February Quick-term and Short-term Indicant Updates

Feb 26, 2010 Indicant Daily Stock Market Report

Volume 02, Issue 19 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Short-term Indicant Stock Market Report - Summary

The March/April 2009 Near-term Bull expired on Feb 4, 2010 even though most of the ETF’s received sell signals in the prior week. That Near-term Bull was a thoroughbred in terms of its performance. It is still kicking after expiration, but the bear dampened bullish enthusiasm last Tuesday and did so again last Thursday. There was again significant intraday volatility on Friday. These intraday swings have been bearish with late day bullish rallies. All of this has been on relatively mild volume, suggesting a few folks are influencing more so than natural market forces. In the end, though, nature wins.

Convergence sometimes brings on volatility before configuring with vigorous shifts to a sustainable cycle of directional intensity. Significant intraday volatility this past week favored the bear, although closing prices blind many.

Pressure is challenging the bear’s ambition, but that threat should subside in a few days. IF not, the Near-term Indicant will correct its error quickly.

Until contact with the QTI bearish yellow curve, the Near-term Bear, if it indeed manifests, could be a mild one. Severe bearish depth should not be considered until the Quick-term Indicant signals sell/bear. That will not occur until prices interact with bearish yellow curve.

Near-term, Quick-term, Short-term Indicant Stock Market Details

The Near-term Indicant signaled no new bulls and no new bears.

The lone NTI Bull is the VIX. It is down 17.2% since the Near-term Indicant signaled bull 4.1-weeks ago, annualizing at -17.2%. On contrarian days (E.g., bullish bounces), one should consider VIX calls or broad index put options. You will notice its Force Vector starting to rise. If this does not stimulate VIX bullishness, the stock market bull will be inspired to resume dominance.

VIX endured a 10% price swing on Thursday’s intraday volatility. It was not contrarian as it endured a bearish conclusion along with the stock market. Its Force Vector and price position on NTI Green is a bullish configuration for the VIX and bearish for stock market. As previously stated, convergence is encouraging significant volatility, which is common following the expiration of a thoroughbred Near-term Bull.

In spite of the VIX’s collapsing NTI Blue curve today, it remains bullishly configured. That should inspire the VIX bull to make a loud statement early next week, which suggests overall stock market bearishness.

The Near-term Indicant is signaling bear for eleven major indices. They are up by an average of 3.1% since their bear signals an average of 3.8-weeks ago.

The Quick-term Indicant signaled no new bulls and no new bears.

The Quick-term Indicant is signaling bull for 11-major indices, including contrarian VIX. They are up by an average of 16.9%, annualizing at 25.7%, since their bull signals an average of 34.2-weeks ago. The Quick-term Indicant will signal bear if and when the indices fall below their respective bearish yellow curves. It has not signaled bear for the VIX, even though qualified by virtue of VIX price less than Yellow. The rising Force Vector, bullishly positioned Vector Pressure, and its nestling behavior on NTI Green is combinatorial bullish for VIX. Its NTI Blue curve collapsing this Friday adds some punch to that claim.

The Quick-term Indicant signaled bear on Feb 8, 2010 for the Dow Utilities. It fell below bearish yellow. This was the first major index to fall below yellow in nearly a year. It is vacillating now, which is common around bearish yellow.

The DJU is up 0.5% since the QTI signaled bear 2.6-weeks ago. Continuing weakness in Utilities suggests recent bullishness is without required sectored density for sustainability purposes on a Quick-term basis. Conversely, such sectored density remains absent for dynamic bearishness as well. Keep in mind, the Near-term Indicant attributes remain biased in favor of the bear.

As stated the past several days, the overall stock market is configured with increased potential for sustainable bearishness on a near-term horizon. The recent near-term bull was a thoroughbred and continues kicking even though it has expired. Bearish yellow can act as a buffer and if the VIX bull does not dominate, this could evolve into a harmless meandering bear. Volume related attributes suggest otherwise, though.

-Short-term Trend Sensitive Attributes (Includes Near-term and Quick-term)

Quick-term Attributes (This is a longer cycle than Near-term cycles)

QTI-Red Bull Count; Five non-contrarian; limited bullish support while protecting against dynamic and long lasting bearish behavior.

QTI-Bullish Red Curve Trend; Only seven non-contrarians; down from 10, twelve trading days ago.

QTI-Bearish Yellow Curve Trend; Non-bearish majority with 10 of 11-non-contrarian indices in non-bearish trend, supporting non-bearish bias along this slower cycle.

QIT-Yellow Bear Count; One of the non-contrarian’s is now inflicted with this attribute; the DJU. Bearish bias on the slower moving QTI is still lacking a thorough enough commitment to feed the bear’s hunger. Longer-term holders should focus on this attribute; especially if you enjoy the fundamentals of your holdings and have accumulated significant gains.

Near-term Attributes (This is a shorter cycle than the Quick-term cycles)

NTI-Blue Bull Count; Ten non-contrarian; configured as a bullish spurt in face of Near-term bear. However, this is threatening to bearish ambition on a near-term basis.

NTI-Bullish Blue Curve Trend; Ten non-contrarian; increasing bullish support, but remains configured as a bullish spurt in the face of a Near-term bear.

NTI-Bearish Green Curve Trend; Zero non-contrarian; positive bearish support; definitely non-bullish.

As you can see, the Near-term attributes are suggesting conflicting bias, but overall, the bear has an edge.

Short-term Force Vectors and Pressure Attributes

STI-Force Vector Position; Two in bullish domain; decreasing bullish support. New bearish cycle is now underway. Some started their descent the past few days; more joined bearish direction on Thursday. At best, this is a non-bullish configuration, and their lack of sharpness in the early stages of declining is a bit alarming to the near-term bear.

STI-Vector Pressure Trend; None of the non-contrarians are moving bullishly, but lending to non-bearishness due to increasing maturity of the cycle.

STI-Vector Pressure Position; Most major indices are enduring negative (bearish) pressure. The mid-caps and small-caps lost positive bullish pressure on Feb 11, 2010. The S&P400 re-developed positive pressure last Friday, introducing a serious challenge to the bear. The S&P600, NASDAQ, and NAS100 index did the same last Monday. As stated last Monday, configurations suggested the bear should be offended. The bear responded loudly last Tuesday and during most of the day last Thursday. As previously stated, do not be surprised at increased volatility and side your decisions with the bear.

Short-term Market Summary

The Near-term Indicant is bearishly biased while the Quick-term Indicant offers potential resistance to the bear. Some of that resistance was lost with the Dow Utilities succumbing to bearish influences on Jan 29, 2010. However, there remains some potential resistance to bearish ambition with only one Yellow Bear. The Near-term bear signals are taking it on the chin by the bullish spurt, but remain committed to signaling bear.

-Tangential Protection – There are none. The last three evaporated on Thursday, Feb 4, 2010. This has facilitated more freedom for the bear to roam.

-Political Climate – Increasing discourse between the two Congressional parties and the executive branch of the U.S. Government is strategically bullish. The president met with congressional republicans last Thursday. So far it appears that accomplished little; that is bullish. Large legislative volumes is typically bearish, unless they rewrite the tax code to a flat tax rate, say 10%. It will be bearish if political cronyism style backslapping ensues. If they continue bickering with little accomplished, the long-term view should be bullish. A new political influence is burgeoning in China, though, where one party remains dominant, which is generally bearish. Also, the fundamental gap between wealth creation and socialistic causes should prompt the bear to display its glory before this year completes.

-Reverse Tangential Bearish Detection - The March/April 2009 Near-term Bull expired Feb 4, 2010, giving birth to a new Near-term Bear. This suggests a focus on this tangential phenomenon. The timing is unknown, but there is 100% confidence the major indices and ETF’s will eventually fall to those prices noted in the below link. Keep in mind, this may not occur on the current stock market near-term bear cycle, but there is some future point where the major indices and noted ETF’s will be below those noted values.

The Quick-term bearish yellow curve stands between the above claim and prevailing prices. If prices fall below this bearish yellow curve, the probability of tangential bearishness on this cycle will be high. The Dow Utilities moved toward supporting this phenomenon a few days ago. Recent bullish bounces did nothing to challenge this theme.

Click this sentence to the table, highlighting RTP’s (Reverse Tangential Projections). The values and magnitudes are expressed in the table on the website. Keep in mind there is 100% confidence in these bearish projections. The problem is not knowing when, but odds favor before the first half of this year (2010). Much of this depends on political influences. There will be some unfavorable influences. There always is. The question is, when? As long as the aforementioned attributes are suggesting bullishness and non-bearishness, the Mid-term bull will continue dominance. That dominance is now being challenged by the Near-term bear, but has not yet cascaded into a complete Short-term bear market.

Click the Short-term Indicant to see the combined table of the Near-term Indicant, Quick-term, and Short-term Indicant. The table has links to charts for each. Each chart contains all three models and there are two separate buy and sell signals for the Near-term and/or Quick-term Indicant.

The tour is still being developed, but most of you are now familiar with the Near-term bull/bear cycles as well as the tangential protections and reverse tangential bearish detectors.

Indicant Volume Indicators

The NYSE and NASDAQ indicators configured with robustness during previous bearish aggression, supporting the near-term bear cycle. Lethargy configured with the recent bullish spurt. That is non-bullish and a common attribute associated with bullish spurts in the face of the underlying bearish cycle. Overall, volume supports bearish bias. (Recent chronological observations are expressed below in reverse order).

Feb 26, 2010-Fri-Light volume and meandering stock market behavior suggests bias is unchanged and thus supportive of a near-term bear cycle.

Feb 25, 2010-Thu-Intraday behavior interesting; it always is, but absent of correlative conclusion. Configurations remain supportive of bear.

Feb 24, 2010-Wed-Volume non-descript, but cyclical configurations continue with support of the bear.

Feb 23, 2010-Tue-Volume added to its support of bearish bias on today’s aggressive behavior by the bear.

Feb 22, 2010-Mon-Volume remains non-descriptive on mild bearish behavior and thus no new volume bias.

Feb 19, 2010-Fri-Volume was again non-descriptive on potential shifts in bias. Therefore, near-term bearish bias continues.

Short-term ETF Report Card, Status, and Charts

The Near-term Indicant generated no buy signals and no sell signals.

The Near-term Indicant is signaling hold for five ETF’s, including contrarian QID and TLT. They are up by an average of 8.9%, annualizing at 24.3%, since their buy signals an average of 19.1-weeks ago.

The NTI is avoiding 26-ETF’s. They are up by an average of 3.6% since their sell signals an average of 3.7-weeks ago.

The Quick-term Indicant generated no buy signals and no sell signals.

The Quick-term Indicant is signaling hold for 30-ETF’s. They are up an average of 24.8% since their buy signals an average of 37.2-weeks ago. Those with hold signals are annualizing at 34.7%.

The lone avoided ETF, QID, is down 57.0% since its sell signal 48.1-weeks ago.

Near-term Indicant ETF Key Attributes

NTI Blue Bulls Count; there are twenty-two; improving bullish support, but temporary.

NTI Blue Curve Trend; 30-contrarians are sloping north; improved, but temporary, bullish support.

NTI Green Curve Trend; Only one sloping north with complete non-bullish support. This is encouraging domination by the short-term stock market bear. The embattled bear remains with substantial ambition.

Quick-term Indicant ETF Key Attributes

QTI Red Bull Count; Fourteen non-contrarian, limited bullish support, but protective against dynamic bearish expressions.

QTI Bullish Red Curve Trend; majority of 17-sloping north in support of Quick-term Bull, but under bear threat due to the declining population of Red Bulls. Lost several the past few days.

QTI Yellow Bear Count; zero non-contrarian represents a solid majority supporting Quick-term non-bearishness. (This is a potential source of resistance to bearish aggression).

QTI Bearish Yellow Curve Trend; 29-sloping north, highlighting non-bearishness along a slower moving plane.

The Short-term Indicant ETF Key Attributes:

Vector Pressure Bullish Domain Occupancy; a majority of twenty-one non-contrarians in bullish domains. This is now threatening the bear. Many have now endured bearish convergence and now attempting bullish convergence. Current configurations suggest this recently converged behavior will be inspirational to the bear. Recent bullish resistance will eventually exhaust itself from the inevitable, but this turbulence is adding to volatile behavior.

Pressure Slope Relative to Vector Pressure: 19-non-contrarian in bullish position, threatening the bear.

Vector Pressure Trend; thirty with limited bearish support at this time, but configured as a temporary condition.

Short-term Summary: Volume continues suggesting support for the bear and limited substantive support for the bull. Vacillating volume should contribute to volatility, as some directional pressure has shifted back into support of the bull. The NTI-Bearish Green Curve is sloping to the south, which is bearish, and more influential at this point than the indecisive Vector Pressure. In essence, this remains configured as a bullish spurt in the face of a near-term bear. Vector Pressure is directionally supporting the bear, but a few are holding in bullish domains and thus preventing some sell signals. Fundamentals are setting up to support bear and technical configurations are acquiescing to those fundamental demands.

Contrarian Funds

ETF#03-Natural Resources is up 3.0% since the Near-term Indicant signaled sell on Jan 29, 2010. The Quick-term Indicant continues signaling hold. It is up 9.2% since the buy signal on August 3, 2009, annualizing at 16.0%. The Quick-term Indicant will signal sell only after the price drops below QTI Yellow Curve with assistance from other attributes.

ETF#11-Gold and Precious Metals is up 35.7% since the QTI signaled buy on December 11, 2008. Annualized growth is at 29.1%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $98.58 and still rising.

The Near-term Indicant signaled sell on Feb 4, 2010. It is up 4.8% since then. Negative pressure is preventing a new buy signal. GLD’s bearish attributes are weakening, suggesting any added bearish pressure will be mild.

Click this sentence for additional charting and current forecasting of the actual price of gold.

As stated for the last several months, gold remains fundamentally sound for long-term holding and a technical measure of authenticity in that assessment is in its bearish yellow curve. If it crosses below bearish yellow, you will not want to be holding. The Quick-term Indicant will highlight that potential when this occurs. A strengthening dollar is somewhat of an evolving threat to gold, but again, continue holding until the price interacts with the bearish yellow curve.

ETF#14-TLT-Long Government received a buy signal from both the Near-term and Quick-term Indicant on Feb 8, 2010. It is down 0.5% since then. Last Monday’s anticipated sell signal was deferred, pending the execution of the then anticipated VIX bullish bounce. TLT enjoyed a bullish bounce along with the VIX last Tuesday. Both conformed to contrarian expectations and standards this past Tuesday.

TLT, though, remains precariously close to receiving a sell signal. Its pressure is drifting to the south inside bearish domains. Its contrarian nature is a partial justification for the continuing hold signal.

The Near-term Indicant signaled buy for ETF#31-QID on Feb 4, 2010. It is down 9.7% since that buy signal. It’s NTI Green is now moving to the north. Pressure has fallen into bearish domains, threatening the viability of this hold signal. If NTI shifts back to the south, there will be a humbling sell signal. These conflicts should be clarified in the next few days.

