June Quick-term and Short-term Indicant Updates

June 30, 2010 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

Force Vectors continued plummeting today. That augmented bearish attributes and dampened bullish spurt potential. The imminent reversal in Force’s direction may not be bullishly inspirational due to the accelerating depression. Current configurations added support for dynamic bearishness even though potential for a bullish spurt remains. QID and related funds should perform well. Wait for the Near-term Indicant to signal buy for VXX.

From Jun 29, 2010-A new ETF (actually an ETN) has been added to augment VIX tactics. It is ETF#32, VXX. It is a bit more stable than VIX, but also more predictable relative to stock market expectations. It is currently being avoided by both the Near-term and Quick-term Indicant. It will be handy for trading/tracking/holding when the stock market bear dominates for long periods of time. Although VXX is more stable than the VIX, it does parallel VIX trends and cycles. The VXX is also contrarian. There are two charts. The chart on the right will be explained at some future point. The buy and sell signals, though, remain the same and noted on the leftmost chart at the linked page. As you can see, it is being avoided.

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

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

The VIX is the lone NTI bull. It is up 51.1% since the bull signal 9.1-weeks ago. That annualizes at 290.5%. It is drafting bearishly and will probably receive a bear signal this week. It was up 17.69% on yesterday’s stock market bearish aggression. Do not be surprised at VIX bearishness and stock market bullishness in the next few days. If this does not occur, the stock market bear will dominate and be deep for several weeks/months.

The Near-term Indicant is signaling bear for the remaining eleven indices. They are down by an average of 7.6% since their bear signals an average of 7.7-weeks ago.

The Quick-term Indicant signaled no new bulls and two new bears. QTI bear signals this past May were the first since July 2009.

The Quick-term Indicant is signaling bull for four major indices. They are up by an average of 31.2%, annualizing at 33.6%, since their bull signals an average of 48.3-weeks ago.

The Quick-term Indicant is signaling bear for six indices. They are down by an average of 2.4% since their bear signals an average of 7.1-weeks ago. Their recent bullishness remains configured as a bullish spurt and unsustainable, which was obviated this past week and so far this week.

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

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

QTI-Red Bull Count; No non-contrarians; no bullish support.

QTI-Bullish Red Curve Trend; None of the non-contrarians are moving bullishly; no bullish support.

QTI-Yellow Bear Count; Most of the non-contrarians are below the bearish yellow curve, supporting bearish bias.

QTI-Bearish Yellow Curve Trend; Non-bearish minority with four of 11-non-contrarian indices in non-bearish trend, supporting non-bearish bias along this slower cycle. As you can see, it is losing its resistive powers to the bear’s ambition.

The Quick-term Indicant is no longer supportive of the QTI Bull due recent bear signals.

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

NTI-Blue Bull Count; no non-contrarians; no near-term bullish support.

NTI-Bullish Blue Curve Trend; All non-contrarians sloping negatively; no bullish support.

NTI-Bearish Green Curve Trend; All non-contrarians sloping negatively; no non-bearish support.

The Near-term attributes continue inflecting with an increasing bias, favoring the bear. Both NTI Bullish Blue and NTI Bearish Green are sloping south and thus solidly bearish on a near-term basis.

Short-term Force Vectors and Pressure Attributes

STI-Force Vector Domain Position; They are bearishly mature, which continues to offer the bull some measure of responding. It did not do that yesterday or today, but odds favor a bullish response to this onslaught by the bear. The problem is that such a response would be just another bullish spurt.

STI-Force Vector Direction; None of the non-contrarians are moving north, but their maturing nature offers the potential for some bullish behavior. Rather than reversing course, they moved even deeper to the south.

STI-Vector Pressure Trend; None of the non-contrarian indices are moving bullishly; no bullish support.

STI-Vector Pressure Position; Zero non-contrarians are in bullish domains; no sustainable bullish support.

Short-term Market Summary

Short-term attributes are supporting the bear. The mature Force Vectors are proving irrelevant and thus weakening the potential of a bullish spurt response.

-Tangential Protection – None!

-Political Climate – Change: Democrats currently lack 60-Senators. Republicans can now filibuster. That is generally bullish. The problem is that Congress is still working, which is generally bearish.

