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March Quick-term and Short-term Indicant Updates

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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