Friday, November 27, 2015

WEEKLY WRAP UP FOR 11/27/2015

(double click for larger view)
The $NYAD remains on a buy signal, AND, is actually diverging from the $NYA in the upper chart, as it's been flat for the last seven days while the $NYAD's continue to inch higher. 


 Mean while, the $NYHL continues to look just HORRIBLE, BUTT, it's like one day from a new buy signal should we go up on Monday, but, of course, it COULD just be a WHIP SAW, but, hey, Ya just never know.......

The P and F chart for the $SPX has no signal at all again, while the $BPSPX continues on the "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. plus, the VWO is like one negative close away from a new sell signal. 


I can say the exact same thing I said the last four 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", as in, BORINGGGGGGG......3.


Out of 12 SP sectors XME, XLU and XRT are on a BEARISH Silver Cross again this week, while XHB got out of the bearish camp and went bullish.


Not nearly as good a week as last week in my 77 markets I keep track of, as 47 were lower, but the BIG news was the "RISK ON" play that is in the numero DOCE spot, the IWM, up 3.07%,  which also got me scratching my head as to why in the HELL they were UP like that, and then it hit me:


In the "COSTANZA" markets that have been created by the ***** FED, where BAD is GOOD, and so forth, the P/E on the IWM has more than DOUBLED from the horrible 61.40 a year ago, to an UN-FRICKING-BELIEVEABLE 145.97, hahahahahahahahahahahahahahahaha, and the reason "INWESTOR'S" are piling into the little guys, is that if the P/E DOUBLES again NEXT year, to over 290, the fricking IWM will UNDOUBTEDLY DOUBLE AS WELL, hahahahahahahaha, WOOOOOOOO HOOOOOOOOOOOOO!!!!!!!!!
Of course, the ANAL-lyst are "GUESSING" that the P/E will drop to 18.55 NEXT year, but, of course, they said that LAST year as well, wad ever.........
But back to the boring stuff, the NasDOGS, QQQ, were our number two major market for the week, up a paltry .53%, or 127% a year, with the SPY in third at .48%, and the big dogs, the DIA, were the LITTLE Dogs this week, only up .46%.


The big loser this week was the guys that like to shoot at Russian pilots that are parachuting to Earth, TUR down 9.23%, I guess the RSX was down because of the table pounding by Putin, EWZ was in number two spot, and we ALL know why they are, if you don't you must live in a shoe box (like..... ME), GDX looks like it's heading back down to my $13 buy point again, ALTHOUGH, it didn't make new LOWS like the GLD did on Friday, IE, a DIVERGENCE, so it may not get to $13, PLUS, a break of $13 will "PROBABLY" NOT be good this time, so I'm going to be verwy verwy careful.


Here's the beeg wiener's in the SP 500 this week, ROST and TSN are up on the Holiday trade, with DLTR being up on the Holiday trade for people like me that can only to spend a dollar,  and don't look now, but on the list AGAIN this week was, AA ............


And here's the loser's list, Ya know, it seems like the same list as last week, hhhhmmmm,  CMG wasn't down this week, it was up like 7 1/2%, hhhmmm...........

16 stocks closed on 52 wk highs vs 38 last week and 2 on lows vs 9, 47 on 20 day highs vs 101 and 7 on lows vs 9, , 3 stocks closed with an RSI 14 above 80, ARG, PCL and AMAT, ZERO had a -20 RSI, sounds like another great buying opportunity when NO stocks are over sold, the NYSE had 89 PSAR buy signals vs 322 last week and 52 sell signals vs 35 last week,  99 new 52 wk highs vs 94 and 42 lows vs 97.

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