June Quick-term and Short-term Indicant Updates

Jun 30, 2011 Indicant Daily Stock Market Report

Volume 06, Issue 22 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Short-term Indicant Stock Market Report - Summary

There were again several more buy signals today, as more ETF attributes qualified. A few non-contrarians remain with bearish configurations.

The near-term cycle is a bit jittery right now even though with a solidly quick-term bullish cycle. Vector Pressure remains low (in bearish domains). As stated yesterday, the bull/buy signals may be short-lived due to this low Pressure. The stock market bull is shoring up consensus for its dominance, but not quite enough to be relaxed about it. There have been hundreds of near-term cycles, such as the current one, since 1900 that did not blossom from embryonic bullishness.

A few Force Vectors have penetrated deeply into bullish domains the past few days. That is invigorating to the stock market bull, but it would be more comforting if more were populating that region. All Force Vectors are rising, which is bullish, but those that are barely inside bullish domains offer the bear some hope. In essence, bullish synergy is minimal. In spite of that, there is none for the stock market bear.

The primary pestering attribute to the newly forming near-term bull cycle is the low Vector Pressure. Secondarily, Force Vector inconsistencies arouses additional concerns. Technically, the current cycle remains as a bullish spurt, but a few ETF’s have escaped that limitation. It would be more comforting if all non-contrarian ETF’s escaped that limitation. Consequently, until Green rises above bull/buy price, the next bear/sell signals will occur when prices fall below NTI Blue and Force falls below Pressure and/or into bearish domains.

The bull should not be considered as robustly configured until all ETF’s possess hold signals along the near-term cycle and Green is higher than buy price.

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

Short-term Market Summary

The stock market bull is gaining traction along the near-term cycle.

The next bear signal will be quick if indices fall below the NTI Blue Curve with Force below Pressure and/or in bearish domains.

Report Card Summary

The Near-term Indicant signaled no new bulls and no new bears. Click this sentence to see table leading to the charts.

The Near-term Indicant is signaling bull for all major non-contrarian indices. They are up by an average of 1.1% since their bull signals yesterday. Contrarian VIX is down 4.3% since yesterday’s bear signal.

The Quick-term Indicant signaled bear today for contrarian VIX. It fell below bearish yellow.

The Quick-term Indicant has been signaling bull for all major non-contrarian indices for an average of 38.6-weeks. They are up by an average of 18.7% since their bull signals, annualizing at 25.1%.

Indicant Volume Indicators

The NASDAQ IVI crossed into high activity domains on Mar 21, 2011. It fell back into low activity a few weeks later. However, lethargy is no longer accelerating, as normalcy with respect to summertime’s depressed volume is maturing. The NYSE Indicant Volume Indicator remains in low interest domains with some mild interest in gaining robustness.

Jun 30-Thu-Light volume again, but the stock market’s bullish aggression offers potential follow-on.

Jun 29-Wed-Volume, while still depressed, increased on mild bullishness. It remains suspicious. Wall Street now in workforce reduction process. That is not a bullish tactic.

Jun 28-Tue-Light volume, again. In spite of bullish aggression, low volume bullish behavior should always be viewed with suspicion.

Jun 27-Mon-Lighter volume on bullish aggression, compared to mildly heavier volume on last Friday’s bearish aggression, supports mild favoritism to the near-term bear cycle.

Short-term ETF Report Card, Status, and Charts

The Near-term Indicant generated 12-buy signals and two sell signals, which is similar to yesterday’s signaling.

The Near-term Indicant is signaling hold for 13-ETF’s. They are up by an average of 1.3% since their buy signals an average of 1.6-weeks ago. This annualizes at 43.9%.

The NTI is avoiding five ETF’s. They are up by an average of 1.0% since their sell signals an average of 3.3-weeks ago.

The Quick-term Indicant generated two buy signals and two sell signals.

The Quick-term Indicant is signaling hold for 27-ETF’s. They are up by an average of 24.6% since their buy signals an average of 46.0-weeks ago. This annualizes at 27.8%.

The Quick-term Indicant is avoiding one ETF. It is down 27.3% since the QTI sell signal 12.9-weeks ago.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell on Jun 6, 2011. It is up 2.8% since that sell signal. Price crossed above NTI Blue. This fund qualified for a buy signal today except its Force Vector shifted to the east. That with Pressure being in bearish domains suggests waiting another day or two before buying based on near-term cyclical behavior.

The Quick-term Indicant signaled buy on Sep 15, 2010. It is up 40.1%, annualizing at 50.1% since then. The Quick-term Indicant will not signal sell until interacting with QTI Yellow.

ETF#11-Gold and Precious Metals is up 81.0% since the QTI signaled buy on December 11, 2008. Annualized growth is at 31.3%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $134.23 and still rising. Relaxation is in order since your buy price approximates $80.65 versus today’s closing price of $146.00.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 7.8% since then, annualizing at 21.3%. The Near-term Indicant has not yet signaled sell, as indicated last Friday. It’s Force Vector vacillated. As stated the past three days, since it is bearishly mature, one more day’s observation is worth the wait. This is GLD’s first interaction with NTI Green since the last buy signal. That typically triggers a bullish response. However, if it is again bearish tomorrow, it will endure a sell signal.

Near-term attributes for the next sell signal will be price below NTI Green with Force below Pressure. Force fell below Pressure and its price is below NTI Green by less than a buck. Technically, it is now qualified for a near-term sell signal, but again waiting one more day. There is a 73% probability of a solid bullish response by virtue price falling to NTI Green.

As stated yesterday, July call options are appealing. Gold’s bearish behavior today facilitated a lower purchase price. Set a stop loss, though, as this options play is counter cyclical.

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

All prior comments in this section remain in effect, but eliminated here for brevity purposes. You will be notified when and if such commentary requires adjustment.

ETF#14-TLT-Long Government received a sell signal yesterday from the Near-term Indicant. Yesterday’s report errantly stated the Quick-term Indicant signaled sell. It did, however, do that today. This fund will fall deeply if the stock market bull resumes. It is down 0.2% since yesterday’s near-term sell signal.

The Near-term Indicant and Quick-term Indicant signaled sell today for ETF#31-QID. Although it is configured for a rebound, risks are too high to hold since it moves exponentially to QQQQ.

The Quick-term signaled sell on Apr 1, 2011 for ETF#32-VXX. This ETN does not track well with VIX. It is down 27.3% since that sell signal. The Near-term Indicant signaled sell today.

Major ETF Events

Jun 30-Thu-There were several more buy signals even though Vector Pressure remains low.

Jun 29-Wed-Several “low Pressure” buy signals were triggered by the Near-term Indicant. Several others are nearing qualifications for buying. The low Pressure is pestering a bit.

Jun 28-Tue-Two consecutive days of bullish aggression have not shifted enough near-term attributes away from their support of the near-term bear cycle.

Jun 27-Mon-If the bull and bear were matter, they would be enduring consumption by anti-matter. There is absolutely no energy supporting bull and an infinitesimal amount supporting bear. Therefore, the bear has an edge.

Current Strategy-Short-term Indicant- Jun 30, 2011. The Near-term Indicant signaled bull for major indices and buy signals for a few ETF’s. Vector Pressure remains negative (bearish), though. With that, the next bear/sell signals will occur when Price falls below Blue and Force falls below Pressure or into bearish domains. In other words, until NTI Green climbs above bull/buy prices, sell/bear signals will occur more quickly than normal.

-Reverse Tangential Bearish Detection – This phenomenon will continue to be monitored, but its threat has subsided for the time being. 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. The presidential pre-election year is the most bullish of the four years. This phenomenon reduces the risks of bearish aggression in 2011.

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. The stock market is now in the heart and soul of bullish seasonality. The bear will have difficulty manifesting with the shifting political cycles.

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.

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

06/30/2011

Jun 29, 2011 Indicant Daily Stock Market Report

Volume 06, Issue 21 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Short-term Indicant Stock Market Report - Summary

The major indices received Near-term Indicant bull signals today. That is because all major non-contrarian indices crossed above NTI Blue and Force crossed into bullish domains. Until NTI Green climbs above bull signal values and/or Pressure becomes positive, the next bear signal will occur when the major indices fall below NTI Blue and Force falls into bearish domains. These are low Pressure bulls and thus the reason for a potential bear signal quicker than normal.

There were also several buy signals for ETF’s for similar reasons. The bull should not be considered as robustly configured until more ETF’s receive buy signals.

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

Short-term Market Summary

Yesterdays’ exceptions were wiped up with today’s mild bullish behavior. None of the non contrarian Force Vectors are inside bearish domains, which is non-bearish. Contrarian VIX Force dipped back into bearish domains.

All the major indices received a Near-term Indicant bull signal today. This could be the normal summer rally, as opposed to sustainability. This is a low pressure bull. Most of the major contrarian index Pressure is in bearish domains. So, this remains qualified as a bullish spurt, but the probability of bullish sustainability is too high to continue with Near-term Bear signals.

The next bear signal will be quick if indices fall below the NTI Blue Curve with Force below Pressure and/or in bearish domains.

Report Card Summary

The Near-term Indicant signaled eleven new bulls and one new bear. Click this sentence to see table leading to the charts.

The Quick-term Indicant has been signaling bull for all major indices for an average of 35.6-weeks. They are up by an average of 15.6% since their bull signals, annualizing at 22.9%. Contrarian VIX is down 3.8% since its bull signal 3.6-weeks ago. Its inclusion in bull status is depressing performance a bit. It did not fall below QTI yellow today.

Indicant Volume Indicators

Jun 29-Wed-Volume, while still depressed, increased on mild bullishness. It remains suspicious. Wall Street now in workforce reduction process. That is not a bullish tactic.

Jun 28-Tue-Light volume, again. In spite of bullish aggression, low volume bullish behavior should always be viewed with suspicion.

Jun 27-Mon-Lighter volume on bullish aggression, compared to mildly heavier volume on last Friday’s bearish aggression, supports mild favoritism to the near-term bear cycle.

Short-term ETF Report Card, Status, and Charts

The Near-term Indicant generated 12-buy signals and one sell signal.

The Near-term Indicant is signaling hold for four ETF’s. They are up by an average of 2.4% since their buy signals an average of 9.1-weeks ago. This annualizes at 13.8%.

The NTI is avoiding 16-ETF’s. They are down by an average of 0.3% since their sell signals an average of 4.5-weeks ago.

Several ETF’s qualified for buy signals. These are low Pressure buys and thus will endure quick sell signals with certain attributes. If price falls below NTI Blue and Force falls below Pressure and/or bearish domains, sell signals will follow. Several of those not receiving a sell signal are enduring falling Force from a shallow position in bullish domains.

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

The Quick-term Indicant is signaling hold for 27-ETF’s. They are up by an average of 23.5% since their buy signals an average of 46.2-weeks ago. This annualizes at 26.4%.

