Friday, May 26, 2017

WEEKLY WRAP UP FOR 5/26/2017


(click on image for larger view, I hope)

Just like last week I'll lead off with those unstoppable NasDOGS, closing at new ATH's for the week. 
Ya know, I know it's just ME, but some people would look at that big red bar down, and then the seven GAP UP days in a row, and say that's the most beautiful thing I've EVER seen!
Me, sigh, I think it's the UUUUUUUU-gillist thing I've seen in some time, but, that's just me, now, YOU, should "probably" buy it, but don't say you heard it here. 

NO, this is NOT the same chart as last week, it just appears that way, it's actually the sameo sameo stuff, new ATH closing highs and a $NASI that is much lower than it was almost a year ago. If you look very closly, we actually got a tiny hook UP this week, so, that's good.


This is the percent of stocks above their 50 day sma in the NasDOGS, they went higher for most of the week and then closed lower on the ATH Friday close, which, is ALWAYS a good sigh. 


Yaaaaaay, here's a good one, the $NYAD's are leading the market higher, which is ALWAYS a good sign. 


And then of course there's some thing like this, where the $NYHL has been going down since early December, which, of course, is a GOOD sign!

NOTE: GENERALLY speaking, when I say "GOOD sign", it's good as it will keep the FED in panic mode ready to dump billions of CYBER fake money into Goldman and their Bro's on Da Street, with orders to hold us up. 


I'd show some thing like the number of stocks in the SP 500 above their 200 MA has been declining since the high on March first, but it would just show the same thing as the rest of the charts so I'm not going to bore any one by showing it. 


Once again my Market Monitor closed with a ton of red on that bottom line, note worthy is the one on the far right where despite closing on ATH's the $COMPQ had -166 in the A/D's.
Of course, it happened last week and didn't mean diddly squat so I would expect the same next week, but, you just never know ........


WOW, I have to admit this surprised me, as moved to five markets on sell signals in my 12 major markets this week, 20sma below 50, vs only three last week, with the $TRAN and IYR joining the $USD, $CRB and GLD. The $TRAN are typical of the stinky breath as they went to sell despite being UP seven days in a row, mainly because half of the 20 stocks in the index are lower over the last month.


Just when "the all important Bullish Percent indexes" got better last week, they sucked this week, with the $BPNYA reversing its buy from last week, $BPCOMPQ is still on buy but only by FIVE measly cents, seven of the twelve $BP's are on sell, joining the blah blah blah about the "breath".  The $BPSPX continues to look just awful, but not to worry, that's just a minor little index.

The sectors continue to look, Ya know, all right, with only XLE and XME still on sell, XLF joinedd the buy party this week by a whopping THREE cents, hahaha,  and I guess you could say XRT is still on buy, even though the 20 and 50 are in a dead heat. The only thing holding it up is BBY. 


Our majors finally starting showing up on the first page of the winners in my 80 markets last week, with the NasDOGS in the 5 spot, QQQ up 2.45%, SPY in 15th up 1.43%, and the DIA just slipping in at 20th, up 1.33%, the risk on boys, the little guys, were on page two, IWM up 1.11%. It was a big week for the IYT I mentioned above, I guess because of the lower oil prices, 52 of the 80 markets were higher this week.


Eleven markets closed on new 20 day highs this week vs 14 last week, NONE of them were continuations from last week, and even with the good performance in the 80 markets this week TEN of the 14 20 day highs from last week closed LOWER this week, the stinking roach's, for a lousy 28% win rate, the worst week I think I've had. What a sucky concept, that ten of the 28 loser's this week were from my list last week, sigh, wad ever .........

Only two markets closed on 20 day lows, VXX and OIH, $USD, the only loser last week, was, NATURALLY, up .34% this week.

I, COULD, say some thing stupid about how stupid it is that the dollar was UP on the week WITH SLV and GLD ALSO being higher, but I might look stupid saying some thing that stupid, so I won't say it...................


Here's the winners of the 28 markets that were lower this week, I got too many oil related things in the list, I may look at deleting some and adding others, I could probably get rid of DBC. I guess Merkel lost out in her globalist arguement against the Donald's progressive ideas at the G-7 this week as EWG is on the first page at -.55%. 

Here's the beeg wieners in the SP 500, which I only do for those of you that might be interested, I barely looked at it.


It's not on the list but Softbank said they were going to raise their stake in NVDA, soooooo, let me get this straight, they hated it way over on the left side at $20, but loooooove it at $141 and a P/E of 48, PEG of 4 and P/S of 11, hhhhhmmmmmm, I SWEAR I've seen this chart before, oh, yea, I remember, some thing called the Dot com bust. Not saying that's going to happen of course, but I guess I'm missing some thing, this IS NVDA, right?
I will say the earnings look WAY up this year, so I guess that explains it, as that means they will NEVER go down again ......... just like MU.


