Friday, May 20, 2016

WEEKLY WRAP UP FOR 5/20/2016

(click for larger image)

As noted on Twitter the$NYSI joined the $NYMO and $NYAD on sell signals this week, the $NYHL, above, is the only one still on a buy signal. I have the chart up just to show how much it fell from last July into the buy signal in February, and how little it has regained since then, IE, it's a weak bounce.


That "11" in the number of stocks that were 4% or greater lower on Friday is the second lowest number ever in my Market Monitor of just under 2800 stocks. I mention it because it's pretty unusual, but it may not mean much as prior low readings preceded moves in both directions, it does, however, note mentioning as those prior instances were either fairly major lows or highs. 

 The $COMPQ, $TRAN, and VWO joined the $USD and $TNX on SELL signals this week, 20 SMA below the 50 SMA,  those three were weak last week and got the sell signal just by moving basically sideways this week.
48 stocks on the NYSE had new 52 wk highs vs 103 last week, 16 stocks made new lows vs 36 last week, 127 stocks were on PSAR buy signals vs 39 last week, and 21 were on a PSAR sell signal vs 114 last week, over all the numbers were better than last week. 


The Bullish percent indexes remained the same with six of them on sell signals.


XLU and XHB joined XLK and XRT with sell signals this week.


41 in my 77 markets were higher this week, SMH was the big winner at 5.33% of of AMAT's earnings, one good report and all the other semi's that were lower off of AAPL earnings are now great buys, hahahahaha, wad ever, USO was up 3.34% so the inflation loving FED should like that, IYT was up 2.41%, I guess hauling all those semi's around .............................
IWM was our major winner, up 1.05%, ALL of it on Friday, then the NasDOGS, QQQ up .92%, SPY .36%, with the loser being the DIA, DOWN .41%, thanks to the likes of MCD, BA, KO and VZ which more than off set the big winners  WMT, CSCO, AAPL and DD. Soooooooo,  AAPL was up  BECAUSEEEE??????


The loser's this week were any thing that hurts when it falls on your foot, IYR and XLU hurt when $TNX goes up, which it did by 8.45% this week, EWZ was down 3.38% when it was realized that it's, aaaaahhhhhhh, still EWZ.


Here's the beeg wiener's in the SP 500 this week, I know AMAT was earnings related, so I'm just going to assume they all were.
15 S and P stocks closed the week at 52 wk highs vs 18 last week, 1 stock at a 52 wk low, FL, there was 36 at 20 day highs vs 29 and 17at lows vs 85 last week, good stuff this week, 3 stocks had an RSI 14 above 80, STJ (AGAIN!), LLL and NVDA, and ZERO stocks showed up under 20,so we are back to a value investor's nightmare, 227 stocks had an RSI above 50 vs 213 the prior week.
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HRL hurled their investors into the lost column this week, I guess there was no work for WRK, CPB, FINALLY, got some sense and sensibility beaten into it, when it had to confess on Friday that it's earnings are a bunch of shit, sigh, wad ever, I actually made some money on one, if not THE, favorite companies of mine, DE, after they finally admitted that farm machinery has NOT been the place to be, hahahahahahaha, YA THINK!! I like it a hell of a lot better than I did at $95, but I'd like it even better at $70, BUTT, an "Equal Move" scenario off of that $95 "COULD" be targeting $60, which I would REALLY like a lot more.

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