Market Timing Summary: Market Timing Direction: NEUTRAL Direction Note Market Breadth Pattern Neutral There was not much accumulation today even if the indexes were grinding higher. Only around 50 stocks were considered accumulated. SPX reached day’s High right at a trend line connecting swing highs in May. These are not good signs for the bull … Continue reading
Market Timing Summary: Market Timing Direction: NEUTRAL 24 May 2011 Direction Note Market Breadth Pattern Neutral Yesterday I switched our market timing view to neutral from bearish. We saw a modest number of stocks being accumulated. In addition, it has been three days since we last saw modest selling. Coupled with supports level lurking around 1,300 … Continue reading
I am having problem with my platform to generate market timing signals. Although I am still on the bearish side, I will change my Market timing signal to neutral from today until I get my decision support system back. Have a good day.
Market Timing Summary: Market Timing Direction: SHORT 24 May 2011 Direction Note Market Breadth Pattern Bearish Today we saw increasing number of stocks being distributed. We thus maintain our bearish view. The last market breadth pattern we saw is the Bearish RangeBoundSelling on May 11, 2011. Read a special discussion on this pattern below. Primary Market … Continue reading