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Daily Market Analysis for 28 Jul 2011 Close

Market Timing Summary: Market Timing Direction: SHORT since July 27 Close.  Direction  Note Market Breadth Pattern  Bearish Heavy selling pressure on July 27 was strong enough to trigger “RangeboundSelling” bearish pattern.  Keep in mind that we are still in a Range-bound market state, i.e. neither in Strong nor Weak market state. Perhaps uncertainty pertaining to debt … Continue reading

Daily Market Analysis for 27 Jul 2011 Close

Market Timing Summary: Market Timing Direction: SHORT since July 27 Close.  Direction  Note Market Breadth Pattern  Bearish Today’s heavy selling pressure is strong enough to trigger “RangeboundSelling” bearish pattern.  Keep in mind that we are still in a Range-bound market state, i.e. neither in Strong nor Weak market state. Perhaps uncertainty pertaining to debt ceiling issue … Continue reading

Daily Market Analysis for 26 Jul 2011 Close

Market Timing Summary: Market Timing Direction: NEUTRAL.  Direction  Note Market Breadth Pattern  Neutral We changed our view to neutral after a few days of failing to break resistance level, hence the appearance of “StopAtResist” pattern.  Keep in mind that we are still in a Range-bound market state, i.e. neither in Strong nor Weak market state. … Continue reading

Daily Market Analysis for 25 Jul 2011 Close

Market Timing Summary: Market Timing Direction: LONG since Jul 21 Close.  Direction  Note Market Breadth Pattern  Bullish On July 21, we saw significant number of stocks considered accumulated (166 from range-bound stocks and 42 from up trending stocks). Coupled with the fact that just 2 days prior we saw some moderate buying and we have seen … Continue reading

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