March Quick-term and Short-term Indicant Updates

March 31, 2008 Indicant Daily Stock Market Report

Volume 03, Issue 20 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Today's Report

Quick/Short-term Indicant Stock Market Report - Summary

Quick-term Red Bulls: Two of thirty; neither are non-contrarian, losing mild bullish support.

Quick-term Yellow Bears/Threats: Twenty-one of thirty with continuing, but diminishing bearish support.

Quick-term Non-Bearishness: QTI differential is bearish 7.7%. Bearish support continues to relax.

Short-term Non-Bearishness: Breakout/breakdown differential is bearish 6.6%. Bearish support continues to diminish.

Force Vectors: The recent bullish cycle is over and a bearish cycle is underway. Keep in mind, these cycles are short with an average of 4-6-days. And a bearish cycle does not always equate to bearish price movement. Such contrarian behavior will be favorable to the bull.

Vector Pressure: Seven in bullish domains, which is non-bullish. However, several are very near achieving bull status.

Immediate Tactics: Buy aggressively with the mind set that 2009 will most likely be bearish. Although the current cycle may indeed be a bullish spurt, it could last for several months. If not, the Indicant’s daily stock market report will advise.

Current Quick-term Bias: Many non-contrarian ETF’s retreated slightly from bearish yellow. However, the potential for bullish Vector Pressure in the next few days allows for bullish expectations.

Overall Market Status*: 8/15/06-bullish-bias expired on 01/04/08; Bearish bias expired March 11, 2008.

Profit Potential from Naked Options: Volatility is high, enhancing option opportunities.

Volume: Preparing for lethargy, which supports mild bullishness. This means the Dow could enjoy a 200 point gain followed by a 180 point loss. In other words, lethargy does not necessarily mean market stability. The point here is there is little interest in directional intensity in either direction.

Quick-term/Short-term Indicant Stock Market Report Details

Click this sentence to view the VIX chart. As you can see it continues with a bearish configuration, which is bullish for the stock market.

Click this sentence to view the S&P600 chart. Its Force Vector remains in bullish domains. As long is it hovers above the upper limit line, X, the market should at the very least not become bearish. Remember, this is one of the weaker indices during bear markets and one of the stronger ones during bull markets. As long as it maintains non-bearish to bullish attributes, the overall stock market should move bullishly.

The Short-term Indicant signaled bull on Tuesday, March 18, 2008. The Dow is down 1.0% and NASDAQ is up 0.5%, respectively, since that bull signal.

Please read on. Click here to see the Short-term Indicant’s history.

Both Indicant Volume Indicators continue falling into a lethargic pattern continuing the cause of little dynamic behavior in either direction. Light volume last Thursday and Friday did not support bearish expressions on those two days. This attribute favors bullish responses. Today’s mild bullishness is a testament to that scenario. There are no really strong obviating attributes, but the bias continues favoring a sustainable bullish spurt, even though bearish insertions will be interjected from time to time.

SQI Report Card (Consolidated Short/Quick), Status, and Charts

There were no buy signals and no sell signals. Although there were no buy signals, the SQI is signaling hold for 25-ETF’s. They are up by an average of 47.5% (annualized at 34.7%) since their respective buy signals an average of 70.3-weeks ago. Although there were no sell signals, the SQI is avoiding six-ETF’s at this time. They are down by an average of 6.8% since their sell signals an average of 10.7-weeks ago.

The SQI model is the one that most of you will prefer for your trading decisions. It generates fewer signals than the other two models and represents consistencies in the Quick-term and Short-term outlooks for the specific ETF’s. It also beats buy and hold on a regular basis, although there is only eight years of proof. The quality of that proof is high since this period includes a powerful bull and bear. The model sours a little during meandering markets with an excessive number of signals from time to time. Research toward perfecting continues.

Short-term Indicant Report Card, Status, and Charts

There were no buy signals and no sell signals. Although there were no buy signals, the Short-term Indicant is signaling hold for 27-ETF’s. They are up an average of 60.8% (annualized 41.7%) since the STI signaled, buy, an average of 75.1-weeks ago. Although there were no sell signals, there are four ETF’s with avoid signals. They are down by an average of 9.5% since their sell signals an average of 12.0-weeks ago.

The Short-term Indicant is more active in buying/selling than the Consolidated model. The Quick-term Indicant, which follows, is even more active.