AS you would expect there's a lot of oil on the loser's list, I have NO IDEA why AAP, TRIP and HP are in the 3, 4 and 5 spots, but I DO have an idea why FOSL continues on it's merry March to the south .................
You get an idea of "continuation" looking at the table, as 16 of the loser's have RED all across the boards from last week to YTD and the last year.

When restaurants fall into recession, the 2nd yr is a recession. - Paul Westra on the last Adventures in Finance

Friday, May 19, 2017

WEEKLY WRAP UP FOR 5/19/2017

(click on image for larger view, I hope)

I just wanted to show the NasDOGS to set up the items that follow, mainly that the COMPQ made a new GAP UP ATH's on Tuesday, then had the biggest gap down day of the year on Wednesday, giving a sell signal on the MACD, then did the typical rally but failed to get back over the open from Wednesday. 
Now, in the days of YORE this would be a HORRIBLE set up, usually resulting in about a 50% drop. But in days of NOW, Grandma Yellin and her gang of cut throats just kill for a sell off like Wednesday so they can print up a few trillion and give it to Goldman and the rest of Da Boyz on Da Street with orders to buy the shit out of Da Market!
Of course, one of these YORES, this ain't gonna work any more, but I'll believe it when I see it. 


This is actually a new $NASI chart, but it's exactly the same as last week and the week before that. The vertical red line is the new ATH's made on Tuesday, which resulted in absolute jack shit as far as the A/D's were concerned, and then dropped the rest of the week.

This is the percent of stocks above their 50 day sma in the NasDOGS, on the ATH day 55 stinking percent of stocks in the NasDOG were ABOVE their 50 day sma, hahahahahahahahahaha ............. luckily they closed the week just off of those ATH's and the percent dropped to 46%, I say "luckily" because Grandma may get a little concerned and drop a few more trillion into Goldmans lock box over the weekend. 

I'm not going to pick on just the NasDOGS, the $NYA "DOGS" are just as bad as shown by the $NYSI and $NYA50R shown above, they are just really really great stuff, yes indeed, they are ........................................


We stayed at three markets on sell signals in my 12 major markets this week, 20sma below 50, the $USD and $CRB, with GLD joining them despite the last three days in price getting back above the 50 and 20, GLD was also higher on the week with that dollar weakness. The $TRAN and IYR are just a gnat's ass away from new sell signals, a down day on Monday would do it.


I say "the all important Bullish Percent indexes" every week, but they truly are, important that is, and they got better this week, finally, it looks like the $BPNYA, $BPCOMPQ, $BPHEAL and $BPFINA joined the party with $BPDISC, $BPMATE and $BPGDM, the $BPNYA did it by a whooping TWO CENTS, hahahaha ............. 
I would be remiss if I didn't mention that the actual PRICE of the BP's for the NYA don't look good at all COMPQ, and the $BPSPX continues to look just awful. 

The sectors continue to look, Ya know, all right, with only, XLE, XME and XLF still on sell. Un-fricking-believable that XRT is still on buy. 


Oil was the big winner this week, with USO at the top and OIH and DBC right behind, as I guess with the Saudi's and Russians agreeing to artificially keep oil at high prices made every one want to rush out and fill up their tank, or run the generation stations more charging their Telsa's, as I guess every one owns a Telsa, RIGHT?? And, uuummm, lets see, hhmmm, none of our majors made the first page other than TLT, and in MY case GLD, and even though 50 of my 80 markets finished higher on the week I'll be a son of a gun but I can't find ANY of our majors

Fourteen markets closed on new 20 day highs this week vs 13 last week, and weird of weirdness FXF was the winner of that group, plus FXE is also on the list. AAXJ, EPU, and EWU are continuations from last week, 7 of the 13 from last week finished higher for a whooping 53% win rate this week, luckily I brought a million dollars of the seven winners and only $100 of the six losers, hahahahahahaha ..... yeaaaaa, rrrrrrrrright .......................

Only ONE market closed on 20 day lows, $USD, down 2.03% on the week, helping oil and PM's a LOT! The loser last week, THD, finished 1.07% higher on the week, continuing the new "Tradition" of the WORST being the BEST, IE, No continuation.

Since I don't trade any of these stock markets that are either the second or third most over valued POS's in the history of MANKIND, I'm screwing around with the metal that has been a staple through out history, eeeerrrrr, the outfits that dig it out of the ground that is.


I'm in GDX, it made a nice double bottom and bounced, but unfortunately REEEEEEE ............ jected, right at the top of the triangle, that's the top part of that chart above. One thing that gives me a little hope is the GDX A/D's made a higher low in May and then a higher high, but we need to hold here and break above the top of the triangle, a break and hold of the lower line and I'm OUTTA THERE!


