Saturday, February 18, 2017

WEEKLY WRAP UP FOR 2/17/2017


(click for larger image, I hope)

Both the CUMULATIVE $NYAD's and $NAAD's look GREAT, wooo hooo, HOWEVER, it's my job to, MYSELF, to take notice of things that are not right, and with all the major indexes closing the week at new ATH's it's rather odd that the ACTUAL number of issues going higher in the big index, $NYA, was below ZERO the last two days, IE, more stocks were going down than up.


My Market Monitor has a similar situation on it, this keeps track of over 2800 stocks that trade over 100K shares a day and have a stock price of more than $5, it's bad enough that that bunch has a lot red on the bottom line over to the column with the green arrow, but the columns following that involve the SP 500 and the $NYSE which have the PSAR and CCI and 52 wk highs/lows and they are just as bad, there's just not a lot of OOMPH behind the rally.
The column with the green arrow is the one I talked about last week, has been all red accept for one day since January 9, this is the stocks that have the 20 sma above the 50 sma, the box's are red when the total is less than the prior day, so since 1/9, while the indexes are making new ATH's and every thing is wonderful with the world, 512 FEWER stocks in my universe were trading above the 20-50 sma cross. Well, we finally started getting a positive turn in these numbers, as we closed with 33 stocks more than last week getting a positive SMA cross, not any thing to dance in the streets about but at least a little woo hoo ..........


Hahahahahahahaha..... perhaps the greatest "paint the tape" on a Friday afternoon to get us positive going into the Holiday weekend example that I've ever seen ........... and people still say there's no manipulation, hahahahahahahahahahahaha.


WOW, could this be a developing Head and Shoulders bottom in the Baltic Dry Index? Is the disaster that is SHIPPING coming to a close?? Was the Hanjin BK the end of it???? Can I put four question marks here ....  ????....?


The performance YTD has been impressive for the "bulk" of the shippers, as only 14 out of 53 in the sector are lower, but lets just take a look at one of the charts, say, the leader at the top of the group:


Not exactly terrific looking, and pretty typical for the group. and I'm not EVEN going to mention that this "leader" has a stock price of $7.44 while it's EPS for the last year is minus, that's, MINUS, -10.13, not exactly some thing I would risk my IRA's on.  
By the way, the green boxes on the list are just shippers that I used to screw around with years ago and not, NOT, a recommendation to buy any thing. I used to trade them AND they were nice dividend plays, like NM and NMM, but they now have NO dividends. 28 out of the 53 DO have dividends, and if you are interested, I would say that SSW, Seaspan, with a 18.38% dividend, MIGHT, be interesting. 

Seems a little strange, doesn't it, that with all the love for the Trump trade the shippers aren't doing jack shit .....


Hahahahahaha, I'm laughing because I actually heard an ANAL-yst on Bloomberg yesterday mention "earnings" and the SP 500 in the same sentence, hahahahaha, god, what a joke this market has been, how I long for the good Ole days before the A-HOLE FED was involved in their MASSIVE manipulations, sigh ............


I'm going to show the 20/50 SMA cross over charts again because, well, things are starting to happen again, although not much. My 12 "major" indexes are all on buys, although the three at the top and the $NYA are EXTREMELY stretched, but, every one says that's GOOD, so I guess it is. ANYWAY, the dollar, $USD, is the only one on a sell, 20sma below 50sma, and the only reason I mention THAT is because the $CRB, just to the left of it, appears to be rolling over, which doesn't make sense, hence it caught my attention. 
By the way, and this is HILL fricking larious, we had the worst possible chart set up you can have when the DIA, IWM, SPY and NYA all had the dreaded HANGING MAN candle on them Thursday, and THEN gaped DOWN on Friday, I mean, that is an END OF THE WORLD type of chart set up. Well, hahahahahahahaha, that's one of the reasons for the "paint the tape" thing above, I mean, absolute bull shit, but, sigh, wad ever, it is wad it is ..........


