Bulls vs. Bears and Market Summary on 9-APR-2010

Bulls vs Bears and Market Summary on 04/09/2010

Short Term Bulls vs. Bears Scoring System
Comments: The bulls take back the lead today, please note that I am not using the bulls vs bears score exclusively as my signals to buy or sell, I am combining my chart reading and intermediate term signals to make my short term trading; otherwise the whipsaws will cost me a lot in this kind of market. I am cautiously bullish short term, but very bullish longer term. Next week is the option expiration week, I hope my option positions can be closed in greater profits next week. Have a great weekend. Thanks for visiting this blog.
Summary of S&P 500 Stocks Daily Price Change Behavior Model
Type of Daily Move	# of Stocks	Percent of all stocks	Avg Move	Symbols of the Moves
UP over 2 STD	35	7.00	2.72	Click HERE to show list of stocks
UP between 1 to 2 STD	112	22.40	1.40	Click HERE to show list of stocks
UP between 0 to 1 STD	253	50.60	0.50
DOWN between 0 to 1 STD	87	17.40	-0.34
DOWN between 1 to 2 STD	11	2.20	-1.44	Click HERE to show list of stocks
DOWN over 2 STD	2	0.40	-2.54	Click HERE to show list of stocks
Total # of UP Moves	400	80.00	0.94
Total # of DOWN Moves	100	20.00	-0.50
Total	500	100	0.65
Note: The bulls did very good today, as 35 stocks up 2 std.
How to read this table

Intermediate Term Market Mode
INDEX	CurrentMode	SignalDateandPrice	ModeChangePrice
DOW	BUY	17-Feb-2010at10309	WhenDailyClosePrice<10770ModewillbeSELL
S&P500	BUY	18-Feb-2010at1107	WhenDailyClosePrice<1165ModewillbeSELL
NASADQ	BUY	19-Feb-2010at2243	WhenDailyClosePrice<2361ModewillbeSELL
Long Term ZigZag View of SPY
Comments: SPY moves into another diamond, I hope it will stay in the diamond or break into the upper diamond. If it goes into the upper diamond, the market will have another leg up. We shall wait and see.