Here's the winners of the 30 markets that were lower this week, congratulations to IWM for making the front page, AGAIN, our worst major this week, AGAIN, at -1.08%, two tenths worse than last week, the DIA was next at -.59%, then  QQQ down .55%, with the SPY being our big winner, only down .28%.
EWZ was the REALLY big winner on  the week, down 12.03%, as, SHOCK of SHOCKS, they found out in Brazil that the President that was a prior CROOK is STILL a crook, hahahahaha, reminds me of THIS country for the last two decades, that dragged South America down with it, ILF down 6.97%, and KRE was down 1.94% as all the bribes they were paying him are going to be for naught........... just kidding of course, he he he, there's no corruption in Governments ..............................


Here's the beeg wieners in the SP 500, which I only do for those of you that might be interested.

I guess BLL did a split, while FL did an UN-authorized split, as I guess the consumer can't afford shoes, the sooner they get CSCO out of the INDU the better, FOSL continues on it's merry March to the south .................

Friday, May 12, 2017

WEEKLY WRAP UP FOR 5/12/2017

(click on image for larger view, I hope)

Just like last week he $NYAD's continue to be just fine, not terrific, just fine, they are going side ways, WITH the market, not leading it, just cruising along with it. It,The $NYA is, PROBABLY, waiting for the $INDU to make it's move to 51,000 that some one is shilling, I would IMAGINE that IF the DOW did go to 51K, the $NYA will PROBABLY make new ATH's as well. 


The $NYSI continues to be just, aaaaahhhh, lousy, setting up negative divergences against NEAR ATH's in the markets, and NOT looking like 51K at all. 


This is the SAME $NASI chart as last week, I was going to put the new one up but it looks EXACTLY like this one, hahahahaha, actually, I mean to say SIGH, as that means the market is not doing a damn thing, other than making new ATH's this week with declining advancers.


Here, these are the actual $NAAD's, which show the piss poor breath a little more graphically. Previously, in DAYS OF YORE, this led to 50% declines, but I guess the Ahole FED has solved all of that nonsense, so you'll just have to pay up for the second most expensive market in the history of mankind if you want to get in, that's going by the Shiller CAPE P/E.  


We dropped to three markets on sell signals in my 12 major markets this week, 20sma below 50, the  DIA and $NYA, joined the FED party this week, the $TRAN is a gnats ass away, although it has been down four of the last five days, the DIA has a 20 sma going at a nice angle higher but the 50 sma is turning DOWN, very unusual, but that's because of the huge gap after the Frogs elected a commie bastard, the index has gone now where since then and was lower four days this week. Ok, maybe he's not a commie, just a socialist like the last 8 years in this country.


I say "the all important Bullish Percent indexes" every week, but they truly are, important that is, and UN-fricking-believably they are still showing big weakness with TEN of the 12 indexes on SELL signals, the only two major indexes NOT on sell are $BPDISC, which improved this week, and the gold miners, $BPGDM, although it looks REALLY bad as the only reason it's not on sell is the 50 sma is crashing faster than the 20 sma, geeze .................
This shows the weakness in the markets, as just a few of the mega caps are holding the markets up. 


The sectors had a good week gaining one on the buy side, XLV, leaving just three on sell, XLE, XME and XLF.


Brazil was the big winner in my 80 markets this week, EWZ up 5.72%, as they may have avoided depression with GDP "EXPECTED" to be a MASSIVE 0.02% in 2017, their April PMI registered the first rise in two years. GDX was number two, up 5.43%, with the new ATH's people are fleeing to the "safety" of gold, I guess. We had one major on the first page, the NasDOGS , QQQ up .77%, then the second best GAINER was, aaaaahhhhh, eeeerrrrrrr, hhhhmmm, on the NEXT list I guess, we had only 29 out of 80 markets on the gainers list this week.


Thirteen markets closed on new 20 day highs this week vs 27 last week, EIS and EWU were the only ones from the list last week that I could see, and also the only winners, for a horrible win rate of .07% this week, the worst win rate this year.

Only ONE market closed on 20 day lows, THD, of the three last week only UUP was, aaaaahhhhh, UP, .63%, VXX was down 2.84% and EWA -1.57% for nice continuations in both. 


Here's the winners of the 49 markets that were lower this week, congratualations to IWM for making the front page, our worst major this week at -1.06%, the DIA were next at .36%, then SPY at .30%. Spain was the worst market this week, EWP down 3.57%, but if you look it has all green boxes over the last year, so I guess it was due for a rest. 


