May Quick-term and Short-term Indicant Updates

May 31, 2011 Indicant Daily Stock Market Report

Volume 05, Issue 21 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Short-term Indicant Stock Market Report - Summary

Several Force Vectors crossed into bullish domains. If they hold and do not retreat to bearish domains, the stock market bull will regain its advantage over the stock market bear. There were several Near-term Indicant buy signals today.

Keep in mind bullish and bearish unanimity remains absent. That opens the possibility of stock market fluttering. Unanimity will occur when all non-contrarian signals are same; that is either hold/bull or avoid/bear. A mix between those two signals continues pestering a desired directional intensity in either direction.

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

The Near-term Indicant signaled two new bulls and no new bear. Click this sentence to see table leading to the charts.

The Near-term Indicant is signaling bull for four major non-contrarian indices. They are the four Dow Indices. They are up by an average of 2.6% since their bull signals an average of 8.6-weeks ago. This annualizes at 16.0%.

The Near-term Indicant is signaling bear for six major indices, including contrarian VIX. They are up 1.5% since those bear signals.

The Quick-term Indicant has been signaling bull for the eleven major indices for an average of 34.3-weeks. They are up by an average of 20.6% since their bull signals, annualizing at 31.2%. Contrarian VIX is enduring a bear signal. It is down 3.3% since last Friday’s bear signal.

Short-term Market Summary

The stock market bull responded to recent bear attacks. It will be interesting if the bear responds in kind. Contrarian VIX and non contrarian indices are both enjoying positive Vector Pressure. With that, an underlying bull/bear battle rages. The S&P400 and S&P600 Force Vectors crossed about bullish Pressure today, prompting their new bull signals.

Indicant Volume Indicators

The NASDAQ IVI crossed into high activity domains on Mar 21, 2011. It fell back into low activity a few weeks later. It continues moving lethargically. The NYSE Indicant Volume Indicator remains in low interest domains, while mildly increasing there. It appears to be peaking ahead of normally lethargic summertime volume. As stated the past several weeks, unless these configurations shift back to robustness, do not be surprised at overall stock market lethargy.

May 31, 2011-Tue-Volume was healthy on today’s bullish aggression, threatening those indices with bear signals.

Short-term ETF Report Card, Status, and Charts

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

The Near-term Indicant is signaling hold for 15-ETF’s. They are up by an average of 10.7% since their buy signals an average of 15.6-weeks ago. This annualizes at 35.8%.

The NTI is avoiding nine-ETF’s. They are down by an average of 0.9% since their sell signals an average of 2.1-weeks ago.

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

The Quick-term Indicant is signaling hold for 29-ETF’s. They are up by an average of 25.8% since their buy signals an average of 41.9-weeks ago. This annualizes at 32.0%.

The Quick-term Indicant is avoiding two ETF’s. They are down 12.1% since the QTI sell signals 5.1-weeks ago.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled buy today, as Pressure crossed into bullish domains. Its Force Vector cycle is bullishly mature. The next near-term sell signal will occur if price falls below NTI Blue and Force dips back into bearish domains.

The Quick-term Indicant signaled buy on Sep 15, 2010. It is up 42.8%, annualizing at 59.8% since then. The Quick-term Indicant will not signal sell until interacting at QTI Yellow.

ETF#11-Gold and Precious Metals is up 85.5% since the QTI signaled buy on December 11, 2008. Annualized growth is at 34.2%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $131.22 and still rising. Relaxation is in order since your buy price approximates $80.65 versus today’s closing price of $149.64. Force is again increasing, which supports short-term bullishness.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 10.5% since then, annualizing at 37.1%.

Near-term attributes for the next sell signal will be price below NTI Blue with negative Vector Pressure. Threatening is price 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 on May 17, 2011 from the Near-term Indicant and the Quick-term Indicant. Force started rising in bullish domains. It is pretty hot, but the next sell signal will not occur until price falls below NTI Blue since the buy signal was tardy in doing so. It is up 0.1% since the buy signals and annualizing at 2.7%.

The Near-term Indicant and Quick-term Indicant signaled buy on May 25, 2011 for ETF#31-QID. It is down 5.3% since then. Force remains in bullish domains with Pressure still lagging a bit in bearish domains, which threatens this hold signal. Price fell below NTI Blue today, but Force remains in bullish domains. If Force dips into bearish domains, both models will receive sell signals.

The Quick-term and Near-term Indicant signaled sell on Apr 1, 2011 for ETF#32-VXX. This ETN does not track well with VIX. The Short-term Indicant may discontinue tracking this ETN due to poor quality practices by its managers. It is down 26.8% since the sell signals.

Major ETF Events

May 31, 2011-Tue-Several Force Vectors penetrated bullish domains. That should encourage the bull, but some are bullishly mature. If Force continues to strengthen, the stress on the near-term bullish cycle will subside. If they reverse back to bearish domains, either stock market fluttering will manifest or a stock market bear will occur. Neither is good, while fluttering would be favored.

Current Strategy-Short-term Indicant- May 31, 2011. The stock market bull retains bullish support by the Short-term Indicant. The bull is challenging the bear along the near-term cycle. Several Force Vectors crossed into bullish domains today. If they do not quickly retreat to bearish domains, the stock market bull will regain its advantage.

-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

05/31/2011

May 27, 2011 Indicant Daily Stock Market Report

Volume 05, Issue 20 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Short-term Indicant Stock Market Report - Summary

The stock market bull retains bullish support while the near-term cycle is increasingly supporting the bear. So far, configurations suggest a bearish spurt is underway, but risk are too high to continue holding for those with sell or avoid signals. The bull, however, is offering resistance, but anemically so. That does not bode well for near-term bullish expectations along the near-term cycle. Some ETF’s remain very bullish. That suggests they need to cool off. Their bullish configuration suggests the bull still has underlying influence, but some cooling is needed before the bull resumes dominance. If they do more than cooling and shift under the influence of the bear, this bearish spurt could mature into a dynamic bear. However, fundamentals do not yet support that, but keep in mind the stock market anticipates fundamentals as opposed to following them.

Bearish unanimity remains absent, though, and thus a bearish spurt remains configured. There are nine Red Bulls protecting against dynamic bearish behavior. Keep in mind, also bullish unanimity remains absent on the near-term cycle which is certainly not inspirational to the stock market bull.

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

The Near-term Indicant signaled no new bulls and one new bear. Click this sentence to see table leading to the charts.

The MTI signaled bear for the VIX this Friday. Its Force Vector fell into bearish domains. It is barely detectable. However, VIX Pressure remains bullish, which is a bit threatening to the new bear signal. The VIX is without direction.

