Friday, January 27, 2017

WEEKLY WRAP UP FOR 1/27/2017

(click for larger image, I hope)

The good news is that both the $NYAD's and the $NAAD's made ATH's this week, really good news for the $NYAD's as I don't think the NYSE is making new ATH's, however NOT so good for the $NAAD's, as the $COMPQ made ATH's the last four days of the week while the $NAAD's only made ONE ATH, on Thursday, it is REALLY bad when the $NAAD's DROPPED on the new ATH on Friday, plus they are back in a box they were in since early December. The bottom chart shows the new highs are not confirming the new ATH's in the index as well.
It's probably not that big a deal, its just that it would be NICE if the $NAAD's would break out of that box and join the $COMPQ in an upward trek.

Speaking of the $COMPQ the Q's are a crack up, I never look at them any more but they just happened to be on my charts when I opened Ninja Trader up, it's not so much the three days they have closed ABOVE the upper bollinger band, they closed outside it for five days in a row earlier in the month, it's those last two days, just little itsy bitsy teenie weenie doji bars, hahahahahaha, god what a joke, any other time in history and this up trend would be, well, HISTORY!! It can't be shorted though as that just encourages the Grand Mother and her fellow criminals to squeeze the people who do short it. The indicators at the bottom are just off the chart over bought, but, sigh, they can stay that way a LOOOOOOONG time .............


The SPY broke out of it's box from last week and also closed above the bollingers, but it looks a little less spectacularly over bought. Both RSI's and the MACD, MFI and ROC are all diverging from the highs made in December, not very good stuff, BUTT, the MACD did trigger a new buy signal this week.


The little guys, IWM, have, NOT, broken out of the box from last week, they tried and fell back, they continue to generate new BBSqueeze signals, so I guess the longer they go side ways the BIGGER the move they are going to make when they finally decide which way they are going to break. 


Of 12 major markets only 1 is not on buy, 20 sma above 50, and it's NOT GLD,  $USD just ticked off a sell signal on Friday.  GLD, even though having three rather large down days, generated a new buy signal, and price stopped right on the 20 sma, giving you a wonderful stop level, should Mr. Phelps decide to accept the assignment and take it long.


In the all important Bull Percent indexes $BPDISC was joined by  $BPINDY and $BPENER with sell signals this week. $BPCOMPQ, STILL, looks horrible, $COMPQ may be making new ATH's but the $BP is practically in CRASH mode .........


"Every SP sector is on buy, EVERY ONE ........... oops, excuse me, down in the lower right hand corner the XRT just triggered a Turtle sell signal on Friday, I guess the American consumer doesn't share the same love of Trump that Wall Street does."
That's what I said last week, and the week before that, and it's still true this week. Housing and energy, XHB and XLE, are right on the verge of a new sell signal, 


Mexico, EWW, is the big winner this week, which probably surprises a lot of people as they thought Trump and his wall were BAD for them, but there were reports of some thing like 150K of theM made a mad dash for the border to get across before Trump gets the wall up, and the stock index popped on the idea of getting rid of them ..........


We dropped from 11 markets closing on new 20 day highs last week to 9 this week, IE, the "TURTLE" buy signal.


The losers dropped this week, going to 20 vs 35 last week, there's a lot of our stuff on here vs a lot of foreign stuff on the list above, I see the FED is doing a great job of totally screwing our markets up as the dollar, GLD and OIL all fell this week, hahahahaha, fricking roach's, ten year yields were up .57% on the week so there's another traditionally correlated asset NOT correlating, it just makes my heart throb to hear we have an FOMC meeting this week, I sure hope she has a press conference, SO I CAN SKIP IT ........................
None of our majors showed up on either of those lists, the winner this week, naturally, was the NasDOGS, QQQ up 2.07%, then the Big Dogs, DIA up 1.35%, then the Little Dogs, IWM up 1.30%, then the in between dogs, SPY up .98%. 


"Here's the beeg wieners in the SP 500 this week, I see nothing I'm even interested in glancing at."
Ditto for this week, again and yet again, they are "probably" all earnings related, and I don't DO earnings, so..............  


Here's the loser's for the week, just a wild guess but I'm guessing this week that they didn't particularly like QCOM's earnings numbers, I could be wrong about that though. MAT is another earnings loser, and I hear the big news on that one are the Barbie sales, little girls are not liking them on FaceBook I guess ...........

