Wednesday, March 24, 2010

Bulls vs. Bears and Market Summary on 24-MAR-2010

Bulls vs Bears and Market Summary on 03/24/2010
Short Term Bulls vs. Bears Scoring System
Comments: well, I did not add any longs today. I just felt unease to add any longs here. Bulls only lead by 2 now, a 3 pointer by the bears, the bears will take the lead. Bulls need to be cautious here. Good lucks in trading.
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 STD81.602.51Click HERE to show list of stocks
UP between 1 to 2 STD204.001.32Click HERE to show list of stocks
UP between 0 to 1 STD8316.600.36
DOWN between 0 to 1 STD22044.00-0.53
DOWN between 1 to 2 STD14529.00-1.41Click HERE to show list of stocks
DOWN over 2 STD244.80-2.92Click HERE to show list of stocks
Total # of UP Moves11122.200.69
Total # of DOWN Moves38977.80-1.00
Total500100-0.63
Note: Mkt internal very bad today; 24 stocks down over 2std.
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: MCD, APPL, and so many others are all near the top of a diamond;  too many topping patterns; I am little unease to be long here.
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