Mar 31, 2011 Indicant Daily Stock Market Report
Volume 03, Issue 23 ISSN 1526 6516 QT/ST
©
The Indicant Stock Market Report
Short-term Indicant Stock Market Report - Summary
Several attributes
suggest continuing indecisiveness on stock market directional intensity.
The Dow Utilities fell below QTI Bullish Red Curve after climbing above on
Wednesday. It did same last Monday and Tuesday.
QID Force Vector is
bearishly mature. It should start to rise soon; very soon.
VIX/VXX Force Vectors
are already rising, suggesting an undercurrent of their bullishness and
the stock market being bearish.
TLT Force Vector is
bearishly mature and its NTI bullish blue curve is rising. That is a
bullish configuration.
Major indices’ Force
Vectors are bullishly mature. That suggests retreat is nearing. However,
some are vacillating, which threatens any bearish commentary contained
herein.
Volume continues
expressing limited stock market interest.
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.
All
Force Vectors are in bullish domains and higher than Pressure. Very few
attributes remain in support of the Near-term bear signal. As previously
stated, some attributes supporting bearish inclinations persist. They are
weakening, though, but not enough to generate bull signals.
The
Near-term Indicant is signaling bull for contrarian VIX, only. It is down
14.1% since its bull signal 3.3-weeks ago. It was up over 8% on Monday,
down over 6% Tuesday, down another 2.2% on Wednesday, and up fractionally
today after falling over 50% in the prior seven trading days. As stated
one week ago, it is nestled right on top of NTI Green, which is a solid
bouncing point. It is refusing to fall below NTI Green and it is refusing
to bounce. More bounce is needed to conquer overall stock market bullish
aspirations. Also, it did not fall far enough to support stock market
bullishness.
The
Near-term Indicant is signaling bear for all eleven major non-contrarian
indices. They are up by an average of 3.8% since their bear signals
2.6-weeks ago.
The
Quick-term Indicant continues signaling bull for ten major non-contrarian
indices and contrarian VIX. They are up by an average of 17.0% since their
bull signals an average of 25.9-weeks ago, annualizing at 34.0%.
The
Quick-term Indicant is signaling bear for the weak Dow Utilities. It is up
2.1% since its bear signal on Mar 15, 2011. It remains as the only major
index with negative (bearish) Vector Pressure.
Short-term Market
Summary
Ten
non-contrarian Red Bull configuration remains supportive of the Quick-term
bull cycle. Utilities crossed above Red twice this week and the next day
fell below Red. It is apparently uncomfortable with being a Red Bull.
The
major indices remain with relatively high Pressure, but the Dow Utilities.
However, Utilities must also generate bullish pressure to inspire the bull
enough to generate Near-term bull signals.
As
stated last week, “Force Vectors are moving in a bullish cycle. They are
now (last Friday) bullishly mature. They should shift back to the south
early next week.” Force Vectors dipped slightly last Tuesday, but moved
laterally the past two days. If they do not dip back to the south in a day
or two, then bullish expectations would not be out of line.
The
short-term inflection relates to the conflict between the VIX and the
S&P500 Force Vectors. VIX’s Force shifted to the north the past four days
while the S&P500 moved laterally to mildly north. That offers a tad bit of
advantage to the bull. As stated the past three days, since the advantage
is a “tad bit” the bear signals are retained for the major indices.
Indicant Volume Indicators
The NASDAQ IVI
crossed into high activity domains on Mar 21, 2011. Although the NYSE
Indicant Volume Indicator remains in low interest domains, it is moving
robustly. There is an increasing interest in the stock market. Some could
argue that the earthquake and tsunami did not throw the stock market into
a nasty bearish slide, which is bullish to many. However, the NYSE IVI
recent robustness correlates very well with stock market bearishness.
Statistical bias favors short-term bearishness as opposed to belief
systems.
Mar
31, 2011-Thu-Volume was up on mild/bearish behavior. Stock market
inflection point now underway.
Mar
30, 2011-Wed-Volume was up mildly on mold bullish behavior, but it remains
depressed. Favorable economic news did not trigger increased stock market
news.
Mar
29, 2011-Tue-Mild volume on mild bullishness obviates limited commitment
on bullish or bearish direction.
Mar
28, 2011-Mon-Low volume on mild bearishness suggests continuing lack of
commitment on any directional intensity.
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, consisting of a
combination of contrarians and non-contrarians. They are up by an average
of 15.9% since their buy signals an average of 17.3-weeks ago. This
annualizes at 47.6%.
The
NTI is avoiding 23-ETF’s. They are up by an average of 3.6% since their
sell signals an average of 3.4-weeks ago.
The
Quick-term Indicant generated no buy signals and no sell signals.
The
Quick-term Indicant is signaling hold for 31-ETF’s. They are up 21.3%
since their buy signals an average of 32.9-weeks ago. This annualizes at
33.6%. The Quick-term Indicant is signaling hold for both contrarian and
non-contrarian ETF’s. That combination of hold signals will not last too
long. That conflict should find relief within days from now. The stock
market’s indecisiveness on directional intensity continues to defer the
content of the prior sentence.
The
Quick-term Indicant is avoiding one ETF. It is
ETF-EWJ#06-Japan.
It is up 2.6% since the QTI signaled sell on Mar 14, 2011, although down
6.2% since the Near-term Indicant signaled sell on March 10, 2011.
Technically, the Near-term Indicant is not supporting a bullish bounce for
EWJ at this time. EWJ has not endured solid bearishness, offering
significant resilience against justified dynamic bearishness. It was
solidly bearish today, after yesterday’s mild bullish behavior, but
following several days of mild bearishness.
Short-term Summary: Force Vectors shifted in favor of bullish support last
Thu. There are just few more attributes requiring adjustment to offer
complete bullish support.
Contrarian Funds
ETF#03-Natural Resources.
The
Near-term and Quick-term Indicant signaled buy on Sep 15, 2010. It is up
47.7%, annualizing at 87.2% since then. This ETF remains with Red Bull
status, mitigating sustainable bearish threats. The “energy bear” cannot
find sustainable forces with current bullish attributes. Force remains in
bullish domains, supporting bullish position, but it is now starting to
decline, but non-threatening to this strong bull.
ETF#11-Gold and Precious Metals
is
up 73.4% 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 $126.05 and still rising. Being
patient here is important since your buy price approximates $80.65 versus
today’s closing price of $139.86.
The
Near-term Indicant signaled buy on Feb 18, 2011. It is up 3.3% since then,
annualizing at 28.9%.
Near-term attributes for next sell signal will be price below NTI Blue
with negative Vector Pressure. Price is above NTI Blue and Pressure
remains positive. Force fell into bearish domains yesterday, did not like
that, and climbed back into bullish domains today.
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 from both the Quick-term Indicant and Short-term
Indicant on Mar 10, 2011 after falling over 8.0% from its Quick-term sell
signal on Oct 14, 2010 and basically flat since the Near-term sell signal
on Nov 15, 2010. It is no longer a Yellow Bear and too many attributes are
shifting in favor of bullish behavior. It is up 0.1% since buy signals on
Mar 10, 2011, annualizing at 1.0%. Its bullish configuration and
contrarian nature suggest the stock market bear is not through with its
shenanigans. It was mildly bearish today.
The
Near-term Indicant and Quick-term Indicant signaled buy on Mar 10, 2011
for
ETF#31-QID.
It
was down over 30.0% since its October 14, 2010 sell signal. The overall
stock market is somewhat supportive of QID’s bullish desires. It is down
5.3% since the Mar 10, 2011 buy signal. Its cycle of Force is bearishly
mature, suggesting a bullish response is nearing.
The
Quick-term and Near-term Indicant signaled buy on Mar 10, 2011 for
ETF#32-VXX.
It was down over 55.5% since its prior Near-term Indicant sell signal on
Sep 2, 2010. Its Pressure is now positioned to offer a bullish expression
on a short-term horizon. It is down 13.4% since the Mar 10 buy signal. Its
Force Vector fell into bearish domains on Mar 23, threatening the hold
signal. The Force Vector is bearishly mature, suggesting a bullish bounce
is imminent and potentially very powerful. This ETN does not track well
with VIX.
Major ETF Events
Mar 31,
2011-Thu-Utilities fell below QTI Bullish Red today after climbing above
yesterday. That is the second time this occurred this week.
Mar 30,
2011-Wed-Contrarian TLT was not contrarian. It has a bullish configuration
and it is contrarian, which means the stock market should be molested by
the bear.
Mar 29,
2011-Tue-Force Vectors did not shift south. A few more days with that
configuration will inspire the stock market bull.
Mar 28, 2011-Mon-None
Current Strategy-Short-term Indicant- Mar 31, 2011.
Expected bearish behavior was countered by mild bullishness this past Tue
and Wed. Mild bearishness today is consistent with the short-term
attributes. This inflection period of indecisiveness should conclude soon.
-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
03/31/2011
Mar 30, 2011 Indicant Daily Stock Market Report
Volume 03, Issue 22 ISSN 1526 6516 QT/ST
©
The Indicant Stock Market Report
Short-term Indicant Stock Market Report - Summary
As stated the past
two days, the three attributes discussed last week continue with near
perturbation. VIX Force started increasing, as expected. VIX was bullish
by over 8.0% on Monday, down over 6% on Tuesday and down over 2% today.
However, its Force Vector continues moving north, although passively.
Utilities remains in
bullish domains. The NASDAQ is currently on the line of demarcation
between bull and bear domains.
Volume remains
unsupportive of bull or bear.
VIX’s configuration
remains somewhat bullish and thus bearish for the stock market. The major
indices are configured with support for the bull. In essence we are
enduring a brief period of perturbation. If the VIX is not aggressively
bullish in the next day or two and major index Force Vectors do not fall
into bearish domains, a renewed near-term bullish cycle should manifest.
The VIX green curve continues offering resistance to its bearishness.
If the VIX Force
continues rising and aggressively propelling it higher, the Near-term
bearish cycle should gain some momentum.
Keep in mind, though,
the Quick-term bullish cycle remains in tact. It will remain so as long as
prices remain above QTI bearish yellow curves.
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.
All
Force Vectors are in bullish domains and higher than Pressure. Very few
attributes remain in support of the Near-term bear signal. As previously
stated, some attributes supporting bearish inclinations persist. They are
weakening, though, but not enough to generate bull signals.
The
Near-term Indicant is signaling bull for contrarian VIX, only. It is down
14.2% since its bull signal 3.2-weeks ago. It was up over 8% on Monday,
down over 6% yesterday, and down another 2.2% today after falling over 50%
in the prior seven trading days. As stated this past Thursday, it is
nestled right on top of NTI Green, which is a solid bouncing point. It is
refusing to fall below NTI Green. More bounce is needed to conquer overall
stock market bullish aspirations. Also, it did not fall far enough to
support stock market bullishness.
The
Near-term Indicant is signaling bear for all eleven major non-contrarian
indices. They are up by an average of 3.8% since their bear signals
2.5-weeks ago.
The
Quick-term Indicant continues signaling bull for ten major non-contrarian
indices and contrarian VIX. They are up by an average of 16.9% since their
bull signals an average of 25.8-weeks ago, annualizing at 34.0%.
The
Quick-term Indicant is signaling bear for the weak Dow Utilities. It is up
2.4% since its bear signal on Mar 15, 2011. It remains as the only major
index with negative (bearish) Vector Pressure.
Short-term Market
Summary
Eleven non-contrarian Red Bull configuration remains supportive of the
Quick-term bull cycle.
The
major indices remain with relatively high Pressure, but the Dow Utilities.
However, Utilities must also generate bullish pressure to inspire the bull
enough to generated Near-term bull signals.
As
stated last week, “Force Vectors are moving in a bullish cycle. They are
now (last Friday) bullishly mature. They should shift back to the south
early next week.” Force Vectors dipped slightly yesterday, but moved
laterally today. If they do not dip back to the south in a day or two,
then bullish expectations would not be out of line.
The
short-term inflection relates to the conflict between the VIX and the
S&P500 Force Vectors. VIX’s Force shifted to the north the past three days
while the S&P500 moved laterally to mildly north. That offers a tad bit of
advantage to the bull. As stated the past two days, since the advantage is
a “tad bit” the bear signals are retained for the major indices.
Indicant Volume Indicators
The NASDAQ IVI
crossed into high activity domains on Mar 21, 2011. Although the NYSE
Indicant Volume Indicator remains in low interest domains, it is moving
robustly. There is an increasing interest in the stock market. Some could
argue that the earthquake and tsunami did not throw the stock market into
a nasty bearish slide, which is bullish to many. However, the NYSE IVI
recent robustness correlates very well with stock market bearishness.
Statistical bias favors short-term bearishness as opposed to belief
systems.
Mar
30, 2011-Wed-Volume was up mildly on mold bullish behavior, but it remains
depressed. Favorable economic news did not trigger increased stock market
news.
Mar
29, 2011-Tue-Mild volume on mild bullishness obviates limited commitment
on bullish or bearish direction.
Mar
28, 2011-Mon-Low volume on mild bearishness suggests continuing lack of
commitment on any directional intensity.
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, consisting of a
combination of contrarians and non-contrarians. They are up by an average
of 15.7% since their buy signals an average of 17.2-weeks ago. This
annualizes at 47.4%.
The
NTI is avoiding 23-ETF’s. They are up by an average of 3.5% 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 31-ETF’s. They are up 21.1%
since their buy signals an average of 32.8-weeks ago. This annualizes at
33.5%. The Quick-term Indicant is signaling hold for both contrarian and
non-contrarian ETF’s. That combination of hold signals will not last too
long. That conflict should find relief within days from now. The stock
market’s indecisiveness on directional intensity continues to defer the
content of the prior sentence.
The
Quick-term Indicant is avoiding one ETF. It is
ETF-EWJ#06-Japan.
It is up 4.0% since the QTI signaled sell on Mar 14, 2011, although down
4.4% since the Near-term Indicant signaled sell on March 10, 2011.
Technically, the Near-term Indicant is not supporting a bullish bounce for
EWJ at this time. EWJ has not endured solid bearishness, offering
significant resilience against justified dynamic bearishness. It was
mildly bullish today, following several days of mild bearishness.
Short-term Summary: Force Vectors shifted in favor of bullish support last
Thu. There are just few more attributes to offer complete bullish support.
Contrarian Funds
ETF#03-Natural Resources.
The
Near-term and Quick-term Indicant signaled buy on Sep 15, 2010. It is up
48.3%, annualizing at 88.5% since then. This ETF remains with Red Bull
status, mitigating sustainable bearish threats. The “energy bear” cannot
find sustainable forces with current bullish attributes. Force remains in
bullish domains, supporting bullish position, but it is now starting to
decline, but non-threatening to this strong bull.
ETF#11-Gold and Precious Metals
is
up 71.9% since the QTI signaled buy on December 11, 2008. Annualized
growth is at 30.9%. Bearish yellow is a good price to set stop losses for
a longer-term hold position, which is at $125.95 and still rising. Being
patient here is important since your buy price approximates $80.65 versus
today’s closing price of $138.67.
The
Near-term Indicant signaled buy on Feb 18, 2011. It is up 2.4% since then,
annualizing at 21.7%.
Near-term attributes for next sell signal will be price below NTI Blue
with negative Vector Pressure. Price is again below NTI Blue but Pressure
remain ns positive. Force fell into bearish domains today.
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 from both the Quick-term Indicant and Short-term
Indicant on Mar 10, 2011 after falling over 8.0% from its Quick-term sell
signal on Oct 14, 2010 and basically flat since the Near-term sell signal
on Nov 15, 2010. It is no longer a Yellow Bear and too many attributes are
shifting in favor of bullish behavior. It is up 0.3% since buy signals on
Mar 10, 2011. Its bullish configuration and contrarian nature suggest the
stock market bear is not through with its shenanigans. It was not
contrarian today, as its bullish behavior paralleled that of the stock
market.
