Daily Market Analysis

Daily Market Analysis for 10 Apr 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 Market breadth was significantly negative on Tuesday, the most negative in 2012. This is the first sustained selling we have seen this year. Another round of selling will change our system to the bearish camp. However, as of now, we 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 is currently stable at elevated level. The Interest Rate Pump factor has also stabilized at elevated level. The monetary policy is thus still extra easy. We thus maintain long term bullish outlook.

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 Mar 23, 2012.

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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