Quick-term Report Card, Status, and Charts

There were no buy signals and no sell signals. Although there were no buy signals, the Quick-term Indicant is signaling hold for 26-ETF’s. They are up by an average of 10.6% (annualized at 32.9%) since the QTI signaled buy an average of 16.6-weeks ago. Although there were no sell signals, the Quick-term Indicant is avoiding five-ETF’s. They are down by an average of 8.3% since their sell signals an average of 12.0-weeks ago.

Conflicts Between the Short-term and Quick-term Indicants

There is one conflict, whereby the Short-term Indicant and the Quick-term Indicant are in disagreement between hold and avoid status. The combined Short/Quick Indicant models identify 80-hold signals and only ten-avoid signals, providing a bullish edge. The bullish bias shift on August 15, 2006 expired on January 4, 2008, but a potential bullish bias shift was born on March 11, 2008. That bias shift remains in effect, but in precarious position.

Quick-term Indicant Bull/Bear Health Report

Twenty-one of the 30-ETF’s are below their respective bearish yellow curves. The average relative position of all thirty ETF’s is below bearish yellow by 1.0%. After configuring with bullish support last Wednesday for the first time since early January, the bear took offense with bearish responses late last week. As stated last Friday, this is setting up well for a counter attack by the bull.

Only two of the ETF’s are above their bullish red curves. All thirty ETF average positions are 6.6% below their bullish red curves. Unfortunately, the two red bulls are non-contrarian, which no longer supports bullish bias.

The QTI differential is minus 7.7%, which supports the bear, but diminishing in that support.

Short-term Indicant Bull/Bear Health Report for ETF’s

The above heading is linked to the Short-term Indicant table. This paragraph is repeated daily as a reminder of accurately interpreting the charts. By clicking the charts on the table you can review potential contact with the breakdown lines (bearish) and potential contact with breakout lines (bullish). It is extremely bearish when several ETF’s are contacting their respective breakdown lines. The breakdown lines are the yellow lines (bearish). The breakout lines are the red ones (bullish). Close proximity to breakout implies an increased probability of an actual breakout occurring. It is certainly bullish and you will want to be in a hold position for those few days a year when the breakout occurs. Conversely, significant contact with yellow (breakdown) suggests “avoid” positions are best.

None of the thirty ETF’s are contacting their breakout lines, which is non-bullish.

The average distance from breakout contact is 16.5%. Double digit variances from breakout contact for fifty-eight consecutive trading-days is not supportive of the bull.

None of the thirty ETF’s are contacting their breakdown lines, which is non-bearish.

The average distance between the price and breakdown is 10.7%. This configuration is providing non-bearish support, which has been the case since March 2003, but barely hanging on to that support. This is falling precariously close to single digit support. The last time that occurred was in August 2002, near the depth of the great bear leg from late 2000 through October 2002.

The breakout/breakdown differential is bearish 5.8%. This is a bearish attribute, shifting away from bearish support.

ETF Force Vector Configurations

You can scan the Quick-term Indicant for Exchange Traded Funds table and click on the charts to observe Force Vector configurations. Scroll down each of the charts, where a quick link has been added to take you to the next series of Quick-term ETF charts. Use you back arrow on your browser to return to the previous page.

Twenty-four Force Vectors are in bullish domains. That is up by fourteen in the last seven trading days, which is offering bullish energy. Unfortunately, it is down by two from last Friday, supporting near-term bearish support. You will notice many appear to have pinnacled. Their impending southerly movement will add insight to directional intensity. So far, their downward slope is tender, as opposed to a harsh one that invigorates the bear. Keep in mind these cycles average only four to six days.

To understand potential financial opportunities, click here to learn to identify Robust Force Vectors. They are visible on the Quick-term Indicant charts.

ETF Force Vectors/Vector Pressure Crossings/Option Signals

Remember, the links contained herein are more visible when reading this on the website.

Click this sentence for Vector Pressure Option Signals. There were three put option buy signals after Monday’s close. There have been three call option buy signals and three put option buy signals the past four days. The put options offers mild bearish support. It is not likely they will perform well, even if tomorrow results in a bullish expression for the desired contrarian movement.

As stated after the market closed last Friday, “bearish behavior last Thursday and Friday setup well for deeply discounted buy offers for recent call option buy signals. Do not be surprised at bullish support in the next day or two. However, for profits to manifest, a bullish response is required on Monday as the two day hold period will expire.”

Today’s bullish expression was muted somewhat even though intraday highs were okay.

