I rarely get sick and am pissed off that my body dare succumb to viruses and leave me bedridden with a fever, like a common gypsy. It is insulting to me that I feed my self rare steaks, soak in the vitamin D, and cool myself with oat sodas, and this is the thanks I get?

Moving on, I now feel great (white rhinos played and important role) and have resumed my former post as a pillar of health in the community.

The market.

iBC Machine is still negative, but has a couple oversold indicators. Like many other indicators I look at, it seems to suggest a reflex rally is nigh, but lately I get the impression we’re just going to stay oversold for longer than expected and bounce following some crazy washout.

Check out the new and fully automated Makin It Rain Indicator. It’s really a TSI line. I renamed it. The red line is where historically putting on new shorts hasn’t worked out, including analysis of periods going back to the 1980s.

Here’s a weekly of the ol’ SP Five hunned.

Currently, we are at an area where bounces have occurred (beg. of 2008, JAS 2004), but historically the reading could go a lot lower (like in 2001, 2002).

Few stocks make it to above 50 on the topside and below -50 on the downside. So I searched through 7000 stocks and these are the few that came up.

Overbought: Though the stock is bullish, I wouldn’t add or buy here. You can infer from this that the stock is shortable for a few points, with money management stops in place, but mostly it’s that momentum is peaking.

[[dmrc]]

[[amgn]]

Oversold:

A lot of banks. I didn’t see much that peaked my interest. On the list was banks of all sorts, [[NVDA]], [[ACLI]], [[FUN]], [[CNH]], [[osk]], [[htz]], media, newspapers, a casino or two. The problem with these is that they aren’t oversold for reactionary reasons, they are oversold for fundamental reasons, and as such, I don’t like any of them on betting for a bounce.