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.
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.
Discussion
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