I just love this outfit, CAT, they were the fourth best performer in the INDU this week, and it's all because of this:
Caterpillar Earnings Show Lower Revenues, Trimmed Outlook

Hahahahahahaha, that stock just slays me .......... really, it does, it kills me, honestly .....................

Saturday, January 21, 2017

WEEKLY WRAP UP FOR 1/20/2017


Both the Big Caps AND the small caps extended their BB Squeezes this week, and both triggered, the IWM at the top triggering to the down side and the SPY at the bottom to the upside. The thing is they are BOTH HORRIBLE, thee SPY remaining in it's red box all week, and the IWM falling out of it the last two days, they act as if they were waiting on, like, TRUMP??? They sure didn't show it today as they both put on Doji bars Friday, about as indecisive as you can get. 
One thing is for sure, we will move BIG, when we decide to go. 



Both the $NYAD's and the $NAAD's fell out of their LEADING position this week, as they closed below the lows of last week while the COMPQ and NYA did not, a negative divergence. The AD's closed up on Friday so maybe that carries into next week. 


The $SKEW is back up above the areas where we had the worst pull backs in the last three years. 


Of 12 major markets only 1is not on buy, 20 sma above 50, that's GLD,  VWO. and TLT both moved to buy this week, although TLT did it by 11 cents, which is not even a bid spread.


In the all important Bull Percent indexes the only one NOT on a buy signal, $BPDISC, the consumer discretionary sector, got worse this week. Two sectors that continue not looking good are the $BPINDY, the industrials, and $BPENER, energy. The one that REALLY looks bad though is the $BPCOMPQ, I mean, WOW, what's going on there?? Neither the NYA, DIA, or SPY have broken their 20 SMA. 


"Every SP sector is on buy, EVERY ONE ........... oops, excuse me, down in the lower right hand corner the XRT just triggered a Turtle sell signal on Friday, I guess the American consumer doesn't share the same love of Trump that Wall Street does."
That's what I said last week, and it's still true this week. Housing, XHB, is right on the verge of a new sell signal, which fits with the XRT, for if the average consumer can't afford to buy clothes, they sure as hell can't afford to buy houses that are at ATH's!!


Ok, I take back every thing I said about TUR last week, it actually held up for a second week, only falling to third in my 30 markets. I'm a little sulrprised at the numbers, I thought they would be bigger than that, only five were above 2%.
Our best major made the first page this week, GDX up 2.21% ......... ok, so it's MY best major! The actual REAL major winner was those award winning NasDOGS, AGAIN, this week in 29th spot, QQQ up a MONSTROUS .42%, and, AGAIN LESS than last week, the SPY moved into the runner spot, up .09% on the week, although StockCharts says they were DOWN .14%, or a horrendous 31 cents.


Only 11 markets closed on new 20 day highs this week vs 18 last week, IE, the "TURTLE" buy signal. Of the eleven five are new signals, XLB, EWZ, EWO, ILF, XLP, the other six are continuations from 20 day highs last week. Of the new signals XLP has a 2.5% dividend, it broke out over a trend line going back to July, and has a possible INVERTED head and shoulders formation on it, with a "possible" Equal Move target of $55;


Keep in mind some of the stocks in XLP are dollar sensitive, and may face head winds if the Trump dollar rally continues. I have to LOL here, because the dollar just made a new 20 day low four days ago, which explains a big chunk of the rally in XLP, and also kind of  makes some "experts" look a little silly, but there's a lot involved with the dollar, especially in cross pairs and depends a lot on what other Countries are trying to do with their currencies, like trying to make them cheaper to improve their export positions.
Mark Chandler is an excellent follow on "Seeking Alpha" if you are "seeking" guidance on currencies, and much more.

I don't mention any 20 day lows because currently there are only two out of the 80 markets, VXX and QID, and they are both short funds, meaning if you BUY them you are actually SHORT, eeerrrr, well, maybe you aren't, you could be over 6' tall for all I know, or of course, if you are the manager of a SHORT only fund and want to sneak in a LONG of the market you could short the funds, making you long, and this is getting a little long, and I'm sorry I mentioned it..........


We picked up more losers again this week, going to 35 vs 25 last week, there's old reliable in the no. 2 spot, EGPT, Russia has been sucking it a little bit as I guess "they" think Trump might be harder on him than that last thing was. Bonds were down, TLT -1.60%, meaning interest rates were up, USO was down 1.30%, so, NATURALLY, the dollar was ALSO lower, UUP wasn't, it was down .61%, La De Da, just another one of those SUPPOSEDLY unbreakable CORRELATED assets that is not working!! The DIA got a break this week, down .40% vs down .41% last week, hahahahahaha, but at least they weren't the worst this week, that honor belonged to the little guys, IWM down .62% for the week.
One thing I will say, when you look at the major's numbers the last few weeks it won't be any fun until they start making DAILY moves that are more than those WEEKLY moves we've been getting. 


