Yesterday weak today strong

News Highlights


In an amazing twist of fate the economy suddenly turned positive 1 day after the CBO forecasted a weak 2012. That is the way they play you just to do what is necessary to move capital through the markets and keep the casino going. Yes, it is a casino a casino of the mind and one that is played out online without brokers but talking figure heads telling you about things that they can change at the drop of a hat just like today.  

This casino used to be run by the private sector and now it is being run by the government. Obama and the Central banks vs the Republicans and big business. They both have one aim and that is to steal from the treasury for their own good. The way to know that is to watch the national debt bolt by the trillions as the big corporations come in with their 4th year of great earnings. Meanwhile, the economy limps along at 2%.  I am talking about a 2% from a crashed economy and if you believe those numbers then you will believe anything.  

The Central banks ability to corner the markets in just about every sector points to that fact that capitalism is now socialized capitalism. The idea is that things are what we say they are and if you do not believe it then just look at the stock and bond markets. A government with out of control debt and 3% 30 year rates is nuts. A stock market that has doubled from it crash because of record corporate earnings is an indicator of where this debt is going.

The economy is in bad shape and is being held together by the smoke and mirrors of the Central banks and by the complicity of the politicians in large governments around the world. This game will go on as long as money is willing to come to the casino. Now think about the idea of having you retirement money is this. The problem is that because they have lowered interest rates on safe investments it is the only way to grow your assets. I say that putting you money in stocks and bonds with the la la level of prices now is suicide. 

The one world government uses money flow in and out of each sovereign bank to plug holes in the damn with out regard to the sovereignty of each country. They move money and run stories so that the casino can profit and make money off of the crisis that they created. The point is that it is out of control when the crooks are have no shame and that is where we are today.

What strikes me is that the biggest problem and the biggest crooks are the banks. The issue of putting anyone of these guys in jail never comes out of a politicians mouth. How about some politician comes up with a plan to forgive all credit card debt and close the banks that will not comply. That will get the economy going and won't cost the government a damn thing. Do you think the economy will explode????  Why not? They are doing it in Greece right now. The way things are being done today is disingenuous and dangerous and goverments are losing their legitimacy. ....end of rant

The numbers show that the all the longer Mikey numbers are getting fat. The Mikey10 is 126. Mikey20 is 166. Mikey50 is 140. These are numbers I see at tops. The top is complete when the sell signal is given. The sell signal usually needs to given twice before the top is confirmed. We are overbought and the shorts are dead.


Mikey


Key Indicators

Current trading range: 12280 -12750 DJI Close 12800
The Trends
Short term (50 hour) UP(1) ...signal 2-1 12700
Current trend (50 day) Up (42 days)...signal 12-2-11 12019
Intermediate trend (50 week) Up (10 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  (28 days) Market in confirmed uptrend 12103
Overbought/Oversold (+100 overbought/-100 oversold)
Volume(Millions) NYSE 887 NASDAQ 2.051B
Advance/Decline NYSE +1907 NASDAQ +1327 Mikey A/D line 45411
Mikey5 (+62)Neutral Mikey10 (+126)OB Mikey20 (+166) OB, Mikey50(+140) OB
% Stocks above 200 day ave 70% (above 50% uptrend)
Trader Psychology
Put/Call day .76, 10 day .82,  Put Premium .67 10 day .71,  
Bull/Bear Ratio 1.65 Bulls 48.9%, Bears 29.6%
Mutial Funds Buy/Redeem ratio 1.01
MACD  Daily (+152.86),Negative cross 1-30, Weekly (+238.16), Positive cross 10-24
VIX 18.55  VXZ 53.78 Mikey Fear 86 (80 Low 20 High) 

Averages (uptrend 20>50)
20 hour 12664 Rising/ Price below
50 hour 12679 Rising/Price below
20 day 12566 Rising/Price above
50 day 12195 Rising/ Price above
20 week 11954 Rising/ Price above
50 week 12025 Rising/ Price above
20 month 11772 Rising/Price above
50 month 10779 Flat/Price above

Closing Prices

US Stocks
DJIA 12716.46 +83.55 S/P 500 1324.09 +11.68 NYSE Comp 7931.45 +1.19 NASDAQ  2848.27 +34.43  DJT5343.10 23.96 DJU 450.91 +2.07
US Debt Markets
US Gov rates: 6 mo .0880%  2 yr .2224% 5 Yr .7312% 10 yr 1.84 30 yr 3.00
Ave Mtg rates : 30 Yr 3.88% 30 Yr Rifi 3.95% 15 Yr 3.19% 5/1 ARM 2.86
IEF (US 7-10 yr) 105.95 -.53 TLT (20 yr) 119.08 -1.77 
MUB (NatlMuni) 112.61 +.54  Cal Muni (NCA)9.75 +.10
BND Total Bond Index 83.78 -.29
Commodities
CRB Commodities Index 311.53 -.78
Gold 1749.50 +9.10  Silver 33.80 +.54  Copper 3.84 +.06 Platinum  Oil 98.48 +.70 RBOB 2.89 +.02  Nat Gas 2.39 -.11
US Dollar Index and World Currencies
Euro 1.3023 -.03 Pound 1.5694 +.0071 Swiss Franc 1.0782 +.0057
Yen  1.2909 -.0004 Aussie 1.0721 +.69   Dollar Index 79.03 -.41
World Debt markets
BWX (Intl Treas) 60.83 +.39 PCY (Emerg debt) 27.42 +.01  IBND (Intl Corp)32.77 +.14


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 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
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:
World Debt