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fib_1618

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Reply with quote  #1 
2016-02-25 16:00:03 fib1618: good day
2016-02-25 16:00:08 fib1618: how is everyone?
2016-02-25 16:00:30 thespookyone: Fine, till you go to Vegas, LOL
2016-02-25 16:02:25 fib1618: OK...any questions or comments before we get started??
2016-02-25 16:03:11 fib1618: looks like a breakout day
2016-02-25 16:03:56 fib1618: close to 3:1...  2.85:1
2016-02-25 16:04:10 fib1618: might be enough for new MCO highs
2016-02-25 16:04:14 fib1618: we'll see in a moment
2016-02-25 16:04:17 thespookyone: yep, wish it had more plurality and volume, but they paid me, so I'm happy
2016-02-25 16:04:37 fib1618: [smile]
2016-02-25 16:04:45 fib1618: well...you want the volume for trends
2016-02-25 16:04:53 fib1618: not sure yet if we are
2016-02-25 16:04:59 thespookyone: nope
2016-02-25 16:05:03 fib1618: based on the low levels of the volume MCSUM's we reviewed on Tuesday
2016-02-25 16:05:17 fib1618: but enough to play long for now on a scalp or day trader basis
2016-02-25 16:05:24 thespookyone: spx getting there, though
2016-02-25 16:05:39 fib1618: we'll see in a moment
2016-02-25 16:05:48 fib1618: OK...let's get going
2016-02-25 16:06:20 fib1618: and the first thing we see is that the NYA closed at a higher level than Monday's
2016-02-25 16:06:43 fib1618: so our expectation from yesterday of a test of the top of the range was met
2016-02-25 16:06:57 fib1618: looking at the NYSE CO breadth MCO though
2016-02-25 16:07:06 fib1618: and we did not confirm the new price highs
2016-02-25 16:07:14 fib1618: so the bulls hope that the Composite did make new highs for confirmation
2016-02-25 16:07:58 fib1618: still...it was enough of a move to show good upside follow through in the NYSE CO breadth MCSUM past the -500 level
2016-02-25 16:08:13 fib1618: so the next expectation here is for a challenge of the -250 level
2016-02-25 16:08:35 fib1618: and then the reaction highs of late December
2016-02-25 16:08:57 fib1618: a higher high in the 5% Trend today is also a big positive
2016-02-25 16:09:14 fib1618: so far...it looks like this current range is about to collapse
2016-02-25 16:09:28 fib1618: lets see what the NYSE Composite breadth MCO looks like
2016-02-25 16:09:41 fib1618: and we got the higher high there
2016-02-25 16:09:49 fib1618: so we have a confirmed breakout to the upside
2016-02-25 16:10:14 fib1618: and notice the wider gap expansion to the upside today in the NYSE Composite breadth MCSUM
2016-02-25 16:10:33 fib1618: as it moved up and through the -250 level with relative ease
2016-02-25 16:11:10 fib1618: this now suggests that there is enough energy to carry the NYA to the 10,000 level
2016-02-25 16:11:22 fib1618: which is about 400 points from current levels
2016-02-25 16:12:09 fib1618: next technical expectation is for the this MCSUM to move to the zero line
2016-02-25 16:12:31 fib1618: and we'll likely be there by the time we meet up again next Thursday
2016-02-25 16:13:01 fib1618: moving to the NASDAQ breadth MCO
2016-02-25 16:13:07 fib1618: and here we did not move to a higher high
2016-02-25 16:13:36 fib1618: so only a challenge of 2/1 highs is still to be expected
2016-02-25 16:13:58 fib1618: this dichotomy between the NYA and the NASDAQ highly suggests a corrective sequence
2016-02-25 16:14:07 fib1618: so we should continue to work with this blueprint for now
2016-02-25 16:14:20 fib1618: for the next couple of days lets watch how the 5% Trend of the NASDAQ MCO acts and reacts at its zero line
2016-02-25 16:14:52 fib1618: where we should find resistance as soon as Friday
2016-02-25 16:14:58 fib1618: pull back after that
2016-02-25 16:15:09 fib1618: and then we'll see if the bulls can force the issue to new highs
2016-02-25 16:15:46 fib1618: the NDX breadth MCO came within 2 points for moving to a higher high
