Monday, June 21, 2010

Bad price action today, but the bulls still in control



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: The huge gap up this morning generated too many supply, however the bulls are still in control in short term. This is a stock pickers market.
Summary of S&P 500 Stocks Daily Price Change Behavior Model 6/21/2010
Type of Daily Move# of StocksPercent of all stocksAvg MoveSymbols of the Moves
UP over 2 STD20.42.08Click here to show stocks
UP between 1 to 2 STD20.41.17Click here to show stocks
UP between 0 to 1 STD13527.050.29
DOWN between 0 to 1 STD33166.33-0.38
DOWN between 1 to 2 STD285.61-1.27Click here to show stocks
DOWN over 2 STD10.2-2.02Click here to show stocks
Total # of UP Moves13927.860.33
Total # of DOWN Moves36072.14-0.46
Total499100-0.24
Note:




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

Comments: bad candle and bad price action today, but the SPY chart still looks OK to me.
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