Welcome to Objectively Defined Non-Ambiguous Market Timing Analysis.
Market Timing Direction: NEUTRAL since May 23 Close. See complete track record of the market timing performance.
|Market Breadth Pattern||Neutral||On Wednesday, breadth numbers were moderately positive after late day reversal. SPX is having trouble breaking below support level at around 1,300. A signal to exit short exposure is generated.
The market is now in a Weak market state.
|Primary Breadth Trend||Bearish||The primary market breadth is now in bearish territory. Intermediate trend is therefore down.|
|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.|
|Range Expansion||Not Favorable||The window of opportunity for favorable range expansion setup to the Long side for swing trading horizon has now closed.|
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 Mar 23, 2012.
- 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.