Stocks rally again on agreement talks

The market rallied another 100 points on news of a possible agreement.  This makes the third such rally.  There are 22 days trading days left in the year at this rate they could conceivably have 22 more productive talks and the DJI could be at 15000.  Such is the reality of the stock market.  By the way the dollar sold off on the productive talks which of course drove the market higher.  The funny thing is that if the talks go bad the dollar rises and stocks drop. Buffett says that the deal will get done but not by the end of the year.  This gives them the ability to jerk us all around for at least another month.

It is obvious to me that there is a mechanism the banks use to manipulate stocks and commodities.  It has to do with currency exchange.  The process would be like pouring extra currency into the system in exchange for assets. Today I think it went a little haywire and they got an extra bang for the buck.

Gold and Silver and most commodities sold off the dollar also sold off and bonds and stocks rallied. This is only one day but it is something that is different from the usual.  Gold is now short term and daily sell.  Keep an eye on this one to see if it reversed today's action and turns up or condinues to trend lower.  Gold is at least for today a sell.

Mikey

DJI Trend Summary 
Daily Downtrend 13344 on 10-23 
Intermediate Downtrend  at 12932 on 11-7 12 days old
Long Term Uptrend 11315 on 11-1-10 2 years old
Last high 9-14 13653  Last Low  11-15 12471
20 day average rallies since downtrend began  1
50 day averge rallies since uptrend  began 0
IBD Market in confirmed uptrend 11-23-12  13009
 Long Term UP/ Intermediate Term down/ Daily Trend Down/Short Term up
DJI Close 12985.11 +106.98
Step up range: 13043 - 13344
Current trading range 12471- 12973
Step down support range 12000-12471

Average watch
50 Hour Ave: 12851 Price above
20 Day Ave: 12893 Price above
50 Day Ave: 13219 Price below (no long positions if this line is red)
20 Week Ave: 13176 Price below
50 Week Ave: 12931 Price above
200 Week Ave 10973 Price above


Overbought/Oversold Oscillator(Mikey reading) +150  to -150
Take profits  at +150 readings  buy or cover at -150 readings
3 day +16 N  7 day +173 OB 20 day +24 N  50 day -1
MACD Readings
MACD Crosses: Negative cross = consolidation/correction Positive cross=uptrend
Short term (50 hour) up (41 Hrs) signal 11-19
MACD Hourly +24.70
Daily trend (50 day) Down 24 days 10-23-12
MACD Daily -94.95 Positive Cross 11-23
Intermediate trend (50 week) Down (17 days).signal 11-7 12932
MACD Weekly (+38.30) Negative cross  10-23-12
Long term trend (200 week) Up (24 months)...signal 12/1/10 11577
MACD Monthly (+534.02) Negative Cross 11/8/12.


Volume Readings
Volume (Millions) NYSE 3276  NASDAQ 1677
Advance/Decline NYSE +1136 NASDAQ +563
Mikey NYSE A/D line +66029 Mikey NASDAQ A/D line -16243
Trader Psychology
Put/Call day .82 10 day .87 Put Prem/Call Prem  .89 10 day 1.17
Bull/Bear Ratio 1.42  Bulls 39.3 %, Bears 27.7%
Mutial Funds Buy/Redeem ratio 1.16
VIX 15.51 (20 high, 80 low)
New Highs NYSE 93  NASDAQ 36 New Lows NYSE 36 NASDAQ 32
% Stocks above 200 day ave 58% (above 50% intermediate term uptrend)
 
Closing Prices

US Stocks
DJIA 12985.11 +106.98 S/P 500 1409.93 +10.97 NASDAQ 299`1.78 +23.99
DJT5114.86 +37.79  DJU 447.67 +1.49
US Debt Markets
US Gov rates: 6 mo .1463% 2 yr .2657% 5 yr .6337% 10 yr 1.62% 30 yr  2.79
IEF (US 7-10 yr) 108.73 +.16 TLT (20 yr) 125.04 -.25 High Yield 92.50 +.02
MUB(NatMuni) 113.55 +.14 Cal Muni(NCA)10.25 -
BND Total Bnd Ind 84.95 +.05
Commodities 
CRB Commodities Index 296.70 -1.07
Gold  1715.50 -25.80 Silver 33.68 -.30
Copper 3.52 -.01 Platinum 1611.70 -6.80
Oil 86.49 -.72 RBOB 2.73 - Nat Gas 3.79 +.03
US Dollar Index and World Currencies
Euro 1.2860 +.0024 Pound 1.5847 +.0009  Swiss Franc 1.0581 +.0026
Yen .11968 +.0029 Aussie 1.0499 +.0044 Canadian Dollar  1.0024 +.0024
Dollar Index 80.29 -.13
 
All Market Trends:
(long positions only when Intermediate term and Daily Trend is green)
Commodities
Gold:      LongTerm/ 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 Trend
High Yield     Long Term/ Intermediate Term/ Daily Trend/ / Short term
Currencies
Aussie DollarLong 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
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