The Quick-term Indicant is avoiding three ETF’s. They are down by an average of 7.3% since the QTI sell signals 5.9-weeks ago.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell on Jun 6, 2011. It is up 1.3% since that sell signal. Price crossed above NTI Blue. Force is struggling in support of the petro-bull. The next near-term buy signal will not occur until Price is above Blue and Force is higher than Pressure and in bullish domains.

The Quick-term Indicant signaled buy on Sep 15, 2010. It is up 38.0%, annualizing at 47.7% since then. The Quick-term Indicant will not signal sell until interacting with QTI Yellow.

ETF#11-Gold and Precious Metals is up 82.5% since the QTI signaled buy on December 11, 2008. Annualized growth is at 31.9%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $134.12 and still rising. Relaxation is in order since your buy price approximates $80.65 versus today’s closing price of $147.18.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 8.7% since then, annualizing at 23.9%. The Near-term Indicant has not yet signaled sell, as indicated last Friday. It’s Force Vector vacillated. As stated the past two days, since it is bearishly mature, one more day’s observation is worth the wait.

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

All prior comments in this section remain in effect, but eliminated here for brevity purposes. You will be notified when and if such commentary requires adjustment.

ETF#14-TLT-Long Government received a sell signal today from the Near-term Indicant and the Quick-term Indicant. This fund will fall deeply if the stock market bull resumes.

The Near-term Indicant and Quick-term Indicant signaled buy on May 25, 2011 for ETF#31-QID. It is up 0.1% since then, annualizing at 1.2%. Pressure remains in bullish domains and price remains above NTI-Green. These two attributes justify continued holding.

The Quick-term signaled sell on Apr 1, 2011 for ETF#32-VXX. This ETN does not track well with VIX. It is down 24.3% since that sell signal. The Near-term Indicant signaled buy on Jun 3, 2011 and it is down 1.5% since then.

Major ETF Events

Jun 29-Wed-Several “low Pressure” buy signals were triggered by the Near-term Indicant. Several others are nearing qualifications for buying. The low Pressure is pestering a bit.

Jun 28-Tue-Two consecutive days of bullish aggression have not shifted enough near-term attributes away from their support of the near-term bear cycle.

Current Strategy-Short-term Indicant- Jun 29, 2011. The Near-term Indicant signaled bull for major indices and buy signals for a few ETF’s. Vector Pressure remains negative (bearish), though. With that, the next bear/sell signals will occur when Price falls below Blue and Force falls below Pressure or into bearish domains. In other words, until NTI Green climbs above bull/buy prices, sell/bear signals will occur more quickly than normal.

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.

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

06/29/2011

Jun 28, 2011 Indicant Daily Stock Market Report

Volume 06, Issue 20 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Short-term Indicant Stock Market Report - Summary

The near-term cyclical trend remains bearish in spite of stock market bullishness the past two days. That contradicts a bit with last Friday’s statement that the bull is challenging the bear in spite of last Friday’s bearish aggression. The qualitative content of those two quasi conflicting statements is consistent with the math; that is both observations are supported by Force and Pressure. Both of those elemental attributes are struggling to support either direction.

The bearish trend, however, remains entrenched along the near-term cycle. A few more attributes shifting in favor of the bull are required before generating a bull signal for the near-term cycle.

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

Short-term Market Summary

All major non-contrarian indices are above the Near-term bullishly increasing blue curve. That is bullish with a couple of exceptions. The Dow Utilities Force Vector remains in bearish domains. It is the only major non-contrarian index enduring that attribute. The VIX Force Vector crossed into bullish domains today. If these DJU and VIX attributes reverse, the Near-term Indicant will signal bull in anticipation of a “summertime” rally in spite of suspiciously low volume.

NASDAQ and NAS100 Vector Pressure also continues listing in bearish domains and an equal threat with gravitational affects to these indices. The S&P500 and S&P100 remain weak. Today’s bullish behavior propelled them above NTI Blue or NTI Green. That is challenging to the near-term bear. Also, their Force Vectors are shifting south from the low end of bullish domains. That adds suspicion to the quality of their bullish behavior the past two days.

Report Card Summary

The Near-term Indicant signaled no new bulls and no new bears. Click this sentence to see table leading to the charts.

The Near-term Indicant is signaling bear for all eleven major non-contrarian indices. They are down by an average of 0.1% since those bear signals an average of 4.2-weeks ago. Contrarian VIX has a bull signal. It is up 7.2% since its Near-term bull signal 3.6-weeks ago, annualizing at 104.6%.

The Quick-term Indicant has been signaling bull for all major indices for an average of 35.4-weeks. They are up by an average of 15.9% since their bull signals, annualizing at 23.3%. Contrarian VIX is up 7.2% since its bull signal 3.4-weeks ago. Its inclusion in bull status is depressing performance a bit.

Indicant Volume Indicators

Jun 28-Tue-Light volume, again. In spite of bullish aggression, low volume bullish behavior should always be viewed with suspicion.

Jun 27-Mon-Lighter volume on bullish aggression, compared to mildly heavier volume on last Friday’s bearish aggression, supports mild favoritism to the near-term bear 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 four ETF’s. They are up by an average of 2.7% since their buy signals an average of 8.3-weeks ago. This annualizes at 17.0%.

The NTI is avoiding 28-ETF’s. They are down by an average of 0.2% since their sell signals an average of 3.8-weeks ago.

The avoided ETF’s will not receive buy signals until Force crosses above Pressure and prices climb above NTI blue curve. Some have accomplished those two feats the past few days, but not enough of the non-contrarians have answered the call of the Near-term Bull cycle. Also, most of the contrarian ETF’s have not fallen below NTI Green, adding a depressing affect to bullish desires. TLT’s price fell below NTI-Green today, while the other contrarian’s are holding above. In essence, bullish support along the near-term cycle remains absent in spite of bullish aggression the past two days.

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

The Quick-term Indicant is signaling hold for 27-ETF’s. They are up by an average of 22.7% since their buy signals an average of 46.1-weeks ago. This annualizes at 25.6%.

The Quick-term Indicant is avoiding four ETF’s. They are down by an average of 3.2% since the QTI sell signals 4.9-weeks ago.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell on Jun 6, 2011. It is up 0.1% since that sell signal. Price crossed above NTI Blue but Force continues meandering in bearish domains. The next near-term buy signal will not occur until Price is above Blue and Force is higher than Pressure and in bullish domains. This ETF is increasingly bearish along the near-term cycle in spite of its strong bullish expression today.

The Quick-term Indicant signaled buy on Sep 15, 2010. It is up 36.4%, annualizing at 45.9% since then. The Quick-term Indicant will not signal sell until interacting with QTI Yellow.

ETF#11-Gold and Precious Metals is up 81.3% since the QTI signaled buy on December 11, 2008. Annualized growth is at 31.5%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $134.00 and still rising. Relaxation is in order since your buy price approximates $80.65 versus today’s closing price of $146.24.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 8.0% since then, annualizing at 22.1%. The Near-term Indicant did not signal sell yesterday, as indicated last Friday. It’s Force Vector vacillated. As stated yesterday, since it is bearishly mature, one more day’s observation is worth the wait.

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

All prior comments in this section remain in effect, but eliminated here for brevity purposes. You will be notified when and if such commentary requires adjustment.

ETF#14-TLT-Long Government received a buy signal on May 17, 2011 from the Near-term Indicant and the Quick-term Indicant. It is pretty hot, but the next sell signal will not occur until price falls below NTI Green. It is down 1.8% since the buy signals. Its Force fell into bearish domains and price fell below NTI Green. This ETF lost its Red Bull status today. It is qualified for a sell signal, but configured for a bullish recoil.

The Near-term Indicant and Quick-term Indicant signaled buy on May 25, 2011 for ETF#31-QID. It is up 0.9% since then, annualizing at 9.4%. Pressure remains in bullish domains and price remains well above NTI-Green. These two attributes justify continued holding.

The Quick-term signaled sell on Apr 1, 2011 for ETF#32-VXX. This ETN does not track well with VIX. It is down 20.3% since that sell signal. The Near-term Indicant signaled buy on Jun 3, 2011 and it is up 3.7% since then, annualizing at 52.8%.

Major ETF Events

Jun 28-Tue-Two consecutive days of bullish aggression have not shifted enough near-term attributes away from their support of the near-term bear cycle.

Current Strategy-Short-term Indicant- Jun 28, 2011. The stock market bear continues along the near-term cycle in spite of bullish aggression the past two days. Until the near-term cyclical trend, which is bearish, is reversed, arguments against the near-term bear cycle should be muted. The Quick-term Indicant bull/holds remain in tact since prices remain above the QTI bearish yellow curve, but notice that a few are interacting with bearish yellow.

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.

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

06/28/2011

Jun 27, 2011 Indicant Daily Stock Market Report

Volume 06, Issue 19 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Short-term Indicant Stock Market Report - Summary

The near-term cyclical trend remains bearish in spite of today’s stock market bullishness. That contradicts a bit with last Friday’s statement that the bull is challenging the bear in spite of last Friday’s bearish aggression. The qualitative content of those two quasi conflicting statements is consistent with the math; that is both observations are supported by Force and Pressure. Both of those elemental attributes are struggling to support either direction.

The bearish trend, however, remains inarguably entrenched along the near-term cycle.

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

Short-term Market Summary

An inflection point is certainly underway. The most sophisticated math is in a bit of an upheaval at this point. Utility’s Force Vector fell into bearish domains today, while it is below NTI Blue. Pressure is clinging, marginally, to bullish domains. Transports, on the other hand, are encouraged with downward energy costs. Its Force is well inside bullish domains, while its Pressure remains in bearish domains. It is above NTI Blue and Green. Other than Pressure’s gravitational threat to Transports, it would be bullish along the near-term cycle.

NASDAQ and NAS100 Vector Pressure also continues listing in bearish domains and an equal threat with gravitational affects to this index. The S&P500 and S&P100 remain weak. Today’s bullish behavior did not propel them above NTI Blue or NTI Green. That remains solidly bearish. Also, their Force Vectors are shifting south from the low end of bullish domains. That adds suspicion to the quality of their bullish behavior today.

The smaller caps, S&P400 did not cross above NTI Blue today, while the S&P600 is solidly bullish. However, it stands alone with those attributes and without some added bullish attributes from the other major indices, it remains with a Near-term Bear signal.

Report Card Summary

The Near-term Indicant signaled no new bulls and no new bears. Click this sentence to see table leading to the charts.

The Near-term Indicant is signaling bear for all eleven major non-contrarian indices. They are down by an average of 1.3% since those bear signals an average of 4.1-weeks ago. Contrarian VIX has a bull signal. It is up 14.5% since its Near-term bull signal 3.4-weeks ago, annualizing at 220.5%.

The Quick-term Indicant has been signaling bull for all major indices for an average of 35.3-weeks. They are up by an average of 15.2% since their bull signals, annualizing at 22.3%. Contrarian VIX is up 14.5% since its bull signal 3.4-weeks ago.

