Friday, October 02, 2015

WEEKLY WRAP UP FOR 10/2/2015


The main men, $NYAD, just managed to issue a new BUY signal on Friday, BUTT, it could be subject to a Whip Saw as per the lower items and the SPY chart down below......



Both the $NYSI and the all important $NYHL are still on sell signals, the markets did not turn up a year ago until the $NYHL got a new buy signal, and it's not even close to one right now.....


The SPY is coming off a BB Squeeze that triggered to the DOWN side, and won't issue a new buy signal until it crosses over the zero line, the part I REALLY hate about this chart is that the SPY "SHOULD" go higher off of this candle, BUTT, the damn markets went back to their "COSTANZA" ways as they rallied today off of a HORRIBLE jobs report that was 30% LOWER than all those wonderful estimates, the reason we rallied of course is that the bad number supposedly keeps the FED on the side lines a while longer.............. personally, I won't get to excited until we get over the September high and the down trend line.


Out of 12 pretty important markets only 3 are on a Silver Cross, 20 SMA above 50 SMA, $USD, TLT and GLD.


Out of 12 Bullish Percent indexes only three are on a Silver Cross, $BPMATE, $BPENER, and $BPINFO just barely managed a cross.


Here's the big winner's this week in my 77 markets, if you are looking for our major markets you won't see them here, it's mostly a bunch of "Frontier" markets like China, Italy, Brazil, India, our best sectors, besides GDX, was XLB and SMH, TLT won the "major" race this week, up 2.48%, then SPY at 1.1%, QQQ 1.06%, DIA 1.04%, IWM was on the loser's list at minus .74%. Two markets closed the week at 20 day highs, TLT and BND, 8 closed at lows, only 7 markets are on a Silver Cross, BND, USO, FXE, GLD, SH, QID, VXX, all of which are defensive issues, the NYSE had a much better close this week with 201 stocks on PSAR buys vs 35 last week and 82 on sells vs 91, but the new 52 week highs just stank the joint up on Friday with only 29 new highs and 188 new lows.


Here's the loser's this week, it's kind of surprising to see GLD on the list as GDX just ripped this week:


It's coming off of a huge BB Squeeze that triggered LONG today, it went up 8% Friday and gapped over the down trend line, it closed out side the bollinger and "SHOULD" start walking up that bollinger higher............. all of which means, OF COURSE, that it will probably get CRUSHED next week, hahahahahahahahahahahaha.......................


Here's the beeg wiener's in the SP 500 this week, a lot of the gains came on Friday, like WYNN, which was up 28% on some vague promise out of the Commie bastards in China, wad ever, GM was higher as they try and figure out how to spend that 20 BILLION dollars they stole from the tax payers...........


I didn't think it was possible after Friday but 186 SP stocks were lower this week, "V" just made the last spot at minus .06% for the week, a lot of other financials were not so lucky.......
Even with the huge Friday only 5 SP stocks had a 52 week high, HRB, HRL, PSA, NVDA and VRSN, there were 48 52 wk lows, only 41 had a new 20 day high vs 116 lows, just really lousy breath numbers to go with the day, one stock closed with an RSI above 80, PCP, and two were below 20, THC and GPS, 221 stocks were above a 50 RSI and 279 below 50.

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