Daily Market Analysis

Daily Market Analysis for 15 Jun 2011 Close

Market Timing Summary:

Market Timing Direction: SHORT

 Direction  Note
Market Breadth Pattern Bearish Previous day’s bounce was wholly nullified by yesterday’s sharp decline. The decline was characterized by relatively large number of down trending stocks being distributed. Only a small number of range-bound stocks were distributed. This shows that the downside movement is no longer “young”.

Nevertheless, we have not seen any accumulation yet. Thus I continue to see greater likelihood and size for down side move.

Primary Market Breadth  Bearish Primary market breadth has turned 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.
Industry Rotation Strong: Aerospace & Defence, Chemical, Diversified Investment, Multimedia & Graphic.
Weak : Precious Metals, Rare Earth, China, Air Transport, Textile.

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 

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Primary Market Breadth

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Monetary Conditions

Note: The following charts are updated once every other week. The chart was last updated on June 10, 2011.

Industry Rotation

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Industry Rotation Map

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