March Quick-term and Short-term Indicant Updates

Mar 31, 2010 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

Focal points remain with prices, relative to the NTI Green curve, and Vector Pressure. As long as the former increases on the charts and the latter remains in bullish domains, the bear cannot find success. QTI Red Bulls are offering additive assurances against dynamic bearish potential. So far, any bearish expressions should be considered a mere bearish spurts.

Do not be surprised at price interaction with NTI Bullish Blue curve in the next few days. That is not threatening, but a few days of bearishness could result from this behavior. The interest level in directional intensity will be addressed if and when such interactions occur. Right now, though, we have a solid Near-term Blue Bull and they are not to be argued with.

Several Force Vectors continue moving to the south. Several dipped into bearish domains this past week, opening a narrowed window of opportunity for the stock market bear.

GLD contacted NTI Green last Thursday, but the gold bull countered very well last Friday. GLD remains above tangential protection, where no sell signal can occur. Gold, along with other commodities, is under cyclical pressure from a strengthening U.S. dollar. Several short-term attributes remain positioned to prevent dynamic and long-lasting bearishness. Although weakened, they are holding firm against bearish inclinations.

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

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

The Near-term Indicant is signaling bull for 10-major indices. They are up 4.7% since their bull signals on Mar 3, 2010. There are two indices enduring bear signals. They are down by an average of 3.0% since their respective bear signals an average of 6.4-weeks ago.

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

The Quick-term Indicant is signaling bull for 10-major indices. They are up by an average of 28.7%, annualizing at 35.5%, since their bull signals an average of 42.0-weeks ago. The Quick-term Indicant will signal bear if and when the indices fall below their respective bearish yellow curves.

The Quick-term Indicant is signaling bear for two major indices (the Dow Jones Utilities and contrarian VIX). They are down by an average of 1.2% since their respective bear signals an average of 5.6-weeks ago.

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

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

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

QTI-Bullish Red Curve Trend; Eleven non-contrarians; solid bullish support.

QIT-Yellow Bear Count; None of the non-contrarians is inflicted with this attribute and thus non-bearish. Longer-term holders should focus on this attribute; especially if you enjoy the fundamentals of your holdings and have accumulated significant gains.

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

The Quick-term Indicant remains supportive of the QTI Bull.

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

NTI-Blue Bull Count; Ten non-contrarians and arguing with them is not profitable.

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

NTI-Bearish Green Curve Trend; Eleven non-contrarian moving north; non-bearish. Ten shifted bullishly on Mar 4, 2010.

The Near-term attributes remain in favor of the bull.

Short-term Force Vectors and Pressure Attributes

STI-Force Vector Domain Position; Eight non-contrarians in bullish domain; mild support for bull.

STI-Force Vector Position Relative to Vector Pressure; Two non-contrarians above Pressure and with mild increasing bearish threats. (Nine fell below Pressure the past seven days).

STI-Force Vector Direction; The gentle southerly cycle is shifting with a bit more bearish aggression, but still non-threatening.

STI-Vector Pressure Trend; Three non-contrarians are moving bullishly. (Several shifted direction to the south last Friday), but not yet threatening to the Short-term bull.

STI-Vector Pressure Position; All non-contrarians, except DJU, are with positive (bullish) pressure. Indices remain near convergence and new bull signal may not be long lasting.

Short-term Market Summary

Short-term attributes continue configuring in support of the bull. This is a low volume bull and once it run its course, the next bear cycle has a higher probability of configuring with more breadth and depth. However, if this Near-term Bull gets a volume nudge, it can enjoy significant longevity.

-Tangential Protection – The Dow Composite, Dow Transports, NASDAQ, NAS100, S&P400, and S&P600 have tangential protection. Tangential protection, once formed, helps avoid the pitfalls of fluttering behavior.

-Political Climate – Political disharmony continues and bullish. There is increasing intra-party bickering, which is even more bullish. Although the passage of healthcare has a long-term bearish projection, the market remains bullish. Therefore, in spite of longer-term prognoses, the Near-term and Quick-term bull/hold signals will remain in tact until attributes deteriorate and supportive of the stock market bear.

