Daily Market Analysis

Daily Market Analysis for 20 Mar 2012 Close

Welcome to Objectively Defined Non-Ambiguous Market Timing Analysis.

Market Timing Direction: BULLISH since Mar 13 Close. See complete track record of the market timing performance.

Analysis  Direction  Timely Note
Market Breadth Pattern  Bullish Though the market closed negative, it was a slightly positive day breadth-wise. We thus maintain our Long exposure.

The system is at heart a trend following and exhaustion reversal system. Unless we see deterioration in breadth statistics, we will maintain our Long exposure.

The market is in a Strong market state. 

Primary Breadth Trend  Bullish The primary market breadth is now in bullish territory.
Monetary Conditions  Bullish Monetary base started to decline. However, short-term interest is still much lower than longer term interest rate. Thus, Interest Rate Pump factor continues to rise. Monetary policy is still extra easy.

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

Market Breadth Pattern

Primary Market Breadth

Please refer to the following page: http://stockcharts.com/h-sc/ui?s=$NAHL&p=D&b=4&g=0&id=p22957433685

Monetary Conditions

Note: The following charts are updated once every month. The chart was last updated on Nov 30, 2011.

Industry Rotation

Color legend:

  • BLUE: 1 year leader and 1 month leader,
  • LIGHT BLUE: 1 year leader,
  • LIGHT GREEN: 1 month leader,
  • RED: 1 year laggard and 1 month laggard,
  • MAGENTA: 1 year laggard,
  • ORANGE: 1 month laggard.

Earnings Cycle

Click on the Chart itself to see the bigger version.


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