The
Near-term Indicant and Quick-term Indicant signaled buy on Mar 10, 2011
for
ETF#31-QID.
It
was down over 30.0% since its October 14, 2010 sell signal. The overall
stock market is somewhat supportive of QID’s bullish desires. It is down
5.0% since the Mar 10, 2011 buy signal. Its cycle of Force is bearishly
mature, suggesting a bullish response is nearing.
The
Quick-term and Near-term Indicant signaled buy on Mar 10, 2011 for
ETF#32-VXX.
It was down over 55.5% since its prior Near-term Indicant sell signal on
Sep 2, 2010. Its Pressure is now positioned to offer a bullish expression
on a short-term horizon. It is down 13.2% since the Mar 10 buy signal. Its
Force Vector fell into bearish domains on Mar 23, threatening the hold
signal. The Force Vector is bearishly mature, suggesting a bullish bounce
is imminent and potentially very powerful.
Major ETF Events
Mar 30,
2011-Wed-Contrarian TLT was not contrarian. It has a bullish configuration
and it is contrarian, which means the stock market should be molested by
the bear.
Mar 29,
2011-Tue-Force Vectors did not shift south. A few more days with that
configuration will inspire the stock market bull.
Mar 28, 2011-Mon-None
Current Strategy-Short-term Indicant- Mar 30, 2011.
Expected bearish behavior was countered by mild bullishness the past two
days. This inflection period of indecisiveness should conclude soon.
-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
03/30/2011
Mar 29, 2011 Indicant Daily Stock Market Report
Volume 03, Issue 21 ISSN 1526 6516 QT/ST
©
The Indicant Stock Market Report
Short-term Indicant Stock Market Report - Summary
As stated yesterday,
the three attributes discussed last week continue with near perturbation.
VIX Force started increasing, as expected. VIX was bullish by over 8.0%
yesterday and down over 6% today. However, its Force Vector continues
moving north, although passively.
NASDAQ Pressure
remains in bearish domains. It is the only major index enduring that
bearish configuration.
Volume remains
unsupportive of bull or bear.
VIX’s configuration
is somewhat bullish and thus bearish for the stock market. The major
indices are configured with support for the bull. In essence we are
enduring a brief period of perturbation. If the VIX is not aggressively
bullish in the next day or two and major index Force Vectors do not fall
into bearish domains, a renewed near-term bullish cycle should manifest.
If the VIX Force
continues rising and aggressively propelling it higher, the Near-term
bearish cycle should gain some momentum.
Keep in mind, though,
the Quick-term bullish cycle remains in tact. It will remain so as long as
prices remain above QTI bearish yellow curves.
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.
All
Force Vectors are in bullish domains and higher than Pressure. Very few
attributes remain in support of the Near-term bear signal. As previously
stated, attributes supporting bearish inclinations persist. They are
weakening, though, but not enough to generate bull signals.
The
Near-term Indicant is signaling bull for contrarian VIX, only. It is down
12.1% since its bull signal 3.1-weeks ago. It was up over 8% yesterday and
down over 6% today after falling over 50% in the prior seven trading days.
As stated this past Thursday, it is nestled right on top of NTI Green,
which is a solid bouncing point. It bounced softly to the north yesterday
and today’s VIX bearishness was not enough to shove below NTI Green. More
bounce is needed to conquer overall stock market bullish aspirations.
Also, it did not fall far enough to support stock market bullishness.
The
Near-term Indicant is signaling bear for all eleven major non-contrarian
indices. They are up by an average of 3.0% since their bear signals
2.4-weeks ago.
The
Quick-term Indicant continues signaling bull for ten major non-contrarian
indices and contrarian VIX. They are up by an average of 16.3% since their
bull signals an average of 25.7-weeks ago, annualizing at 33.0%.
The
Quick-term Indicant is signaling bear for the weak Dow Utilities. It is up
1.3% since its bear signal on Mar 15, 2011. It remains as the only major
index with negative (bearish) Vector Pressure.
Short-term Market
Summary
Ten
non-contrarian Red Bull configuration remains supportive of the Quick-term
bull cycle.
The
major indices remain with relatively high Pressure, but the Dow Utilities.
The NASDAQ and NAS100 are again with positive Pressure. However, Utilities
must also generate bullish pressure to inspire the bull.
As
stated last week, “Force Vectors are moving in a bullish cycle. They are
now (last Friday) bullishly mature. They should shift back to the south
early next week.” Force Vectors dipped slightly yesterday, but moved
laterally today. If they do not dip back to the south in a day or two,
then bullish expectations would not be out of line.
The
short-term inflection relates to the conflict between the VIX and the
S&P500 Force Vectors. VIX’s Force shifted to the north the past two days
while the S&P500 moved laterally to mildly north. That offers a tad bit of
advantage to the bull. As stated yesterday, since the advantage is a “tad
bit” the bear signals were retained.
Indicant Volume Indicators
Volume is finally
increasing. Unfortunately, this change in cycle correlates with bearish
aggression. That is, indeed, bearish.
The NASDAQ IVI
crossed into high activity domains on Mar 21, 2011. Although the NYSE
Indicant Volume Indicator remains in low interest domains, it is moving
robustly. There is an increasing interest in the stock market. Some could
argue that the earthquake and tsunami did not throw the stock market into
a nasty bearish slide, which is bullish to many. However, the NYSE IVI
recent robustness correlates very well with stock market bearishness.
Statistical bias favors short-term bearishness as opposed to belief
systems.
Mar
29, 2011-Tue-Mild volume on mild bullishness obviates limited commitment
on bullish or bearish direction.
Mar
28, 2011-Mon-Low volume on mild bearishness suggests continuing lack of
commitment on any directional intensity.
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, consisting of a
combination of contrarians and non-contrarians. They are up by an average
of 15.0% since their buy signals an average of 17.0-weeks ago. This
annualizes at 45.6%.
The
NTI is avoiding 23-ETF’s. They are up by an average of 2.5% 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 31-ETF’s. They are up 20.1%
since their buy signals an average of 32.6-weeks ago. This annualizes at
32.0%. The Quick-term Indicant is signaling hold for both contrarian and
non-contrarian ETF’s. That combination of hold signals will not last too
long. That conflict should find relief within days from now. The stock
market’s indecisiveness on directional intensity continues to defer the
content of the prior sentence.
The
Quick-term Indicant is avoiding one ETF. It is
ETF-EWJ#06-Japan.
It is up 2.4% since the QTI signaled sell on Mar 14, 2011, although down
6.4% since the Near-term Indicant signaled sell on March 10, 2011. It was
mildly bearish today.
Technically, the Near-term Indicant is not supporting a bullish bounce for
EWJ at this time. EWJ will most likely endure solid bearishness in the
next few days. It was mildly bearish last Wed and Thu, but solidly bearish
on Fri and mildly bearish the past two days.
Short-term Summary: Force Vectors shifted in favor of bullish support last
Thu. There are just few more attributes to offer complete bullish support.
Contrarian Funds
ETF#03-Natural Resources.
The
Near-term and Quick-term Indicant signaled buy on Sep 15, 2010. It is up
47.2%, annualizing at 87.1% since then. This ETF remains with Red Bull
status, mitigating sustainable bearish threats. The “energy bear” cannot
find sustainable forces with current bullish attributes. Force remains in
bullish domains, supporting bullish position, but it is now starting to
decline, but non-threatening to this strong bull.
ETF#11-Gold and Precious Metals
is
up 71.4% since the QTI signaled buy on December 11, 2008. Annualized
growth is at 30.7%. Bearish yellow is a good price to set stop losses for
a longer-term hold position, which is at $125.85 and still rising. Being
patient here is important since your buy price approximates $80.65 versus
today’s closing price of $138.21.
The
Near-term Indicant signaled buy on Feb 18, 2011. It is up 2.1% since then,
annualizing at 19.1%.
Near-term attributes for next sell signal will be price below NTI Blue
with negative Vector Pressure. Price is again below NTI Blue but 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 from both the Quick-term Indicant and Short-term
Indicant on Mar 10, 2011 after falling over 8.0% from its Quick-term sell
signal on Oct 14, 2010 and basically flat since the Near-term sell signal
on Nov 15, 2010. It is no longer a Yellow Bear and too many attributes are
shifting in favor of bullish behavior. It is down 0.5% since buy signals
on Mar 10, 2011. Its bullish configuration and contrarian nature suggests
the stock market bear is not through with its shenanigans, although down
slightly since the most recent buy signal.
The
Near-term Indicant and Quick-term Indicant signaled buy on Mar 10, 2011
for
ETF#31-QID.
It
was down over 30.0% since its October 14, 2010 sell signal. The overall
stock market is somewhat supportive of QID’s bullish desires. It is down
4.0% since the Mar 10, 2011 buy signal.
The
Quick-term and Near-term Indicant signaled buy on Mar 10, 2011 for
ETF#32-VXX.
It was down over 55.5% since its prior Near-term Indicant sell signal on
Sep 2, 2010. Its Pressure is now positioned to offer a bullish expression
on a short-term horizon. It is down 11.6% since the Mar 10 buy signal. Its
Force Vector fell into bearish domains last Wednesday, threatening the
hold signal. The Force Vector is bearishly mature, suggesting a bullish
bounce is imminent and potentially very powerful.
Major ETF Events
Mar 29,
2011-Tue-Force Vectors did not shift south. A few more days with that
configuration will inspire the stock market bull.
Mar 28, 2011-Mon-None
Current Strategy-Short-term Indicant- Mar 28, 2011.
Expected bearish behavior occurred, albeit mildly so. This inflection
period of indecisiveness should conclude soon.
-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
03/29/2011
Mar 28, 2011 Indicant Daily Stock Market Report
Volume 03, Issue 20 ISSN 1526 6516 QT/ST
©
The Indicant Stock Market Report
Short-term Indicant Stock Market Report - Summary
The three attributes
discussed last week continue with near perturbation. VIX Force started
increasing, as expected. VIX was bullish by over 8.0% today. However, the
movement of its Force was somewhat passive.
NASDAQ Pressure
remains in bearish domains. It is the only major index enduring that
bearish configuration.
Volume remains
unsupportive of bull or bear.
VIX’s configuration
is somewhat bullish and thus bearish for the stock market. The major
indices are configured with support for the bull. In essence we are
enduring a brief period of perturbation. If the VIX is not aggressively
bullish in the next two or three days and major index Force Vectors do not
fall into bearish domains, a renewed near-term bullish cycle should
manifest.
If the VIX Force
continues rising and aggressively propelling it higher, the Near-term
bearish cycle should gain some momentum.
Keep in mind, though,
the Quick-term bullish cycle remains in tact. It will remain so as long as
prices remain above QTI bearish yellow curves.
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.
All
Force Vectors are in bullish domains and higher than Pressure. Very few
attributes remain in support of the Near-term bear signal. However, there
are three of them that suggests delaying the bull signal until they no
longer support the stock market bear.
The
Near-term Indicant is signaling bull for contrarian VIX, only. It is down
5.9% since its bull signal 3.0-weeks ago. It was up over 8% today after
falling over 50% in the prior seven trading days. As stated this past
Thursday, it is nestled right on top of NTI Green, which is a solid
bouncing point. It bounced softly to the north today. More bounce is
needed to conquer overall stock market bullish aspirations.
The
Near-term Indicant is signaling bear for all eleven major non-contrarian
indices. They are up by an average of 2.2% since their bear signals
2.2-weeks ago.
The
Quick-term Indicant continues signaling bull for ten major non-contrarian
indices and contrarian VIX. They are up by an average of 16.0% since their
bull signals an average of 25.5-weeks ago, annualizing at 32.7%.
The
Quick-term Indicant is signaling bear for the weak Dow Utilities. It is up
0.4% since its bear signal on Mar 15, 2011.
Short-term Market
Summary
Ten
non-contrarian Red Bull configuration remains supportive of the Quick-term
bull cycle.
The
major indices remain with relatively high Pressure, but the Dow Utilities,
NASDAQ, and NAS100 succumbed to short-term bearish Pressure this past
Tuesday. They are attempting a comeback, but need to do a little more work
to be convincing.
As
stated last week, “Force Vectors are moving in a bullish cycle. They are
now (last Friday) bullishly mature. They should shift back to the south
early next week.”
The
short-term inflection relates to the conflict between the VIX and the
S&P500 Force Vectors. VIX’s Force shifted to the north today while the
S&P500 moved laterally. That offers a tad bit of advantage to the bull.
Since the advantage is a “tad bit” the bear signals were retained.
Indicant Volume Indicators
Volume is finally
increasing. Unfortunately, this change in cycle correlates with bearish
aggression. That is, indeed, bearish.
The NASDAQ IVI
crossed into high activity domains on Mar 21, 2011. Although the NYSE
Indicant Volume Indicator remains in low interest domains, it is moving
robustly. There is an increasing interest in the stock market. Some could
argue that the earthquake and tsunami did not throw the stock market into
a nasty bearish slide, which is bullish to many. However, the NYSE IVI
recent robustness correlates very well with stock market bearishness.
Statistical bias favors short-term bearishness as opposed to belief
systems.
Mar
28, 2011-Mon-Low volume on mild bearishness suggests continuing lack of
commitment on any directional intensity.
Mar
25, 2011-Fri-Same as yesterday; low volume on mild bullishness remains
without strong bullish or bearish support.
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, consisting of a
combination of contrarians and non-contrarians. They are up by an average
of 14.7% since their buy signals an average of 16.9-weeks ago. This
annualizes at 45.3%.
The
NTI is avoiding 23-ETF’s. They are up by an average of 1.8% since their
sell signals an average of 2.9-weeks ago.
The
Quick-term Indicant generated no buy signals and no sell signals.
The
Quick-term Indicant is signaling hold for 31-ETF’s. They are up 19.4%
since their buy signals an average of 32.5-weeks ago. This annualizes at
31.1%. The Quick-term Indicant is signaling hold for both contrarian and
non-contrarian ETF’s. That combination of hold signals will not last too
long. That conflict should find relief within days from now. The stock
market’s indecisiveness on directional intensity continues to defer the
content of the prior sentence.
The
Quick-term Indicant is avoiding one ETF. It is
ETF-EWJ#06-Japan.
It is up 2.5% since the QTI signaled sell on Mar 14, 2011, although down
6.3% since the Near-term Indicant signaled sell on March 10, 2011.
Technically, the Near-term Indicant is not supporting a bullish bounce for
EWJ at this time. Its Force Vector expended tremendous energy on its
recent bullish cycle. EWJ will most likely endure solid bearishness in the
next few days. It was mildly bearish last Wed and Thu, but solidly bearish
on Fri and mildly bearish today.
Short-term Summary: Force Vectors shifted in favor of bullish support last
Thu. There are just few more attributes to offer bullish support.
Contrarian Funds
ETF#03-Natural Resources.
The
Near-term and Quick-term Indicant signaled buy on Sep 15, 2010. It is up
45.4%, annualizing at 84.2% since then. This ETF remains with Red Bull
status, mitigating sustainable bearish threats. The “energy bear” cannot
find sustainable forces with current bullish attributes. Force remains in
bullish domains, supporting bullish position, but it is now starting to
decline.
ETF#11-Gold and Precious Metals
is
up 71.8% since the QTI signaled buy on December 11, 2008. Annualized
growth is at 30.9%. Bearish yellow is a good price to set stop losses for
a longer-term hold position, which is at $125.74 and still rising. Being
patient here is important since your buy price approximates $80.65 versus
today’s closing price of $138.54.