The Near-term Indicant is signaling bull four major non-contrarian indices. They are the four Dow Indices. They are up by an average of 1.7% since their bull signals an average of 8.0-weeks ago. This annualizes at 10.9%.

The Quick-term Indicant also signaled bear this Friday for the VIX index.

The Quick-term Indicant has been signaling bull for the eleven major indices for an average of 33.8-weeks. They are up by an average of 19.2% since their bull signals, annualizing at 29.6%.

Short-term Market Summary

The Dow30 NTI Bullish Blue collapsed last Tuesday, while the other three major Dow Indices have yet to endure that bearish attribute. It will be interesting to see if the bull has enough left in it to respond to this insult by the bear along the near-term cycle. Its response was a bit weak the last three days of this past week, while unimpressive, but a bullish response nonetheless. The DJIA regained Red Bull status this past Thursday after losing it last Tuesday. The battle wages, but the war is a long way off before concluding with a victor when considering all short-term attributes.

As previously stated, the other three Dow Indices, Composites, Transports, and Utilities NTI Blue curves have not yet collapsed. Thus, there is no bear signal for any of the Dow Indices including the anemic Dow30. The Dow Utilities remains steadfastly in support of the bull, even though it was the only major non-contrarian index that was bearish last Wed and Thu. That suggests continuing money rotations, which is consistent with bearish spurts, as opposed to dynamic bearish behavior. Its configuration supports a mere technical adjustment. As long as that configuration remains in tact, the bear cannot dominate, while its pestering behavior is certainly disturbing.

There are only four contrarian Red Bulls (all Dow Indices). Although Red Bull population is down significantly the past few days, their existence diminishes excessive bearish magnitude. Unfortunately, seven Red Bulls were lost the past five days. Additionally, several NTI Blue Curves collapsed last Monday and the DJIA’s collapsed this past Tuesday. The expected bullish response occurred last Wed, Thu, and Fri, which is common after such collapses. This bullish response had little punch to it, but last Thursday’s response was a bit more impressive in the face of souring economic news.

Risk assessment favors recognition of the bear on those indices with the bear signal, as opposed to assuming a solid and long-lasting bullish response with the exception of the Dow Indices. Let’s again wait one more day to see if the bull has any punch left to these insults by the bear since the bull indeed responded the past three days.

Indicant Volume Indicators

May 27, 2011-Fri-Depressed holiday volume masked directional intensity.

May 26, 2011-Thu-Passive volume on mild stock market behavior suggests little interesting in supporting bull or bear. It is meandering with support for near-term bearishness, albeit not dynamically so.

May 25, 2011-Wed-Mild volume on mild bullishness offset yesterday’s mild bearish behavior.

May 24, 2011-Tue-Same as yesterday with milder bearishness.

May 23, 2011-Mon-Low volume accompanied today’s bearish behavior, suggesting a bearish spurt in the face of underlying bullish bias.

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 15-ETF’s. They are up by an average of 9.9% since their buy signals an average of 15.0-weeks ago. This annualizes at 34.3%.

The NTI is avoiding 17-ETF’s. They are up by an average of 0.1% 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 29-ETF’s. They are up by an average of 24.4% since their buy signals an average of 41.4-weeks ago. This annualizes at 30.7%.

The Quick-term Indicant is avoiding three ETF’s. They are down 6.3% since the QTI sell signals 3.2-weeks ago.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell on May 16, 2011. It is up 4.2% since then. The Quick-term Indicant signaled buy on Sep 15, 2010. It is up 41.4%, annualizing at 58.7% since then. The Quick-term Indicant will not signal sell until interacting at QTI Yellow. The short-term attributes remain bearish even though the energy bull is resisting bearish incursions. Keep in mind, this is along the near-term cycle and in between bullish and bearish desires. Force is bullishly mature, suggesting more bearishness is highly probable on the near-term horizon (within three days). It’s Pressure remains in bearish domains, which is one, but important reason, for continued avoidance.

ETF#11-Gold and Precious Metals is up 85.6% since the QTI signaled buy on December 11, 2008. Annualized growth is at 34.4%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $131.09 and still rising. Relaxation is in order since your buy price approximates $80.65 versus today’s closing price of $149.70. Force is again increasing, which supports short-term bullishness.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 10.6% since then, annualizing at 38.8%.

Near-term attributes for the next sell signal will be price below NTI Blue with negative Vector Pressure. Threatening is price 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.

The Near-term Indicant and Quick-term Indicant signaled buy on May 25, 2011 for ETF#31-QID. It is down 2.3% since then. Force remains in bullish domains with Pressure still lagging a bit in bearish domains, which threatens this hold signal.

Major ETF Events

May 27, 2011-Fri-The stock market continues resisting bearish assertions in the face of unfavorable news. However, the threat of bearish spurt behavior continues to pester.

May 26, 2011-Thu-The stock market was mildly bullish on today’s souring economic news. That supports the idea of bearish spurt behavior as opposed to dynamic bearishness.

May 25, 2011-Wed-ETF#01-QQQQ and ETF#02-SPY received Near-term sell signals. Although their respective Vector Pressures are in bullish domains, their Force Vectors dipped south and their prices are below NTI-Green curve. Although not necessarily bearish, their bullish response to bearish insults was too anemic to continue holding.

May 24, 2011-Tue-ETF#03-XLE Force crossed above Pressure and into bullish domains. Behavior in the next few days will be interesting, but it remains bearish on the near-term cycle.

May 23, 2011-Mon-More near-term sell signals based on reduction in Force and inevitability of Pressure falling into bearish domains. It will be interesting to see if the bull will respond to NTI Blue’s collapse today.

Current Strategy-Short-term Indicant- May 27, 2011. The stock market bull retains bullish support while the near-term cycle is increasingly supporting the bear. So far, configurations suggest a bearish spurt is underway, but risk are too high to continue holding for those with sell or avoid signals. The bull, however, is offering resistance, but anemically so. That does not bode well for near-term bullish expectations along the near-term cycle. Some ETF’s remain very bullish. That suggests they need to cool off. Their bullish configuration suggests the bull still has underlying influence, but some cooling is needed before the bull resumes dominance. That is consistent with bearish spurt behavior. If they do more than cooling and shift under the influence of the bear, this bearish spurt could mature into a dynamic bear. Sell signals will be unleashed if all prices fall below NTI Green. Falling below QTI Yellow would stamp a “dynamic bear.”

