Friday, August 28, 2015

WEEKLY WRAP UP FOR 8/28/2015

 (Double click on charts for larger view)

The main men, the $NYAD, was the only "Breath" indicator to trigger a buy signal today, there are, howeever, other things that gave buy signals.


The $NYHL is on it's longest sell signal since 2011, and is not even CLOSE to giving a buy signal.


Sameo sameo for the $NYSI, but at least it tried to hook higher on Friday.


Here's a candleglance for 12 important markets, the TLT is the ONLY one that is on a Silver Cross, 20 sma above 50 sma, one chart I kind of like is the dollar, $USD, that is one terrific looking "BEAR FLAG", with an easy STOP area, which is right above the compressed 20-50 sma's just above.


This is a chart that has been making the rounds for a while, but I think it's worth mentioning, it's a monthly chart of the $SPX with an MACD, the last times it made such a major SELL signal was in 2000 and 2007, and didn't come close to crossing back to the buy side until the bottoms in 03' and 09'. I mean, I know it's just an indicator, but personally I think it's just horrible looking. We did have whip saws in 1998 and 2011 but this is a much cleaner break that either one of those periods.

The good things I mentioned are the P and F chart for the $SPX is on a green "Double Top Breakout" from August 27, and  the $INDU, $COMPQ, $NDX and $NYA all show similar signals .........

The $BPSPX is on a green "Bull Alert" from Augusut 27 as well.


These are some f**ked up markets maaannnnnnnnn, we had like record UP days this week and yet the VXX was the leader in my 76 markets, up 24.87 stinking percent, OIL in the form of USO was next with a 12.47% gain, and yet the dollar, as in UPP, was 1.21% HIGHER on the week, which is an impossibility, BUTT, I guess it's NOT! Our best major market was on the first page, NasDOGS, with QQQ up 3.14% on the week, tied with EEM I might add, then you drop to DIA way down at only 1.09% on the week, SPY up .81%, with the little guys bringing up the rear, with IWM up .50%, right ahead of the transports with IYT up .47% on the week.


 Here's the loser's for the week, once again it surprises me to see XIV down 26%, I woulda thunk it would have switched positions with VXX, GDX was down 7.41% even with a 3% UP day on Friday, the markets are raising rates for the FED as TLT was down 3.19% on the week, just slightly more than their yearly SAFE yield ........
25 markets were lower on the week, a very unusual stat was that ZERO markets finished at a 20 day low this week and ZERO at a 20 day high, but that due to the huge drop the prior week, 12 markets finished on a Silver Cross vs 19 the prior week, quite a drop actually. The NYSE closed with 339 stocks on a PSAR buy and only 16 on a PSAR sell vs 30 and 483 last week, and here's a bad stat as only 8 closed at 52 wk highs and 7 at lows vs 13 and 522 last week, it was a rather LARGE drop in the lows, hahahahaha..........


Here's the beg wiener's for the week in the SP, CAM and GAS are buy outs I guess, BBY had some decent earnings, so I hear, I like the one down in 17th spot, FCX, that's basically a one day rise as Carl Icahn disclosed a stake in it, and the most amazing thing is the SEC did not IMMEDIATELY put him in jail for pumping it, I know damn well they would put me in jail if I had that kind of power.......


Here's the loser's for the week, I swear, SWEAR, that NEM will be a $65 stock again, maybe in 65 years ........... of course I have a position in GDX so I hope it opens there on Monday.........
One stock closed at a 52 wk high, SIG, and ONE at a low, ADSK, 7 finished at 20 day highs and 1 at a low, 194 closed with a Silver Cross vs 253 last week, kind of strange to see that decrease so much with the SPX finishing higher on the week, 1 stock closed with an RSI 14 above 80, GAS, none below 20, and 90 closed with an RSI above 50 and 410 below 50, so it's still VERY WEAK, despite what some people might try and bull shit you about.


Sunday, August 23, 2015

WEEKLY WRAP UP FOR 8/21/2015

Free Report: Pandemonium in the Stock Market

In this just-released report, you'll see new excerpts from our two flagship monthly publications, The Elliott Wave Theorist andThe Elliott Wave Financial Forecast. Get valuable insight into the volatility we saw in the markets this week. We think you'll come away better prepared than most investors.


 (I shouldn't have to say it, but click on charts and tables to enlarge)

There was one market in those 12 above that is on a Silver Cross, 20 SMA above the 50 SMA, that's the TLT, the rest are on Death Crosses, and, EVERY THING, accept for the TLT and GLD, finished lower on the week. This morning (Friday), at one point, ALL those markets were lower, as we were in one of those situations I've seen in the past where every thing goes one way, which is almost impossible until you see it, like the dollar down, AND, gold and oil down, interest rates down, AND, TLT down, etc etc etc, really fun stuff when it happens. 
You won't have to sit through my ragging on the "Breath Charts" any more, the next mention of breath will be if we start getting positive divergences or new buy signals, suffice it to say that the "BREATH" is REALLY bad, but that's to be expected on a 500 point DOWN day in the DOW.............


