Saturday, September 19, 2015


(double click for larger views)

This is a scan I use to determine if have an over bought or over sold market to sell credit spreads against, bull puts and bear calls, it's a basic RSI with 2, 5 and 13 readings, I prefer that all three be either green, UNDER 20, or red, OVER 80, to determine a possible trade. I have about 112 stocks and ETF's in the scan, it includes the 77 highly liquid ETF's in my weekly market monitor and a number of highly liquid individual stocks, all 112 look like that partial snap shot above, IE, some are over bought or over sold on the RSI 2, but NONE of the markets are red or green on the RSI 5 or RSI 13, so I no lookie or touchie. 

We are coming off a weekly squeeze on the SPY that triggered short, usually they last 8 bars and we are in the fifth week so we may have three more down weeks. Now, IF, we get lucky, and, IF, we get an equal move to the drop we made from four weeks ago, an equal move would take us to the 200 week MA around 173, which seems like a nice little "area", three weeks would put us into the middle of earnings season, so maybe October acts as a bear killer again.

Two of the 12 fairly important markets on the candle glance charts above are on a Silver Cross, 20 SMA above 50 SMA, that's TLT and GLD.

The point and figure chart for the Bullish Percent for the $SPX is still on a "Bull Alert" from August 27th. 

Both the $NYAD and $NYSI are still on "buy" signals, but the $NYHL, which called the October bottom and had NO whip saws from October until the sell signal in June-July, is getting "flatter" and would give a buy signal with a couple of decent up days.

Here's the big winner's in my 77 markets I keep track of each week, for once I actually had the numero Uno market, GDX, which I can thank Chairman Yellen for, as she admitted the mouthing off out of the FED the last month or so was all bull shit and they did what they have to do, keep rates at ZERO, which they will NEVER be able to raise, well, at least not with a hell of a big reaction from the markets. None of our major markets are on the first page, IWM was our big winner at .43% for the week, then the rest were losers, QQQ down .21%, DIA down .53%, and the SPY brought up the rear, down a MASSIVE .74%, all of those negative numbers were due to Friday, as Yellin is so backed into a corner she can't win when she DOESN'T raise rates............

Here's the big loser's, it seems strange that VXX was the winner with three of our four major markets DOWN, but that is the nature of the POS!!!! It's kind of funny about Germany there in fifth place, EWG was down 2.72% on the week but it was down 3.66% on Friday alone, hahahahaha, the Germans reacted to the lies out of the FED worse than we did.........

Here's the winner's in the SP 500 this week, I have no comment although things must be getting a little tough as beer was at the top of the list...........
4 SP 500 stocks finished at 52 week highs this week and 12 at lows vs 2 and 11 last week, 8 at 20 day highs and 20 at lows vs 7 and 19, 55 finished with a Silver Cross and 116 above their 50 DMA vs 95 and 94 last week, 1 stock finished with an RSI 14 above 80, TE, ZERO under 20, 159 above a 50 RSI and 341 below 50 vs 129 and 371 last week. On the NYSE 11 stocks closed on 52 wk highs and 84 at lows vs 11 and 111 last week, 68 closed on a PSAR buy and 152 on a sell vs 33 and 89, 153 closed on a CCI buy and 202 on a sell vs 30 and 112 last week.

And here's the losers, ditto on the comments.

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