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Itisthetimeagaintoassessthemarket,atleasttohelptore-acquaintmyselfwithwhatisgoingonafteroneweek'svacation
Whatadifferenceasingleweekcanmake?
Atthebeginningoflastweek,almosteveryonethoughtthecorrectioniscoming,bytheendoftheweek,allthosedoomsday'stalkaresquashed.doesthismeanwearecleartotakeoff?
JustbylookingatDOW,SPY,andNASDAQ,weareseeinganotherbreakout,especiallyattheexpanseofbears...[
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Canweknow?Agnosticismofthemarket.
Thewholemarketiswithoutlogic,andthatisnotmyview.ItistheconclusiontowatchallthosemarketgurusfeaturedonCNCBC,noneofthemseemsgetthemarketright.
Theauctionof2,5yearstreausreyfailedshort,dollarwentdown,ratewentup,theseseemslogic.whowouldguessedthat7yearauctionwentverysmoothly,butguesswhat?dollarcontinueditsslide,butallbonds,whetherlongorshort,allwnetup.thisisve...[
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Interplayofdollar,commoditiesandbond.
1.firstofall,dollarisstrong,whichisthedirectresultsoftheovernightpoorshowingofchinamarket(dropmorethan5%).wheneverthereistrouble,thedollarsarestillperceivedasaflighttosafety.
2.butthepoorshowingofbondauction(http://www.cnbc.com/id/32201716)shouldputadampontheoptimistismonthedollar.thismaypartiallyexplainwhyTLTclosedbelowthehighoftheday.
3.theoildro...[
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Bigpicturewise:
Realestate,financialandsemiconductor/nasdaqareweak.So,allthesensitiveonesareindecline.theencouragingnewsisthatallcomeinrelativelylowvolumn,itmayindicatingpeoplearestillholdinghopesthatmarketwillbebouncebacksoon.nopanichereyet.
forsemiconductorandfinance,thequestioniswhetherthisisbigdroporsimplytheyenteringaconsolidationzone.theanswercouldcomeasearlyasMonday.forsmh,itisatits...[
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TripleMomentMACDTRIPLEMAPRICErelative$INDU6%BEARISHBULLISHBEARISH$SPX11%NeutraltoBULLISHBULLISH$NDX17%NeutraltobullishBULLISHBULLISHSMH9%BEARISHtoNeturalBULLISHBULLISHXLF31%NeutraltoBULLISHBULLISHNeutralIYR40%BULLISHBULLISHBULLISHFXI19%BearishBULLISHNeutralEWZ21%BearishBULISHBULLISHIWN20%BULLISHBULLISHBULLISHUSO-13%bearishtoNeutralNeutralbearishFriday'sactionmakeabull'scause,seemsliketheshortpause...[
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TripleMomentMACDTRIPLEMAPRICErelative$INDU6%BEARISHBULLISHBEARISH$SPX11%NeutralBULLISH$NDX17%NeutralBULLISHBULLISHSMH9%BEARISHBULLISHBULLISHXLF31%NeutralBULLISHNeutralIYR40%BULLISHBULLISHBULLISHFXI19%BearishBULLISHBearishEWZ21%BearishBULISHBULLISHIWN20%BULLISHBULLISHBULLISHUSO-13%bearishbearishbearish
Themarketishesitateandundecisiveatthispoint.OutofalltheindexesthatIamtracking,IYRisthestronge...[
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TripleMomentMACDTRIPLEMAPRICErelative$INDU8%BEARISHBULISH(barely)BEARISH$SPX13%NeutralBULLISH$NDX21%NeutralBULLISHBULLISHSMH20%BEARISHBULLISHBULLISHXLF31%NeutralBULLISHNeutralIYR35%BULLISHBULLISHBULLISHFXI17%BearishBULLISHBearishEWZ23%BearishBullish(barely)BearishIWN29%BULLISHBULLISHBULLISHUSO-19%bearishNeutralbearish
Overall,themomentumisfading,thatexplainsthesellingoftoday.sincethereisnowayt...[
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TripleMomentMACDTRIPLEMA$INDUContiniueBullishNeturalBullish$NDXBullishBearishBullish$SPXBullishBearishBullishEWZBullishBearishBullishSMHBullishBearishBullishXLFBullishbullishbullishFXIbullishbullishbullish
SMHistheoneneedssomeattention.eventhoughtripleMAgivesbullishsign,mostoftimetoday,itflashedwarning.ifSMHisnotbehavinwell,neitherwillQQQQ.
Themomentumisslowingforsurebasedonmacd.butwecould...[
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Thehope,onceagain,failupontechnology.
GOOGandAPPLdidnotdisappoint.IBMhelpedaswell.so,wesawtheimprovementofthetechlandforthelastseveralsessions.SMHespeciallyleadsallindexes.
Itmaynotabeginningofanewrally,iftheassumptionisthattheindexesarerangebound,whatweseemaybeabouncefromlowendoftheband.
Macroeconomymayhelpaswell.Withnewpresidentlookedbusierthantheonehereplaced,itboundtoraisethehopeth...[
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INDEXTRENDDaysMCADDAYS50MAdaysRSIdaysDJIAdowndowndown34.97SP500downdowndown34.44NASDAQ100downdowndown1(1/20/09)40.08SMHdowndowndown1(1/20/09)43.02XLFdowndowndown24.57FXIdowndowndown34.15DBAdown1(1/20/09)downup48.79TLTdown1(1/20/09)downup51.06VIX56.65andtrendinghigher
Comments:
1).XLFistheonlyonethatisbeingoversold.
2).Numberofstockabove50MAinNASDAQis30.farfromoversold.
3).itreminds...[
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