Saturday, May 23, 2015

WEEKLY WRAP UP 5/22/2015


Hahahaha, evidently McGeever doesn't understand the monster the FED has created called the "Costanza Market", where every thing is the opposite, with bad being good.


Four of the bullish percent indexes look awful, as they are not confirming the recent highs, trying to make their second lower highs after they led the markets higher in March and April. Another kind of strange one is the two middle BP's, the SP 100 is looking much better than the SP 500, meaning the big caps are holding the big index up, while the NasDOG 100 is lagging the big index, meaning the smaller caps are what is holding up the $COMPQ.............


The $NYAD, $NYUD, $NAAD and $NAUD have all made lower highs at the recent ATH's in the markets and have turned lower, IE, we have a divergence. It doesn't mean we can't turn this around, but the problem is this is just the exact opposite of what you want to see, IE, it's a "Costanza", they should be LEADING the indexes higher. Wad ever, miracles happen every day. 
If we could just get some REALLY shitty news, like we are in a recession, then the markets would take off for the stinking MOOOOOOONNNNNNNNN................ for since the FED is out of ammo and they've thrown every thing but the kitchen sink at the markets, the only thing left would be to print trillions of dollars and buy every single stock to insure their owners on Wall Street maintain their life style.........................


In keeping with the worst is the BEST, the worst market in my 76 markets last week, EGPT, was the best this week, up 7.30%, Asia CB's must have been printing this week as FXI, EPI, EWH and EWJ were all up over 1% for the week. SMH was our industry leader, which must have carried the NasDOGS to the lead in our major markets, QQQ up .81%, IWM was second at .63%, the SPY was up a massive .26% on the week, with the DIA-DOGS bringing up the rear at a minus .12%, actually, TLT was the winner, down .98% for the week.
4 markets closed at a 20 day high this week vs 22 last week, pretty weak showing, but the lows didn't really move with 5 markets closing on a 20 day low vs 3 last week, 57 closed on a SILVER cross, 20 SMA above the 50 SMA, vs 56 last week, 61 stocks on the NYSE closed on a PSAR buy signal vs 263 last week, definitely much weaker, 94 closed on PSAR sell signals vs 48, 91 closed on 52 wk highs vs 128 and 36 on lows vs 23 last week, 61 closed with a CCI buy signal vs 131 last week and 95 closed on a CCI sell vs 31.


Brazil got clubbed this week to be the winner of the LOSER's, EWZ down 7.89% on the week, I think because they cut the socialist budget by $23 billion, Austria, EWO, got wacked by 5.05% as Austrian economist are being derided by the money printers led by Krugman, UNG was down 4.91% because, well, it's not WINTER any more, sigh, GDX was down 4.30% as evidently not enough of those Austrian economist were buying enough gold, although GLD was "only" down 1.64%, EWA was down 4.09% because, again, of those Austrians not buying enough gold, although copper probably affects the Aussies more than gold, and it was down 4.68% on the week.


Here's the beg wiener's in that index that will soon be entirely owned by the Federal Reserve, the SP 500, cable TV was the big rage this week with five of the top 20 winners being in that industry, but the actual big winner was a stock not on the list, AMZN, as people have stopped bitching about it's valuations and instead are deriding NFLX, which took over the lead from AMZN with a forward P/E of 176.62 vs, ONLY, 166.98 for AMZN, and a P/S of 6.49 vs a paltry 2.17 for Beeeezos, I'd mention the PEG of 6.96 for NFLX but AMZN has NO PEG, so I can't use it, what really cracks me up is that NFLX has made this huge run based on earnings being 8.3%, LOWER, next year, hahahahahaha, wooooo hoooooo! The million dollar Baby, John Carter, has been just dollaring down selling put's against that stock, he just loves it.


The very first thing that caught my eye in the loser's list was who the leaders are, airlines, I mean, wow, what happened in that space? I, PERSONALLY, don't, "DO", airlines, as they all go union broke every ten years and then come back as ward's of the tax payers like the auto companies, but it sure explains the DOW Theory NON-confirmation that no one is worried about. I thought this headline was pretty hilariious, is sure goes right to the heart of the "Costanza" principles when Barron's starts saying that GOOD is really BAD.............

Airlines: Why Maximizing Profits is Bad For Shareholders at Barrons.com

AA is on the list, down six days in a row, I mean, are the airlines NOT buying tons of new planes?? The auto companies not converting to all aluminum fast enough??? I thought AA was the greatest thing going??!! Oh, that's right, they, MADE, money on their last earnings report, hahahaha, silly me.

Sunday, May 17, 2015

TRADE "IDEAS" FOR WEEK OF 5/18/2015

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WEEKLY WRAP UP FOR 5/15/2015


The biggest index of the majors, the NYSE, looks just fine, it's right on the edge of new ATH's and it's prior swing high, it's working on a BBSqueeze and could go much higher, walking up the upper bollinger band. BUTT, we still have some of those items left laying around, like the DOW Theory NON-confirmation, the $NYSI is still on a sell and the $NYAD's have NOT confirmed the new highs, stuff like that.


The DIA had an inside day Friday, it's sitting above the upper bollinger and needs to go higher, like, NOW!


With the big boys in the DIA looking the best I suppose it fits in the "Costanza" market that the little guys would look the worst, they didn't do much last week but managed to hold above the "T" line, that black EMA, and they kind of have a "VOID" above them back to the old highs, sssoooooooooo.............


The big winner in my 76 markets this week was TUR, up 8.8%, PM's had a good week with GDX and SLV showing up in the top five, one thing you won't see on this list of the top 20 is any of our major indexes.


They don't show up on the loser's top 20 either, although a few of our sectors do, like XLE, IYT, TLT and XLF. Our best major this week was those little guys, IWM up .82%, tied with the QQQ, the big boys fought it out for last place, with the SPY winning by gaining .39% on the week, followed by the DIA at .35%.
22 markets finished the week on a 20 day high vs 13 last week, and 3 finished at a low vs 0 last week, 56+ finished on a golden cross, 20 SMA above 50 SMA, vs 58 last week. 263 NYSE stocks finished the week on a PSAR buy signal vs 369 last and 48 finished with a PSAR sell signal vs 51, 128 finished at new 52 wk highs vs 91 and 23 at lows vs 28, 131 finished with a CCI buy signal vs 261, and 31 finished with CCI sell signals vs 39 last week.


Here's the beg wieners in the S and P 500 this week, PLL jumped on a possible merger with DHR, it was pretty funny as I saw more articles on FinFiz talking about investor lawsuits than about the actual merger, hahahahahaha, NFLX jumped on China expansion rumors, NEM showed up because, well, that's what it does when gold goes up, RIG finished in the number two spot and I have no idea why...................... I guess because USO was .49% higher on the week.....
42 stocks finished at 52 wk highs vs 26 last week, 3 at 52 wk lows, POM, GMCR and WYNN, like I said on Twitter I thought GMCR was a buy out????????
 94 stocks finished on a 20 day high vs 63 and 21 on a 20 day low vs 16 last week,, hhhhhmmmm, so they BOTH increased this week, 262 finished on a golden cross vs 283, 3 finished with an RSI 14 above 80, PLL, AVY and ADM, ZERO with an RSI under 20, 323 with an RSI above 50 vs 313 and 179 with an RSI under 50 vs 189 last week.


Here's the big loser's this week, I guess KSS is NOT so simple, kind of disconcerting to see KSU on the list, I guess Kansas is not shipping much corn these days, I mentioned WYNN last week as it appears Macau is not wynn-ing much, DD didn't exactly paint the town red....... I think I'll quit while I'm NOT ahead...............................

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