Weekly Summary

I'm amazed that the market is still going up. I was expecting some sort of correction.

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Up
DJI	Up	Up	Up (+)
NasdaqComp	Up	Up	Up
DJ Transport	Up	Up	Up
DJ Utility	Up	Up	Up
Russell 2000	Up	Up	Up (+)
AMEX Airline	Up	Up	Up
AMEX Biotech	Up	Up	Up
AMEX Gold Bugs	Up	Up	Neutral
AMEX Natural Gas	Up	Neutral	Down
AMEX Oil	Up	Neutral (-)	Down (-)
AMEX Security Broker	Up	Neutral	Down (-)
AMEX Telco	Up	Up	Up
KBW Bank	Up	Neutral	Down
KBW Insurance	Up	Neutral	Neutral (+)
PHLX Housing	Up	Neutral	Down (-)
PHLX Semiconductor	Up	Up	Up
S&P Retail	Up	Up	Up

Weekly Summary

The reading for the week ending 4 Dec 2009:

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Up (+)
DJI	Up	Up	Up
NasdaqComp	Up	Up	Up (+)
DJ Transport	Up	Up	Up (+)
DJ Utility	Up	Up	Up
Russell 2000	Up	Up (+)	Neutral (+)
AMEX Airline	Up	Up	Up
AMEX Biotech	Up	Up (+)	Up (+)
AMEX Gold Bugs	Up	Up	Neutral (-)
AMEX Natural Gas	Up	Neutral	Down (-)
AMEX Oil	Up	Up	Neutral
AMEX Security Broker	Up	Neutral	Neutral (+)
AMEX Telco	Up	Up	Up
KBW Bank	Up	Neutral	Down
KBW Insurance	Up	Neutral	Down
PHLX Housing	Up	Neutral	Neutral (+)
PHLX Semiconductor	Up	Up (+)	Up (+)
S&P Retail	Up	Up	Up

US market still refuse to go down. I guess that it will continue to go up, step-by-step, since there are still many bears that are expecting a selldown.

Weekly Summary

Financial sector is the weakest.

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Neutral
DJI	Up	Up	Up
NasdaqComp	Up	Up	Neutral
DJ Transport	Up	Up	Neutral
DJ Utility	Up	Up (+)	Up (+)
Russell 2000	Up	Neutral	Down (-)
AMEX Airline	Up	Up (+)	Up (+)
AMEX Biotech	Up	Neutral	Neutral (+)
AMEX Gold Bugs	Up	Up	Up
AMEX Natural Gas	Up	Neutral	Neutral
AMEX Oil	Up	Up	Neutral
AMEX Security Broker	Up	Neutral	Down
AMEX Telco	Up	Up	Up
KBW Bank	Up	Neutral	Down (-)
KBW Insurance	Up	Neutral	Down
PHLX Housing	Up	Neutral	Down (-)
PHLX Semiconductor	Up	Neutral	Down (-)
S&P Retail	Up	Up	Up (+)

Silver

Silver Futures Daily Chart

Silver may have overcame it's channel trading. A possible parabolic move from here.

Disclosure: Long SLV, AGQ, HL.

Weekly Summary

US market looks weak. Buy signal only lasted briefly. Selling pressure is great. Looks like the financial is starting to roll-over.

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Neutral (-)
DJI	Up	Up	Up
NasdaqComp	Up	Up	Neutral (-)
DJ Transport	Up	Up	Neutral (-)
DJ Utility	Up	Neutral	Neutral
Russell 2000	Up	Neutral	Neutral
AMEX Airline	Up	Neutral	Neutral
AMEX Biotech	Up	Neutral	Down (-)
AMEX Gold Bugs	Up	Up	Up
AMEX Natural Gas	Up	Neutral (-)	Neutral
AMEX Oil	Up	Up	Neutral
AMEX Security Broker	Up	Neutral	Down (-)
AMEX Telco	Up	Up	Up
KBW Bank	Up	Neutral	Neutral (+)
KBW Insurance	Up	Neutral	Down (-)
PHLX Housing	Up	Neutral	Neutral
PHLX Semiconductor	Up	Neutral	Neutral
S&P Retail	Up	Up	Neutral (-)

Weekly Summary

I'm not posting much here because I'm out of money to buy anything. I am now just sitting on my positions that was entered 3-4 months ago.

