Rates starting to rise

The process is looking like the good old days when the rates ran up in response to higher commodity prices. They used to call them the bond vigilantes and they look like they are back from the bottle that the Fed put them in years ago. This, at some point, will be a plus for the dollar but for now the dollar is down and the Central banks look like they want to bailout Europe again for about the sixth time. I wonder how many time these racketeers can reload a dud.  There has to be a limit on this kind of thing but it is way past what I ever believed it could go.   The Fed is definitely letting rates seek a different level here and maybe the game will normalize somewhat.

Mikey

DJI Trends:
Daily Up 12822 on 7-20
Long Term UP/ Intermediate Term Up/ Daily Trend Up  /Short Term UP
DJI Close 13175.64 +7.04
Current trading range:12980 -13423 
Step up trading range  13423 - 14200
Step down support range 12500- 13030

Key Indicators

Averages
50 Hour Ave: 13078 Price above
20 Day Ave: 12901 Price above
50 Day Ave: 12715  Price above
20 Week Ave: 12837  Price above
50 Week Ave: 12413 Price above
50 Month Ave 10861 Price above

Overbought/Oversold readings (Mikey reading) +100  to -100
5 day +74  Nu   10 day Nu +100  20 day Nu +58  50 day OB -+115


MACD Readings

MACD Crosses: Negative cross = consolidation/correction Positive cross=uptrend
Short term (50 hour), up 29 Hrs) signal 8-3
MACD Hourly +31.95 , 8-8 Negative cross
Daily trend (50 day) Up 19 days 7-17 12805
MACD Daily +115.42  Positive cross 7-27 12775
Intermediate trend (50 week) Up (9 weeks).signal 6-1 12118
MACD Weekly (+136.09), Positive cross  7-30
Long term trend (50 month) Up (21 months)...signal 12/1/10 11577
MACD Monthly (+558 ) Positive Cross 9-1-09

IBD:Market in Confirmed Uptrend 7-26 12887

Volume Readings
Volume (Millions) NYSE 3166 NASDAQ 1843
Advance/Decline NYSE +62 NASDAQ -305.
Mikey NYSE A/D line +56913( new high)  Mikey NASDAQ A/D line -14929
Trader Psychology
Put/Call day .68 10 day .79  Put Prem/Call Prem  .72 10 day .93
Bull/Bear Ratio 1.71 Bulls 43.6%, Bears 25.5%
Mutial Funds Buy/Redeem ratio 1.08
VIX 15.32 VXZ 40.29 Trin  .69 5 day ave  1.12 Mikey Fear 99  (80 Low 20 High)
New Highs NYSE 147  NASDAQ 67  New Lows NYSE 17 NASDAQ 35
% Stocks above 200 day ave 63% (above 50% uptrend)

Closing Prices

US Stocks
DJIA 13175.64 +7.04  S/P 500 1402.22 +.87 NASDAQ 3011.25 -4.61
DJT 5075.57 -16.87   DJU 483.13 -.97(trend neutral)
US Debt Markets
US Gov rates: 6 mo .1450% 2 yr .2758% 5 Yr .7274% 10 yr 1.65% 30 yr 2.75%
Ave Mtg rates : 30 Yr 3.55% 15 Yr 2.96% 5/1 ARM 2.99
IEF (US 7-10 yr) 107.79 -.12 TLT (20 yr) 125.07 -.76  High Yield 91.62 +.16
MUB (NatlMuni) 111.40 +.08 Cal Muni (NCA)10.69 +.03  BND Total Bond Index 84.63 -.02
Commodities
CRB Commodities Index 304.32 +.45
Gold 1612.90 +3.20 Silver 28.08 -- Copper 3.42 -.02 Platinum 1410.20 -.70   
Oil 93.67 +.32 RBOB 2.93 -.02 Nat Gas 2.93 -.02
US Dollar Index and World Currencies
Euro 1.2393 +.0072 Pound 1.5480 +.0024 Swiss Franc 1.0166 -.0002
 Yen 1.2493 -.0066 Aussie 1.0552 -.0022 Canadian Dollar .9977+.0027  
Dollar Index 82.42 +.17

All Market Trends:

Commodities
Gold:                    Long Term/ Intermediate Term  Daily Trend// Short term
Silver:                  Long Term / Intermediate Term/ Daily Trend / Short term
Copper:                Long Term/ Intermediate Term/ Daily Trend / Short term
Oil:                       Long Term/ Intermediate Term/ Daily Trend / Short term
Gasoline              Long Term/ Intermediate Term/ Daily Trend/  Short term
Nat Gas:              Long Term/ Intermediate Term/ Daily Trend / Short term
CRB                     Long Term/ Intermediate Term/ Daily Trend / Short term

Bond Markets
US Bonds LT       Long Term/ Intermediate Term/ Daily Trend/ / Short term
Intl  Treas             Long Term/ Intermediate Term/ Daily Trend/ / Short term
Intl Corp               Long Term/ Intermediate Term/ Daily Trend/ / Short term
US Muni               Long Term/ Intermediate Term/ Daily Trend/ / Short term
High Yield             Long Term/ Intermediate Term/ Daily Trend/ / Short term

Currencies
Aussie  Dollar        Long Term/ Intermediate Term/ Daily Trend/ / Short term
Brit PD                  Long Term/ Intermediate Term/ Daily Trend / Short term
Euro                      Long Term/ Intermediate Term/ Daily Trend   Short term
Yen                       Long Term/ Intermediate Term/Daily Trend//  Short term
Swiss                     Long Term/ Intermediate Term/ Daily Trend / Short term
Can Dollar             Long Term/  Intermediate Term Daily Trend/  Short term
US Dollar              Long Term/ Intermediate Term/ Daily Trend / Short term

Stocks
US                       Long Term/ Intermediate Term/ Daily Trend/ / Short term
Europe                 Long Term/ Intermediate Term/ Daily Trend/ / Short term
Germany             Long Term/ Intermediate Term/ Daily Trend/ / Short term
China                  Long Term/ Intermediate Term/ Daily Trend/ / Short term
Brazil                  Long Term/ Intermediate Term/ Daily Trend/ / Short term
India                   Long Term/ Intermediate Term/ Daily Trend/ / Short term
Emerg Mkts        Long Term/ Intermediate Term/ Daily Trend/ / Short term
Japan                  Long Term/ Intermediate Term/ Daily Trend/ / Short term