Friday, March 19, 2010

Bulls vs. Bears and Market Summary on 19-MAR-2010

Bulls vs Bears and Market Summary on 03/19/2010
Short Term Bulls vs. Bears Scoring System
Comments: Well, now the game gets intertesting; Bulls 23 Bears 21; the next two days will be very critical for the short term direction. I cut many long positions today. I am in wait and see mode for the short term. Intermediate and long term still very bullish. Have a great weekend !
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 STD81.602.93Click HERE to show list of stocks
UP between 1 to 2 STD295.801.39Click HERE to show list of stocks
UP between 0 to 1 STD9819.600.35
DOWN between 0 to 1 STD23046.00-0.53
DOWN between 1 to 2 STD11022.00-1.34Click HERE to show list of stocks
DOWN over 2 STD255.00-2.46Click HERE to show list of stocks
Total # of UP Moves13527.000.73
Total # of DOWN Moves36573.00-0.91
Total500100-0.47
Note: Again, today we saw more downs than ups.
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: SPY is currently near the top of a diamond. Long term still in a strong up trend
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