Anyhow, here is the summary for the various sectors:

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Up (+)
DJI	Up	Up	Up
NasdaqComp	Up	Up	Up (+)
DJ Transport	Up	Up (+)	Up (+)
DJ Utility	Up	Neutral	Neutral
Russell 2000	Up	Neutral	Neutral
AMEX Airline	Up	Neutral	Neutral
AMEX Biotech	Up	Neutral	Neutral
AMEX Gold Bugs	Up	Up	Up
AMEX Natural Gas	Up	Up	Neutral
AMEX Oil	Up	Up	Neutral (-)
AMEX Security Broker	Up	Neutral	Neutral
AMEX Telco	Up	Up	Up (+)
KBW Bank	Up	Neutral	Down
KBW Insurance	Up	Neutral	Neutral (+)
PHLX Housing	Up	Neutral	Neutral
PHLX Semiconductor	Up	Neutral	Neutral (+)
S&P Retail	Up	Up	Up

Weekly Summary

Strongest sectors are gold, oil and retail. I don't understand why retail is going up when the consumers are now paying off their debt. I guess, most of the time, there is no logic behind a stock movement.

The summary for the rest:

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Neutral
DJI	Up	Up	Up (+)
NasdaqComp	Up	Up	Neutral
DJ Transport	Up	Neutral	Neutral (+)
DJ Utility	Up	Neutral	Neutral (+)
Russell 2000	Up	Neutral	Neutral (+)
AMEX Airline	Up	Neutral	Neutral (+)
AMEX Biotech	Up	Neutral	Neutral (+)
AMEX Gold Bugs	Up	Up (+)	Up (+)
AMEX Natural Gas	Up	Up	Neutral
AMEX Oil	Up	Up	Up (+)
AMEX Security Broker	Up	Neutral	Neutral
AMEX Telco	Up	Up (+)	Neutral
KBW Bank	Up	Neutral	Down
KBW Insurance	Up	Neutral	Down
PHLX Housing	Up	Neutral	Neutral (+)
PHLX Semiconductor	Up	Neutral	Down
S&P Retail	Up	Up	Up (+)

Weekly Summary

From the charts that I have seen, only the housing index gives a strong sell, the rest, only a weak sell. So, my conclusion is that the current sell off is just a normal correction.

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Neutral
DJI	Up	Up	Neutral (-)
NasdaqComp	Up	Up	Neutral (-)
DJ Transport	Up	Neutral (-)	Down (-)
DJ Utility	Up	Neutral (-)	Down (-)
Russell 2000	Up	Neutral (-)	Down (-)
AMEX Airline	Up	Neutral (-)	Down (-)
AMEX Biotech	Up	Neutral (-)	Down (-)
AMEX Gold Bugs	Up	Neutral (-)	Neutral
AMEX Natural Gas	Up	Up	Neutral
AMEX Oil	Up	Up	Neutral (-)
AMEX Security Broker	Up	Neutral (-)	Neutral
AMEX Telco	Up	Neutral (-)	Neutral
KBW Bank	Up	Neutral (-)	Down (-)
KBW Insurance	Up	Neutral (-)	Down (-)
PHLX Housing	Up	Neutral	Down (-)
PHLX Semiconductor	Up	Neutral (-)	Down (-)
S&P Retail	Up	Up	Neutral (-)

Weekly Summary (late)

Summary:

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Neutral (-)
DJI	Up	Up	Up
NasdaqComp	Up	Up	Up
DJ Transport	Up	Up	Neutral (-)
DJ Utility	Up	Up	Neutral (-)
Russell 2000	Up	Up	Neutral (-)
AMEX Airline	Up	Up	Neutral (-)
AMEX Biotech	Up	Up	Neutral (-)
AMEX Gold Bugs	Up	Up	Neutral (-)
AMEX Natural Gas	Up	Up	Neutral (-)
AMEX Oil	Up	Up	Up
AMEX Security Broker	Up	Up	Neutral (-)
AMEX Telco	Up	Up	Neutral (-)
KBW Bank	Up	Up	Neutral (-)
KBW Insurance	Up	Up	Neutral (-)
PHLX Housing	Up	Neutral (-)	Neutral (-)
PHLX Semiconductor	Up	Up	Neutral (-)
S&P Retail	Up	Up	Up

Oil and retail is still holding up.

Weekly Summary

Improved bullishness but doesn't seem to be a strong up movement.

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Up
DJI	Up	Up	Up
NasdaqComp	Up	Up	Up
DJ Transport	Up	Up	Up
DJ Utility	Up	Up (+)	Up (+)
Russell 2000	Up	Up	Up
AMEX Airline	Up	Up	Up (+)
AMEX Biotech	Up	Up	Up (+)
AMEX Gold Bugs	Up	Up	Up
AMEX Natural Gas	Up	Up	Up
AMEX Oil	Up	Up	Up
AMEX Security Broker	Up	Up	Up
AMEX Telco	Up	Up	Up
KBW Bank	Up	Up	Up
KBW Insurance	Up	Up	Up
PHLX Housing	Up	Up (+)	Up (+)
PHLX Semiconductor	Up	Up	Up
S&P Retail	Up	Up	Up

Weekly Summary

The up trend has resume:

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Up (+)
DJI	Up	Up	Up (+)
NasdaqComp	Up	Up	Up (+)
DJ Transport	Up	Up	Up (+)
DJ Utility	Up	Neutral	Neutral
Russell 2000	Up	Up	Up (+)
AMEX Airline	Up	Up	Neutral
AMEX Biotech	Up	Up	Neutral
AMEX Gold Bugs	Up	Up	Up (+)
AMEX Natural Gas	Up	Up	Up (+)
AMEX Oil	Up	Up	Up (+)
AMEX Security Broker	Up	Up	Up (+)
AMEX Telco	Up	Up	Up (+)
KBW Bank	Up	Up	Up (+)
KBW Insurance	Up	Up	Up (+)
PHLX Housing	Up	Neutral	Neutral
PHLX Semiconductor	Up	Up	Up (+)
S&P Retail	Up	Up	Up (+)

Platinum Group Metals Ltd. (PLG)

PLG Weekly Chart

Platinum Group Metals Ltd. (PLG) has broken out of downtrend. Platinum price is going up. Trying to ride the trend with PLG.

Disclosure: Long in PLG.

Weekly Summary

S&P 500 Daily Chart

2 weeks of correction and still no sign of stabilization. Based on the daily S&P 500 chart, for it to go up further, it must build a base at current value. I believe that it should rebound at the beginning of the week to 1050 and then come back down.

For the rest of the sectors, no serious sign of massive selling yet:

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Neutral
DJI	Up	Up	Neutral
NasdaqComp	Up	Up	Neutral
DJ Transport	Up	Up	Neutral
DJ Utility	Up	Neutral (-)	Neutral
Russell 2000	Up	Up	Neutral
AMEX Airline	Up	Up	Neutral (-)
AMEX Biotech	Up	Up	Neutral
AMEX Gold Bugs	Up	Up	Neutral
AMEX Natural Gas	Up	Up	Neutral
AMEX Oil	Up	Up	Neutral
AMEX Security Broker	Up	Up	Neutral
AMEX Telco	Up	Up	Neutral
KBW Bank	Up	Up	Neutral
KBW Insurance	Up	Up	Neutral
PHLX Housing	Up	Neutral (-)	Neutral
PHLX Semiconductor	Up	Up	Neutral
S&P Retail	Up	Up	Neutral