-Reverse Tangential Bearish Detection – We can now monitor this phenomenon, as we are now enduring a significant Near-term bearish cycle. 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.

Click this sentence to the table, highlighting RTP’s (Reverse Tangential Projections). The values and magnitudes are expressed in the table on the website. Keep in mind there is 100% confidence in these bearish projections. The problem is not knowing when, but odds continue favoring it will occur in this bearish cycle. Political and historical cycles suggest this should manifest before the heart and soul of bullish seasonality this autumn. Much of this depends on political influences. There will be some unfavorable influences. There always is. The question is, when?

The Quick-term bearish yellow curve stands between the above claim and prevailing prices. If prices fall below this bearish yellow curve, the probability of tangential bearishness in this cycle will be high. The Dow Utilities moved toward supporting this phenomenon several weeks ago. A few more major indices joined the Dow Utilities in the past few weeks. The NASDAQ and NASDAQ100 indices succumbed today. This is inspirational to the stock market bear.

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

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

Indicant Volume Indicators

Volume indicators remain lethargic, as the previous robust cycle expired several days ago. Some of this contemporary lethargy is traced to seasonal behavior. The expiring robustness configured during solid bearish expressions during May and early June. Therefore, volume relationships remain biased in favor of the bear. (Recent chronological observations are expressed below in reverse order).

Jun 30, 2010-Wed-Lethargic volume on today’s mild bearishness continues in support of bearish bias.

Jun 29, 2010-Tue-Volume was aggressive on today’s stock market aggression by the bear. Bearish bias prevails and now even more so.

Jun 28, 2010-Mon-Lethargic volume offers the bullish no hope for a sustainable cycle. However, a low volume bullish spurt would not be surprising after last week’s strong bearish behavior.

Jun 25, 2010-Fri-Volume was relatively high due to fund content rotation, as opposed to real stock market interest. Bearish bias remains in tact.

Short-term ETF Report Card, Status, and Charts

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

The Near-term Indicant is signaling hold for five ETF’s. They are up by an average of 6.2%, annualizing at 47.6%, since their buy signals an average of 6.7-weeks ago.

The NTI is avoiding 27-ETF’s. They are down an average of 6.3% since their sell signals an average of 6.2-weeks ago. (VXX was included today in the report card since it is nearly flat with the last signal).

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

The Quick-term Indicant is signaling hold for 13-ETF’s. They are up an average of 21.5% since their buy signals an average of 45.5-weeks ago. Those with hold signals are annualizing at 24.6%.

The Quick-term Indicant is avoiding 17-ETF’s. They are down by an average of 9.3% since their sell signals an average of 8.2-weeks ago. These avoided ETF’s include contrarian QID, which is down 55.9% since its QTI sell signal over a year ago on Mar 26, 2009.

Near-term Indicant ETF Key Attributes

NTI Blue Bull Count; No non-contrarians; no bullish support.

NTI Blue Curve Trend: No non-contrarians are moving north; nearly all have now collapsed.

NTI Green Curve Trend; four non-contrarians are sloping north; some shifted back to the south today, minimizing bullish spurt potential.

Quick-term Indicant ETF Key Attributes

QTI Red Bull Count; no non-contrarians; no bullish support.

QTI Bullish Red Curve Trend; One of the non-contrarians is sloping north and offering minimal protection against the bear.

QTI Bearish Yellow Curve Trend; nine non-contrarians are sloping north, highlighting non-bearishness along a slower moving plane. It is now offering very little resistance to the bear.

The Short-term Indicant ETF Key Attributes:

STI Force Vectors Trend; continues moving south. Their maturity continues offering mild bullish spurt potential, but more sell signals were triggered today in spite of that prognosis.

Vector Pressure Position; Only one non-contrarian remains in bullish domains. Last Monday’s gain of four offered the bull encouragement, but the bear acted strongly to smite the bull.

Vector Pressure Trend; only two of the non-contrarians are moving north. Several shifted back to the south on recent bearish aggression.

Short-term Summary: The bear is too strong to delay sell signals even though a bullish spurt will occur in the next few days. QQQQ fell victim to the Quick-term Bear today. That was its first QTI signal since the buy signal in early April of last year.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell on May 7, 2010. It is down 9.2% since that sell signal. The Quick-term Indicant signaled sell on May 20, 2010, as its price fell below QTI Bearish yellow curve. It is down 4.3% since the QTI sell signal. Force Vectors continue plummeting and obviating solid bearishness. It is currently behaving as a non-contrarian, but historically it is contrarian.

