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“McClellan Oscillator” fell to +32 - after only one day bounce from near Zero on Thurs
“McClellan Summation Index” rose a small step - 20th day up
% Stocks Above 200 Day PMA” rose to 89.20 % - a new high -- slightly - The numbers are close now -- BO200 vs BDn200 on NYSE
“%1 Chan Above 200 Avg.” and “% 2 Chan Above 200 Avg” fell a bit.
DJIA had an Inside Down day --
Today was signif weak -- after strong Friday-- with 3 to 1 Pos Breadth on Friday.
But- FRiday had steady PT from mid-day - and a wave down in last half hour.
The hammer Friday-- with Close gave it a good chance for Up close today -- Within Friday's Upper Wick
Tomorrow is the Productivity report -- it is expected to be very positive.
That helped today - in the last two hours recovery. But the disappointment stands out -- Breadth ended Neg -- and the big Avgs ended Neg.
DJIA closed at 9320-25 -- one positive note.
SP500 was also Inside Down - with Increased volume
The REIT and financial ETFs were also Inside Down
TLT up big -- after the retest Low on Friday -- with squat hammer
LQD up
JNK - inside down -- like most avgs
TNX--X 37.71 -.83 -- down near Friday's Open
DBA up .16
Oil up .21 70.72 - after small DBD
USO +.06 - low volume
UNG down
OIH XLE - Inside up
DXY0 - US DOllar - DBO - after big up Friday
GLD - gap down under sma20 -- but low volume
GDX -- also gap down under sma20 -- low vol
VIX--X 24.99 +.23
Tomorrow ---
830ET - Q2 Productivity - Prel -- est +5.5% vs 1.6% in Q1
830ET - Q2 Unit Labor costs - est -2.5% vs +3.0% in Q1
1000ET - Wholesale Inventories - June -- est -.9% vs -.8% in May
The FOMC meeting begins -- goes 2 days -- Decision on Wed 1415ET
The only early report Wed is Trade Balance - June --
The inside down on many avgs and stocks is disappointing -- but no damage so far
On DJIA - a Close Under 9256 would be a DDBD sell sig
That was the down close on THurs, 8/6/09
The ST trend is still Up -- It's hard to believe that the "shallow UTLine" is going to stop the Uptrend
Green DTLine=9490 tomorrow - approx
UBB was 9564 today -- est 9550 on Tues
9438 was HOD on Friday
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Market Information
Posted by Marco2u on 10th of Aug 2009 at 10:52 pm
“McClellan Oscillator” fell to +32 - after only one day bounce from near Zero on Thurs
“McClellan Summation Index” rose a small step - 20th day up
% Stocks Above 200 Day PMA” rose to 89.20 % - a new high -- slightly - The numbers are close now -- BO200 vs BDn200 on NYSE
“%1 Chan Above 200 Avg.” and “% 2 Chan Above 200 Avg” fell a bit.
DJIA had an Inside Down day --
Today was signif weak -- after strong Friday-- with 3 to 1 Pos Breadth on Friday.
But- FRiday had steady PT from mid-day - and a wave down in last half hour.
The hammer Friday-- with Close gave it a good chance for Up close today -- Within Friday's Upper Wick
Tomorrow is the Productivity report -- it is expected to be very positive.
That helped today - in the last two hours recovery. But the disappointment stands out -- Breadth ended Neg -- and the big Avgs ended Neg.
DJIA closed at 9320-25 -- one positive note.
SP500 was also Inside Down - with Increased volume
The REIT and financial ETFs were also Inside Down
TLT up big -- after the retest Low on Friday -- with squat hammer
LQD up
JNK - inside down -- like most avgs
TNX--X 37.71 -.83 -- down near Friday's Open
DBA up .16
Oil up .21 70.72 - after small DBD
USO +.06 - low volume
UNG down
OIH XLE - Inside up
DXY0 - US DOllar - DBO - after big up Friday
GLD - gap down under sma20 -- but low volume
GDX -- also gap down under sma20 -- low vol
VIX--X 24.99 +.23
Tomorrow ---
830ET - Q2 Productivity - Prel -- est +5.5% vs 1.6% in Q1
830ET - Q2 Unit Labor costs - est -2.5% vs +3.0% in Q1
1000ET - Wholesale Inventories - June -- est -.9% vs -.8% in May
The FOMC meeting begins -- goes 2 days -- Decision on Wed 1415ET
The only early report Wed is Trade Balance - June --
The inside down on many avgs and stocks is disappointing -- but no damage so far
On DJIA - a Close Under 9256 would be a DDBD sell sig
That was the down close on THurs, 8/6/09
The ST trend is still Up -- It's hard to believe that the "shallow UTLine" is going to stop the Uptrend
Green DTLine=9490 tomorrow - approx
UBB was 9564 today -- est 9550 on Tues
9438 was HOD on Friday