The
Near-term Indicant signaled buy on Feb 18, 2011. It is up 2.3% since then,
annualizing at 21.9%.
Near-term attributes for signaling next sell signal will be price below
NTI Blue with negative Vector Pressure. Price is again below NTI Blue but
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 from both the Quick-term Indicant and Short-term
Indicant on Mar 10, 2011 after falling over 8.0% from its Quick-term sell
signal on Oct 14, 2010 and basically flat since the Near-term sell signal
on Nov 15, 2010. It is no longer a Yellow Bear and too many attributes are
shifting in favor of bullish behavior. It is up 0.2% since buy signals on
Mar 10, 2011, annualizing at 4.9%. Its bullish configuration and
contrarian nature suggests the stock market bear is not through with its
shenanigans.
The
Near-term Indicant and Quick-term Indicant signaled buy on Mar 10, 2011
for
ETF#31-QID.
It
was down over 30.0% since its October 14, 2010 sell signal. The overall
stock market is somewhat supportive of QID’s bullish desires. It is down
2.2% since the Mar 10, 2011 buy signal.
The
Quick-term and Near-term Indicant signaled buy on Mar 10, 2011 for
ETF#32-VXX.
It was down over 55.5% since its prior Near-term Indicant sell signal on
Sep 2, 2010. Its Pressure is now positioned to offer a bullish expression
on a short-term horizon. It is down 9.3% since the Mar 10 buy signal. Its
Force Vector fell into bearish domains last Wednesday, threatening the
hold signal. The Force Vector is bearishly mature, suggesting a bullish
bounce is imminent and potentially very powerful.
Major ETF Events
Mar 28, 2011-Mon-None
Current Strategy-Short-term Indicant- Mar 28, 2011.
Expected bearish behavior occurred, albeit mildly so. This inflection
period of indecisiveness should conclude soon.
-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
03/28/2011
Mar 25, 2011 Indicant Daily Stock Market Report
Volume 03, Issue 19 ISSN 1526 6516 QT/ST
©
The Indicant Stock Market Report
Short-term Indicant Stock Market Report - Summary
All Force Vectors
crossed into bullish domains and above Vector Pressure last Thursday. The
major indices and most ETF’s are above NTI Blue. And NTI Blue is
increasing. Normally, that would trigger bull signals and buy signals.
However, there are a couple of concerns that justify delaying those
signals.
The VIX Force Vector
found a common bottom last Thursday. Probabilities exceeded 90% that it
will increase on Friday. However, that did not occur. VIX Force fell to a
two year minimum point. The probability of a bullish bounce has increased
from 90% to 95%. That should occur early next week. Its Vector Pressure is
in bullish domains, suggesting its impending rebound will not be
insignificant. The VIX did not close below NTI Green. It did during
intraday trading on Friday, but quickly rebounding back above the NTI
Green curve. That is ominous on a near-term basis for the stock market and
bullish for the VIX.
The second variable
suggesting additional caution is volume. Volume was again mild on
Thursday’s and Friday’s bullish behavior. That suggests minimal potential
for bullish follow-on even though volume relationships have lost
correlation in this bull cycle. However, it seems there are very few that
are cross trading shares. When a few folks do it, suspicion is not out of
line.
VIX passiveness in
the next day or two will be inspirational to the bull and the technical
bullishness will then obtain enough respect for action. Friday’s call
option buys disappointed, but the April calls still have three weeks
before expiration.
The third variable
confronting the stock market bull is the NASDAQ100’s negative Vector
Pressure. It is just barely inside bearish domains, but it is enough to
remain cautious with respect to stock market bullishness on a short-term
basis. It has been the strongest bull and now the with the weakest
configurations. There is concern when the strongest becomes the weakest.
As stated the past
few days, there is an absence of consistency, suggesting a lack of strong
bullish or bearish commitment, but with an increasing edge favoring the
bear on the short-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.
All
Force Vectors are in bullish domains and higher than Pressure. Very few
attributes remain in support of the Near-term bear signal. However, there
are three of them that suggests delaying the bull signal until they no
longer support the stock market bear.
The
Near-term Indicant is signaling bull for contrarian VIX, only. It is down
13.3% since its bull signal 2.6-weeks ago. It is down well over 50% the
past seven days, but remains configured as a VIX bull, but barely so. As
stated this past Thursday, it is nestled right on top of NTI Green, which
is a solid bouncing point. If it does not bounce, the stock market bear
will acquiesce to bullish ambition. It fell considerably below Green
during intraday trading, but finished up from that intraday low.
The
Near-term Indicant is signaling bear for all eleven major non-contrarian
indices. They are up by an average of 2.5% since their bear signals
1.7-weeks ago.
The
Quick-term Indicant continues signaling bull for ten major non-contrarian
indices and contrarian VIX. They are up by an average of 15.6% since their
bull signals an average of 25.1-weeks ago, annualizing at 32.4%.
The
Quick-term Indicant is signaling bear for the weak Dow Utilities. It is up
0.9% since its bear signal on Mar 15, 2011.
Short-term Market
Summary
Ten
non-contrarian Red Bull configuration remains supportive of the Quick-term
bull cycle.
The
major indices remain with relatively high Pressure, but the Dow Utilities,
NASDAQ, and NAS100 succumbed to short-term bearish Pressure this past
Tuesday. They are attempting a comeback, but need to do a little more work
to be convincing.
Force Vectors are moving in a bullish cycle. They are now bullishly
mature. They should shift back to the south early next week. If they do
not and start moving laterally, the Near-term Bear will expire and new
Near-term Bull will begin a new cycle to the northeast.
Discerning is the VIX’s bearishly mature Force Vector and it setting at a
common minimum point this past Thursday. Also, the VIX is nestled on NTI
Green. On Friday, the VIX dropped below both of those points during
intraday trading, but rebounded strongly before the stock market closed.
Last Thursday, probabilities exceeded 90% of an impending bounce, which
should induce stock market bearishness. As of Friday’s close, that
probability of a bullish VIX recoil and stock market bearishness
associated with that recoil now exceeds 95%. The VIX Force Vector dropped
to its lowest point since May 2009.
Indicant Volume Indicators
Volume is finally
increasing. Unfortunately, this change in cycle correlates with bearish
aggression. That is, indeed, bearish.
The NASDAQ IVI
crossed into high activity domains on Mar 21, 2011. Although the NYSE
Indicant Volume Indicator remains in low interest domains, it is moving
robustly. There is an increasing interest in the stock market. Some could
argue that the earthquake and tsunami did not throw the stock market into
a nasty bearish slide, which is bullish to many. However, the NYSE IVI
recent robustness correlates very well with stock market bearishness.
Statistical bias favors short-term bearishness as opposed to belief
systems.
Mar
25, 2011-Fri-Same as yesterday; low volume on mild bullishness remains
without strong bullish or bearish support.
Mar
24, 2011-Thu-Again mild volume and thus no change with respect to volume’s
influence on stock market directional intensity.
Mar
23, 2011-Wed-Mild volume again does nothing to deter prevailing near-term
stock market bearish expectations.
Mar
22, 2011-Tue-Volume was mild, relative to recent levels, on mild
bearishness. However, both Indicant Volume Indicators continue moving
robustly in a confused state with robustness supporting both bear and
bull. The Quick-term cycle remains solidly bullish, while the near-term
cycle remains pestered by the bear’s ambition.
Mar
21, 2011-Mon-Volume was mild along historical comparisons but up a bit on
recent comparisons. That offers mild support for the bull, but recent
relationships offer a bit more support for bearishness. Volume continues
to not obviate directional stock market intensity.
Mar
18, 2011-Fri-Aggressive volume on passive bullishness is interesting. The
stock market enjoyed aggressive bullishness, but closed downward on this
day. There is no meaningful probabilistic relations with this
configuration. It does nothing to upset the invigorated bear, but also
does nothing toward reclassification from a mere bearish spurt.
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, consisting of a
combination of contrarians and non-contrarians. They are up by an average
of 14.7% since their buy signals an average of 16.5-weeks ago. This
annualizes at 46.4%.
The
NTI is avoiding 23-ETF’s. They are up by an average of 2.1% since their
sell signals an average of 2.5-weeks ago.
The
Quick-term Indicant generated no buy signals and no sell signals.
The
Quick-term Indicant is signaling hold for 31-ETF’s. They are up 19.7%
since their buy signals an average of 32.1-weeks ago. This annualizes at
32.0%. The Quick-term Indicant is signaling hold for both contrarian and
non-contrarian ETF’s. That combination of hold signals will not last too
long. That conflict should find relief within days from now.
The
Quick-term Indicant is avoiding one ETF. It is
ETF-EWJ#06-Japan.
It is up 2.8% since the QTI signaled sell on Mar 14, 2011, although down
6.0% since the Near-term Indicant signaled sell on March 10, 2011.
Technically, the Near-term Indicant is not supporting a bullish bounce for
EWJ at this time. Its Force Vector expended tremendous energy on its
recent bullish cycle. EWJ will most likely endure solid bearishness in the
next few days. It was mildly bearish last Wed and Thu, but solidly bearish
on Fri.
Short-term Summary: Force Vectors shifted in favor of bullish support last
Thu. There are just few more attributes to offer bullish support.
Contrarian Funds
ETF#03-Natural Resources.
The
Near-term and Quick-term Indicant signaled buy on Sep 15, 2010. It is up
45.7%, annualizing at 86.2% since then. This ETF remains with Red Bull
status, mitigating sustainable bearish threats. The “energy bear” cannot
find sustainable forces with current bullish attributes. Force climbed
into bullish domains, supporting bullish position.
ETF#11-Gold and Precious Metals
is
up 72.7% since the QTI signaled buy on December 11, 2008. Annualized
growth is at 31.4%. Bearish yellow is a good price to set stop losses for
a longer-term hold position, which is at $125.64 and still rising. Being
patient here is important since your buy price approximates $80.65 versus
today’s closing price of $139.26.
The
Near-term Indicant signaled buy on Feb 18, 2011. It is up 2.8% since then,
annualizing at 29.2%.
Near-term attributes for signaling next sell signal will be price below
NTI Blue with negative Vector Pressure.
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 from both the Quick-term Indicant and Short-term
Indicant on Mar 10, 2011 after falling over 8.0% from its Quick-term sell
signal on Oct 14, 2010 and basically flat since the Near-term sell signal
on Nov 15, 2010. It is no longer a Yellow Bear and too many attributes are
shifting in favor of bullish behavior. It is up 0.1% since buy signals on
Mar 10, 2011, annualizing at 2.5%. Its bullish configuration and
contrarian nature suggests the stock market bear is not through with its
shenanigans. Do not be surprised at TLT bouncing bullishly early next
week.
The
Near-term Indicant and Quick-term Indicant signaled buy on Mar 10, 2011
for
ETF#31-QID.
It
was down over 30.0% since its October 14, 2010 sell signal. The overall
stock market is somewhat supportive of QID’s bullish desires. It is down
3.3% since the Mar 10, 2011 buy signal.
The
Quick-term and Near-term Indicant signaled buy on Mar 10, 2011 for
ETF#32-VXX.
It was down over 55.5% since its prior Near-term Indicant sell signal on
Sep 2, 2010. Its Pressure is now positioned to offer a bullish expression
on a short-term horizon. It is down 10.5% since the Mar 10 buy signal. Its
Force Vector fell into bearish domains this past Wednesday, threatening
the hold signal. The Force Vector is bearishly mature, suggesting a
bullish bounce is imminent and potentially very powerful.
Major ETF Events
Mar 25, 2011-Fri-VIX
Force is positioned at a two-year minimum. It should rise early next week.
With that, VIX behavior should be bullish.
Mar 24, 2011-Thu-All
contrarian Force Vectors maneuvered in favor of bullish support. The Force
cycle is bullishly mature. That coupled with a few additional attributes
delays buy signals.
Mar 23,
2011-Wed-Several Force Vectors crossed into bullish domains. However,
several continue being shy about that and thus the stock market bear
remains with potential energy to wreak a bit more havoc.
Mar 22,
2011-Tue-There were none, but worthy to note Force Vectors, although
rising, did not cross into bull domains. That discourages potential
near-term bullish cycle.
Mar 21, 2011-Mon-The
stock market enjoyed solid bullish behavior. However, Force Vectors remain
in bearish domains. Although bearish aggression is configured as a bearish
spurt, current configurations do not support resumption of a Near-term
bullish cycle.
Current Strategy-Short-term Indicant- Mar 25, 2011. Force
Vectors now support bull signal. If bearish behavior does not resume on
Monday, then buy/bull signals will ensue. The VIX suggests stock market
bearishness early next week on the short-term cycle.
-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
03/25/2011
Mar 24, 2011 Indicant Daily Stock Market Report
Volume 03, Issue 18 ISSN 1526 6516 QT/ST
©
The Indicant Stock Market Report
Short-term Indicant Stock Market Report - Summary
All Force Vectors
crossed into bullish domains and above Vector Pressure. The major indices
and most ETF’s are above NTI Blue. And NTI Blue is increasing. Normally,
that would trigger bull signals and buy signals. However, there are a
couple of concerns that justify a slight delay on those signals.
The VIX Force Vector
found a common bottom today. Probabilities exceed 90% that it will
increase tomorrow. Its positive Vector Pressure is in bullish domains,
suggesting its impending rebound will not be insignificant. The VIX did
not cross below NTI Green and setting on a common bouncing point after
rather significant bull/bear swings.
The second variable
suggesting additional caution is volume. Today’s volume was again mild on
bullish behavior. That suggests minimal potential for bullish follow-on
even though volume relationships have lost correlation in this bull cycle.
However, it seems there are very few that are cross trading shares. When a
few folks do it, suspicion is not out of line.
VIX passiveness in
the next day or two will be inspirational to the bull and the technical
bullishness will then obtain enough respect for action. If the market
opens up in the AM, VIX call options should be profitable. However, if not
by Monday or Tuesday, bail.
The third variable
confronting the stock market bull is the NASDAQ100’s negative Vector
Pressure. It is just barely inside bearish domains, but it is enough to
remain cautious with respect to stock market bullishness on a short-term
basis. It has been the strongest bull and now the with the weakest
configurations. There is concern with the strongest becomes the weakest.
As stated the past
few days, there is an absence of consistency, suggesting a lack of strong
bullish or bearish commitment, but with an increasing edge favoring the
bear on the short-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.
All
Force Vectors are in bullish domains and higher than Pressure. Very few
attributes remain in support of the Near-term bear signal. However, there
are three of them that suggests delaying the bull signal until they no
longer support the stock market bear.
The
Near-term Indicant is signaling bull for contrarian VIX, only. It is down
12.8% since its bull signal 2.4-weeks ago. It is down well over 50% the
past six days, but remains configured as a VIX bull, but barely so. It is
nestled right on top of NTI Green, which is a solid bouncing point. If it
does not bounce, the stock market bear will acquiesce to bullish ambition.
The
Near-term Indicant is signaling bear for all eleven major non-contrarian
indices. They are up by an average of 2.0% since their bear signals
1.6-weeks ago.
The
Quick-term Indicant continues signaling bull for ten major non-contrarian
indices and contrarian VIX. They are up by an average of 15.2% since their
bull signals an average of 24.9-weeks ago, annualizing at 31.6%.
The
Quick-term Indicant is signaling bear for the weak Dow Utilities. It is up
0.9% since its bear signal on Mar 15, 2011.
Short-term Market
Summary
Ten
non-contrarian Red Bull configuration remains supportive of the Quick-term
bull cycle.
The
major indices remain with relatively high Pressure, but the Dow Utilities,
NASDAQ, and NASDAQ succumbed to short-term bearish Pressure this past
Tuesday. They are attempting a comeback, but need to do a little more work
to be convincing.