"Here's the beeg wieners in the SP 500 this week, I see nothing I'm even interested in glancing at."
Ditto for this week.  


Here's the loser's for the week, just a wild guess but I'm guessing they didn't particularly like C and GS's earnings numbers, I could be wrong about that though.

Saturday, January 14, 2017

WEEKLY WRAP UP FOR 1/13/2017



The $NYAD's at the top look great, they are leading the markets higher, which is what we want to see.  The $NAAD's are a different story, they look better than last week but remain inside a triangle and have not gotten over the highs made the week before, which would be no big deal if they had not made ATH's on four of the five days this week. One good thing is they closed out the week with 119 52 week highs, which was the high number for the week. 




These are the Fibonacci extension numbers for the RSP, SPY, DIA, IWM and QQQ. The IWM has by FAR the greatest possibility of extension from current prices, it calc's out to $155. In contrast the new ATH's babies down at the bottom, the QQQ, have the LEAST amount of extension, only a couple of points higher from where it is now. The Q's have the best looking MACD, which has crossed over to the upside, the others all have some humongous divergences working, which, in the old days, I might say that's a little worrisome, but I have no doubt Ms. Yelling and her cohorts will take care of it, no problemo ..........
The Q's are also unique in that they are the only ones NOT in a bollinger band Squeeze, the red boxes on the other four represent the six to nine day squeezes they are currently involved in, the IWM chart below shows the "Squeeze":


The "RSqueeze" means we can expect a BIG move when we break out of the boxes, the Squeeze will signal a direction when the break comes and not before, one way or Da Udder.

DISCLAIMER: the extension calc's don't mean a damn thing, they may not even go higher, that's just what the program says are the "POSSIBILITIES" ............


Of 12 major markets only 3 are not on buy, 20 sma above 50, TLT, GLD and VWO. VWO is one up day away from a new buy signal. In some what of an inigma all three of those markets are on "TURTLE" buys, all of them made new 20 day highs within the last two days, the only other market on a Turtle is $CRB.

In the all important Bull Percent indexes only one is NOT on a buy signal, $BPDISC, the consumer discretionary sector, quite a surprise to me as I assummed the consumer staples would be the first sector to fall to the stronger dollar. Two sectors not looking good are the $BPINDY, the industrials, and $BPENER, energy, the 20 sma has curled down on the industrials and price is in danger of falling through the 50 sma, same with energy. Both of them though have a positive up sloping 50 sma, which is not the case with the staples, $BPSTAP, they have a negative sloping 50. 


Every SP sector is on buy, EVERY ONE ........... oops, excuse me, down in the lower right hand corner the XRT just triggered a Turtle sell signal on Friday, I guess the American consumer doesn't share the same love of Trump that Wall Street does.
There are only two Turtle buys, XLK and XLY. XLF made a new 20 day high but did not close there, it gapped up on the BAC, JPM and WFC "FAKE" earnings news, and the Da Boyz did what they do best, they punished the Johnny come latelies that bought the new highs. They may continue to sell off next week as Da Boyz try and pick up as much of their stocks as they can at lower prices.


TUR went from worst to first as the big winner in my 80 markets, I mean, even a turkey is bound to bounce sooner or later. UNG in the number two spot is in keeping with the turkey's bouncing as they were like the worst last week. None of our majors made the front page, you have to go to page two to see our major markets, those award winning NasDOGS were the big winners, AGAIN, this week, QQQ up .84% LESS than last week, up 1.01%, you have to go to the third page for the runner up IWM, up .41% on the week, then you have to go to the next list for the others.


Here's the 18 markets making new 20 day highs, IE, the "TURTLE" buy signal, one thing that's obvious even to me is all the GREEN on those markets. Of that bunch these are the markets breaking out over the previous highs, IE, they don't have much, if any, resistance over head, EWG, EWJ, EWQ, EZU, QQQ, XLK, XLY is right on resistance, and XLF would have joined that bunch if it had held the new high.