2016-02-25 16:16:15 fib1618: and that's pretty impressive given how difficult it is to see this when we're as "overbought" as we are
2016-02-25 16:16:56 fib1618: we also see that we moved up and through the -250 level here as well on the NDX breadth MCSUM
2016-02-25 16:17:09 fib1618: so a zero line test is likely before our next session
2016-02-25 16:17:29 fib1618: one thing's for sure
2016-02-25 16:17:37 fib1618: we're now starting to see fresh money coming into the market
2016-02-25 16:17:50 fib1618: not much in the way of short covering
2016-02-25 16:18:25 fib1618: and probably investment dollars being "forced" to move back into equities in order to get the best total return as possible
2016-02-25 16:19:05 fib1618: the SPX closed today at its highest levels since the beginning of the year
2016-02-25 16:19:15 fib1618: and with this close just above the 1950 level
2016-02-25 16:19:41 fib1618: the SPX breadth MCO came up just a bit short of matching the previous high point
2016-02-25 16:19:52 fib1618: so even if we pull back from here
2016-02-25 16:20:08 fib1618: this small amount of  bearish divergence isn't likely to mean a whole lot to the sellers
2016-02-25 16:20:22 fib1618: but as long as we remain with this high imbalance between buyers and sellers
2016-02-25 16:20:54 fib1618: prices are likely to continue moving north just on the momentum generated if for anything else
2016-02-25 16:21:12 fib1618: so let's look for a 2000 price target for the SPX now
2016-02-25 16:21:24 fib1618: more importantly
2016-02-25 16:21:35 fib1618: the SPX breadth MCSUM is now racing closer to its zero line
2016-02-25 16:21:52 fib1618: with a reading today of -49
2016-02-25 16:22:10 fib1618: so even if we have a disastrous day on Friday
2016-02-25 16:22:41 fib1618: we should see this MCSUM settle at or just slightly above this demarcation point between who's in control of the price action
2016-02-25 16:23:16 fib1618: with a close above the end December peak freeing prices to move to the 2000 level
2016-02-25 16:23:21 thespookyone: that close to the zero line, a "statement day: is possible...
2016-02-25 16:23:31 fib1618: well...
2016-02-25 16:23:38 fib1618: I think the statement day was today
2016-02-25 16:23:44 thespookyone: cool
2016-02-25 16:24:03 fib1618: as we have, already, moved above the -250 level on couple of MCSUM's
2016-02-25 16:24:16 fib1618: and we have others that are approaching their zero lines
2016-02-25 16:24:37 fib1618: the action and reaction of the last couple of days also is providing a good cadence
2016-02-25 16:24:47 fib1618: we fill the pattern gaps
2016-02-25 16:24:51 fib1618: reverse intraday
2016-02-25 16:24:54 fib1618: move to a higher high
2016-02-25 16:25:06 fib1618: and then close above the recent highs with higher MCO's
2016-02-25 16:25:26 fib1618: only fresh investment dollars can do this
2016-02-25 16:25:31 fib1618: and with OPEX out of the way
2016-02-25 16:25:40 fib1618: there's nothing here to keep prices weighted
2016-02-25 16:25:55 fib1618: which brings up another focus for the next several days
2016-02-25 16:26:04 fib1618: in watching the ISEE numbers
2016-02-25 16:26:12 fib1618: any number above, oh, let's say 200 or above
2016-02-25 16:26:25 fib1618: and we're pretty much done on this counter trend
2016-02-25 16:26:58 fib1618: but there's a definite feel here that we're likely to move north now into the middle part of next week
2016-02-25 16:27:00 thespookyone: good to know, thx
2016-02-25 16:27:08 fib1618: and then even up going into the job's numbers
2016-02-25 16:27:42 fib1618: the one thing that traders are banking on now is that interest rates will remain lower for a while
2016-02-25 16:28:00 fib1618: and we've noted this in the charts of the last few days
2016-02-25 16:28:07 fib1618: and while we're on the subject
2016-02-25 16:28:24 fib1618: I guess we found out why the XLY was as strong as it has been this morning
2016-02-25 16:28:32 fib1618: with durable goods up a whopping 5%!