ETF#11-Gold and Precious Metals is up 50.9% since the QTI signaled buy on December 11, 2008. Annualized growth is at 32.4%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $106.50 and still rising.

The Near-term Indicant signaled buy on Mar 2, 2010. It is up 9.6% since that buy signal, annualizing at 28.8%.

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

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

ETF#14-TLT-Long Government received a buy signal from both the Near-term and Quick-term Indicant models on Apr 27, 2010. It is up 11.6% since those buy signals, annualizing at 65.4%. This ETF is increasing its bullish attributes. It is usually contrarian to the overall stock market, which adds to an increased overall stock market bearish prognosis.

The Near-term Indicant signaled buy for ETF#31-QID on Thursday, May 13, 2010. It is up 20.9% since then, annualizing at 156.4%.

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 55.9% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $19.98 and still falling. Do not be surprised at a Quick-term buy signal in the next few days. This and related funds will move nicely to the north on stock market bearishness.

The Near-term Indicant is avoided ETF#32-VXX. Performance data will be updated at the first signal after its inclusion on Jun 29, 2010.

Major ETF Events

Jun 30, 2010-Wed-Force Vectors continue their bearish cycle from a very mature position. This is only encouraging the bear.

Jun 29, 2010-Tue-Rioting Greeks again inspired the stock market bear. Although, the overall stock market remains solidly bearish, potential remains for a bullish spurt.

Jun 28, 2010-Mon-There were several; Democrats no longer enjoy a filibuster-proof majority. That is bullish. Several Vector Pressures crossed into bullish domains. International ETF’s are configuring for a bullish bounce. Two received Near-term and Quick-term buy signals today.

Jun 25, 2010-Fri-Force Vectors are maturing. If they shift back to the north, the bear’s ambition will be delayed/muted.

Current Strategy-Short-term Indicant- Jun 30, 2010-Wed-Although a bullish spurt remains likely, the bear’s dominance disallowed holding QQQQ and other very nicely performing ETF’s. The bear is in charge and holding risks are increasing even with bullish spurt potential. Jun 29, 2010-Tue-Same as yesterday in spite of today’s bearish aggression. Jun 28, 2010-Mon-Do not be surprised at a bullish spurt. It could last up to July 4.

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

06/30/10

June 29, 2010 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

Fortunately, the stock market opened with extreme bearishness today. That facilitated significant discounts on yesterday’s two buy signals. Call options were very cheap early in the day, but not recommended only on bullish spurt potential.

Although the stock market bull should rejoice with filibuster potential in the U.S. Senate, rioting Greeks and superfluous economic reports apparently have more weight. As stated yesterday, potential for a bullish spurt remains in effect. The spurt, so far, is expected to last only a few days.

If no spurt manifests, those two buy signals may receive sell signals, depending on their performance. It will be interesting to see if emerging markets and China can be bullish while Europe and the U.S. are bearish; much like the 1800’s and 1900’s, but in reverse.

Yesterdays’ comments regarding Force Vectors were as follows: “It will be interesting to see how Force Vectors behave on their impending cycle to the north. That will add some obviating elements of directional intensity.” Today’s comments: “They moved more deeply to the south, strengthening the bear’s position. A bullish spurt of two to four days duration remains probable in spite of today’s bearish aggression.”

If Force Vectors continue plummeting, then dynamic bearish behavior should be expected to continue and gain momentum. A bullish spurt in this case would be irrelevant. QID and related such funds will perform exceedingly well with deeper non-contrarian Force Vector behavior.

Well out of the money VIX spreads (sometimes referred to as strangles) for August 2010 expiration should deliver nice profits. The VIX will not be stable for several days.

A new ETF has been added to augment VIX tactics. It is ETF#32, VXX. It is a bit more stable than VIX, but also more predictable relative to stock market expectations. It is currently being avoided by both the Near-term and Quick-term Indicant. It will be handy for trading/tracking/holding when the stock market bear dominates for long periods of time. Although VXX is more stable than the VIX, it does parallel VIX trends and cycles. The VXX is contrarian. There are two charts. The chart on the right will be explained at some future point. The buy and sell signals, though, remain the same and noted on the leftmost chart at the linked page. As you can see, it is currently being avoided.

