Friday, November 13, 2015


(double click for larger view)
As you might imagine the $NYAD, $NYHL and $NYMO all gave sell signals this week. 

The P and F chart for the $SPX has no signal at all, but the $BPNDX gave a "Bear Alert" signal on Friday.

Out of 12 fairly major markets there three that are NOT on a Silver Cross buy signal, $CRB, GLD, and TLT.

I can say the exact same thing I said the last two weeks, "Every single one of the 12 Bullish Percent indexes were on Silver Crosses this week, so I guess that's, aaahh, well, eeerr, (still) BULLISH." The indexes did get pretty well shellacked this week, so we'll see.

Out of 12 SP sectors XME, XHB and XRT are on a BEARISH Silver Cross.

Here's the big winner's this week in my 77 markets, the top three were inverse markets, then some defensive sectors like GDX, TLT and BND, TUR was the only actual market that went up this week. GDX did NOT reach my buy signal at $13.

The big winner's in our major markets last week were the big loser's this week, IWM down 4.34% for the week, then the NasDOGS, QQQ down 4.31%, DIA down 3.65%, with the SPY the big winner, "only" down 3.57%.

Here's the beeg wiener's in the SP 500 this week, of which there were only 51 stocks ..........

And here's the loser's list, the funny part about FOSL is not the UN-authorized 2 for 1 stock split,  but that people were blaming the weakness on AAPL's watch, hahahahaha, wad ever, I'm still watching FCX, but only if it can retest the $8 level, AA is, aaaaahhhhh, interesting here, but only if it can hold around this $8 level, by the way, did Ford stop selling aluminum pick ups or some thing????

ZERO stocks closed on 52 wk highs vs 5 last week and 35 on lows vs 8, 7 on 20 day highs vs 85 and 130 on lows vs 39, a little weak, 1 stocks closed with an RSI 14 above 80,  DD, 2 had a -20 RSI, M and FOSL, the NYSE had 43 PSAR buy signals vs 69 last week and 196 lows vs 361 last week, a very interesting "divergence", 10 new 52 wk highs vs 67 and 175 lows vs 65, 28 closed with a CCI buy vs 97, and 307 with a sell vs 256.

The Bear Market Meter is Running
Taxicab medallions and margin debt: A similar reversal in the making

By Elliott Wave International


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