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 57.0% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $24.94 and still falling.

Major ETF Events

Feb 26, 2010-Fri-VIX NTI Bullish Blue curve collapsed today. This did not disrupt its rising NTI Green curve. Its Pressure remains in bullish domains. Collapsed blue with positive pressure typically invokes a bullish bounce. There will be one, but if not dynamic, the VIX bull signal will be reversed to bear.

Feb 25, 2010-Thu-Significant intraday volatility should not be surprising. Convergence patterns are attempting to redeploy in support of the bull absent of fundamental reasons to do so.

Feb 24, 2010-Wed-TLT is anemic, but held minor bullish support without contrarian behavior. It moved north on stock market bullishness, but its anemia maybe too severe for the Treasury bull to overcome.

Feb 23, 2010-Tue-VIX and TLT performed beautifully with today’s stock market bear. They conformed to expectations and contrarian standards on bearish aggression.

Feb 22, 2010-Mon-Vector Pressure shifted back into bullish domains for several ETF’s and major indices. However, many still remain in bearish domains. Underlying turbulence is common during convergence patterns. Limited volatility is surprising.

Feb 19, 2010-Fri-S&P400 pressure crossed back into bullish domains, challenging the Near-term Indicant’s bearish bias theme. Options expiration week, as expected, punished those that shorted the market.

Current Strategy-Short-term Indicant- Feb 26, 2010-Fri-Although the Near-term Bear has been puny, there is little support for significant bullishness. This bear could meander for a period. Volume relationships seldom lie and so far, volume remains steadfast it support of the Near-term Bear signal. At best, the market can meander. There is little support for it to resume bullishness at this time. Feb 25, 2010-Thu-There is no change; expect additional volatility before the prior bull’s residue is completely extinguished. Feb 24, 2010-Wed-There is no change. Feb 22, 2010-Mon-The bull and bear continue to battle. The bear has a near-term edge, but thoroughbred bulls, like the last one, continue kicking after expiration. That bull’s offspring could be looming, but so far, the bear has tired of dormancy.

Click Quick-term Indicant, Near-term, and Short-term for all 31-ETF’s.

Other links:

Short-term Indicant for DJIA and NASDAQ

Short-term Indicant Tables for the Dow Jones Industrial Average Index

Short-term Indicant Table for the NASDAQ Composite Index

Indicant Volume Indicator

Near-term, Quick-term, and Short-term Indicant for Major Indices

Happy Investing,

Indicant.Net

www.indicant.net

02/26/10

Feb 25, 2010 Indicant Daily Stock Market Report

Volume 02, Issue 18 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Short-term Indicant Stock Market Report - Summary

The March/April 2009 Near-term Bull expired on Feb 4, 2010 even though most of the ETF’s received sell signals in the prior week. That Near-term Bull was a thoroughbred in terms of its performance. It is still kicking after expiration, but the bear dampened bullish enthusiasm last Tuesday and did so again today. Convergence sometimes brings on volatility before configuring with vigorous shifts to a sustainable cycle of directional intensity. There was significant intraday volatility today.

Pressure is challenging the bear’s ambition, but that threat should subside in a few days.

Near-term, Quick-term, Short-term Indicant Stock Market Details

The Near-term Indicant signaled no new bulls and no new bears.

The lone NTI Bull is the VIX. It is down 14.3% since the Near-term Indicant signaled bull 4.0-weeks ago, annualizing at -14.3%. On contrarian days (E.g., bullish bounces), one should consider VIX calls or broad index put options. You will notice its Force Vector starting to rise. If this does not stimulate VIX bullishness, the stock market bull will be inspired to resume dominance.

VIX endured a 10% price swing on today’s intraday volatility. By the end of the day, it was not contrarian as it endured a bearish conclusion along with the stock market. Its Force Vector and price position on NTI Green is a bullish configuration for the VIX and bearish for stock market. As previously stated, convergence is encouraging significant volatility, which is common following the expiration of a thoroughbred Near-term Bull.

The Near-term Indicant is signaling bear for eleven major indices. They are up by an average of 3.0% since their bear signals an average of 3.6-weeks ago.

The Quick-term Indicant signaled no new bulls and no new bears.

The Quick-term Indicant is signaling bull for 11-major indices, including contrarian VIX. They are up by an average of 16.9%, annualizing at 25.9%, since their bull signals an average of 34.0-weeks ago. The Quick-term Indicant will signal bear if and when the indices fall below their respective bearish yellow curves. It has not signaled bear for the VIX, even though qualified by virtue of VIX price less than Yellow. The rising Force Vector, bullishly positioned Vector Pressure, and its nestling behavior on NTI Green is combinatorial bullish for VIX.

The DJU is up 1.1% since the QTI signaled bear 2.4-weeks ago. Continuing weakness in Utilities suggests recent bullishness is without required sectored density for sustainability purposes on a Quick-term basis. Conversely, such sectored density remains absent for dynamic bearishness as well. Keep in mind, the Near-term Indicant attributes remain biased in favor of the bear.

-Short-term Trend Sensitive Attributes (Includes Near-term and Quick-term)

Quick-term Attributes (This is a longer cycle than Near-term cycles)

QTI-Red Bull Count; Four non-contrarian; limited bullish support while protecting against dynamic and long lasting bearish behavior.

QTI-Bullish Red Curve Trend; Only seven non-contrarians; down from 10, eleven trading days ago.

QTI-Bearish Yellow Curve Trend; Non-bearish majority with 10 of 11-non-contrarian indices in non-bearish trend, supporting non-bearish bias along this slower cycle.

Near-term Attributes (This is a shorter cycle than the Quick-term cycles)

NTI-Blue Bull Count; Ten non-contrarian; configured as a bullish spurt in face of Near-term bear. However, this is threatening to bearish ambition on a near-term basis.

NTI-Bullish Blue Curve Trend; Eleven non-contrarian; increasing bullish support, but remains configured as a bullish spurt in the face of a Near-term bear.

NTI-Bearish Green Curve Trend; Zero non-contrarian; positive bearish support.

As you can see, the Near-term attributes are suggesting conflicting bias, but overall, the bear has an edge.

Short-term Force Vectors and Pressure Attributes

STI-Force Vector Position; Five in bullish domain; decreasing bullish support. New bearish cycle is now underway. Some started their descent the past few days; more joined bearish direction today. At best, this is a non-bullish configuration.

STI-Vector Pressure Trend; None of the non-contrarians are moving bullishly, but lending to non-bearishness due to increasing maturity of the cycle.

STI-Vector Pressure Position; Most major indices are enduring negative (bearish) pressure. The mid-caps and small-caps lost positive bullish pressure on Feb 11, 2010. The S&P400 re-developed positive pressure last Friday, introducing a serious challenge to the bear. The S&P600, NASDAQ, and NAS100 index did the same last Monday. As stated last Monday, configurations suggested the bear should be offended. The bear responded Tuesday and most of today’s behavior was aggressively bearish. As previously stated, do not be surprised at increased volatility and side your decisions with the bear.

Short-term Market Summary

-Tangential Protection – There are none. The last three evaporated on Thursday, Feb 4, 2010. This has facilitated more freedom for the bear to roam.

-Political Climate – Increasing discourse between the two Congressional parties and the executive branch of the U.S. Government is strategically bullish. The president met with congressional republicans today. It will be bearish if backslapping ensues. If they continue bickering with little accomplished, the long-term view should be bullish. A new political influence is burgeoning in China, though, where one party remains dominant, which is generally bearish. Also, the fundamental gap between wealth creation and socialistic causes should prompt the bear to display its glory before this year completes.

The tour is still being developed, but most of you are now familiar with the Near-term bull/bear cycles as well as the tangential protections and reverse tangential bearish detectors.

Indicant Volume Indicators

The NYSE and NASDAQ indicators configured with robustness during previous bearish aggression, supporting the near-term bear cycle. Lethargy configured with the recent bullish spurt. Overall, volume supports bearish bias. (Recent chronological observations are expressed below in reverse order).

Feb 25, 2010-Thu-Intraday behavior interesting; it always is, but absent of correlative conclusion. Configurations remain supportive of bear.

Feb 24, 2010-Wed-Volume non-descript, but cyclical configurations continue with support of the bear.

Feb 23, 2010-Tue-Volume added to its support of bearish bias on today’s aggressive behavior by the bear.

Feb 22, 2010-Mon-Volume remains non-descriptive on mild bearish behavior and thus no new volume bias.

Feb 19, 2010-Fri-Volume was again non-descriptive on potential shifts in bias. Therefore, near-term bearish bias continues.

Short-term ETF Report Card, Status, and Charts

The Near-term Indicant generated no buy signals and no sell signals.

The Near-term Indicant is signaling hold for five ETF’s, including contrarian QID and TLT. They are up by an average of 8.9%, annualizing at 24.5%, since their buy signals an average of 18.9-weeks ago.

The NTI is avoiding 26-ETF’s. They are up by an average of 3.4% since their sell signals an average of 3.6-weeks ago.

The Quick-term Indicant generated no buy signals and no sell signals.

The Quick-term Indicant is signaling hold for 30-ETF’s. They are up an average of 24.6% since their buy signals an average of 37.0-weeks ago. Those with hold signals are annualizing at 34.5%.

The lone avoided ETF, QID, is down 56.7% since its sell signal 48.0-weeks ago.

Near-term Indicant ETF Key Attributes

NTI Blue Bulls Count; there are twenty-two; improving bullish support, but temporary.

NTI Blue Curve Trend; 29-contrarians are sloping north; improved, but temporary, bullish support.

Quick-term Indicant ETF Key Attributes

QTI Red Bull Count; Thirteen non-contrarian, limited bullish support.

QTI Bullish Red Curve Trend; majority of 17-sloping north in support of Quick-term Bull, but under bear threat due to the declining population of Red Bulls. Lost several the past few days.

QTI Yellow Bear Count; zero non-contrarian represents a solid majority supporting Quick-term non-bearishness. (This is a potential source of resistance to bearish aggression).

QTI Bearish Yellow Curve Trend; 29-sloping north, highlighting non-bearishness along a slower moving plane.

The Short-term Indicant ETF Key Attributes:

Pressure Slope Relative to Vector Pressure: 18-non-contrarian in bullish position, threatening the bear.

Vector Pressure Trend; twenty-eight with limited bearish support at this time, but configured as a temporary condition.

Short-term Summary: Volume continues suggesting support for the bear and limited substantive support for the bull. Vacillating volume should contribute to volatility, as some directional pressure has shifted back into support for the bull. The NTI-Bearish Green Curve is sloping to the south, which is bearish, and more influential at this point than the indecisive Vector Pressure. In essence, this remains configured as a bullish spurt in the face of a near-term bear. Vector Pressure is directionally supporting the bear, but a few are holding in bullish domains and thus preventing some sell signals. Fundamentals are setting up to support bear and technical configurations are acquiescing to those fundamental demands.

Contrarian Funds

ETF#03-Natural Resources is up 2.8% since the Near-term Indicant signaled sell on Jan 29, 2010. The Quick-term Indicant continues signaling hold. It is up 8.9% since the buy signal on August 3, 2009, annualizing at 15.6%. The Quick-term Indicant will signal sell only after the price drops below QTI Yellow Curve with assistance from other attributes.

ETF#11-Gold and Precious Metals is up 34.3% since the QTI signaled buy on December 11, 2008. Annualized growth is at 28.0%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $98.53 and still rising.

The Near-term Indicant signaled sell on Feb 4, 2010. It is up 3.8% since then. Negative pressure is preventing a new buy signal. GLD’s bearish attributes are weakening, suggesting any added bearish pressure will be mild.

Click this sentence for additional charting and current forecasting of the actual price of gold.

ETF#14-TLT-Long Government received a buy signal from both the Near-term and Quick-term Indicant on Feb 8, 2010. It is down 1.0% since then. Last Monday’s anticipated sell signal was deferred, pending the execution of the then anticipated VIX bullish bounce. TLT enjoyed a bullish bounce along with the VIX on Tuesday. Both conformed to contrarian expectations and standards this past Tuesday. TLT was mildly contrarian on today’s bearishness, contrasting with yesterday’s performance.

The Near-term Indicant signaled buy for ETF#31-QID on Feb 4, 2010. It is down 9.1% since that buy signal. It’s NTI Green is now moving to the north. Pressure has fallen into bearish domains, threatening the viability of this hold signal. If NTI shifts back to the south, there will be a humbling sell signal. These conflicts should be clarified in the next few days.

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 56.7% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $25.00 and still falling.

Major ETF Events

Feb 25, 2010-Thu-Significant intraday volatility should not be surprising. Convergence patterns are attempting to redeploy in support of the bull absent of fundamental reasons to do so.

Feb 23, 2010-Tue-VIX and TLT performed beautifully with today’s stock market bear. They conformed to expectations and contrarian standards on bearish aggression.

Current Strategy-Short-term Indicant- Feb 25, 2010-Thu-There is no change; expect additional volatility before the prior bull’s residue is completely extinguished. Feb 24, 2010-Wed-There is no change. Feb 22, 2010-Mon-The bull and bear continue to battle. The bear has a near-term edge, but thoroughbred bulls, like the last one, continue kicking after expiration. That bull’s offspring could be looming, but so far, the bear has tired of dormancy.

Click Quick-term Indicant, Near-term, and Short-term for all 31-ETF’s.

Other links:

Short-term Indicant for DJIA and NASDAQ

Short-term Indicant Tables for the Dow Jones Industrial Average Index

Short-term Indicant Table for the NASDAQ Composite Index

Indicant Volume Indicator

Near-term, Quick-term, and Short-term Indicant for Major Indices

Happy Investing,

Indicant.Net

www.indicant.net

02/25/10

Feb 24, 2010 Indicant Daily Stock Market Report

Volume 02, Issue 17 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Today's Report

Short-term Indicant Stock Market Report - Summary

The March/April 2009 Near-term Bull expired on Feb 4, 2010 even though most of the ETF’s received sell signals in the prior week. That Near-term Bull was a thoroughbred in terms of its performance. It is still kicking after expiration, but the bear dampened bullish enthusiasm yesterday. Today, the bull countered. Convergence sometimes brings on volatility before configuring with vigorous shifts to a sustainable cycle of directional intensity.

Near-term, Quick-term, Short-term Indicant Stock Market Details

The Near-term Indicant signaled no new bulls and no new bears.

The lone NTI Bull is the VIX. It is down 14.5% since the Near-term Indicant signaled bull 3.9-weeks ago, annualizing at -14.5%. On contrarian days (E.g., bullish bounces), one should consider VIX calls or broad index put options. You will notice its Force Vector starting to rise. If this does not stimulate VIX bullishness, the stock market bull will be inspired to resume dominance.

The Near-term Indicant is signaling bear for eleven major indices. They are up by an average of 3.2% since their bear signals an average of 3.5-weeks ago.