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

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

The VIX is the lone NTI bull. It is up 50.6% since the bull signal 9.0-weeks ago. That annualizes at 292.3%. It is drafting bearishly and will probably receive a bear signal this week. It was up 17.69% on today’s stock market bearish aggression. Do not be surprised at VIX bearishness and stock market bullishness in the next few days. If this does not occur, the stock market bear will dominate and be deep for several weeks/months.

The Near-term Indicant is signaling bear for the remaining eleven indices. They are down by an average of 6.7% since their bear signals an average of 7.5-weeks ago.

The Quick-term Indicant signaled no new bulls and no new bears. QTI bear signals this past May were the first since July 2009.

The Quick-term Indicant is signaling bull for six major indices. They are up by an average of 31.1%, annualizing at 30.5%, since their bull signals an average of 53.2-weeks ago.

The Quick-term Indicant is signaling bear for six indices. They are up by an average of 1.5% since their bear signals an average of 7.0-weeks ago. Their recent bullishness remains configured as a bullish spurt and unsustainable, which was obviated this past week and so far this week.

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

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

QTI-Red Bull Count; No non-contrarians; no bullish support.

QTI-Bullish Red Curve Trend; None of the non-contrarians are moving bullishly; no bullish support.

QTI-Yellow Bear Count; One of the non-contrarians is below the bearish yellow curve, but bearish gravitational forces continue.

QTI-Bearish Yellow Curve Trend; Non-bearish minority with five of 11-non-contrarian indices in non-bearish trend, supporting non-bearish bias along this slower cycle. However, even this strong resistance point is losing its capacity to do so, although recently offering some resistance to bearish ambition.

The Quick-term Indicant is no longer supportive of the QTI Bull due recent bear signals.

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

NTI-Blue Bull Count; no non-contrarians; no near-term bullish support.

NTI-Bullish Blue Curve Trend; All non-contrarians sloping negatively; no bullish support.

NTI-Bearish Green Curve Trend; All non-contrarians sloping negatively; no non-bearish support.

The Near-term attributes continue inflecting with an increasing bias, favoring the bear. Both NTI Bullish Blue and NTI Bearish Green are sloping south and thus solidly bearish on a near-term basis.

Short-term Force Vectors and Pressure Attributes

STI-Force Vector Domain Position; They are bearishly mature, which continues to offer the bull some measure of responding. It did not do that today, but odds favor a bullish response to this onslaught by the bear.

STI-Vector Pressure Trend; None of the non-contrarian indices are moving bullishly; no bullish support.

STI-Vector Pressure Position; Zero non-contrarians are in bullish domains; no sustainable bullish support.

Short-term Market Summary

Short-term attributes are supporting the bear. Configurations are interesting. Force Vectors finally fell below Pressure and into bearish domains. If they continue moving south, expect a dynamic bear. If they redirect back to the north and elevate Pressure into bearish domains, bearish aggression will be muted. They appear to be preparing to support a mild bullish response.

-Tangential Protection – None!

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

Indicant Volume Indicators

Jun 29, 2010-Tue-Volume was aggressive on today’s stock market aggression by the bear. Bearish bias prevails and now even more so.

Jun 28, 2010-Mon-Lethargic volume offers the bullish no hope for a sustainable cycle. However, a low volume bullish spurt would not be surprising after last week’s strong bearish behavior.

Jun 25, 2010-Fri-Volume was relatively high due to fund content rotation, as opposed to real stock market interest. Bearish bias remains in tact.

Short-term ETF Report Card, Status, and Charts

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

The Near-term Indicant is signaling hold for five ETF’s. They are up by an average of 5.6%, annualizing at 44.3%, since their buy signals an average of 6.6-weeks ago.

The NTI is avoiding 26-ETF’s. They are down an average of 5.6% since their sell signals an average of 6.3-weeks ago.

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

The Quick-term Indicant is signaling hold for 15-ETF’s. They are up an average of 23.3% since their buy signals an average of 47.9-weeks ago. Those with hold signals are annualizing at 25.3%.

