Friday, November 20, 2015


The two timing indicators, $NYAD and $NYSI, are both on buy signals, the $NYAD just triggered on Friday. 

(double click for larger view)

The $NYHL and $NYMO remain on sell signals, it always helps when all the ducks are in a line. 

The P and F chart for the $SPX has no signal at all, but the $BPSPX on a "Bear Alert" signal from 11/16.

Out of 12 fairly major markets the same three as last week are NOT on a Silver Cross buy signal, the 20 SMA above the 50, $CRB, GLD, and TLT.

I can say the exact same thing I said the last three 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, XLU and XRT are on a BEARISH Silver Cross.

Big up week in my 77 markets, only 14 were lower, EWZ was the "winner", with the only reason that I could find being there was NO BAD NEWS, LOL, the NasDOGS were our top major market, QQQ up 4.22%, then you have to go to the next page for the SPY, 3.34%, DIA up 3.16%, and the poor little guys, IWM "only" up 2.4%, or 124% a year.

The big loser's this week were either inverse funds or comodity related, the only one on the list not related to them was TUR, and they were only down .09%, and yes, I did take GDX, and I'm still in it but I moved out of the stock and into an option spread.

Here's the beeg wiener's in the SP 500 this week, ARG moved out of the air business and into the cancer bizz, as they obviously cured it, one I'm watching is waaayyyyyyy down at the bottom of the list, AA ............

And here's the loser's list, Ya know, I remember buying SWN at $40 and thinking it was one hell of a deal, my, how things change, CMG was down 12% as they found Bubonic plague or some thing like that in their food,

38 stocks closed on 52 wk highs vs ZERO last week and 9 on lows vs 35, 101 on 20 day highs vs 7 and 9 on lows vs 130, , 6 stocks closed with an RSI 14 above 80, ZERO had a -20 RSI, sounds like a great buying opportunity when NO stocks are over sold, the NYSE had 322 PSAR buy signals vs 43 last week and 35 lows vs 193 last week,  94 new 52 wk highs vs 10 and 97 lows vs 175, interesting that we closed with more new lows than highs.

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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