I am, like, completely stoked out Maaaannnnnn, in the all important Bullish Percent indexes the fricking $COMPQ has gone into a SELL, but don't get me wrong, if you look at the top line all three of them have blasted higher the last week, the price that is, eeeeerrrrr, number of issues moving higher in the index, it's just interesting that the leader of the pack is so u-gilly looking as far as the depth of the advance. It joins $BPDISC, $BPENER, and $BPINDY on the sell side, or at least, the WEAK side. 


NATURALLY, with the indexes closing at ATH's on Friday, all the sectors did as well ........... OOPS, XLE and XRT closed on sell signals, but that can't be, as the consumer should be spending out the Ying Yang on gas and retail goods with the Trump Pump, right? RIGHT?? RIGHT???


Here's the winners in my 80 markets I monitor for the past week, I made some deletions and additions, mostly the inverse indexes as that's kind of, well, stupid to count them with the positive indexes.
For the first time in, well, I can't remember how long, our majors showed up on the first page, QQQ was the leader at 1.91%, then the Big big boys, OEF, at 1.86%, then the Big BIG big boys, DIA, at 1.55%, then the SPY at 1.55%, you had to go to the second page in 36th position to find our worst performer, IWM "only" up .85%, or extrapolated to 44.2% a year return, woooo hoooo ........... that DOES happen EVERY week, right??
One of my holdings is on the list, XLI in  13th, but it was with options that expired on Friday, and I didn't roll forward, sooooooo, I guess I'm going to miss out on the 1.8% gain next week ............


I just can't believe it but there's losers, 22 of them to be exact, and surprise of surprises Trump's buddy Putin is the big loser this week, RSX down 2.354%, or, maybe all the oil stuff being down has more to do with it, like OIH, XLE, DBC, USO, GCC or GDX, I only mention GDX because every thing Putin says is GOLD ....... he he he ...............


DESPITE the close at ATH's the indexes closing at 20 DAY HIGHS, DROPPED, from 31 last week to only TEN this week, just another one of those little, aaahhh, things ......
Only two are carry overs from last week, XLP and QQQ, only seven of last weeks 31 that closed at 20 day highs were not higher on the week, that's a 78% win rate, only one index closed at a 20 day low this week, EPHE, and I don't exactly think they will bring down the rest of the world with them.


"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 I have no idea who or what MNK is, I, DO, however, know what the number 10 stock is, CSCO, they were up 7.08% on the week because they beat NON-GAAP earnings, IE, FAKE NEWS, by ONE CENT, 57 vs "expected" 56 cents, AND, those earnings were FLAT YOY, AND, sales FELL 2% YOY, all, IMHO, very worthy of a 7.08% pop in this stinking POS, frothy indeed ya think ..................


Here's the big losers this week, I guess no ones TRIPPING out, eeerrr, or, no ones taking TRIPS, eeerrrr, or, that things a real TRIP, eeeeerrr, or, aaaahhh, ok, I'm done, ok, I'm not, number two is obviously a real FOSSIL ............ ya know, number 4, they have a cure for ZITS, and number three, well, how many times have I talked about this absolute stinking POS, CPB, my god PEOPLE, they make SOUP, as in SOUP LINES, and surprise surprise, they MISSED earnings,,, ....... if you were in it you deserve the 6.5% dump, with it's 27.5 P/E, 2.28 P/S and 5.19 PEG, the last one being indicative of every thing wrong with it! Don't get me wrong, I don't want any nice individuals like me to lose money, and I LOVE the company, it's just that I can't stand the valuation Da Street is making you pay up for it ............. DON'T DO IT, there's other things!
Speaking of a POS, number six, FCX, it's down because I'm in it, AGAIN, hahahahahahahahahaha ............. it's has the worst possible technical set up, it broke a rising wedge to the down side:


I mean, it's SO BAD, I couldn't help myself, hhahahahahahaha ........... not only is the technical bad, it broke to the down side on GREAT NEWS, as Indonesia granted them the permit on the Grasberg mine, some thing had to be wrong and Lo and Behold we find out, LATER, FCX filed a force majeure as they don't agree with some features of the permit. Wad ever, I'll ride it to ZERO if I have to, then file a class action suit against, ME, and get ALL my money back, wooo hooo............

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