The Quick-term Indicant is avoiding 16-ETF’s. They are down by an average of 4.8% since their sell signals an average of 8.6-weeks ago. These avoided ETF’s include contrarian QID, which is down 57.2% since its QTI sell signal over a year ago on Mar 26, 2009.

Near-term Indicant ETF Key Attributes

NTI Blue Bull Count; No non-contrarians; no bullish support.

NTI Blue Curve Trend: Ten non-contrarians moving north; over half of the NTI Blues collapsed.

NTI Green Curve Trend; six non-contrarians are sloping north; six shifted north the past two days, offering bullish spurt potential. That potential still exists.

Quick-term Indicant ETF Key Attributes

QTI Red Bull Count; no non-contrarians; no bullish support.

QTI Bullish Red Curve Trend; Two of the non-contrarians are sloping north and again protecting against bearish ambition.

QTI Bearish Yellow Curve Trend; ten non-contrarians are sloping north, highlighting non-bearishness along a slower moving plane. Its resistance is building non-bearish momentum and still does so in spite of today’s bearish aggression.

The Short-term Indicant ETF Key Attributes:

STI Force Vectors Trend; continues moving south, but their maturity is offering bullish spurt potential, which subsists in spite of today’s bearish aggression.

STI Force Vector Position; none of the non-contrarians are populating bullish domains, offering no bullish support. Force Vectors continue their decline. If Force does not continue its decline, then bearish prognoses may be adjusted. They are no longer configuring for aggressive bearishness in spite of today’s bearish aggression.

Vector Pressure Position; Only one non-contrarian remains in bullish domains. Yesterday’s gain of four offered the bull encouragement, but the bear acted strongly to smite the bull.

Vector Pressure Trend; only two of the non-contrarians are moving north. Several shifted back to the south on today’s bearish aggression and dampening yesterday’s non-bearish to bullish hope.

Short-term Summary: Yesterday’s comment was: “A mild shift from strong bearish support to non-bearish/bullish support has been detected.” The bear apparently found that commentary offensive, but the statement remains true.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell on May 7, 2010. It is down 8.5% since that sell signal. The Quick-term Indicant signaled sell on May 20, 2010, as its price fell below QTI Bearish yellow curve. It is down 3.6% since the QTI sell signal. Force Vectors continued plummeting and obviating solid bearishness.

ETF#11-Gold and Precious Metals is up 50.4% since the QTI signaled buy on December 11, 2008. Annualized growth is at 32.1%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $106.38 and still rising.

The Near-term Indicant signaled buy on Mar 2, 2010. It is up 9.2% since that buy signal, annualizing at 27.9%.

A stock market bullish spurt may suck some of the life out of the gold bull, but continue holding unless bearish yellow is threatened.

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

ETF#14-TLT-Long Government received a buy signal from both the Near-term and Quick-term Indicant models on Apr 27, 2010. It is up 10.9% since those buy signals, annualizing at 62.1%. This ETF is increasing its bullish attributes. It is usually contrarian to the overall stock market, which adds to an increased overall stock market bearish prognosis. However, a bullish stock market spurt may induce profit taking from this fund.

The Near-term Indicant signaled buy for ETF#31-QID on Thursday, May 13, 2010. It is up 17.2% since then, annualizing at 131.6%.

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 57.2% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $20.01 and still falling. Its rate of decline is slowing to less than a nickel per day.

The Near-term Indicant is avoided ETF#32-VXX. Performance data will be updated at the first signal after today.

Major ETF Events

Jun 29, 2010-Tue-Rioting Greeks again inspired the stock market bear. Although, the overall stock market remains solidly bearish, potential remains for a bullish spurt.

Jun 25, 2010-Fri-Force Vectors are maturing. If they shift back to the north, the bear’s ambition will be delayed/muted.

Current Strategy-Short-term Indicant- Jun 29, 2010-Tue-Same as yesterday in spite of today’s bearish aggression. Jun 28, 2010-Mon-Do not be surprised at a bullish spurt. It could last up to July 4.

