I have been writing about this move for the past week. The close above the 50 day will send the bears back into the forest and clears the way for the next leg of the decline. Stay tuned for the sell signal but until then we will give the upside some room. The downside signal will be 14844.
Mikey
DJI Close 152135.84 +147.28
DJI Trend Summary
Long Term UP/ Intermediate UP/ Daily down/Short Term NEUT
Hourly up 6-27 14928
Daily uptrend 14978 on 7-5 1 trading days
Intermediate Uptrend: at 13412 on 1-2 ( 125 trading days)
Long Term Uptrend 11315 on 11-1-10 2 years + 8 months
IBD confirmed downtrend 6-20 14758
Current Trading range 14444 -15542
Step Down trading Range 14050 - 14444
Resistence: 15542
Resistance 15180
Resistance 14844
Support 14400
Long Term UP/ Intermediate UP/ Daily down/Short Term NEUT
Hourly up 6-27 14928
Daily uptrend 14978 on 7-5 1 trading days
Intermediate Uptrend: at 13412 on 1-2 ( 125 trading days)
Long Term Uptrend 11315 on 11-1-10 2 years + 8 months
IBD confirmed downtrend 6-20 14758
Current Trading range 14444 -15542
Step Down trading Range 14050 - 14444
Resistence: 15542
Resistance 15180
Resistance 14844
Support 14400
Average watch
50 Hour Ave: 14978 price above
20 Day Ave: 15008 Price above
20 Day Ave: 15008 Price above
50 Day Ave: 15069 Price above
200 Day Ave: 14034 Price above
200 Day Ave: 14034 Price above
20 Week Ave: 14783 Price above
50 Week Ave: 13905 Price above
200 Week Ave: 12072 Price above
50 Month Ave: 11959 Price above
Indicators
NYSE A/D +399 NASDAQ A/D +1153
NYSE A/D line 96873 NASDAQ A/D line +1473
Put/Call .86 10 day .94 Put Prem/Call Prem 1.03 10 day 1.13
% Stocks above 50 day average 60
CNN Fear/Greed Index 40 fear (100 Greed to 0 Fear)
Mikey 3 day -37 7 day +119 20 day +18 50 day +34
200 Week Ave: 12072 Price above
50 Month Ave: 11959 Price above
Indicators
NYSE A/D +399 NASDAQ A/D +1153
NYSE A/D line 96873 NASDAQ A/D line +1473
Put/Call .86 10 day .94 Put Prem/Call Prem 1.03 10 day 1.13
% Stocks above 50 day average 60
CNN Fear/Greed Index 40 fear (100 Greed to 0 Fear)
Mikey 3 day -37 7 day +119 20 day +18 50 day +34
Mikey total OB/OS Oscillator Range (+550 to -550) +135
Bulls 43.8 (58.8 to 21.3) Bears 20.8 (54.4 to 15.6) Ratio 2.10
Mutual Fund Purch/Redemp: 1.13 (.66 to 1.46) High public buy
DJI PE ratio 16.1 DJI Price/Book 3.67 (1.27 to 4.13)
DJI Dividend Yield 2.46 (2.38 to 4.45)
NYSE Vol (in Millions) 2580 NASDAQ Vol 1230
New Highs NYSE 208 NASDAQ 85
Bulls 43.8 (58.8 to 21.3) Bears 20.8 (54.4 to 15.6) Ratio 2.10
Mutual Fund Purch/Redemp: 1.13 (.66 to 1.46) High public buy
DJI PE ratio 16.1 DJI Price/Book 3.67 (1.27 to 4.13)
DJI Dividend Yield 2.46 (2.38 to 4.45)
NYSE Vol (in Millions) 2580 NASDAQ Vol 1230
New Highs NYSE 208 NASDAQ 85
New Lows NYSE 85 NASDAQ 29
Closing Prices
Closing Prices
- US Stock
DJI 15135.84 +147.29 DJT 6289.96 +95.22 SPX 1631.89 +16.48
DJU 476.94 -2.20 NASDAQ 3479.38 +35.71
US Debt Markets
US Gov: 3 mo .046% 2 yr .399% 5 yr 1.61% 10 yr 2.74% 30 yr 3.71%
Mortgage Rates 30 year 4.64% 15 Yr 3.68%
Yield: Investment grade 3.35 High Yield 6.60
IEF(2-10 year) 100.39 -1.85 TLT (US 20 yr) 106.20 -3.81
Muni Bonds 103.42 -1.62 Cal Muni (NCA) 9.20 -.13Yield: Investment grade 3.35 High Yield 6.60
IEF(2-10 year) 100.39 -1.85 TLT (US 20 yr) 106.20 -3.81
LQD (Inv Grade Corp) 112.17 -1.44 High Yield 89.85 -.97
Commodities
CRB Commodities Index 280.72 -1.07
Gold 1212.70 -39.20 Silver 18.74 -.96
Copper 3.06 -.11 Platinum 1326.40 -20.40
Oil 103.22 +1.98 Gasoline 2.90 +.06 Nat Gas 3.62 -.07
Dollar Index 84.69 +1.24
Copper 3.06 -.11 Platinum 1326.40 -20.40
Oil 103.22 +1.98 Gasoline 2.90 +.06 Nat Gas 3.62 -.07
Dollar Index 84.69 +1.24
US Dollar Long Term/ Intermediate Term / Daily Trend / Short term
All Market Trends:
Commodities
Gold: (GLD) Long/ Intermediate Daily / Short term
Silver: (SLV) Long / Intermediate / Daily / Short term
Copper:(JCC) Long / Intermediate / Daily / Short term