There's a little divergence in the RS between the four major indexes, the DOW has broken well below it's December low and the SPY is sitting almost EXACTLY on it, while both the NasDOGS and little guys, QQQ and IWM, are still above that low. In the OLD days, before MASSIVE FED manipulations, I would say the odd's favor the leader's playing catch up to the big cap laggards, but I can't say that any more, who knows how bad the FED will panic, and how much printed paper money they throw at the stock markets, AND, if this continues into the FOMC meeting next month there will be NO rate hike, AND, the FED will be effectively boxed in as they won't be able to lower rates, unless they pull a Swiss or Swede thing and go to NEGATIVE rates.
Because of the bastards coming in five minutes before the open and lowering rates in 2008 and screwing me out of all my over night gains (that was with put positions), I DO NOT short any more, instead, I just sit it out and wait for a chance to go long. It's not any fun, or profitable, but it sure saves me a lot of aggravation, yelling and screaming, and mental anguish.
In NORMAL times Asia, SHOULD, sell off HARD on Sunday night, and we, SHOULD, gap DOWN Monday morning, which would, PROBABLY, we a buyable event, but for me I'll wait until a bigger bottom forms.


Even with the huge down day my Market Monitor was a little more positive than Thursday, there were 66 stocks up 4% today vs 19 yesterday and "only" 330 down 4% vs 552 yesterday, that's out of over 2900 stocks. There were some records on that table, the 1819 stocks that were down 4% on the week, the 7 stocks on 52 WK highs, the 38 on 20 day highs, the ZERO SP 500 stocks on a 52 WK high was tied on ONE other day, October 16 last Fall, which was the dead bottom in the SP back then, the 4 stocks on 20 day highs is a record, and for reference there were 16 stocks on 20 day highs on October 16, those 4 were NEM, EIX, HCN and DUK.


Here's the beg wiener's in my 76 markets this week, only 9 and most of an inverse nature, it's amazing to see the FXF and FXE up so much this week, meaning the dollar was DOWN, and our markets not in rally mode, but, that's how Da Boyz on Da Street screw most of us retails, taking away traditional correlations.
Big jump between the last winner, SLV at .41%, and the BEST loser, XLU at MINUS 1.14%, even record housing prices couldn't keep the XHB up this week, which reminds me that I can't believe I heard some one say that RECORD HIGH housing prices were GOOD, it seems to me some one was saying that back before the 08' fiasco.


Here's the big loser's, WOW, some of those udder Worldly thingey's got their asses kicked this week, our major market winner............eeeeeeerrrrrrrr...... loser....... made this page, QQQ down 7.34 stinking percent this week, DIA was next at -5.95%, SPY -5.60%, with the little guys being the big winner, ONLY, down 4.44%, wooooo hoooooo........................


Here's the MASSIVE list of the big winner's in the SP 500 this week, I got tired trying to read through all 15 of them so I gave up...... that 445 stocks that had an RSI of less than 50 on the table above is also a record.


Here's the top 20 loser's for the week, I have no comment, although it does surprise me to see NFLX at the top of the list, especially when you look at that YTD gain of 113.03%.
I just HAVE to comment on DE, as I've been ragging on it all stinking year, I mean, I, LOVE, the company, no doubt, but it just kills me that Da Street acts like it was just totally taken by surprise by the horrible earnings report, but Ya Know, their ANAL-ysts actually had estimates that were LOWER than where the EPS came in, I mean, the f##king stock was UP 12.7% YOY going into this earnings report when they KNEW that earnings were going to be about 38% LOWER than last year and revenues 20% LOWER, just fricking STUPID............. I ahve NO explanation for this kind of bull shit, just incredible. I watch the weekly farm report every Saturday morning and I've been saying for months that Farmer's that were interviewed were saying they may not buy new equipment for YEARS because of the shitty grain prices, I mean, WAD EVER,,, and speaking of the shitty grain prices, when is that dumb ass Congress going to get off their ass and sue Kellogg's and General Mills for their duopoly in the breakfast cereal markets, their prices have not dropped at all, f$$king Washington just kills my ass.................................

Thursday, August 20, 2015

552 stocks of the 2900+ in my Market Monitor were down 4% today, that's the second highest in my records, the highest was Feb. 3, 2014, which was the low for the entire year in 2014.


That might be of interest to you "contrarian" players, however, "A", problem, though, is that the number of stocks that are down 4% on a WEEKLY basis has been exceeded numerous times, as have the 52 WK highs and lows, so I can't say this is the most extremely over sold that we've been.

blogger templates | Make Money Online