Here's the beeg wieners in the SP 500, NVDA can do no wrong, beating "estimates" again, and jacking it's P/E to a cozy little 50.95, hahahahaha, I have NO IDEA what the thesis is on this thing, so good luck to whom ever is in it. I guess AAPL was higher with a delayed reaction to its missed earnings, it was getting CRUSHED in the after hours Friday after some disappointment in leaked releases of the new Iphone, down ONE CENT after hours ...............


I guess FOSL really IS, that is, a FOSSIL, although they aren't alone as M, JWN, KSS, URBN, TSN, RL, all retail names that made the loser's list this week, as I guess some one forgot to tell the CONSUMER about the WORLD WIDE ECONOMIC BOOM ...............................

Friday, May 05, 2017

WEEKLY WRAP UP FOR 5/5/2017

(click on image for larger view, I hope)

The $NYAD's continue to be just fine, not terrific, just fine, they continue to go higher WITH the market, not leading it, just crusing along with it. The $NYA didn't make new ATH's on Friday so it's ok that the NYAD's didn't either, although I would prefer that they did. 


The $NYSI continues to be just, aaaaahhhh, lousy, setting up negative divergences against NEAR ATH's in the markets. 


In sharp contrast the $NASI continues to look awful, diverging against the ATH's going back as far as last December. Like I say every week, back in the days of Yore, SIGH, this would NOT be a good sign, but who knows in the current conditions.

Here's another one that goes along with the NASI even though it's not directly related, the SPY made new ATH's today but the stocks above their 50 day SMA are about 18 percentage points LOWER than when they last made ATH's on March 1st. This IS related to the NASI in the sense that it shows how, "THEY", are pushing the WEIGHTED indexes to new ATH's with a lower number of stocks using the MEGA stocks to do it with, I read some where that some thing like 10 stocks make up 40% of the gains in the SPX this year. Wad ever. 


We stayed at five markets on sell signals in my 12 major markets this week, 20sma below 50, the IWM and SPY managed to stay or join the buy side this week,  leaving the DIA, $NYA, $TRAN,  $CRB and $USD on sell.


I say "the all important Bullish Percent indexes" every week, but they truly are, important that is,  and they are still showing big weakness with TEN of the 12 indexes on SELL signals, the only two major indexes NOT on sell are $BPDISC (just barely), with GOLD, $BPGDM, joining the buy party this week and $BPINFO leaving last weeks party, $BPSTAP is on sell but very close to a new buy. 


The sectors had a good week gaining two on the buy side, leaving just four on sell, XLE, XLV, XME and XLF. XRT and XLI are the two that moved up.


It was a good week for our markets with the NasDOGS our major leader, QQQ up 1.14%, then then SPY at .68%, then DIA at .33%, but RELATIVELY speaking it was a horrible week as we didn't have one single American index on the first page, it was all European and other Foreign shit, IWM was actually DOWN on the week, a massive .05%, or seven cents, which is probably less than the spread on the bid.


Twenty seven markets closed on new 20 day highs this week on payroll day vs 9 last week, EWD, IWF, and QQQ closed on 20 day highs AGAIN this week, six of the nine from last week were higher this week for a .6666666666666 winning percentage, the three losers were JNK, TUR and XBI.

Only three markets closed on 20 day lows, VXX, EWA and UUP, compared to 2 of them last week, ECH was higher on the week and SLV, well, hhhhmmmmm, SLV:


It was down 4.91% on the week, BUTT, after 13 days in a row DOWN it actually had a POSITIVE day today, which is REALLY strange, for with the GOOD payroll report you would have THUNK that the DOLLAR would have been higher sending the PM's DOWN, but you would have THUNK wrong, the dollar was down. There wasn't much volume on the bar, meaning I don't see a blow off low like the volume we had last December and November, plus I would think we would see that December $14 plus low at some point for a decent double bottom to have your risk set at.


25 of the 80 markets finished lower this week vs 17 last week, which seems a little surprising, Oil had a another down week, USO down 5.66%, just ahead of SLV, GDX, GLD, XME, DBC, GCC, AND UUP all down on the week, TLT is also a little strange as that means interest rates went UP, meaning the dollar SHOULD have been UP as well, which since it WASN'T then all those commodities SHOULD have been UP, but they weren't, so, this basically SUCKS if you ask me ....................... sigh, wad ever. 


Here's the beeg wieners in the SP 500, FSLR had a good report for a change, actually I guess it was the outlook as I heard the first quarter beat on better revenue but lower EPS, so let me get this straight, it projects MORE revenue the next quarter and year, which will result in LOWER earnings ....... obviously I must have that wrong.


Lots of commodity stuff on the losers list, I guess AKAM is a KIND of commodity, like, commo....ITIZED, I keep seeing MOS and I also keep seeing the Russians destroying the thing a couple of years ago, I'm starting to lose a little faith in FCX .............

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