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.


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