Daily Market Analysis

Daily Market Analysis for 27 May 2011

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 camp.

In any case, we are still in a Range-bound market state, it is neither Strong nor Weak. Thus the modest fall in SP500 index since early May might reverse, even if temporarily.

Primary Market Breadth  Neutral The difference  between NAHL and its 20 days moving average is narrowing. If we see some more breakdown to 52 week lows, the primary trend will be switched to Bearish.
Monetary Conditions  Bullish Monetary base keeps being added into the system significantly. Similarly, short-term interest is still much lower than longer term interest rate. Thus, Interest Rate Pump factor continues to rise.

Note: Any change from previous day summary is highlighted in blue.

Click on the following links for information on Market Timing Analysis in general, guides on Market Breadth Pattern, Primary Market Breadth, and Monetary Conditions, and Track Record of the Market Timing tool.

Market Breadth Patterns 

Click on the Chart itself to see the bigger version.
Primary Market Breadth

Monetary Conditions

Note: The following charts are updated once every other week. The chart was last updated on May 05, 2011.

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