Indicant Volume Indicators

Jun 27-Mon-Lighter volume on bullish aggression, compared to mildly heavier volume on last Friday’s bearish aggression, supports mild favoritism to the near-term bear 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 four ETF’s. They are up by an average of 4.7% since their buy signals an average of 8.1-weeks ago. This annualizes at 30.1%.

The NTI is avoiding 28-ETF’s. They are down by an average of 1.5% 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 27-ETF’s. They are up by an average of 21.3% since their buy signals an average of 45.9-weeks ago. This annualizes at 24.1%.

The Quick-term Indicant is avoiding four ETF’s. They are down by an average of 3.5% since the QTI sell signals 4.8-weeks ago.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell on Jun 6, 2011. It is down 2.7% since that sell signal. Price fell below NTI Blue and Force continues meandering in bearish domains. The next near-term buy signal will not occur until Price is above Blue and Force is higher than Pressure. This ETF is increasingly bearish along the near-term cycle.

The Quick-term Indicant signaled buy on Sep 15, 2010. It is up 32.6%, annualizing at 41.1% since then. The Quick-term Indicant will not signal sell until interacting with QTI Yellow.

ETF#11-Gold and Precious Metals is up 80.7% since the QTI signaled buy on December 11, 2008. Annualized growth is at 31.3%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $133.88 and still rising. Relaxation is in order since your buy price approximates $80.65 versus today’s closing price of $145.73.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 7.6% since then, annualizing at 21.3%. The Near-term Indicant did not signal sell today, as indicated last Friday. It’s Force Vector vacillated. Since it is bearishly mature, one more day’s observation is worth the wait.

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

All prior comments in this section remain in effect, but eliminated here for brevity purposes. You will be notified when and if such commentary requires adjustment.

ETF#14-TLT-Long Government received a buy signal on May 17, 2011 from the Near-term Indicant and the Quick-term Indicant. It is pretty hot, but the next sell signal will not occur until price falls below NTI Green. It is down 1.0% since the buy signals. Its Force fell into bearish domains, but price remains above NTI Green. This tricky ETF remains as a Red Bull and more bullishness would not be surprising.

The Near-term Indicant and Quick-term Indicant signaled buy on May 25, 2011 for ETF#31-QID. It is up 4.1% since then, annualizing at 44.3%. Force remains in bullish domains, supporting bullish bias, although declining a bit. The next near-term sell signal will not occur until price falls below NTI Green and Force less than Pressure. Force is now less than Pressure, but price remains above green. It is configured for more bullishness and stock market bearishness.

The Quick-term signaled sell on Apr 1, 2011 for ETF#32-VXX. This ETN does not track well with VIX. It is down 16.9% since that sell signal. The Near-term Indicant signaled buy on Jun 3, 2011 and it is up 8.0% since then, annualizing at 120.7%.

Major ETF Events

Current Strategy-Short-term Indicant- Jun 27, 2011. The stock market bear continues along the near-term cycle. Until the near-term cyclical trend, which is bearish, is reversed, arguments against the near-term bear cycle should be muted. The Quick-term Indicant bull/holds remain in tact since prices remain above the QTI bearish yellow curve, but notice that a few are interacting with bearish yellow.

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.

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

06/27/2011

Jun 24, 2011 Indicant Daily Stock Market Report

Volume 06, Issue 18 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Short-term Indicant Stock Market Report - Summary

The near-term cycle remains bearish, but being challenged by the near-term bull cycle in spite of Friday’s aggressive stock market bearish behavior. The next buy/bull signals will not occur until crossing above NTI blue and Force crosses above Pressure. Volume remains low, which should encourage some additional volatility.

None of the non-contrarian ETF’s are NTI Blue bulls. Several Force Vectors shifted back to the south today, but 21-remain in bullish domains and thus one element of the bullish threat against the dominating near-term bear cycle.

All Near-term attributes are, cyclically, trending south for the non-contrarian ETF’s. All contrarians are cyclically moving north. An inflection point is attempting to form along the near-term cycle where the Near-term bear retains its edge.

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

The Near-term Indicant signaled no new bulls and no new bears. Click this sentence to see table leading to the charts.

The Near-term Indicant is signaling bear for all eleven major non-contrarian indices. They are down by an average of 2.2% since those bear signals an average of 3.7-weeks ago. Contrarian VIX has a bull signal. It is up 17.8% since its Near-term bull signal 3.0-weeks ago, annualizing at 309.0%.

The Quick-term Indicant has been signaling bull for all major indices for an average of 34.9-weeks. They are up by an average of 14.4% since their bull signals, annualizing at 21.5%. Contrarian VIX is up 17.8% since its bull signal 3.0-weeks ago.

Short-term Market Summary

A Near-term Indicant bull signal will manifest when prices are above NTI blue curve and Force is greater than Vector Pressure. That occurred last Tuesday, Jun 21, for several indices, but not enough to trigger bull signals. A bit more bullish unanimity is required for a near-term bull signal. Much of last Tuesday’s threat to the bear has evaporated.

Indicant Volume Indicators

The NASDAQ IVI crossed into high activity domains on Mar 21, 2011. It fell back into low activity a few weeks later. Lethargy is accelerating, which is a common summertime attribute. The NYSE Indicant Volume Indicator remains in low interest domains. It appears to be peaking ahead of normally lethargic summertime volume. As stated the past several weeks, unless these configurations shift back to robustness, do not be surprised at overall stock market lethargy.

Jun 24-Fri-Although volume is not screaming, it has been increasing on days with bearish behavior. That supports the bear along the near-term bear cycle.

Jun 23-Thu-Volume was up on today’s mixed stock market behavior. Much of that was attributable to bearish aggression in the morning hours. The stock market recovered before the close with mixed results.

Jun 22-Wed-Yesterday’s volume on bullish aggression was a bit higher than today’s volume on bearish behavior. That bodes well for underlying stock market bearish spurt behavior, as opposed to a massive bear. However, the near-term bear cycle remains in tact.

Jun 20-Mon-Light volume on mild bullish behavior is not inspirational to the bull. So far, configurations suggest any bullish rally is a mere spurt in the face of a short-term bear 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 four ETF’s. They are up by an average of 6.4% since their buy signals an average of 7.7-weeks ago. This annualizes at 43.3%.

The NTI is avoiding 28-ETF’s. They are down by an average of 2.3% 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 27-ETF’s. They are up by an average of 20.7% since their buy signals an average of 45.5-weeks ago. This annualizes at 23.6%.

The Quick-term Indicant is avoiding four ETF’s. They are down by an average of 3.8% since the QTI sell signals 4.3-weeks ago.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell on Jun 6, 2011. It is down 3.2% since that sell signal. Price fell below NTI Blue and Force continues meandering in bearish domains. The next near-term buy signal will not occur until Price is above Blue and Force is higher than Pressure. Politicians released strategic petroleum reserves for their political gain and at the sacrifice of the purpose of “strategic reserves.”

The Quick-term Indicant signaled buy on Sep 15, 2010. It is up 31.9%, annualizing at 40.7% since then. The Quick-term Indicant will not signal sell until interacting with QTI Yellow.

ETF#11-Gold and Precious Metals is up 81.4% since the QTI signaled buy on December 11, 2008. Annualized growth is at 31.7%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $133.76 and still rising. Relaxation is in order since your buy price approximates $80.65 versus today’s closing price of $146.26.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 8.0% since then, annualizing at 22.9%. The Near-term Indicant may signal sell next Monday if it again endures bearish expression.

Near-term attributes for the next sell signal will be price below NTI Green with Force below Pressure. Force fell below Pressure and its price is below NTI Green by six pennies. Technically, it is now qualified for a sell signal.

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

All prior comments in this section remain in effect, but eliminated here for brevity purposes. You will be notified when and if such commentary requires adjustment.

The Near-term Indicant and Quick-term Indicant signaled buy on May 25, 2011 for ETF#31-QID. It is up 7.5% since then, annualizing at 90.3%. Force remains in bullish domains, supporting bullish bias, although declining a bit. The next near-term sell signal will not occur until price falls below NTI Green and Force less than Pressure.

The Quick-term signaled sell on Apr 1, 2011 for ETF#32-VXX. This ETN does not track well with VIX. It is down 15.7% since that sell signal. The Near-term Indicant signaled buy on Jun 3, 2011 and it is up 9.7% since then, annualizing at 165.6%.

Major ETF Events

Jun 24-Fri-Gold fell below NTI green, qualifying for a sell signal next Monday.

Jun 23-Wed-Three more non-contrarian Force Vectors climbed into bullish domains. Nearly all are in bullish domains on a mature bullish Force cycle.

Jun 22-Tue-ETF#13-EWH-Hong Kong fell below QTI Yellow. Consequently, a sell signal was triggered even though Force is bearishly mature.

Jun 20-Mon-None

Current Strategy-Short-term Indicant- Jun 24, 2011. The stock market bear continues along the near-term cycle. The Quick-term Indicant bull/holds remain in tact since prices remain above the QTI bearish yellow curve, but notice that a few are interacting with bearish yellow.

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.

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

06/24/2011

Jun 23, 2011 Indicant Daily Stock Market Report

Volume 06, Issue 17 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Short-term Indicant Stock Market Report - Summary

The near-term cycle remains bearish, but being challenged by the near-term bull cycle. The next buy/bull signals will not occur until crossing above NTI blue and Force crosses above Pressure. Volume remains low, which should encourage some additional volatility.

Several non-contrarian Force Vectors continue climbing north from bearish domains. Now a total of 21-Force Vectors are in bullish domains and above Vector Pressure. Their interaction with Pressure and/or bullish domains will be interesting. If they quickly retreat back to the south with solid bearish expressions, the near-term bear will be invigorated. If they climb into bullish domains with solid bullish behavior, the bull will find inspiration.

Only seven non-contrarians enjoy NTI Blue Bull status, while eleven blue curves are sloping northward. A few more are needed and contrarians need to contain more bearish attributes. The near-term bull and bear are engaging in a major battle right now for dominance.

All Near-term attributes are cyclically trending south. An inflection point is attempting to form along the near-term cycle.

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

The Near-term Indicant signaled no new bulls and no new bears. Click this sentence to see table leading to the charts.

The Near-term Indicant is signaling bear for all eleven major non-contrarian indices. They are down by an average of 1.2% since those bear signals an average of 3.5-weeks ago. Contrarian VIX has a bull signal. It is up 7.5% since its Near-term bull signal 2.9-weeks ago, annualizing at 135.9%.

The Quick-term Indicant has been signaling bull for all major indices for an average of 34.7-weeks. They are up by an average of 14.7% since their bull signals, annualizing at 22.0%. Contrarian VIX is up 7.5% since its bull signal 2.9-weeks ago.

Short-term Market Summary

The NAS100 fell below NTI Green this past Wed, which is very bearish along the near-term cycle. Its puniness more than offsets Utility and Transport bullishness. The NYSE is even more puny.

