Monday, April 12, 2010

Bulls vs. Bears and Market Summary on 12-APR-2010

Bulls vs Bears and Market Summary on 04/12/2010
Short Term Bulls vs. Bears Scoring System
Comments: The market seems want to go higher, but participants are so cautious. The Bull and Bears scores are stuck around 20 points (if both under 25, meaning both bulls and bears are very cautious). I don't know what to expect in short term. If you are willing to share your views, please don;t hesitate to comment. Thanks.
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 STD122.402.95Click HERE to show list of stocks
UP between 1 to 2 STD5310.601.31Click HERE to show list of stocks
UP between 0 to 1 STD21242.400.41
DOWN between 0 to 1 STD19238.40-0.39
DOWN between 1 to 2 STD295.80-1.21Click HERE to show list of stocks
DOWN over 2 STD20.40-2.11Click HERE to show list of stocks
Total # of UP Moves27755.400.69
Total # of DOWN Moves22344.60-0.51
Total5001000.16
Note: slightly advantage to bulls.
How to read this table
Intermediate Term Market Mode
INDEXCurrentModeSignalDateandPriceModeChangePrice
DOWBUY17-Feb-2010at10309WhenDailyClosePrice<10770ModewillbeSELL
S&P500BUY18-Feb-2010at1107WhenDailyClosePrice<1165ModewillbeSELL
NASADQBUY19-Feb-2010at2243WhenDailyClosePrice<2361ModewillbeSELL
Long Term ZigZag View of SPY
Comments: SPY nears upper trendline, but volume declines, a concern in short term. Long term though, it is in strong uptrend.
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