The Quick-term Indicant signaled no new bulls and no new bears.

The Quick-term Indicant is signaling bull for 11-major indices, including contrarian VIX. They are up by an average of 17.0%, annualizing at 26.2%, since their bull signals an average of 33.9-weeks ago. The Quick-term Indicant will signal bear if and when the indices fall below their respective bearish yellow curves.

The DJU is up 1.7% since the QTI signaled bear 2.3-weeks ago. Continuing weakness in Utilities suggests recent bullishness is without required sectored density for sustainability purposes on a Quick-term basis.

-Short-term Trend Sensitive Attributes (Includes Near-term and Quick-term)

Quick-term Attributes (This is a longer cycle than Near-term cycles)

QTI-Red Bull Count; Five non-contrarian; limited bullish support and protecting against dynamic and long lasting bearish behavior.

QTI-Bullish Red Curve Trend; Only six non-contrarians; down from 11, ten trading days ago.

QTI-Bearish Yellow Curve Trend; Non-bearish majority with 10 of 11-non-contrarian indices in non-bearish trend, supporting non-bearish bias along this slower cycle.

Near-term Attributes (This is a shorter cycle than the Quick-term cycles)

NTI-Blue Bull Count; Nine non-contrarian; configured as a bullish spurt in face of Near-term bear.

NTI-Bullish Blue Curve Trend; Eleven non-contrarian; increasing bullish support.

NTI-Bearish Green Curve Trend; Zero non-contrarian; positive bearish support.

As you can see, the Near-term attributes are suggesting conflicting bias, but overall the bear has an edge.

Short-term Force Vectors and Pressure Attributes

STI-Force Vector Position; Eleven in bullish domain; increasing bullish support, but cycle is mature and should start declining. Some started their descent the past few days. At best, this is a non-bullish configuration.

STI-Vector Pressure Trend; Eleven moving bullishly, but lending to non-bearishness due to increasing maturity of the cycle.

STI-Vector Pressure Position; Most major indices are enduring negative (bearish) pressure. The mid-caps and small-caps lost positive bullish pressure on Feb 11, 2010. The S&P400 re-developed positive pressure last Friday, introducing a serious challenge to the bear. The S&P600, NASDAQ, and NAS100 index did the same last Monday. As stated last Monday, configurations suggested the bear should be offended. The bear responded yesterday. The bull responded today. As previously stated, do not be surprised at increased volatility and side your decisions with the bear.

Short-term Market Summary

The Near-term Indicant is bearishly biased while the Quick-term Indicant offers potential resistance to the bear. Some of that resistance was lost with the Dow Utilities recently succumbing to bearish influences. However, there remains some potential resistance to bearish ambition with only one Yellow Bear. The Near-term bear signals are taking it on the chin, but remain committed to signaling bear.

-Tangential Protection – There are none. The last three evaporated on Thursday, Feb 4, 2010. This has facilitated more freedom for the bear to roam.

-Political Climate – Increasing discourse between the two Congressional parties and the executive branch of the U.S. Government is strategically bullish. The president will be meeting with congressional republicans in a few days. It will be bearish if backslapping ensues. If they continue bickering with little accomplished, the long-term view should be bullish. A new political influence is burgeoning in China, though, where one party remains dominant, which is generally bearish. Also, the fundamental gap between wealth creation and socialistic causes should prompt the bear to display its glory before this year completes.

The tour is still being developed, but most of you are now familiar with the Near-term bull/bear cycles as well as the tangential protections and reverse tangential bearish detectors.

Indicant Volume Indicators

The NYSE and NASDAQ indicators configured with robustness during previous bearish aggression, supporting the near-term bear cycle. Lethargy configured with the recent bullish cycle, suggesting the bull has few allies to support its ambition. Overall, volume supports bearish bias. (Recent chronological observations are expressed below in reverse order).

Feb 24, 2010-Wed-Volume non-descript, but cyclical configurations continue with support of the bear.

Feb 23, 2010-Tue-Volume added to its support of bearish bias on today’s aggressive behavior by the bear.

Feb 22, 2010-Mon-Volume remains non-descriptive on mild bearish behavior and thus no new volume bias.

Feb 19, 2010-Fri-Volume was again non-descriptive on potential shifts in bias. Therefore, near-term bearish bias continues.

Short-term ETF Report Card, Status, and Charts

The Near-term Indicant generated no buy signals and no sell signals.

The Near-term Indicant is signaling hold for five ETF’s, including contrarian QID and TLT. They are up by an average of 8.7%, annualizing at 24.2%, since their buy signals an average of 18.8-weeks ago.

The NTI is avoiding 26-ETF’s. They are up by an average of 3.6% since their sell signals an average of 3.5-weeks ago.

The Quick-term Indicant generated no buy signals and no sell signals.

The Quick-term Indicant is signaling hold for 30-ETF’s. They are up an average of 24.7% since their buy signals an average of 36.9-weeks ago. Those with hold signals are annualizing at 34.9%.

The lone avoided ETF, QID, is down 56.6% since its sell signal 47.9-weeks ago.

Near-term Indicant ETF Key Attributes

NTI Blue Bulls Count; there are twenty-two; improving bullish support, but temporary.

NTI Blue Curve Trend; 29-contrarians are sloping north; improved, but temporary, bullish support.

NTI Green Curve Trend; Only one sloping north with complete non-bullish support. This is encouraging domination by the short-term stock market bear. Although the bear has been embattled, it remains with substantial ambition.

Quick-term Indicant ETF Key Attributes

QTI Red Bull Count; Thirteen non-contrarian, limited bullish support.

QTI Bullish Red Curve Trend; majority of 18-sloping north in support of Quick-term Bull, but under bear threat due to the declining population of Red Bulls. Lost several the past few days.

QTI Yellow Bear Count; zero non-contrarian represents a solid majority supporting Quick-term non-bearishness. (This is a potential source of resistance to bearish aggression).

QTI Bearish Yellow Curve Trend; 29-sloping north, highlighting non-bearishness along a slower moving plane.

The Short-term Indicant ETF Key Attributes:

Vector Pressure Bullish Domain Occupancy; a weak majority of nineteen non-contrarians in bullish domains, offering decreasing support for the bull. Many have now endured bearish convergence. Current configurations suggest this recently converged behavior will be inspirational to the bear. Recent bullish resistance will eventually exhaust itself from the inevitable.

Pressure Slope Relative to Vector Pressure: 17-non-contrarian in bullish position.

Vector Pressure Trend; twenty-nine with limited bearish support at this time, but configured as a temporary condition.

Short-term Summary: Volume continues suggesting support for the bear and limited substantive support for the bull. Vacillating volume should contribute to volatility, as some directional pressure has shifted back into support for the bull. The NTI-Bearish Green Curve is sloping to the south, which is bearish, and more influential at this point than the indecisive Vector Pressure. In essence, this remains a bullish spurt in the face of a near-term bear. Vector Pressure is directionally supporting the bear, but a few are holding in bullish domains and thus preventing some sell signals. Fundamentals are setting up to support bear and technical configurations are acquiescing to those fundamental demands.

Contrarian Funds

ETF#03-Natural Resources is up 2.7% since the Near-term Indicant signaled sell on Jan 29, 2010. The Quick-term Indicant continues signaling hold. It is up 8.9% since the buy signal on August 3, 2009, annualizing at 15.6%. The Quick-term Indicant will signal sell only after the price drops below QTI Yellow Curve with assistance from other attributes.

ETF#11-Gold and Precious Metals is up 33.1% since the QTI signaled buy on December 11, 2008. Annualized growth is at 27.1%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $98.47 and still rising.

The Near-term Indicant signaled sell on Feb 4, 2010. It is up 2.9% since then. Negative pressure is preventing a new buy signal. GLD’s bearish attributes are weakening, suggesting any added bearish pressure will be mild.

Click this sentence for additional charting and current forecasting of the actual price of gold.

ETF#14-TLT-Long Government received a buy signal from both the Near-term and Quick-term Indicant on Feb 8, 2010. It is down 1.5% since then. Last Monday’s anticipated sell signal was deferred, pending the execution of the then anticipated VIX bullish bounce. TLT enjoyed a bullish bounce along with the VIX on Tuesday. Both conformed to contrarian expectations and standards this past Tuesday. TLT was not contrarian on today’s bullishness.

The Near-term Indicant signaled buy for ETF#31-QID on Feb 4, 2010. It is down 8.9% since that buy signal. It’s NTI Green is now moving to the north. Pressure remains in bullish domains, but barely. Pressure’s direction is again moving to the south, threatening the viability of this hold signal.

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 56.6% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $25.05 and still falling.

Major ETF Events

Feb 23, 2010-Tue-VIX and TLT performed beautifully with today’s stock market bear. They conformed to expectations and contrarian standards on bearish aggression.

Current Strategy-Short-term Indicant- Feb 24, 2010-Wed-Ther is no change. Feb 22, 2010-Mon-The bull and bear continue to battle. The bear has a near-term edge, but thoroughbred bulls, like the last one, continue kicking after expiration. That bull’s offspring could be looming, but so far, the bear has tired of dormancy.

Click Quick-term Indicant, Near-term, and Short-term for all 31-ETF’s.

Other links:

Short-term Indicant for DJIA and NASDAQ

Short-term Indicant Tables for the Dow Jones Industrial Average Index

Short-term Indicant Table for the NASDAQ Composite Index

Indicant Volume Indicator

Near-term, Quick-term, and Short-term Indicant for Major Indices

Happy Investing,

Indicant.Net

www.indicant.net

02/24/10

Feb 23, 2010 Indicant Daily Stock Market Report

Volume 02, Issue 16 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Short-term Indicant Stock Market Report - Summary

Near-term, Quick-term, Short-term Indicant Stock Market Details

The Near-term Indicant signaled no new bulls and no new bears.

The lone NTI Bull is the VIX. It is down 10.0% since the Near-term Indicant signaled bull 3.7-weeks ago, annualizing at -10.0%. As stated yesterday, the VIX enjoyed a nice classical bullish bounce off of its NTI Green curve today. As long as its Vector Pressure remains in bullish domains, it will be bullishly biased. Its bullish bounce today did not shift its declining Force Vector. This attribute, alone, should invite more VIX bullishness and stock market bearishness on the near-term horizon. Although straight line behavior does occur from time to time, do not expect it. On contrarian days (E.g., bullish bounces), one should consider VIX calls or broad index put options.

The Near-term Indicant is signaling bear for eleven major indices. They are up by an average of 2.3% since their bear signals an average of 3.3-weeks ago.

The Quick-term Indicant signaled no new bulls and no new bears.

The Quick-term Indicant is signaling bull for 11-major indices, including contrarian VIX. They are up by an average of 16.4%, annualizing at 25.3%, since their bull signals an average of 33.8-weeks ago. The Quick-term Indicant will signal bear if and when the indices fall below their respective bearish yellow curves.

The DJU is up 1.6% since the QTI signaled bear 2.1-weeks ago. Continuing weakness in Utilities suggests recent bullishness is without required sectored density for sustainability purposes on a Quick-term basis.

As stated the past several days, the overall stock market is configured with increased potential for sustainable bearishness on a near-term horizon. The bull, though, gallantly defended its position until today. The recent near-term bull was a thoroughbred and continues kicking even though it has expired.

-Short-term Trend Sensitive Attributes (Includes Near-term and Quick-term)

Quick-term Attributes (This is a longer cycle than Near-term cycles)

QTI-Red Bull Count; Two non-contrarian; limited bullish support and protecting against dynamic and long lasting bearish behavior. However, only two “protectors” is discerning.

QTI-Bullish Red Curve Trend; Only six non-contrarians; down from 11, nine trading days ago.

QTI-Bearish Yellow Curve Trend; Non-bearish majority with 10 of 11-non-contrarian indices in non-bearish trend, supporting non-bearish bias along this slower cycle.

QIT-Yellow Bear Count; One of the non-contrarian’s was inflicted with this attribute the past few days; the DJU. Bearish bias on the slower moving QTI is still lacking a thorough enough commitment to feed the bear’s hunger. Longer-term holders should focus on this attribute; especially if you enjoy the fundamentals of your holdings and have accumulated significant gains.

Near-term Attributes (This is a shorter cycle than the Quick-term cycles)

NTI-Blue Bull Count; Eight non-contrarian; configured as a bullish spurt in face of Near-term bear.

NTI-Bullish Blue Curve Trend; Eleven non-contrarian; increasing bullish support.

NTI-Bearish Green Curve Trend; Zero non-contrarian; positive bearish support.

As you can see, the Near-term attributes are suggesting conflicting bias, but overall the bear has an edge.

Short-term Force Vectors and Pressure Attributes

STI-Force Vector Position; Eleven in bullish domain; increasing bullish support, but cycle is mature and should start declining. Some started their descent today.

STI-Vector Pressure Trend; Eleven moving bullishly, but lending to non-bearishness due to increasing maturity of the cycle.

STI-Vector Pressure Position; Most major indices are enduring negative (bearish) pressure. The mid-caps and small-caps lost positive bullish pressure on Feb 11, 2010. The S&P400 re-developed positive pressure last Friday, introducing a serious challenge to the bear. The S&P600, NASDAQ, and NAS100 index did the same yesterday. As stated yesterday, configurations suggest the bear should be offended. The bear did not respond with weakness with its aggressive behavior today.

Short-term Market Summary

-Tangential Protection – There are none. The last three evaporated on Thursday, Feb 4, 2010. This has facilitated more freedom for the bear to roam.

-Political Climate – Increasing discourse between the two Congressional parties and the executive branch of the U.S. Government is strategically bullish. The president will be meeting with congressional republicans in a few days. It will be bearish if backslapping ensues. If they continue bickering with little accomplished, the long-term view should be bullish. A new political influence is burgeoning in China, though, where one party remains dominant, which is generally bearish.

The tour is still being developed, but most of you are now familiar with the Near-term bull/bear cycles as well as the tangential protections and reverse tangential bearish detectors.

Indicant Volume Indicators

The NYSE and NASDAQ indicators are configuring with robustness, which supports the near-term bear cycle. However, increasingly light volume may stimulate lethargy. This can influence meandering behavior, while the overall cycle remains in favor of the bear. (Recent chronological observations are expressed below in reverse order).

Feb 23, 2010-Tue-Volume added to its support of bearish bias on today’s aggressive behavior by the bear.

Feb 22, 2010-Mon-Volume remains non-descriptive on mild bearish behavior and thus no new volume bias.

Feb 19, 2010-Fri-Volume was again non-descriptive on potential shifts in bias. Therefore, near-term bearish bias continues.

Short-term ETF Report Card, Status, and Charts

The Near-term Indicant generated no buy signals and no sell signals.

The Near-term Indicant is signaling hold for five ETF’s, including contrarian QID. They are up by an average of 8.4%, annualizing at 23.5%, since their buy signals an average of 18.6-weeks ago.

