No follow through

News Highlights


Yesterdays dollar rally and asset sell off stalled today. Trends still remain up

Mikey

Key Indicators

Current trading range: 12500 -13027 DJI Close 12980
MACD Crosses: Negative cross =consolidation/correction Positive cross=uptrend
Short term (50 hour) Up (67 Hr) ...signal 2-16 12850 
MACD  Hourly (+3.15)
Current trend (50 day) Up (63 days)...signal 12-2-11 12019
MACD Daily (+116.05),Negative cross 2-13
Intermediate trend (50 week) Up (13 weeks)...signal 12-19-11 12294
MACD Weekly (+328), Positive cross 10-24-11 
Long term trend (50 month) Up (16 months)...signal 12/1/10 11577
MACD Monthly (+536.85) Positive Cross 9-1-09
IBD Current trend 12-20 Up  (50 days) Market in confirmed uptrend 12103
Volume(Millions) NYSE 811 NASDAQ 1845
Advance/Decline NYSE +1026 NASDAQ +327 Mikey A/D line 49827
New Highs NYSE 208 NASDAQ 110 New Lows NYSE 10 NASDAQ 35
Overbought/Oversold (+100 overbought/-100 oversold)
Mikey5 +11 Neutral, Mikey10 +61 Neutral, Mikey20 +63 Neutral, Mikey50 +215 OB
% Stocks above 200 day ave 77% (above 50% uptrend)
Trader Psychology
Put/Call day .83, 10 day .82,  Put Premium .70 10 day .63,  
Bull/Bear Ratio 2.00 Bulls 51.1%, Bears 25.5%
Mutial Funds Buy/Redeem ratio 1.23
VIX 17.26 VXZ 54.06 Mikey Fear 91 (80 Low 20 High) 

Averages (uptrend 20>50)
20 hour 12995 Rising/ Price above
50 hour 12981 Rising/Price above
20 day 12902 Rising/Price above
50 day 12623 Rising/ Price above
20 week 12326 Rising/ Price above
50 week 12098 Rising/ Price above
20 month 11909 Rising/Price above
50 month 10790 Rising/Price above

Closing Prices

US Stocks
DJIA 12980+28.30 S/P 500 1374.09 +8.41 NYSE Comp 8175.10
NASDAQ  2988.97 +22.08 DJT 5211.48 +58.32 DJU 453.20 +1.66
US Debt Markets
US Gov rates: 6 mo .1268%  2 yr .2894% 5 Yr .8942% 10 yr 2.0330 yr 3.15
Ave Mtg rates : 30 Yr 3.88% 30 Yr Rifi 3.94 % 15 Yr 3.15% 5/1 ARM 2.83
IEF (US 7-10 yr) 104.61 -.51  TLT (20 yr) 116.05 -1.38
MUB (NatlMuni) 110.20 -.39  Cal Muni (NCA)10.19 +.06
BND Total Bond Index 83.67 -.33
Commodities
CRB Commodities Index 324.32 +1.89
Gold 1722.20 +10.90 Silver 35.65 +1.00 Copper 3.93 +.06 Platinum 1701.10 +9.50
Oil 108.84 +1.77 RBOB 3.34 +.08 Nat Gas 2.46 -.15
US Dollar Index and World Currencies
Euro 1.3248 -.0014 Pound 1.5815 +.0041 Swiss Franc 1.0890 -.0022
Yen  1.2129 +.0026 Aussie 1.0813 +.0057 Canadian Dollar 1.0087 +.0005
Dollar Index 78.83 +.07
World Debt markets
BWX (Intl Treas) 60.47 -.03 PCY (Emerg debt) 28.17 +.10 IBND (Intl Corp)33.48 uc



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