Indicant Volume Indicators

Jun 20-Mon-Light volume on mild bullish behavior is not inspirational to the bull. So far, configurations suggest any bullish rally is a mere spurt in the face of a short-term bear 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 four ETF’s. They are up by an average of 4.9% since their buy signals an average of 7.5-weeks ago. This annualizes at 33.5%.

The NTI is avoiding 28-ETF’s. They are down by an average of 1.5% since their sell signals an average of 3.1-weeks ago.

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

The Quick-term Indicant is signaling hold for 27-ETF’s. They are up by an average of 21.7% since their buy signals an average of 45.4-weeks ago. This annualizes at 24.9%.

The Quick-term Indicant is avoiding four ETF’s. They are down by an average of 4.4% since the QTI sell signals 4.2-weeks ago.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell on Jun 6, 2011. It is down 1.4% since that sell signal. Price fell below NTI Blue and Force continues meandering in bearish domains. The next near-term buy signal will not occur until Price is above Blue and Force is higher than Pressure. Politicians released strategic petroleum reserves for their political gain and at the sacrifice of the purpose of “strategic reserves.” That, combined with a weakening dollar, does not bode well, fundamentally, for this contrarian fund.

The Quick-term Indicant signaled buy on Sep 15, 2010. It is up 34.4%, annualizing at 44.1% since then. The Quick-term Indicant will not signal sell until interacting with QTI Yellow.

ETF#11-Gold and Precious Metals is up 83.9% since the QTI signaled buy on December 11, 2008. Annualized growth is at 32.7%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $133.64 and still rising. Relaxation is in order since your buy price approximates $80.65 versus today’s closing price of $148.34.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 9.5% since then, annualizing at 27.5%.

Near-term attributes for the next sell signal will be price below NTI Green with Force below Pressure. Force fell below Pressure and price remains above NTI Green.

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

All prior comments in this section remain in effect, but eliminated here for brevity purposes. You will be notified when and if such commentary requires adjustment.

The Near-term Indicant and Quick-term Indicant signaled buy on May 25, 2011 for ETF#31-QID. It is up 3.8% since then, annualizing at 47.8%. Force remains in bullish domains, supporting bullish bias, although declining a bit. The next near-term sell signal will not occur until price falls below NTI Green and Force less than Pressure.

The Quick-term signaled sell on Apr 1, 2011 for ETF#32-VXX. This ETN does not track well with VIX. It is down 19.0% since that sell signal. The Near-term Indicant signaled buy on Jun 3, 2011 and it is up 5.3% since then, annualizing at 94.9%.

Major ETF Events

Jun 23-Wed-Three more non-contrarian Force Vectors climbed into bullish domains. Nearly all are in bullish domains on a mature bullish Force cycle.

Jun 22-Tue-ETF#13-EWH-Hong Kong fell below QTI Yellow. Consequently, a sell signal was triggered even though Force is bearishly mature.

Jun 20-Mon-None

Current Strategy-Short-term Indicant- Jun 23, 2011. The stock market bear continues along the near-term cycle. The Quick-term Indicant bull/holds remain in tact since prices remain above the QTI bearish yellow curve, but notice that a few are interacting with bearish yellow.

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.

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

06/23/2011

Jun 22, 2011 Indicant Daily Stock Market Report

Volume 06, Issue 16 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Short-term Indicant Stock Market Report - Summary

Several Force Vectors are climbing north from bearish domains. Their interaction with Pressure and/or bullish domains will be interesting. If they quickly retreat back to the south with solid bearish expressions, the near-term bear will be invigorated. If they climb into bullish domains with solid bullish behavior, the bull will find inspiration.

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

The Near-term Indicant signaled no new bulls and no new bears. Click this sentence to see table leading to the charts.

The Near-term Indicant is signaling bear for all eleven major non-contrarian indices. They are down by an average of 1.1% since those bear signals an average of 3.4-weeks ago. Contrarian VIX has a bull signal. It is up 3.2% since its Near-term bull signal 2.7-weeks ago, annualizing at 60.8%.

The Quick-term Indicant has been signaling bull for all major indices for an average of 34.6-weeks. They are up by an average of 14.4% since their bull signals, annualizing at 21.7%. Contrarian VIX is up 3.2% since its bull signal 2.7-weeks ago.

Short-term Market Summary

A Near-term Indicant bull signal will manifest only when prices are above NTI blue curve and Force is greater than Vector Pressure. That occurred yesterday, Jun 21, for several indices, but not enough to trigger bull signals. A bit more unanimity is required for a near-term bull signal.

The NAS100 fell below NTI Green, which is very bearish along the near-term cycle. Its puniness more than offsets Utility and Transport bullishness.

Indicant Volume Indicators

Jun 20-Mon-Light volume on mild bullish behavior is not inspirational to the bull. So far, configurations suggest any bullish rally is a mere spurt in the face of a short-term bear 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 four ETF’s. They are up by an average of 5.7% since their buy signals an average of 7.4-weeks ago. This annualizes at 39.9%.

The NTI is avoiding 28-ETF’s. They are down by an average of 1.2% since their sell signals an average of 2.9-weeks ago.

The avoided ETF’s will not receive buy signals until Force crosses above Pressure and prices climb above NTI blue curve.

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

The Quick-term Indicant is signaling hold for 27-ETF’s. They are up by an average of 22.1% since their buy signals an average of 45.2-weeks ago. This annualizes at 25.4%.

The Quick-term Indicant is avoiding four ETF’s. They are down by an average of 4.9% since the QTI sell signals 5.1-weeks ago.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell on Jun 6, 2011. It is down 0.3% since that sell signal. Price climbed above NTI Blue but Force continues meandering in bearish domains. The next near-term buy signal will not occur until Price is above Blue and Force is higher than Pressure.

The Quick-term Indicant signaled buy on Sep 15, 2010. It is up 35.9%, annualizing at 46.2% since then. The Quick-term Indicant will not signal sell until interacting with QTI Yellow.

ETF#11-Gold and Precious Metals is up 88.2% since the QTI signaled buy on December 11, 2008. Annualized growth is at 34.0%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $133.49 and still rising. Relaxation is in order since your buy price approximates $80.65 versus today’s closing price of $150.99.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 11.5% since then, annualizing at 33.4%.

Near-term attributes for the next sell signal will be price below NTI green with Force below Pressure. Force climbed above Pressure and price remains above NTI green.

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

All prior comments in this section remain in effect, but eliminated here for brevity purposes. You will be notified when and if such commentary requires adjustment.

The Near-term Indicant and Quick-term Indicant signaled buy on May 25, 2011 for ETF#31-QID. It is up 5.8% since then, annualizing at 74.8%. Force remains in bullish domains, supporting bullish bias, although declining a bit. The next near-term sell signal will not occur until price falls below Green and Force less than Pressure.

Major ETF Events

Jun 22-Tue-ETF#13-EWH-Hong Kong fell below QTI Yellow. Consequently, a sell signal was triggered even though Force is bearishly mature.

Jun 20-Mon-None

Current Strategy-Short-term Indicant- Jun 22, 2011. The stock market bear continues along the near-term cycle. The Quick-term Indicant bull/holds remain in tact since prices remain above the QTI bearish yellow curve, but notice that a few are interacting with bearish yellow.

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.

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

06/22/2011

There was no daily report on June 21, 2011 due to system changes.

Jun 20, 2011 Indicant Daily Stock Market Report

Volume 06, Issue 14 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Short-term Indicant Stock Market Report - Summary

The near-term cycle remains solidly bearish. The next buy/bull signals will not occur until crossing above NTI blue and Force crosses above Pressure. Volume remains low, which should encourage some additional volatility.

Today’s mild bullishness was insignificant to the near-term bearish cycle.

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

The Near-term Indicant signaled no new bulls and no new bears. Click this sentence to see table leading to the charts.

The Near-term Indicant is signaling bear for all eleven major non-contrarian indices. They are down by an average of 2.0% since those bear signals an average of 3.1-weeks ago. Contrarian VIX has a bull signal. It is up 11.8% since its Near-term bull signal 2.4-weeks ago, annualizing at 251.7%.

The Quick-term Indicant has been signaling bull for all major indices for an average of 34.3-weeks. They are up by an average of 14.2% since their bull signals, annualizing at 21.5%. Contrarian VIX is up 11.8% since its bull signal 2.4-weeks ago.

Short-term Market Summary

A Near-term Indicant bull signal will manifest only when prices are above NTI blue curve and Force is greater than Vector Pressure. The bear continues minimizing that potential, but a few indices are threatening with some bullish inspiration.

Indicant Volume Indicators

Jun 20-Mon-Light volume on mild bullish behavior is not inspirational to the bull. So far, configurations suggest any bullish rally is a mere spurt in the face of a short-term bear 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 four ETF’s. They are up by an average of 7.0% since their buy signals an average of 7.1-weeks ago. This annualizes at 51.3%.

The NTI is avoiding 28-ETF’s. They are down by an average of 2.6% since their sell signals an average of 2.6-weeks ago.

The avoided ETF’s will not receive buy signals until Force crosses above Pressure and prices climb above NTI blue curve.

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

The Quick-term Indicant is signaling hold for 28-ETF’s. They are up by an average of 20.9% since their buy signals an average of 44.9-weeks ago. This annualizes at 24.1%.

The Quick-term Indicant is avoiding four ETF’s. They are down by an average of 4.7% since the QTI sell signals 4.8-weeks ago.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell on Jun 6, 2011. It is down 1.9% since that sell signal. Price remains below NTI Blue and Force continues meandering in bearish domains. The next near-term buy signal will not occur until Price is above Blue and Force is higher than Pressure.

The Quick-term Indicant signaled buy on Sep 15, 2010. It is up 33.6%, annualizing at 43.6% since then. The Quick-term Indicant will not signal sell until interacting with QTI Yellow.

ETF#11-Gold and Precious Metals is up 86.0% since the QTI signaled buy on December 11, 2008. Annualized growth is at 33.6%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $133.21 and still rising. Relaxation is in order since your buy price approximates $80.65 versus today’s closing price of $150.03.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 10.8% since then, annualizing at 31.9%.

Near-term attributes for the next sell signal will be price below NTI green with Force below Pressure. Force remains below Pressure, but price remains above NTI green.

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

All prior comments in this section remain in effect, but eliminated here for brevity purposes. You will be notified when and if such commentary requires adjustment.

The Near-term Indicant and Quick-term Indicant signaled buy on May 25, 2011 for ETF#31-QID. It is up 9.0% since then, annualizing at 124.5%. Force remains in bullish domains, supporting bullish bias, although declining a bit.

The Quick-term signaled sell on Apr 1, 2011 for ETF#32-VXX. This ETN does not track well with VIX. It is down 17.1% since that sell signal. The Near-term Indicant signaled buy on Jun 3, 2011 and it is up 7.8% since then, annualizing at 165.7%.