Force Vectors are moving in a bullish cycle. As stated last week, the
nature of their inevitable rise and magnitude will add additional analyses
to measure the nature of this bearish spurt and determine if it has
designs to expanding to an outright bear. Of course, it is possible for
the Force Vectors to trigger a new Near-term bullish cycle, but to do
that, they must cross into bullish domains. All have done that, but there
are a few more variables required to shift into support for the bull.
Discerning is the VIX’s bearishly mature Force Vector and it setting at a
common minimum point. The VIX is also nestled on NTI Green. Probabilities
exceed 90% of its impending bounce, which should induce stock market
bearishness.
Indicant Volume Indicators
Volume is finally
increasing. Unfortunately, this change in cycle correlates with bearish
aggression. That is, indeed, bearish.
The NASDAQ IVI
crossed into high activity domains on Mar 21, 2011. Although the NYSE
Indicant Volume Indicator remains in low interest domains, it is moving
robustly. There is an increasing interest in the stock market. Some could
argue that the earthquake and tsunami did not throw the stock market into
a nasty bearish slide, which is bullish to many. However, the NYSE IVI
recent robustness correlates very well with stock market bearishness.
Statistical bias favors short-term bearishness as opposed to belief
systems.
Mar
24, 2011-Thu-Again mild volume and thus no change with respect to volume’s
influence on stock market directional intensity.
Mar
23, 2011-Wed-Mild volume again does nothing to deter prevailing near-term
stock market bearish expectations.
Mar
22, 2011-Tue-Volume was mild, relative to recent levels, on mild
bearishness. However, both Indicant Volume Indicators continue moving
robustly in a confused state with robustness supporting both bear and
bull. The Quick-term cycle remains solidly bullish, while the near-term
cycle remains pestered by the bear’s ambition.
Mar
21, 2011-Mon-Volume was mild along historical comparisons but up a bit on
recent comparisons. That offers mild support for the bull, but recent
relationships offer a bit more support for bearishness. Volume continues
to not obviate directional stock market intensity.
Mar
18, 2011-Fri-Aggressive volume on passive bullishness is interesting. The
stock market enjoyed aggressive bullishness, but closed downward on this
day. There is no meaningful probabilistic relations with this
configuration. It does nothing to upset the invigorated bear, but also
does nothing toward reclassification from a mere bearish spurt.
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, consisting of a
combination of contrarians and non-contrarians. They are up by an average
of 14.3% since their buy signals an average of 16.3-weeks ago. This
annualizes at 45.4%.
The
NTI is avoiding 23-ETF’s. They are up by an average of 2.2% since their
sell signals an average of 2.4-weeks ago.
The
Quick-term Indicant generated no buy signals and no sell signals.
The
Quick-term Indicant is signaling hold for 31-ETF’s. They are up 19.5%
since their buy signals an average of 31.9-weeks ago. This annualizes at
31.9%. The Quick-term Indicant is signaling hold for both contrarian and
non-contrarian ETF’s. That combination of hold signals will not last too
long. That conflict should find relief within days from now.
The
Quick-term Indicant is avoiding one ETF. It is
ETF-EWJ#06-Japan.
It is up 5.3% since the QTI signaled sell on Mar 14, 2011, although down
3.7% since the Near-term Indicant signaled sell on March 10, 2011. It
enjoyed a solid bullish bounces last Thu-Fri-Mon, but was mildly mixed the
past three days. That is a typical response to falling below QTI bearish
yellow curve. Sometimes a thorough bullish cycle manifests with that
response and at other times it descends below yellow and stays there with
declining values for long periods. Current configurations support the
latter at this time. These configurations are not static, though. The
Japanese remain very industrious and their economy should not be
underestimated.
Technically, the Near-term Indicant is not supporting a bullish bounce for
EWJ at this time. Its Force Vector expended tremendous energy on its
recent bullish cycle. EWJ will most likely endure solid bearishness in the
next few days. It was mildly bearish the past two days.
Short-term Summary: Force Vectors shifted in favor of bullish support
today. There are just few more attributes to offer support.
Contrarian Funds
ETF#03-Natural Resources.
The
Near-term and Quick-term Indicant signaled buy on Sep 15, 2010. It is up
44.5%, annualizing at 84.2% since then. This ETF remains with Red Bull
status, mitigating sustainable bearish threats. The “energy bear” cannot
find sustainable forces with current bullish attributes. Force climbed
into bullish domains, supporting bullish position.
ETF#11-Gold and Precious Metals
is
up 72.6% since the QTI signaled buy on December 11, 2008. Annualized
growth is at 31.4%. Bearish yellow is a good price to set stop losses for
a longer-term hold position, which is at $125.53 and still rising. Being
patient here is important since your buy price approximates $80.65 versus
today’s closing price of $139.22.
The
Near-term Indicant signaled buy on Feb 18, 2011. It is up 2.8% since then,
annualizing at 29.8%.
Near-term attributes for signaling next sell signal will be price below
NTI Blue with negative Vector Pressure.
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 from both the Quick-term Indicant and Short-term
Indicant on Mar 10, 2011 after falling over 8.0% from its Quick-term sell
signal on Oct 14, 2010 and basically flat since the Near-term sell signal
on Nov 15, 2010. It is no longer a Yellow Bear and too many attributes are
shifting in favor of bullish behavior. It is up 0.4% since buy signals on
Mar 10, 2011, annualizing at 9.1%. Its bullish configuration and
contrarian nature suggests the stock market bear is not through with its
shenanigans.
The
Near-term Indicant and Quick-term Indicant signaled buy on Mar 10, 2011
for
ETF#31-QID.
It
was down over 30.0% since its October 14, 2010 sell signal. The overall
stock market is somewhat supportive of QID’s bullish desires. It is down
2.8% since the Mar 10, 2011 buy signal.
The
Quick-term and Near-term Indicant signaled buy on Mar 10, 2011 for
ETF#32-VXX.
It was down over 55.5% since its prior Near-term Indicant sell signal on
Sep 2, 2010. Its Pressure is now positioned to offer a bullish expression
on a short-term horizon. It is down 10.3% since the Mar 10 buy signal. Its
Force Vector fell into bearish domains this past Wednesday, threatening
the hold signal. The Force Vector is bearishly mature, suggesting a bounce
and bearish for stock market.
Major ETF Events
Mar 24, 2011-Thu-All
contrarian Force Vectors maneuvered in favor of bullish support. The Force
cycle is bullishly mature. That coupled with a few additional attributes
delays buy signals.
Mar 23,
2011-Wed-Several Force Vectors crossed into bullish domains. However,
several continue being shy about that and thus the stock market bear
remains with potential energy to wreak a bit more havoc.
Mar 22,
2011-Tue-There were none, but worthy to note Force Vectors, although
rising, did not cross into bull domains. That discourages potential
near-term bullish cycle.
Mar 21, 2011-Mon-The
stock market enjoyed solid bullish behavior. However, Force Vectors remain
in bearish domains. Although bearish aggression is configured as a bearish
spurt, current configurations do not support resumption of a Near-term
bullish cycle.
Current Strategy-Short-term Indicant- Mar 24, 2011. Force
Vectors now support bull signal. If bearish behavior does not resume in
the next two days, then buy/bull signals will ensue.
-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
03/24/2011
Mar 23, 2011 Indicant Daily Stock Market Report
Volume 03, Issue 17 ISSN 1526 6516 QT/ST
©
The Indicant Stock Market Report
Short-term Indicant Stock Market Report - Summary
Force Vectors
continue to increase from within bearish domains. Several crossed into
bullish domains, but not enough to support bullish aspirations.
As stated the past
few days, there is an absence of consistency, suggesting a lack of strong
bullish or bearish commitment, but with an increasing edge favoring the
bear on the short-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.
Several Force Vectors crossed into bullish domains. However, not all of
them did. The NASDAQ, NAS100, and Utilities remain in bearish domains. If
they do, the near-term cycle will inspire a new bull cycle.
The
Near-term Indicant is signaling bull for contrarian VIX, only. It is down
7.2% since its bull signal 2.3-weeks ago. It is down nearly 50% the past
five days, but remains configured as a VIX bull.
The
Near-term Indicant is signaling bear for all eleven major non-contrarian
indices. They are up by an average of 1.1% since their bear signals
1.5-weeks ago.
The
Quick-term Indicant continues signaling bull for ten major non-contrarian
indices and contrarian VIX. They are up by an average of 14.6% since their
bull signals an average of 24.8-weeks ago, annualizing at 30.6%.
The
Quick-term Indicant is signaling bear for the weak Dow Utilities. It is up
0.4% since its bear signal on Mar 15, 2011.
Short-term Market
Summary
Seven non-contrarian Red Bull configuration remains supportive of the
Quick-term bull cycle.
The
major indices remain with relatively high Pressure, but the Dow Utilities,
NASDAQ, and NASDAQ succumbed to short-term bearish Pressure this past
Tuesday.
Force Vectors are moving in a bullish cycle. As stated last week, the
nature of their inevitable rise and magnitude will add additional analyses
to measure the nature of this bearish spurt and determine if it has
designs to expanding from a bearish spurt to an outright bear. Of course,
it is possible for the Force Vectors to trigger a new Near-term bullish
cycle, but to do that, they must cross into bullish domains. Several
shifted in support of a renewed bullish cycle today, but not enough to
trigger Near-term Bull signals.
Discerning is the VIX’s strong Force into bullish domains, although with a
sharp decline the past two days. That remains bullish for the VIX and
bearish for the stock market. In spite of the VIX’s price decline of
nearly 50% the past five trading days, its bullish Force remains as a
threat to the stock market’s short-term cycle. If VIX Force falls into
bearish domains or even falls below Pressure, the VIX threat will subside.
On the contrary, VIX Force is configuring for a solid bullish bounce in
the next day or two. The bull counter attacked strong bearish behavior
early this morning, challenging recent bearish commentary.
Indicant Volume Indicators
Volume is finally
increasing. Unfortunately, this change in cycle correlates with bearish
aggression. That is, indeed, bearish.
The NASDAQ IVI
crossed into high activity domains on Mar 21, 2011. Although the NYSE
Indicant Volume Indicator remains in low interest domains, it is moving
robustly. There is an increasing interest in the stock market. Some could
argue that the earthquake and tsunami did not throw the stock market into
a nasty bearish slide, which is bullish to many. However, the NYSE IVI
recent robustness correlates very well with stock market bearishness.
Statistical bias favors short-term bearishness as opposed to belief
systems.
Mar
23, 2011-Wed-Mild volume again does nothing to deter prevailing near-term
stock market bearish expectations.
Mar
22, 2011-Tue-Volume was mild, relative to recent levels, on mild
bearishness. However, both Indicant Volume Indicators continue moving
robustly in a confused state with robustness supporting both bear and
bull. The Quick-term cycle remains solidly bullish, while the near-term
cycle remains pestered by the bear’s ambition.
Mar
21, 2011-Mon-Volume was mild along historical comparisons but up a bit on
recent comparisons. That offers mild support for the bull, but recent
relationships offer a bit more support for bearishness. Volume continues
to not obviate directional stock market intensity.
Mar
18, 2011-Fri-Aggressive volume on passive bullishness is interesting. The
stock market enjoyed aggressive bullishness, but closed downward on this
day. There is no meaningful probabilistic relations with this
configuration. It does nothing to upset the invigorated bear, but also
does nothing toward reclassification from a mere bearish spurt.
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, consisting of a
combination of contrarians and non-contrarians. They are up by an average
of 14.5% since their buy signals an average of 16.2-weeks ago. This
annualizes at 46.7%.
The
NTI is avoiding 23-ETF’s. They are up by an average of 1.4% since their
sell signals an average of 2.2-weeks ago.
The
Quick-term Indicant generated no buy signals and no sell signals.
The
Quick-term Indicant is signaling hold for 31-ETF’s. They are up 18.9%
since their buy signals an average of 31.8-weeks ago. This annualizes at
31.0%. The Quick-term Indicant is signaling hold for both contrarian and
non-contrarian ETF’s. That combination of hold signals will not last too
long. That conflict should find relief within days from now.
The
Quick-term Indicant is avoiding one ETF. It is
ETF-EWJ#06-Japan.
It is up 5.2% since the QTI signaled sell on Mar 14, 2011. It enjoyed a
solid bullish bounces last Thu-Fri-Mon, but was mildly bearish the past
two days. That is a typical response to falling below QTI bearish yellow
curve. Sometimes a thorough bullish cycle manifests with that response and
at other times it descends below yellow and stays there with declining
values for long periods. Current configurations support the latter at this
time. These configurations are not static, though. The Japanese remain
very industrious and their economy should not be underestimated.
Technically, the Near-term Indicant is not supporting a bullish bounce for
EWJ at this time. Its Force Vector expended tremendous energy on its
recent bullish cycle. EWJ will most likely endure solid bearishness in the
next few days. It was mildly bearish the past two days.
Short-term Summary: As stated last Tuesday, bullish behavior last Thu,
Fri, and Mon remains configured as a technical response to bearish
aggression. The primary attribute to monitor is Force Vector.
Non-contrarians remain in bearish domains. Contrarians remain in bullish
domains. Yesterday’s mild bearishness supports the idea that a new NTI
bullish cycle is not capable at this time. Today’s mild bullishness with
strong early morning bearishness conveys same.
Contrarian Funds
ETF#03-Natural Resources.
The
Near-term and Quick-term Indicant signaled buy on Sep 15, 2010. It is up
43.9%, annualizing at 83.7% since then. This ETF remains with Red Bull
status, mitigating sustainable bearish threats. The “energy bear” cannot
find sustainable forces with current bullish attributes. Force climbed
into bullish domains, supporting bullish position.
ETF#11-Gold and Precious Metals
is
up 74.0% 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 $125.42 and still rising. Being
patient here is important since your buy price approximates $80.65 versus
today’s closing price of $140.34.
The
Near-term Indicant signaled buy on Feb 18, 2011. It is up 3.6% since then,
annualizing at 39.7%.
Near-term attributes for signaling next sell signal will be price below
NTI Blue with negative Vector Pressure.
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 from both the Quick-term Indicant and Short-term
Indicant on Mar 10, 2011 after falling over 8.0% from its Quick-term sell
signal on Oct 14, 2010 and basically flat since the Near-term sell signal
on Nov 15, 2010. It is no longer a Yellow Bear and too many attributes are
shifting in favor of bullish behavior. It is up 1.1% since buy signals on
Mar 10, 2011, annualizing at 30.8%. Its bullish configuration and
contrarian suggests the stock market bear is not through with its
shenanigans.
The
Near-term Indicant and Quick-term Indicant signaled buy on Mar 10, 2011
for
ETF#31-QID.
It
was down over 30.0% since its October 14, 2010 sell signal. The overall
stock market is somewhat supportive of QID’s bullish desires. It is up
0.9% since the Mar 10, 2011 buy signal, annualizing at 23.7%
The
Quick-term and Near-term Indicant signaled buy on Mar 10, 2011 for
ETF#32-VXX.
It was down over 55.5% since its prior Near-term Indicant sell signal on
Sep 2, 2010. Its Pressure is now positioned to offer a bullish expression
on a short-term horizon. It is down 7.8% since the Mar 10 buy signal. Its
Force Vector fell into bearish domains threatening the hold signal. The
Force Vector is bearishly mature, suggesting a bounce and bearish for
stock market.
Major ETF Events
Mar 23,
2011-Wed-Several Force Vectors crossed into bullish domains. However,
several continue being shy about that and thus the stock market bear
remains with potential energy to wreak a bit more havoc.
Mar 22,
2011-Tue-There were none, but worthy to note Force Vectors, although
rising, did not cross into bull domains. That discourages potential
near-term bullish cycle.
