Bulls vs. Bears and Market Summary on 28-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				Signal History
Comments: The last 15 minutes action tells me nobody wants to hold stocks over the long weekend. As I warned yesterday, the bulls vs bears model could be a whipsaw signal. As planned, I sold many naked index puts today. Today's pullback is still healthy. As long as no more bad news from europe over the weekend, I expect the market to go higher. But nowadays, it seems that bad news from europe could come in any minute.  However, I am still bullish for the short term. Thanks for visiting, Have a great weekend.
Summary of S&P 500 Stocks Daily Price Change Behavior Model 5/28/2010
Type of Daily Move	# of Stocks	Percent of all stocks	Avg Move	Symbols of the Moves
UP over 2 STD	0	.	0	Click here to show stocks
UP between 1 to 2 STD	2	0.4	1.08	Click here to show stocks
UP between 0 to 1 STD	62	12.42	0.26
DOWN between 0 to 1 STD	402	80.56	-0.48
DOWN between 1 to 2 STD	28	5.61	-1.3	Click here to show stocks
DOWN over 2 STD	5	1	-2.58	Click here to show stocks
Total # of UP Moves	64	12.83	0.29
Total # of DOWN Moves	435	87.17	-0.56
Total	499	100	-0.45
Note:
				How to read this table
Intermediate Term Market Mode
Comments:
Long Term ZigZag View of SPY
Comments: Volume is lower than yesterday, which is good news for the bulls.