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

05/27/2011

May 26, 2011 Indicant Daily Stock Market Report

Volume 05, Issue 19 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Short-term Indicant Stock Market Report - Summary

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 Near-term Indicant is signaling bull four major non-contrarian indices. They are the four Dow Indices and contrarian VIX. They are down by an average of 1.1% since their bull signals an average of 6.3-weeks ago. This annualizes at -1.1%. The VIX and/or Dow Indices will not coexist as bulls too much longer.

The Quick-term Indicant has been signaling bull for all twelve major indices, including contrarian VIX, for an average of 30.9-weeks. They are up by an average of 16.2% since their bull signals, annualizing at 27.3%.

Short-term Market Summary

The Dow30 NTI Bullish Blue collapsed last Tuesday, while the other three major Dow Indices have yet to endure that bearish attribute. It will be interesting to see if the bull has enough left in it to respond to this insult by the bear along the near-term cycle. Its response yesterday was meek and today’s a bit stronger, while unimpressive, but a response nonetheless. The DJIA regained Red Bull status today after losing it last Tuesday. The battle wages, but the war is a long way off before concluding with a victor when considering all short-term attributes.

As previously stated, the other three Dow Indices, composites, transports, and utilities NTI Blue curves have not yet collapsed. Thus, there is no bear signal for none of the Dow Indices including the anemic Dow30. The Dow Utilities remains steadfastly in support of the bull, even though it was the only major non-contrarian index that was bearish today and yesterday. That suggests continuing money rotations, which is consistent with bearish spurts, as opposed to dynamic bearish behavior. Its configuration supports a mere technical adjustment. As long as that configuration remains in tact, the bear cannot dominate, while its pestering behavior is certainly disturbing.

There are only four contrarian Red Bulls (all Dow Indices). Although Red Bull population is down significantly the past few days, their existence diminishes excessive bearish magnitude. Unfortunately, seven Red Bulls were lost the past four days. Additionally several NTI Blue Curves collapsed last Monday and the DJIA’s collapsed this past Tuesday. The expected bullish response occurred the past two days, which is common after such collapses. Yesterday’s and today’s bullish response had little punch to it, but today’s was a bit more impressive in the face of souring economic news.

Indicant Volume Indicators

The NASDAQ IVI crossed into high activity domains on Mar 21, 2011. It fell back into low activity a few weeks later. It continues moving lethargically. The NYSE Indicant Volume Indicator remains in low interest domains, while mildly increasing there. As stated the past several weeks, unless these configurations shift back to robustness, do not be surprised at overall stock market lethargy.

May 25, 2011-Wed-Mild volume on mild bullishness offset yesterday’s mild bearish behavior.

May 24, 2011-Tue-Same as yesterday with milder bearishness.

May 23, 2011-Mon-Low volume accompanied today’s bearish behavior, suggesting a bearish spurt in the face of underlying bullish bias.

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 15-ETF’s. They are up by an average of 9.5% since their buy signals an average of 14.9-weeks ago. This annualizes at 33.3%.

The NTI is avoiding 17-ETF’s. They are down by an average of 0.4% since their sell signals an average of 1.2-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 by an average of 23.9% since their buy signals an average of 41.2-weeks ago. This annualizes at 30.1%.

The Quick-term Indicant is avoiding three ETF’s. They are down 6.4% since the QTI sell signals 3.0-weeks ago.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell on May 16, 2011. It is up 4.0% since then. The Quick-term Indicant signaled buy on Sep 15, 2010. It is up 41.0%, annualizing at 58.4% since then. The Quick-term Indicant will not signal sell until interacting at QTI Yellow. The short-term attributes remain bearish even though the energy bull is resisting bearish incursions. Keep in mind, this is along the near-term cycle and in between bullish and bearish desires. Force is bullishly mature, suggesting more bearishness is highly probable on the near-term horizon (within four days).

ETF#11-Gold and Precious Metals is up 83.8% since the QTI signaled buy on December 11, 2008. Annualized growth is at 33.7%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $130.95 and still rising. Relaxation is in order since your buy price approximates $80.65 versus today’s closing price of $148.22. Force is again increasing, which supports short-term bullishness.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 9.5% since then, annualizing at 35.1%.

Near-term attributes for the next sell signal will be price below NTI Blue with negative Vector Pressure. Threatening is price 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.

The Near-term Indicant and Quick-term Indicant signaled buy on May 25, 2011 for ETF#31-QID. It is down 1.3% since then. Force remains in bullish domains with Pressure still lagging a bit in bearish domains.

Major ETF Events

May 26, 2011-Thu-The stock market was mildly bullish on today’s souring economic news. That supports the idea of bearish spurt behavior as opposed to dynamic bearishness.

May 24, 2011-Tue-ETF#03-XLE Force crossed above Pressure and into bullish domains. Behavior in the next few days will be interesting, but it remains bearish on the near-term cycle.

Current Strategy-Short-term Indicant- May 26, 2011. The stock market bull retains bullish support while the near-term cycle is increasingly supporting the bear. So far, configurations suggest a bearish spurt is underway, but risk are too high to continue holding for those with sell or avoid signals. The bull, however, is offering resistance, but anemically so. That does not bode well for near-term bullish expectations along the near-term cycle. Some ETF’s remain very bullish. That suggests they need to cool off. Their bullish configuration suggests the bull still has underlying influence, but some cooling is needed before the bull resumes dominance. That is consistent with bearish spurt behavior. If they do more than cooling and shift under the influence of the bear, this bearish spurt could mature into a dynamic bear. Sell signals will be unleashed if all prices fall below NTI Green. Falling below QTI Yellow would stamp a “dynamic bear.”

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

05/26/2011

May 25, 2011 Indicant Daily Stock Market Report

Volume 05, Issue 18 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Short-term Indicant Stock Market Report - Summary

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 Near-term Indicant is signaling bull four major non-contrarian indices. They are the four Dow Indices. They are down by an average of 0.2% since their bull signals an average of 6.2-weeks ago. This annualizes at -0.2%. The Near-term Indicant signaled new bull for contrarian VIX last Monday.

The Quick-term Indicant has been signaling bull for the twelve major indices, including contrarian VIX, for an average of 30.7-weeks. They are up by an average of 16.1% since their bull signals, annualizing at 27.3%.

Short-term Market Summary

The Dow30 NTI Bullish Blue collapsed yesterday. It will be interesting to see if the bull has enough left in it to respond to this insult by the bear along the near-term cycle. Its response today was meek, but a response nonetheless. It regained Red Bull status today after losing it yesterday. The battle wages, but the war is a long way off before concluding with a victor when considering all short-term attributes.