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

06/29/10

June 28, 2010 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

Do not be surprised at a bullish spurt, lasting at least up to July 4. The stock market bull should rejoice with the democrats losing a filibuster-proof Senate today. That should be bullish at best; non-bearish at worse for a few days. Congress will recess and that could foment yet more bullishness ahead of the lazy-hazy summer time doldrums.

Two international ETF’s received buy signals today. Maybe the rest of the world has gained enough momentum to propel capitalism, while the U.S. moves southerly on that front.

You will notice a verbiage shift in this report with some mild bullish optimism. Force Vectors are maturing with increasing Vector Pressure. This is increasing bullish potential on the near-term cycle.

It will be interesting to see how Force Vectors behave on their impending cycle to the north. That will add some obviating elements of directional intensity.

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

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

The VIX is the lone NTI bull. It is up 27.4% since the bull signal 8.9-weeks ago. That annualizes at 160.6%. It is drafting bearishly and will probably receive a bear signal this week.

The Near-term Indicant is signaling bear for the remaining eleven indices. They are down by an average of 3.5% since their bear signals an average of 7.4-weeks ago.

The Quick-term Indicant signaled no new bulls and no new bears. QTI bear signals this past May were the first since July 2009.

The Quick-term Indicant is signaling bull for six major indices. They are up by an average of 31.4%, annualizing at 30.8%, since their bull signals an average of 53.0-weeks ago.

The Quick-term Indicant is signaling bear for six indices. They are up by an average of 1.3% since their bear signals an average of 6.8-weeks ago. Their recent bullishness remains configured as a bullish spurt and unsustainable, which was obviated this past week.

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

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

QTI-Red Bull Count; No non-contrarians; no bullish support.

QTI-Bullish Red Curve Trend; Five non-contrarians moving bullishly; weakening bullish support.

QTI-Yellow Bear Count; One of the non-contrarians is below the bearish yellow curve, but bearish gravitational forces continue.

The Quick-term Indicant is no longer supportive of the QTI Bull due recent bear signals.

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

NTI-Blue Bull Count; no non-contrarians; no near-term bullish support.

NTI-Bullish Blue Curve Trend; All non-contrarians sloping negatively; no bullish support.

NTI-Bearish Green Curve Trend; All non-contrarians sloping negatively; no non-bearish support.

The Near-term attributes continue inflecting with an increasing bias, favoring the bear. Both NTI Bullish Blue and NTI Bearish Green are sloping south and thus solidly bearish on a near-term basis.

Short-term Force Vectors and Pressure Attributes

STI-Force Vector Domain Position; They are bearishly mature, offering the bull an opportunity to take advantage.

STI-Force Vector Direction; None of the non-contrarians are moving north, but their maturing nature offers the potential for some bullish behavior.

STI-Vector Pressure Trend; Three of the non-contrarian indices are moving bullishly; no bullish support.

STI-Vector Pressure Position; Zero non-contrarians are in bullish domains; no sustainable bullish support.

Short-term Market Summary

-Tangential Protection – None!

-Political Climate – Change: Democrats currently lack 60-Senators. Republicans can now filibuster. That is generally bullish.

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

Indicant Volume Indicators

Jun 28, 2010-Mon-Lethargic volume offers the bullish no hope for a sustainable cycle. However, a low volume bullish spurt would not be surprising after last week’s strong bearish behavior.

Jun 25, 2010-Fri-Volume was relatively high due to fund content rotation, as opposed to real stock market interest. Bearish bias remains in tact.

Short-term ETF Report Card, Status, and Charts

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

The Near-term Indicant is signaling hold for three ETF’s. They are up by an average of 9.2%, annualizing at 44.6%, since their buy signals an average of 10.8-weeks ago.

The NTI is avoiding 26-ETF’s. They are down an average of 2.5% since their sell signals an average of 6.1-weeks ago.

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

The Quick-term Indicant is signaling hold for 13-ETF’s. They are up an average of 31.5% since their buy signals an average of 55.1-weeks ago. Those with hold signals are annualizing at 29.7%.

The Quick-term Indicant is avoiding 16-ETF’s. They are down by an average of 2.2% since their sell signals an average of 8.4-weeks ago. These avoided ETF’s include contrarian QID, which is down 60.2% since its QTI sell signal over a year ago on Mar 26, 2009.

Near-term Indicant ETF Key Attributes

NTI Blue Bull Count; Only one non-contrarian; limited bullish support.

