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.
|Market Breadth Pattern||Bullish||It was second day in a row where the market closed negative but breadth number is positive. As of now, there is still not enough evidence that the up trend has reversed. 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.
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
Note: The following charts are updated once every month. The chart was last updated on Nov 30, 2011.
- 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.