The NTI is avoiding 26-ETF’s. They are up by an average of 2.8% since their sell signals an average of 3.3-weeks ago.

The Quick-term Indicant generated no buy signals and no sell signals.

The Quick-term Indicant is signaling hold for 30-ETF’s. They are up an average of 23.8% since their buy signals an average of 36.8-weeks ago. Those with hold signals are annualizing at 33.7%.

The lone avoided ETF, QID, is down 55.7% since its sell signal 47.7-weeks ago.

Near-term Indicant ETF Key Attributes

NTI Blue Bulls Count; there are nineteen; declining bullish support.

NTI Blue Curve Trend; 29-contrarians are sloping north; improved, but temporary, bullish support.

NTI Green Curve Trend; Only one sloping north with complete non-bullish support. This is encouraging domination by the short-term stock market bear. The bear has been beat up, though, the past few days but still foraging.

Quick-term Indicant ETF Key Attributes

QTI Red Bull Count; Ten non-contrarian, limited bullish support.

QTI Bullish Red Curve Trend; minority of 16-sloping north in support for Quick-term Bull, but under bear threat due to the declining population of Red Bulls. Lost several the past few days.

QTI Yellow Bear Count; zero non-contrarian represents a solid majority supporting Quick-term non-bearishness. (This is a potential source of resistance to bearish aggression).

QTI Bearish Yellow Curve Trend; 29-sloping north, highlighting non-bearishness along a slower moving plane.

The Short-term Indicant ETF Key Attributes:

Vector Pressure Bullish Domain Occupancy; a weak majority of sixteen non-contrarians in bullish domains, offering decreasing support for the bull. Many have now endured bearish convergence. Current configurations suggest this recently converged behavior will be inspirational to the bear.

Pressure Slope Relative to Vector Pressure: 15-non-contrarian in bullish position.

Vector Pressure Trend; twenty-eight with limited bearish support at this time, but configured as a temporary condition.

Short-term Summary: Volume continues suggesting support for the bear and limited substantive support for the bull. The NTI-Bearish Green Curve is sloping to the south, which is bearish. In essence, this is a bullish spurt in the face of a near-term bear. Vector Pressure is directionally supporting the bear, but a few are holding in bullish domains and thus preventing some sell signals. Fundamentals are setting up to support bear and technical configurations are acquiescing to those fundamental demands.

Contrarian Funds

ETF#03-Natural Resources is up 2.1% since the Near-term Indicant signaled sell on Jan 29, 2010. The Quick-term Indicant continues signaling hold. It is up 8.2% since the buy signal on August 3, 2009, annualizing at 14.5%. The Quick-term Indicant will signal sell only after the price drops below QTI Yellow Curve with assistance from other attributes.

ETF#11-Gold and Precious Metals is up 33.8% since the QTI signaled buy on December 11, 2008. Annualized growth is at 27.7%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $98.42 and still rising.

The Near-term Indicant signaled sell on Feb 4, 2010. It is up 3.4% since then. Negative pressure is preventing a new buy signal. GLD’s bearish attributes are weakening, suggesting any added bearish pressure will be mild.

Click this sentence for additional charting and current forecasting of the actual price of gold.

Also gold has been aggressively advertised the past several months. This invites more participants in owning gold. Such behavior typically invites short-term bearishness.

ETF#14-TLT-Long Government received a buy signal from both the Near-term and Quick-term Indicant on Feb 8, 2010. It is down 1.8% since then. Yesterday’s anticipated sell signal was deferred, pending the execution of the then anticipated VIX bullish bounce. TLT enjoyed a bullish bounce along with the VIX. Both conformed to contrarian expectations and standards today.

The Near-term Indicant signaled buy for ETF#31-QID on Feb 4, 2010. It is down 7.1% since that buy signal. It’s NTI Green is now moving to the north. Pressure remains in bullish domains, but barely. Pressure’s direction is again moving to the south, threatening the viability of this hold signal.

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 55.8% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $25.11 and still falling.

Major ETF Events

Feb 23, 2010-Tue-VIX and TLT performed beautifully with today’s stock market bear. They conformed to expectations and contrarian standards on bearish aggression.

Current Strategy-Short-term Indicant- Feb 22, 2010-Mon-The bull and bear continue to battle. The bear has a near-term edge, but thoroughbred bulls, like the last one, continue kicking after expiration. That bull’s offspring could be looming, but so far, the bear has tired of dormancy.

Click Quick-term Indicant, Near-term, and Short-term for all 31-ETF’s.

Other links:

Short-term Indicant for DJIA and NASDAQ

Short-term Indicant Tables for the Dow Jones Industrial Average Index

Short-term Indicant Table for the NASDAQ Composite Index

Indicant Volume Indicator

Near-term, Quick-term, and Short-term Indicant for Major Indices

Happy Investing,

Indicant.Net

www.indicant.net

02/23/10

Feb 22, 2010 Indicant Daily Stock Market Report

Volume 02, Issue 15 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Short-term Indicant Stock Market Report - Summary

Near-term, Quick-term, Short-term Indicant Stock Market Details

The Near-term Indicant signaled no new bulls and no new bears.

The lone NTI Bull is the VIX. It is down 16.0% since the Near-term Indicant signaled bull 3.6-weeks ago, annualizing at -16.0%. The VIX is setting on a rising NTI Green Curve. Its Vector Pressure is in bullish domains. Its Force Vector is bearishly mature, suggesting a bullish-VIX response is imminent. That would require a solid bearish expression by the overall stock market. Option traders may want to take a look at buying VIX calls. VIX should climb to the QTI bearish yellow curve before the March options expire.

The Near-term Indicant is signaling bear for eleven major indices. They are up by an average of 3.4% since their bear signals an average of 3.2-weeks ago.

The Quick-term Indicant signaled no new bulls and no new bears.

The Quick-term Indicant is signaling bull for 11-major indices, including contrarian VIX. They are up by an average of 17.2%, annualizing at 26.6%, since their bull signals an average of 33.6-weeks ago. The Quick-term Indicant will signal bear if and when the indices fall below their respective bearish yellow curves.

The DJU is up 2.3% since the QTI signaled bear 2.0-weeks ago. Continuing weakness in Utilities suggests recent bullishness is without required sectored density for sustainability purposes on a Quick-term basis.

As stated the past several days, the overall stock market is configured with increased potential for sustainable bearishness on a near-term horizon. The bull, though, is gallantly defending its position.

-Short-term Trend Sensitive Attributes (Includes Near-term and Quick-term)

Quick-term Attributes (This is a longer cycle than Near-term cycles)

QTI-Red Bull Count; Six non-contrarian; limited bullish support and protecting against dynamic and long lasting bearish behavior.

QTI-Bullish Red Curve Trend; Only six non-contrarians; down from 11, nine trading days ago.

QTI-Bearish Yellow Curve Trend; Non-bearish majority with 10 of 11-non-contrarian indices in non-bearish trend, supporting non-bearish bias along this slower cycle.

Near-term Attributes (This is a shorter cycle than the Quick-term cycles)

NTI-Blue Bull Count; Ten non-contrarian; configured as a bullish spurt in face of Near-term bear.

NTI-Bullish Blue Curve Trend; Eleven non-contrarian; increasing bullish support.

NTI-Bearish Green Curve Trend; Zero non-contrarian; positive bearish support.

As you can see, the Near-term attributes are suggesting conflicting bias, but overall the bear has a mild edge.

Short-term Force Vectors and Pressure Attributes

STI-Force Vector Position; Eleven in bullish domain; increasing bullish support, but cycle is mature and should start declining soon.

STI-Vector Pressure Trend; Eleven moving bullishly, but lending to non-bearishness due to increasing maturity of the cycle.

STI-Vector Pressure Position; Most major indices are enduring negative (bearish) pressure. The mid-caps and small-caps lost positive bullish pressure on Feb 11, 2010. The S&P400 developed positive pressure last Friday, introducing a serious challenge to the bear. The S&P600, NASDAQ, and NAS100 index did the same today. Configurations suggest the bear should be offended. A weak response by the bear will suggest the recent Near-term Bear signals were premature.

Short-term Market Summary

-Tangential Protection – There are none. The last three evaporated on Thursday, Feb 4, 2010. This has facilitated more freedom for the bear to roam.

-Political Climate – Increasing discourse between the two Congressional parties and the executive branch of the U.S. Government is strategically bullish. If they continue bickering with little accomplished, the long-term view should be bullish. A new political influence is burgeoning in China, though, where one party remains dominant, which is generally bearish.

The Quick-term bearish yellow curve stands between the above claim and prevailing prices. If prices fall below this bearish yellow curve, the probability of tangential bearishness on this cycle will be high. The Dow Utilities moved toward supporting this phenomenon a few days ago. Today’s bullish bounce did nothing to challenge this theme.

The tour is still being developed, but most of you are now familiar with the Near-term bull/bear cycles as well as the tangential protections and reverse tangential bearish detectors.

Indicant Volume Indicators

Feb 22, 2010-Mon-Volume remains non-descriptive on mild bearish behavior and thus no new volume bias.

Feb 19, 2010-Fri-Volume was again non-descriptive on potential shifts in bias. Therefore, near-term bearish bias continues.

Short-term ETF Report Card, Status, and Charts

The Near-term Indicant generated no buy signals and no sell signals.

The Near-term Indicant is signaling hold for five ETF’s, including contrarian QID. They are up by an average of 8.2%, annualizing at 23.0%, since their buy signals an average of 18.5-weeks ago.

The NTI is avoiding 26-ETF’s. They are up by an average of 4.1% since their sell signals an average of 3.2-weeks ago.

The Quick-term Indicant generated no buy signals and no sell signals.

The Quick-term Indicant is signaling hold for 30-ETF’s. They are up an average of 25.2% since their buy signals an average of 36.6-weeks ago. Those with hold signals are annualizing at 35.8%.

The lone avoided ETF, QID, is down 56.9% since its sell signal 47.6-weeks ago.

Near-term Indicant ETF Key Attributes

NTI Blue Bulls Count; there are twenty-seven, which appears to be a boomerang increase; potential bullish support, but higher probability suggests bearish aggression looms.

NTI Blue Curve Trend; 29-contrarians are sloping north; improved, but temporary, bullish support.

NTI Green Curve Trend; Only one sloping north with declining bullish support. This is encouraging domination by the short-term stock market bear. The bear has been beat up, though, the past several days but still foraging.

Quick-term Indicant ETF Key Attributes

QTI Red Bull Count; Seventeen non-contrarian, limited bullish support.

QTI Bullish Red Curve Trend; minority of 16-sloping north in support for Quick-term Bull, but under bear threat due to the declining population of Red Bulls. Lost several in last few days.

QTI Yellow Bear Count; zero non-contrarian represents a solid majority supporting Quick-term non-bearishness. (This is a potential source of resistance to bearish aggression).

QTI Bearish Yellow Curve Trend; 29-sloping north, highlighting non-bearishness along a slower moving plane.

The Short-term Indicant ETF Key Attributes:

Vector Pressure Bullish Domain Occupancy; a weak majority of seventeen non-contrarians in bullish domains, offering decreasing support for the bull. Many have now endured bearish convergence. Current configurations suggest this recently converged behavior will be inspirational to the bear.

Pressure Slope Relative to Vector Pressure: 15-non-contrarian in bullish position. The previous support for the stock market bear is encountering bullish resistance.

Vector Pressure Trend; twenty-eight with limited bearish support at this time, but configured as a temporary condition.

Short-term Summary: Volume continues suggesting support for the bear and limited substantive support for the bull. The NTI-Bearish Green Curve is sloping to the south, which is bearish. Several bounced above green about one week ago with similar momentum the past three days, but this is analogized to the boomerang effect. In essence, this is a bullish spurt in the face of a near-term bear. Vector Pressure is directionally supporting the bear, but a few are holding in bullish domains and thus preventing some sell signals. Fundamentals are setting up to support bear and technical configurations are acquiescing to those fundamental demands.

Contrarian Funds

ETF#03-Natural Resources is up 3.8% since the Near-term Indicant signaled sell on Jan 29, 2010. The Quick-term Indicant continues signaling hold. It is up 10.0% since the buy signal on August 3, 2009, annualizing at 17.8%. The Quick-term Indicant will signal sell only after the price drops below QTI Yellow Curve with assistance from other attributes.

ETF#11-Gold and Precious Metals is up 35.2% since the QTI signaled buy on December 11, 2008. Annualized growth is at 29.0%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $98.36 and still rising.

The Near-term Indicant signaled sell on Feb 4, 2010. It is up 4.5% since then. Negative pressure is preventing a new buy signal.

Click this sentence for additional charting and current forecasting of the actual price of gold.

Also gold has been aggressively advertised the past several months. This invites more participants in owning gold. Such behavior typically invites short-term bearishness.

ETF#14-TLT-Long Government received a buy signal from both the Near-term and Quick-term Indicant on Feb 8, 2010. It is down 3.3% since then. Today’s anticipated sell signal is being deferred, pending the execution of the anticipated VIX bullish bounce. Pressure never crossed into bullish domains and it is starting to move negatively, which increases potential for sell signal on the immediate horizon.

The Near-term Indicant signaled buy for ETF#31-QID on Feb 4, 2010. It is down 9.4% since that buy signal. It’s NTI Green is starting to rise. Pressure remains in bullish domains, but barely. If pressure drops back into bearish domains, a sell signal will ensue.

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 56.9% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $25.17 and still falling.

Major ETF Events

Click Quick-term Indicant, Near-term, and Short-term for all 31-ETF’s.

Other links:

Short-term Indicant for DJIA and NASDAQ

Short-term Indicant Tables for the Dow Jones Industrial Average Index

Short-term Indicant Table for the NASDAQ Composite Index

Indicant Volume Indicator

Near-term, Quick-term, and Short-term Indicant for Major Indices

Happy Investing,

Indicant.Net

www.indicant.net

02/22/10

Feb 19, 2010 Indicant Daily Stock Market Report

Volume 02, Issue 14 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Short-term Indicant Stock Market Report - Summary

The March/April 2009 Near-term Bull expired on Feb 4, 2010 even though most of the ETF’s received sell signals in the prior week. That Near-term Bull was a thoroughbred in terms of its performance. The average Near-term cycle durations range from eight to twelve weeks. This one extended for approximately ten months, whose breadth approximated the Mar 2003 bull leg. However, the March 2003 bull was supported with volume, which fueled follow-on bull legs, lasting until 2007. The more recent one did not have volume support, suggesting the stock market’s vulnerability to bearish ambition remains in effect.

The 2003 bull leg met a meandering bear that lasted through all of 2004 and most of 2005. Contemporary and projected fundamentals, as opposed to those in 2003, are more supportive of a more ambitious bear in 2010 than endured in 2004 and 2005.

Bullish behavior the past several days remains configured as a bullish spurt in the face of a Near-term Bear. If pressure rises again into bullish domains, then a new Near-term Bull could emerge. Probabilities, however, remain high for bearish bias to resume on a Near-term horizon.