Only seven of the thirty ETF Vector Pressures are in bullish domains, which continues configuring in support of the bear. That is down by one from yesterday, which is non-bullish. Many are on the verge of crossing into bullish domains. If that happens, the bull will gain some momentum.

Make certain you sell naked options when the Force Vectors shift direction or within two days of the purchase, whichever occurs first. If you are unfamiliar with this, take the options tour.

Remember options trading is risky. Never offer “market prices.” Always bid low in hopes of an intraday contrarian movement to the underlying assumption of directional behavior. Always place day-orders, only. That keeps the floor folks out of your pocketbook. Do not despair if your order does not take. There are plenty of opportunities throughout the course of the year. Remember, stalking is the key to success here. Although not necessary for stock market success, those of you who have a gambling instinct will enjoy this. For those of you with a longer-term perspective, it does not hurt to see what the short-term folks are thinking. The Indicant indicates both perspectives.

Quick-term and Short-term Indicant Summary

The bullish bias shift that began on August 15, 2006 expired on January 4, 2008. However, a new bullish bias was born on March 11, 2008. It is not a thoroughbred, though. It is tainted with Enron-like misguidance from Bear Stearns.

Continue avoid writing covered options due to volatility.

ProFunds Ultra Short mutual fund moves inversely to the QQQQ by exponential amounts. The Consolidated Indicant model is holding QQQQ. You will notice the Mid-term Indicant is signaling avoid for ProFunds Ultra Short based entirely on the recent buy signal of QQQQ by the Quick-term and Short-term Indicant.

The Quick-term and Short-term Indicant tracks ETF#31, QID, which is the ETF cousin to ProFunds Ultra Short. This ETF is relatively new and has not yet developed enough data to formally track its outlook. It is excluded from overall ETF statistics because it is purely contrarian. It is designed to move bullishly during bear markets and bearishly during bull markets. This exclusion is required for convergent/divergent monitoring.

The Indicant signaled sell for QID 1.9-weeks ago. It is no longer configured as a red bull. It is down by 3.1% since all three models signaled sell. You will notice that its Force Vector is deep inside bearish domains.

To familiarize yourself with viewing the market from an ETF perspective, click the following update links.

Quick-term ETF Options

Quick-term Indicant for ETF’s

Short-term Indicant for ETF’s

Consolidated Quick-term/Short-term Indicant for ETF’s

Click here to the report card, which is updated weekly, to link to related tours.

Links to the Short-term Indicant and Indicant Volume Indicator are below:

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

Happy Investing,

Indicant.Net

www.indicant.Net

03/31/08

March 28, 2008 Indicant Daily Stock Market Report

Volume 03, Issue 19 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Today's Report

Quick/Short-term Indicant Stock Market Report - Summary

Quick-term Red Bulls: Two of thirty; neither are non-contrarian, losing mild bullish support. This should annoy the bull enough for it to exert some influence early next week.

Quick-term Yellow Bears/Threats: Twenty-one of thirty with continuing, but diminishing bearish support.

Quick-term Non-Bearishness: QTI differential is bearish 8.5%. Bearish support continues to relax.

Short-term Non-Bearishness: Breakout/breakdown differential is bearish 6.5%. Bearish support continues to diminish.

Force Vectors: The recent bullish cycle is mature, but many nestled deep inside bullish domains. Although not a strong offensive position for the bull, it has afforded a strong defensive position against bearish aggression. As stated the past three days, do not be surprised at bearish behavior on a near-term basis, which should be mild, based on current configurations. Unfortunately, this was an accurate prognosis. Configurations are setting up for some bullish behavior. Please read on.

Vector Pressure: Eight in bullish domains, which is non-bullish, but increases by three since last Wednesday is supporting bullish behavior. The key indicator for bullish dominance on a Quick-term basis is for Vector Pressure to cross into bullish domains more thoroughly than the recent increase. If Force Vectors turn sharply to the south, the expected bullish response will be delayed for several days.

Immediate Tactics: Buy aggressively with the mind set that 2009 will most likely be extremely bearish. Although the current cycle may indeed be a bullish spurt, it could last for several months. If not, the Indicant’s daily stock market report will advise.

Current Quick-term Bias: Many ETF’s contacted bearish yellow (or in near contact) last Tuesday. As stated the past three days, such interactions typically incite bull/bear battles. Be prepared for some volatility in the next few days. Many of the major indices’ Vector Pressure is nearing bullish domains. Such proximity also induces bull/bear battles. So, do not be surprised at increased volatility, but with a slight edge to the bull in the next few days.