Mar 21, 2011-Mon-The
stock market enjoyed solid bullish behavior. However, Force Vectors remain
in bearish domains. Although bearish aggression is configured as a bearish
spurt, current configurations do not support resumption of a Near-term
bullish cycle.
Current Strategy-Short-term Indicant- Mar 22, 2011. Force
Vectors remain in bearish domains. Although Vector Pressure still supports
the bull, risks of holding remain too high for those with sell/avoid
signals. For those of you who bought GLD on the Dec 2008 buy signal, wait
for the price to fall below Yellow before selling.
-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
03/23/2011
Mar 22, 2011 Indicant Daily Stock Market Report
Volume 03, Issue 16 ISSN 1526 6516 QT/ST
©
The Indicant Stock Market Report
Short-term Indicant Stock Market Report - Summary
Force Vectors
continue to increase from within bearish domains. Until they cross into
bullish domains, a new near-term bull cycle cannot manifest.
There is an absence
of consistency, suggesting a lack of strong bullish or bearish commitment,
but with an increasing edge favoring the bear on the short-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
major indices continue with near-term bearish unanimity. That is bearish,
as the stronger near-term bulls expired last Wednesday. Keep in mind,
configurations suggest this is a mere bearish spurt, but also keep in mind
all major bear markets originate as a bearish spurt. As long as the major
indices remain above QTI Bearish Yellow, it is a spurt and not a major
bear market.
The
Near-term Indicant is signaling bull for contrarian VIX, only. It is down
2.6% since its bull signal 2.1-weeks ago. It is down over 40% the past
four days, but remains configured as a VIX bull. It was not contrarian
today.
The
Near-term Indicant is signaling bear for all eleven major non-contrarian
indices. They are up by an average of 0.8% since their bear signals
1.4-weeks ago.
The
Quick-term Indicant continues signaling bull for ten major non-contrarian
indices and contrarian VIX. They are up by an average of 14.7% since their
bull signals an average of 24.7-weeks ago, annualizing at 31.1%.
The
Quick-term Indicant is signaling bear for the weak Dow Utilities. It is up
0.5% since its bear signal on Mar 15, 2011.
Short-term Market
Summary
Seven non-contrarian Red Bull configuration remains supportive of the
Quick-term bull cycle.
The
major indices remain with relatively high Pressure, but the Dow Utilities,
NASDAQ, and NASDAQ succumbed to short-term bearish Pressure yesterday.
Force Vectors are moving in a bullish cycle. As stated last week, the
nature of their inevitable rise and magnitude will add additional analyses
to measure the nature of this bearish spurt and determine if it has
designs to expanding from a bearish spurt to an outright bear. Of course,
it is possible for the Force Vectors to trigger a new Near-term bullish
cycle, but to do that, they must cross into bullish domains. Right now,
they remain in bearish domains with the exception of the Dow Transports.
Discerning is the VIX’s strong Force into bullish domains, although with a
sharp decline today. That is bullish for the VIX and bearish for the stock
market. In spite of the VIX’s price decline of over 40% the past four
trading days, its bullish Force remains as a threat to the stock market’s
short-term cycle. If VIX Force falls into bearish domains or even falls
below Pressure, the VIX threat will subside. On the contrary, VIX Force is
configuring for a solid bullish bounce in the next day or two.
Indicant Volume Indicators
Volume is finally
increasing. Unfortunately, this change in cycle correlates with bearish
aggression. That is, indeed, bearish.
The NASDAQ IVI
crossed into high activity domains on Mar 21, 2011. Although the NYSE
Indicant Volume Indicator remains in low interest domains, it is moving
robustly. There is an increasing interest in the stock market. Some could
argue that the earthquake and tsunami did not throw the stock market into
a nasty bearish slide, which is bullish to many.
Mar
22, 2011-Tue-Volume was mild, relative to recent levels, on mild
bearishness. However, both Indicant Volume Indicators continue moving
robustly in a confused state with robustness supporting both bear and
bull. The Quick-term cycle remains solidly bullish, while the near-term
cycle remains pestered by the bear’s ambition.
Mar
21, 2011-Mon-Volume was mild along historical comparisons but up a bit on
recent comparisons. That offers mild support for the bull, but recent
relationships offer a bit more support for bearishness. Volume continues
to not obviate directional stock market intensity.
Mar
18, 2011-Fri-Aggressive volume on passive bullishness is interesting. The
stock market enjoyed aggressive bullishness, but closed downward on this
day. There is no meaningful probabilistic relations with this
configuration. It does nothing to upset the invigorated bear, but also
does nothing toward reclassification from a mere bearish spurt.
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, consisting of a
combination of contrarians and non-contrarians. They are up by an average
of 14.8% since their buy signals an average of 16.0-weeks ago. This
annualizes at 48.0%.
The
NTI is avoiding 23-ETF’s. They are up by an average of 1.0% since their
sell signals an average of 2.1-weeks ago.
The
Quick-term Indicant generated no buy signals and no sell signals.
The
Quick-term Indicant is signaling hold for 31-ETF’s. They are up 18.6%
since their buy signals an average of 31.6-weeks ago. This annualizes at
30.6%. The Quick-term Indicant is signaling hold for both contrarian and
non-contrarian ETF’s. That combination of hold signals will not last too
long.
The
Quick-term Indicant is avoiding one ETF. It is
ETF-EWJ#06-Japan.
It is up 5.8% since the QTI signaled sell on Mar 14, 2011. It enjoyed a
solid bullish bounces last Thu-Fri-Mon, but was mildly bearish today. That
is a typical response to falling below QTI bearish yellow curve. Sometimes
a thorough bullish cycle manifests with that response and at other times
it descends below yellow and stays there with declining values for long
periods. Current configurations support the latter at this time. These
configurations are not static, though. The Japanese remain very
industrious and their economy should not be underestimated.
Technically, the Near-term Indicant is not supporting a bullish bounce for
EWJ at this time. Its Force Vector expended tremendous energy on its
recent bullish cycle. EWJ will most likely endure solid bearishness in the
next few days.
Short-term Summary: As stated yesterday, bullish behavior last Thu, Fri,
and Mon remains configured as a technical response to bearish aggression.
The primary attribute to monitor is Force Vector. Non-contrarians remain
in bearish domains. Contrarians remain in bullish domains. Today’s mild
bearishness supports the idea that a new NTI bullish cycle is not capable
at this time.
Contrarian Funds
ETF#03-Natural Resources.
The
Near-term and Quick-term Indicant signaled buy on Sep 15, 2010. It is up
43.6%, annualizing at 83.4% since then. This ETF remains with Red Bull
status, mitigating sustainable bearish threats. The “energy bear” cannot
find sustainable forces with current bullish attributes. This remains
bullish, but no longer solid, as Force remains in bearish domains. Force
is now rising and it may consume too much energy to manifest yet more
bullish behavior. However, Pressure is too high to allow massive bearish
influences in this sector. The expected rebound occurred the last Fri and
Mon. Its NTI Bullish Blue Curve collapsed this past Thursday, but not
enough other attributes support bearish behavior. Unfortunately, recent
bullish commentary about this ETF is about to change even though it
remains as a solid Red Bull.
ETF#11-Gold and Precious Metals
is
up 72.4% since the QTI signaled buy on December 11, 2008. Annualized
growth is at 31.4%. Bearish yellow is a good price to set stop losses for
a longer-term hold position, which is at $125.31 and still rising, albeit
slowing down. Being patient here is important since your buy price
approximates $80.65.
The
Near-term Indicant signaled buy on Feb 18, 2011. It is up 2.7% since then,
annualizing at 30.2%. It was again not contrarian. That has occurred for
six consecutive days, paralleling stock market behavior but paling in
magnitude.
Near-term attributes for signaling next sell signal will be price below
NTI Blue with negative Vector Pressure. It passed above NTI Blue yesterday
and Pressure remains solidly positive. Interestingly, its Force Vector
crossed into bullish domains today. If it holds there, the gold bear will
lack ambition.
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 from both the Quick-term Indicant and Short-term
Indicant on Mar 10, 2011 after falling over 8.0% from its Quick-term sell
signal on Oct 14, 2010 and basically flat since the Near-term sell signal
on Nov 15, 2010. It is no longer a Yellow Bear and too many attributes are
shifting in favor of bullish behavior. It is up 1.2% since buy signals on
Mar 10, 2011, annualizing at 37.3%.
The
Near-term Indicant and Quick-term Indicant signaled buy on Mar 10, 2011
for
ETF#31-QID.
It
was down over 30.0% since its October 14, 2010 sell signal. The overall
stock market is somewhat supportive of QID’s bullish desires. It is up
1.9% since the Mar 10, 2011 buy signal, annualizing at 57.4%
The
Quick-term and Near-term Indicant signaled buy on Mar 10, 2011 for
ETF#32-VXX.
It was down over 55.5% since its prior Near-term Indicant sell signal on
Sep 2, 2010. Its Pressure is now positioned to offer a bullish expression
on a short-term horizon. It is down 4.2% since the Mar 10 buy signal.
Major ETF Events
Mar 22,
2011-Tue-There were none, but worthy to note Force Vectors, although
rising, did not cross into bull domains. That discourages potential
near-term bullish cycle.
Mar 21, 2011-Mon-The
stock market enjoyed solid bullish behavior. However, Force Vectors remain
in bearish domains. Although bearish aggression is configured as a bearish
spurt, current configurations do not support resumption of a Near-term
bullish cycle.
Current Strategy-Short-term Indicant- Mar 22, 2011. Force
Vectors remain in bearish domains. Although Vector Pressure still supports
the bull, risks of holding remain too high for those with sell/avoid
signals. For those of you who bought GLD on the Dec 2008 buy signal, wait
for the price to fall below Yellow before selling.
-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
03/22/2011
Mar 21, 2011 Indicant Daily Stock Market Report
Volume 03, Issue 15 ISSN 1526 6516 QT/ST
©
The Indicant Stock Market Report
Short-term Indicant Stock Market Report - Summary
In spite of bullish
behavior the last three days, Force Vectors remain in bearish domains.
This is unsupportive of a renewed near-term bullish cycle. Although
configurations continue suggesting this is a mere bearish spurt, the
near-term cycle requires Force in bullish domains higher than Vector
Pressure.
Quick-term cycle sell
signals will not occur until price fall below the QTI bearish yellow
curve.
ETF#06-EWJ-Japan
endured last week. It has rebounded solidly since then, which is
configured as a technical reaction to bearish aggression. Its Force Vector
is now moving north. It will probably expend too much energy climbing into
bullish domains to manifest a renewed near-term bullish cycle.
As stated last week,
major indices and most non-contrarian ETF’s remain with relatively high
Vector Pressure, including those with Near-term bear/avoid signals.
Therefore, the bull still has some weapons to unleash toward the bear.
That occurred the last three days.
There is an absence
of consistency, suggesting a lack of strong bullish or bearish commitment,
but with an increasing edge favoring the bear on the short-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
major indices continue highlighting bearish unanimity. That is bearish, as
the stronger near-term bulls expired last Wednesday. Keep in mind,
configurations suggest this is a mere bearish spurt, but also keep in mind
all major bear markets originate as a bearish spurt. As long as the major
indices remain above QTI Bearish Yellow, it is a spurt and not a major
bear market.
The
Near-term Indicant is signaling bull for contrarian VIX, only. It is down
0.8% since its bull signal on 2.0-weeks ago. It is down over 40% the past
three days, but remains configured as a VIX bull.
The
Near-term Indicant is signaling bear for all eleven major non-contrarian
indices. They are up by an average of 1.2% since their bear signals
1.2-weeks ago.
The
Quick-term Indicant continues signaling bull for ten major non-contrarian
indices and contrarian VIX. They are up by an average of 15.4% since their
bull signals an average of 24.5-weeks ago, annualizing at 32.6%.
The
Quick-term Indicant is signaling bear for the weak Dow Utilities. It is up
0.5% since its bear signal on Mar 15, 2011.
Short-term Market
Summary
Eight non-contrarian Red Bull configuration remains supportive of the
Quick-term bull cycle.
The
major indices remain with relatively high Pressure, but the Dow Utilities,
NASDAQ, and NASDAQ succumbed to short-term bearish Pressure today.
Force Vectors finally completed their bearish cycle. They are now into a
bullish cycle. As stated last week, the nature of their inevitable rise
and magnitude will add additional analyses to measure the nature of this
bearish spurt and determine if it has designs to expanding from a bearish
spurt to an outright bear. Of course, it is possible for the Force Vectors
to trigger a new Near-term bullish cycle, but to do that, they must cross
into bullish domains. Right now, they remain in bearish domains.
Discerning is the VIX’s strong Force well into bullish domains. That is
bullish for the VIX and bearish for the stock market. In spite of the
VIX’s price decline of approximately 40% the past three trading days, its
bullish Force remains as a threat to the stock market’s short-term cycle.
If VIX Force falls into bearish domains or even falls below Pressure, the
VIX threat will subside.
Indicant Volume Indicators
Volume is finally
increasing. Unfortunately, this change in cycle correlates with bearish
aggression. That is, indeed, bearish.
The NASDAQ IVI
crossed into high activity domains today. Although the NYSE Indicant
Volume Indicator remains in low interest domains, it is moving robustly.
There is an increasing interest in the stock market. Some could argue that
the earthquake and tsunami did not throw the stock market into a nasty
bearish slide, which is bullish to many.
Mar
21, 2011-Mon-Volume was mild along historical comparisons but up a bit on
recent comparisons. That offers mild support for the bull, but recent
relationships offer a bit more support for bearishness. Volume continues
to not obviate directional stock market intensity.
Mar
18, 2011-Fri-Aggressive volume on passive bullishness is interesting. The
stock market enjoyed aggressive bullishness, but closed downward on this
day. There is no meaningful probabilistic relations with this
configuration. It does nothing to upset the invigorated bear, but also
does nothing toward reclassification from a mere bearish spurt.
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, consisting of a
combination of contrarians and non-contrarians. They are up by an average
of 15.1% since their buy signals an average of 15.9-weeks ago. This
annualizes at 49.4%.
The
NTI is avoiding 23-ETF’s. They are up by an average of 1.2% since their
sell signals an average of 1.9-weeks ago.
The
Quick-term Indicant generated no buy signals and no sell signals.
The
Quick-term Indicant is signaling hold for 31-ETF’s. They are up 19.0%
since their buy signals an average of 31.5-weeks ago. This annualizes at
31.3%. The Quick-term Indicant is signaling hold for both contrarian and
non-contrarian ETF’s. That combination of hold signals will not last too
long.
The
Quick-term Indicant is avoiding one ETF. It is
ETF-EWJ#06-Japan.
It is up 6.1% since the QTI signaled sell on Mar 14, 2011. It enjoyed a
solid bullish bounces the past three trading days. That is a typical
response to falling below QTI bearish yellow curve. Sometimes a thorough
bullish cycle manifests with that response and at other times it descends
below yellow and stays there with declining values for long periods.
Current configurations support the latter at this time. These
configurations are not static, though. The Japanese remain very
industrious and their economy should not be underestimated.
Short-term Summary: Bullish behavior the past three days remains
configured as a technical response to bearish aggression. The primary
attribute to monitor is Force Vector. Non-contrarians remain in bearish
domains. Contrarians remain in bullish domains.
Contrarian Funds
ETF#03-Natural Resources.
The
Near-term and Quick-term Indicant signaled buy on Sep 15, 2010. It is up
43.9%, annualizing at 84.5%, since then. This ETF remains with Red Bull
status, mitigating sustainable bearish threats. The “energy bear” cannot
find sustainable forces with current bullish attributes. This remains
bullish, but no longer solid, as Force remains in bearish domains. Force
is now rising and it may consume too much energy to manifest yet more
bullish behavior. However, Pressure is too high to allow massive bearish
influences in this sector. The expected rebound occurred the past two
days. Its NTI Bullish Blue Curve collapsed this past Thursday, but not
enough other attributes support bearish behavior.
