Friday, July 01, 2016

WEEKLY WRAP UP FOR 7/1/2016


(click for larger image)

Don't take me wrong, all the breath "indicators" are on buy signals, obviously, I just like to bring up "funny" stuff, and the NON-cumulative $NYSI continues to act "funny", doing exactly what it did when it was diverging at the highs from the May-June period a year ago. This eventually led into the dump in August and October, I'm not saying it's gonna happen, just that, well .............


Here's another one, the $SPX bullish percent is doing the same thing, acting like it did before the August dump last year. The red vertical lines on the SPX chart show what the $BPSPX was other times when the SPX price was the same as now, you can see that at 52.80 the $BPSPX is lower than those periods.
Doesn't mean it HAS to happen, I'm just saying it's looks very much the same.


Here's ANOTHER one, but this is just kind of a strange one, some one on Twitter posted that the three day gain from Tuesday through Thursday was like the third biggest in the history of the S and P, and yet the stocks that were 4% or more higher in my Market Monitor of over 28002 stocks actually DROPPED each of those days, in the red box in the lower left corner.


Only three markets are on sell signal this week, 20 SMA below 50 SMA, $TRAN, $TNX and $USD .... 
475 stocks on the NYSE had new 52 wk highs vs 105 last week,  24 stocks made new lows vs 11 last week, 416 stocks were on PSAR buy signals vs 81 last week, and 13 were on a PSAR sell signal vs 49 last week  .........


As shown by the $BPSPX above the Bullish Percent indexes are not looking nearly as hot as the indexes themselves, four , $BPCOMPQ, $BPINFO, $BPSTAP and $BPUTIL all just eeked out new buy signals.


In kind of a surprise TWO sectors joined XLY and XRT on sell signals from last week, XHB and XLF.


And the big winner in my 77 markets this week, was, for the fourth week in a row...........VXX ............ hahahahaha, ok, that's a lousy joke on my part, it's actually it's counterpart XIV. Britain, EWU, is not on the first page, but after the END OF THE WORLD with the vote to leave the EU (PEW!) it ONLY "GAINED" 5.49%, obviously the "Market" thinks that the Government will NOT obey the will of the people and will NOT sign the papers to leave, and if so I HOPE the English people vote the bastards to do their own "LEAVE" during the next election. It sounds like some thing our worthless bastards in DC would do to us, as they legislate AT us rather than FOR us. Only three of the European stocks beat the EWU, they were EWP, EWD and TUR, if TUR would just get a little more terrorism they would probably be first. TLT was NOT our major market winner this week, they dropped to second with a 3.53% gain, as people fled the rising stock markets for the safety of bonds, AGAIN, the winner was the NasDOGS, QQQ up 3.63% in 39th position, SPY was third at 3.29% and the DIA a DISTANT third at 3.28%, with the little guys bringing up the rear as the risk off kind of still continues, IWM up 2.68%.


Only 7 markets were down this week, two of them were EGPT, no surprise, and EIRL, big surprise, I guess because they DON'T want to leave the EU, hahahahaha .......................


Here's the beeg wiener's in the SP 500 this week, snort snort, HOG jumped on buy out rumors from KKR, I guess they figured it was cheaper just to buy the company rather than buy one of their bikes,


 FCX was only in 19th spot this week at 7.28%, but I just had to show this crack up chart, that gain is waaaaayyyyy over on the right side, it hard to see as it's the same size as the prior SEVEN FRICKING CANDLES!!!!!!!!!! The thing has gone NO WHERE for seven weeks, but it keeps showing up on the gainers and loser's lists as it makes "RELATIVE" big moves, it does crack me up. I say it's building up for a BIG move, but who am I to say some thing like that ........
91 stocks hit 52 wk highs on Friday vs 15 last week and ZERO hit lows vs two last week, 142 hit 20 day highs vs 33 and 1, ONE,  hit lows vs 24, that was HUM by the way, and NO, that's NOT a HumVee, 14 stocks had a 14 RSI above 80, and ZERO were below 20, AGAIN, and, AGAIN, and AGAIN, actually for Umpteen weeks in a row means there are ZERO stocks in the Peter Lynch happy hunting ground.
Speaking of the 91 new 52 wk highs (I was, WASN'T I??), 16 were consumer staples and 23 were Utilities, meaning 42.8% of those highs were in DEFENSIVE stocks .................
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Here's the loser's, I thought that Semi's were the BIG THING, hhhhmmmmm, MU meeced their earnings, that CF is in fourth this week, I guess people can't use their cards as MA is in tenth, MON stock is acting kind of seedy, didn't some Itialan guy sing a song about VLO (???), oh, yea:

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