The losers more than doubled this week, 25 of them, EGPT showed up in the three spot after a brief respite last week, EWW is here again down in the eleven spot, the dollar was down .95% this week which SHOULD have sent oil higher, but not to be as USO is in the four spot at -2.31%, that of course put OIH and XLE on the front page, I have NO idea why oil would be weak in the face of the MASSIVE demand for oil Trump is going to creat. Another strange one is ten year interest rates went DOWN 1.57% this week but both IYR and XLU are on this list. Our worst major is the big boys, DIA down .41%, just ahead of Putin, SPY was down only .07%, or 16 cents, which is probably less than the slippage on a day trade. 


Here's the beeg wieners in the SP 500 this week, I see nothing I'm even interested in glancing at. 


Here's the loser's for the week, it wouldn't surprise me to find out some of these got TRUMPED, again I have no idea why TSO is on this list, they should be flying with the huge demand for fuel Wall Street says is coming. Speaking of surprises, I'm kind of surprised to see only 230 stocks out of the 502 were higher this week, just, well, kind of surprising.


Here's the SP stocks on 20 day lows on Friday, I only mention this because of some of them showing up on this list, like WMT, AZO, TGT, KO, K, PEP, M, PVH, PSX and TSO, and again, if every thing is so fricking great why are these big time stocks showing up on the lows list???

Friday, January 06, 2017

WEEKLY WRAP UP FOR 1/6/2017


Woooo Hoooo, GREEN SHOOTS, GREEN SHOOTS, yeeeeeee haaaawwwww, the NasDOGS closed Friday at ALL TIME HIGHS!!!!!!!!!!!!!!!!!!!!!!

Hhhmmm, it may have nade new ATH's but it's doing it with out any money flow as both the MFI and CMF are showing severe divergences, and the ROC is going right along with them and in danger of crossing below the ZERO line, AND:


Even WORSE, the $NAAD's have fallen against the new highs the last two days. I mean, ok, it nothing on that chart, but, Ya know, the BIGGEST moves have to start some where. I wouldn't even dream of trying to short them though unless they got at least under last week's low. 
Here's a good one:

Wall Street’s Most Outspoken Stock Bull Reverses, Now Top Bear

That would be Tom Lee of course, I mean, wooo hooo, now that he's on the bear side I can finally buy the Dogs ...............


Ok, enough fun, every one has to do their own thing, on to the big winners in my 80 markets, and the first page is all Furr-a-ners, well, accept for OIH, GDX, IYR, and XLV, you have to go to page two to see our major markets, those award winning NasDOGS were the big winners this week, QQQ up 1.85%, half of that gain on Friday, then the SPY at 1.27%, DIA at .77%, with the losers being the little guys, IWM up .24%, which is funny because they have been DEAD FLAT since they made ATH's over three weeks ago. I'm just guessing but they may be waiting to see if we get TRUMPED in a couple of weeks. 


There was only 11 losers this week, hardly worth mentioning, three of those were inverse funds, two were TUR and EWW, both of which we know have problems, at eight and nine we get quite strange as the dollar was DOWN .49% for the week, AND, OIL was DOWN, USO down .34%, which makes perfect sense in this market as that's almost an impossibility. 
The one logical one was the winner up at the top, UNG down 14% on the week, as the payroll report showed Baby Boomers starting to retire En masse, which means, of course, THEY CAN'T AFFORD TO BUY NATURAL GAS!!!


Here's the beeg wieners in the SP 500 this week, and, WOO HOO, FCX was in the numero quatro spot, meaning, of course, I'm losing less money that before, hahahahaha, GDX helped a little this week. The one big THEME about the winners is that there is none. 


Here's the loser's for the week, if you don't know why there's so many retail names on the list, well, even I know why they are down, so, geeze, I DON'T however, know why TSO and VLO are on the list, or VMC for that matter as we all know The Donald is going to send it to Da Moon ....
It's so hilarious to see names like "T" on the list, as I read an article in Seeking Alpha that gave me, AT LEAST, 50 reasons why T is the absolutely GREATEST stock in the history of the WORLD, and I should own it ...... wad ever. It's like that dog XRX being the big winner this week after it spun off the out fit that former CEO thought was going to take it to the next level, which it DID, AFTER, they got rid of it!

HAHAHAHAHAHAHAHAHAHAHA...............HAH!!!!!!!!


Ya Know, with us being the most technologically advanced Country in the world, with the biggest and most computer geeks in the world, just how in the HELL could Russia hack us with out either our Government knowing about it, OR, more likely, our Government ALLOWING it, so they could claim foul in the election .................................

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