Friday, June 30, 2017

WEEKLY, MONTHLY AND YTD WRAP UP FOR 6/30/2017

(click on image for larger view, I hope)

Regardless of the POS market we had this week, the QQQ were down, down, UP, down, down to finish the week DOWN 2.55%, regardless of that, that chart above is really very good, the best it's been for the NasDOGS in a long time, as the $NAAD's actually LED the markets to the UP side for a change, they made a new high in the green circle while the NasDOGS themselves pulled back, they made the high on the big up day on Wednesday and then fell back with the market the last two days.  
Now that I've said how fantastic it is we probably start into a two year BEAR market next week, hahahahahahahahaha .............


I had a lot of red on my Market Monitor today, that simply means that despite the HIGHER close on most of the indexes we had FEWER stocks going higher. I also want to point out that red box in the center, that's the number of stocks in the SP 500 that have a 14 RSI that are either over 80 or under 20, IE over bought or over sold, so with ZERO in both columns, it means, IMHO, you don't have shit to choose from to sell bear calls or bull puts against, just a bunch of crap if you ask me. 


We still have only two markets on sell signals in my 12 major markets this week,  20sma below 50, the $CRB and $USD, GLD does not look well as the 20 sma is curling to the down side.


The all important Bullish Percent indexes now has FIVE of the 12 indexes on SELL signals, the part is that the $BPCOMPQ and $BPSPX, FINALLY, moved back into BUY territory,  the big index, $BPNYA, is still on sell signal.
The $BPGDM was TRYING to claw into a buy last week but failed miserably, sigh ...........

The sectors still look all right, not great, only two are on sell, XLE and XRT,XLY is looking like it is about to join the sell party. XME just managed a new buy signal on Friday. 




These are the winners in my 80 markets I keep track of for the week (at the top), then the month in the middle, and the year to date winners at the bottom.
USO had a huge week, up 7.22%, has oil bottomed?? Banks, XLF and KRE, both over 3%, as 30 year yields moved up 4.64% for the week to 2.84%, WHICH, I won't be getting on a 30 year mortgage, I don't know who gets that rate.
As far as our majors go, I go know every one want to yell and sceam about how great they are, but only ONE major showed up on the first page of any of the list, the DIA in 18th spot at .87% on the monthly table, great work guys ................... we are letting the Furri-ners kick out asses!

Only ONE market closed  closed on new 20 day highs this week, IYT,  all three from last week got crushed this week, hahahaha, for a ZERO percent win week, IYR was down 1.79%, TLT2.08%, and XBI was down 3.9%, I thought Biotech was doing GREAT??

Four markets closed on 20 day lows this week, EFA, EWG, EWQ and EZU, of the seven that closed on lows last week only two, EWP and XLY, meaning the other five continued lower, for a 71% win rate, quite a turn around as it's usually been the ones going higher that have been winning. 




Only 36 losers this week vs 53 last week, NOW our majors start showing up with GDX in 3rd on the weekly chart at -3.9%, the QQQ right in back of them, down 2.55%, the NasDOGS also show up on the monthly chart, down 2.96%, GDX made all three charts, in 20th on the monthly and 15th on the YTD.




Here's the beeg wieners in the SP 500 with the same sequence as above, I have no interest in any of them so sift through them yourself if that's your thing.




The same thing with the losers, one interesting thing I notice is that in looking at all of them down at the bottom the YTD loser's have one HELL of a lot of RED in their six colums, ACCEPT, for the weekly column on the far left, there's only three red out of the WORST stocks in the SP 500 YTD. It would, APPEAR, that a bit of rotation is going on, as Do Boyz move out of Da winners and into the losers for the next quarter or maybe the next six months, who knows.

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