The other three Dow Indices, composites, transports, and utilities NTI Blue curves have not yet collapsed. Thus, there is no bear signal for none of the Dow Indices including the anemic Dow30. The Dow Utilities remains steadfastly in support of the bull, even though it was the only major non-contrarian index that was bearish today. That suggests continuing money rotations, which is consistent with bearish spurts, as opposed to dynamic bearish behavior. Its configuration supports a mere technical adjustment. As long as that configuration remains in tact, the bear cannot dominate.

There are only four contrarian Red Bulls. Although Red Bull population is down significantly the past few days, their existence diminishes potential bearish magnitude. Unfortunately, seven Red Bulls were lost the past three days. Additionally several NTI Blue Curves collapsed last Monday and the DJIA’s collapsed this past Tuesday. The expected bullish response occurred today, which is common after such collapses. It was disappointing today’s bullish response had little punch to it. Risk assessment favors recognition of the bear on those indices with the bear signal, as opposed to assuming a bullish response with the exception of the Dow Indices. Let’s again wait one more day to see if the bull has any punch left to these insults by the bear.

Indicant Volume Indicators

The NASDAQ IVI crossed into high activity domains on Mar 21, 2011. It fell back into low activity a few weeks later. It continues moving lethargically. The NYSE Indicant Volume Indicator remains in low interest domains, while mildly increasing there. As stated the past several weeks, unless these configurations shift back to robustness, do not be surprised at overall stock market lethargy.

May 25, 2011-Wed-Mild volume on mild bullishness offset yesterday’s mild bearish behavior.

May 24, 2011-Tue-Same as yesterday with milder bearishness.

May 23, 2011-Mon-Low volume accompanied today’s bearish behavior, suggesting a bearish spurt in the face of underlying bullish bias.

Short-term ETF Report Card, Status, and Charts

The Near-term Indicant generated one buy signal and three sell signals.

The Near-term Indicant is signaling hold for 14-ETF’s. They are up by an average of 9.6% since their buy signals an average of 15.8-weeks ago. This annualizes at 31.6%.

The NTI is avoiding 14-ETF’s. They are down by an average of 1.2% since their sell signals an average of 1.3-weeks ago.

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

The Quick-term Indicant is signaling hold for 28-ETF’s. They are up by an average of 24.0% since their buy signals an average of 42.5-weeks ago. This annualizes at 29.3%.

The Quick-term Indicant is avoiding three ETF’s. They are down 6.7% since the QTI sell signals 2.9-weeks ago.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell on May 16, 2011. It is up 3.5% since then. The Quick-term Indicant signaled buy on Sep 15, 2010. It is up 40.3%, annualizing at 57.6% since then. The Quick-term Indicant will not signal sell until interacting at QTI Yellow. The short-term attributes remain bearish as the energy bull is resisting bearish incursions. Keep in mind, this is along the near-term cycle and really in between bullish and bearish desires. Force is bullishly mature, suggesting more bearishness is highly probable on the near-term horizon (within five days).

ETF#11-Gold and Precious Metals is up 84.2% since the QTI signaled buy on December 11, 2008. Annualized growth is at 33.9%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $130.81 and still rising. Relaxation is in order since your buy price approximates $80.65 versus today’s closing price of $148.58. Force is again increasing, which supports short-term bullishness.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 9.7% since then, annualizing at 36.5%.

Near-term attributes for the next sell signal will be price below NTI Blue with negative Vector Pressure. Threatening is price 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.

The Near-term Indicant and Quick-term Indicant signaled buy today for ETF#31-QID.

Major ETF Events

May 24, 2011-Tue-ETF#03-XLE Force crossed above Pressure and into bullish domains. Behavior in the next few days will be interesting, but it remains bearish on the near-term cycle.

Current Strategy-Short-term Indicant- May 25, 2011. The stock market bull retains bullish support while the near-term cycle is increasingly supporting the bear. So far, configurations suggest a bearish spurt is underway, but risk are too high to continue holding for those with sell or avoid signals. The bull, however, is offering resistance, but anemically so. That does not bode well for near-term bullish expectations along the near-term cycle. Some ETF’s remain very bullish. That suggests they need to cool off. Their bullish configuration suggests the bull still has underlying influence, but some cooling is needed before the bull resumes dominance. If they do more than cooling and shift under the influence of the bear, this bearish spurt could mature into a dynamic bear.

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

05/25/2011

May 24, 2011 Indicant Daily Stock Market Report

Volume 05, Issue 17 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Short-term Indicant Stock Market Report - Summary

Near-term bearish ambition is not being discouraged. Force continues vacillating in bearish domains, offering some inspiration to the bear.

Bearish unanimity remains absent, though, and thus a bearish spurt remains configured. There are nine Red Bulls protecting against dynamic bearish behavior.

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 Near-term Indicant is signaling bull four major non-contrarian indices. They are the four Dow Indices. They are up by an average of 0.4% since their bull signals an average of 6.1-weeks ago. This annualizes at 3.2%. The Near-term Indicant signaled new bull for contrarian VIX yesterday.

The Quick-term Indicant has been signaling bull for the twelve major indices, including contrarian VIX, for an average of 30.6-weeks. They are up by an average of 15.9% since their bull signals, annualizing at 27.1%.

Short-term Market Summary

The Dow30 NTI Bullish Blue collapsed today. It will be interesting to see if the bull has enough left in it to respond to this insult by the bear along the near-term cycle. It lost Red Bull status to boot, but barely. If the bull is not gutless, there should be a response; if for no longer reason to slow bear’s progress. The battle wages, but the war is a long way off before concluding with a victor when considering all short-term attributes.

There are only three contrarian Red Bulls. Although Red Bull population is down significantly the past few days, their existence diminishes potential bearish magnitude. Unfortunately, eight Red Bulls were lost the past two days. Additionally several NTI Blue Curves collapsed yesterday and the DJIA’s collapsed today. That sometimes invokes a bullish response. However, risk assessment favors recognition of the bear, as opposed to assuming a bullish response with the exception of the Dow Indices. Let’s wait one more day to see if the bull has any punch left to these insults by the bear.

Indicant Volume Indicators

The NASDAQ IVI crossed into high activity domains on Mar 21, 2011. It fell back into low activity a few weeks later. It continues moving lethargically. The NYSE Indicant Volume Indicator remains in low interest domains, while mildly increasing there. As stated the past several weeks, unless these configurations shift back to robustness, do not be surprised at overall stock market lethargy.

May 24, 2011-Tue-Same as yesterday with milder bearishness.

May 23, 2011-Mon-Low volume accompanied today’s bearish behavior, suggesting a bearish spurt in the face of underlying bullish bias.

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 17-ETF’s. They are up by an average of 7.4% since their buy signals an average of 14.2-weeks ago. This annualizes at 27.0%.