As stated in the last weekly report, the market indeed punished those who shorted the market during options expiration this past week. Next week, the market will most likely follow and more rationally path, which is bearish. If more pressure increases into bullish domains, then a new Near-term Bear could evolve, even though probabilities are suggesting otherwise.

Near-term, Quick-term, Short-term Indicant Stock Market Details

The Near-term Indicant signaled no new bulls and no new bears.

The lone NTI Bull is the VIX. It is down 15.7% since the Near-term Indicant signaled bull 3.1-weeks ago, annualizing at -15.7%.

The Near-term Indicant is signaling bear for eleven major indices. They are up by an average of 3.5% since their bear signals an average of 2.8-weeks ago.

The Quick-term Indicant signaled no new bulls and no new bears.

The Quick-term Indicant is signaling bull for 11-major indices, including contrarian VIX. They are up by an average of 17.2%, annualizing at 26.9%, since their bull signals an average of 33.0-weeks ago. The Quick-term Indicant will signal bear if and when the indices fall below their respective bearish yellow curves.

The DJU is up 3.1% since the QTI signaled bear 1.6-weeks ago. Continuing weakness in Utilities suggests recent bullishness is without required sectored density for sustainability purposes.

As stated the past several days, the overall stock market is configured with increased potential for sustainable bearishness on a near-term horizon.

-Short-term Trend Sensitive Attributes (Includes Near-term and Quick-term)

Quick-term Attributes (This is a longer cycle than Near-term cycles)

QTI-Red Bull Count; Five non-contrarian; limited bullish support and some protections against dynamic bearish behavior.

QTI-Bullish Red Curve Trend; Only five non-contrarians; down from 11, eight trading days ago.

QTI-Bearish Yellow Curve Trend; Non-bearish majority with 10 of 11-non-contrarian indices in non-bearish trend, supporting non-bearish bias along this slower cycle.

Near-term Attributes (This is a shorter cycle than the Quick-term cycles)

NTI-Blue Bull Count; Eleven non-contrarian; configured as a bullish spurt in face of Near-term bear.

NTI-Bullish Blue Curve Trend; Eleven non-contrarian; increasing bullish support.

NTI-Bearish Green Curve Trend; Zero non-contrarian; positive bearish support.

Short-term Force Vectors and Pressure Attributes

STI-Force Vector Position; Eleven in bullish domain; increasing bullish support.

STI-Vector Pressure Trend; Eleven moving bullishly, but lending to non-bearishness due to increasing maturity of the cycle.

Short-term Market Summary

-Tangential Protection – There are none. The last three evaporated on Thursday, Feb 4, 2010. This has facilitated more freedom for the bear to roam.

The Quick-term bearish yellow curve stands between the above claim and prevailing prices. If prices fall below this bearish yellow curve, the probability of tangential bearishness on this cycle will be high. The Dow Utilities moved toward supporting this phenomenon a few days ago. Today’s bullish bounce did nothing to challenge this theme.

The tour is still being developed, but most of you are now familiar with the Near-term bull/bear cycles as well as the tangential protections and reverse tangential bearish detectors.

Indicant Volume Indicators

Feb 19, 2010-Fri-Volume was again non-descriptive on potential shifts in bias. Therefore, near-term bearish bias continues.

Feb 18, 2010-Thu-Volume was down slightly on mild bullishness. There is no change from previous comments. Bearish bias prevails.

Feb 17, 2010-Wed-Volume was down on today’s mild bullish behavior, which remains non-supportive of bullish sustainability along the near-term cycle.

Feb 16, 2010-Tue-Volume was relatively mild on bullish aggression, suggesting limited follow-on behavior by the bull along the near-term cycle.

Feb 12, 2010-Fri-Significant intraday volatility did not upset the recent pattern of lackluster volume. This suggest little interest and/or ability to overturn the current stock market bias, which is bearish.

Short-term ETF Report Card, Status, and Charts

The Near-term Indicant generated no buy signals and no sell signals.

The Near-term Indicant is signaling hold for five ETF’s, including contrarian QID. They are up by an average of 8.2%, annualizing at 23.7%, since their buy signals an average of 18.1-weeks ago.

The NTI is avoiding 26-ETF’s. They are up by an average of 4.1% since their sell signals an average of 2.7-weeks ago.

The Quick-term Indicant generated no buy signals and no sell signals.

The Quick-term Indicant is signaling hold for 30-ETF’s. They are up an average of 25.3% since their buy signals an average of 36.2-weeks ago. Those with hold signals are annualizing at 36.3%.

The lone avoided ETF, QID, is down 57.0% since its sell signal 47.1-weeks ago.

Near-term Indicant ETF Key Attributes

NTI Blue Bulls Count; there are twenty-seven, which is appears to be a boomerang increase; potential bullish support, but higher probability suggests bearish aggression looms.

NTI Blue Curve Trend; 29-contrarians are sloping north; improved, but temporary, bullish support.

NTI Green Curve Trend; Two sloping north with declining bullish support. This is encouraging domination by the short-term stock market bear.

Quick-term Indicant ETF Key Attributes

QTI Red Bull Count; Seventeen non-contrarian, limited bullish support.

QTI Bullish Red Curve Trend; minority of 15-sloping north in support for Quick-term Bull, but under bear threat due to the declining population of Red Bulls. Lost several in last few days.

QTI Yellow Bear Count; zero non-contrarian represents a solid majority supporting Quick-term non-bearishness. (This is a potential source of resistance to bearish aggression).

QTI Bearish Yellow Curve Trend; 29-sloping north, highlighting non-bearishness along a slower moving plane.

The Short-term Indicant ETF Key Attributes:

Vector Pressure Bullish Domain Occupancy; a minority of fifteen non-contrarians in bullish domains, offering decreasing support for the bull. Many have now endured bearish convergence. Current configurations suggest this recently converged behavior will be inspirational to the bear.

Pressure Slope Relative to Vector Pressure: 12-non-contrarian in bullish position and leaning toward support of the stock market bear.

Vector Pressure Trend; twenty-eight with limited bearish support at this time, but configured as a temporary condition.

Short-term Summary: Volume continues suggesting support for the bear and limited substantive support for the bull. The NTI-Bearish Green Curve is sloping to the south, which is bearish. Several bounced above green about one week ago with similar momentum the past three days, but this is analogized to the boomerang effect. In essence, this is a bullish spurt in the face of a near-term bear. Vector Pressure is directionally supporting the bear, but a few are holding in bullish domains and thus preventing some sell signals. Fundamentals are setting up to support bear and technical configurations are acquiescing to those fundamental demands.

Contrarian Funds

ETF#03-Natural Resources is up 5.2% since the Near-term Indicant signaled sell on Jan 29, 2010. The Quick-term Indicant continues signaling hold. It is up 11.6% since the buy signal on August 3, 2009, annualizing at 20.8%. The Quick-term Indicant will signal sell only after the price drops below QTI Yellow Curve with assistance from other attributes.

ETF#11-Gold and Precious Metals is up 35.7% since the QTI signaled buy on December 11, 2008. Annualized growth is at 29.6%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $98.30 and still rising.

The Near-term Indicant signaled sell on Feb 4, 2010. It is up 4.9% since then. Negative pressure is preventing a new buy signal.

Click this sentence for additional charting and current forecasting of the actual price of gold.

Fundamentally, gold, like most commodities, is under pressure from a strengthening U.S. dollar.

Also gold has been aggressively advertised the past several months. This invites more participants in owning gold. Such behavior typically invites short-term bearishness.

ETF#14-TLT-Long Government received a buy signal from both the Near-term and Quick-term Indicant on Feb 8, 2010. It is down 2.9% since then. It will receive a sell signal on next Monday if there is no solid bullish bounce on that day. Pressure never crossed into bullish domains and it is starting to move negatively, which increases potential for sell signal in the next day or two.

The Near-term Indicant signaled buy for ETF#31-QID on Feb 4, 2010. It is down 9.8% since that buy signal. It’s NTI Green is starting to rise. Pressure remains in bullish domains, but barely. If pressure drops back into bearish domains, a sell signal will ensue.

Major ETF Events

Feb 18, 2010-Thu-No major events.

Feb 17, 2010-Wed-TLT’s NTI bullish blue curve collapsed today. Pressure suggests a bullish response to this.

Feb 16, 2010-Tue-Today’s bullish behavior is a bullish spurt in the face of a Near-term Bear. TLT was not contrarian today as it was bullish along with the stock market. That suggests it will be even more bullish on bearish stock market behavior.

Current Strategy-Short-term Indicant- Feb 18, 2010-Thu-Same, but the rising bullish pressure by the S&P400 Index challenges the Near-term Indicant bearish theme. Feb 17, 2010-Wed-Same. Feb 16, 2010-Tue-Same as last Friday. Feb 12, 2010-Fri-Negative pressure, coupled with declining NTI Blue and Green offers little hope for a new NTI bull signal. Bias remains in favor of the bear, but the QTI Bearish Yellow Curve offers resistance to any dynamic behavior that may unfold.

Click Quick-term Indicant, Near-term, and Short-term for all 31-ETF’s.

Other links:

Short-term Indicant for DJIA and NASDAQ

Short-term Indicant Tables for the Dow Jones Industrial Average Index

Short-term Indicant Table for the NASDAQ Composite Index

Indicant Volume Indicator

Near-term, Quick-term, and Short-term Indicant for Major Indices

Happy Investing,

Indicant.Net

www.indicant.net

02/19/10

Feb 18, 2010 Indicant Daily Stock Market Report

Volume 02, Issue 13 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Short-term Indicant Stock Market Report - Summary

The March/April 2009 Near-term Bull expired on Feb 4, 2010 even though most of the ETF’s received sell signals in the prior week. That Near-term Bull was a thoroughbred in terms of its performance. The average Near-term cycle durations range from eight to twelve weeks. This one extended for approximately ten months, whose breadth approximated the Mar 2003 bull leg. However, the March 2003 bull was supported with volume, which fueled follow-on bull legs, lasting until 2007.

Near-term, Quick-term, Short-term Indicant Stock Market Details

The Near-term Indicant signaled no new bulls and no new bears.

The lone NTI Bull is the VIX. It is down 13.1% since the Near-term Indicant signaled bull 3.0-weeks ago, annualizing at -13.4%.

The Near-term Indicant is signaling bear for eleven major indices. They are up by an average of 3.0% since their bear signals an average of 2.6-weeks ago.

The Quick-term Indicant signaled no new bulls and no new bears.

The Quick-term Indicant is signaling bull for 11-major indices, including contrarian VIX. They are up by an average of 17.0%, annualizing at 26.8%, since their bull signals an average of 33.0-weeks ago. The Quick-term Indicant will signal bear if and when the indices fall below their respective bearish yellow curves.

The DJU is up 1.8% since the QTI signaled bear 1.4-weeks ago. This continuing weakness in Utilities suggests recent bullishness is without required sectored density for sustainability purposes.

As stated the past several days, the overall stock market is configured with increased potential for sustainable bearishness.

-Short-term Trend Sensitive Attributes (Includes Near-term and Quick-term)

Quick-term Attributes (This is a longer cycle than Near-term cycles)

QTI-Red Bull Count; Five non-contrarian; limited bullish support and some protections against dynamic bearish behavior.

QTI-Bullish Red Curve Trend; Only five non-contrarians; down from 11, seven trading days ago.

QTI-Bearish Yellow Curve Trend; Non-bearish majority with 10 of 11-non-contrarian indices in non-bearish trend, supporting non-bearish bias along this slower cycle.

Near-term Attributes (This is a shorter cycle than the Quick-term cycles)

NTI-Blue Bull Count; Ten non-contrarian; spurt bullish support.

NTI-Bullish Blue Curve Trend; Ten non-contrarian; increasing bullish support.

NTI-Bearish Green Curve Trend; Zero non-contrarian; positive bearish support.

Short-term Force Vectors and Pressure Attributes

STI-Force Vector Position; Nine in bullish domain; increasing bullish support.

STI-Vector Pressure Trend; Ten moving bullishly, but lending to non-bearishness due to increasing maturity of the cycle.

STI-Vector Pressure Position; Most major indices are enduring negative (bearish) pressure. The mid-caps and small-caps lost positive bullish pressure on Feb 11, 2010. Now all major indices are with negative bearish pressure, except the VIX.

Short-term Market Summary

-Tangential Protection – There are none. The last three evaporated on Thursday, Feb 4, 2010. This has facilitated more freedom for the bear to roam.

The Quick-term bearish yellow curve stands between the above claim and prevailing prices. If prices fall below this bearish yellow curve, the probability of tangential bearishness on this cycle will be high. The Dow Utilities moved toward supporting this phenomenon a few days ago. Today’s bullish bounce did nothing to challenge this theme.

The tour is still being developed, but most of you are now familiar with the Near-term bull/bear cycles as well as the tangential protections and reverse tangential bearish detectors.

Indicant Volume Indicators

Feb 18, 2010-Thu-Volume was down slightly on mild bullishness. There is no change from previous comments. Bearish bias prevails.

Feb 17, 2010-Wed-Volume was down on today’s mild bullish behavior, which remains non-supportive of bullish sustainability along the near-term cycle.

Feb 16, 2010-Tue-Volume was relatively mild on bullish aggression, suggesting limited follow-on behavior by the bull along the near-term cycle.

Short-term ETF Report Card, Status, and Charts

The Near-term Indicant generated no buy signals and no sell signals.

The Near-term Indicant is signaling hold for five ETF’s, including contrarian QID. They are up by an average of 8.0%, annualizing at 23.2%, since their buy signals an average of 17.9-weeks ago.

The NTI is avoiding 26-ETF’s. They are up by an average of 4.1% since their sell signals an average of 2.6-weeks ago.

The Quick-term Indicant generated no buy signals and no sell signals.

The Quick-term Indicant is signaling hold for 30-ETF’s. They are up an average of 25.3% since their buy signals an average of 36.4-weeks ago. Those with hold signals are annualizing at 36.4%.

The lone avoided ETF, QID, is down 57.0% since its sell signal 46.9-weeks ago.

Near-term Indicant ETF Key Attributes

NTI Blue Bulls Count; there are twenty-eight, which is appears to be a boomerang increase; potential bullish support, but higher probability suggests bearish aggression looms.

NTI Blue Curve Trend; 27-contrarians are sloping north; improved, but temporary, bullish support.

NTI Green Curve Trend; Two sloping north with declining bullish support. This is encouraging domination by the short-term stock market bear.

Quick-term Indicant ETF Key Attributes

QTI Red Bull Count; Fifteen non-contrarian, limited bullish support.

QTI Bullish Red Curve Trend; minority of 14-sloping north in support for Quick-term Bull, but under bear threat due to the declining population of Red Bulls. Lost thirteen in last seven days.

QTI Yellow Bear Count; zero non-contrarian represents a solid majority supporting Quick-term non-bearishness. (This is a potential source of resistance to bearish aggression).

