3/29/2014 Weekend Update

[fehro]

GOLD at critical point.. on the daily.. trying to hold 50d, 200d, blue channel.. trying to hold on to the "golden cross" 50d > 200d. Weekly trying to hold 20w SMA mid BBand $1275.. could be a H&S.. .monthly candle not too healthy... one day left... GOLD Monthly / weekly below..

[Al_Dente]

TOP PANEL: The ratio of stocks on the NYSE making 52-week New Highs to New Lows.... works quite frequently (fails = blue).
Currently, just the color blocking alone shows what a choppy market we are in now.

BOTTOM panel is straight New Highs (green histogram) and straight New Lows (red histo).
The waning participation of New Highs has been with us since October (October highs = 894 compared to March highs = 625 and then 363).
You can’t pull a timely signal off that divergence, as SPY just don’t care.
Friday we booked 11 New Lows, which isn’t even in the caution zone yet.

Sunday: Vote for the Mensa Snake: https://stockcharts.com/public/1684859

[BullBear52x]

reminder of a hard stop for those who like lines.

The attachment 1.PNG is no longer available

Fib junkies.

The attachment 2.PNG is no longer available

This is the only chart you should be watching

(Japanese yen)

http://i.imgur.com/6eXcnEK.png

http://i.imgur.com/6cOXLYa.png

We are at big support : http://i.imgur.com/q4B0xzY.png http://i.imgur.com/oCPQUTk.png

consolidation phase is tough cookies in order to keep Japan iShares afloat Yen got to stay low. this chart of EWJ got a bullish bias inside big consolidation range (1 year range)at the moment I will have to agree with Gappy that USD/JPY is bullish. a long consolidation phase that we got now kind of long in the tooth.

[BullBear52x]

Housing market health is in a shaking ground.

interest rate is ready to take off again? if true growth this is good sign, but I doubt it.

[Al_Dente]

"The U.S. stock market is rigged to hurt the average investor and benefit high frequency traders, stock exchanges and large Wall Street banks, according to the author of the new book “Flash Boys: A Wall Street Revolt.”
This computer-based high-speed trading uses complex algorithms to move in and out of positions in fractions of a second.
These HFTs give the big guys an edge that the little guys cannot compete with, says Michael Lewis, the famed Wall Street author in a new interview on “60 Minutes” to be aired on Sunday, March 30th at 7 p.m. Eastern. CBSNews.com announced the appearance and provided a synopsis of his comments."

THANKS FOR THE HEADS-UP
(plus, I’m studying that Rydex thing right now)

[BullBear52x]

USO and UNG are bullish bias also, everything is in consolidation phase, just take it easy until market can make up its mind me thinks.

[fehro]

AAPL weekly, monthly. ... a tad unclear..unless it pops above the downtrend line... could retest long long term monthly trend..(double top?) otherwise possible triangle for rest of the year. Monthly showing declining volume on this up move.. not terribly bullish.

[xfradnex]

http://wallstcheatsheet.com/business/aa ... ml/?ref=YF

[gappy]

IMF commodity progs fwiw.

[attachment=0]Capture.PNG

http://www.imf.org/external/np/res/commod/index.aspx

[fehro]

USD weekly/ monthly in between.. could go either way here... blue triangle, minor complex H&S red.. should we head lower... or could be a minor green bullish falling wedge, red H&S head fake break and very shallow RS of blue long term invs H&S... to only pop up sharply. Monthly holding support of sorts.

[Al_Dente]

I don’t recall that we ever had Advance-Decline information on SECTORS before Decision Point [?]
A cursory study of the Financial Sector, using the cumulative volume on XLF (!CUMVOLXLF) looks quite promising for signals, but I haven’t yet done a
lookback beyond 1 year, so, caveat emptor…
[It’s in the Decision Point ChartPack for stockcharts folks… here’s the original… I tweaked it a bit to make it work for moi]
https://stockcharts.com/h-sc/ui?s=XLF&p ... =341011112

[Al_Dente]

ETF performance according to Bespoke for the week, MTD month-to-date, and YTD year-to-date
“…every major country ETF we track outperformed the US this past week, led higher by Brazil, China and India as EM markets have come roaring back. Commodities have also outperformed, with the exception of precious metals.”
http://seekingalpha.com/article/2116033 ... -u-s?ifp=0

[user13]

What do you guys think about a portfolio just based on dividends. I read always see people recommending it but I am not sure I buy into it 100%.

A 50$ stock paying 5% dividend needs to lose 2.50$ to wipe out all dividend income.
I think that pretty much sums it up...

Thanks, yea that is the same perspective I take. I always like to read through various blogs and I feel lately dividends and their residual income are what everyone is talking about.

[gappy]

Capture.PNG

Also the ECB may ease on Thursday. User13, dividend stocks for a long haul bull market are primo, we just don't know if we are still in that market life right now. glty.

[user13]

HFT on 60min

http://www.cbsnews.com/videos/is-the-us ... et-rigged/

[DellGriffith]

I think my plan is to WAIT go long gold until either the shoulder gets established in the 210 area OR a neckline break to the upside...

[TWT]

$EURUSD: The countertrend bounce should unfold at least 1 more up leg

[KeiZai]

reminder of a hard stop for those who like lines.

The attachment 1.PNG is no longer available

Fib junkies.

The attachment 2.PNG is no longer available

This is the only chart you should be watching

(Japanese yen)

http://i.imgur.com/6eXcnEK.png

http://i.imgur.com/6cOXLYa.png

We are at big support : http://i.imgur.com/q4B0xzY.png http://i.imgur.com/oCPQUTk.png

consolidation phase is tough cookies in order to keep Japan iShares afloat Yen got to stay low. this chart of EWJ got a bullish bias inside big consolidation range (1 year range)at the moment I will have to agree with Gappy that USD/JPY is bullish. a long consolidation phase that we got now kind of long in the tooth.

Agree ST looks like a consolidation before leg down (in EW words wave4) so It would mean we can prepare for new high until there is no breakout chart looks bearish

[TWT]

$NFLX: Maybe a Bullish Falling Wedge is forming: Oversold bounce coming ?