Monday, January 25, 2010

Expo Averages

Just a quick observation that the following have had bearish crosses of the 20-day expo average below the 50-day expo.

Telecoms
Brewers
Full Line Insurance
Personal Products (makeup and grooming)
Apparel Retailers
Toys
Integrated Oils
Gold
Mortgage Finance (a rousing Duh!)
Brokers
Brazil
China
Hong Kong
Spain
Austria
Belgium
Italy
German
Sweden
Greece

And in the "what the?" category, an upside cross for Food Retailers

7 comments:

paulocuana said...

The cross for crude oil is even sweeter (light & sweet) since it is under the 200-day expo average.

Paul O'Cuana

Quick Takes Pro said...

I don't see this. You mean the 20 is under the 50 is under the 200?

paulocuana said...

To clarify I'm using USO. The 20 and 50 are under the 200. Around the first of the month the 20 crossed above the 50 touched the 200 and then a couple of days ago the 20 crossed down below the 50.

USO is designed to track the movements of light, sweet crude oil (West Texas Intermediate).

Paul O'Cuana

steven said...

Do you believe the generational low you wrote of in Barron's will be below the March 2008 low?

Quick Takes Pro said...

Steven,

I still think the March 2009 (that's what you meant) low was the lowest low we'll see. However, the generational buying opportunity is still ahead - between March 2009 low and where we are now.

No matter the level, however, we'll know when we get there because we'll all want to throw up on our keyboards as we prepare the buy orders.

Quick Takes Pro said...

Paul,

USO is an odd bird due to the rollover issues. USL is a much better representation of the crude oil market but it is not as liquid.

Anyway, USO is in proper bear market order so you are right about that one being sweet (and punny).

USL is close. Crude oil futures still have 20 above 50.

steven said...

Thanks you, March 2009 was what I meant. Given your prior comment on a generational low, what could TZA trade up to, considering the spike it VIX you refer to (throwing up...)?