound 1.5674 -.0027 Swiss Franc 1.0754 -.0027
Yen  1.2907 uc Aussie 1.0711 +.0008 Dollar Index 79.11 +.08
World Debt markets
BWX (Intl Treas) 60.85 +.01  PCY (Emerg debt) 27.55 +.13 IBND (Intl Corp)32.74 -.03

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  2-2 current trend down
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
World Bonds: Neutral
US Stocks Up
Commodities: Down
Oil: Up
Gold: up
Silver: Down
Emerging Debt: Neutral
Emerging Markets: Down
World Stocks: Neutral

Trend changes today:
World Stocks: 
Currencies:,Oil down
Commodities:
World Debt