Major ETF Events

Jun 20-Mon-None

Current Strategy-Short-term Indicant- Jun 20, 2011. The stock market bear continues along the near-term cycle. The Quick-term Indicant bull/holds remain in tact since prices remain above the QTI bearish yellow curve, but notice that a few are interacting with bearish yellow. The bull should find some inspiration, as these potential interactions are slowing bearish aggression.

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.

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

06/20/2011

Jun 17, 2011 Indicant Daily Stock Market Report

Volume 06, Issue 13 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Short-term Indicant Stock Market Report - Summary

Several Force Vectors are climbing north from bearish domains. Their interaction with Pressure and/or bullish domains will be interesting. If they quickly retreat back to the south with solid bearish expressions, the near-term bear will find additional vigor. If they climb into bullish domains with solid bullish behavior, the bull will find inspiration.

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

The Near-term Indicant signaled no new bulls and no new bears. Click this sentence to see table leading to the charts.

The stock market continues with bearish unanimity along the near-term cycle with all major non-contrarian indices enduring a Near-term Indicant Bear signal. Bearish unanimity suggests the bull is too anemic for argument.

The Near-term Indicant is signaling bear for all eleven major non-contrarian indices. They are down by an average of 2.6% since those bear signals an average of 2.7-weeks ago. Contrarian VIX has a bull signal. It is up 21.8% since its Near-term bull signal 2.0-weeks ago, annualizing at 567.8%. Of course that annualized amount will not manifest. The math is what it is.

The Quick-term Indicant has been signaling bull for all major indices for an average of 33.9-weeks. They are up by an average of 14.4% since their bull signals, annualizing at 22.1%. Contrarian VIX is up 21.8% since its bull signal 2.0-weeks ago. Its expected rise will deflate performance here since the non-contrarian indices remain with bull signals. They will not qualify for bear signals until they interact with bearish yellow with the possible exception of the Dow Utilities. Interestingly, for the first time since September 2010, many indices are nearing their QTI bearish yellow curve. QTI yellow was also contacted in July 2009. Both of these interactions, however, triggered powerful bullish responses. It will be interesting if same occurs this time. (Note: Yesterday’s report stated these interactions triggered powerful bearish responses. That was wrong. Bullish responses were triggered. The website was corrected).

Short-term Market Summary

Indicant Volume Indicators

Jun 17-Fri-Higher volume, but within norms, on flat behavior does nothing to motivate the near-term bull to exert influence.

Jun 16-Thu-Although volume was up on mixed behavior, the NYSE and NASDAQ were mildly bearish. That did nothing to discourage the bear from continuing its shenanigans.

Jun 15-Wed-Volume was higher on bearish aggression than yesterday’s bullish aggression. The bear finds a bit more inspiration to claw even more deeply.

Jun 14-Tue-Lighter volume on bullish aggression than recent higher volume on bearish aggression offers no sustainable support for the stock market bull.

Jun 13-Mon-Low volume on flat stock market behavior does not support bias shift from 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 four ETF’s. They are up by an average of 8.5% since their buy signals an average of 6.7-weeks ago. This annualizes at 66.3%.

The NTI is avoiding 28-ETF’s. They are down by an average of 2.5% since their sell signals an average of 2.2-weeks ago.

The avoided ETF’s will not receive buy signals until Force crosses above Pressure and prices climb above NTI blue curve.

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

The Quick-term Indicant is signaling hold for 28-ETF’s. They are up by an average of 20.1% since their buy signals an average of 44.5-weeks ago. This annualizes at 23.5%.

The Quick-term Indicant is avoiding four ETF’s. They are down by an average of 3.9% since the QTI sell signals 4.4-weeks ago.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell on Jun 6, 2011. It is down 2.5% since that sell signal. Price remains below NTI Blue and Force continues meandering in bearish domains.

The Quick-term Indicant signaled buy on Sep 15, 2010. It is up 32.8%, annualizing at 42.9% since then. The Quick-term Indicant will not signal sell until interacting with QTI Yellow.

ETF#11-Gold and Precious Metals is up 85.9% since the QTI signaled buy on December 11, 2008. Annualized growth is at 33.7%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $133.06 and still rising. Relaxation is in order since your buy price approximates $80.65 versus today’s closing price of $149.94.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 10.7% since then, annualizing at 32.5%.

Near-term attributes for the next sell signal will be price below NTI green with Force below Pressure. Force remains below Pressure, but price remains above NTI green.

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

All prior comments in this section remain in effect, but eliminated here for brevity purposes. You will be notified when and if such commentary requires adjustment.

The Near-term Indicant and Quick-term Indicant signaled buy on May 25, 2011 for ETF#31-QID. It is up 10.2% since then, annualizing at 159.2%. Force is aggressive in bullish domains, supporting bullish bias.

The Quick-term signaled sell on Apr 1, 2011 for ETF#32-VXX. This ETN does not track well with VIX. It is down 13.2% since that sell signal. The Near-term Indicant signaled buy on Jun 3, 2011 and it is up 12.8% since then, annualizing at 329.9%.

Major ETF Events

Jun 17-Fri-None
Jun 16-Thu-One more Quick-term sell signal. Prices are starting to interact with QTI Yellow.

Jun 15-Wed-Strong bearish aggression demonstrated yesterday’s comment.

Jun 14-Tue-Bullish aggression has no support for sustainability until prices climb above NTI Blue and Force mounts Pressure.

Jun 13-Mon-None.

Current Strategy-Short-term Indicant- Jun 17, 2011. The stock market bear is gaining strength on the near-term cycle. The Quick-term Indicant bull/holds remain in tact since prices remain above the QTI bearish yellow curve, but notice that a few are interacting with bearish yellow. The bull should find some inspiration, as these interactions are slowing bearish aggression.

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.

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

06/17/2011

Jun 16, 2011 Indicant Daily Stock Market Report

Volume 06, Issue 12 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. Click this sentence to see table leading to the charts.

The Near-term Indicant is signaling bear for all eleven major non-contrarian indices. They are down by an average of 2.9% since those bear signals an average of 2.5-weeks ago. Contrarian VIX has a bull signal. It is up 26.6% since its Near-term bull signal 1.9-weeks ago, annualizing at 745.6%. Of course that annualized amount will not manifest. The math is what it is. But this time around, prior losses have been recouped and much more to come.

The Quick-term Indicant has been signaling bull for all major indices for an average of 33.7-weeks. They are up by an average of 14.5% since their bull signals, annualizing at 22.3%. Contrarian VIX is up 26.6% since its bull signal 1.9-weeks ago. Its expected rise will deflate performance here since the non-contrarian indices remain with bull signals. They will not qualify for bear signals until they interact with bearish yellow with the possible exception of the Dow Utilities. Interestingly, for the first time since September 2010, many indices are nearing their QTI bearish yellow curve. The past few reports erroneously indicated the last interaction with QTI yellow was in July 2009. Both of these interactions, however, triggered powerful bullish responses. It will be interesting if same occurs this time.

Short-term Market Summary

A Near-term Indicant bull signal will manifest only when prices are above NTI blue curve and Force is greater than Vector Pressure. The bear is, so far, minimizing that potential.

Indicant Volume Indicators

Jun 16-Thu-Although volume was up on mixed behavior, the NYSE and NASDAQ were mildly bearish. That did nothing to discourage the bear from continuing its shenanigans.

Jun 15-Wed-Volume was higher on bearish aggression than yesterday’s bullish aggression. The bear finds a bit more inspiration to claw even more deeply.

Jun 14-Tue-Lighter volume on bullish aggression than recent higher volume on bearish aggression offers no sustainable support for the stock market bull.

Jun 13-Mon-Low volume on flat stock market behavior does not support bias shift from 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 four ETF’s. They are up by an average of 8.8% since their buy signals an average of 6.5-weeks ago. This annualizes at 70.3%.

The NTI is avoiding 28-ETF’s. They are down by an average of 2.6% since their sell signals an average of 2.1-weeks ago.

The avoided ETF’s will not receive buy signals until Force crosses above Pressure and prices climb above NTI blue curve.

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

The Quick-term Indicant is signaling hold for 28-ETF’s. They are up by an average of 20.0% since their buy signals an average of 44.4-weeks ago. This annualizes at 23.5%.

The Quick-term Indicant is avoiding three ETF’s. They are down by an average of 5.1% since the QTI sell signals 5.6-weeks ago.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell on Jun 6, 2011. It is down 1.9% since that sell signal.

The Quick-term Indicant signaled buy on Sep 15, 2010. It is up 33.6%, annualizing at 44.1% since then. The Quick-term Indicant will not signal sell until interacting with QTI Yellow.

ETF#11-Gold and Precious Metals is up 84.7% since the QTI signaled buy on December 11, 2008. Annualized growth is at 33.3%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $132.91 and still rising. Relaxation is in order since your buy price approximates $80.65 versus today’s closing price of $148.97.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 10.0% since then, annualizing at 30.6%.

Near-term attributes for the next sell signal will be price below NTI green with Force below Pressure. Force is now below Pressure, but price remains above NTI green.

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

All prior comments in this section remain in effect, but eliminated here for brevity purposes. You will be notified when and if such commentary requires adjustment.

The Near-term Indicant and Quick-term Indicant signaled buy on May 25, 2011 for ETF#31-QID. It is up 9.5% since then, annualizing at 155.0%. Force is aggressive in bullish domains, supporting bullish bias.

The Quick-term signaled sell on Apr 1, 2011 for ETF#32-VXX. This ETN does not track well with VIX. It is down 11.5% since that sell signal. The Near-term Indicant signaled buy on Jun 3, 2011 and it is up 15.1% since then, annualizing at 417.2%.

Major ETF Events

Jun 16-Thu-One more Quick-term sell signal. Prices are starting to interact with QTI Yellow.

Jun 15-Wed-Strong bearish aggression demonstrated yesterday’s comment.

Jun 14-Tue-Bullish aggression has no support for sustainability until prices climb above NTI Blue and Force mounts Pressure.

Jun 13-Mon-None.

Current Strategy-Short-term Indicant- Jun 16, 2011. The stock market bear is gaining strength on the near-term cycle. The Quick-term Indicant bull/holds remain in tact since prices remain above the QTI bearish yellow curve, but notice that a few are threatening to interact with bearish yellow. There was one sell signal today.

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.

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

06/16/2011

Jun 15, 2011 Indicant Daily Stock Market Report

Volume 06, Issue 11 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Short-term Indicant Stock Market Report - Summary

The near-term cycle is solidly bearish. The next buy/bull signals will not occur until crossing above NTI blue and Force crosses above Pressure. Volume remains low, which should encourage some additional volatility. Yesterday’s bullish behavior, as stated, proved irrelevant by today’s bearish aggression. Regardless of stock market behavior, the near-term cycle will not qualify as bullish until Force crosses above Pressure and prices climb above NTI blue curve.

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

The Near-term Indicant signaled no new bulls and no new bears. Click this sentence to see table leading to the charts.

