Monday, April 26, 2010

Bulls vs. Bears and Market Summary on 26-APR-2010



Short Term Bulls vs. Bears Scoring System

Short-term buy signal: Bulls>Bears and Bulls>=25; Sell signal: Bears>Bulls and Bears>=25
Comments: The market seems tired, but I am still a bull. Low volume pullback is healthy. I would only worry if there is any high volume sell off in the next few days.

I am almost done with "Sector Spatial Sorting", I will start posting on it in the next few days.

Thank you, TSF, for your very encouraging comment and great suggestions on Sector Analysis yesterday.  TSF says in comments"...You are an excellent market watcher and you have an excellent blog. May I suggest that you build on your own strengths and the strengths of your blog, which can be summarized as LESS IS MORE...K.I.S.S. Keep it smart and simple". Thank you!
Summary of S&P 500 Stocks Daily Price Change Behavior Model 4/26/2010
Type of Daily Move# of StocksPercent of all stocksAvg MoveSymbols of the Moves
UP over 2 STD512.95Click here to show stocks
UP between 1 to 2 STD3061.38Click here to show stocks
UP between 0 to 1 STD15831.60.41
DOWN between 0 to 1 STD21342.6-0.5
DOWN between 1 to 2 STD7114.2-1.39Click here to show stocks
DOWN over 2 STD234.6-2.53Click here to show stocks
Total # of UP Moves19338.60.62
Total # of DOWN Moves30761.4-0.86
Total500100-0.29
Note: The bears have upper hand today in market internal.




How to read this table
Intermediate Term Market Mode
INDEXCurrent ModeSignal Date and PriceMode Change Price
DOWBUY17-Feb-2010 at 10309When Daily Close Price < 10947 Mode will be SELL
S&P500BUY18-Feb-2010 at 1107When Daily Close Price < 1188 Mode will be SELL
NASADQBUY19-Feb-2010 at 2243When Daily Close Price < 2444 Mode will be SELL
Comments:
Long Term ZigZag View of SPY

Comments: I hope the SPY will follow my arrows shown; the black arrow will enter the upper diamond. We shall wait and see.
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