-Reverse Tangential Bearish Detection – We will have to wait for the next Near-term bear cycle to monitor this tangential phenomenon. The timing is unknown, but there is 100% confidence the major indices and ETF’s will eventually fall to those prices noted in the below link.

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

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

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

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

Indicant Volume Indicators

The NYSE has enjoyed a small increase in volume while the NASDAQ has flattened. This trader rotation is chasing ghosts. However, overall, these configurations are supportive of bullish bias, but mildly so. The most recent bearish spurt was accompanied with aggressive volume, while the latest bullish spurt has not been supported by volume. Although this is a classical sucker rally configuration, there is little justification for not holding and participating in this rally. (Recent chronological observations are expressed below in reverse order).

Mar 31, 2010-Wed-Passive volume on mild bearishness suggests no change from bullish bias.

Mar 30, 2010-Tue-Passive volume, coupled with mild bullish behavior, suggests continued bullish bias.

Mar 29, 2010-Mon-Mild bullishness, coupled with passive volume, suggests bias retention; bullish.

Mar 26, 2010-Fri-Mild volume and flat behavior suggests the stock market is looking for reasons to shift in one direction or the other. This flat behavior, although not surprising, is “unnatural.” However, bias remains the same.

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 28-ETF’s. They are up by an average of 6.3%, annualizing at 45.4%, since their buy signals an average of 7.2-weeks ago.

The NTI is avoiding three-ETF’s. They are down by an average of 3.0% since their sell signals an average of 5.7-weeks ago.

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

The Quick-term Indicant is signaling hold for 29-ETF’s. They are up an average of 33.8% since their buy signals an average of 43.1-weeks ago. Those with hold signals are annualizing at 40.8%.

The Quick-term Indicant is avoiding two ETF’s. They are down by an average of 32.6% since their sell signals an average of 28.4-weeks ago.

Near-term Indicant ETF Key Attributes

NTI Blue Bulls Count; 27-bullish support; losing solidity.

NTI Blue Curve Trend; 30-non-contrarians sloping north; bullish support.

NTI Green Curve Trend; majority of 28-sloping north; non-bearish support.

Quick-term Indicant ETF Key Attributes

QTI Red Bull Count; 26-non-contrarian; bullish support.

QTI Bullish Red Curve Trend; majority of 28-sloping north in support of Quick-term Bull.

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

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

The Short-term Indicant ETF Key Attributes:

STI Force Vector Direction: All are moving south, suggesting bearish ambition, but non-threatening at this point.

STI Force Vector Position; five-populating bullish domains; 23-fell into bearish domains on Mar 23, but not yet threatening.

Vector Pressure Position; a majority of 27-non-contrarians in bullish domains; bullish support. This attribute is a focal point since Pressure is near zero.

Vector Pressure Trend; Six moving north; passive bullish support, but mild threat from bear.

Short-term Summary: Most attributes continue supporting the Short-term Bull, but losing steam. Pressure has yet to escape convergence/inflection points and thus offers the bear some encouragement to make a move. However, some Force Vectors are configured for additional bullishness. If more Force Vectors fall into bearish domains and influence Pressure drops, the bear will most likely attempt an attack on the bull. This should be clarified in the next few days. Do not be surprised at prices moving to NTI Bullish Blue Curve, which is harmless to the bull. What happens after that occurs is the source of concern.

Contrarian Funds

ETF#03-Natural Resources is up 0.2% since the Near-term Indicant signaled buy on Mar 3, 2010. The Quick-term Indicant signaled buy on August 3, 2009. It is up 11.9% since that buy signal, annualizing at 17.8%.

The Quick-term Indicant will signal sell only after the price drops below QTI Yellow Curve with assistance from other attributes.

Price bounced north off of NTI Green curve. Force is moving north, but passively so. Pressure remains in bullish domains. The point of interest is Force’s behavior over the next two to three days.