2016-02-25 16:28:45 fib1618: so this again provides us the insight
2016-02-25 16:28:57 fib1618: that we don't have to know why prices move like they do
2016-02-25 16:29:05 fib1618: only that we should follow the lead of bigger money
2016-02-25 16:29:14 fib1618: and let the answers become clear later on
2016-02-25 16:29:46 thespookyone: I followed a giant AAPL call buy today, twt
2016-02-25 16:30:09 fib1618: moving to the OEX breadth MCO
2016-02-25 16:30:18 fib1618: and by less than a point it did close at a new high today
2016-02-25 16:30:39 fib1618: and this confirms the higher close in the average
2016-02-25 16:30:48 fib1618: so we have a upside breakout here as well
2016-02-25 16:30:55 fib1618: for now
2016-02-25 16:31:18 fib1618: let's also look for a minimal snapback to the old area of support at the 890 level
2016-02-25 16:31:33 fib1618: and also make note
2016-02-25 16:32:09 fib1618: that with this higher high in the NYSE Composite and OEX breadth MCO's we now have a confirmed divergent double bottoms behind us
2016-02-25 16:33:02 fib1618: with the approximate upside measuring target of around 900 for the OEX
2016-02-25 16:33:05 fib1618: and for the NYA...
2016-02-25 16:33:44 fib1618: 10,100
2016-02-25 16:34:01 fib1618: and we'll call it + or - 2%
2016-02-25 16:34:10 fib1618: so a nice run
2016-02-25 16:34:40 fib1618: and a higher high in the Dow breadth MCO
2016-02-25 16:34:59 fib1618: target there on the snapback is about 17,200
2016-02-25 16:35:07 fib1618: with the double bottom objective of...
2016-02-25 16:35:42 fib1618: 17,300
2016-02-25 16:35:59 fib1618: so that measured objective would also satisfy the snapback
2016-02-25 16:36:42 fib1618: and with the Dow breadth MCSUM about to move up and though its zero line on Friday
2016-02-25 16:37:10 fib1618: the next area of natural resistance will come at the +250 level
2016-02-25 16:37:35 fib1618: which, as we know, is the target from which bear market rally's tend to exhaust themselves
2016-02-25 16:37:45 fib1618: probably what will be the key here
2016-02-25 16:37:58 fib1618: is what happens with the BETS during this expected follow through rally
2016-02-25 16:38:09 fib1618: with any closing above the +20 level suggesting something different going on
2016-02-25 16:38:32 fib1618: and we'll adjust accordingly
2016-02-25 16:38:35 fib1618: keeping in mind
2016-02-25 16:39:04 fib1618: that the MCSUM suggested last month that we would have some sort of price bottom at around the OPEX date
2016-02-25 16:39:12 fib1618: so what's a week difference?
2016-02-25 16:39:15 fib1618: [smile]
2016-02-25 16:39:34 fib1618: also watch the action at the late December high point in the MCSUM's
2016-02-25 16:39:38 fib1618: if we hesitate there
2016-02-25 16:40:04 fib1618: then the probabilities rise that the +250 level will be our ceiling for this move
2016-02-25 16:40:18 fib1618: but if it slams through this horizontal zone
2016-02-25 16:40:32 fib1618: then we might indeed be dealing with another animal
2016-02-25 16:40:39 fib1618: we just have to be patient
2016-02-25 16:40:47 fib1618: and above all else
2016-02-25 16:40:51 fib1618: disciplined
2016-02-25 16:41:06 fib1618: higher high close in the MID today
2016-02-25 16:41:19 fib1618: but the MID breadth MCO didn't quite confirm with a higher high
2016-02-25 16:41:24 fib1618: but the components did
2016-02-25 16:41:47 fib1618: showing a nice amount of bounce strength off the zero line with the 5% Trend
2016-02-25 16:42:09 fib1618: looks like a trip to the MID breadth MCSUM zero line is also on the table for this group of issues
2016-02-25 16:42:28 fib1618: and we'll watch the price reaction is it moves above the -250 level on Friday
2016-02-25 16:42:40 fib1618: as it should be a good follow through day for the index
2016-02-25 16:43:11 fib1618: doing some checking in the monthlies here
2016-02-25 16:43:17 fib1618: and the Dow is now up for the month
2016-02-25 16:43:47 fib1618: as is the MID and SML
2016-02-25 16:44:02 fib1618: with a positive close on Friday including the SPX and NYA on this list
2016-02-25 16:44:21 fib1618: kind of humbling
2016-02-25 16:44:37 fib1618: with many still working with the debacle we had at the beginning of the year
2016-02-25 16:44:51 fib1618: and this same "many" looking for more downside
2016-02-25 16:45:01 fib1618: and as we mentioned in passing in one of the chats
2016-02-25 16:45:20 fib1618: that the market doesn't like too much company...that it tends to make the majority wrong
2016-02-25 16:45:23 fib1618: and here we are
2016-02-25 16:45:48 fib1618: higher high in the SML breadth MCO today
2016-02-25 16:46:04 fib1618: and a technical price breakout is confirmed
2016-02-25 16:46:14 fib1618: snapback is at 660
2016-02-25 16:46:28 fib1618: with the double bottom target at...
