domingo, 1 de noviembre de 2015

domingo, noviembre 01, 2015
October One Of The Best On Record
0
 
 
 
October 30, 2015
tumblr mus8xxq65B1qgx37po1 500

It’s hard to know why markets rallied as powerfully as they did this month.

Some felt it oversold—and it was to a point. Others noted the Fed didn’t raise interest rates this month when they had the chance—so it’s party on from that perspective.

And, to help bulls make the case “the bad news is good” mantra continued to keep rising interest rates on hold.
It doesn’t matter that monetary policies remain in “emergency” conditions for 7 years even after the recession ended over 5 years ago. So if economic growth is “solid” according to Bernanke and Yellen these days you have to wonder, why have they kept rates this low?

Well, I said it yesterday and will stay with this tune, “the Fed is a pawn of Wall Street and we’re just shills in the game”.

Economic data continued to be weak. Aside from a burst in the Chicago PMI, Personal Income & Spending only came in at 0.1% for both measures from 0.4% previously; Employment Cost Index rose to 0.6% vs prior 0.2% which is negative meaning costs are heating up; and Consumer Sentiment fell to 90 vs prior 92.1, meaning lower energy prices will only last for so long.

Crude Oil prices rose sharply Friday as they did Thursday due to a large drop in the “rig count” featured below:

10-30-2015 7-17-12 PM

Stocks fell sharply into the close as some large investors hit the sell button banking some October profits. That said, the month featured nearly a 9% return.

10-30-2015 7-17-31 PM

Market sectors moving higher included: Energy (XLE), Retail (XRT), South Korea (EWY), Russia (RSX), Mexico (EWW), Crude Oil (USO) and Bonds (TLT).

Market sectors moving lower included: Just about everything else.

10-30-2015 7-17-59 PM
The top ETF daily market movers by percentage change in volume whether rising or falling is available daily.
Volume was heavy but breadth per the WSJ was mixed.
Sign up to become a premium member of the ETF Digest and receive more of our detailed charts with actionable alerts.
You can follow our pithy comments on twitter and like us on facebook.
10-30-2015 7-18-18 PM dIARY


Charts of the Day


  • SPY 5 MINUTE

    SPY  5  MINUTE

  • SPX DAILY

    SPX DAILY

  • SPX WEEKLY

    SPX WEEKLY

  • INDU DAILY

    INDU DAILY

  • INDU WEEKLY

    INDU WEEKLY

  • RUT WEEKLY

    RUT WEEKLY

  • NDX WEEKLY

    NDX WEEKLY

  • XLE WEEKLY

    XLE WEEKLY

  • XLF WEEKLY

    XLF WEEKLY

  • XRT WEEKLY

    XRT WEEKLY

  • TLT WEEKLY

    TLT WEEKLY

  • UUP WEEKLY

    UUP WEEKLY

  • GLD WEEKLY

    GLD WEEKLY

  • USO MONTHLY

    USO MONTHLY

  • EFA WEEKLY

    EFA WEEKLY

  • IEV WEEKLY

    IEV WEEKLY

  • EEM WEEKLY

    EEM WEEKLY

  • NYMO DAILY

    NYMO  DAILY
    The NYMO is a market breadth indicator that is based on the difference between the number of advancing and declining issues on the NYSE. When readings are +60/-60 markets are extended short-term.

  • NYSI WEEKLY

    NYSI WEEKLY
    The McClellan Summation Index is a long-term version of the McClellan Oscillator. It is a market breadth indicator, and interpretation is similar to that of the McClellan Oscillator, except that it is more suited to major trends. I believe readings of +1000/-1000 reveal markets as much extended.

  • VIX WEEKLY

    VIX WEEKLY
    The VIX is a widely used measure of market risk and is often referred to as the "investor fear gauge". Our own interpretation is highlighted in the chart above. The VIX measures the level of put option activity over a 30-day period. Greater buying of put options (protection) causes the index to rise.


 
October’s rally was real and technicians must follow the tape’s judgment in that regard. But for those following the fundamentals, the rally has been a farce.

November will begin and we’ll see if we’re just returning to the unproductive trading range prominent the first six month of 2015.

Let’s see what happens

0 comments:

Publicar un comentario