Friday, December 11, 2015

WEEKLY WRAP UP FOR 12/11/2015

AS... you might expect, things were not to, aaaaaahhhhhh, positive, this week, but there were a couple of slightly positive things, let's get them out of the way:



The green boxes on my "Market Monitor" show where we had 534 stocks that were down 4% on Friday and 1578 stocks 4% down for the week, this is out of 2888 stocks in the scan, those are the highest numbers since the bottoms on the SPY chart at the top on August 24 and September 28, sssoooooooo, that's good, the other good thing was actually reported as a BAD thing over at ZERO Hedge, Beware The "Massive Stop Loss" - JPM's Head Quant Warns This Unexpected Downside Catalyst Looms Next Week , he's talking about the HUGE "PUT" positions on the SP 500, 670 BILLION worth, now, correct me, but, won't the Market Maker's make sure all those put's expire WORTHLESS???? The other good things were aaaaahhhhh, well, eeeerrrrrrrr, hhhmmmmmm..............

The red boxes are the 52 wk lows on the Market Monitor and the SP 500, at 221 and 40 they aren't even CLOSE to being excessive, meaning there's room for MUCHO more lows, like in August the lows were 901 and 182 respectively.
I don't "DO" charts any more, mainly because with the MASSIVE manipulation by the FED and the huge influence of ALGO's, I don't really have much of a handle on them any more, BUTT, with that said,  that SPY chart has NOTHING under it accept an AIR POCKET, or, VOID, back down to those August and September lows, and, SHOULD, be heading that way, but who fricking knows! I'll say this as well, if we, DO, go back down there, no fricking way do we HOLD those lows, I figure we'll go right through them. 

The rest of this is just stat's that reflect what you would expect after a shitty week like this:


(double click for larger view)


The $NYAD's continued their trajectory from last week, the really FUN part is can you see the big UP day from Thursday!! Hahahahahahaha....... 


Ditto with the $NYHL ............


The $NYSI is still on a buy signal, and hasn't rolled over like it did last June ....




Out of 12 fairly major markets we two this week and now have SIX that are NOT on a Silver Cross buy signal, the 20 SMA above the 50, $NYA and $TRAN joined the party this week, the IWM is looking the most shaky of the major markets.


Two of the Bullish Percent indexes this week are on Silver Cross SELL signals, which is the 20 SMA crossing below the 50 SMA, that's $BPENER and $BPDISC, $BPINFO is verwy close to it............


Out of 12 SP sectors the same three, XME, XLU and XRT are on a BEARISH Silver Cross again this week, while XLE, XLP and XHB joined the party.


Showing the winner's in my 77 markets last week is a worthless exercise, there's only 7 of them and they are all defensive or inverse markets. Our big major market winner this week is on that front page, as DIA was, "ONLY", down3.19% for the week, SPY was next at minus 3.69%, NasDOGS minus 3.78%, and  IWM, was the HUGE "winner" this week, down 4.98%, and, NO, that's NOT 5%, woooo hoooo ........


Here's the loser's, and they were Legion, South Africa got slaughtered AGAIN this week, down a whooping 16.11%, they've become Brazil's best friend after taking the heat off of them, hahahahaha, hell, EWZ didn't even make the first page, only down 4.30%, that's almost UP for them, hahahaha.................


Here's the beeg wiener's in the SP 500 this week, GLW was pretty "funny" as they were up because of a stake they have in another company, DOW, so, hey, that's one way to make it look like your company is doing great....


And here's the loser's list, a lot of energy again this week, FCX was my only personal disappointment on that list, sigh, wad ever ......
8 stocks closed on 20 day highs vs 59 and 207 on lows vs 45, , 1 stock closed with an RSI 14 above 80,  94 stocks had a -20 RSI, vs ONE last week,  The NYSE had 40 PSAR buy signals vs 64 last week and 195 sell signals vs 135 last week,  59 new CCI buys vs 78 and 511 lows vs 145, 28 52 wk highs vs 51 and 288 lows vs 169.

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