Short Term Bulls vs. Bears Scoring System | ||||
Short-term buy signal: Bulls>Bears and Bulls>=25; Sell signal: Bears>Bulls and Bears>=25 | Signal History | |||
Comments: Folks, The bulls tied the game. The signal becomes GREEN, really it should be YELLOW, because it is just tied the game. However, give the bulls lots of credit. SPY is closing in my target of 111 to 112 I mentioned two days ago. So I sold most of my longs today. After seen the signal now, I probably should have hold on my positions. I will slowly adding long positions back on any pullbacks. Today's signal may be a whipsaw signal, as the bears score is still rather high, and it is the same as the bulls score. However, it is great to see the bulls back on the game. | ||||
Summary of S&P 500 Stocks Daily Price Change Behavior Model 5/27/2010 | ||||
Type of Daily Move | # of Stocks | Percent of all stocks | Avg Move | Symbols of the Moves |
UP over 2 STD | 74 | 14.83 | 2.32 | Click here to show stocks |
UP between 1 to 2 STD | 324 | 64.93 | 1.45 | Click here to show stocks |
UP between 0 to 1 STD | 94 | 18.84 | 0.68 | |
DOWN between 0 to 1 STD | 5 | 1 | -0.4 | |
DOWN between 1 to 2 STD | 1 | 0.2 | -1.2 | Click here to show stocks |
DOWN over 2 STD | 1 | 0.2 | -2.11 | Click here to show stocks |
Total # of UP Moves | 492 | 98.6 | 1.44 | |
Total # of DOWN Moves | 7 | 1.4 | -0.76 | |
Total | 499 | 100 | 1.41 | |
Note: Bulls did not give any chance to the bears today. | ||||
How to read this table | ||||
Intermediate Term Market Mode | ||||
Comments: | ||||
Long Term ZigZag View of SPY | ||||
Comments: Today's volume is low, but the price action is impressive. The weak resistance line is up. If the market pullbacks on light volume, I will be buying. |
Thursday, May 27, 2010
The bulls tied the game, 5/27/2010
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