Overall Market Status*: 8/15/06-bullish-bias expired on 01/04/08; Bearish bias expired March 11, 2008.

Profit Potential from Naked Options: Volatility is high, enhancing option opportunities.

Volume: Preparing for lethargy, which supports mild bullishness. This means the Dow could enjoy a 200 point gain followed by a 180 point loss. In other words, lethargy does not necessarily mean market stability. There point here is there is little interest in directional intensity in either direction. Bearish behavior the past three days was not supported by volume.

Quick-term/Short-term Indicant Stock Market Report Details

Click this sentence to view the VIX chart. As you can see, it remains in position for cyclical behavior supporting a Quick-term Bull cycle.

Even with today’s mild bearish expression, the S&P600 Force Vector continued to rise. It eclipsed bearish domains three days ago. As originated in the March 24, 2008 daily stock market report, it was stated to not be surprised at bearish pressure in the next few days. As stated the past three days, the Force Vector eclipsing of bearish domains is predecessor to bearish expressions of varying magnitude and do not be surprised at bearish pressure in the next few days. Click this sentence to view the S&P600 chart.

As stated last Wednesday, you can see from the chart, there is a considerable gap between the S&P600 and its bullish red curve. This gap, unfortunately, leaves considerable room for bearish expressions without disrupting the Quick-term Bull now in progress. As of last Wednesday a drop of 2.5% would interact with the bullish red curve. This index fell to bullish red this past Friday. The last three interactions with bullish red resulted in a short bullish spurt. This interaction is expected to provide more bullish sustainability, based on current configurations.

This paragraph from the March 26, 2008 daily stock market report will remain unchanged until configurations obsolete its message. Strong bullish behavior from its current level would cause overheating and thus embellish bearish ambition on a Quick-term basis. Profit-taking by short-term traders would incite more fear and thus cause the market to drop deeply. So, it may sound weird, but those of you desiring bullish behavior should prefer some mild bearishness over the next few days. This will allow the bull to solidify its position for a solid bull cycle for the next several weeks. Most of the recent ETF buy signals remain in winning position, albeit small. So keep your eye on the Daily Stock Market Report. If this “bullish prognosis” is premature, rest assured, sell signals will be unleashed. If the bullish cycle is not imminent, there should be at least one solid bullish cycle this year with declining interest rates and at historically low levels. If this increased liquidity does not inspire economic improvements, the recession will border the next worse term; that is depression.

The expected bullish bounce did not occur on Friday. There should be one early next week. Configurations surrounding such a bounce will add insight as to the substance of the Quick-term Bull cycle prognosis and its potential sustainability. This is a tough uphill battle, but the market has a knack for doing that when fundamentals suggest a downward slope would be more appropriate. Remember, the market does not react to today’s events. It can become optimistic about the future when the common person is depressed about economic outlook. The stock market does not care about personal feelings. It desires a few simple things; economic robustness, low interest rates, low inflation, and no deflation. So far, three are in pretty good shape.

The Short-term Indicant signaled bull on Tuesday, March 18, 2008. The Dow is down 1.4% and NASDAQ is down 0.3%, respectively, since that bull signal.

Please read on. Click here to see the Short-term Indicant’s history.

Both Indicant Volume Indicators are now falling into a lethargic pattern continuing the cause of little dynamic behavior in either direction. Light volume last Thursday and Friday did not support bearish expressions on those two days. This attribute favors bullish responses.

SQI Report Card (Consolidated Short/Quick), Status, and Charts

There were no buy signals and no sell signals. Although there were no buy signals, the SQI is signaling hold for 25-ETF’s. They are up by an average of 47.1% (annualized at 34.7%) since their respective buy signals an average of 69.9-weeks ago. Although there were no sell signals, the SQI is avoiding six-ETF’s at this time. They are down by an average of 7.5% since their sell signals an average of 10.2-weeks ago.

Short-term Indicant Report Card, Status, and Charts

There were no buy signals and no sell signals. Although there were no buy signals, the Short-term Indicant is signaling hold for 27-ETF’s. They are up an average of 60.4% (annualized 41.6%) since the STI signaled, buy, an average of 74.7-weeks ago. Although there were no sell signals, there are four ETF’s with avoid signals. They are down by an average of 9.9% since their sell signals an average of 11.5-weeks ago.

