Friday, May 13, 2016

WEEKLY WRAP UP FOR 5/13/2016



Both the $NYMO and $NYAD stayed on sell signals this week, the $NYHL and $NYSI still remain on buys, a split signal. The $NYAD, at the bottom, is acting like the markets, doing a whip saw of a WHIP SAW, like, a double WHIPPLE??It's not much fun until we make some moves, like, for instance, it hasn't even broken  the early May lows, so it's not leading us to the down side.

The Point and Figure for the $INDU issued a new signal on Friday, a "Descending Triple Bottom Break Down", a very common pattern indeed................
Anyway, none of the other indexes have any signal what so ever, which actually is more of a signal than an actual signal, as that's much rarer than that pattern above.


 The only markets NOT on a buy signal, 20 SMA above the 50 SMA,  continue to be the $USD and interest rates, $TNX, however, DIA, SPY, IWM and $NYA joined the $COMPQ, $TRAN, and VWO by falling BELOW the 50 DMA, so even though we have no sell signal all those indexes are looking very weak.
103 stocks on the NYSE had new 52 wk highs vs 182 last week, 36 stocks made new lows vs 27 last week, 39 stocks were on PSAR buy signals vs 75 last week, and 114 were on a PSAR sell signal vs 96 last week, over all the numbers were weaker than last week. 
My market monitor of about 2900 stocks was acting a little, aaaahhhh, strange Friday,   58 stocks were 4% HIGHER Friday vs 32 on Thursday, and 77 were 4% lower vs 208, with a divergence like that it makes me wonder about Monday, IE, I don't have a clue, that's why I'm clueless.


The Bullish percent indexes are weaker than the actual indexes, the $BPSPX, $BPCOMP,  $BPDISC, $BPSTAP and $BPSTAP joined the $BPINFO in sell signals, very weak stuff it is.


XLK joined XRT with sell signals this week, that means the other ten are still on buys, although it seems funny to me that they are on sells and XLE and XLB are on buys, but who am I to argue.


Only 18 in my 77 markets were up this week, but only 12 were HIGHER last week, so that's GOOD (see, I can be positive!!), USO, DBC, DBA and TLT, which is a little surprising as the damn Dollar was UP, UUP up .70%, which, Ya know, shit like that just buffalo's me, and also keeps me pretty small .......................


The winner of the loser's was obviously NOT helped by the strong dollar, XME down 5.89%, OIH was down DESPITE USO flying, another bunch of shit, sigh, our worst major was IWM, down 1.15%, then DIA down 1.05%, SPY -.47%, and the big winner was the NasDOGS, QQQ down .08%, despite AAPL, so, actually, it was up some what .......


Here's the beeg wiener's in the SP 500 this week, MON was in third place and I hope they SHIT CAN this proposed merger with BAX, we don't need GMO's controlled by one big outfit, IMPO ...........

18 S and P stocks closed the week at 52 wk highs vs 17 last week, there was 29 at 20 day highs vs 32 and 85 at lows vs 106 last week, not really showing a down week, 1 stocks had an RSI 14 above 80, STJ, vs 6 last week, and 6 stocks showed up under 20, 213 stocks had an RSI above 50 vs 270 the prior week, this is the first time we had more stocks with an RSI UNDER 50 since the week of February 12, the day after the bottom, hhhhmmmmmmm ............
.

A LOT of retail on the loser's list, BUTT, Bubblevision said not to worry about it as the consumer ONLY makes up 70% of the economy, I mean, there was some shitty forecast besides the earnings. I listened to a woman from "Macro Maven" on Bloomberg, and she said that the Inventory/Sales indicator just hit a RECORD HIGH ................ hahahahahahahahahahahahaha, I mean, that is RECESSIONARY type of stuff, but not to worry, Grandma Janice has their backs, they can just burn that inventory and she'll give them a 100 year loan at ZERO percent to carry them through.
I do have my eye on FCX and AA, but not yet, I'd like to see AA in the $8's and FCX back in the $3's. 

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