The stock market is now expressing bearish unanimity along the near-term cycle with all major non-contrarian indices enduring a Near-term Indicant Bear signal.

The Near-term Indicant is signaling bear for all eleven major non-contrarian indices. They are down by an average of 3.0% since those bear signals an average of 2.4-weeks ago. Contrarian VIX has a bull signal. It is up 18.7% since its Near-term bull signal 1.7-weeks ago, annualizing at 566.1%. Of course that annualized amount is unlikely to manifest. However, the math is what it is.

The Quick-term Indicant has been signaling bull for all major indices for an average of 33.6-weeks. They are up by an average of 13.6% since their bull signals, annualizing at 21.1%. Contrarian VIX is up 18.7% since its bull signal 1.7-weeks ago. Its expected rise will deflate performance here since the non-contrarian indices remain with bull signals. They will not qualify for bear signals until they interact with bearish yellow with the possible exception of the Dow Utilities. Interestingly, for the first time since July 2009, many indices are nearing their QTI bearish yellow curve.

Short-term Market Summary

A Near-term Indicant bull signal will manifest only when prices are above NTI blue curve and Force is greater than Vector Pressure. The bear is, so far, minimizing that potential.

Indicant Volume Indicators

Jun 15-Wed-Volume was higher on bearish aggression than yesterday’s bullish aggression. The bear finds a bit more inspiration to claw even more deeply.

Jun 14-Tue-Lighter volume on bullish aggression than recent higher volume on bearish aggression offers no sustainable support for the stock market bull.

Jun 13-Mon-Low volume on flat stock market behavior does not support bias shift from bearish.

Short-term ETF Report Card, Status, and Charts

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

The Near-term Indicant is signaling hold for four ETF’s. They are up by an average of 7.1% since their buy signals an average of 6.4-weeks ago. This annualizes at 57.4%.

The NTI is avoiding 26-ETF’s. They are down by an average of 2.8% since their sell signals an average of 2.1-weeks ago.

The avoided ETF’s will not receive buy signals until Force crosses above Pressure and prices climb above NTI blue curve.

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

The Quick-term Indicant is signaling hold for 29-ETF’s. They are up by an average of 19.1% since their buy signals an average of 42.8-weeks ago. This annualizes at 23.2%.

The Quick-term Indicant is avoiding three ETF’s. They are down by an average of 6.6% since the QTI sell signals 5.5-weeks ago.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell on Jun 6, 2011. It is down 2.1% since that sell signal.

The Quick-term Indicant signaled buy on Sep 15, 2010. It is up 33.4%, annualizing at 44.0% since then. The Quick-term Indicant will not signal sell until interacting with QTI Yellow.

ETF#11-Gold and Precious Metals is up 84.9% since the QTI signaled buy on December 11, 2008. Annualized growth is at 33.4%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $132.76 and still rising. Relaxation is in order since your buy price approximates $80.65 versus today’s closing price of $145.57.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 10.1% since then, annualizing at 31.2%.

Near-term attributes for the next sell signal will be price below NTI green with Force below Pressure. Force is now below Pressure, but price remains above NTI green.

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

All prior comments in this section remain in effect, but eliminated here for brevity purposes. You will be notified when and if such commentary requires adjustment.

The Near-term Indicant and Quick-term Indicant signaled buy on May 25, 2011 for ETF#31-QID. It is up 8.6% since then, annualizing at 146.8%. Force is aggressive in bullish domains, supporting bullish bias.

The Quick-term signaled sell on Apr 1, 2011 for ETF#32-VXX. This ETN does not track well with VIX. It is down 16.1% since that sell signal. The Near-term Indicant signaled buy on Jun 3, 2011 and it is up 9.2% since then, annualizing at 276.3%.

Major ETF Events

Jun 15-Wed-Strong bearish aggression demonstrated yesterday’s comment.

Jun 14-Tue-Bullish aggression has no support for sustainability until prices climb above NTI Blue and Force mounts Pressure.

Jun 13-Mon-None.

Current Strategy-Short-term Indicant- Jun 15, 2011. The stock market bear is gaining strength on the near-term cycle. The Quick-term Indicant bull/holds remain in tact since prices remain above the QTI bearish yellow curve, but notice that a few are threatening to interact with bearish yellow.

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.

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

06/15/2011

Jun 14, 2011 Indicant Daily Stock Market Report

Volume 06, Issue 10 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. Click this sentence to see table leading to the charts.

The stock market is now expressing bearish unanimity along the near-term cycle with all major non-contrarian indices along the Near-term Indicant Bear signal.

The Near-term Indicant is signaling bear for all eleven major non-contrarian indices. They are down by an average of 1.5% since those bear signals an average of 2.2-weeks ago. Contrarian VIX has a bull signal. It is up 1.7% since its Near-term bull signal 1.6-weeks ago, annualizing at 57.1%.

The Quick-term Indicant has been signaling bull for all major indices for an average of 33.4-weeks. They are up by an average of 13.9% since their bull signals, annualizing at 21.7%. Contrarian VIX is up 1.7% since its bull signal 1.6-weeks ago. Its expected rise will deflate performance here since the non-contrarian indices remain with bull signals. They will not qualify for bear signals until they interact with bearish yellow with the possible exception of the Dow Utilities. Interestingly, for the first time since July 2009, many indices are nearing their QTI bearish yellow curve.

Short-term Market Summary

A Near-term Indicant bull signal will manifest only when prices are above NTI blue curve and Force is greater than Vector Pressure.

Indicant Volume Indicators

Jun 14-Tue-Lighter volume on bullish aggression than recent higher volume on bearish aggression offers no sustainable support for the stock market bull.

Jun 13-Mon-Low volume on flat stock market behavior does not support bias shift from 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 six-ETF’s. They are up by an average of 6.7% since their buy signals an average of 12.4-weeks ago. This annualizes at 28.2%.

The NTI is avoiding 26-ETF’s. They are down by an average of 0.9% since their sell signals an average of 1.9-weeks ago.

The avoided ETF’s will not receive buy signals until Force crosses above Pressure and prices climb above NTI blue curve.

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

The Quick-term Indicant is signaling hold for 29-ETF’s. They are up by an average of 20.8% since their buy signals an average of 42.6-weeks ago. This annualizes at 20.8%.

The Quick-term Indicant is avoiding three ETF’s. They are down by an average of 7.4% since the QTI sell signals 5.3-weeks ago.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell on Jun 6, 2011, as Force dipped below Pressure and into bearish domains. It is up 0.2% since that sell signal.

The Quick-term Indicant signaled buy on Sep 15, 2010. It is up 36.5%, annualizing at 48.3% since then. The Quick-term Indicant will not signal sell until interacting with QTI Yellow.

ETF#11-Gold and Precious Metals is up 84.3% since the QTI signaled buy on December 11, 2008. Annualized growth is at 33.2%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $132.61 and still rising. Relaxation is in order since your buy price approximates $80.65 versus today’s closing price of $148.67.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 9.8% since then, annualizing at 30.4%.

Near-term attributes for the next sell signal will be price below NTI green with Force below Pressure. Force is now below Pressure, but price remains above NTI green.

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

All prior comments in this section remain in effect, but eliminated here for brevity purposes. You will be notified when and if such commentary requires adjustment.

The Near-term Indicant and Quick-term Indicant signaled buy on May 25, 2011 for ETF#31-QID. It is up 4.8% since then, annualizing at 85.6%. Force is aggressive in bullish domains, supporting bullish bias.

The Quick-term signaled sell on Apr 1, 2011 for ETF#32-VXX. This ETN does not track well with VIX. It is down 22.7% since that sell signal. The Near-term Indicant signaled buy on Jun 3, 2011 and it is up 0.7% since then, annualizing at 21.9%.

Major ETF Events

Jun 14-Tue-Bullish aggression has no support for sustainability until prices climb above NTI Blue and Force mounts Pressure.

Jun 13-Mon-None.

Current Strategy-Short-term Indicant- Jun 14, 2011. The stock market bear is gaining strength on the near-term cycle. The Quick-term Indicant bull/holds remain in tact since prices remain above the QTI bearish yellow curve, but notice that a few are threatening to interact with bearish yellow.

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.

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

06/14/2011

Jun 13, 2011 Indicant Daily Stock Market Report

Volume 06, 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. Click this sentence to see table leading to the charts.

The stock market is now expressing bearish unanimity along the near-term cycle with all major non-contrarian indices along the Near-term Indicant Bear signal.

The Near-term Indicant is signaling bear for all eleven major non-contrarian indices. They are down by an average of 2.8% since those bear signals an average of 2.1-weeks ago. Contrarian VIX has a bull signal. It is up 8.5% since its Near-term bull signal 1.4-weeks ago, annualizing at 308.2%.

The Quick-term Indicant has been signaling bull for all major indices for an average of 33.3-weeks. They are up by an average of 13.0% since their bull signals, annualizing at 20.4%. Contrarian VIX is up 8.5% since its bull signal 1.4-weeks ago. Its expected rise will deflate performance here since the non-contrarian indices remain with bull signals. They will not qualify for bear signals until they interact with bearish yellow with the possible exception of the Dow Utilities. Interestingly, for the first time since July 2009, many indices are nearing their QTI bearish yellow curve.

Short-term Market Summary

Bearishly mature Force Vectors shifted north, which should invoke non-bearish to bullish behavior. However, this pestering bear will only laugh at that along the near-term cycle. With the exception of the Dow Utilities all non-contrarian indices are enduring negative Vector Pressure. Both Near-term Indicant curves are cyclically south.

The VIX has not completed its bullish cycle.

Indicant Volume Indicators

The NASDAQ IVI crossed into high activity domains on Mar 21, 2011. It fell back into low activity a few weeks later. Lethargy is accelerating, which is a common summertime attribute. The NYSE Indicant Volume Indicator remains in low interest domains, while mildly increasing there. It appears to be peaking ahead of normally lethargic summertime volume. As stated the past several weeks, unless these configurations shift back to robustness, do not be surprised at overall stock market lethargy.

Jun 13-Mon-Low volume on flat stock market behavior does not support bias shift from 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 six-ETF’s. They are up by an average of 7.6% since their buy signals an average of 12.3-weeks ago. This annualizes at 32.3%.

The NTI is avoiding 26-ETF’s. They are down by an average of 2.5% since their sell signals an average of 1.8-weeks ago.

The avoided ETF’s will not receive buy signals until Force crosses above Pressure and prices climb above NTI blue curve.

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

The Quick-term Indicant is signaling hold for 29-ETF’s. They are up by an average of 19.3% since their buy signals an average of 42.5-weeks ago. This annualizes at 19.3%.

The Quick-term Indicant is avoiding three ETF’s. They are down by an average of 7.4% since the QTI sell signals 5.2-weeks ago.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell on Jun 6, 2011, as Force dipped below Pressure and into bearish domains. It is down 1.9% since that sell signal. That coupled with price below NTI blue offered no alternative to the sell signal. Pressure fell into bearish domains this past Thursday, supporting the near-term avoid signal. Magnitude is always unknown, but risks are too high to continue to holding.