The Short-term Indicant is more active in buying/selling than the Consolidated model. The Quick-term Indicant, which follows, is even more active.

Quick-term Report Card, Status, and Charts

There were no buy signals and no sell signals. Although there were no buy signals, the Quick-term Indicant is signaling hold for 26-ETF’s. They are up by an average of 10.4% (annualized at 33.1%) since the QTI signaled buy an average of 16.1-weeks ago. Although there were no sell signals, the Quick-term Indicant is avoiding five-ETF’s. They are down by an average of 8.9% since their sell signals an average of 11.6-weeks ago.

Conflicts Between the Short-term and Quick-term Indicants

Quick-term Indicant Bull/Bear Health Report

Twenty-one of the 30-ETF’s are below their respective bearish yellow curves. The average relative position of all thirty ETF’s is below bearish yellow by 1.5%. After configuring with bullish support last Wednesday for the first time since early January, the bear took offense with bearish responses the past two days. This is setting up well for a counter attack by the bull.

Only two of the ETF’s are above their bullish red curves. All thirty ETF average positions are 7.1% below their bullish red curves. Unfortunately, the two red bulls are non-contrarian, which no longer supports bullish bias.

The QTI differential is minus 8.5%, which supports the bear, but diminishing in that support.

Short-term Indicant Bull/Bear Health Report for ETF’s

None of the thirty ETF’s are contacting their breakout lines, which is non-bullish.

The average distance from breakout contact is 16.8%. Double digit variances from breakout contact for fifty-seven consecutive trading-days is not supportive of the bull.

None of the thirty ETF’s are contacting their breakdown lines, which is non-bearish.

The average distance between the price and breakdown is 10.3%. This configuration is providing non-bearish support, which has been the case since March 2003, but barely hanging on to that support. This is falling precariously close to single digit support. The last time that occurred was in August 2002, near the depth of the great bear leg from late 2000 through October 2002.

The breakout/breakdown differential is bearish 6.5%. This is a bearish attribute, shifting away from bearish support.

ETF Force Vector Configurations

Twenty-six Force Vectors are in bullish domains. That is up by sixteen in the last six trading days, which is offering bullish energy. You will notice many appear to have pinnacled. Their impending southerly movement will add insight to directional intensity.

Most of the non-contrarian ETF’s approached their respective bearish yellow curves, which was expected. Timidity is always a problem in catapulting the bearish yellow curve after solid bearish onslaughts. If they start moving southerly again with some crossing above bearish yellow, the bear may regain solid control.

Unfortunately, the two non-contrarian ETF’s with red bull status evaporated with Friday’s bearish expression. If that does not incite an immediate bullish response, the bear may resume dominance, but configurations suggests such a response would be muted and short-lived.

To understand potential financial opportunities, click here to learn to identify Robust Force Vectors. They are visible on the Quick-term Indicant charts.

ETF Force Vectors/Vector Pressure Crossings/Option Signals

Remember, the links contained herein are more visible when reading this on the website.

Click this sentence for Vector Pressure Option Signals. There were no option buy signals after Friday’s close. There have been three call option buy signals and no put option buy signals the past three days. This offers mild bullish support.

Bearish behavior the last Thursday and Friday setup well for deeply discounted buy offers for recent call option buy signals. Do not be surprised at bullish support in the next day or two. However, for profits to manifest, a bullish response is required on Monday as the two day hold period will expire.

Only eight of the thirty ETF Vector Pressures are in bullish domains, which continues configuring in support of the bear. However, that is an increase by three since last Tuesday. As stated last Wednesday, this attribute had been holding steady and should increase in the next few days. Continuing increases with this attribute will enhance bullish strength. Many are on the verge of passing into bullish domains which would be a blow to the bear.

Make certain you sell naked options when the Force Vectors shift direction or within two days of the purchase, whichever occurs first. If you are unfamiliar with this, take the options tour.

Quick-term and Short-term Indicant Summary

Continue avoid writing covered options due to volatility.

ProFunds Ultra Short mutual fund moves inversely to the QQQQ by exponential amounts. The Consolidated Indicant model is holding QQQQ. You will notice the Mid-term Indicant is signaling sell for ProFunds Ultra Short this past weekend based entirely on the recent buy signal of QQQQ by the Quick-term and Short-term Indicant.

The Indicant signaled sell for QID 1.4-weeks ago. It is no longer configured as a red bull. It is down by 2.4% since all three models signaled sell. You will notice that its Force Vector is deep inside bearish domains.