Oil: (USO) Long / Intermediate / Daily/ Short term
Gasoline (UGA) Long/ Intermediate / Daily/Short term
Nat Gas:(UNG)Long Term/ Intermediate/ Daily/ Short term
Commod (USCI) Long Term/ Intermediate / Daily / Short term
Bond Markets
US Bonds LT (TLT) Long Term/ Intermed/ Daily/ Short term
US Corp BBB (LQD) Long Term/ intermediate/Daily/ Short term
US Muni (MUB) Long Term Intermed/ Daily/ Short Trend
US Corp BBB (LQD) Long Term/ intermediate/Daily/ Short term
US Muni (MUB) Long Term Intermed/ Daily/ Short Trend
High Yield (HYG) Long Term/Intermed/ Daily/ Short term
Utility stocks (XLU):Long Term/ Intermed/ Daily / Short term
Utility stocks (XLU):Long Term/ Intermed/ Daily / Short term
Stocks
US ($DJI) Long Term/Interrmed Term/ Daily Trend/ Short term
US ($DJI) Long Term/Interrmed Term/ Daily Trend/ Short term
Europe(IEV) Long Term/ Intermediate Term/ Daily Trend/ Short term
China (FXI) Long Term/ intermed Term/ Daily Trend/ Short term
Brazil EWZ) Long Term/ Intermediate Term/ Daily Trend/ Short term
India (PIN) Long Term/ Intermediate Term/ Daily Trend/ Short term
Emerg Mkt(EEM) Long Term/ Interm Term/ Daily Trend/Short term
Japan (EWJ) Long Term/ In termed Term/ Daily Trend/ Short term
Stocks I like
These are not recommendations as I am not an analyst or financial planner
Stocks I like
These are not recommendations as I am not an analyst or financial planner
Buy Signal = Daily and Intermediate green, short term turns green
IF Long and Intermediate are green buy sell off to 50 day average
Buy Put 5% out of the money with less than 1 month to expiration
or place stop 5% below purchase price
Sell = price returns to pre selloff highs
Buy Put 5% out of the money with less than 1 month to expiration
or place stop 5% below purchase price
Sell = price returns to pre selloff highs
AAPL Long Term/ Intermediate Term/ Daily Trend/ Short term
AET Long Term/ Intermediate Term / Daily Trend/ Short term
AGU Long Term/ Intermediate Term/ Daily Trend/ Short term
AMZN Long Term/ Intermediate Term / Daily Trend/ Short term
AET Long Term/ Intermediate Term / Daily Trend/ Short term
AGU Long Term/ Intermediate Term/ Daily Trend/ Short term
AMZN Long Term/ Intermediate Term / Daily Trend/ Short term
APA Long Term/ Intermediate Term/ Daily Trend Short term
APC Long Term/ Intermediate Term/ Daily Trend/ Short term
APC Long Term/ Intermediate Term/ Daily Trend/ Short term
ATHN Long Term/ Intermediate Term/ Daily Trend/ Short term
AUY Long Term/ Intermediate Term/ Daily Trend/ Short term
AXP Long Term/ Intermediate Term/ Daily Trend/ Short term
BOFI Long Term/ Intermediate Term/ Daily Trend/ Short term
BP Long Term/ Intermediate Term/ Daily Trend/ Short term
BWLD Long Term/ Intermediate Term/ Daily Trend/ Short term
CAT Long Term/ Intermediate Term/ Daily Trend/ Short term
AXP Long Term/ Intermediate Term/ Daily Trend/ Short term
BOFI Long Term/ Intermediate Term/ Daily Trend/ Short term
BP Long Term/ Intermediate Term/ Daily Trend/ Short term
BWLD Long Term/ Intermediate Term/ Daily Trend/ Short term
CAT Long Term/ Intermediate Term/ Daily Trend/ Short term
CLNE Long Term/ Intermediate Term/ Daily Trend/ Short term
COG Long Term/ Intermediate Term/ Daily Trend/ Short term
COP Long Term/ Intermediate Term/ Daily Trend/Short term
COST Long Term/ Intermediate Term/ Daily Trend Short term
COP Long Term/ Intermediate Term/ Daily Trend/Short term
COST Long Term/ Intermediate Term/ Daily Trend Short term
CRM Long Term/ Intermediate Term/ Daily Trend/ Short term
DAL Long Term/ Intermediate Term/ Daily Trend Short term
DDD Long Term/ Intermediate Term/ Daily Trend Short term
DISCK Long Term/ Intermediate Term/ Daily Trend Short term
ELLI Long Term/ Intermediate Term/ Daily Trend/ Short term
DAL Long Term/ Intermediate Term/ Daily Trend Short term
DDD Long Term/ Intermediate Term/ Daily Trend Short term
DISCK Long Term/ Intermediate Term/ Daily Trend Short term
