Welcome to Objectively Defined Non-Ambiguous Market Timing Analysis.
Market Timing Direction: BEARISH since Feb 21 Close. See complete track record of the market timing performance.
|Market Breadth Pattern||Bearish||On Friday, market breadth was neutral. The system maintains its bearish position.
The prevailing market state is a Neutral market.
In the short term, the market is neither overbought nor oversold.
As a guide, during bearish period, increase Short exposure during short term Overbought condition, reduce Short exposure during short-term Oversold condition, and maintain normal exposure otherwise.
|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.|
|Range Expansion||Not Favorable||Range expansion to the Long side is currently NOT favorable.
Note: Any change from previous day summary is highlighted in blue.
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 Aug 8, 2012.
- BLUE: 1 month leader and 1 week leader,
- LIGHT BLUE: 1 month leader,
- LIGHT GREEN: 1 week leader,
- RED: 1 month laggard and 1 week laggard,
- MAGENTA: 1 month laggard,
- ORANGE: 1 week laggard.