2016-02-25 16:46:50 fib1618: 665
2016-02-25 16:46:59 fib1618: so, again, within range of one another
2016-02-25 16:47:13 fib1618: and this increases the odds of prices reaching these targets
2016-02-25 16:47:24 fib1618: like the proverbial magnet to iron
2016-02-25 16:48:07 fib1618: another thing that we now have to acknowledge as well
2016-02-25 16:48:26 fib1618: is that we do have bull divergence between price and the MCSUM from the 2/11 lows
2016-02-25 16:48:30 fib1618: the trigger here would be...
2016-02-25 16:48:47 fib1618: above the end December high point in the MCSUM's
2016-02-25 16:48:56 fib1618: so there's a whole lot of things going on right now
2016-02-25 16:49:17 fib1618: and why yesterday, and now with today's action, were important days toward the bull cause
2016-02-25 16:50:31 fib1618: and the Wilshire 5000 closed right at the top of the current range at just below 20,000
2016-02-25 16:50:57 fib1618: with good action internally to support it
2016-02-25 16:51:00 fib1618: not confirmed
2016-02-25 16:51:22 fib1618: but enough, given what we've seen already, to see a breakout above current levels
2016-02-25 16:51:32 fib1618: glad the BETS went to cash last week - whew!
2016-02-25 16:51:42 fib1618: so...
2016-02-25 16:51:53 fib1618: this was a very good day for the buyers
2016-02-25 16:52:34 fib1618: with the morning's weakness being bought just after Europe's closed
2016-02-25 16:52:43 fib1618: and never looked back from there
2016-02-25 16:53:06 fib1618: while closing near the highs of the day no less
2016-02-25 16:53:21 fib1618: let's look for a continuation then into the beginning of next week
2016-02-25 16:53:38 fib1618: with a probable pause in the price action on Tuesday/Wednesday
2016-02-25 16:53:47 fib1618: and then chop into the economic data
2016-02-25 16:53:59 fib1618: moving to the OBV's
2016-02-25 16:54:19 fib1618: oh...let me take a quick peak at the sectors first
2016-02-25 16:54:47 fib1618: the XLY breadth MCO is still stuck within its triangle
2016-02-25 16:54:59 fib1618: and a power move to the upside in the XLP breadth MCO today
2016-02-25 16:55:05 fib1618: just what we expected yesterday
2016-02-25 16:55:09 fib1618: new all time closing highs
2016-02-25 16:55:16 fib1618: new highs in the XLP breadth MCO
2016-02-25 16:55:30 fib1618: and a strong move above the +500 on the XLP breadth MCSUM
2016-02-25 16:55:49 fib1618: so we have reached "escape velocity" there
2016-02-25 16:56:08 fib1618: even closed above the October highs in the MCO
2016-02-25 16:56:37 fib1618: yield on XLP is at 2.52%
2016-02-25 16:56:56 fib1618: so the average soul is probably buying this sector
2016-02-25 16:57:10 fib1618: we remain bullish on that one
2016-02-25 16:57:46 fib1618: XLV continues to improve
2016-02-25 16:57:56 fib1618: but still under some selling pressure
2016-02-25 16:58:09 fib1618: no upside confirmation in the XLI
2016-02-25 16:58:27 fib1618: but we did move up and through the XLI breadth MCSUM zero line and the late December highs today
2016-02-25 16:58:59 fib1618: but with the XLI breadth MCO not showing any vigor
2016-02-25 16:59:09 fib1618: it doesn't look like it's going to make it past +250
2016-02-25 17:00:01 fib1618: also of note is that this MCSUM is now up against its declining tops line connecting the November/December highs
2016-02-25 17:00:07 fib1618: so if it wakes up on Friday
2016-02-25 17:00:15 fib1618: then it would be different story
2016-02-25 17:00:44 fib1618: the XLB is looking better and better
2016-02-25 17:01:11 fib1618: with a break above the late December highs in the XLB breadth MCSUM to go along with the higher price highs today
2016-02-25 17:01:23 fib1618: strike that