ELLI Long Term/ Intermediate Term/ Daily Trend/ Short term
FB Long Term/ Intermediate Term/ Daily Trend/ Short term
FDX Long Term/ Intermediate Term/ Daily Trend/ Short term
GILD Long Term/ Intermediate Term/ Daily Trend/ Short term
GLW Long Term/ Intermediate Term/ Daily Trend/ Short term
FDX Long Term/ Intermediate Term/ Daily Trend/ Short term
GILD Long Term/ Intermediate Term/ Daily Trend/ Short term
GLW Long Term/ Intermediate Term/ Daily Trend/ Short term
GMCR Long Term/ Intermediate Term/ Daily Trend/ Short term
GOOG Long Term/ Intermediate Term/ Daily Trend/ Short term
HAL Long Term/ Intermediate Term/ Daily Trend/ Short term
HD Long Term/ Intermediate Term/ Daily Trend/ Short term
HEI Long Term/ Intermediate Term/ Daily Trend Short term
HFC Long Term/ Intermediate Term/ Daily Trend/ Short term
IT Long Term/ Intermediate Term/ Daily Trend Short term
GOOG Long Term/ Intermediate Term/ Daily Trend/ Short term
HAL Long Term/ Intermediate Term/ Daily Trend/ Short term
HD Long Term/ Intermediate Term/ Daily Trend/ Short term
HEI Long Term/ Intermediate Term/ Daily Trend Short term
HFC Long Term/ Intermediate Term/ Daily Trend/ Short term
IT Long Term/ Intermediate Term/ Daily Trend Short term
KORS Long Term/ Intermediate Term/ Daily Trend/ Short term
KMX Long Term/ Intermediate Term/ Daily Trend Short term
LCC Long Term/ Intermediate Term/ Daily Trend/ Short term
KMX Long Term/ Intermediate Term/ Daily Trend Short term
LCC Long Term/ Intermediate Term/ Daily Trend/ Short term
LNKD Long Term/ Intermediate Term/ Daily Trend/ Short term
LEN Long Term/ Intermediate Term/ Daily Trend/ Short term
MCD Long Term/ Intermediate Term/ Daily Trend / Short term
LEN Long Term/ Intermediate Term/ Daily Trend/ Short term
MCD Long Term/ Intermediate Term/ Daily Trend / Short term
MELI Long Term/ Intermediate Term/ Daily Trend/ Short term
NOV Long Term/ Intermediate Term/ Daily Trend/ Short term
NOV Long Term/ Intermediate Term/ Daily Trend/ Short term
ORB Long Term/ Intermediate Term/ Daily Trend/ Short term
P Long Term/ Intermediate Term/ Daily Trend/ Short term
P Long Term/ Intermediate Term/ Daily Trend/ Short term
PAA Long Term/ Intermediate Term/ Daily Trend/ Short term
PG Long Term/ Intermediate Term/ Daily Trend/ Short term
QCOM Long Term/ Intermediate Term/ Daily Trend/ Short term
PG Long Term/ Intermediate Term/ Daily Trend/ Short term
QCOM Long Term/ Intermediate Term/ Daily Trend/ Short term
RAX Long Term/ Intermediate Term/ Daily Trend/ Short term
SBUX Long Term/ Intermediate Term/ Daily Trend / Short term
SLB Long Term/ Intermediate Term/ Daily Trend/ Short term
TM Long Term/ Intermediate Term/ Daily Trend/ Short term
WAG Long Term/ Intermediate Term/ Daily Trend/ Short term
WFM Long Term/ Intermediate Term/ Daily Trend/ Short term
XONE Long Term/ Intermediate Term/ Daily Trend/ Short term
Z Long Term/ Intermediate Term/ Daily Trend/ Short term
Short ETF's
SBUX Long Term/ Intermediate Term/ Daily Trend / Short term
SLB Long Term/ Intermediate Term/ Daily Trend/ Short term
TM Long Term/ Intermediate Term/ Daily Trend/ Short term
WAG Long Term/ Intermediate Term/ Daily Trend/ Short term
WFM Long Term/ Intermediate Term/ Daily Trend/ Short term
XONE Long Term/ Intermediate Term/ Daily Trend/ Short term
Z Long Term/ Intermediate Term/ Daily Trend/ Short term
Short ETF's
SJB (Short High Yield bonds) Long / Intermediate / Daily/ Short
TBT (2X Short 20+Year GOV) Long / Intermediate / Daily / Short
VIXY (Short term VIX futures) Long /Intermediate / Daily/ Short
FXP (2X Short China) Long / Intermediate / Daily / Short
SEF (Short Financial Index) Long / Intermediate / Daily / Short
DOG (Short DJI) Long / Intermediate / Daily / Short
SCO (2X Short Oil) Long / Intermediate / Daily / Short
DUG (2X Short Oil Stocks) Long / Intermediate / Daily / Short
SMN (2X Sort Basic Materials) Long / Intermediate / Daily / Short
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