QTI Bearish Yellow Curve Trend; 29-sloping north, highlighting non-bearishness along a slower moving plane.

The Short-term Indicant ETF Key Attributes:

Vector Pressure Bullish Domain Occupancy; a minority of eleven non-contrarians in bullish domains, offering decreasing support for the bull. Many have now endured bearish convergence. Current configurations suggest this recently converged behavior will be inspirational to the bear.

Pressure Slope Relative to Vector Pressure: ten non-contrarian in bullish position and leaning toward support of the stock market bear.

Vector Pressure Trend; twenty-seven with limited bearish support at this time, but configured as a temporary condition.

Short-term Summary: Volume continues suggesting support for the bear and no substantive support for the bull. The NTI-Bearish Green Curve is sloping to the south, which is bearish. Several bounced above green about one week ago with similar momentum the past three days, but this is analogized to the boomerang effect. In essence, this is a bullish spurt in the face of a near-term bear. Vector Pressure is directionally supporting the bear, but a few are holding in bullish domains and thus preventing some sell signals. Fundamentals are setting up to support bear and technical configurations are acquiescing to those fundamental demands.

Contrarian Funds

ETF#03-Natural Resources is up 4.8% since the Near-term Indicant signaled sell on Jan 29, 2010. The Quick-term Indicant continues signaling hold. It is up 11.1% since the buy signal on August 3, 2009, annualizing at 20.2%. The Quick-term Indicant will signal sell only after the price drops below QTI Yellow Curve with assistance from other attributes.

ETF#11-Gold and Precious Metals is up 36.4% since the QTI signaled buy on December 11, 2008. Annualized growth is at 30.2%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $98.25 and still rising.

The Near-term Indicant signaled sell on Feb 4, 2010. It is up 5.4% since then. Negative pressure is preventing a new buy signal.

Click this sentence for additional charting and current forecasting of the actual price of gold.

Fundamentally, gold, like most commodities, is under pressure from a strengthening U.S. dollar.

Also gold has been aggressively advertised the past several months. This invites more participants in owning gold. Such behavior typically invites short-term bearishness.

ETF#14-TLT-Long Government received a buy signal from both the Near-term and Quick-term Indicant on Feb 8, 2010. It is down 3.4% since then. It will receive a sell signal by next Monday if there is no solid bullish bounce before then. Pressure never crossed into bullish domains and it is starting to move negatively, which increases potential for sell signal in the next day or two.

Major ETF Events

Feb 18, 2010-Thu-No major events.

Feb 17, 2010-Wed-TLT’s NTI bullish blue curve collapsed today. Pressure suggests a bullish response to this.

Current Strategy-Short-term Indicant- Feb 17, 2010-Wed-Same. Feb 16, 2010-Tue-Same as last Friday. Feb 12, 2010-Fri-Negative pressure, coupled with declining NTI Blue and Green offers little hope for a new NTI bull signal. Bias remains in favor of the bear, but the QTI Bearish Yellow Curve offers resistance to any dynamic behavior that may unfold.

Click Quick-term Indicant, Near-term, and Short-term for all 31-ETF’s.

Other links:

Short-term Indicant for DJIA and NASDAQ

Short-term Indicant Tables for the Dow Jones Industrial Average Index

Short-term Indicant Table for the NASDAQ Composite Index

Indicant Volume Indicator

Near-term, Quick-term, and Short-term Indicant for Major Indices

Happy Investing,

Indicant.Net

www.indicant.net

02/18/10

Feb 17, 2010 Indicant Daily Stock Market Report

Volume 02, Issue 12 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Short-term Indicant Stock Market Report - Summary

The March/April 2009 Near-term Bull expired on Feb 4, 2010 even though most of the ETF’s received sell signals in the prior week. That Near-term Bull was a thoroughbred in terms of its performance. The average Near-term cycle durations range from eight to twelve weeks. This one extended for approximately ten months, whose breadth approximated the Mar 2003 bull leg. However, the March 2003 bull was supported with volume, which fueled follow-on bull legs, lasting until 2007.

Bear cycles enjoy less breadth than their arch enemy, but have greater propensity at delivering profound magnitude (depth) in a very short period; sometimes in a day or two, 25% of the bear’s predecessor bull leg can be wiped out. With that, avoiding non-contrarian securities is the current position one should continue with when relating to short-term positions. Keep in mind, though, as long as prices remain above the Quick-term Indicant yellow curve, a potential floor to recent near-term bearishness. Dynamic bearish behavior typically occurs with yellow bears; that is prices are below the bearish yellow curve.

Near-term, Quick-term, Short-term Indicant Stock Market Details

The Near-term Indicant signaled no new bulls and no new bears.

The lone NTI Bull is the VIX. It is down 8.4% since the Near-term Indicant signaled bull 2.9-weeks ago, annualizing at -8.4%.

The Near-term Indicant is signaling bear for eleven major indices. They are up by an average of 2.4% since their bear signals an average of 2.5-weeks ago.

The Quick-term Indicant signaled no new bulls and no new bears.

The Quick-term Indicant is signaling bull for 11-major indices, including contrarian VIX. They are up by an average of 16.7%, annualizing at 26.5%, since their bull signals an average of 32.9-weeks ago. The Quick-term Indicant will signal bear if and when the indices fall below their respective bearish yellow curves.

The Quick-term Indicant signaled bear on Feb 8, 2010 for the Dow Utilities. It fell below bearish yellow. This was the first major index to fall below yellow in nearly a year.

The DJU is up 1.3% since the QTI signaled bear 1.3-weeks ago. This continuing weakness in Utilities suggests recent bullishness is without required density for sustainability purposes.

As stated the past several days, the overall stock market is configured with increased potential for sustainable bearishness.

-Short-term Trend Sensitive Attributes (Includes Near-term and Quick-term)

Quick-term Attributes (This is a longer cycle than Near-term cycles)

QTI-Red Bull Count; Three non-contrarian; limited bullish support and some protections against dynamic bearish behavior.

QTI-Bullish Red Curve Trend; Only four non-contrarians; down from 12, six trading days ago.

QTI-Bearish Yellow Curve Trend; Non-bearish majority with 10 of 11-non-contrarian indices in non-bearish trend, supporting non-bearish bias along this slower cycle.

Near-term Attributes (This is a shorter cycle than the Quick-term cycles)

NTI-Blue Bull Count; Ten non-contrarian; spurt bullish support.

NTI-Bullish Blue Curve Trend; Six non-contrarian; limited bullish support.

NTI-Bearish Green Curve Trend; Zero non-contrarian; positive bearish support.

Short-term Force Vectors and Pressure Attributes

STI-Force Vector Position; Six in bullish domain; no bullish support.

STI-Vector Pressure Trend; Eight moving bullishly, but lending to non-bearishness.

Short-term Market Summary

-Tangential Protection – There are none. The last three evaporated on Thursday, Feb 4, 2010. This has facilitated more freedom for the bear to roam.

The Quick-term bearish yellow curve stands between the above claim and prevailing prices. If prices fall below this bearish yellow curve, the probability of tangential bearishness on this cycle will be high. The Dow Utilities moved toward supporting this phenomenon a few days ago. Today’s bullish bounce did nothing to challenge this theme.

The tour is still being developed, but most of you are now familiar with the Near-term bull/bear cycles as well as the tangential protections and reverse tangential bearish detectors.

Indicant Volume Indicators

Feb 17, 2010-Wed-Volume was down on today’s mild bullish behavior, which remains non-supportive of bullish sustainability along the near-term cycle.

Feb 16, 2010-Tue-Volume was relatively mild on bullish aggression, suggesting limited follow-on behavior by the bull along the near-term cycle.

Short-term ETF Report Card, Status, and Charts

The Near-term Indicant generated no buy signals and no sell signals.

The Near-term Indicant is signaling hold for five ETF’s, including contrarian QID. They are up by an average of 8.1%, annualizing at 23.7%, since their buy signals an average of 17.8-weeks ago.

The NTI is avoiding 26-ETF’s. They are up by an average of 3.3% since their sell signals an average of 2.5-weeks ago.

The Quick-term Indicant generated no buy signals and no sell signals.

The Quick-term Indicant is signaling hold for 30-ETF’s. They are up an average of 24.4% since their buy signals an average of 35.9-weeks ago. Those with hold signals are annualizing at 35.4%.

The lone avoided ETF, QID, is down 56.5% since its sell signal 46.9-weeks ago.

Near-term Indicant ETF Key Attributes

NTI Blue Bulls Count; there are twenty-eight, which is appears to be a boomerang increase; potential bullish support, but higher probability suggests bearish aggression looms.

NTI Blue Curve Trend; 26-contrarians are sloping north; improved, but temporary, bullish support.

NTI Green Curve Trend; Two sloping north with declining bullish support. This is encouraging domination by the short-term stock market bear.

Quick-term Indicant ETF Key Attributes

QTI Red Bull Count; Thirteen non-contrarian, limited bullish support.

QTI Bullish Red Curve Trend; minority of 14-sloping north in support for Quick-term Bull, but under bear threat due to the declining population of Red Bulls. Lost thirteen in last six days.

QTI Yellow Bear Count; zero non-contrarian represents a solid majority supporting Quick-term non-bearishness. (This is a potential source of resistance to bearish aggression).

QTI Bearish Yellow Curve Trend; 29-sloping north, highlighting non-bearishness along a slower moving plane.

The Short-term Indicant ETF Key Attributes:

Vector Pressure Bullish Domain Occupancy; a minority of six non-contrarians in bullish domains, offering decreasing support for the bull. Many have now endured bearish convergence. Current configurations suggest this recently converged behavior will be inspirational to the bear.

Pressure Slope Relative to Vector Pressure: six non-contrarian in bullish position and leaning toward support of the stock market bear.

Vector Pressure Trend; ten; limited bullish support.

Short-term Summary: Volume continues suggesting support for the bear and no substantive support for the bull. The NTI-Bearish Green Curve is sloping to the south, which is bearish. Several bounced above green last Friday with similar momentum the past two days, but this is analogized to the boomerang effect. In essence, this is a bullish spurt in the face of a near-term bear. Vector Pressure is directionally supporting the bear, but a few are holding in bullish domains and thus preventing some sell signals. Fundamentals are setting up to support bear and technical configurations are acquiescing to those fundamental demands.

Contrarian Funds

ETF#03-Natural Resources is up 4.3% since the Near-term Indicant signaled sell on Jan 29, 2010. The Quick-term Indicant continues signaling hold. It is up 10.5% since the buy signal on August 3, 2009, annualizing at 19.1%. The Quick-term Indicant will signal sell only after the price drops below QTI Yellow Curve with assistance from other attributes.

ETF#11-Gold and Precious Metals is up 35.5% since the QTI signaled buy on December 11, 2008. Annualized growth is at 29.5%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $98.19 and still rising.

The Near-term Indicant signaled sell on Feb 4, 2010. It is up 4.7% since then. Negative pressure is preventing a new buy signal.

Click this sentence for additional charting and current forecasting of the actual price of gold.

Fundamentally, gold, like most commodities, is under pressure from a strengthening U.S. dollar.

Also gold has been aggressively advertised the past several months. This invites more participants in owning gold. Such behavior typically invites short-term bearishness.

ETF#14-TLT-Long Government received a buy signal from both the Near-term and Quick-term Indicant on Feb 8, 2010. It is down 3.0% since then. It will receive a sell signal by next Monday if there is no solid bullish bounce before then.

The Near-term Indicant signaled buy for ETF#31-QID on Feb 4, 2010. It is down 8.7% since that buy signal. It’s NTI Green is starting to rise. Pressure remains in bullish domains, but barely. If pressure drops back into bearish domains, a sell signal will ensue.

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 56.5% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $25.34 and still falling.

Major ETF Events

Feb 17, 2010-Wed-TLT’s NTI bullish blue curve collapsed today. Pressure suggests a bullish response to this.

Click Quick-term Indicant, Near-term, and Short-term for all 31-ETF’s.

Other links:

Short-term Indicant for DJIA and NASDAQ

Short-term Indicant Tables for the Dow Jones Industrial Average Index

Short-term Indicant Table for the NASDAQ Composite Index

Indicant Volume Indicator

Near-term, Quick-term, and Short-term Indicant for Major Indices

Happy Investing,

Indicant.Net

www.indicant.net

02/17/10

Feb 16, 2010 Indicant Daily Stock Market Report

Volume 02, Issue 11 ISSN 1526 6516 QT/ST

Short-term Indicant Stock Market Report - Summary

The March/April 2009 Near-term Bull expired on Feb 4, 2010 even though most of the ETF’s received sell signals in the prior week. That Near-term Bull was a thoroughbred. The average Near-term cycle durations range from eight to twelve weeks. This one extended for approximately ten months, whose breadth approximated the Mar 2003 bull leg.

Bear cycles enjoy less breadth than their arch enemy, but have greater propensity at delivering profound magnitude (depth) in a very short period; sometimes in a day or two, 25% of the bear’s predecessor bull leg can be wiped out. With that, avoiding non-contrarian securities is the current position one should continue with when relating to short-term positions. Keep in mind, though, as long as prices remain above the Quick-term Indicant Yellow curve, a potential floor to recent near-term bearishness. Dynamic bearish behavior typically occurs with yellow bears; that is prices are below the bearish yellow curve.

Near-term, Quick-term, Short-term Indicant Stock Market Details

The Near-term Indicant signaled no new bulls and no new bears.

The lone NTI Bull is the VIX. It is down 6.3% since the Near-term Indicant signaled bull 2.7-weeks ago, annualizing at -6.3%.

The Near-term Indicant is signaling bear for eleven major indices. They are up by an average of 2.1% since their bear signals an average of 2.3-weeks ago.

The Quick-term Indicant signaled no new bulls and no new bears.

The Quick-term Indicant is signaling bull for 11-major indices, including contrarian VIX. They are up by an average of 16.4%, annualizing at 26.1%, since their bull signals an average of 32.8-weeks ago. The Quick-term Indicant will signal bear if and when the indices fall below their respective bearish yellow curves.

The Quick-term Indicant signaled bear on Feb 8, 2010 for the Dow Utilities. It fell below bearish yellow. This was the first major index to fall below yellow in nearly a year.

The DJU is up 1.6% since the QTI signaled bear 1.1-weeks ago.

As stated the past several days, the overall stock market is configured with increased potential for sustainable bearishness.

-Short-term Trend Sensitive Attributes (Includes Near-term and Quick-term)

Quick-term Attributes (This is a longer cycle than Near-term cycles)

QTI-Red Bull Count; One non-contrarian; no bullish support.

QTI-Bullish Red Curve Trend; Only five non-contrarians; down from 12, five trading days ago.

QTI-Bearish Yellow Curve Trend; Non-bearish majority with 10 of 11-non-contrarian indices in non-bearish trend, supporting non-bearish bias along this slower cycle.

Near-term Attributes (This is a shorter cycle than the Quick-term cycles)

NTI-Blue Bull Count; Ten non-contrarian; spurt bullish support.