2016-02-25 17:01:30 fib1618: with a higher close today...not a higher high
2016-02-25 17:01:50 fib1618: could be a cup and handle formation though
2016-02-25 17:02:08 fib1618: with the rounding bottom and the consolidation of the last week
2016-02-25 17:02:16 fib1618: so, again, another one to watch
2016-02-25 17:02:48 fib1618: up and through the zero line today on the XLK breadth MCSUM
2016-02-25 17:03:13 fib1618: as it came within a point of seeing a higher MCO high
2016-02-25 17:03:25 fib1618: this is really some sign of strength here
2016-02-25 17:03:37 fib1618: I'm starting to get a bit more bullish now
2016-02-25 17:03:55 fib1618: and the XLU is just out of control
2016-02-25 17:04:06 fib1618: with another all time high close
2016-02-25 17:04:12 fib1618: and if that wasn't enough
2016-02-25 17:04:19 fib1618: a new high in the XLU breadth MCSUM!
2016-02-25 17:04:30 fib1618: long and strong there
2016-02-25 17:04:34 fib1618: checking the yield
2016-02-25 17:04:52 fib1618: 3.50%
2016-02-25 17:05:00 fib1618: oh yea...we did that one yesterday
2016-02-25 17:05:05 fib1618: it's all about yield here
2016-02-25 17:05:10 fib1618: let me check the REITS
2016-02-25 17:05:38 fib1618: upside pattern breakouts on REM and MORT as well
2016-02-25 17:06:00 fib1618: so...
2016-02-25 17:06:17 fib1618: it would seem that we're building a nice rhythm in the major averages
2016-02-25 17:06:32 fib1618: with many breaking above their 20 day EMA's earlier in the week
2016-02-25 17:06:39 fib1618: finding resistance at the 50 day EMA
2016-02-25 17:06:46 fib1618: coming down to test the 20
2016-02-25 17:06:58 fib1618: and many have now moved above the 50's
2016-02-25 17:07:24 fib1618: next chart objective then are the 200 day EMA's on those indices that haven't moved to new all time highs
2016-02-25 17:07:34 fib1618: and in a perfect technical world
2016-02-25 17:07:37 fib1618: find initial resistance
2016-02-25 17:07:50 fib1618: snapback toward the rising 20/50 EMA's
2016-02-25 17:08:12 fib1618: find support and then break above the 200 day later in the March/April period
2016-02-25 17:08:26 fib1618: moving to the OBV's
2016-02-25 17:09:00 fib1618: I have just noticed that I have made an error on the XLU
2016-02-25 17:09:04 fib1618: we are NOT at all time highs
2016-02-25 17:09:27 fib1618: the intraday is at $47.99
2016-02-25 17:09:49 fib1618: and the close is at $47.64
2016-02-25 17:09:59 fib1618: and we closed today at $47.48
2016-02-25 17:10:30 fib1618: XLP is at all time highs
2016-02-25 17:10:36 fib1618: sorry for the confusion
2016-02-25 17:10:45 fib1618: OK...OBV's
2016-02-25 17:11:26 fib1618: and the CVI's are climactic
2016-02-25 17:11:42 fib1618: so lets look for a price top in the next two trading sessions
2016-02-25 17:11:53 fib1618: remember...this is only a near term indicator
2016-02-25 17:12:03 fib1618: just like range days
2016-02-25 17:12:14 fib1618: it's for a day or so
2016-02-25 17:12:17 fib1618: could be more
2016-02-25 17:12:20 fib1618: all depending
2016-02-25 17:12:54 fib1618: we'll call the STVO's still "overbought"
2016-02-25 17:13:04 fib1618: VTO's continue to creep higher
2016-02-25 17:13:19 fib1618: and likely will be our signal of a price top once they reach "overbought" levels
2016-02-25 17:13:38 fib1618: NYSE TRIN at .97
2016-02-25 17:13:47 fib1618: Open 10 at 1.07
2016-02-25 17:13:58 fib1618: NASDAQ TRIN at .61
2016-02-25 17:14:06 fib1618: lots of covering there
2016-02-25 17:14:18 fib1618: Open 10 at .86
2016-02-25 17:14:42 fib1618: TM TRIN at .78
2016-02-25 17:14:50 fib1618: Open 10 at .94
2016-02-25 17:15:04 fib1618: and pretty much moving sideways
2016-02-25 17:15:15 fib1618: so...