The near-term cycle is not behaving in a contrarian manner at this point. Keep in mind, though, this fund can be extremely contrarian to the stock market depending on the nature of the worldwide economy and not just that of the U.S. economy.

The Quick-term Indicant signaled buy on Sep 15, 2010. It is up 33.7%, annualizing at 44.7% since then. The Quick-term Indicant will not signal sell until interacting with QTI Yellow.

ETF#11-Gold and Precious Metals is up 83.2% since the QTI signaled buy on December 11, 2008. Annualized growth is at 32.8%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $132.46 and still rising. Relaxation is in order since your buy price approximates $80.65 versus Friday’s closing price of $147.77. Force fell below Pressure this past Friday and is a bit discerning.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 9.1% since then, annualizing at 28.6%.

Near-term attributes for the next sell signal will be price below NTI green with Force below Pressure. Force is now below Pressure, but price remains above NTI green.

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

All prior comments in this section remain in effect, but eliminated here for brevity purposes. You will be notified when and if such commentary requires adjustment.

ETF#14-TLT-Long Government received a buy signal on May 17, 2011 from the Near-term Indicant and the Quick-term Indicant. Force started rising in bullish domains at that time, but weakened the past few days in bullish domains. It is pretty hot, but the next sell signal will not occur until price falls below NTI Blue, since the buy signal was tardy in doing so. It is up 0.1% since the buy signals, annualizing at 0.8%. Its magnitude approximates one-half of prior bullish cycle and at about same to the cycle before the last one.

The Near-term Indicant and Quick-term Indicant signaled buy on May 25, 2011 for ETF#31-QID. It is up 7.5% since then, annualizing at 142.5%. Force is aggressive in bullish domains, supporting bullish bias.

The Quick-term signaled sell on Apr 1, 2011 for ETF#32-VXX. This ETN does not track well with VIX. It is down 20.1% since that sell signal. The Near-term Indicant signaled buy on Jun 3, 2011 and it is up 3.9% since then, annualizing at 140.7%.

Major ETF Events

Jun 13-Mon-None.

Current Strategy-Short-term Indicant- Jun 13, 2011. The stock market bear is gaining strength on the near-term cycle. The Quick-term Indicant bull/holds remain in tact since prices remain above the QTI bearish yellow curve, but notice that a few are threatening to interact with bearish yellow.

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.

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

06/13/2011

Jun 10, 2011 Indicant Daily Stock Market Report

Volume 06, Issue 08 ISSN 1526 6516 QT/ST

Short-term Indicant Stock Market Report - Summary

The near-term cycle continues enduring increasingly bearish attributes. Keep in mind, prices remain above the Quick-term bearish yellow curve, but some are no longer “well above” bearish yellow. However, even with that, configurations continue suggesting a bearish spurt is underway.

Non-contrarian Force Vectors shifted north last Thursday, invoking the expected bullish response. Configurations suggest more is to come. However, until Force crosses above Pressure and into bullish domains with Price above NTI Blue curve, the Near-term Indicant will continue to signal bear/avoid. In other words, bullish responses along the near-term cycle will be considered irrelevant until aforementioned attributes manifest.

International funds are no longer resisting bearish ambition. With that, the prognosis of a bearish spurt may be challenged depending on how the stock market behaves when it interacts with the QTI bearish yellow curve.

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

The Near-term Indicant signaled one new bull and no new bears. Click this sentence to see table leading to the charts.

The stock market is now expressing bearish unanimity along the near-term cycle with all major non-contrarian indices along the Near-term Indicant Bear signal.

The Near-term Indicant is signaling bear for all eleven major non-contrarian indices. They are down by an average of 2.8% since those bear signals an average of 1.7-weeks ago. Contrarian VIX has a bull signal. It is up 5.1% since its Near-term bull signal 1.0-weeks ago, annualizing at 263.6%.

The Quick-term Indicant has been signaling bull for all major indices for an average of 32.9-weeks. They are up by an average of 12.7% since their bull signals, annualizing at 20.2%. Contrarian VIX is up 5.1% since its bull signal one week ago. Its expected rise will deflate performance here since the non-contrarian indices remain with bull signals. They will not qualify for bear signals until they interact with bearish yellow with the possible exception of the Dow Utilities. Interestingly, for the first time since 2009, many indices are nearing their QTI bearish yellow curve.

Short-term Market Summary

The VIX has not completed its bullish cycle, but it could endure some degrading performance over the next day or two.

Indicant Volume Indicators

The NASDAQ IVI crossed into high activity domains on Mar 21, 2011. It fell back into low activity a few weeks later. Lethargy is accelerating, which is a common summertime attribute. The NYSE Indicant Volume Indicator remains in low interest domains, while mildly increasing there. It appears to be peaking ahead of normally lethargic summertime volume. As stated the past several weeks, unless these configurations shift back to robustness, do not be surprised at overall stock market lethargy.

Jun 10, 2011-Fri-Volume was not aggressive on bearish aggression. This bear is a bit sneaky, but a Near-term cycle bear nonetheless.

Jun 9, 2011-Thu-Reduced volume on mild bullishness does not upset prevailing near-term bearish bias.

Jun 8, 2011-Wed-Volume was up mildly on mild bearishness. Although normally insignificant, some mild concern is manifesting with volume support for continued bearishness.

Jun 7, 2011-Tue-Low volume on mild bearishness is certainly not adding to bearish energy, but a bear is a bear nonetheless.

Jun 6, 2011-Mon-Mediocre volume on mild bearishness offers little argument to the stock market bear along the short-term cycle.

Short-term ETF Report Card, Status, and Charts

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

The Near-term Indicant is signaling hold for six-ETF’s. They are up by an average of 7.6% since their buy signals an average of 11.9-weeks ago. This annualizes at 33.3%.

The NTI is avoiding 23-ETF’s. They are down by an average of 2.7% since their sell signals an average of 1.5-weeks ago.

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

The Quick-term Indicant is signaling hold for 29-ETF’s. They are up by an average of 19.5% since their buy signals an average of 42.1-weeks ago. This annualizes at 24.1%.

The Quick-term Indicant is avoiding three ETF’s. They are down by an average of 8.2% since the QTI sell signals 4.8-weeks ago.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell on Jun 6, 2011, as Force dipped below Pressure and into bearish domains. It is down 0.3% since that sell signal. That coupled with price below NTI blue offered no alternative to the sell signal. Pressure fell into bearish domains this past Thursday, supporting the near-term avoid signal. Magnitude is always unknown, but risks are too high to continue to holding.

The Quick-term Indicant signaled buy on Sep 15, 2010. It is up 35.8%, annualizing at 48.1% since then. The Quick-term Indicant will not signal sell until interacting with QTI Yellow.

ETF#11-Gold and Precious Metals is up 85.0% since the QTI signaled buy on December 11, 2008. Annualized growth is at 33.6%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $132.31 and still rising. Relaxation is in order since your buy price approximates $80.65 versus Friday’s closing price of $149.24. Force fell below Pressure this Friday and is a bit discerning.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 10.2% since then, annualizing at 32.8%.

Near-term attributes for the next sell signal will be price below NTI Blue with negative Vector Pressure. Price crossed below NTI Blue this Friday and thus renewing the bearish threat along the near-term cycle.

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

All prior comments in this section remain in effect, but eliminated here for brevity purposes. You will be notified when and if such commentary requires adjustment.

ETF#14-TLT-Long Government received a buy signal on May 17, 2011 from the Near-term Indicant and the Quick-term Indicant. Force started rising in bullish domains at that time, but weakened the past few days in bullish domains. It is pretty hot, but the next sell signal will not occur until price falls below NTI Blue, since the buy signal was tardy in doing so. It is up 0.6% since the buy signals, annualizing at 8.5%. Its magnitude approximates one-half of prior bullish cycle and at about same to the cycle before the last one.

The Near-term Indicant and Quick-term Indicant signaled buy on May 25, 2011 for ETF#31-QID. It is up 7.5% since then, annualizing at 169.7%. Force is aggressive in bullish domains, supporting bullish bias.

The Quick-term signaled sell on Apr 1, 2011 for ETF#32-VXX. This ETN does not track well with VIX. It is down 24.0% since that sell signal. The Near-term Indicant signaled buy on Jun 3, 2011 and it is up 2.2% since then, annualizing at 112.7%.

Major ETF Events

Jun 10, 2011-Fri-International funds reduced their resistance to bearish ambition. Therefore, a few more Near-term Indicant sell signals were triggered.

Jun 9, 2011-Thu-Today’s bullish bounce was expected, albeit with limited magnitude.

Jun 8, 2011-Wed-Volume was up a bit on mild, but consistent bearishness.

Jun 7, 2011-Tue-VIX was not contrarian. That means nothing to the stock market, but relevant to the VIX since its Force bullish cycle is mature.

Jun 6, 2011-Mon-More attributes shifted with increasing support for the stock market bear.

Current Strategy-Short-term Indicant- Jun 10, 2011. The stock market bear is gaining strength on the near-term cycle. The Quick-term Indicant bull/holds remain in tact since prices remain above the QTI bearish yellow curve, but notice that a few are threatening to interact with bearish yellow.

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.

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

06/10/2011

Jun 9, 2011 Indicant Daily Stock Market Report

Volume 06, Issue 07 ISSN 1526 6516 QT/ST

Today's Report

Short-term Indicant Stock Market Report - Summary

The near-term cycle continues enduring increasingly bearish attributes. Keep in mind, prices remain well above the Quick-term bearish yellow curve. With that, configurations continue suggesting a bearish spurt is underway.

Non-contrarian Force Vectors shifted north today, invoking the expected bullish response. Configurations suggest more is to come. However, until Force crosses above Pressure and into bullish domains with Price above NTI Blue curve, the Near-term Indicant will continue to signal bear/avoid. In other words, bullish responses along the near-term cycle will be considered irrelevant until aforementioned attributes manifest.

Interestingly, the international funds are resisting bearish influences. That adds support to the idea this is a bearish spurt, which suggests prices will not fall below QTI bearish yellow curve. Unfortunately, though that is a sizeable drop, but of less magnitude that its preceding bull cycle.

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

The Near-term Indicant signaled one new bull and no new bears. Click this sentence to see table leading to the charts.

The stock market is now expressing bearish unanimity along the near-term cycle with all major non-contrarian indices along the Near-term Indicant Bear signal.

The Near-term Indicant is signaling bear for all eleven major non-contrarian indices. They are down by an average of 1.4% since those bear signals an average of 1.5-weeks ago. Contrarian VIX has a bull signal. It is down 1.0% since the Near-term bull signal 0.9-weeks ago.