NTI Blue Curve Trend: All non-contrarians moving north, offering bullish spurt potential.

NTI Green Curve Trend; two non-contrarians are sloping north; they shifted north today and offers bullish spurt potential.

Quick-term Indicant ETF Key Attributes

QTI Red Bull Count; no non-contrarians; no bullish support.

QTI Bullish Red Curve Trend; Two of the non-contrarians are sloping north and again protecting against bearish ambition.

QTI Bearish Yellow Curve Trend; nine non-contrarians are sloping north, highlighting non-bearishness along a slower moving plane. Its resistance is building non-bearish momentum.

The Short-term Indicant ETF Key Attributes:

STI Force Vectors Trend; continues moving south, but their maturity is offering bullish spurt potential.

STI Force Vector Position; only three non-contrarians are populating bullish domains, offering minimal bullish support. Force Vectors continue their decline. If Force does not continue its decline, then bearish prognoses may be adjusted. They are no longer configuring for aggressive bearishness.

Vector Pressure Position; Five non-contrarians moved into bullish domains, offering the bull some encouragement.

Vector Pressure Trend; 25-of the non-contrarians are moving north and now offering non-bearish to bullish hope.

Short-term Summary: A mild shift from strong bearish support to non-bearish/bullish support has been detected.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell on May 7, 2010. It is down 5.4% since that sell signal. The Quick-term Indicant signaled sell on May 20, 2010, as its price fell below QTI Bearish yellow curve. It is down 0.3% since the QTI sell signal. It will be interesting to see if Force Vectors continue plummeting. The cycle is mature and configuring for a potential bullish bounce.

ETF#11-Gold and Precious Metals is up 50.1% since the QTI signaled buy on December 11, 2008. Annualized growth is at 32.0%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $106.25 and still rising.

The Near-term Indicant signaled buy on Mar 2, 2010. It is up 9.1% since that buy signal, annualizing at 27.7%.

A stock market bullish spurt may suck some of the life out of the gold bull, but continue holding unless bearish yellow is threatened.

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

ETF#14-TLT-Long Government received a buy signal from both the Near-term and Quick-term Indicant models on Apr 27, 2010. It is up 9.7% since those buy signals, annualizing at 56.2%. This ETF is increasing its bullish attributes. It is usually contrarian to the overall stock market, which adds to an increased overall stock market bearish prognosis. However, a bullish stock market spurt may induce profit taking from this fund.

The Near-term Indicant signaled buy for ETF#31-QID on Thursday, May 13, 2010. It is up 8.9% since then, annualizing at 69.9%.

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 60.2% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $20.05 and still falling. Its rate of decline is slowing to less than a nickel per day.

Major ETF Events

Jun 25, 2010-Fri-Force Vectors are maturing. If they shift back to the north, the bear’s ambition will be delayed/muted.

Current Strategy-Short-term Indicant- Jun 28, 2010-Mon-Do not be surprised at a bullish spurt. It could last up to July 4.

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

06/28/10

June 25, 2010 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

As stated the past several days, the only remaining short-term attribute offering potential resistance to the stock market bear is the Quick-term Bearish Yellow Curve. The bull successfully argued with bearish ambition the week before last, but lost substance this past week.

Minor convergence is occurring. It is better to avoid transactions with Force Vector cycle maturing. The bear will gain momentum if they continue moving south, while the bear’s ambition will be delayed if they shift back to the north.

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

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

The VIX is the lone NTI bull. It is up 23.8% since the bull signal 8.4-weeks ago. That annualizes at 146.7%.

The Near-term Indicant is signaling bear for the remaining eleven indices. They are down by an average of 3.4% since their bear signals an average of 7.0-weeks ago.

The Quick-term Indicant signaled no new bulls and no new bears. QTI bear signals this past May were the first since July 2009.

The Quick-term Indicant is signaling bull for six major indices. They are up by an average of 31.1%, annualizing at 30.8%, since their bull signals an average of 52.6-weeks ago.

The Quick-term Indicant is signaling bear for six indices. They are up by an average of 1.4% since their bear signals an average of 6.4-weeks ago. Their recent bullishness remains configured as a bullish spurt and unsustainable, which was obviated this past week.