The public is starting to buy this rally

News Highlights


Mutial fund Purchase/Redemptions hit a 1 year high with 1.23 purchases to redemptions. This is capitulation to the price move that started in 2009. They sold the lows and are now coming back.

In other news, consumer debt is negative for the last year and  personal incomes are falling for the last year. Consumer debt spiked 25 billion in November and December of last year. This all at the heals of what is a better than expected economy.  Maybe they should say better than expected borrowing.

In the, we can move prices anywhere we want catagory, California muni bonds hit a 5 year high today. In the gimme me a break dept, gasoline dropped .03 today.  Stocks had 2 net advances on the NYSE and Gold was down 1.50.  All in all a very nothing day. Stock trends remain up with transports (airlines) and utilties lagging.

Mikey

Key Indicators

Current trading range: 12500 -13000 DJI Close 12981
MACD Crosses: Negative cross =consolidation/correction Positive cross=uptrend
Short term (50 hour) Up (46 Hr) ...signal 2-16 12850 
MACD  Hourly (+14.04)
Current trend (50 day) Up (60 days)...signal 12-2-11 12019
MACD Daily (+125.71),Negative cross 2-13
Intermediate trend (50 week) Up (13 weeks)...signal 12-19-11 12294
MACD Weekly (+328.24), Positive cross
Long term trend (50 month) Up (16 months)...signal 12/1/10 11577
MACD Monthly (+503.13) Positive Cross 9/1/09
IBD Current trend 12-20 Up  (47 days) Market in confirmed uptrend 12103
Volume(Millions) NYSE 731 NASDAQ 1711
Advance/Decline NYSE +2 NASDAQ -222 Mikey A/D line 49655
New Highs NYSE 146 NASDAQ 91 New Lows NYSE 5 NASDAQ 21
Overbought/Oversold (+100 overbought/-100 oversold)
Mikey5 +23 Neutral, Mikey10 +66 Neutral, Mikey20 +84 Neutral, Mikey50 +215 OB
% Stocks above 200 day ave 78% (above 50% uptrend)
Trader Psychology
Put/Call day .76, 10 day .77,  Put Premium .69 10 day .62,  
Bull/Bear Ratio 1.92 Bulls 51.1%, Bears 26.6%
Mutial Funds Buy/Redeem ratio 1.23
VIX 18.19 VXZ 56.49 Mikey Fear 87 (80 Low 20 High) 

Averages (uptrend 20>50)
20 hour 12984 Rising/ Price above
50 hour 12950 Rising/Price above
20 day 12872 Rising/Price above
50 day 12578 Rising/ Price above
20 week 12326 Rising/ Price above
50 week 12098 Rising/ Price above
20 month 11785 Rising/Price above
50 month 10784 Flat/Price above

Closing Prices

US Stocks
DJIA 12981.51 -1.44  S/P 500 1367.59 +1.85  NYSE Comp 8143.56 -8.41 NASDAQ  2966.16 +2.41 DJT 5171.08 +31.94 DJU 452.76 -.58
US Debt Markets
US Gov rates: 6 mo .1471%  2 yr .2892% 5 Yr .8526% 10 yr 1.93 30 yr 3.05
Ave Mtg rates : 30 Yr 3.87% 30 Yr Rifi 3.94% 15 Yr 3.16% 5/1 ARM 2.82
IEF (US 7-10 yr) 105.49 +.35 TLT (20 yr) 118.50 +1.00
MUB (NatlMuni) 110.25 -.15  Cal Muni (NCA)10.15 +.18
BND Total Bond Index 83.99 +.15
Commodities
CRB Commodities Index 325.09   
Gold 1774.90 -1.50  Silver 35.51 +.17 Copper 3.87 +.01 Platinum 1714.30 -.80
Oil 108.56 -1.21 RBOB 3.12 -.03 Nat Gas 2.60 +.05
US Dollar Index and World Currencies
Euro 1.3340 -.0067 Pound 1.5687 -.0078 Swiss Franc 1.0971 -.0062
Yen  1.2213 +.0064 Aussie 1.0780 +.0066 Canadian Dollar .9953 +.0007
Dollar Index 78.43 +.03
World Debt markets
BWX (Intl Treas) 60.50 -.03 PCY (Emerg debt) 27.97 +.05 IBND (Intl Corp)38.54 -.04


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 neutral
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: Up
World Bonds: Neutral
Oil: Up
Gold: Up
Silver: Up
Commodities: Up
China: Up
Brazil: Up
India: Up
Europe: Up