Wednesday, April 14, 2010

Bulls vs. Bears and Market Summary on 14-APR-2010

Bulls vs Bears and Market Summary on 04/14/2010
Short Term Bulls vs. Bears Scoring System
Comments: The picture says it all. The bulls finally regain over 25 points after many days. As I said in a few days ago, 25 is the threshold. When both of the scores are under 25, it means both bulls and bears are cautious, nobody wants initialize the move. My yesterday's charts, GS, F are among big winners today.
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 STD9418.802.90Click HERE to show list of stocks
UP between 1 to 2 STD13326.601.48Click HERE to show list of stocks
UP between 0 to 1 STD16633.200.49
DOWN between 0 to 1 STD8617.20-0.37
DOWN between 1 to 2 STD142.80-1.43Click HERE to show list of stocks
DOWN over 2 STD71.40-3.01Click HERE to show list of stocks
Total # of UP Moves39378.601.40
Total # of DOWN Moves10721.40-0.68
Total5001000.95
Note: wow, 94 stocks move up over 2std. This is very strong internal. Pullbacks need to be bought in my opinion.
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 finally moves into the upper yellow diamond today, bodes well for the bulls. Please let me know what do you think. This blog seems very quite lately, not much comments in this blog. Then again, with mkr rally almost daily, you don;t need any blog to tell you so. :) good lucks in your trading.
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