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Week Ending October 26, 2013

The weekly index charts for the S&P500 (SPX), the Dow Jones Industrial Average (DJIA), and the NASDAQ Composite (COMP) indicate that we are continuing our upward march. The equity indices charts are still showing healthy OBV and MF patterns for both the daily and weekly charts. The weekly money flow actual statistics are still confirming that.

As for 10-year bond yields (TNX) and the 30-year one (TYX), both continued their pullback from the recent highs, while the Gold ETF (GLD) had an overall good week. I am a bit confused here, and would change my previous belief that bond rates and Gold should revert to their (up-trending for rates, down-trending for Gold) longer moving averages in the coming weeks, as they are continuing their slow zigzagging journeys (upwards for rates, and downwards for Gold) to a more neutral stand and wait for more data and action.

You see, we still need to get fresh data (NYSEARCA:CPI) now that the government shutdown is over, as the latest CPI numbers are still those for August. Further, the Federal Reserve Balance sheet history continued its upward march from $3,813,599 on October 16 to $3,839,033 million on October 23, clearly not abating. Further, this puts the September-to-October increase at more than $100,000 million; which is more than the $80+ we are counting on. In short, one needs to be careful in case The Fed is seeing something we are not.

My usual tables follow. This is as of the end-of-day October 25, 2013.

Index/ETF Symbol and Name Daily 3-EMA-7 Weekly 3-EMA-7   Perceived Trend  
SPX S&P 500 Index Up Up   Positive  
DJIA Dow Jones Industrial Average Up Up   Positive  
COMP NASDAQ Composite Index Up Up   Positive  
GLD SPDR Gold Trust ETF Neutral Down   Positive  
VIX CBOE Volatility Index Down Neutral   Negative  
TNX CBOE 10 Year Treasury Note Yield Index Down Up   Negative  
TYX CBOE 30 Year Treasury Bond Yield Index Down Up   Negative  
Click to enlarge

Important to note that TNX and TYX move in the opposite direction of the underlying treasuries (Positive for Yield is Negative for Bond price).

The per equity tables are below. My Oscillator stands at 20, which is fairly bullish.

Symbol and Company Name Daily 3-EMA-7 Weekly 3-EMA-7   Perceived Trend   Is a Current Holding?
jcp JC Penney Company, Inc. Down Down   Negative    
jpm JPMorgan Chase & Co. Up Up   Neutral   Yes
gs The Goldman Sachs Group, Inc. Neutral Up   Positive    
nly Annaly Capital Management, Inc. Up Down   Positive   Yes
mo Altria Group, Inc. Up Up   Positive    
t AT&T Inc. Up Down   Positive    
vz Verizon Communications Inc. Up Neutral   Positive    
gps The Gap, Inc. Down Down   Negative    
anf Abercrombie and Fitch Co. Neutral Down   Neutral   Yes
jwn Nordstrom, Inc. Up Neutral   Positive    
dis The Walt Disney Company Up UP   Positive   Yes
mcd McDonald's Corp. Down Down   Negative    
mdlz Mondelez International, Inc. Up Up   Positive   Yes
ba The Boeing Company Up Up   Positive    
lmt Lockheed Martin Corporation Up Up   Positive   Yes
cat Caterpillar Inc. Neutral Neutral   Neutral    
de Deere & Company Up Neutral   Neutral    
emr Emerson Electric Co. Up Up   Positive    
dow Dow Chemical Co. Up Up   Negative    
adm Archer, Daniels, Midland, Co. Up Up   Positive   Yes
mon Monsanto, Co. Up Up   Positive   Yes
pot Potash Corp. of Saskatchewan Inc. Neutral Down   Negative   Yes
pfe Pfizer Inc. Up Up   Positive    
bmy Bristol-Myers Squibb Company Up Up   Neutral    
abc AmerisourceBergen Corporation Up Up   Positive    
aapl Apple, Inc. Up Up   Positive    
intc Intel Corporation Up Up   Positive    
csco Cisco Systems, Inc. Down Neutral   Negative    
hpq Hewlett-Packard Company Up Neutral   Positive   Yes
cvx Chevron Corporation Neutral Neutral   Positive   Yes
bp BP plc Up Up   Positive    
ngg National Grid plc Up Up   Positive   Yes
ni NiSource, Inc. Up Up   Positive    
wmb Williams Companies, Inc. Up Up   Positive   Yes
wm Waste Management, Inc. Up Up   Positive    
cnw Con-way Inc. Up Up   Neutral    
csx CSX Corp. Up Up   Positive   Yes
nsc Norfolk Southern Corp. Up Up   Positive    
Click to enlarge

IMPORTANT DISCLAIMER: It is important that you understand and agree that all information provided in this newsletter rely on publicly available data and tools with no guarantees of quality or suitability for any purpose, and that I can be long or short in any of my trading-set equities, at any time, with or without regard to indicated trends and described analytics, and that I do not give buy or sell or any other financial recommendations, and that any and all actions based on this commentary are solely the responsibility of the reader.