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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (17317)	11/3/2015 7:01:30 PM
From: John Pitera	4 Recommendations Recommended By isopatch mary-ally-smith roguedolphin The Ox Read Replies (1) \| Respond to of 33421

Hi Iso, look at this 10 week RRG, chart we ran today and it illustrates how the Narrower The Index the bigger the rally. The QQQ and S&P 100 ( the old OEX) have the strongest rallies and as the indices become broader and equal weighted... the rebound and rally becomes weaker and weaker. The Russell 2000, the cumulative A/D lines on averages New Highs vs new lows and other similar metrics have been showing a thinning market all year.... Super Bull laszlo birinyi... went on CNBC yesterday and said he was the most caution that he has been in years... he has had targets of SPX 2150 for 2015 and SPX 2300 for next year ..... however he cautioned on how earnings have been achieved through financial engineering in too many areas to provide him real comfort. . . Message 26607841 and I have another post that I want to repost later tonight regading I think I will highlight what I feel are the really key passages in both of the posts. and notice how bullish I am back in 2013 due to US energy renaissance and the low relative costs for US companies.. Message 28777295 John

To: isopatch who wrote (17317)	11/4/2015 11:01:56 AM
From: The Ox	4 Recommendations Recommended By 3bar isopatch John Pitera sixty2nds Read Replies (2) \| Respond to of 33421

Excellent article and an issue that has been a serious headwind for the market, the lack of a majority of stocks that are performing well. The flip side to the conclusion of being a large negative for the market would be if the majority of stocks are now in the oversold and under priced category. If the broad market attempts to catch up with the generals, we could have one hell of a run.....(big if).

To: isopatch who wrote (17317)	11/6/2015 12:16:55 AM
From: John Pitera	3 Recommendations Recommended By roguedolphin sixty2nds The Ox Read Replies (2) \| Respond to of 33421

Daily Crude Chart looking bearish....with the action the past couple of days... after topping at $48.33 a couple of days ago.... Crude has softened and has fallen back below it's 50 Day MA and it's 21 DMA... It's giving a renewed sell signal on the RSI Multiple Moving average Cross over system and the stochastics are below 50....let's see if some heavy selling develops over the next few days. I would have liked to see Crude get closer to it's 200 dma and the commercials were selling it a buck lower than the early Sept rally to $49.33... I was going to post a few charts of the XLE and several drillers and the majors like XOM, which is above it's 200 day ma an CVX...which got above it and then rolled over the way Gold did a few weeks ago. Let's see if some significant selling pressure on Crude does in fact develop over the coming week. John d The USD is right up at the top of a sideways consolidtion range.... is it ready to break out.... maybe not yet. The LQD.... high grade corporate bond etf has sold off quite a bit since reaching a reversal that really kicked in on Oct. 27th