NTI-Bullish Blue Curve Trend; Five non-contrarian; limited bullish support.

NTI-Bearish Green Curve Trend; Zero non-contrarian; positive bearish support.

Short-term Force Vectors and Pressure Attributes

STI-Force Vector Position; One in bullish domain; no bullish support.

STI-Vector Pressure Trend; Favoring bear.

Short-term Market Summary

The Near-term Indicant is solidly bearish while the Quick-term Indicant offers potential resistance to the bear. Some of that resistance was lost with the Dow Utilities recently succumbing to bearish influences. However, there remains some potential resistance with only one Yellow Bear.

-Tangential Protection – There are none. The last three evaporated on Thursday, Feb 4, 2010. This has facilitated more freedom for the bear to roam.

-Political Climate – Increasing discourse between the two Congressional parties and the executive branch of the U.S. Government is strategically bullish. If they continue bickering with little accomplished the long-term view should be bullish. A new political influence is burgeoning in China, though, where one party remains dominant, which is generally bearish.

The Quick-term bearish yellow curve stands between the above claim and prevailing prices. If prices fall below this bearish yellow curve, the probability of tangential bearishness on this cycle will be high. The Dow Utilities moved toward supporting this phenomenon a few days ago. Today’s bullish bounce did nothing to challenge this theme.

Click this sentence to the table, highlighting RTP’s (Reverse Tangential Projections). The values and magnitudes are expressed in the table on the website. Keep in mind there is 100% confidence in these bearish projections. The problem is not knowing when, but odds favor before the first half of this year (2010). Much of this depends on political influences. There will be some unfavorable influences. There always is. The question is, when? As long as the aforementioned attributes are suggesting bullishness and non-bearishness, the bull will continue dominance. That dominance is now being challenged by the bear.

The tour is still being developed, but most of you are now familiar with the Near-term bull/bear cycles as well as the tangential protections and reverse tangential bearish detectors.

Indicant Volume Indicators

Feb 16, 2010-Tue-Volume was relatively mild on bullish aggression, suggesting limited follow-on behavior by the bull along the near-term cycle.

Short-term ETF Report Card, Status, and Charts

The Near-term Indicant generated no buy signals and no sell signals.

The Near-term Indicant is signaling hold for five ETF’s, including contrarian QID. They are up by an average of 7.9%, annualizing at 23.2%, since their buy signals an average of 17.6-weeks ago.

The NTI is avoiding 26-ETF’s. They are up by an average of 2.9% since their sell signals an average of 2.3-weeks ago.

The Quick-term Indicant generated no buy signals and no sell signals.

The Quick-term Indicant is signaling hold for 30-ETF’s. They are up an average of 23.9% since their buy signals an average of 35.8-weeks ago. Those with hold signals are annualizing at 34.7%.

The lone avoided ETF, QID, is down 56.0% since its sell signal 46.7-weeks ago.

Near-term Indicant ETF Key Attributes

NTI Blue Bulls Count; there are twenty-seven, which is appears to be a boomerang increase; potential bullish support.

NTI Blue Curve Trend; 18-contrarians are sloping north; limited bullish support.

NTI Green Curve Trend; Two sloping north with declining bullish support. This is encouraging domination by the short-term stock market bear.

Quick-term Indicant ETF Key Attributes

QTI Red Bull Count; Six non-contrarian, limited bullish support.

QTI Bullish Red Curve Trend; majority of 19-sloping north in support for Quick-term Bull, but under bear threat due to the declining population of Red Bulls. Lost nine in last six days.

QTI Yellow Bear Count; zero non-contrarian represents a solid majority supporting Quick-term non-bearishness. (This is a potential source of resistance to bearish aggression).

QTI Bearish Yellow Curve Trend; 29-sloping north, highlighting non-bearishness along a slower moving plane.

The Short-term Indicant ETF Key Attributes:

Vector Pressure Bullish Domain Occupancy; a minority of five non-contrarians in bullish domains, offering decreasing support for the bull. Many have now endured bearish convergence. Current configurations suggest this recently converged behavior will be inspirational to the bear.

Pressure Slope Relative to Vector Pressure: four non-contrarian in bullish position and leaning toward support of the stock market bear.

Vector Pressure Trend; only two; no bullish support.

Short-term Summary: Volume continues suggesting support for the bear and no substantive support for the bull. The NTI-Bearish Green Curve is sloping to the south, which is bearish. Several bounced above green last Friday with similar momentum today, but this is analogized to the boomerang effect. In essence, this is a bullish spurt in the face of a near-term bear. Vector Pressure is directionally supporting the bear, but a few are holding in bullish domains and thus preventing some sell signals. Fundamentals are setting up to support bear and technical configurations are acquiescing to those fundamental demands.

Contrarian Funds

ETF#03-Natural Resources is up 4.4% since the Near-term Indicant signaled sell on Jan 29, 2010. The Quick-term Indicant continues signaling hold. It is up 10.7% since the buy signal on August 3, 2009, annualizing at 19.5%. The Quick-term Indicant will signal sell only after the price drops below QTI Yellow Curve with assistance from other attributes.

ETF#11-Gold and Precious Metals is up 35.9% since the QTI signaled buy on December 11, 2008. Annualized growth is at 29.9%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $98.13 and still rising.

The Near-term Indicant signaled sell on Feb 4, 2010. It is up 5.0% since then. Negative pressure is preventing a new buy signal.

Click this sentence for additional charting and current forecasting of the actual price of gold.

Fundamentally, gold, like most commodities, is under pressure from a strengthening U.S. dollar.

Also gold has been aggressively advertised the past several months. This invites more participants in owning gold. Such behavior typically invites short-term bearishness.

ETF#14-TLT-Long Government received a buy signal from both the Near-term and Quick-term Indicant on Feb 8, 2010. It is down 1.9% since then. If it falls below NTI Green, a sell signal will be generated. It was not contrarian today and bounced north off the NTI Green curve. That suggests follow-on bullishness. Its pressure remains in bearish domains and always difficult to transition to bullish domains. If this difficulty becomes insurmountable, this ETF will most likely succumb to bearish desires. Fundamentally, a bullish posture would not be out of line, though.

The Near-term Indicant signaled buy for ETF#31-QID on Feb 4, 2010. It is down 7.6% since that buy signal. It’s NTI Green is starting to rise. Pressure remains in bullish domains, but barely. If pressure drops back into bearish domains, a sell signal will ensue.

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 56.0% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $25.39 and still falling.

Major ETF Events

Current Strategy-Short-term Indicant- Feb 16, 2010-Tue-Same as last Friday. Feb 12, 2010-Fri-Negative pressure, coupled with declining NTI Blue and Green offers little hope for a new NTI bull signal. Bias remains in favor of the bear, but the QTI Bearish Yellow Curve offers resistance to any dynamic behavior that may unfold.

Click Quick-term Indicant, Near-term, and Short-term for all 31-ETF’s.

Other links:

Short-term Indicant for DJIA and NASDAQ

Short-term Indicant Tables for the Dow Jones Industrial Average Index

Short-term Indicant Table for the NASDAQ Composite Index

Indicant Volume Indicator

Near-term, Quick-term, and Short-term Indicant for Major Indices

Happy Investing,

Indicant.Net

www.indicant.net

02/16/10

Feb 12, 2010 Indicant Daily Stock Market Report

Volume 02, Issue 10 ISSN 1526 6516 QT/ST

Short-term Indicant Stock Market Report - Summary

Near-term, Quick-term, Short-term Indicant Stock Market Details

The Near-term Indicant signaled no new bulls and no new bears.

The lone NTI Bull is the VIX. It is down 4.3% since the Near-term Indicant signaled bull 2.1-weeks ago, annualizing at -4.3%.

The Near-term Indicant is signaling bear for eleven major indices. They are up by an average of 0.3% since their bear signals an average of 1.8-weeks ago.

The Quick-term Indicant signaled no new bulls and no new bears.

The Quick-term Indicant is signaling bull for 11-major indices, including contrarian VIX. They are up by an average of 14.8%, annualizing at 23.9%, since their bull signals an average of 32.2-weeks ago. The Quick-term Indicant will signal bear if and when the indices fall below their respective bearish yellow curves.

The Quick-term Indicant signaled bear on Feb 8, 2010 for the Dow Utilities. It fell below bearish yellow. This was the first major index to fall below yellow in nearly a year.

The DJU is down 0.3% since the QTI signaled bear 0.6-weeks ago.

As stated the past several days, the overall stock market is configured with increased potential for sustainable bearishness.

-Short-term Trend Sensitive Attributes (Includes Near-term and Quick-term)

Quick-term Attributes (This is a longer cycle than Near-term cycles)

QTI-Red Bull Count; Zero non-contrarian; no bullish support.

QTI-Bullish Red Curve Trend; Bullish majority with eight of 11-non-contrarian indices in bullish trend, supporting residual bullish bias. Three of these attributes expired today.

QTI-Bearish Yellow Curve Trend; Non-bearish majority with 10 of 11-non-contrarian indices in non-bearish trend, supporting non-bearish bias along this slower cycle. Unfortunately, contrarian VIX is also enjoying this configuration. Most major indices are centered between Red Bull and Yellow Bear curves, while the VIX is a Red Bull and thus more bullish than the non-contrarian indices. That combination adds more bearish energy.

QIT-Yellow Bear Count; One of the non-contrarian’s was inflicted with this attribute the past few days. Bearish bias appears is now supported by the DJU, but still lacking a thorough enough commitment to feed the bear’s hunger. Longer-term holders should focus on this attribute; especially if you enjoy the fundamentals of your holdings and have accumulated significant gains.

Near-term Attributes (This is a shorter cycle than the Quick-term cycles)

NTI-Blue Bull Count; Zero non-contrarian; no bullish support. Contrarian VIX is the only Blue Bull.

NTI-Bullish Blue Curve Trend; Zero non-contrarian; no bullish support.

NTI-Bearish Green Curve Trend; Zero non-contrarian; positive bearish support.

Short-term Force Vectors and Pressure Attributes

STI-Force Vector Position; Zero in bullish domain; no bullish support.

STI-Vector Pressure Trend; Favoring bear.

Short-term Market Summary

-Tangential Protection – There are none. The last three evaporated on Thursday, Feb 4, 2010. This has facilitated more freedom for the bear to roam.

-Political Climate – Nothing new here.

Click this sentence to the table, highlighting RTP’s (Reverse Tangential Projections). The values and magnitudes are expressed in the table on the website. Keep in mind there is 100% confidence in these bearish projections. The problem is not knowing when, but odds favor before the first half of this year (2010). Much of this depends on political influences. There will be some unfavorable influences. There always is. The question is, when? As long as the aforementioned attributes are suggesting bullishness and non-bearishness, the bull will continue dominance. That dominance is now being challenged by the bear.

The tour is still being developed, but most of you are now familiar with the Near-term bull/bear cycles as well as the tangential protections and reverse tangential bearish detectors.

Indicant Volume Indicators

The NYSE and NASDAQ indicators are configuring with robustness, but increasingly light volume may stimulate lethargy. You will notice the curves appear to be peaking. This can influence meandering behavior, while the overall cycle remains in favor of the bear. (Recent chronological observations are expressed below in reverse order).

Feb 11, 2010-Thu-Mediocre volume on bullish behavior is unimpressive with respect to prevailing bias, which remains bearish.

Feb 10, 2010-Wed-Light volume, coupled with flat market behavior suggests big-money indecisiveness. This offers no change to bias, which is bearish.

Feb 9, 2010-Tue-Average volume, coupled with solid bullish behavior, does not offer bullish inspiration. Volume biases continue favoring the Near-term Bear.

Feb 8, 2010-Mon-Light volume on today’s bearish behavior indicates little interest in shifting from bearish to bullish bias.

Feb 5-Fri-Aggressive volume on flat market behavior generally supports prevailing bias, which is bearish.

Short-term ETF Report Card, Status, and Charts

The Near-term Indicant generated no buy signals and no sell signals.

The Near-term Indicant is signaling hold for five ETF’s, including contrarian QID. They are up by an average of 7.6%, annualizing at 23.2%, since their buy signals an average of 17.1-weeks ago.

The NTI is avoiding 26-ETF’s. They are up by an average of 1.1% since their sell signals an average of 1.7-weeks ago.

The Quick-term Indicant generated no buy signals and no sell signals.

The Quick-term Indicant is signaling hold for 30-ETF’s. They are up an average of 21.8% since their buy signals an average of 35.2-weeks ago. Those with hold signals are annualizing at 32.2%.

The lone avoided ETF, QID, is down 54.9% since its sell signal 46.1-weeks ago.

Near-term Indicant ETF Key Attributes

NTI Blue Bulls Count; there are ten, which is appears to be a boomerang increase; limited bullish support.

NTI Blue Curve Trend; only seven contrarians are sloping north; limited bullish support.

NTI Green Curve Trend; Two sloping north with declining bullish support. This is encouraging domination by the short-term stock market bear.

Quick-term Indicant ETF Key Attributes

QTI Red Bull Count; Two non-contrarian, limited bullish support.

QTI Bullish Red Curve Trend; majority of 21-sloping north in support for Quick-term Bull, but under bear threat due to the declining population of Red Bulls. Lost seven in last five days.

QTI Yellow Bear Count; zero non-contrarian represents a solid majority supporting Quick-term non-bearishness. (This is a potential source of resistance to bearish aggression).

QTI Bearish Yellow Curve Trend; 29-sloping north, highlighting non-bearishness along a slower moving plane.

The Short-term Indicant ETF Key Attributes:

Vector Pressure Bullish Domain Occupancy; a minority of four non-contrarians in bullish domains, offering decreasing support for the bull. Many have now endured bearish convergence. Current configurations suggest this recently converged behavior will be inspirational to the bear.

Pressure Slope Relative to Vector Pressure: four non-contrarian in bullish position and leaning toward support of the stock market bear.

Vector Pressure Trend; only two; no bullish support.

Short-term Summary: Volume continues suggesting support for the bear and no substantive support for the bull. Most of the ETF’s are below NTI-Bearish Green Curve, which is bearish. Several bounced above green today, but this is analogized to the boomerang effect. In essence, this is a bullish spurt in the face of a near-term bear. NTI-Blue and Green are nose diving, which is bearish. Vector Pressure is directionally supporting the bear, but a few are holding in bullish domains and thus preventing some sell signals. Fundamentals are setting up to support bear and technical configurations are acquiescing to those fundamental demands.

Contrarian Funds

ETF#03-Natural Resources is up 2.0% since the Near-term Indicant signaled sell on Jan 29, 2010. The Quick-term Indicant continues signaling hold. It is up 8.1% since the buy signal on August 3, 2009, annualizing at 15.2%. The Quick-term Indicant will signal sell only after the price drops below QTI Yellow Curve with assistance from other attributes.

