Friday, March 24, 2017

WEEKLY WRAP UP FOR 3/24/2017


(click on image for normal view, I hope)
The $NYSI continued to roll over this week, down 98 points, and continues to exhibit a huge divergence with the $NYA. 


The $NAAD's continue to basically move side ways, they did hit a low this week that goes all the way back to December, so if they and the $COMPQ were working together the $COMPQ "should" be about 10% lower, but of course, it's NOT, thanks to Yellin and her cohorts at the FED. It's wonderful how they try to force "investors" to buy this at the second highest valuations in the history of Mankind, and then claim, nor could they see, the second biggest bubble in history. Wad ever .........


This, USED, to be, my most favorite shorting pattern of all time, you get the initial drop, which we had on Tuesday, then we go side ways or slightly higher for a few days, IE a bear flag, and then CONTINUE in the direction of the original move, my mentor Toni Hansen called this the Avalanche set up. Of course, it's now the FED's favorite pattern as well, as they use it to squeeze the shit out of any one stupid enough to try and short it, as shown in the prior two red circles.
I am currently, NOT, gambling on trying to see if this time is different. 
As you can see on the indicator page on the left every one of them turned down on the 2nd trading day of March, the ROC has crossed the ZERO line and is on SELL, the MACD has been on SELL and is about to cross the ZERO line, and on the right side chart the BBSqueeze in the red circle has triggered to the DOWN side for the first time since the election, its on day four and "usually" lasts eight to ten bars, and the Woodies CCI has been on SELL since that infamous 2nd trading day of March. Other than that, every thing looks fricking GREAT .........................




The $TRAN joined the $CRB and TLT on sell signals in my 12 major markets this week, 20sma below 50, the IWM is just a gnats ass away from it's own sell signal, it also shows the same pattern as the SPY and has a black candle to boot. You can see they all look the same, DIA, $TRAN, $COMPQ, SPY, $NYA, they all have the avalanche look to them. The VWO has it as well, but it's above the 20 SMA, which probably helps it a lot, plus since the FED doesn't manipulate the emerging markets per sec, their valuations are about 40% lower than American markets, testimony to how effective the FED is.


Five of the 12 all important Bullish Percent indexes are on sell, but luckily it's just the little insignificant ones like $BPNYA and $BPCOMPQ, composed of some 5900 stocks, hahahahahaha, $BPINDY is one day away from joining the sell party, while $BPMATE, $BPENER and $BPGDM continue to party as if there's no tomorrow. The BP's reflect the poor internals very well. 


It remains XLE, XRT and XME as the SELL sectors again this week, like the third week in a row. 


Once again I see NONE of our major markets on the first page of the winners in my 80 markets this week, TLT was our major winner, up 1.89%, they won by default as they were the only major higher on the week,  GLD, SLV, GDX and XLU were our sectors on the first page.


Only 5 markets closed on new 20 day highs this week vs 22 last week, ALL of them are continuations from last week's list, and 12 of the 20 from last week were higher this week for a 60% win rate.


I'm including the 20 day lows list this week, there's only eight of them, more than the highs, but it's whom is on the list, DIA, IWD, IYT, OEF, SPY, VTI, XLI,  all those itty bitty little outfits that don't mean any thing closed on their 20 day lows Friday. It will be interesting to see if we get any continuation next week, although I highly doubt it as Grandma Yellin is probably already having a heart attack and pumping a few billion bucks into Goldman and JPM with instructions to jam the futures higher Sunday night.  


The loser's were Legion this week .... well, at least as far as our majors were concerned, as they were all lower, there was actually 48 losers in the 80 markets, IWM was the "winner", down 2.87%, followed by the Big Boys, DIA down 1.49%, then SPY at -1.34%, with the Nasdogs the big winners, QQQ down .80%. It's, ALMOST, ALL of our stuff on that loser winners, with EWA down in 19th spot as the only NON American outfit.


Here's the beeg wieners in the SP 500 this week, 120 of them to be exact, MU was the winner as they were up 7.4% Friday on an earnings beat of 4.4%. I don't really see any consistent sector on that leader board.


Here's the winners of the losers, actually the losers were BIG winners with 380 of the 500 being lower, eight of them have been on this list quite a bit as they have red numbers through the past year, FTR, FSLR, MNK, M, KSS, LB, F, TSO. I notice BAC was down 7% this week so I'll start watching it, but I really won't get REALLY interested until it hits about $3 .........

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