Wednesday, May 26, 2010

Bulls vs. Bears and Market Summary on 26-MAY-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: I don't like today's price action. The bulls vs. bears model remains bears control, i.e., don't buy stock. Size should be small if buying. My bullish call yesterday looking foolish now. I added some longs today. I have to watch my stops closely tomorrow.
Summary of S&P 500 Stocks Daily Price Change Behavior Model 5/26/2010
Type of Daily Move# of StocksPercent of all stocksAvg MoveSymbols of the Moves
UP over 2 STD0.0Click here to show stocks
UP between 1 to 2 STD81.61.15Click here to show stocks
UP between 0 to 1 STD19739.480.34
DOWN between 0 to 1 STD26452.91-0.38
DOWN between 1 to 2 STD275.41-1.31Click here to show stocks
DOWN over 2 STD30.6-2.48Click here to show stocks
Total # of UP Moves20541.080.37
Total # of DOWN Moves29458.92-0.49
Total499100-0.13
Note:




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

Comments: SPY is still above the trendline, but I don't like the fact SPY is the lowest on closes basis. How many times can the bulls withstand the knocking on the trendlines?
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