2016-02-25 17:15:45 fib1618: there is now enough fuel moving into the equities where another advancing sequence of higher lows and higher highs is likely to continue for the next couple of days
2016-02-25 17:16:46 fib1618: upside targets on a chart basis are the previous areas in which provided support before the January collapse
2016-02-25 17:17:07 fib1618: with the double bottom measurement targets just slightly above these levels
2016-02-25 17:17:22 fib1618: given current sentiment
2016-02-25 17:17:55 fib1618: it wouldn't be too surprising if we see a rush to these price targets as traders realize what's going on
2016-02-25 17:18:16 fib1618: and if conditions exist to where we can do better
2016-02-25 17:18:25 fib1618: we'll cross that bridge when we come to it
2016-02-25 17:18:47 fib1618: but for now...the buyers are holding the cards
2016-02-25 17:18:57 fib1618: it's theirs to lose
2016-02-25 17:19:06 fib1618: let me check the global charts
2016-02-25 17:19:47 fib1618: I'm doing a quick check of the A/D lines first
2016-02-25 17:20:07 fib1618: and the SPX A/D has now moved back above the 1% Trend
2016-02-25 17:20:38 fib1618: after snapping back to it yesterday
2016-02-25 17:20:44 fib1618: and moving to a higher high today
2016-02-25 17:21:13 fib1618: and as we know by the SPX breadth MCSUM being at its zero line
2016-02-25 17:21:25 fib1618: the 19 day EMA is about to cross up and through the 39 day EMA
2016-02-25 17:21:42 fib1618: so we should be on a "Get Set" buy signal there on Friday
2016-02-25 17:22:14 fib1618: the strongest A/D lines right now are...
2016-02-25 17:22:25 fib1618: (based on their being above their 200 day EMA's)
2016-02-25 17:22:49 fib1618: NDX
2016-02-25 17:22:51 fib1618: SPX
2016-02-25 17:22:54 fib1618: MID
2016-02-25 17:22:56 fib1618: Dow
2016-02-25 17:23:12 fib1618: the rest are far away from joining them
2016-02-25 17:23:26 fib1618: so you have your "go to" areas to look at for any longs you might consider here
2016-02-25 17:23:47 fib1618: strongest A/D lines in the sectors
2016-02-25 17:25:08 fib1618: XLY
2016-02-25 17:25:52 fib1618: the XLP is at all time highs...and FLYING
2016-02-25 17:26:43 fib1618: XLV
2016-02-25 17:27:06 fib1618: XLI
2016-02-25 17:27:48 fib1618: XLK is now back into a bullish configuration
2016-02-25 17:27:53 fib1618: so a buy there
2016-02-25 17:28:26 fib1618: and, as you can imagine, the XLU is rocketing higher
2016-02-25 17:28:48 fib1618: you know...keep this up...and we have a major bottom behind us
2016-02-25 17:29:32 fib1618: as far as the volume lines
2016-02-25 17:29:43 fib1618: only the XLI and the XLU are above their 200 day EMA's
2016-02-25 17:31:25 fib1618: OK...well...the global iShares charts look awful
2016-02-25 17:31:35 fib1618: none of them are showing any kind of bullishness here
2016-02-25 17:31:37 fib1618: nothing
2016-02-25 17:31:43 fib1618: so this is a US based rally
2016-02-25 17:31:52 fib1618: as money is coming in globally it would seem
2016-02-25 17:32:05 fib1618: at least that would make the most sense
2016-02-25 17:32:10 fib1618: and why
2016-02-25 17:32:14 thespookyone: We're number 1 [smile]
2016-02-25 17:32:18 fib1618: the large caps (SPX and NDX) are showing favor here
2016-02-25 17:32:23 fib1618: I guess so
2016-02-25 17:33:00 fib1618: CME and NDAQ are the only exchanges that are bullish
2016-02-25 17:33:27 fib1618: banks look miserable
2016-02-25 17:33:39 fib1618: biotech too
2016-02-25 17:33:55 fib1618: China is horrible
2016-02-25 17:34:26 fib1618: DBC (commodities) continues to move sideways
2016-02-25 17:35:03 fib1618: non cyclicals look good
2016-02-25 17:35:54 fib1618: dividend iShares are a point below their all time highs
2016-02-25 17:35:58 fib1618: no surprise there
2016-02-25 17:36:22 fib1618: a lot of UGLY charts
2016-02-25 17:36:33 fib1618: energy is below the curb
2016-02-25 17:37:17 fib1618: health care devices are showing strength
2016-02-25 17:37:30 fib1618: gold looks good [wink]
2016-02-25 17:37:56 fib1618: home construction is showing some backbone here
2016-02-25 17:38:00 fib1618: then again it's the spring which tends to be its strongest season
2016-02-25 17:39:07 fib1618: retail is showing some strength
2016-02-25 17:39:16 fib1618: maybe there's going to be a lot of tax refunds?