ETF#11-Gold and Precious Metals is up 35.1% since the QTI signaled buy on December 11, 2008. Annualized growth is at 26.6%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $100.28 and still rising.

The Near-term Indicant signaled buy on Mar 2, 2010. It is down 1.9% since that buy signal. Pressure is still converging. This convergence is a bit threatening. Force has shifted north, but also moving passively. NTI-Green offering resistance to bearish ambition, but configuration suggests GLD is vulnerable to the gold bear on a near-term basis.

Interestingly, Force and Pressure microscopically entered bullish domains today.

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

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

ETF#14-TLT-Long Government is down 1.9% since the Near-term Indicant signaled sell on Mar 2, 2010.

The Quick-term Indicant signaled sell on Mar 4, 2010. TLT is down 2.2% since that sell signal.

Force and Pressure remain in bearish domains, offering support to the TLT bear. Price is hovering around bearish yellow, which highlights bearish trend.

The Near-term Indicant signaled sell for ETF#31-QID on Mar 2, 2010. It is down 11.2% since then.

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 63.1% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $23.46 and still falling.

Major ETF Events

Mar 31, 2010-All non-contrarian ETF’s were actually contrarian on today’s mild bearish behavior. That is a bit bearish for the overall stock market.

Mar 30, 2010-Dow Transports Force fell into bearish domains; not yet threatening.

Mar 29, 2010-VIX Force moved above Pressure today. That is always an interesting event. However, as long as Force remains above Pressure on major indices, the VIX threat is minimal. Force remains above Pressure on the Dow30, NAS100, S&P500, and S&P100. All of the other indices are without this desired bullish attribute.

Current Strategy-Short-term Indicant- Mar 31, 2010-Same! Mar 30, 2010-Tue-Same as yesterday. Mar 29, 2010-Mon-This is the exact same strategic observation from last Monday; a simple lazy bull that lacks solid ambition from a short-term perspective. The lazy Force Vector movement to the south is not indicative of an immediate bearish threat. However, Pressure remains near convergence (neutrality), which makes the Short-term Bull a bit more vulnerable. If Force dips into bearish domains, it could influence Pressure to do the same. Attributes remain in a position of limited obviations of directional intensity. However, the prevailing bias remains bullish.

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

03/31/10

Mar 30, 2010 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

Several Force Vectors continue moving to the south. Several dipped into bearish domains this past week, opening a narrowed window of opportunity for the stock market bear. GLD contacted NTI Green last Thursday, but the gold bull countered very well last Friday. GLD remains above tangential protection, where no sell signal can occur. Gold, along with other commodities, is under cyclical pressure from a strengthening U.S. dollar. Several short-term attributes remain positioned to prevent dynamic and long-lasting bearishness. Although weakened, they are holding firm against bearish inclinations.

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

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

The Near-term Indicant is signaling bull for 10-major indices. They are up 5.1% since their bull signals on Mar 3, 2010. There are two indices enduring bear signals. They are down by an average of 4.1% since their respective bear signals an average of 6.2-weeks ago.

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

The Quick-term Indicant is signaling bull for 10-major indices. They are up by an average of 29.3%, annualizing at 36.4%, since their bull signals an average of 41.9-weeks ago. The Quick-term Indicant will signal bear if and when the indices fall below their respective bearish yellow curves.

The Quick-term Indicant is signaling bear for two major indices (the Dow Jones Utilities and contrarian VIX). They are down by an average of 2.4% since their respective bear signals an average of 5.5-weeks ago.

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

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

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

QTI-Bullish Red Curve Trend; Eleven non-contrarians; solid bullish support.

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

The Quick-term Indicant remains supportive of the QTI Bull.

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

NTI-Blue Bull Count; Ten non-contrarians and arguing with them is not profitable.

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

NTI-Bearish Green Curve Trend; Eleven non-contrarian moving north; non-bearish. Ten shifted bullishly on Mar 4, 2010.

The Near-term attributes remain in favor of the bull.

Short-term Force Vectors and Pressure Attributes

STI-Force Vector Domain Position; Ten non-contrarians in bullish domain; supporting bull.

