The Fed says nothing. Bonds and Gold do the talking

News Highlights


The Fed spit out the same old spiel. Will keep rates low blah blah blah. The bond market took a nose dive along with Gold. The dollar rallied to close above the 50 day average. It is too early to say the dollar has turned up and Gold down. Stocks closed at new recovery highs and broke above the 13000 top end of the range to close at 13177.

The DJI has managed to close at May 2008 levels which is a mind blower to me. In the years that I have watched the markets this one takes the cake. This is under the category of making chicken salad out of chicken xxxx. The trend is still up but bonds are now down and Gold may be on the verge of reversing lower. This would be an interesting development because it could signal the end of the commodities bull market. I believe that this is the case because I think that the world economy is on the verge of falling. The trend, however, in China, Brazil, Gold and the commodities does not confirm this. Until they do, I have no leg to stand on.

Mikey

Key Indicators

Current trading range: 12750 -13180 DJI Close 13177.68 +217.97 (new high)
MACD Crosses: Negative cross =consolidation/correction Positive cross=uptrend
Short term (50 hour) UP (19 Hr) ...signal 3-9 12961 
MACD  Hourly +55.49
Current trend (50 day) Up (71 days)...signal 12-2-11 12019
MACD Daily (+78.07 ),Negative cross 2-13
Intermediate trend (50 week) Up (15 weeks)...signal 12-5-11 12294
MACD Weekly (+347.38 ), Positive cross 10-24-11 
Long term trend (50 month) Up (16 months)...signal 12/1/10 11577
MACD Monthly (+552.62) Positive Cross 9-1-09
IBD Current trend 12-20 Up  (58 days) Market in confirmed uptrend 12103
Volume(Millions) NYSE 901 NASDAQ 1646
Advance/Decline NYSE +1887 NASDAQ +1410
Mikey A/D line 51786  Mikey NASDAQ A/D line -4580
New Highs NYSE 200 NASDAQ 173 New Lows NYSE 8 NASDAQ 19
Overbought/Oversold (+100 overbought/-100 oversold)
Mikey5 +158 OB, Mikey10 +41 Neutral, Mikey20 +54 Neutral, Mikey50 +195 OB
% Stocks above 200 day ave 79% (above 50% uptrend)
Trader Psychology
Put/Call day .73, 10 day .82,  Put Premium .67 10 day .69,  
Bull/Bear Ratio 1.76 Bulls 47.9%, Bears 26.6%
Mutial Funds Buy/Redeem ratio 1.18
VIX 14.80  VXZ 51.42 Mikey Fear 101 (80 Low 20 High) 

Averages (uptrend 20>50)
20 hour 12990 Rising/ Price above
50 hour 12915 Flat/Price above
20 day 12940 Rising/Price above
50 day 12750 Rising /Price above
20 week 12429 Rising/ Price above
50 week 12128 Rising/ Price above
20 month 11919 Rising/Price above
50 month 10794 Rising/Price above

Closing Prices

US Stocks
DJIA 13177.68 +217.97 S/P 500  1395.95 +24.86  NYSE Comp 8234.47 +148.19
NASDAQ  3039.88 +56.22 DJT 5254.500 110.22 DJU 461.18 +1.26
US Debt Markets
US Gov rates: 6 mo .1522%  2 yr .3420% 5 Yr .9833% 10 yr 2.13 30 yr 3.27
Ave Mtg rates : 30 Yr 3.85% 30 Yr Rifi 3.92% 15 Yr 3.13% 5/1 ARM 2.70
IEF (US 7-10 yr) 103.88 -.76 TLT (20 yr) 113.91
Preferred stocks 39.14 +.06 High Yield 91.36 +.66
MUB (NatlMuni) 109.40 -.24 Cal Muni (NCA)9.93 -.05
BND Total Bond Index 83.33 -.25
Commodities
CRB Commodities Index 318.07 +2.08
Gold 1675.60 -24.20  Silver 33.37 -.04 Copper 3.89 +.05 Platinum 1696.60 +1.10
Oil 106.71 +.37 RBOB 3.36 +.04 Nat Gas 2.30 +.04
US Dollar Index and World Currencies
Euro 1.3017 -.0074 Pound 1.5561 +.0058 Swiss Franc 1.0681 -.0082
Yen  1.1866 -.0098 Aussie 1.0560 +.0042  Canadian Dollar 1.0054 +.0040
Dollar Index 80.26 +.35
World Debt markets
BWX (Intl Treas) 59.41 -.24 PCY (Emerg debt) 28.53 +.11 IBND (Intl Corp)33.27 -.16



All Markets Current Trends 

US SECTORS
(Green up Red down White neutral)
Utilities  Energy  Materials  Tech   Healthcare
Retail   Housing  Consumer Discrestionary   Consumer Staples

Airline    Metals and Mining    Financial

World debt markets
US Bonds: 3-7  current trend down
US Natl Muni Markets:: 3-5 current trend down
Emerging Markets Debt: 1-26 current trend up
Intl Corp Bonds 3-5 current trend neutral

Intl Treas Bonds 3-5 current trend down
US High Yield 3-5 current trend up
US Preferred Stocks 11-30 current trend up
Currencies markets

US Dollar Index 3-13 current trend neutral
Aussie Dollar 3-5 current trend neutral
Euro 3-5 current trend neutral
Brit Pd 1-26 current trend neutrall
Swiss Franc: 1-27 current trend neutral
Jap Yen 2-14 current trend down
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: .3-5 current trend neutral
Silver: 3-5  current trend upl
Copper3-8 current trend up
Platinum 3-8  current trend up
Palladium 3-5 current trend upl
Agg, Fiber, Wood
Grains 1-24   Current trend up
Cotton 2-14 current trend downl

Livestock 3-5 current trend down
Coffee 2-7 current trend down
Sugar 3-8 Current trend neutral
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 3-5 current trend up
China: 3-12 current trend up
Brazil 3-12 current trend up
Japan 1-18 current trend up
Russia 1-18  current trend upl
India 3-8 current trend up
Total world markets 1-17 current trend up

Intermediate Term Trends
Dollar:Up    US Bonds: Up   Gold: Neutral    Silver: Down   Copper Neutral
Oil: Up   Commodities: Neutral  
International Corporate debt  Down    International Treasuries Down   Emerging Debt: Up
Emerging Markets: Up    Total World Stocks: UP
Europe: Neutral   Brazil: Up   Russia  Neutral   India: Neutral  China: Up   Japan Up