Tuesday, April 27, 2010

Bulls vs. Bears and Market Summary on 27-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: Wow, What a day, I really hope you came out OK today. I personally took big losses today. The market goes down because there are more willing sellers than buyers. Volume is huge, and another bad news is our intermediate term SP500 turned into SELL mode today.

I will post the industry group ranking based on spatial sorting later tonight.

Be careful, and be cautious if you are still long. Control your risk, and Good Lucks in your trading.
Summary of S&P 500 Stocks Daily Price Change Behavior Model 4/27/2010
Type of Daily Move# of StocksPercent of all stocksAvg MoveSymbols of the Moves
UP over 2 STD20.44.18Click here to show stocks
UP between 1 to 2 STD30.61.62Click here to show stocks
UP between 0 to 1 STD163.20.27
DOWN between 0 to 1 STD6112.2-0.6
DOWN between 1 to 2 STD19238.4-1.56Click here to show stocks
DOWN over 2 STD22645.2-2.99Click here to show stocks
Total # of UP Moves214.20.84
Total # of DOWN Moves47995.8-2.11
Total500100-1.99
Note: 226 stocks down over 2STD !!!. The market may bounce tomorrow, but the technical damage is just too big today.




How to read this table
Intermediate Term Market Mode
INDEXCurrent ModeSignal Date and PriceMode Change Price
DOWBUY17-Feb-2010 at 10309When Daily Close Price < 10967 Mode will be SELL
S&P500SELL27-APR-2010 at 1183When Daily Close Price > 1215 Mode will be BUY
NASADQBUY19-Feb-2010 at 2243When Daily Close Price < 2444 Mode will be SELL
Comments: SP500 turned into sell mode today, it needs go up to 1215 to become buy mode.
Long Term ZigZag View of SPY

Comments: The bears may be happy today, but the long term chart is still very healthy, now I believe we will stay within the yellow diamond for next month.
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