The Quick-term Indicant has been signaling bull for all major indices for an average of 32.7-weeks. They are up by an average of 13.7% since their bull signals, annualizing at 21.8%. Contrarian VIX is down 1.0% since its bull signal last week. Its expected rise will deflate performance here since the non-contrarian indices remain with bull signals. They will not qualify for bear signals until they interact with bearish yellow with the possible exception of the Dow Utilities.

Short-term Market Summary

The VIX has not completed its bullish cycle, but it could endure some degrading performance over the next day or two.

Indicant Volume Indicators

The NASDAQ IVI crossed into high activity domains on Mar 21, 2011. It fell back into low activity a few weeks later. Lethargy is accelerating, which is a common summertime attribute. The NYSE Indicant Volume Indicator remains in low interest domains, while mildly increasing there. It appears to be peaking ahead of normally lethargic summertime volume. As stated the past several weeks, unless these configurations shift back to robustness, do not be surprised at overall stock market lethargy.

Jun 9, 2011-Thu-Reduced volume on mild bullishness does not upset prevailing near-term bearish bias.

Jun 8, 2011-Wed-Volume was up mildly on mild bearishness. Although normally insignificant, some mild concern is manifesting with volume support for continued bearishness.

Jun 7, 2011-Tue-Low volume on mild bearishness is certainly not adding to bearish energy, but a bear is a bear nonetheless.

Jun 6, 2011-Mon-Mediocre volume on mild bearishness offers little argument to the stock market bear along the short-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 nine-ETF’s. They are up by an average of 3.9% since their buy signals an average of 8.2-weeks ago. This annualizes at 24.8%.

The NTI is avoiding 23-ETF’s. They are down by an average of 1.1% since their sell signals an average of 1.4-weeks ago.

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

The Quick-term Indicant is signaling hold for 29-ETF’s. They are up by an average of 21.3% since their buy signals an average of 41.9-weeks ago. This annualizes at 26.4%.

The Quick-term Indicant is avoiding three ETF’s. They are down by an average of 8.5% since the QTI sell signals 4.6-weeks ago.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell on Jun 6, 2011, as Force dipped below Pressure and into bearish domains. That coupled with price below NTI blue offered no alternative to the sell signal. Pressure fell into bearish domains today, supporting the near-term avoid signal. Magnitude is always unknown, but risks are too high to continue to holding.

The Quick-term Indicant signaled buy on Sep 15, 2010. It is up 38.5%, annualizing at 51.9% since then. The Quick-term Indicant will not signal sell until interacting with QTI Yellow.

ETF#11-Gold and Precious Metals is up 86.7% since the QTI signaled buy on December 11, 2008. Annualized growth is at 34.3%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $132.15 and still rising. Relaxation is in order since your buy price approximates $80.65 versus today’s closing price of $150.56. Force is vacillating in bullish domains and thus remains with short-term non-bearish support.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 11.2% since then, annualizing at 36.3%.

Near-term attributes for the next sell signal will be price below NTI Blue with negative Vector Pressure. Price crossed above NTI Blue this past Friday, removing bearish threat. Pressure remains positive.

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

All prior comments in this section remain in effect, but eliminated here for brevity purposes. You will be notified when and if such commentary requires adjustment.

ETF#14-TLT-Long Government received a buy signal on May 17, 2011 from the Near-term Indicant and the Quick-term Indicant. Force started rising in bullish domains at that time, but weakened the past few days in bullish domains. It is pretty hot, but the next sell signal will not occur until price falls below NTI Blue, since the buy signal was tardy in doing so. It is down 0.2% since the buy signals. Its magnitude approximates one-half of prior bullish cycle and at about same to the cycle before the last one.

The Near-term Indicant and Quick-term Indicant signaled buy on May 25, 2011 for ETF#31-QID. It is up 4.4% since then, annualizing at 104.9%. Force penetrated bullish domains last Friday, supporting bullishness for this fund.

Major ETF Events

Jun 9, 2011-Thu-Today’s bullish bounce was expected, albeit with limited magnitude.

Jun 8, 2011-Wed-Volume was up a bit on mild, but consistent bearishness.

Jun 7, 2011-Tue-VIX was not contrarian. That means nothing to the stock market, but relevant to the VIX since its Force bullish cycle is mature.

Jun 6, 2011-Mon-More attributes shifted with increasing support for the stock market bear.

Current Strategy-Short-term Indicant- No change from Jun 6, 2011. The stock market bear is gaining strength on the near-term cycle. The Quick-term Indicant bull/holds remain in tact since prices remain well above the QTI bearish yellow curve.

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.

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

06/09/2011

Jun 8, 2011 Indicant Daily Stock Market Report

Volume 06, Issue 06 ISSN 1526 6516 QT/ST

Short-term Indicant Stock Market Report - Summary

Non-contrarian Force Vectors are maturing along their bearish cycle. That should invoke a bullish response soon. However, until Force crosses above Pressure and into bullish domains with Price above NTI Blue curve, the Near-term Indicant will continue to signal bear/avoid. In other words, bullish responses along the near-term cycle will be considered irrelevant until aforementioned attributes manifest.

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

The Near-term Indicant signaled one new bull and no new bears. Click this sentence to see table leading to the charts.

The stock market is now expressing bearish unanimity along the near-term cycle with all major non-contrarian indices along the Near-term Indicant Bear signal.

The Near-term Indicant is signaling bear for all eleven major non-contrarian indices. They are down by an average of 2.0% since those bear signals an average of 1.4-weeks ago. Contrarian VIX has a bull signal. It is up 4.5% since the Near-term bull signal 0.7-weeks ago.

The Quick-term Indicant has been signaling bull for all major indices for an average of 32.6-weeks. They are up by an average of 13.6% since their bull signals, annualizing at 21.7%. Contrarian VIX is up 4.5% since its bull signal last week. Its expected rise will deflate performance here since the non-contrarian indices remain with bull signals. They will not qualify for bear signals until they interact with bearish yellow with the possible exception of the Dow Utilities.

Short-term Market Summary

VIX Force discontinued its struggle to penetrate bullish domains. It is now positioned solidly in bullish domains with bullish Pressure. Most of the non-contrarian major indices Force Vectors continue shifting to the south, which is bearish. With that, the underlying raging bull/bear battle is now favoring the stock market bear along the near-term cycle. Most of the cycles of Force are mature, inviting some corrective response to this pestering by the stock market bear.

Indicant Volume Indicators

The NASDAQ IVI crossed into high activity domains on Mar 21, 2011. It fell back into low activity a few weeks later. Lethargy is accelerating. The NYSE Indicant Volume Indicator remains in low interest domains, while mildly increasing there. It appears to be peaking ahead of normally lethargic summertime volume. As stated the past several weeks, unless these configurations shift back to robustness, do not be surprised at overall stock market lethargy.

Jun 8, 2011-Wed-Volume was up mildly on mild bearishness. Although normally insignificant, some mild concern is manifesting with volume support for continued bearishness.

Jun 7, 2011-Tue-Low volume on mild bearishness is certainly not adding to bearish energy, but a bear is a bear nonetheless.

Jun 6, 2011-Mon-Mediocre volume on mild bearishness offers little argument to the stock market bear along the short-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 nine-ETF’s. They are up by an average of 4.1% since their buy signals an average of 8.1-weeks ago. This annualizes at 26.2%.

The NTI is avoiding 23-ETF’s. They are down by an average of 1.7% since their sell signals an average of 1.3-weeks ago.

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

The Quick-term Indicant is signaling hold for 29-ETF’s. They are up by an average of 20.7% since their buy signals an average of 41.8-weeks ago. This annualizes at 25.7%.

The Quick-term Indicant is avoiding three ETF’s. They are down by an average of 8.3% since the QTI sell signals 4.5-weeks ago.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell this past Mon, Jun 6, 2011, as Force dipped below Pressure and into bearish domains. That coupled with price below NTI blue offered no alternative to the sell signal. Pressure fell into bearish domains today, supporting the near-term avoid signal. Magnitude is always unknown, but risks are too high to continue to holding.

The Quick-term Indicant signaled buy on Sep 15, 2010. It is up 36.7%, annualizing at 49.6% since then. The Quick-term Indicant will not signal sell until interacting with QTI Yellow.

ETF#11-Gold and Precious Metals is up 85.8% since the QTI signaled buy on December 11, 2008. Annualized growth is at 34.0%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $132.02 and still rising. Relaxation is in order since your buy price approximates $80.65 versus today’s closing price of $149.81. Force is vacillating in bullish domains and thus remains with short-term non-bearish support.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 10.6% since then, annualizing at 34.8%.

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

All prior comments in this section remain in effect, but eliminated here for brevity purposes. You will be notified when and if such commentary requires adjustment.

ETF#14-TLT-Long Government received a buy signal on May 17, 2011 from the Near-term Indicant and the Quick-term Indicant. Force started rising in bullish domains at that time, but weakened the past few days in bullish domains. It is pretty hot, but the next sell signal will not occur until price falls below NTI Blue, since the buy signal was tardy in doing so. It is up 0.2% since the buy signals. Its magnitude approximates one-half of prior bullish cycle and at about same to the cycle before the last one.

The Near-term Indicant and Quick-term Indicant signaled buy on May 25, 2011 for ETF#31-QID. It is up 4.7% since then, annualizing at 121.8%. Force penetrated bullish domains last Friday, supporting bullishness for this fund.

The Quick-term signaled sell on Apr 1, 2011 for ETF#32-VXX. This ETN does not track well with VIX. It is down 21.5% since that sell signal. The Near-term Indicant signaled buy this Friday and it is up 2.1% since then, annualizing at 148.1%.

Major ETF Events

Jun 8, 2011-Wed-Volume was up a bit on mild, but consistent bearishness.

Jun 7, 2011-Tue-VIX was not contrarian. That means nothing to the stock market, but relevant to the VIX since its Force bullish cycle is mature.

Jun 6, 2011-Mon-More attributes shifted with increasing support for the stock market 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.

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

06/08/2011

Jun 7, 2011 Indicant Daily Stock Market Report

Volume 06, Issue 05 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 one new bull and no new bears. Click this sentence to see table leading to the charts.

The stock market is now expressing bearish unanimity along the near-term cycle with all major non-contrarian indices with a Near-term Indicant Bear signal.

The Near-term Indicant is signaling bear for all eleven major non-contrarian indices. They are down by an average of 1.4% since those bear signals an average of 1.2-weeks ago. Contrarian VIX has a bull signal. It is up 0.7% since the Near-term bull signal 0.6-weeks ago. It was not contrarian today with bearish behavior on bearish stock market activity.

The Quick-term Indicant has been signaling bull for the eleven major indices for an average of 32.4-weeks. They are up by an average of 13.9% since their bull signals, annualizing at 22.3%. Contrarian VIX is up 0.7% since its bull signal last week. Its expected rise will deflate performance here since the non-contrarian indices remain with bull signals. They will not qualify for bear signals until they interact with bearish yellow with the possible exception of the Dow Utilities.

Short-term Market Summary

Indicant Volume Indicators