2016-02-25 17:39:34 fib1618: or it could be a simple case of store closings meaning less overhead?
2016-02-25 17:40:37 fib1618: telecom stocks are firm
2016-02-25 17:40:45 fib1618: not a lot to be bullish about
2016-02-25 17:41:05 fib1618: makes you wonder what's really going on here
2016-02-25 17:41:41 fib1618: airlines doing really well here of late
2016-02-25 17:42:03 fib1618: up 15% in 2 weeks
2016-02-25 17:42:09 fib1618: XAL
2016-02-25 17:43:11 fib1618: well..one thing's for sure... you have to dig deep to find a bullish gem
2016-02-25 17:43:39 fib1618: housing looks to be following construction's lead
2016-02-25 17:43:51 fib1618: networking is also firm
2016-02-25 17:44:08 fib1618: retail is not that bad...have to watch that
2016-02-25 17:44:45 fib1618: 3 month T-Bill rates continue to rise
2016-02-25 17:45:07 fib1618: Libor is sky high right now
2016-02-25 17:45:52 fib1618: which is usually very bearish for equities
2016-02-25 17:46:48 fib1618: 5 year notes are yielding at 30 month lows
2016-02-25 17:47:08 fib1618: the 7 and the 10's as well
2016-02-25 17:47:28 fib1618: but diverging in the 30's
2016-02-25 17:47:39 fib1618: what a mess!
2016-02-25 17:48:12 fib1618: the Dollar looks like it's ready to collapse again
2016-02-25 17:48:21 fib1618: that should help gold short term
2016-02-25 17:48:38 fib1618: Insurance stocks are hanging in there
2016-02-25 17:49:14 fib1618: AT&T continues to trade at all time highs
2016-02-25 17:49:37 fib1618: no wonder
2016-02-25 17:49:42 fib1618: it's yielding 5.21%!
2016-02-25 17:50:21 fib1618: major center banks are all dead in the water here
2016-02-25 17:50:28 fib1618: all in bearish configurations
2016-02-25 17:50:53 fib1618: so wherever the strength is coming from
2016-02-25 17:51:00 fib1618: it's being VERY selective
2016-02-25 17:51:04 fib1618: more than likely
2016-02-25 17:51:48 fib1618: a combination of short covering, money moving into defensive issues with high yields, and areas that have been picked apart
2016-02-25 17:51:58 fib1618: nothing really bullish out there
2016-02-25 17:52:04 fib1618: so let's keep a level head here
2016-02-25 17:52:11 fib1618: and see how far this runs
2016-02-25 17:52:17 fib1618: anything else?
2016-02-25 17:52:49 fib1618: very disheartening to see these charts after seeing what's going on with the MCO's
2016-02-25 17:53:12 fib1618: bottom line, as an investor
2016-02-25 17:53:28 fib1618: there's absolutely no rush to go long here
2016-02-25 17:54:06 fib1618: OK...if there's nothing else
2016-02-25 17:54:13 fib1618: it's time for a break until next Thursday
2016-02-25 17:54:26 fib1618: everyone have a great week, weekend, and leap day
2016-02-25 17:54:37 fib1618: and we'll do this all again a week from now
2016-02-25 17:54:39 fib1618: good night


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