Thursday, March 18, 2010

Bulls vs. Bears and Market Summary on 18-MAR-2010

Bulls vs Bears and Market Summary on 03/18/2010
Short Term Bulls vs. Bears Scoring System
Comments: Bulls are still in control(25 to 13). Tomorrow is options expiration day. Today I sold April's put verticals on AMZN and JNJ.
Summary of S&P 500 Stocks Daily Price Change Behavior Model
Type of Daily Move# of StocksPercent of all stocksAvg MoveSymbols of the Moves
UP over 2 STD173.402.72Click HERE to show list of stocks
UP between 1 to 2 STD336.601.40Click HERE to show list of stocks
UP between 0 to 1 STD17234.400.35
DOWN between 0 to 1 STD20440.80-0.43
DOWN between 1 to 2 STD6112.20-1.38Click HERE to show list of stocks
DOWN over 2 STD132.60-2.96Click HERE to show list of stocks
Total # of UP Moves22244.400.68
Total # of DOWN Moves27855.60-0.76
Total500100-0.12
Note: For a long time, today we finally saw more downs than ups in SP 500 stocks. I don't know if this is a trend changing event or not, but I don;t have to predict; I just have to follow the market. If the trend is really going to change, I will adjust my positions accordingly.
How to read this table
Intermediate Term Market Mode
INDEXCurrentModeSignalDateandPriceModeChangePrice
DOWBUY17-Feb-2010at10309WhenDailyClosePrice<10533ModewillbeSELL
S&P500BUY18-Feb-2010at1107WhenDailyClosePrice<1143ModewillbeSELL
NASADQBUY19-Feb-2010at2243WhenDailyClosePrice<2325ModewillbeSELL
Long Term ZigZag View of SPY



















Comments: AMZN and JNJ's diamondwise charts. Today I sold put verticals on them.
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