Commodities, Gold snap back.. Market closes in on high

Gold and commodities markets carried the market today as they rallied from their oversold condition.  defensive issues underperformed and look toppy.


Mikey

 

 

 DJI Trend Summary
  DJI Close 14700.80 +24.50

Long Term UP/ Intermediate UP/ Daily UP/Short Term up

Dollar Index 82.84 -.19
US Dollar Long Term/ Intermediate Term / Daily Trend / Short term
Hourly up 14642 4-23
Daily Uptrend: 13412 on 1-2 (78days)
Intermediate Uptrend: at 13412 on 1-2( 78 days)
Long Term Uptrend 11315 on 11-1-10  2 years + 5 months
IBD  MARKET confirmed correction 4-17 14618
Current Trading range   14539- 14826
Step Down trading Range 14050- 14539
Resistence: 14826
Support 1 14539 
Support 2 14344
Support 3 14036

Average watch
50 Hour Ave:14624 Price below
20 Day Ave:14653 Price below
50 Day Ave: 14409 Price above 
20 Week Ave: 14024 Price above
50 Week Ave: 13410 Price above
200 Week Ave: 11770 Price above

NYSE A/D +890 NASDAQ A/D +626
NYSE A/D line 95276 NASDAQ A/D line -5631
Put/Call  .80 10 day .99  Put Prem/Call Prem 1.05 10 day 1.06
% Stocks above 50 day average  56.31
CNN  Fear/Greed Index 54 neut (100 Greed to 0 Fear)
VIX 13.62 1 year range (27.73 to 11.05) Fear (25 high 11 low)
Bulls 44.3  (58.8 to 21.3) Bears 19.6 (54.4 to 15.6)  Ratio 2.26
Mutual Fund Pur/Redemp: 1.25 (.66 to 1.46) High public buy
New Highs NYSE 321 NASDAQ 172
New Lows  NYSE 11  NASDAQ 17


Notable  trend changes


Closing Prices
US Stock


DJI 14700.80 +24.50 DJT 6110.71 $+4.91 SPX 1585.16 +6.37
DJU 532.11 +.37 Compx 3289.99 +20.34
US Debt Markets
US Gov: 3 mo .058% 2 yr .238% 5 yr .711% 10 yr 1.71% 30 yr  2.91%
Mortgage Rates 30 year 3.54% 15 Yr 2.78%
IEF(2-10 year) 108.50 -.12 TLT (US 20 yr) 122.42 -.38
Muni Bonds 111.57 +.17 Cal Muni (NCA) 10.11 +.05
LQD (Inv Grade Corp) 121.89 -.07 High Yield 95.37 +.16


Commodities 
CRB Commodities Index 287.13 +4.23
Gold 1462 +38.50 Silver 24.14 +1.30
Copper 3.24 +.08 Platinum 1464.10 +33.80
Oil  93.64 +2.21 Gasoline 2.81 +.06 Nat Gas 4.17 -

Dollar Index 82.64 -.19
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/ Intermed/ 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 / Intermed/ Daily  / Short term
Stocks
US ($DJI)  Long Term/ Intermed 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/ Intermed Term/ Daily Trend/Short term
Japan (EWJ) Long Term/ Intermed Term/ Daily Trend/ Short term

Stocks I like 
Buy when Daily and Intermediate are green the short term turns green from
red or price TRADES DOWN the 50 day average THE FIRST TIME
Place stop @ -5% Sell 3 to 5 days after 20 day high or after stock double tops
(These are not reccomendations as I am not an analyst or financial planner
 
AAPL Long Term/ Intermediate Term/ Daily Trend/ Short term
ABX 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
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
BP  Long Term/ Intermediate Term/ Daily Trend/ Short term
BWLD  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
CRM Long Term/ Intermediate Term/ Daily Trend/ Short term
DAL  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
GG  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
HFC Long Term/ Intermediate Term/ Daily Trend/ Short term 
KORS 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
MELI 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
PAA  Long Term/ Intermediate Term/ Daily Trend/ Short term
PG  Long Term/ Intermediate Term/ Daily Trend/ Short term
PPP   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
SLB 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
Z  Long Term/ Intermediate Term/ Daily Trend/ Short term

Securities I like:  Long Term

SPXU (2X Short S & P) 4-14    26.48 Long  Int  Daily  Short
SJB (Short High Yield bonds) 4-14   30.92 Long  Int  Daily  Short
SEF (Short Financials) 4-14  24.90             Long  Int  Daily  Short
VIXY (Short term VIX futures) 4-14 9.91 Long  Int  Daily  Short
UNG ( Gas ETF) 4-14   23.10                    Long  Int  Daily  Short