Thursday, May 27, 2010

The bulls tied the game, 5/27/2010



Short Term Bulls vs. Bears Scoring System

Short-term buy signal: Bulls>Bears and Bulls>=25; Sell signal: Bears>Bulls and Bears>=25Signal 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 StocksPercent of all stocksAvg MoveSymbols of the Moves
UP over 2 STD7414.832.32Click here to show stocks
UP between 1 to 2 STD32464.931.45Click here to show stocks
UP between 0 to 1 STD9418.840.68
DOWN between 0 to 1 STD51-0.4
DOWN between 1 to 2 STD10.2-1.2Click here to show stocks
DOWN over 2 STD10.2-2.11Click here to show stocks
Total # of UP Moves49298.61.44
Total # of DOWN Moves71.4-0.76
Total4991001.41
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.
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