Saturday Report. 13 February, 2016.

In America:

DJ +2%, SP500 +1.95%, Nasdaq +1.66%, NY Composite +2.21%, Russell 2000 +1.92%.

New Lows on the NYSE decreased sharply from 710 to 139.  The NH/NL Ratio is bearish at 14.2%.

American Bonds:

Below is a Relative Strength Chart of  10Yr/30Yr Bonds.  When 10Yrs are doing better than 30 Yrs, we see a risk-on market.   Expect stocks to do well.  We need to see this chart turn up.  In the last session, there was a rush to the safety of bonds.  This is a risk-off market.

 

This is the first substantial move up in this chart since the beginning of this month.  It needs to get above the 20-Day MA.  The move is very positive especially with the +ve divergence on the MACD Histogram.  This could signal the end of the down trend in stocks.

Commodities:

U.S. Dollar last night: UUP up +0.44%.  DBC +1.23%, Base Metals +0.77%, Energy +2.9%, GLD +0.77%.  GLD -0.59%.

 

Full Weekly Report tomorrow.

RB