The NTI is avoiding 15-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 28-ETF’s. They are up by an average of 23.4% since their buy signals an average of 42.4-weeks ago. This annualizes at 28.7%.

The Quick-term Indicant is avoiding four ETF’s. They are down 3.4% since the QTI sell signals 3.3-weeks ago.

ETF#01-QQQQ is holding since Force is bearishly mature and moving laterally, suggesting potential for bullish response. This is unusual with NAS100’s bear signal. This conflict will be resolved by the market in a day or two.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell on May 16, 2011. It is up 1.7% since then. The Quick-term Indicant signaled buy on Sep 15, 2010. It is up 38.0%, annualizing at 54.5% since then. The Quick-term Indicant will not signal sell until interacting at QTI Yellow. The short-term attributes remain bearish as the energy bull is resisting bearish incursions. Keep in mind, this is along the near-term cycle.

ETF#11-Gold and Precious Metals is up 84.2% since the QTI signaled buy on December 11, 2008. Annualized growth is at 33.9%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $130.68 and still rising. Relaxation is in order since your buy price approximates $80.65 versus today’s closing price of $148.59. Force is again increasing, which supports short-term bullishness.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 9.7% since then, annualizing at 36.9%.

Near-term attributes for the next sell signal will be price below NTI Blue with negative Vector Pressure. Threatening is price 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.

The Near-term Indicant and Quick-term Indicant signaled sell Apr 20, 2011 for ETF#31-QID. It is up 4.3% since those sell signals.

Major ETF Events

May 24, 2011-Tue-ETF#03-XLE Force crossed above Pressure and into bullish domains. Behavior in the next few days will be interesting, but it remains bearish on the near-term cycle.

Current Strategy-Short-term Indicant- May 24, 2011. The stock market bull retains bullish support while the near-term cycle is increasingly supporting the bear. So far, configurations suggest a bearish spurt is underway, but risk are too high to continue holding for those with sell or avoid signals. The bull, however, is offering resistance.

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

05/24/2011

May 23, 2011 Indicant Daily Stock Market Report

Volume 05, Issue 16 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Short-term Indicant Stock Market Report - Summary

Near-term bearish ambition is not being discouraged. Force continues vacillating in bearish domains, offering some inspiration to the bear.

Bearish unanimity remains absent and thus a bearish spurt remains configured. There are nine Red Bulls protecting against dynamic bearish behavior.

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

The Near-term Indicant signaled one new bull and seven new bears. Click this sentence to see table leading to the charts.

The Near-term Indicant is signaling bull four major non-contrarian indices. They are the four Dow Indices. They are up by an average of 1.4% since their bull signals an average of 7.4-weeks ago. This annualizes at 9.8%. The Near-term Indicant signaled new bull for contrarian VIX today.

The Quick-term Indicant has been signaling bull for the eleven major non-contrarian indices for an average of 33.2-weeks. They are up by an average of 17.9% since their bull signals, annualizing at 28.1%.

The Quick-term Indicant generated a new bull signal for contrarian VIX today.

Short-term Market Summary

There are only four contrarian Red Bulls. Their existence diminishes bearish magnitude. Unfortunately, seven Red Bulls were lost today. Additionally several NTI Blue Curves collapsed today. That sometimes invokes a bullish response. However, risk assessment favors recognition of the bear, as opposed to assuming a bullish response.

Indicant Volume Indicators

The NASDAQ IVI crossed into high activity domains on Mar 21, 2011. It fell back into low activity a few weeks later. It continues moving lethargically. The NYSE Indicant Volume Indicator remains in low interest domains, while mildly increasing there. As stated the past several weeks, unless these configurations shift back to robustness, do not be surprised at overall stock market lethargy.

May 23, 2011-Mon-Low volume accompanied today’s bearish behavior, suggesting a bearish spurt in the face of underlying bullish bias.

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 17-ETF’s. They are up by an average of 7.6% since their buy signals an average of 14.1-weeks ago. This annualizes at 28.0%.

The NTI is avoiding ten ETF’s. They are down by an average of 2.4% since their sell signals an average of 1.9-weeks ago.

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

The Quick-term Indicant is signaling hold for 28-ETF’s. They are up by an average of 23.4% since their buy signals an average of 42.2-weeks ago. This annualizes at 28.8%.

The Quick-term Indicant is avoiding three ETF’s. They are down 5.9% since the QTI sell signals 4.2-weeks ago.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell on May 16, 2011. It is up 0.3% since then. The Quick-term Indicant signaled buy on Sep 15, 2010. It is up 36.1%, annualizing at 52.0% since then. The Quick-term Indicant will not signal sell until interacting at QTI Yellow. The short-term attributes are increasingly bearish.

ETF#11-Gold and Precious Metals is up 83.3% since the QTI signaled buy on December 11, 2008. Annualized growth is at 33.6%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $130.55 and still rising. Relaxation is in order since your buy price approximates $80.65 versus today’s closing price of $147.83. Force is again increasing, which supports short-term bullishness.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 9.2% since then, annualizing at 35.1%.

Near-term attributes for the next sell signal will be price below NTI Blue with negative Vector Pressure. Threatening is price 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.

The Near-term Indicant and Quick-term Indicant signaled sell Apr 20, 2011 for ETF#31-QID. It is up 2.9% since that sell signal.

Major ETF Events

Current Strategy-Short-term Indicant- May 23, 2011. The stock market bull retains bullish support while the near-term cycle is increasingly supporting the bear. So far, configurations suggest a bearish spurt is underway, but risk are too high to continue holding for those with sell or avoid signals.

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

05/23/2011

May 20, 2011 Indicant Daily Stock Market Report

Volume 05, Issue 15 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Short-term Indicant Stock Market Report - Summary

Near-term bearish ambition is not being discouraged. Force is vacillating in bearish domains.

Bearish unanimity is required for strong bearish cycles. The Dow Utilities is not participating with recent bearish behavior although it was the only bearish index yesterday and the weakest bullish expression today. Strong bears require unanimous support across all sectors, other than energy and commodities. ETF#10-IBB-Biotech, which is not contrarian, remains with bullish configurations. Thus bearish unanimity is absent. The same is true for bullish support. Therefore, meandering behavior would not be surprising.

With that do not be surprised at meandering behavior with a touch of increased volatility.

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 Near-term Indicant is signaling bull of all eleven major non-contrarian indices. They are up by an average of 0.7% since their respective bull signals on Apr 1, 2011. This is annualizing at 4.9%. The Near-term Indicant is signaling bear for contrarian VIX. It is up 0.2% since the bear signal on April 1, 2011.

