Wednesday, June 2, 2010

Bulls take lead, 28 to 22, Jun-2-2010



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: Today , "lack of selling" pushs the market higher. The low volume is a concern to me, but the price action is impressive. I was expecting today's behavior yesterday, but it came a day later. That's OK, as I hold my long positions. The bulls vs bears model turn into bull control again today. If this is a valid signal, buying into pullback should be a good strategy. I need see a higher volume up to make me feel more comfortable with the current signal. Hope all is well.
Summary of S&P 500 Stocks Daily Price Change Behavior Model 6/2/2010
Type of Daily Move# of StocksPercent of all stocksAvg MoveSymbols of the Moves
UP over 2 STD204.012.44Click here to show stocks
UP between 1 to 2 STD26953.911.36Click here to show stocks
UP between 0 to 1 STD20040.080.68
DOWN between 0 to 1 STD91.8-0.28
DOWN between 1 to 2 STD10.2-1.08Click here to show stocks
DOWN over 2 STD0.0Click here to show stocks
Total # of UP Moves489981.12
Total # of DOWN Moves102-0.36
Total4991001.09
Note:




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

Comments: SPY is still inside the yellow diamond, need high volume to break thru.
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