STI-Force Vector Position Relative to Vector Pressure; Three non-contrarians above Pressure and with mild increasing bearish threats. (Eight fell below Pressure the past six days).

STI-Force Vector Direction; The gentle southerly cycle is shifting with a bit more bearish aggression, but still non-threatening.

STI-Vector Pressure Trend; Four non-contrarians are moving bullishly. (Several shifted direction to the south last Friday), but not yet threatening to the Short-term bull.

STI-Vector Pressure Position; All non-contrarians, except DJU, are with positive (bullish) pressure. Indices remain near convergence and new bull signal may not be long lasting.

Short-term Market Summary

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

Indicant Volume Indicators

Mar 30, 2010-Tue-Passive volume, coupled with mild bullish behavior, suggests continued bullish bias.

Mar 29, 2010-Mon-Mild bullishness, coupled with passive volume, suggests bias retention; bullish.

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 28-ETF’s. They are up by an average of 6.7%, annualizing at 49.5%, since their buy signals an average of 7.1-weeks ago.

The NTI is avoiding three-ETF’s. They are down by an average of 3.3% since their sell signals an average of 5.5-weeks ago.

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

The Quick-term Indicant is signaling hold for 29-ETF’s. They are up an average of 34.3% since their buy signals an average of 43.0-weeks ago. Those with hold signals are annualizing at 41.6%.

The Quick-term Indicant is avoiding two ETF’s. They are down by an average of 33.1% since their sell signals an average of 28.2-weeks ago.

Near-term Indicant ETF Key Attributes

NTI Blue Bulls Count; 26-bullish support; losing solidity.

NTI Blue Curve Trend; 28-non-contrarians sloping north; bullish support.

NTI Green Curve Trend; majority of 28-sloping north; non-bearish support.

Quick-term Indicant ETF Key Attributes

QTI Red Bull Count; 25-non-contrarian; bullish support.

QTI Bullish Red Curve Trend; majority of 29-sloping north in support of Quick-term Bull.

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

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

The Short-term Indicant ETF Key Attributes:

STI Force Vector Direction: All but two moving south, suggesting bearish ambition, but non-threatening at this point.

STI Force Vector Position; five-populating bullish domains; 23-fell into bearish domains on Mar 23, but not yet threatening.

Vector Pressure Position; a majority of 27-non-contrarians in bullish domains; bullish support. This attribute is a focal point since Pressure is near zero.

Vector Pressure Trend; Eleven moving north; bullish support, but mild threat from bear.

Contrarian Funds

ETF#03-Natural Resources is down 0.2% since the Near-term Indicant signaled buy on Mar 3, 2010. The Quick-term Indicant signaled buy on August 3, 2009. It is up 11.4% since that buy signal, annualizing at 17.1%.

The Quick-term Indicant will signal sell only after the price drops below QTI Yellow Curve with assistance from other attributes.

Price bounced north off of NTI Green curve. Force is moving north, but passively so. Pressure remains in bullish domains. The point of interest is Force’s behavior over the next two to three days.

ETF#11-Gold and Precious Metals is up 33.9% since the QTI signaled buy on December 11, 2008. Annualized growth is at 25.7%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $100.22 and still rising.

The Near-term Indicant signaled buy on Mar 2, 2010. It is down 2.7% since that buy signal. Pressure is still converging. This convergence is a bit threatening. Force has shifted north, but also moving passively. NTI-Green offering resistance to bearish ambition, but configuration suggests GLD is vulnerable to the gold bear on a near-term basis.

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

ETF#14-TLT-Long Government is down 2.6% since the Near-term Indicant signaled sell on Mar 2, 2010.

The Quick-term Indicant signaled sell on Mar 4, 2010. TLT is down 2.8% since that sell signal.

Force and Pressure remain in bearish domains, offering support to the TLT bear. Price is hovering around bearish yellow, which highlights bearish trend.

The Near-term Indicant signaled sell for ETF#31-QID on Mar 2, 2010. It is down 11.9% since then.

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 63.4% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $23.46 and still falling.

