Around the Globe Asia – CLOSED Shanghai (China) +0.03% Hang Seng (Hong Kong) -0.23% Nikkei (Japan)+1.10% Europe as of 7:51am EDT DAX (Germany) -0.20% FTSE (UK) -0.15% Today’s Economic News: Quote of the day: On the Internet, nobody knows you’re a dog. – Peter Steiner Current Allocations from our room: Performance Month to...
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Score: +18 Big day for the bulls, taking a nice gap and running with it. Monday is all about follow through. 281 new highs on the Russell. Last time that happened was that sept-nov 2010 bull rally we have been using as a model. Back to flat for the...
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Score: +8 Bulls held an nr7 day positive. There is still life in the long side. The NYSE underperformed in the 52 week new highs but risk on was the word. Or 10 DHL continues to look like the prairie. Flat, The 50 DPI is starting to run...
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Score: +14 The bulls pushed with great breadth yesterday, popping the most 52 week new highs in over a year. Momentum continues to build. The 52 Week new highs continue to build to the upside. The 10 day cycle returned strong. The 50 DPI put in a perfect...
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Around the Globe Asia – CLOSED Shanghai (China) -1.07% Hang Seng (Hong Kong) -0.28% Nikkei (Japan)+0.08% Europe as of 7:39am EDT DAX (Germany) +2.40% FTSE (UK) +1.48% Today’s Economic News: Europe having a good day as the PMI data come in strong and the Euro Fed starts to get fleshed out. Lots of US...
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Score: +2 Back to bull scores. Nice 52 week new highs. Nice build on the 52 week new highs. The 10 day cycles having a dip. Now we look for a decisive cross of the 20 DMA and the 50 DPI to call a top. Follow me on...
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Around the Globe Asia – Trifecta Shanghai (China) +0.33% Hang Seng (Hong Kong) +1.14% Nikkei (Japan)+0.11% Europe as of 7:29am EDT DAX (Germany) +1.00% FTSE (UK) +0.70% Today’s Economic News: Quote of the day: There’s an old saying about those who forget history. I don’t remember it, but it’s good. – Stephen Colbert ...
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Score: –8 The bears scored their first negative score in two weeks of trading. We don’t think it will last for long with a high probability of at least neutral or back to bullish today. Lower 52 Week new highs all around, but an easy day for a bullish score and...
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Score: +8 Despite a tough day on Friday, the 50 DPI continued to move higher on breadth. We think a little relaxing is due this week and expect to see our first bearish scores in over two week. 52 Week new highs peak on Thursday of last week. Expecting to see...
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Score: +2 Despite the selling in the afternoon, the bulls with the strong open get credit for the 52 week new highs that were racked up. We think a couple days of weakness are in store as price relaxes to a more attractive level. Nice spike in 52 week new highs. ...
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