The Quick-term Indicant is also signaling bear of contrarian VIX. It is up 0.2% since the bear signal on Apr 1, 2011.

The Quick-term Indicant has been signaling bull for the eleven major non-contrarian indices for an average of 32.8-weeks. They are up by an average of 19.5% since their bull signals, annualizing at 31.0%.

Short-term Market Summary

Eleven non-contrarian Red Bull configurations remain supportive of the Quick-term bull. Market behavior reasserted Red Bull status, offering significant resistance to bearish dominance. There is only one non-contrarian NTI Blue Bull. That offers very limited bullish support along the near-term cycle.

Some Force Vectors reversed back to the north last Wednesday. Since then, some have waffled, while others remain in favor of the bull. The Dow Utilities continues expressing strong bullish configurations. Interestingly, it was the only major index that was bearish last Wed, the weakest bullish expression this past Thu, and it was the least bearish this past Fri. That continues suggesting money rotation. With that, we have meandering potential ahead of us. The stock market bear cannot dominate along the near-term cycle until all are below NTI Green. Utilities strong bullish configuration is also a source of frustration to the stock market bear.

Indicant Volume Indicators

The NASDAQ IVI crossed into high activity domains on Mar 21, 2011. It fell back into low activity a few weeks later. It continues moving lethargically. The NYSE Indicant Volume Indicator remains in low interest domains, while mildly increasing there. As stated the past several weeks, unless these configurations shift back to robustness, do not be surprised at overall stock market lethargy.

May 20, 2011-Fri-Mediocre volume on mild bearishness is consistent with meandering stock market behavior.

May 19, 2011-Thu-Same as yesterday.

May 18, 2011-Wed-Mild volume on mild bullish offers nothing to upset status quo; that is bullish bias although with bearish spurt potential.

May 17, 2011-Tue-Volume was up slightly on mild bearish behavior. So far, this is configured consistent with bearish spurt potential as opposed to dynamic bearish sustainability.

May 16, 2011-Mon-Mild to aggressive bearish behavior on normal to light volume suggests that no more than a bearish spurt may be underway; certainly not a dynamic deep bear with expansive breadth.

Short-term ETF Report Card, Status, and Charts

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

The Near-term Indicant is signaling hold for 22-ETF’s. They are up by an average of 6.7% since their buy signals an average of 12.0-weeks ago. This annualizes at 29.4%.

The NTI is avoiding nine ETF’s. They are down by an average of 1.9% since their sell signals an average of 1.7-weeks ago.

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

The Quick-term Indicant is signaling hold for 30-ETF’s. They are up by an average of 24.1% since their buy signals an average of 41.8-weeks ago. This annualizes at 30.0%.

The Quick-term Indicant is avoiding two ETF’s. They are down 10.9% since the QTI sell signals 5.6-weeks ago.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled on May 16, 2011. It is up 1.9% since then. The Quick-term Indicant signaled buy on Sep 15, 2010. It is up 38.2%, annualizing at 55.7% since then. The Quick-term Indicant will not signal sell until interacting at QTI Yellow. The short-term attributes are increasingly bearish.

ETF#11-Gold and Precious Metals is up 82.9% since the QTI signaled buy on December 11, 2008. Annualized growth is at 33.5%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $130.42 and still rising. Relaxation is in order since your buy price approximates $80.65 versus today’s closing price of $147.49. Force is again increasing, which supports short-term bullishness.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 8.9% since then, annualizing at 35.3%.

Near-term attributes for the next sell signal will be price below NTI Blue with negative Vector Pressure. Threatening is price 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.

The Near-term Indicant and Quick-term Indicant signaled sell Apr 20, 2011 for ETF#31-QID. It is flat since that sell signal.

Major ETF Events

May 20, 2011-Fri-Bullish Forces weakened a bit more.

May 19, 2011-Thu-Force is having some difficulty in shifting into a robust improvement cycle.

May 18, 2011-Wed-Force reversed direction to the north today, supporting bullish bias.

May 17, 2011-Tue-No attributes offered resistance to bearish inclinations. More sell signals occurred today.

May 16, 2011-Mon-Several attributes discontinued support of the bull and thus four Near-term sell signals were generated.

Current Strategy-Short-term Indicant- May 20, 2011. The stock market bull, along all three cycle types, remains in tact with a mild but increasing deterioration of the near-term cycle. Required unanimity among non-contrarian securities for bull and bear are absent. Do not be surprised at meandering stock market behavior during summertime. If volume remains depressed, expect more volatility.

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

05/20/2011

May 19, 2011 Indicant Daily Stock Market Report

Volume 05, Issue 14 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Short-term Indicant Stock Market Report - Summary

Most attributes are not resisting bearish inclinations with the exception of Force Vectors, which reversed direction this past Wednesday, favoring the stock market bull. The bear is not yet dominating. Bearish unanimity is required for strong bearish cycles. The Dow Utilities is not participating with recent bearish behavior although it was the only bearish index yesterday and the weakest bullish expression today. Strong bears require unanimous support across all sectors, other than energy and commodities. ETF#10-IBB-Biotech, which is not contrarian, remains with bullish configurations. Thus bearish unanimity is absent. The same is true for bullish support.

With that do not be surprised at meandering behavior with a touch of increased volatility.

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 Near-term Indicant is signaling bull of all eleven major non-contrarian indices. They are up by an average of 1.3% since their respective bull signals on Apr 1, 2011. This is annualizing at 10.1%. The Near-term Indicant is signaling bear for contrarian VIX. It is down 10.8% since the bear signal on April 1, 2011.

The Quick-term Indicant is also signaling bear of contrarian VIX. It is down 10.8% since the bear signal on Apr 1, 2011.

The Quick-term Indicant has been signaling bull for the eleven major non-contrarian indices for an average of 32.6-weeks. They are up by an average of 20.4% since their bull signals, annualizing at 32.5%.

Short-term Market Summary

Some Force Vectors reversed back to the north yesterday, offering the bull a bit of inspiration. The Dow Utilities is expressing very strong bullish configurations. Interestingly, it was the only major index that was bearish yesterday and the weakest bullish expression today, suggesting money rotation. With that, we have meandering potential ahead of us. The stock market bear cannot dominate along the near-term cycle until all are below NTI Green.

Indicant Volume Indicators

The NASDAQ IVI crossed into high activity domains on Mar 21, 2011. It fell back into low activity a few weeks later. It continues moving lethargically. The NYSE Indicant Volume Indicator remains in low interest domains, while mildly increasing there. Unless these configurations shift back to robust configurations, do not be surprised at overall stock market lethargy.

May 19, 2011-Thu-Same as yesterday.

