Monday, May 10, 2010

Bulls vs. Bears and Market Summary on 10-MAY-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, massive short covering or dip buying?, the bulls don't care. This market is so news driven. I don't believe all the troubled news is over, but I may add some longs, because I am only 5% long. The stop will be today's low on close basis.
Good lucks in your trading.
Summary of S&P 500 Stocks Daily Price Change Behavior Model 5/10/2010
Type of Daily Move# of StocksPercent of all stocksAvg MoveSymbols of the Moves
UP over 2 STD35771.542.87Click here to show stocks
UP between 1 to 2 STD10721.441.6Click here to show stocks
UP between 0 to 1 STD244.810.46
DOWN between 0 to 1 STD61.2-0.63
DOWN between 1 to 2 STD30.6-1.35Click here to show stocks
DOWN over 2 STD20.4-11.18Click here to show stocks
Total # of UP Moves48897.82.47
Total # of DOWN Moves112.2-2.74
Total4991002.36
Note: 357 stocks over 2std, the highest number ever since I track this data.




How to read this table
Intermediate Term Market Mode
Comments:
Long Term ZigZag View of SPY

Comments: SPY jumped back into the yellow diamond. Good first step.
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