ETF#11-Gold and Precious Metals is up 32.7% since the QTI signaled buy on December 11, 2008. Annualized growth is at 27.5%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $98.07 and still rising.

The Near-term Indicant signaled sell on Feb 4, 2010. It is up 2.6% since then.

Click this sentence for additional charting and current forecasting of the actual price of gold.

Fundamentally, gold, like most commodities, is under pressure from a strengthening U.S. dollar.

ETF#14-TLT-Long Government received a buy signal from both the Near-term and Quick-term Indicant on Feb 8, 2010. It is down 2.1% since then. If it falls below NTI Green, a quick sell signal will be generated. Its pressure remains in bearish domains and always difficult to transition to bullish domains. If this difficulty becomes insurmountable, this ETF will most likely succumb to bearish desires. Fundamentally, a bullish posture would not be out of line, though.

The Near-term Indicant signaled buy for ETF#31-QID on Feb 4, 2010. It is down 5.4% since that buy signal.

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 54.9% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $25.45 and still falling.

Major ETF Events

Feb 12, 2010-Fri-Significant intraday volatility with strong bearish inclinations and with mild volume suggests little interest and/or ability to propel the market in great magnitude in either direction. The stock market quite often stabilizes during the week of option expirations, which is this coming week.

Feb 11, 2010-Thu-Bullish behavior was not unanimous with Utilities bearish behavior today. The omission of breadth suggests today’s bullishness is a component to a mere spurt in the face of a bear market.

Feb 10, 2010-Wed-Volume was very low on today’s flat to mild bearishness, suggesting very little interest in shifting bias. Thus bearish bias prevails.

Feb 9, 2010-Tue-Today’s bull behavior has no support. Current configurations suggest any rebound above NTI Blue or Green will be followed by bearish expressions of greater magnitude.

Feb 8, 2010-Mon-Contrarian TLT received a buy signal today.

Current Strategy-Short-term Indicant- Feb 12, 2010-Fri-Negative pressure, coupled with declining NTI Blue and Green offers little hope for a new NTI bull signal. Bias remains in favor of the bear, but the QTI Bearish Yellow Curve offers resistance to any dynamic behavior that may unfold. Feb 11, 2010-Thu-There is nothing different. Feb 10, 2010-Wed-Same. Feb 9, 2010-Tue-The same as yesterday. There is no technical merit to bullish behavior, which configured as a common micro-rally in the face of a burgeoning bear. There will be no buy signals as long as NTI Blue and Green are moving south with negative pressure. Feb 8, 2010-Mon-There are too few short-term attributes suggesting the bull can withstand the bear’s quest for dominance.

Click Quick-term Indicant, Near-term, and Short-term for all 31-ETF’s.

Other links:

Short-term Indicant for DJIA and NASDAQ

Short-term Indicant Tables for the Dow Jones Industrial Average Index

Short-term Indicant Table for the NASDAQ Composite Index

Indicant Volume Indicator

Near-term, Quick-term, and Short-term Indicant for Major Indices

Happy Investing,

Indicant.Net

www.indicant.net

02/12/10

Feb 11, 2010 Indicant Daily Stock Market Report

Volume 02, Issue 09 ISSN 1526 6516 QT/ST

Short-term Indicant Stock Market Report - Summary

Near-term, Quick-term, Short-term Indicant Stock Market Details

The Near-term Indicant signaled no new bulls and no new bears.

The lone NTI Bull is the VIX. It is up 0.9% since the Near-term Indicant signaled bull 2.0-weeks ago, annualizing at 23.0%.

The Near-term Indicant is signaling bear for eleven major indices. They are up by an average of 0.4% since their bear signals an average of 1.6-weeks ago.

The Quick-term Indicant signaled no new bulls and no new bears.

The Quick-term Indicant is signaling bull for 11-major indices, including contrarian VIX. They are up by an average of 15.2%, annualizing at 24.7%, since their bull signals an average of 32.0-weeks ago. The Quick-term Indicant will signal bear if and when the indices fall below their respective bearish yellow curves.

The Quick-term Indicant signaled bear on Feb 8, 2010 for the Dow Utilities. It fell below bearish yellow. This was the first major index to fall below yellow in nearly a year.

Although the major indices were solidly bullish today, the Dow Utilities, was bearish. This lack of bullish breadth and non-participation of the only yellow bear, adds to bearish bias.

As stated the past several days, the overall stock market is configured with increased potential for sustainable bearishness.

-Short-term Trend Sensitive Attributes (Includes Near-term and Quick-term)

Quick-term Attributes (This is a longer cycle than Near-term cycles)

QTI-Red Bull Count; Zero non-contrarian; no bullish support.

QTI-Bullish Red Curve Trend; Bullish unanimity with 11 of 11-non-contrarian indices in bullish trend, supporting residual bullish bias. Recent bearish expressions have not yet shifted most of these cycles to the south, but that unfavorability could occur in a few days. This potential dreaded shift began earlier this week with the Dow Utilities Red Curve starting to bend to the south. Keep in mind this attribute gauges the Quick-term cycles, which moves slower than the Near-term cycles.

Near-term Attributes (This is a shorter cycle than the Quick-term cycles)

NTI-Blue Bull Count; Zero non-contrarian; no bullish support. Contrarian VIX is the only Blue Bull.

NTI-Bullish Blue Curve Trend; Zero non-contrarian; no bullish support.

NTI-Bearish Green Curve Trend; Zero non-contrarian; positive bearish support.

Short-term Force Vectors and Pressure Attributes

STI-Force Vector Position; Zero in bullish domain; no bullish support.

STI-Vector Pressure Trend; Favoring bear.

STI-Vector Pressure Position; Most major indices are enduring negative (bearish) pressure. The S&P400 and S&P500 are no longer enjoying positive (bullish) pressure.

Short-term Market Summary

-Tangential Protection – There are none. The last three evaporated on Thursday, Feb 4, 2010. This has facilitated more freedom for the bear to roam.

-Political Climate – Politicians are accelerating their propensity to be destructive. A long vacation by Congress would stimulate the bull. Some claim today’s blizzard in Washington DC is causative to solid bullish expressions today.

Click this sentence to the table, highlighting RTP’s (Reverse Tangential Projections). The values and magnitudes are expressed in the table on the website. Keep in mind there is 100% confidence in these bearish projections. The problem is not knowing when, but odds favor before the first half of this year (2010). Much of this depends on political influences. There will be some unfavorable influences. There always is. The question is, when? As long as the aforementioned attributes are suggesting bullishness and non-bearishness, the bull will continue dominance. That dominance is now being challenged by the bear.

The tour is still being developed, but most of you are now familiar with the Near-term bull/bear cycles as well as the tangential protections and reverse tangential bearish detectors.

Indicant Volume Indicators

Feb 11, 2010-Thu-Mediocre volume on bullish behavior is unimpressive with respect to prevailing bias, which remains bearish.

Feb 10, 2010-Wed-Light volume, coupled with flat market behavior suggests big-money indecisiveness. This offers no change to bias, which is bearish.

Feb 9, 2010-Tue-Average volume, coupled with solid bullish behavior, does not offer bullish inspiration. Volume biases continue favoring the Near-term Bear.

Feb 8, 2010-Mon-Light volume on today’s bearish behavior indicates little interest in shifting from bearish to bullish bias.

Feb 5-Fri-Aggressive volume on flat market behavior generally supports prevailing bias, which is bearish.

Short-term ETF Report Card, Status, and Charts

The Near-term Indicant generated no buy signals and no sell signals.

The Near-term Indicant is signaling hold for five ETF’s, including contrarian QID. They are up by an average of 7.5%, annualizing at 23.0%, since their buy signals an average of 16.9-weeks ago.

The NTI is avoiding 26-ETF’s. They are up by an average of 1.1% since their sell signals an average of 1.6-weeks ago.

The Quick-term Indicant generated no buy signals and no sell signals.

The Quick-term Indicant is signaling hold for 30-ETF’s. They are up an average of 21.8% since their buy signals an average of 35.0-weeks ago. Those with hold signals are annualizing at 32.4%.

The lone avoided ETF, QID, is down 54.7% since its sell signal 46.0-weeks ago.

Near-term Indicant ETF Key Attributes

NTI Blue Bulls Count; there are nine, which is a boomerang increase; limited bullish support.

NTI Blue Curve Trend; only four contrarians are sloping north; limited bullish support.

NTI Green Curve Trend; Two sloping north with declining bullish support. This is encouraging domination by the stock market bear.

Quick-term Indicant ETF Key Attributes

QTI Red Bull Count; Two non-contrarian, limited bullish support.

QTI Bullish Red Curve Trend; majority of 26-sloping north in support for Quick-term Bull, but under bear threat due to the declining population of Red Bulls. Lost three in last five days.

QTI Yellow Bear Count; zero non-contrarian represents a solid majority supporting Quick-term non-bearishness. (This is a potential source of resistance to bearish aggression).

QTI Bearish Yellow Curve Trend; 29-sloping north, highlighting non-bearishness along a slower moving plane.

The Short-term Indicant ETF Key Attributes:

Vector Pressure Bullish Domain Occupancy; a minority of four non-contrarians in bullish domains, offering decreasing support for the bull. Many have now endured bearish convergence. Current configurations suggest this converging behavior will be inspirational to the bear.

Pressure Slope Relative to Vector Pressure: four non-contrarian in bullish position and leaning toward support of the stock market bear.

Vector Pressure Trend; only two; no bullish support.

Short-term Summary: Volume continues suggesting support for the bear and no support for the bull. Most of the ETF’s are below NTI-Bearish Green Curve, which is bearish. Several bounced above green today, but this is analogized to the boomerang effect. In essence, this is a bullish spurt in the face of a bear. NTI-Blue and Green are nose diving, which is bearish. Vector Pressure is directionally supporting the bear, but a few are holding in bullish domains and thus preventing some sell signals. Fundamentals are setting up to support bear and technical configurations are acquiescing to those fundamental demands.

Contrarian Funds

ETF#11-Gold and Precious Metals is up 32.8% since the QTI signaled buy on December 11, 2008. Annualized growth is at 27.7%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $98.01 and still rising.

The Near-term Indicant signaled sell on Feb 4, 2010. It is up 2.6% since then.

Click this sentence for additional charting and current forecasting of the actual price of gold.

Fundamentally, gold, like most commodities, is under pressure from a strengthening U.S. dollar.

ETF#14-TLT-Long Government received a buy signal from both the Near-term and Quick-term Indicant on Feb 8, 2010. It is down 2.5% since then. If it falls below NTI Green, a quick sell signal will be generated. Its pressure remains in bearish domains and always difficult to transition to bullish domains. If this difficulty becomes insurmountable, this ETF will most likely succumb to bearish desires. Fundamentally, a bullish posture would not be out of line, though.

The Near-term Indicant signaled buy for ETF#31-QID on Feb 4, 2010. It is down 4.9% since that buy signal.

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 54.7% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $25.51 and still falling.

Major ETF Events

Feb 10, 2010-Wed-Volume was very low on today’s flat to mild bearishness, suggesting very little interest in shifting bias. Thus bearish bias prevails.

Feb 9, 2010-Tue-Today’s bull behavior has no support. Current configurations suggest any rebound above NTI Blue or Green will be followed by bearish expressions of greater magnitude.

Feb 8, 2010-Mon-Contrarian TLT received a buy signal today.

Current Strategy-Short-term Indicant- Feb 11, 2010-There is nothing different. Feb 10, 2010-Wed-Same. Feb 9, 2010-Tue-The same as yesterday. There is no technical merit to bullish behavior, which configured as a common micro-rally in the face of a burgeoning bear. There will be no buy signals as long as NTI Blue and Green are moving south with negative pressure. Feb 8, 2010-Mon-There are too few short-term attributes suggesting the bull can withstand the bear’s quest for dominance.

Click Quick-term Indicant, Near-term, and Short-term for all 31-ETF’s.

Other links:

Short-term Indicant for DJIA and NASDAQ

Short-term Indicant Tables for the Dow Jones Industrial Average Index

Short-term Indicant Table for the NASDAQ Composite Index

Indicant Volume Indicator

Near-term, Quick-term, and Short-term Indicant for Major Indices

Happy Investing,

Indicant.Net

www.indicant.net

02/11/10

Feb 10, 2010 Indicant Daily Stock Market Report

Volume 02, Issue 08 ISSN 1526 6516 QT/ST

Today's Report

Short-term Indicant Stock Market Report - Summary

Near-term, Quick-term, Short-term Indicant Stock Market Details

The Near-term Indicant signaled no new bulls and no new bears.

The lone NTI Bull is the VIX. It is up 6.9% since the Near-term Indicant signaled bull 1.9-weeks ago, annualizing at 194.5%.

The Near-term Indicant is signaling bear for eleven major indices. They are down by an average of 0.7% since their bear signals an average of 1.5-weeks ago.

The Quick-term Indicant signaled no new bulls and no new bears.

The Quick-term Indicant is signaling bull for 11-major indices, including contrarian VIX. They are up by an average of 14.4%, annualizing at 23.4%, since their bull signals an average of 31.9-weeks ago. The Quick-term Indicant will signal bear if and when the indices fall below their respective bearish yellow curves.

The Quick-term Indicant signaled bear on Feb 8, 2010 for the Dow Utilities. It fell below bearish yellow. This was the first major index to fall below yellow in nearly a year.

As stated the past several days, the overall stock market is configured with increased potential for sustainable bearishness.

-Short-term Trend Sensitive Attributes (Includes Near-term and Quick-term)

Quick-term Attributes (This is a longer cycle than Near-term cycles)

QTI-Red Bull Count; Zero non-contrarian; no bullish support.

QIT-Yellow Bear Count; One of the non-contrarian’s was inflicted with this attribute yesterday. Bearish bias appears is now supported by the DJU, but still lacking a thorough enough commitment to feed the bear’s hunger. Longer-term holders should focus on this attribute; especially if you enjoy the fundamentals of your holdings and have accumulated significant gains.

Near-term Attributes (This is a shorter cycle than the Quick-term cycles)

NTI-Blue Bull Count; Zero non-contrarian; no bullish support. Contrarian VIX is the only Blue Bull.

NTI-Bullish Blue Curve Trend; Zero non-contrarian; no bullish support.

NTI-Bearish Green Curve Trend; Zero non-contrarian; positive bearish support.

Short-term Force Vectors and Pressure Attributes

STI-Force Vector Position; Zero in bullish domain; no bullish support.

STI-Vector Pressure Trend; Favoring bear.

STI-Vector Pressure Position; Most major indices are enduring negative (bearish) pressure. Only the S&P400 and S&P500 are currently enjoying positive pressure, but trending south toward bearish domains. Those two indices converged yesterday. That should incite a bullish response or invigorate the bear to gain more momentum. It will be interesting to see what transpires in the next day or two. Odds favor gains in bearish momentum, but those odds are not 100%.

Short-term Summary

-Tangential Protection – There are none. The last three evaporated on Thursday, Feb 4, 2010. This has facilit