May 18, 2011-Wed-Mild volume on mild bullish offers nothing to upset status quo; that is bullish bias although with bearish spurt potential.

May 17, 2011-Tue-Volume was up slightly on mild bearish behavior. So far, this is configured consistent with bearish spurt potential as opposed to dynamic bearish sustainability.

May 16, 2011-Mon-Mild to aggressive bearish behavior on normal to light volume suggests that no more than a bearish spurt may be underway; certainly not a dynamic deep bear with expansive breadth.

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 23-ETF’s. They are up by an average of 6.9% since their buy signals an average of 11.4-weeks ago. This annualizes at 31.4%.

The NTI is avoiding nine ETF’s. They are down by an average of 1.6% 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 30-ETF’s. They are up by an average of 23.9% since their buy signals an average of 41.3-weeks ago. This annualizes at 30.9%.

The Quick-term Indicant is avoiding two ETF’s. They are down 12.0% since the QTI sell signals 5.5-weeks ago.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell last Monday. It was flat yesterday, but up by 2.0% today. Quick-term Indicant signaled buy on Sep 15, 2010. It is up 38.4%, annualizing at 56.2% since then. The Quick-term Indicant will not signal sell until interacting at QTI Yellow.

ETF#11-Gold and Precious Metals is up 80.6% since the QTI signaled buy on December 11, 2008. Annualized growth is at 32.6%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $130.29 and still rising. Relaxation is in order since your buy price approximates $80.65 versus today’s closing price of $145.65. Force is again increasing, which supports short-term bullishness.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 7.6% since then, annualizing at 30.2%.

Near-term attributes for the next sell signal will be price below NTI Blue with negative Vector Pressure. Threatening is price 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 last Tuesday from the Near-term Indicant and the Quick-term Indicant. Force started rising in bullish domains. It is pretty hot, but the next sell signal will not occur until price falls below NTI Blue.

The Near-term Indicant and Quick-term Indicant signaled sell Apr 20, 2011 for ETF#31-QID. It is down 1.5% since that sell signal.

Major ETF Events

May 19, 2011-Thu-Force is having some difficulty in shifting into a robust improvement cycle.

May 18, 2011-Wed-Force reversed direction to the north today, supporting bullish bias.

May 17, 2011-Tue-No attributes offered resistance to bearish inclinations. More sell signals occurred today.

May 16, 2011-Mon-Several attributes discontinued support of the bull and thus four Near-term sell signals were generated.

Current Strategy-Short-term Indicant- May 19, 2011. The stock market bull, along all three cycle types, remains in tact with a mild but increasing deterioration of the near-term cycle. Required unanimity among non-contrarian securities for bull and bear are absent.

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

05/19/2011

May 18, 2011 Indicant Daily Stock Market Report

Volume 05, Issue 13 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Short-term Indicant Stock Market Report - Summary

Most attributes are not resisting bearish inclinations with the exception of Force Vectors, which reversed direction today favoring the stock market bull. The bear is not yet dominating. Bearish unanimity is required for strong bearish cycles. The Dow Utilities is not participating with recent bearish behavior although it was the only bearish index today. Strong bears require unanimous support across all sectors, other than energy and commodities. ETF#10-IBB-Biotech, which is not contrarian, remains with bullish configurations. Thus bearish unanimity is absent. The same is true for bullish support.

With that do not be surprised at meandering behavior with a touch of increased volatility.

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 Near-term Indicant is signaling bull of all eleven major non-contrarian indices. They are up by an average of 1.0% since their respective bull signals on Apr 1, 2011. This is annualizing at 7.7%. The Near-term Indicant is signaling bear for contrarian VIX. It is down 6.7% since the bear signal on April 1, 2011.

The Quick-term Indicant is also signaling bear of contrarian VIX. It is down 6.7% since the bear signal on Apr 1, 2011.

The Quick-term Indicant has been signaling bull for the eleven major non-contrarian indices for an average of 32.5-weeks. They are up by an average of 20.0% since their bull signals, annualizing at 31.9%.

Short-term Market Summary

Some Force Vectors reversed back to the north today, offering the bull a bit of inspiration. The Dow Utilities is expressing very strong bullish configurations. Interestingly, it was the only major index that was bearish today, suggesting money rotation. With that, we have meandering potential ahead of us. The stock market bear cannot dominate along the near-term cycle until all are below NTI Green.

Indicant Volume Indicators

The NASDAQ IVI crossed into high activity domains on Mar 21, 2011. It fell back into low activity a few weeks later. It continues moving lethargically. The NYSE Indicant Volume Indicator remains in low interest domains, while mildly increasing there. Unless these configurations shift back to robust configurations, do not be surprised at overall stock market lethargy.

May 18, 2011-Wed-Mild volume on mild bullish offers nothing to upset status quo; that is bullish bias although with bearish spurt potential.

May 17, 2011-Tue-Volume was up slightly on mild bearish behavior. So far, this is configured consistent with bearish spurt potential as opposed to dynamic bearish sustainability.

May 16, 2011-Mon-Mild to aggressive bearish behavior on normal to light volume suggests that no more than a bearish spurt may be underway; certainly not a dynamic deep bear with expansive breadth.

Short-term ETF Report Card, Status, and Charts

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

The Near-term Indicant is signaling hold for 22-ETF’s. They are up by an average of 6.8% since their buy signals an average of 11.2-weeks ago. This annualizes at 31.2%.

The NTI is avoiding nine 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 30-ETF’s. They are up by an average of 23.8% since their buy signals an average of 41.2-weeks ago. This annualizes at 30.9%.

The Quick-term Indicant is avoiding two ETF’s. They are down 10.8% since the QTI sell signals 5.4-weeks ago.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell last Monday. It was flat yesterday, but up by 2.0% today. Quick-term Indicant signaled buy on Sep 15, 2010. It is up 38.4%, annualizing at 56.4% since then. The Quick-term Indicant will not signal sell until interacting at QTI Yellow.

ETF#11-Gold and Precious Metals is up 80.5% since the QTI signaled buy on December 11, 2008. Annualized growth is at 32.6%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $130.16 and still rising. Relaxation is in order since your buy price approximates $80.65 versus today’s closing price of $145.60. Force is again increasing, which supports short-term bullishness.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 7.5% since then, annualizing at 30.4%.

Near-term attributes for the next sell signal will be price below NTI Blue with negative Vector Pressure. Threatening is price 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 yesterday from the Near-term Indicant and the Quick-term Indicant. Force started rising in bullish domains.

The Near-term Indicant and Quick-term Indicant signaled sell Apr 20, 2011 for ETF#31-QID. It is down 0.8% since that sell signal.

