Friday, November 18, 2016

WEEKLY WRAP UP FOR 11/18/2016


The IWM closed at all time highs this week. Some think it's because all those small cap energy stocks are going to make tons of money, even though USO is 12.2% lower than it's October highs. Well, ok, maybe it's because it's closed outside it's upper bollinger for seven days in a row ............. or maybe all the small caps are going to get Trump's trillions of dollars of infastructure money rather than the SP 500 big guys .........
Ok, here's the REAL reason they are at ATH's:


People are looking at the IWM P/E and last year at this time it was an astronomical 142, and now it's like, MMAAAAANNNN ............ NIL!! I mean, like, they are making ssooooooooo much money their P/E is, like, so SMALL, it's like, NIL .....................


On a more serious note the $NYAD's are on a slight buy signal but are still NOT leading the markets higher, they are still below the October lows.


The Q's look even worse ..... Ter, they made their All Time closing highs in the red circle on the top chart and made a MUCH lower high on the bottom A/D chart. In days of Yore this type of divergence led to HUGE market losses, but, of course, with the FED's massive manipulation these days it probably don't mean diddly squat. 


It's not just the big dog Q's that have that formation, the main NasDOG index has the same look to it, with the $COMPQ making ATH's with a MUCH lower A/D line ...............


I was going to say the SPY joined the DIA, $TRAN and $USD on buy signals this week, 20 SMA above 50 SMA, but according to StockCharts.com the 20 SMA is 10, TEN STINKING CENTS, from crossing the 50 SMA, so, NO, it is NOT on a buy. But come Monday I will take a wild ass guess and say if we are higher it gets a buy signal. The $CRB dropped off the buy team, and the IWM has still not joined the Bull's, it's a WHOPPING 23 cents away from doing it ................


Going along with those weak A/D reading their are still ZERO Bullish percent indexes on buy signals this week.


XLB and XLI joined the sector bull party this week with XLE, XLF and XME. Of course, I don't just blindly buy some thing just because it triggers, I wait for the first pull back, but of course YOU can do what you WANT! I'd hate to think that side ways action we got this week IS the pull back, sigh ........


So, here's the winner's in my 80 markets this week, we moved up to 42 markets higher this week, still a lot less than the 62 four weeks ago . UNG led the charge in anticipation of all the Nat Gas Trump will need to burn all that asphalt ....... that kind of fits with USO as well. EGPT was in fourth spot because of all the sand Trump will need to mix with the asphalt????? IYT was in seventh spot because we need all that stuff hauled all over the Country from where he mixes it up in the back yard of the White House .....
IWM is right there in 9th, up 2.85%, which seems surprisingly less than I thought it would be, Trump's new best friend is there in 15th spot, Putin up 2.34%, our next best major was the NasDOGS, QQQ up 1.31%, then SPY at .96%, then the big dogs dropped all the way to last this week, FinVIZ says the DIA was DOWN 84 cents on the week but StockCharts say they were UP 52 cents, sigh, my NINJA Trader says they closed DOWN ONE CENT on the week, so I'll go with that ...........


Here's the winner's of the loser's for the week, mostly all foreign stuff, in fact every thing accept for the VXX, QID, SLV and GLD. GDX was actually UP on the week, .62%, sigh, it pisses me off when it does that, I mean if it won't go down with the PM's then when will it???


Here's the big winners in the SP 500 this week,  ............. and that's all I have to say .......


Last week Trump banned FOOD and TRAVEL, this week it's clothing, jewelry, internet security, even a material stock that the ANAL-lst say you HAVE to buy for the Trump road building, VMC, and it only makes sense that since you can't buy clothes you won't need belts to hold your pants up, RIGHT?? Not very ILMN ...... minating ...

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