Major ETF Events

Mar 30, 2010-Dow Transports Force fell into bearish domains; not yet threatening.

Current Strategy-Short-term Indicant- Mar 30, 2010-Tue-Same as yesterday. Mar 29, 2010-Mon-This is the exact same strategic observation from last Monday; a simple lazy bull that lacks solid ambition from a short-term perspective. The lazy Force Vector movement to the south is not indicative of an immediate bearish threat. However, Pressure remains near convergence (neutrality), which makes the Short-term Bull a bit more vulnerable. If Force dips into bearish domains, it could influence Pressure to do the same. Attributes remain in a position of limited obviations of directional intensity. However, the prevailing bias remains bullish.

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

03/30/10

Mar 29, 2010 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

Do not be surprised at price interaction with NTI Bullish Blue curve. That is not threatening, but a few days of bearishness could result in that. The interest level in directional intensity will be addressed if and when such interactions occur. Right now, though, we have a solid Near-term Blue Bull and they are not to be argued with.

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

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

The Near-term Indicant is signaling bull for 10-major indices. They are up 5.0% since their bull signals on Mar 3, 2010. There are two indices enduring bear signals. They are down by an average of 3.1% since their respective bear signals an average of 6.1-weeks ago.

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

The Quick-term Indicant is signaling bull for 10-major indices. They are up by an average of 29.1%, annualizing at 36.3%, since their bull signals an average of 41.7-weeks ago. The Quick-term Indicant will signal bear if and when the indices fall below their respective bearish yellow curves.

The Quick-term Indicant is signaling bear for two major indices (the Dow Jones Utilities and contrarian VIX). They are down by an average of 1.3% since their respective bear signals an average of 5.4-weeks ago.

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

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

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

QTI-Bullish Red Curve Trend; Eleven non-contrarians; solid bullish support.

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

The Quick-term Indicant remains supportive of the QTI Bull.

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

NTI-Blue Bull Count; Ten non-contrarians and arguing with them is not profitable.

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

NTI-Bearish Green Curve Trend; Eleven non-contrarian moving north; non-bearish. Ten shifted bullishly on Mar 4, 2010.

The Near-term attributes remain in favor of the bull.

Short-term Force Vectors and Pressure Attributes

STI-Force Vector Domain Position; Eleven non-contrarians in bullish domain; supporting bull.

STI-Force Vector Position Relative to Vector Pressure; Five non-contrarians above Pressure and with mild increasing bearish threats. (Six fell below Pressure the past five days).

STI-Force Vector Direction; The gentle southerly cycle is shifting with a bit more bearish aggression, but still non-threatening. (All are shifting south with only a mild bearish threat).

STI-Vector Pressure Trend; Five non-contrarians are moving bullishly. (Several shifted direction to the south last Friday), but not yet threatening to the Short-term bull.

STI-Vector Pressure Position; All non-contrarians, except DJU, are with positive (bullish) pressure. Indices remain near convergence and new bull signal may not be long lasting.

Short-term Market Summary

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

Indicant Volume Indicators

Mar 29, 2010-Mon-Mild bullishness, coupled with passive volume, suggests bias retention; bullish.

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 28-ETF’s. They are up by an average of 6.6%, annualizing at 49.6%, since their buy signals an average of 6.9-weeks ago.

The NTI is avoiding three-ETF’s. They are down by an average of 3.4% since their sell signals an average of 5.4-weeks ago.

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

The Quick-term Indicant is signaling hold for 29-ETF’s. They are up an average of 34.2% since their buy signals an average of 42.8-weeks ago. Those with hold signals are annualizing at 41.5%.

The Quick-term Indicant is avoiding two ETF’s. They are down by an average of 33.1% since their sell signals an average of 28.1-weeks ago.

Near-term Indicant ETF Key Attributes

NTI Blue Bulls Count; 26-bullish support; losing solidity.

NTI Blue Curve Trend; 28-non-contrarians sloping north; bullish support.

NTI Green Curve Trend; majority of 28-sloping north; non-bearish support.