To familiarize yourself with viewing the market from an ETF perspective, click the following update links.

Quick-term ETF Options

Quick-term Indicant for ETF’s

Short-term Indicant for ETF’s

Consolidated Quick-term/Short-term Indicant for ETF’s

Click here to the report card, which is updated weekly, to link to related tours.

Links to the Short-term Indicant and Indicant Volume Indicator are below:

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

Happy Investing,

Indicant.Net

www.indicant.Net

03/28/08

March 27, 2008 Indicant Daily Stock Market Report

Volume 03, Issue 18 ISSN 1526 6516 QT/ST

Today's Report

Quick/Short-term Indicant Stock Market Report - Summary

Quick-term Red Bulls: Three of thirty; two are non-contrarian, offering mild bullish support.

Quick-term Yellow Bears/Threats: Twenty-one of thirty with continuing, but diminishing bearish support.

Quick-term Non-Bearishness: QTI differential is bearish 7.2%. Bearish support continues to relax.

Short-term Non-Bearishness: Breakout/breakdown differential is bearish 5.1%. Bearish support continues to diminish.

Force Vectors: Continuing to rise, supporting bullish behavior. The cycle is mature. As stated the past two days, do not be surprised at bearish behavior on a near-term basis, which should be mild, based on current configurations.

Vector Pressure: Eight in bullish domains, which is non-bullish, but increases by three the past two days is supporting bullish behavior.

Current Quick-term Bias: Many ETF’s contacted bearish yellow (or in near contact) last Tuesday. As stated the past two days, such interactions typically incite bull/bear battles. Be prepared for some volatility in the next few days.

Overall Market Status*: 8/15/06-bullish-bias expired on 01/04/08; Bearish bias expired March 11, 2008.

Profit Potential from Naked Options: Volatility is high, enhancing option opportunities.

Volume: Preparing for lethargy, which supports mild bullishness. Bearish behavior the past two days was not supported by volume.

Quick-term/Short-term Indicant Stock Market Report Details

The VIX index continues to support cyclical market bullishness. Its cycle is mature, but it has room to continue its support for a bullish market cycle. Click this sentence to view its chart.

The S&P600 Force Vector continues to rise. It eclipsed bearish domains two days ago. As originated in the March 24, 2008 daily stock market report, it was stated to not be surprised at bearish pressure in the next few days. As stated the past two days, the Force Vector eclipsing of bearish domains is predecessor to bearish expressions of varying magnitude and do not be surprised at bearish pressure in the next few days. Click this sentence to view its chart.

As stated yesterday, you can see from the chart, there is a considerable gap between the S&P600 and its bullish red curve. This gap, unfortunately, leaves considerable room for bearish expressions without disrupting the Quick-term Bull now in progress. As of yesterday a drop of 2.5% will interact with bullish red. Now, less than 1.5% is needed for red interaction. The last three interactions with bullish red resulted in a short bullish spurt. The failure to bounce north off bullish red resulted in furthering the cause of bearish ambition.

The major indices positioned themselves today with a 73% probability of a bullish bounce tomorrow. That does not mean dynamic behavior is around the corner. It could be just a one point gainer.

The Short-term Indicant signaled bull on Tuesday, March 18, 2008. The Dow is down 0.6% and NASDAQ is up 0.6%, respectively, since that bull signal.

Please read on. Click here to see the Short-term Indicant’s history.

Both Indicant Volume Indicators continue flattening, which suggest little interest in dynamic behavior in either direction. Today’s light volume did not support bearish expressions.

SQI Report Card (Consolidated Short/Quick), Status, and Charts

There were no buy signals and no sell signals. Although there were no buy signals, the SQI is signaling hold for 25-ETF’s. They are up by an average of 48.2% (annualized at 35.5%) since their respective buy signals an average of 69.8-weeks ago. Although there were no sell signals, the SQI is avoiding six-ETF’s at this time. They are down by an average of 6.5% since their sell signals an average of 10.1-weeks ago.

Short-term Indicant Report Card, Status, and Charts

There were no buy signals and no sell signals. Although there were no buy signals, the Short-term Indicant is signaling hold for 27-ETF’s. They are up an average of 61.6% (annualized 42.5%) since the STI signaled, buy, an average of 74.5-weeks ago. Although there were no sell signals, there are four ETF’s with avoid signals. They are down by an average of 9.1% since their sell signals an average of 11.4-weeks ago.

