Market Curiosity: Exploring Markets And Systems

January 23, 2011

Outlook for January’s 4th week

Filed under: Just Watching — Jeff Fitzmyers @ 2:38 pm

Seems like stocks are working on a top:
A) +/- The inverted Put Call Ratio is neutral.
B) – The CCI on the daily Summation ratio is low, but the ratio has turned down and has tentatively formed a divergent top which is associated with bigger moves down. Xiphos Trading pointed this out.
C) – The weekly Summation ratio is starting to fall. But the CCI has made it to 100 at every peak in the past 3 years without exception. Hmmm..
D) – The NYSE Bullish percent is starting to fall.

The fed (not federal, nor reserve) must not be printing enough.

Raymond Merriman’s weekly update: … Sun and Mars aspects to Jupiter … Their conjunction will take place on Friday, February 4. In a study I presented at one of the Astro Economic conferences in Chicago several years ago, I demonstrated that this conjunction – with an orb of 1-4 weeks – had the highest correlation to 10% or greater moves in the Dow Jones Industrial Average … In addition we note that Jupiter will ingress from Pisces into Aries this weekend, January 22, and Saturn will turn stationary retrograde on Tuesday, January 25. Both can coincide with important cycle crests. The ingress of Jupiter into Aries is a rather bullish time for stock indices, pointing to a top within two weeks…

Bonds: Xiphos Trading Imperative not to be too bearish right now until lower support goes. Could easily rally to 200dma.

Long? (mostly just watching now)
SBK1 UPS COP EPD IEP JNJ KMP- LLL PCH RGR SWC TIE- PCLN JKS CIS ILMN EZPW NTAP MELI ESRX PRGO LYB SRCL WCRX RIMM

Short? (mostly just waiting for a bounce)
ADH1 EDH3 NFLZ NFLX MCK BRE CMG GS AAPL CCJ APKT CTSH (on a bounce?) BIIB

Of course SLW is always on the watch list. Supporting posts:
Jan 22: Silver’s January backwardation out to 12 months, SIFO chart, implications
Jan 8: Silver fundamentals suggest higher prices after correction

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