Quick-term Indicant ETF Key Attributes

QTI Red Bull Count; 25-non-contrarian; bullish support.

QTI Bullish Red Curve Trend; majority of 29-sloping north in support of Quick-term Bull.

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

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

The Short-term Indicant ETF Key Attributes:

STI Force Vector Direction: All moving south, suggesting a bearish influence.

STI Force Vector Position; five-populating bullish domains; 23-fell into bearish domains on Mar 23, but not yet threatening.

Vector Pressure Position; a majority of 29-non-contrarians in bullish domains; solid bullish support. This attribute is a focal point since Pressure is near zero.

Vector Pressure Trend; 16-moving north; bullish support, but mild threat from bear.

Contrarian Funds

ETF#03-Natural Resources is down 0.4% since the Near-term Indicant signaled buy on Mar 3, 2010. The Quick-term Indicant signaled buy on August 3, 2009. It is up 11.2% since that buy signal, annualizing at 16.9%.

The Quick-term Indicant will signal sell only after the price drops below QTI Yellow Curve with assistance from other attributes.

Price bounced north off of NTI Green curve. Force is moving north again. Pressure remains in bullish domains. The point of interest is Force’s behavior over the next two to three days.

ETF#11-Gold and Precious Metals is up 34.8% since the QTI signaled buy on December 11, 2008. Annualized growth is at 26.5%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $100.16 and still rising.

The Near-term Indicant signaled buy on Mar 2, 2010. It is down 2.0% since that buy signal. Pressure still converging. This convergence is a bit threatening. Force has shifted north from within bearish domains. NTI-Green offering resistance to bearish ambition, but configuration suggests GLD is vulnerable to the gold bear on a near-term basis.

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

ETF#14-TLT-Long Government is down 2.9% since the Near-term Indicant signaled sell on Mar 2, 2010.

The Quick-term Indicant signaled sell on Mar 4, 2010. TLT is down 3.1% since that sell signal.

Force and Pressure remain in bearish domains, offering support to the TLT bear. Price is hovering around bearish yellow, which highlights bearish trend.

The Near-term Indicant signaled sell for ETF#31-QID on Mar 2, 2010. It is down 11.3% since then.

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 63.2% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $23.53 and still falling.

Major ETF Events

Current Strategy-Short-term Indicant- Mar 29, 2010-Mon-This is the exact same strategic observation from last Monday; a simple lazy bull that lacks solid ambition from a short-term perspective. The lazy Force Vector movement to the south is not indicative of an immediate bearish threat. However, Pressure remains near convergence (neutrality), which makes the Short-term Bull a bit more vulnerable. If Force dips into bearish domains, it could influence Pressure to do the same. Attributes remain in a position of limited obviations of directional intensity. However, the prevailing bias remains bullish.

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

03/29/10

Mar 26, 2010 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

Several Force Vectors continue moving to the south. Several dipped into bearish domains this past week, opening a narrowed window of opportunity for the stock market bear. GLD contacted NTI Green last Thursday, but the gold bull countered very well on Friday. GLD remains above tangential protection, where no sell signal can occur. Gold, along with other commodities, is under cyclical pressure from a strengthening U.S. dollar. Several short-term attributes remain positioned to prevent dynamic and long-lasting bearishness. Although weakened, they are holding firm against bearish inclinations.

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

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

The Near-term Indicant is signaling bull for 10-major indices. They are up 4.4% since their bull signals on Mar 3, 2010. There are two indices enduring bear signals. They are down by an average of 3.1% since their respective bear signals an average of 5.6-weeks ago.

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

The Quick-term Indicant is signaling bull for 10-major indices. They are up by an average of 28.4%, annualizing at 35.7%, since their bull signals an average of 41.3-weeks ago. The Quick-term Indicant will signal bear if and when the indices fall below their respective bearish yellow curves.

The Quick-term Indicant is signaling bear for two major indices (the Dow Jones Utilities and contrarian VIX). They are down by an average of 1.4% since their respective bear signals an average of 4.9-weeks ago.