ETF#11-Gold and Precious Metals
is
up 72.5% 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 $125.09 and still rising, albeit
slowing down. Being patient here is important since your buy price
approximates $80.65.
The
Near-term Indicant signaled buy on Feb 18, 2011. It is up 2.8% since then,
annualizing at 32.0%. It was again not contrarian. That has occurred for
five consecutive days, paralleling stock market behavior but paling in
magnitude.
Near-term attributes for signaling next sell signal will be price below
NTI Blue with negative Vector Pressure. It passed above NTI Blue today and
Pressure remains solidly positive.
Click this sentence for additional charting and current forecasting of the
actual price of gold.
As
stated since late 2008, 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 advise of that potential
when it occurs. Keep in mind, currencies can be manipulated for a period.
However, currencies decoupled from production and related productivity
will endure inflation regardless of political witch doctoring. Keep in
mind, GLD tracks the price of gold in U.S. dollars. A strengthening dollar
will have a depressing effect on the price of gold. Please read on, as
this paragraph is now being challenged.
A
sound fundamental persists in continued threats to the gold bull.
In
reference to the Indicant Weekly Report of January 16, 2011, political
influences may be gold’s worst enemy, as it is approaching its prior peak
from 1492.
If political forces result in shifting sovereign debt loads to the south,
currencies will strengthen, dampening the “emotional” value of gold. The
Tea Party movement may invoke this shift, as that political pressure
strongly supports dynamic cuts in Federal spending. Perceptions hold that
will dampen inflationary threats and thus depress the price of Gold in
U.S. dollars.
The
above fundamental commentaries conflict. However, the Tea Party movement
must manifest its desires into laws and real budgets before the bearish
fundamental can occur. If Federal spending continues, gold will skyrocket
in U.S. dollars.
Those $3,000,000 retirement accounts people worked hard to save can become
worthless, even if you own Boardwalk and Park Place, where the weekly rent
will be a hundred grand or two. Politicians can destroy that without even
taxing it. Their inflationary policies will do the trick.
ETF#14-TLT-Long Government
received a buy signal from both the Quick-term Indicant and Short-term
Indicant on Mar 10, 2011 after falling over 8.0% from its Quick-term sell
signal on Oct 14, 2010 and basically flat since the Near-term sell signal
on Nov 15, 2010. It is no longer a Yellow Bear and too many attributes are
shifting in favor of bullish behavior. It is up 0.9% since buy signals on
Mar 10, 2011, annualizing at 29.7%.
The
Near-term Indicant and Quick-term Indicant signaled buy on Mar 10, 2011
for
ETF#31-QID.
It
was down over 30.0% since its October 14, 2010 sell signal. The overall
stock market is somewhat supportive of QID’s bullish desires. It is up
1.7% since the Mar 10, 2011 buy signal, annualizing at 54.1%
The
Quick-term and Near-term Indicant signaled buy on Mar 10, 2011 for
ETF#32-VXX.
It was down over 55.5% since its prior Near-term Indicant sell signal on
Sep 2, 2010. Its Pressure is now positioned to offer a bullish expression
on a short-term horizon. It is down 3.7% since the Mar 10 buy signal.
Major ETF Events
Mar 21, 2011-Mon-The
stock market enjoyed solid bullish behavior. However, Force Vectors remain
in bearish domains. Although bearish aggression is configured as a bearish
spurt, current configurations do not support resumption of a Near-term
bullish cycle.
Current Strategy-Short-term Indicant- Mar 21, 2011. Force
Vectors remain in bearish domains. Although Vector Pressure still supports
the bull, risks of holding remain too high for those receiving sell
signals. For those of you who bought GLD on the Dec 2008 buy signal, wait
for the price to fall below Yellow before selling.
-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
03/21/2011
Mar 18, 2011 Indicant Daily Stock Market Report
Volume 03, Issue 14 ISSN 1526 6516 QT/ST
©
The Indicant Stock Market Report
Short-term Indicant Stock Market Report - Summary
Last Thursday’s
bullish aggression was accompanied with passive volume, relative to recent
bearish volume. Friday’s mild bullish behavior was accompanied with
increased volume with most of that increase paralleling late day bearish
behavior. In other words, volume remains supportive of the bear. Most
prices remain below NTI Green, which is bearish on the near-term cycle.
None of the non-contrarian ETF’s are above the NTI bearish green curve.
The Quick-term cycle
is with minimal Red Bull support. The region between QTI Red and QTI
Yellow generally invites turbulence. Until Red Bulls manifest again, do
not be surprised at price volatility.
Such bearish
commentary does not mean the stock market bear is about to unleash a solid
and long lasting attack on the bull. However, this bearish spurt is
gaining momentum in spite of bullish behavior this past Thu and Fri.
Interestingly,
nature’s force is influential to the underlying bearish spurt, as opposed
to economic reason. Even more interestingly, bearish configurations first
appeared before Japan’s earthquake and tsunami. Most of the
internationally related ETF sell signals occurred weeks before Japan’s
earthquake and tsunami struck.
Quick-term cycle sell
signals will not occur until price fall below the QTI bearish yellow
curve.
ETF#06-EWJ-Japan
endured that this past Tuesday.
Major indices and
most non-contrarian ETF’s remain with relatively high Vector Pressure,
including those with Near-term bear/avoid signals. Therefore, the bull
still has some weapons to unleash toward the bear. However, contrarian
ETF’s Force Vectors continue rising in bullish domains. Non contrarians
were falling in bearish domains, but most are reversing as the cycle is
mature.
There is an absence
of consistency, suggesting a lack of strong bullish or bearish commitment,
but with an increasing edge favoring the bear on the short-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
major indices continue highlighting bearish unanimity. That is bearish, as
the stronger near-term bulls expired this past Wednesday. Keep in mind,
configurations suggest this is a mere bearish spurt, but also keep in mind
all major bear markets originate as a bearish spurt. As long as the major
indices remain above QTI Bearish Yellow, it is a spurt and not a major
bear market.
The
Near-term Indicant is signaling bull for contrarian VIX, only. It is up
18.3% since its bull signal on 1.6-weeks ago, annualizing at 598.8%. It is
down nearly 20% the past two days, but remains configured as a VIX bull.
The
Near-term Indicant is signaling bear for all eleven major non-contrarian
indices. They are down by an average of 0.5% since their bear signals
0.8-weeks ago.
The
Quick-term Indicant continues signaling bull for ten major non-contrarian
indices and contrarian VIX. They are up by an average of 15.2% since their
bull signals an average of 24.1-weeks ago, annualizing at 32.9%.
The
Quick-term Indicant is signaling bear for the weak Dow Utilities. It is
down 1.0% since its bear signal on Mar 15, 2011.
Short-term Market
Summary
Only
two non-contrarian Red Bull configuration remains supportive of the
Quick-term bull cycle. They are the more dynamic S&P400 and S&P600
Indices.
The
major indices remain with relatively high Pressure, including those with
Near-term Bear signals. In other words, the bull remains armed and capable
of counter attacking the bear on the near-term cycle. Technically, this
remains a bearish spurt in spite of Japan’s problems.
Force Vectors are bearishly mature. The nature of their inevitable rise
and magnitude will add additional analyses to measure the nature of this
bearish spurt and determine if it has designs to expanding from a bearish
spurt to an outright bear. Of course, it is possible for the Force Vectors
to trigger a new Near-term bullish cycle, but to do that, they must cross
into bullish domains. Right now, they remain in bearish domains.
Indicant Volume Indicators
Volume is finally
increasing. Unfortunately, this change in cycle correlates with bearish
aggression. That is, indeed, bearish.
Mar
18, 2011-Fri-Aggressive volume on passive bullishness is interesting. The
stock market enjoyed aggressive bullishness, but closed downward on this
day. There is no meaningful probabilistic relations with this
configuration. It does nothing to upset the invigorated bear, but also
does nothing toward reclassification from a mere bearish spurt.
Mar
17, 2011-Thu-Reduced volume on bullish aggression is not inspirational to
the bull.
Mar
16, 2011-Wed-Volume was again more aggressive on bearish aggression,
fostering an increase in bearish interest.
Mar
15, 2011-Tue-Volume was more aggressive today on bearish aggression. This
lends support for continuation of bearish bias, but it remains as a
bearish spurt for the time being.
Mar
14, 2011-Mon-Volume was up today, but less than what occurred last
Thursday on more aggressive bearishness. Bias a bit tricky right now as
the underlying bearish spurt gains traction.
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, consisting of a
combination of contrarians and non-contrarians. They are up by an average
of 14.9% since their buy signals an average of 15.5-weeks ago. This
annualizes at 49.9%.
The
NTI is avoiding 23-ETF’s. They are down by an average of 0.6% 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 31-ETF’s. They are up 17.4%
since their buy signals an average of 31.1-weeks ago. This annualizes at
29.2%. The Quick-term Indicant is signaling hold for both contrarian and
non-contrarian ETF’s. That combination of hold signals will not last too
long.
Current near-term bias favors more sell signals for non-contrarians. That
occurred last Tue and Wed. More should be expected, but attributes must
justify, as opposed to forecasting.
The
Quick-term Indicant is avoiding one ETF. It is
ETF-EWJ#06-Japan.
It is up 3.2% since the QTI signaled sell on Mar 14, 2011. It enjoyed a
solid bullish bounces last Thu/Fri. That is a typical response to falling
below QTI bearish yellow curve. Sometimes a thorough bullish cycle
manifests with that response and at other times it descends below yellow
and stays there with declining values for long periods. Current
configurations support the latter at this time. Theses configurations are
not static, though. The Japanese remain very industrious and their economy
should not be underestimated.
Short-term Summary: Non-contrarian Red Bulls (lost 13-this past Wed)
remain as a minority even though there was a gain of eight today. All of
the all contrarian ETF’s are Red Bulls. Last Wed/Thu suggested the absence
of non-contrarian Red Bulls were no longer mitigating dynamic and
sustainable bearish behavior. However, bullish behavior the past two days
offer some protection against dynamic and sustainable bearish behavior.
Last Wed/Thu included no non-contrarian NTI Blue Bulls offering little
inspiration for a new Near-term bullish cycle. However, bullish behavior
the past two days has produced five non-contrarian NTI Blue Bulls. The
near-term cycle is also adding protection against any terrorizing bear
market.
Contrarian Funds
ETF#03-Natural Resources.
The
Near-term and Quick-term Indicant signaled buy on Sep 15, 2010. It is up
39.2%, annualizing at 76.6%, since then. This ETF remains with Red Bull
status, mitigating sustainable bearish threats. The “energy bear” cannot
find sustainable forces with current bullish attributes. This remains
bullish, but no longer solid, as Force remains in bearish domains.
However, Pressure is too high to allow massive bearish influences in this
sector. There should be a rebound, offering greater obviations of
directional intensity. Its NTI Bullish Blue Curve collapsed this past
Thursday, but not enough other attributes support bearish behavior.
ETF#11-Gold and Precious Metals
is
up 71.6% since the QTI signaled buy on December 11, 2008. Annualized
growth is at 31.2%. Bearish yellow is a good price to set stop losses for
a longer-term hold position, which is at $125.09 and still rising, albeit
slowing down. Being patient here is important since your buy price
approximates $80.65.
The
Near-term Indicant signaled buy on Feb 18, 2011. It is up 2.2% since then,
annualizing at 28.1%. It was again not contrarian. That has occurred for
four consecutive days, paralleling stock market behavior but paling in
magnitude.
Near-term attributes for signaling next sell signal will be price below
NTI Blue with negative Vector Pressure. It is below NTI Blue, but Pressure
remains positive.
Click this sentence for additional charting and current forecasting of the
actual price of gold.
As
stated since late 2008, 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 advise of that potential
when it occurs. Keep in mind, currencies can be manipulated for a period.
However, currencies decoupled from production and related productivity
will endure inflation regardless of political witch doctoring. Keep in
mind, GLD tracks the price of gold in U.S. dollars. A strengthening dollar
will have a depressing effect on the price of gold. Please read on, as
this paragraph is now being challenged.
A
sound fundamental persists in continued threats to the gold bull.
In
reference to the Indicant Weekly Report of January 16, 2011, political
influences may be gold’s worst enemy, as it is approaching its prior peak
from 1492.
If political forces result in shifting sovereign debt loads to the south,
currencies will strengthen, dampening the “emotional” value of gold. The
Tea Party movement may invoke this shift, as that political pressure
strongly supports dynamic cuts in Federal spending. Perceptions hold that
will dampen inflationary threats and thus depress the price of Gold in
U.S. dollars.
The
above fundamental commentaries conflict. However, the Tea Party movement
must manifest its desires into laws and real budgets before the bearish
fundamental can occur. If Federal spending continues, gold will skyrocket
in U.S. dollars.
Those $3,000,000 retirement accounts people worked hard to save can become
worthless, even if you own Boardwalk and Park Place, where the weekly rent
will be a hundred grand or two. Politicians can destroy that without even
taxing it. Their inflationary policies will do the trick.
ETF#14-TLT-Long Government
received a buy signal from both the Quick-term Indicant and Short-term
Indicant on Mar 10, 2011 after falling over 8.0% from its Quick-term sell
signal on Oct 14, 2010 and basically flat since the Near-term sell signal
on Nov 15, 2010. It is no longer a Yellow Bear and too many attributes are
shifting in favor of bullish behavior. It is up 1.5% since buy signals on
Mar 10, 2011, annualizing at 67.7%.
Interestingly, TLT was also not contrarian today with mild bullishness
paralleling mild stock market bullishness.
The
Near-term Indicant and Quick-term Indicant signaled buy on Mar 10, 2011
for
ETF#31-QID.
It
was down over 30.0% since its October 14, 2010 sell signal. The overall
stock market is somewhat supportive of QID’s bullish desires. It is up
5.6% since the Mar 10, 2011 buy signal, annualizing at 253.3%
The
Quick-term and Near-term Indicant signaled buy on Mar 10, 2011 for
ETF#32-VXX.
It was down over 55.5% since its prior Near-term Indicant sell signal on
Sep 2, 2010. Its Pressure is now positioned to offer a bullish expression
on a short-term horizon. It is up 4.2% since the Mar 10 buy signal,
annualizing at 190.8%.
Major ETF Events
Mar 18, 2011-Fri-A
mild bullish bounce closed after being aggressively bullish earlier in the
sessions. Most non-contrarians were also mildly bullish, suggesting stock
market confusion. It seldom remains confused too long, though.
Mar 17,
2011-ThuBullish expression is configured as a reverberation, but within a
bearish spurt, as opposed to a sustainable bear.
Mar 16, 2011-All
non-contrarian Quick-term Red Bulls expired.
Mar 15, 2011-All
non-contrarian Near-term Blue Bulls expired.
Mar 14,
2011-ETF#06-Japan fell below QTI Bearish Yellow and received a Quick-term
bear signal. It received a Near-term sell signal on Mar 10, 2011. It is
down 8.6% since that Near-term sell signal with its collapse today. The
Quick-term Indicant had to signal sell even though its Force Vector is
bearishly mature, which is invitational to a bullish response.
Current Strategy-Short-term Indicant- Mar 18, 2011.
Several prices fell below NTI Green the past several days with declining
and weakening Force. Although Vector Pressure still supports the bull,
risks of holding remain too high for those receiving sell signals. For
those of you who bought GLD on the Dec 2008 buy signal, wait for the price
to fall below Yellow before selling.