The Short-term Indicant is more active in buying/selling than the Consolidated model. The Quick-term Indicant, which follows, is even more active.

Quick-term Report Card, Status, and Charts

There were no buy signals and no sell signals. Although there were no buy signals, the Quick-term Indicant is signaling hold for 26-ETF’s. They are up by an average of 11.1% (annualized at 35.8%) since the QTI signaled buy an average of 16.0-weeks ago. Although there were no sell signals, the Quick-term Indicant is avoiding five-ETF’s. They are down by an average of 8.0% since their sell signals an average of 11.5-weeks ago.

Conflicts Between the Short-term and Quick-term Indicants

Quick-term Indicant Bull/Bear Health Report

Twenty-one of the 30-ETF’s are below their respective bearish yellow curves. The average relative position of all thirty ETF’s is below bearish yellow by 0.8%. After configuring with bullish support yesterday for the first time since early January, the bear took offense with today’s bearish response.

Only three of the ETF’s are above their bullish red curves. All thirty ETF average positions are 6.4% below their bullish red curves. Two of those above bullish red are non-contrarian, which supports bullish bias potential.

The QTI differential is minus 7.2%, which supports the bear, but diminishing in that support.

Short-term Indicant Bull/Bear Health Report for ETF’s

None of the thirty ETF’s are contacting their breakout lines, which is non-bullish.

The average distance from breakout contact is 16.2%. Double digit variances from breakout contact for fifty-six consecutive trading-days is not supportive of the bull.

None of the thirty ETF’s are contacting their breakdown lines, which is non-bearish.

The average distance between the price and breakdown is 11.1%. This configuration is providing non-bearish support, which has been the case since March 2003, but barely hanging on to that support.

The breakout/breakdown differential is bearish 5.1%. This is a bearish attribute, shifting away from bearish support.

ETF Force Vector Configurations

Twenty-six Force Vectors are in bullish domains. That is up by sixteen from last Thursday, which is offering bullish energy. You will notice many appear to have pinnacled. Their impending southerly movement will add insight as to directional intensity.

Most of the non-contrarian ETF’s did approach their respective bearish yellow curves, which was expected. Timidity is always a problem in catapulting bearish yellow after solid bearish onslaughts. If they start moving southerly again with some crossing above bearish yellow, the bear may regain solid control. Fortunately, two non-contrarian ETF’s are holding bullish red positions. It only takes one to prevent complete bearish dominance. The market may become “boring.” That is fine for those desiring sustainable bullish behavior.

To understand potential financial opportunities, click here to learn to identify Robust Force Vectors. They are visible on the Quick-term Indicant charts.

ETF Force Vectors/Vector Pressure Crossings/Option Signals

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Click this sentence for Vector Pressure Option Signals. There was one call option buy signal after Thursday’s close. That brings the total call option buy signals to three the past two days.

Today’s bearish behavior setup well for deeply discounted buy offers for yesterday’s call option buy signals. Do not be surprised at bullish support in the next day or two.

Only eight of the thirty ETF Vector Pressures are in bullish domains, which continues configuring in support of the bear. However, that is an increase by three the past two days. As stated yesterday, this attribute had been holding steady, though, and should increase in the next few days. Continuing increases with this attribute will enhance bullish strength.

Make certain you sell naked options when the Force Vectors shift direction or within two days of the purchase, whichever occurs first. If you are unfamiliar with this, take the options tour.

Quick-term and Short-term Indicant Summary

Continue avoid writing covered options due to volatility.

ProFunds Ultra Short mutual fund moves inversely to the QQQQ by exponential amounts. The Consolidated Indicant model is holding QQQQ. You will notice the Mid-term Indicant is signaling sell for ProFunds Ultra Short this past weekend based entirely on the recent buy signal of QQQQ by the Quick-term and Short-term Indicant.

The Indicant signaled sell for QID 1.3-weeks ago. It is no longer configured as a red bull. It is down by 3.0% since all three models signaled sell. You will notice that its Force Vector is deep inside bearish domains.

To familiarize yourself with viewing the market from an ETF perspective, click the following update links.

Quick-term ETF Options

Quick-term Indicant for ETF’s

Short-term Indicant for ETF’s

Consolidated Quick-term/Short-term Indicant for ETF’s

Click here to the report card, which is updated weekly, to link to related tours.

Links to the Short-term Indicant and Indicant Volume Indicator are below: