Friday, June 17, 2016

WEEKLY WRAP UP FOR 6/17/2016


(click for larger image)

The main men, the $NYAD, dropped to within a gnats ass of a new sell signal last week, and this week followed through on that threat, BUTT, sigh, there was not much follow through to the initial thrust, it does, however, appear to be forming a flatish bear flag and MAY be heading lower.


The NON-cumulative $NYSI has joined the NAD's in a sell signal, AND, have formed a divergence much like just over a year ago when the markets headed into the depths of hell, if you were in a leveraged ETF that is. This pattern looks very much like a LOWER high, just like the patterns leading into the August and first of the year lows.
Doesn't mean it HAS to happen, I'm just saying it's looks very much the same.


The same four markets are on sell signal this week, GLD, $TRAN, VWO and $TNX, 20 SMA below the 50 SMA. .... 
105 stocks on the NYSE had new 52 wk highs vs 187 last week,  11 stocks made new lows vs 21 last week, still very strong numbers considering the $NYA was lower on the week, 81 stocks were on PSAR buy signals vs 33 last week, and 49 were on a PSAR sell signal vs 507last week  .........


Some improvement in the Bullish Percent indexes this week, all 12 were on sell, but $BPCOMPQ, $BPINFO, and $BPHEAL all just eeked out new buy signals.


Just TWO sectors are on sell signals this week vs four last week, XLY and XRT.


And the big winner in my 77 markets this week, WAS (AGAIN!), VXX, which I reiterate is kind of a miracle as I've never seen that thing do any thing but go down, I MAY change my mind about it one of these years, the top six were the only ones up over 1% on the week. TLT was our major market winner, AGAIN, as people fled the rising stock markets for the safety of bonds, AGAIN, only up .62% this week, less than the "only up" of last week.  Speaking of "only", this page is the ONLY one that has any wiener's on it.


That means 57 out of the 77 markets were lower, here's the loser's this week, XIV was the "winner", AGAIN, although it was ONLY down 10% this week vs a whooping 10.33% last week, woooo hoooo, the NasDOGS were the worst this week, QQQ down 2.25%, then the little guys, IWM down 1.73%, just beating out SPY at - 1.69%, and the big dogs were the big winner's, DIA "only" down 1.23%.


Here's the beeg wiener's in the SP 500 this week, who talked about FCX last week, huh...... huh huh ............... OK, so I talked about it needing to hold $10, which it DID, it was under it on Tuesday but managed to close above it, the funny part is that this MASSIVE gain looks like diddly squat on a chart, hahahahaha, wad ever ................
15 stocks hit 52 wk highs on Friday vs 38 last week and two hit lows vs ZERO last week, that was FL and AAL, 33 hit 20 day highs vs 54 and 24 hit lows vs 33, ONE stocks had a 14 RSI above 80, SYMC, which reminds me, I remember that outfit, ZERO were below 20, AGAIN, and, AGAIN, means there are ZERO stocks in the Peter Lynch happy hunting ground.
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Here's the loser's, 163 stocks were higher vs 247 last week so the loser's were the winners again, I guess, usually I can look at this list and see some thing but I have ZERO interest in any thing there.


EBAY is winding up for a BIG MOVE, it's six weeks into a weekly RSsqueeze in the red box and it's inside a huge triangle. If it just moved to the inside limits of the Swing channel the targets are $26.21 to the upside and $21.50 on the down side. 
There's no guarantee that it WILL move, it's just an idea. 

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