-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
03/18/2011
Mar 17, 2011 Indicant Daily Stock Market Report
Volume 03, Issue 13 ISSN 1526 6516 QT/ST
©
The Indicant Stock Market Report
Short-term Indicant Stock Market Report - Summary
Today’s bullish
aggression was accompanied with passive volume, relative to related
bearish volume. In other words, volume remains supportive of the bear.
Most prices remain below NTI Green, which is bearish on the near-term
cycle.
The Quick-term cycle
is without Red Bull support. The region between QTI Red and QTI Yellow
generally invites turbulence. Until Red Bulls manifest again, do not be
surprised at price volatility.
Such bearish
commentary does not mean the stock market bear is about to unleash a solid
and long lasting attack on the bull. However, this bearish spurt is
gaining momentum. Interestingly, nature’s force is influential, as opposed
to economic reason. Even more interestingly, bearish configurations first
appeared before Japan’s earthquake and tsunami.
Quick-term cycle sell
signals will not occur until price fall below the QTI bearish yellow
curve.
ETF#06-EWJ-Japan
endured that this past Tuesday.
Major indices and
most non-contrarian ETF’s remain with relatively high Vector Pressure,
including those with Near-term bear/avoid signals. Therefore, the bull
still has some weapons to unleash toward the bear. However, contrarian
ETF’s Force Vectors continue rising in bullish domains. Non contrarians
are falling in bearish domains. There is an absence of consistency,
suggesting a lack of strong bullish or bearish commitment, but with an
increasing edge favoring the bear on the short-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
major indices are now highlighting bearish unanimity. That is bearish, as
the stronger near-term bulls expired this past Wednesday.
The
Near-term Indicant is signaling bull for contrarian VIX, only. It is up
27.6% since its bull signal on 1.4-weeks ago, annualizing at 1,006.0%.
The
Near-term Indicant is signaling bear for all eleven major non-contrarian
indices. They are down by an average of 1.1% since their bear signals
0.6-weeks ago.
The
Quick-term Indicant continues signaling bull for ten major non-contrarian
indices and contrarian VIX. They are up by an average of 15.5% since their
bull signals an average of 23.9-weeks ago, annualizing at 33.7%.
The
Quick-term Indicant is signaling bear for the weak Dow Utilities. It is
down 1.5% since its bear signal on Mar 15, 2011.
Short-term Market
Summary
Only
one non-contrarian Red Bull configuration remains supportive of the
Quick-term bull cycle. It is the S&P400 Index.
The
major indices remain with relatively high Pressure, including those with
Near-term Bear signals. In other words, the bull remains armed and capable
of counter attacking the bear on the near-term cycle. Technically, this
remains a bearish spurt in spite of Japan’s problems.
Force Vectors are bearishly mature. The nature of their inevitable rise
and its magnitude will add additional analyses to measure the nature of
this bearish spurt and determine if it has designs to expanding from a
bearish spurt to an outright bear.
Indicant Volume Indicators
Volume is finally
increasing. Unfortunately, this change in cycle correlates with bearish
aggression. That is, indeed, bearish.
Mar
17, 2011-Thu-Reduced volume on bullish aggression is not inspirational to
the bull.
Mar
16, 2011-Wed-Volume was again more aggressive on bearish aggression,
fostering an increase in bearish interest.
Mar
15, 2011-Tue-Volume was more aggressive today on bearish aggression. This
lends support for continuation of bearish bias, but it remains as a
bearish spurt for the time being.
Mar
14, 2011-Mon-Volume was up today, but less than what occurred last
Thursday on more aggressive bearishness. Bias a bit tricky right now as
the underlying bearish spurt gains traction.
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, consisting of a
combination of contrarians and non-contrarians. They are up by an average
of 14.7% since their buy signals an average of 15.3-weeks ago. This
annualizes at 49.9%.
The
NTI is avoiding 23-ETF’s. They are down by an average of 1.2% 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 31-ETF’s. They are up 16.9%
since their buy signals an average of 30.9-weeks ago. This annualizes at
28.5%. The Quick-term Indicant is signaling hold for both contrarian and
non-contrarian ETF’s. That combination of hold signals will not last too
long. Current bias favors more sell signals for non-contrarians. That
occurred last Tue and Wed. More should be expected, but attributes must
justify, as opposed to forecasting.
The
Quick-term Indicant is avoiding one ETF. It is
ETF-EWJ#06-Japan.
It is up 0.5% since the QTI signaled sell on Mar 14, 2011. It enjoyed a
solid bullish bounce today. That is a typical bullish response to falling
below QTI bearish yellow curve. Sometimes a thorough bullish cycle
manifests with that response and at other times it descends below yellow
and stays there for long periods. Current configurations support the
latter at this time. Theses configurations are not static, though.
Short-term Summary: There are only three Red Bulls (lost 13-this past
Wed). They are all contrarians. The absence of non-contrarian Red Bulls
are no longer mitigating dynamic and sustainable bearish behavior. There
are no non-contrarian NTI Blue Bulls offering little inspiration for a new
Near-term bullish cycle.
Contrarian Funds
ETF#03-Natural Resources.
The
Near-term and Quick-term Indicant signaled buy on Sep 15, 2010. It is up
40.3%, annualizing at 79.3%, since then. This ETF remains with Red Bull
status, mitigating sustainable bearish threats. The “energy bear” cannot
find sustainable forces with current bullish attributes. This remains
bullish, but no longer solid, as Force remains in bearish domains.
However, Pressure is too high to allow massive bearish influences in this
sector. There should be a rebound, offering greater obviations of
directional intensity. Its NTI Bullish Blue Curve collapsed today, but not
enough other attributes support bearish behavior.
ETF#11-Gold and Precious Metals
is
up 69.8% since the QTI signaled buy on December 11, 2008. Annualized
growth is at 30.4%. Bearish yellow is a good price to set stop losses for
a longer-term hold position, which is at $124.98 and still rising, albeit
slowing down. Being patient here is important since your buy price
approximates $80.65.
The
Near-term Indicant signaled buy on Feb 18, 2011. It is up 1.2% since then,
annualizing at 15.4%. It was again not contrarian. That has occurred for
three consecutive days, paralleling stock market behavior but paling in
magnitude.
Near-term attributes for signaling next sell signal will be price below
NTI Blue with negative Vector Pressure. It is below NTI Blue, but Pressure
remains positive.
Click this sentence for additional charting and current forecasting of the
actual price of gold.
As
stated since late 2008, 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 advise of that potential
when it occurs. Keep in mind, currencies can be manipulated for a period.
However, currencies decoupled from production and related productivity
will endure inflation regardless of political witch doctoring. Keep in
mind, GLD tracks the price of gold in U.S. dollars. A strengthening dollar
will have a depressing effect on the price of gold. Please read on, as
this paragraph is now being challenged.
A
sound fundamental persists in continued threats to the gold bull.
In
reference to the Indicant Weekly Report of January 16, 2011, political
influences may be gold’s worst enemy, as it is approaching its prior peak
from 1492.
If political forces result in shifting sovereign debt loads to the south,
currencies will strengthen, dampening the “emotional” value of gold. The
Tea Party movement may invoke this shift, as that political pressure
strongly supports dynamic cuts in Federal spending. Perceptions hold that
will dampen inflationary threats and thus depress the price of Gold in
U.S. dollars.
The
above fundamental commentaries conflict. However, the Tea Party movement
must manifest its desires into laws and real budgets before the bearish
fundamental can occur. If Federal spending continues, gold will skyrocket
in U.S. dollars.
Those $3,000,000 retirement accounts people worked hard to save can become
worthless, even if you own Boardwalk and Park Place, where the weekly rent
will be a hundred grand or two. Politicians can destroy that without even
taxing it. Their inflationary policies will do the trick.
ETF#14-TLT-Long Government
received a buy signal from both the Quick-term Indicant and Short-term
Indicant on Mar 10, 2011 after falling over 8.0% from its Quick-term sell
signal on Oct 14, 2010 and basically flat since the Near-term sell signal
on Nov 15, 2010. It is no longer a Yellow Bear and too many attributes are
shifting in favor of bullish behavior. It is up 1.2% since buy signals on
Mar 10, 2011, annualizing at 63.4%.
The
Near-term Indicant and Quick-term Indicant signaled buy on Mar 10, 2011
for
ETF#31-QID.
It
was down over 30.0% since its October 14, 2010 sell signal. The overall
stock market is somewhat supportive of QID’s bullish desires. It is up
5.2% since the Mar 10, 2011 buy signal, annualizing at 269.5%
The
Quick-term and Near-term Indicant signaled buy on Mar 10, 2011 for
ETF#32-VXX.
It was down over 55.5% since its prior Near-term Indicant sell signal on
Sep 2, 2010. Its Pressure is now positioned to offer a bullish expression
on a short-term horizon. It is up 7.5% since the Mar 10 buy signal,
annualizing at 388.1%.
Major ETF Events
Mar 17, 2011-Bullish
expression is configured as a reverberation, but within a bearish spurt,
as opposed to a sustainable bear.
Mar 16, 2011-All
non-contrarian Quick-term Red Bulls expired.
Mar 15, 2011-All
non-contrarian Near-term Blue Bulls expired.
Mar 14,
2011-ETF#06-Japan fell below QTI Bearish Yellow and received a Quick-term
bear signal. It received a Near-term sell signal on Mar 10, 2011. It is
down 8.6% since that Near-term sell signal with its collapse today. The
Quick-term Indicant had to signal sell even though its Force Vector is
bearishly mature, which is invitational to a bullish response.
Current Strategy-Short-term Indicant- Mar 17, 2011.
Several prices fell below NTI Green with declining and weak Force.
Although Vector Pressure still supports the bull, risks of holding are too
high for those receiving sell signals. For those of you who bought GLD on
Dec 2008 buy signal, wait for the price to fall below Yellow before
selling.
-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
03/17/2011
Mar 16, 2011 Indicant Daily Stock Market Report
Volume 03, Issue 12 ISSN 1526 6516 QT/ST
©
The Indicant Stock Market Report
Short-term Indicant Stock Market Report - Summary
Volume is increasing,
challenging bearish spurt commentary. However, bearish spurts can be
accompanied with volume surges, but only a day or two of such surges.
There has been two consecutive days of volume increases, although
bellowing from depressed levels. Regardless though these two consecutive
days offer the bear additional encouragement.
Such bearish
commentary does not mean the stock market bear is about to unleash a solid
and long lasting attack on the bull. However, this bearish spurt is
gaining momentum. Interestingly, nature’s force is influential, as opposed
to economic reason. Even more interestingly, bearish configurations first
appeared before Japan’s earthquake and tsunami.
Sell signal will not
occur until prices fall below the QTI bearish yellow curve.
ETF#06-EWJ-Japan
endured that this past Tuesday.
Major indices and
most non-contrarian ETF’s remain with relatively high Vector Pressure,
including those with Near-term bear/avoid signals. Therefore, the bull
still has some weapons to unleash toward the bear. However, contrarian
ETF’s Force Vectors continue rising in bullish domains. Non contrarians
are falling in bearish domains. There is an absence of consistency,
suggesting a lack of strong bullish or bearish commitment, but with an
increasing edge favoring the bear on the short-term cycle.
Near-term, Quick-term, Short-term Indicant Stock Market Details
The
Near-term Indicant signaled no new bulls and three new bears.
Click this sentence to see table leading to the charts.
The
major indices are now highlighting bearish unanimity. That is bearish, as
the stronger near-term bulls expired today.
The
Near-term Indicant is signaling bull for contrarian VIX, only. It is up
42.3% since its bull signal on 1.3-weeks ago, annualizing at 1,711.0%.
In
addition to today’s bear signals, the Near-term Indicant is signaling bear
for eight indices. They are down by an average of 2.9% since their bear
signals 0.7-weeks ago.
The
Quick-term Indicant continues signaling bull for the ten major
non-contrarian indices and contrarian VIX. They are up by an average of
15.7% since their bull signals an average of 23.8-weeks ago, annualizing
at 34.3%.
The
Quick-term Indicant is signaling bear for the weak Dow Utilities. It is
down 1.8% since its bear signal on Mar 15, 2011.
Short-term Market
Summary
Only
one non-contrarian Red Bull configuration remains supportive of the
Quick-term bull cycle. It is the S&P400. This last Red Bull will most
likely perish in a day or two. That will be even more inspirational to the
stock market bear, which is already enjoying significant inspiration.
The
major indices remain with relatively high Pressure, including those with
Near-term Bear signals. In other words, the bull remains armed and capable
of counter attacking the bear on the near-term cycle. Technically, this
remains a bearish spurt in spite of Japan’s problems.
Indicant Volume Indicators
Volume is finally
increasing. Unfortunately, this change in cycle correlates with bearish
aggression. That is, indeed, bearish.
Mar
16, 2011-Wed-Volume was again more aggressive on bearish aggression,
fostering an increase in bearish interest.
Mar
15, 2011-Tue-Volume was more aggressive today on bearish aggression. This
lends support for continuation of bearish bias, but it remains as a
bearish spurt for the time being.
Mar
14, 2011-Mon-Volume was up today, but less than what occurred last
Thursday on more aggressive bearishness. Bias a bit tricky right now as
the underlying bearish spurt gains traction.
Short-term ETF Report Card, Status, and Charts
The
Near-term Indicant generated no buy signals and seven sell signals.
The
Near-term Indicant is signaling hold for nine ETF’s, consisting of a
combination of contrarians and non-contrarians. They are up by an average
of 14.7% since their buy signals an average of 15.2-weeks ago. This
annualizes at 50.4%.
The
NTI is avoiding 16-ETF’s. They are down by an average of 3.4% since their
sell signals an average of 1.8-weeks ago.
The
Quick-term Indicant generated no buy signals and no sell signals.
The
Quick-term Indicant is signaling hold for 31-ETF’s. They are up 16.1%
since their buy signals an average of 30.8-weeks ago. This annualizes at
27.2%. The Quick-term Indicant is signaling hold for both contrarian and
non-contrarian ETF’s. That combination of hold signals will not last too
long. Current bias favors more sell signals for non-contrarians. That has
occurred the past two days.
The
Quick-term Indicant is avoiding one ETF. It is
ETF-EWJ#06-Japan.
It is down 3.9% since the QTI signaled sell on Mar 14, 2011.
Short-term Summary: There are only three Red Bulls (lost 13-today). They
are all contrarians. The absence of non-contrarian Red Bulls are no longer
mitigating dynamic and sustainable bearish behavior. There are no NTI Blue
Bulls offering little inspiration for a new Near-term bullish cycle.
Contrarian Funds
ETF#03-Natural Resources.
The
Near-term and Quick-term Indicant signaled buy on Sep 15, 2010. It is up
36.1%, annualizing at 71.5%, since then. This ETF remains with Red Bull
status, mitigating sustainable bearish threats. The “energy bear” cannot
find sustainable forces with current bullish attributes. This remains
bullish, but no longer solid, as Force remains in bearish domains.
However, Pressure is too high to allow massive bearish influences in this
sector. There should be a rebound, offering greater obviations of
directional intensity.
ETF#11-Gold and Precious Metals
is
up 68.9% since the QTI signaled buy on December 11, 2008. Annualized
growth is at 30.1%. Bearish yellow is a good price to set stop losses for
a longer-term hold position, which is at $124.87 and still rising, albeit
slowing down. Being patient here is important since your buy price
approximates $80.65.
The
Near-term Indicant signaled buy on Feb 18, 2011. It is up 0.6% since then,
annualizing at 8.5%. It was again not contrarian. That has occurred for
two consecutive days.
Near-term attributes for signaling next sell signal will be price below
NTI Blue with negative Vector Pressure. It is now below NTI Blue, but
Pressure remains positive.
Click this sentence for additional charting and current forecasting of the
actual price of gold.
