Friday, January 22, 2016

WEEKLY WRAP UP FOR 1/22/2016


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The main men, the $NYAD, are a gnats ass away from a new buy signal, and up day on Monday will be the trigger. 




That was ALL the good news, as the rest of the market timing breath indicators all look like Doggie poop, at a minimum it would probably take AT LEAST a couuple of more days like Thursday and Friday to get them into concensus with the $NYAD's. You can go early if you want to, the choice is always yours, go for it, do it, be a man, nothing ventured nothing gained, etc etc ..............


The $INDU point and figure chart issued a "Low Pole Reversal" buy signal on Thursday, the same holds true for the $SPX, BUTT:

Well you include ALL the stocks in the $SPX, like the $BPSPX, we are on a "BEAR CONFIRMED" from 1/19, meaning, of course, the same thing we've known for ages, that a small number of mega cap stocks are being used to hold the index up.


There are only two candle glance charts on buy signals, the 20 SMA above the 50, that's GLD and TLT, both kind of like, DEFENSIVE, also, it would have been NICE if one of the other indexes had at least hooked UP on the 20 SMA, no such luck, I guess two days does not an uptrend make .....


Only ONE of the Bullish Percent indexes are on buy, $BPUTIL, there's a lot of hook ups, so, maybe next week....


The sectors have one more buy besides the XLU, the XLP, but that is trending down toward the 50, so not great looking, and just like the Candleglance group none of them are even hooking up ........


Huge change from last week in my 77 markets where only nine were higher, and were all bonds or inverse funds, 26 were higher this week, led by those stalwarts EGPT and EWM, GLD and SLV were both higher, while GDX was a little surprise by being lower, surprise to ME that is, TLT was the leader of OUR major markets, up 1.23%, even RSX and USO were higher this week, none of our other "majors" were on this page.


Despite what I imagine was yelling and screaming out of Bubblevision's idiots, NONE, of our major markets were higher this week, in fact the winner, eeeeeeerrrrrrrr...... LOSER, was the big boys, DIA, down 1.66% on the bottom of the page, the "real" winner was, AGAIN, Brazil, down 5.09%, as we get a preview of what our markets will look like after Hillary becomes President, I mean, how can she lose with Soro's pumping her on social media. Our actual major winner was the NasDOGS, QQQ only down .29% on the week, with the little guys right behind, IWM minus .39%, with the SPY in third at -.73%.


Here's the beeg wiener's in the SP 500 this week, a lot of the energy dogs on the list, even CNX, did Obama exempt them from his BK crusade?? WYNN was higher as Super Mario inspired even the Chinese to go back to the gambling tables. 220 stocks were higher, meaning 280 were lower on the week, 5 stocks  closed with a 52 wk high Friday vs ZERO last week, and 6 closed on lows vs 128 last week, 18 stocks closed on 20 day highs this week vs 1 last week and 18 on lows vs 355 last week, no stock closed with an RSI 14 above 80, again,  8 stocks had a -20 RSI vs 24 last week.  The NYSE had 856 PSAR buy signals vs 35 last week and 60 sell signals vs 60 last week,  73 new CCI buys vs 12 and 7 sells vs 168 last week, 31 52 wk highs vs 36 and 16 lows vs 879, some really huge changes the last week.


And here's the loser's, I thought AXP, INTCD and IBM were responsible for the losses in the $INDU, but actually 23 stocks were lower on the week, a lot of banks on that list, which, in some quarters, is considered NOT GOOD, but it's all in how you look at it I guess.

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