Friday, April 15, 2016

WEEKLY WRAP UP FOR 4/15/2016


Continuing with the chart of the $NYA for the last week and weeks we FINALLY made the break over that consolidation, we had a BBSqueeze working in the green circle and triggered green on Thursday, and, "GENERALLY", the signal is good for about 8 bars, on average. 
Another good thing is the green circle on the chart, we closed OUTSIDE the upper bollinger band for the last three days, AND, had two wonderful little Doji's the last two days, I mean, this thing is so stinking UGLY the Pajama trader's on Sunday night will probably have no problem taking the futures to Da stinking MOOOOOOOON!!!

We broke out on Wednesday when JPM reported earnings that were 6.8% LOWER than the first quarter last year, and then sealed the deal when BAC reported earnings that were 22% LOWER than last year, I mean, we get a LOT more earnings next week and the following and if they can just be as SHITTY as this week, then, we should have no problem making new ATH's, WOOOOOO STINKING HOOOOOOO!!!!!!!


This actually is good as the main men, the $NYAD's, continue to LEAD the markets higher, as they've broken above the high's of last November while the index itself has not, according to this it should be just a matter of time. 

108 stocks on the NYSE had new 52 wk highs vs 97 last week, 5 stocks made new lows vs 10 last week, so weaker was better,  80 stocks were on PSAR buy signals vs 176 last week, only 36  were on a PSAR sell signal vs 42 last week, a much stronger close to the week.
In my market monitor of about 2900 stocks only 55 stocks were 4% HIGHER for the week vs 337 last week, MUCH weaker, but only 36 were 4% lower vs 584, so MUCH better than last week. One thing that just sticks out to me is that out of those almost 2900 stocks on 2, TWO, hit 52 week lows on Friday, HRB and STX, just a real bottom fisher's paradise, AIN'T IT!!!


 The only markets NOT on a buy signal from last week, 20 SMA above the 50 SMA, is the dollar, $TNX fell to a sell signal, and, SURPRISINGLY, GLD is right on the verge of a new SELL signal, wow, I'm impressed, it might give me a chance to get into GDX at lower levels.

There are no Bullish Percent indexes NOT on buy.


There are no sectors NOT on a buy, again, and the ones that looked bad last week, XLF and XRT, completely rebounded this week, and speaking of XLF if we can get some more REALLY lousy earnings next week it, MAY, move to ATH's!!!!!!!


EWZ was number four in my 77 markets this week, but has an impeachment vote coming out on Sunday, so who knows what will happen there. EPU continues to rip, and, why, I have NO idea, although materials are also ripping like XME, SLV, GDX, XLB, OIH, emerging markets did well this week, like EWA............... eeeeeerrrrrrrr, I mean, EEM..............
Our best major market had the IWM going from worst to FIRST, up 3.06% for the week,  DIA up a paltry 1.72%, then SPY,1.60%, the NasDOGS brought up the rear, QQQ 1.50% for the week.


Only 13 loser's this week, UNG just continues to act like doggie poop, XLP was NOT so stable, down a WHOPPING .70% on the week ...........


Here's the beeg wiener's in the SP 500 this week, I see some of those monster earning banks on the list, FCX continues to amaze, it is still losing MORE per share than it's stock price, hahahahahahahaha, (-11.20), vs a $10.86 stock price, maybe next week it gets above that level..........

12 S and P stocks closed the week at 52 wk highs vs 18 last week, there was 69 at 20 day highs vs 57 and 16 at lows vs 35 last week, 4 stocsk had an RSI 14 above 80, CPGX, NVDA,  UTX and WY, and ZERO stocks showed up under 20.


STX and WDC are prominent on the loser's list,  I heard it was weak computer sales in China, hhhhmmmmmmm, MKC showed up as I guess pepper is OUT now, CPB is down at the bottom, I mention those two staples as they both have a P/E of about 28, that's, TWENTY STINKING EIGHT, I mean, my god man ........... sigh, wad ever, I guess in the NEW paradigm they are CHEAP ..............

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