As
stated since late 2008, 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 advise of that potential
when it occurs. Keep in mind, currencies can be manipulated for a period.
However, currencies decoupled from production and related productivity
will endure inflation regardless of political witch doctoring. Keep in
mind, GLD tracks the price of gold in U.S. dollars. A strengthening dollar
will have a depressing effect on the price of gold. Please read on, as
this paragraph is now being challenged.
A
sound fundamental persists in continued threats to the gold bull.
In
reference to the Indicant Weekly Report of January 16, 2011, political
influences may be gold’s worst enemy, as it is approaching its prior peak
from 1492.
If political forces result in shifting sovereign debt loads to the south,
currencies will strengthen, dampening the “emotional” value of gold. The
Tea Party movement may invoke this shift, as that political pressure
strongly supports dynamic cuts in Federal spending. Perceptions hold that
will dampen inflationary threats and thus depress the price of Gold in
U.S. dollars.
The
above fundamental commentaries conflict. However, the Tea Party movement
must manifest its desires into laws and real budgets before the bearish
fundamental can occur. If Federal spending continues, gold will skyrocket
in U.S. dollars.
Those $3,000,000 retirement accounts people worked hard to save can become
worthless, even if you own Boardwalk and Park Place, where the weekly rent
will be a hundred grand or two. Politicians can destroy that without even
taxing it. Their inflationary policies will do the trick.
ETF#14-TLT-Long Government
received a buy signal from both the Quick-term Indicant and Short-term
Indicant on Mar 10, 2011 after falling over 8.0% from its Quick-term sell
signal on Oct 14, 2010 and basically flat since the Near-term sell signal
on Nov 15, 2010. It is no longer a Yellow Bear and too many attributes are
shifting in favor of bullish behavior. It is up 2.0% since buy signals on
Mar 10, 2011, annualizing at 120.9%.
The
Near-term Indicant and Quick-term Indicant signaled buy on Mar 10, 2011
for
ETF#31-QID.
It
was down over 30.0% since its October 14, 2010 sell signal. The overall
stock market is somewhat supportive of QID’s bullish desires. It is up
7.2% since the Mar 10, 2011 buy signal, annualizing at 480.3%
The
Quick-term and Near-term Indicant signaled buy on Mar 10, 2011 for
ETF#32-VXX.
It was down over 55.5% since its prior Near-term Indicant sell signal on
Sep 2, 2010. Its Pressure is now positioned to offer a bullish expression
on a short-term horizon. It is up 10.9% since the Mar 10 buy signal,
annualizing at 656.3%.
Major ETF Events
Mar 16, 2011-All
non-contrarian Quick-term Red Bulls expired.
Mar 15, 2011-All
non-contrarian Near-term Blue Bulls expired.
Mar 14,
2011-ETF#06-Japan fell below QTI Bearish Yellow and received a Quick-term
bear signal. It received a Near-term sell signal on Mar 10, 2011. It is
down 8.6% since that Near-term sell signal with its collapse today. The
Quick-term Indicant had to signal sell even though its Force Vector is
bearishly mature, which is invitational to a bullish response.
Current Strategy-Short-term Indicant- Mar 16, 2011.
Several prices fell below NTI Green with declining and weak Force.
Although Vector Pressure still supports the bull, risks of holding are too
high for those receiving sell signals. For those of you who bought GLD on
Dec 2008 buy signal, wait for the price to fall below Yellow before
selling.
-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
03/16/2011
Mar 15, 2011 Indicant Daily Stock Market Report
Volume 03, Issue 11 ISSN 1526 6516 QT/ST
©
The Indicant Stock Market Report
Short-term Indicant Stock Market Report - Summary
Recent comments about
the bear’s inspiration continue manifestation. Although this is most
likely a bearish spurt, it appears to have some tenacity. Many prices are
below NTI Green, but well above QTI Yellow. This is, quite often, a very
turbulent zone. Do not be surprised at some added volatility until
directional intensity is more certain, regardless of the direction.
Such bearish
commentary does not mean the stock market bear is about to unleash a solid
and long lasting attack on the bull. However, this bearish spurt is
gaining momentum. Interestingly, nature’s force is influential, as opposed
to economic reason. Even more interestingly, bearish configurations first
appeared before Japan’s earthquake and tsunami.
Sell signal will not
occur until prices fall below the QTI bearish yellow curve.
ETF#06-EWJ-Japan
endured that yesterday.
Major indices and
most non-contrarian ETF’s remain with relatively high Vector Pressure,
including those with Near-term bear/avoid signals. Therefore, the bull
still has some weapons to unleash toward the bear. However, contrarian
ETF’s Force Vectors continue rising in bullish domains. Non contrarians
are falling in bearish domains. There is an absence of consistency,
suggesting a lack of strong bullish or bearish commitment, but with a mild
edge favoring the bear on the short-term cycle.
Near-term, Quick-term, Short-term Indicant Stock Market Details
The
Near-term Indicant signaled no new bulls and two new bears.
Click this sentence to see table leading to the charts.
The
Near-term Indicant is signaling bull for four indices, including
contrarian VIX. They are up 18.0% since the NTI signaled bull an average
of 19.8-weeks ago. That annualizes to 47.5%. The bull signals for both
contrarian (VIX) and the non-contrarians will not last long. The bull/bear
battle continues with the smaller caps demonstrating very little respect
for the bear’s ambition. However, the bear is working very hard to gain
that respect and it may punish for not being respected.
The
Near-term Indicant is signaling bear for six indices. They are down 1.1%
since their bear signals on May 10, 2011. NTI-Green is a common response
point to bearish aggression and that occurred this past Friday.
Unfortunately, the stock market does not always bounce back with bullish
glee. Sometimes it bounces to the north but cannot fully recover from
damages inflicted by the bear. Configurations remain supportive of the
latter.
The
Quick-term Indicant signaled bear today for the Dow Utilities. It did this
even though it has not yet contacted yellow. Today’s bear signal occurred
because the prior bull signal was not at Yellow. It was at Red and the
model attempts to disallow loss positions on the Quick-term model.
The
Quick-term Indicant is signaling bull for the ten other major
non-contrarian indices and contrarian VIX. They are up by an average of
15.3% since their bull signals an average of 23.7-weeks ago, annualizing
at 33.7%. The VIX will receive a bear signal when it falls below QTI
Yellow. The Near-term signal will also occur then. Unfortunately, for the
stock market bull, the VIX is moving with bullish aggression.
Short-term Market
Summary
Only
two non-contrarian Red Bull configurations remain supportive of the
Quick-term bull cycle. Seven non-contrarian Red Bulls were lost today. The
only remaining QTI Red Bulls are the S&P400 and S&P600 major indices.
The
bull and bear are engaging in battle. The stock market bear cannot gain
maximal traction without full cooperation of all the major indices.
The
mid-caps and small-caps are displaying very little respect to the stock
market bear.
With that, the bear simply cannot dominate, but it is working hard to
solidify its domination.
The
major indices remain with relatively high Pressure, including those with
Near-term Bear signals. In other words, the bull remains armed and capable
of counter attacking the bear on the near-term cycle. Technically, this
remains a bearish spurt in spite of Japan’s problems.
Indicant Volume Indicators
This has been a low
volume bull since inception in May 2009 with occasional volume surges in
support of the bull. The NASDAQ IVI is rising with mixed correlation to
bull/bear expressions. The big board’s IVI remains lethargic.
Mar
15, 2011-Tue-Volume was more aggressive today on bearish aggression. This
lends support for continuation of bearish bias, but it remains as a
bearish spurt for the time being.
Mar
14, 2011-Mon-Volume was up today, but less than what occurred last
Thursday on more aggressive bearishness. Bias a bit tricky right now as
the underlying bearish spurt gains traction.
Short-term ETF Report Card, Status, and Charts
The
Near-term Indicant generated no buy signals and five sell signals.
The
Near-term Indicant is signaling hold for 16-ETF’s. They are up by an
average of 14.1% since their buy signals an average of 19.8-weeks ago.
This annualizes at 37.0%.
The
NTI is avoiding eleven ETF’s. They are down by an average of 1.8% since
their sell signals an average of 1.8-weeks ago.
The
Quick-term Indicant generated no buy signals and no sell signals.
The
Quick-term Indicant is signaling hold for 31-ETF’s. They are up 17.4%
since their buy signals an average of 30.5-weeks ago. This annualizes at
31.4%. The Quick-term Indicant is signaling hold for both contrarian and
non-contrarian ETF’s. That combination of hold signals will not last too
long. Current bias favors more sell signals for non-contrarians.
The
Quick-term Indicant is avoiding one ETF. It is
ETF-EWJ#06-Japan.
It is up 0.1% since the QTI signaled sell on Mar 14, 2011.
Short-term Summary: There are 16-Red Bulls (lost four today), mitigating
dynamic and sustainable bearish behavior. There are no NTI Blue Bulls
offering little inspiration for a new Near-term bullish cycle.
Contrarian Funds
ETF#03-Natural Resources.
The
Near-term and Quick-term Indicant signaled buy on Sep 15, 2010. It is up
38.4%, annualizing at 76.3%, since then. This ETF remains with Red Bull
status, mitigating sustainable bearish threats. The “energy bear” cannot
find sustainable forces with current bullish attributes. This remains
bullish, but no longer solid, as Force remains in bearish domains.
However, Pressure is too high to allow massive bearish influences in this
sector.
ETF#11-Gold and Precious Metals
is
up 69.0% since the QTI signaled buy on December 11, 2008. Annualized
growth is at 30.1%. Bearish yellow is a good price to set stop losses for
a longer-term hold position, which is at $124.75 and still rising, albeit
slowing down. Being patient here is important since your buy price
approximates $80.65.
The
Near-term Indicant signaled buy on Feb 18, 2011. It is up 0.6% since then,
annualizing at 9.1%. It was not contrarian today.
Near-term attributes for signaling next sell signal will be price below
NTI Blue with negative Vector Pressure. It is now below NTI Blue, but
Pressure remains positive.
Click this sentence for additional charting and current forecasting of the
actual price of gold.
As
stated since late 2008, 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 advise of that potential
when it occurs. Keep in mind, currencies can be manipulated for a period.
However, currencies decoupled from production and related productivity
will endure inflation regardless of political witch doctoring. Keep in
mind, GLD tracks the price of gold in U.S. dollars. A strengthening dollar
will have a depressing effect on the price of gold. Please read on, as
this paragraph is now being challenged.
A
sound fundamental persists in continued threats to the gold bull.
In
reference to the Indicant Weekly Report of January 16, 2011, political
influences may be gold’s worst enemy, as it is approaching its prior peak
from 1492.
If political forces result in shifting sovereign debt loads to the south,
currencies will strengthen, dampening the “emotional” value of gold. The
Tea Party movement may invoke this shift, as that political pressure
strongly supports dynamic cuts in Federal spending. Perceptions hold that
will dampen inflationary threats and thus depress the price of Gold in
U.S. dollars.
The
above fundamental commentaries conflict. However, the Tea Party movement
must manifest its desires into laws and real budgets before the bearish
fundamental can occur. If Federal spending continues, gold will skyrocket
in U.S. dollars.
Those $3,000,000 retirement accounts people worked hard to save can become
worthless, even if you own Boardwalk and Park Place, where the weekly rent
will be a hundred grand or two. Politicians can destroy that without even
taxing it. Their inflationary policies will do the trick.
ETF#14-TLT-Long Government
received a buy signal from both the Quick-term Indicant and Short-term
Indicant on Mar 10, 2011 after falling over 8.0% from its Quick-term sell
signal on Oct 14, 2010 and basically flat since the Near-term sell signal
on Nov 15, 2010. It is no longer a Yellow Bear and too many attributes are
shifting in favor of bullish behavior. It is up 0.9% since buy signals on
Mar 10, 2011.
The
Near-term Indicant and Quick-term Indicant signaled buy on Mar 10, 2011
for
ETF#31-QID.
It
was down over 30.0% since its October 14, 2010 sell signal. The overall
stock market is somewhat supportive of QID’s bullish desires. It is down
2.3% since the Mar 10, 2011 buy signal.
The
Quick-term and Near-term Indicant signaled buy on Mar 10, 2011 for
ETF#32-VXX.
It was down over 55.5% since its prior Near-term Indicant sell signal on
Sep 2, 2010. Its Pressure is now positioned to offer a bullish expression
on a short-term horizon. Its Force Vector rebounded like that of the VIX.
It is up 2.4% since the Mar 10 buy signal.
Major ETF Events
Mar 15, 2011-All
non-contrarian Near-term Blue Bulls expired.
Mar 14,
2011-ETF#06-Japan fell below QTI Bearish Yellow and received a Quick-term
bear signal. It received a Near-term sell signal on Mar 10, 2011. It is
down 8.6% since that Near-term sell signal with its collapse today. The
Quick-term Indicant had to signal sell even though its Force Vector is
bearishly mature, which is invitational to a bullish response.
Current Strategy-Short-term Indicant- Mar 15, 2011.
Several prices fell below NTI Green with declining and weak Force.
Although Vector Pressure still supports the bull, risks of holding are too
high for those receiving sell signals. For those of you who bought GLD on
Dec 2008 buy signal, wait for the price to fall below Yellow before
selling.
-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
03/15/2011
Mar 14, 2011 Indicant Daily Stock Market Report
Volume 03, Issue 10 ISSN 1526 6516 QT/ST
©
The Indicant Stock Market Report
Short-term Indicant Stock Market Report - Summary
Recent comments about
the bear’s inspiration manifested this past Thursday. Although this is
most likely a bearish spurt, it appears to have some tenacity.
Such bearish
commentary does not mean the stock market bear is about to unleash a solid
and long lasting attack on the bull. However, there is an increasing
probability a bearish spurt may be in the offing.
The Quick-term
Indicant continues signaling hold for all the ETF’s it tracks on a daily
basis. A sell signal will not occur until prices fall below the QTI
bearish yellow curve.
Major indices and
most non-contrarian ETF’s remain with relatively high Vector Pressure,
including those with bear/avoid signals. Therefore, the bull still has
some weapons to unleash toward the bear. However, contrarian ETF’s Force
Vectors continue rising in bullish domains. Non contrarians are falling in
bearish domains. There is an absence of consistency, suggesting a lack of
strong bullish or bearish commitment, but with a mild edge favoring the
bear on the short-term cycle.
The Mid-term Indicant
remains with solid bullish configurations except for
ETF#06-EWJ-Japan.
Near-term, Quick-term, Short-term Indicant Stock Market Details
The
Near-term Indicant signaled no new bull and no new bears.
Click this sentence to see table leading to the charts.
The
Near-term Indicant is signaling bull for six indices, including contrarian
VIX. They are up 12.6% since the NTI signaled bull an average of
19.5-weeks ago. That annualizes to 33.7%. The bull signals for both
contrarian (VIX) and the non-contrarians will not last long. The bull/bear
battle continues with the smaller caps demonstrating very little respect
for the bear’s ambition.
The
Near-term Indicant is signaling bear for six indices. They are up 0.1%
since their bear signals on May 10, 2011. NTI-Green is a common response
point to bearish aggression and that occurred this past Friday.
Unfortunately, the stock market does not always bounce back with bullish
glee. Sometimes it bounces to the north but cannot fully recover from
damages inflicted by the bear. Configurations remain supportive of the
latter, but that can quickly change.
The
Quick-term Indicant is signaling bull for all eleven major non-contrarian
indices and contrarian VIX. All 12-major indices are up by an average of
14.2% since their bull signals an average of 24.1-weeks ago, annualizing
at 30.5%. The VIX will receive a bear signal when it falls below QTI
Yellow. The Near-term signal will also occur then.
Short-term Market
Summary