Major ETF Events

May 18, 2011-Force reversed direction to the north today, supporting bullish bias.

May 17, 2011-No attributes offered resistance to bearish inclinations. More sell signals occurred today.

May 16, 2011-Several attributes discontinued support of the bull and thus four Near-term sell signals were generated.

Current Strategy-Short-term Indicant- May 18, 2011. The stock market bull, along all three cycle types, remains in tact with a mild but increasing deterioration of the near-term cycle. Required unanimity among non-contrarian securities for bull and bear are absent.

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

05/18/2011

May 17, 2011 Indicant Daily Stock Market Report

Volume 05, Issue 12 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Short-term Indicant Stock Market Report - Summary

Most attributes are not resisting bearish inclinations. A few more sell signals were generated. However, the bear is not yet dominating. Bearish unanimity is required for strong bearish cycles. The Dow Utilities is not participating with recent bearish behavior. Strong bears require unanimous support across all sectors, other than energy and commodities. ETF#10-IBB-Biotech, which is not contrarian, remains with bullish configurations. Thus bearish unanimity is absent. The same is true for bullish support.

With that do not be surprised at meandering behavior with a touch of increased volatility.

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 Near-term Indicant is signaling bull of all eleven major non-contrarian indices. They are up by an average of 0.1% since their respective bull signals on Apr 1, 2011. This is annualizing at 0.6%. The Near-term Indicant is signaling bear for contrarian VIX. It is up 0.9% since the bear signal on April 1, 2011.

The Quick-term Indicant is also signaling bear of contrarian VIX. It is up 0.9% since the bear signal on Apr 1, 2011.

The Quick-term Indicant has been signaling bull for the eleven major non-contrarian indices for an average of 32.3-weeks. They are up by an average of 18.8% since their bull signals, annualizing at 30.3%.

Short-term Market Summary

Six non-contrarian Red Bull configurations remain supportive of the Quick-term bull cycle even though several were lost the past two days. There is only one non-contrarian NTI Blue Bull. That offers very limited bullish support along the near-term cycle.

Force Vectors reversed back to the south. That provides some encouragement to the stock market bear. The Dow Utilities is expressing very strong bullish configurations. It may be overheated offering bearish spurt potential. However, the stock market bear cannot dominate along the near-term cycle until all are below NTI Green.

Indicant Volume Indicators

The NASDAQ IVI crossed into high activity domains on Mar 21, 2011. It fell back into low activity a few weeks later. It continues moving lethargically. The NYSE Indicant Volume Indicator remains in low interest domains, while mildly increasing there. Unless these configurations shift back to robust configurations, do not be surprised at overall stock market lethargy.

May 17, 2011-Tue-Volume was up slightly on mild bearish behavior. So far, this is configured consistent with bearish spurt potential as opposed to dynamic bearish sustainability.

May 16, 2011-Mon-Mild to aggressive bearish behavior on normal to light volume suggests that no more than a bearish spurt may be underway; certainly not a dynamic deep bear with expansive breadth.

Short-term ETF Report Card, Status, and Charts

The Near-term Indicant generated one buy signal and three sell signals.

The Near-term Indicant is signaling hold for 22-ETF’s. They are up by an average of 6.1% since their buy signals an average of 11.6-weeks ago. This annualizes at 27.4%.

The NTI is avoiding six ETF’s. They are down by an average of 2.6% since their sell signals an average of 1.8-weeks ago.

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

The Quick-term Indicant is signaling hold for 29-ETF’s. They are up by an average of 23.5% since their buy signals an average of 41.4-weeks ago. This annualizes at 29.5%.

The Quick-term Indicant is avoiding two ETF’s. They are down 8.9% since the QTI sell signals 5.2-weeks ago.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell yesterday. It was flat today. It is below NTI Green and Force dipped to the south in bearish domains. Quick-term Indicant signaled buy on Sep 15, 2010. It is up 35.6%, annualizing at 52.6% since then. The Quick-term Indicant will not signal sell until interacting at QTI Yellow.

ETF#11-Gold and Precious Metals is up 79.5% since the QTI signaled buy on December 11, 2008. Annualized growth is at 32.3%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $130.03 and still rising. Relaxation is in order since your buy price approximates $80.65 versus today’s closing price of $144.74. Force is again increasing, which supports short-term bullishness.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 6.9% since then, annualizing at 28.2%.

Near-term attributes for the next sell signal will be price below NTI Blue with negative Vector Pressure. Threatening is price 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 today from the Near-term Indicant. Force started rising in bullish domains.

The Quick-term Indicant signaled buy today. Anticipated bearish behavior did not occur.

The Near-term Indicant and Quick-term Indicant signaled sell Apr 20, 2011 for ETF#31-QID. It is up 0.8% since that sell signal.

Major ETF Events

May 17, 2011-No attributes offered resistance to bearish inclinations. More sell signals occurred today.

May 16, 2011-Several attributes discontinued support of the bull and thus four Near-term sell signals were generated.

Current Strategy-Short-term Indicant- May 16, 2011. The stock market bull, along all three cycle types, remains in tact with a mild but increasing deterioration of the near-term cycle. Force Vectors reversed their support of the stock market bull. Required unanimity among non-contrarian securities for bull and bear are absent.

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

05/17/2011

May 16, 2011 Indicant Daily Stock Market Report

Volume 05, Issue 11 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Short-term Indicant Stock Market Report - Summary

Many Force Vectors shifted laterally or down today causing some lost support for the stock market bull. Consequently, the Near-term Indicant generated four sell signals.

Bearish unanimity is required for strong bearish cycles. The Dow Utilities is not participating with recent bearish behavior. Strong bears require unanimous support across all sectors, other than energy and commodities. ETF#10-IBB-Biotech, which is not contrarian, remains with bullish configurations. Thus bearish unanimity is absent. The same is true for bullish support. ETF#03-XLE-Energy received a sell signal today, along with three other ETF’s.

With that do not be surprised at meandering behavior with a touch of increased volatility.

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 Near-term Indicant is signaling bull of all eleven major non-contrarian indices. They are up by an average of 0.2% since their respective bull signals on Apr 1, 2011. This is annualizing at 1.6%. The Near-term Indicant is signaling bear for contrarian VIX. It is up 4.8% since the bear signal on April 1, 2011.

The Quick-term Indicant is also signaling bear of contrarian VIX. It is up 4.8% since the bear signal on Apr 1, 2011.

The Quick-term Indicant has been signaling bull for the eleven major non-contrarian indices for an average of 32.2-weeks. They are up by an average of 19.0% since their bull signals, annualizing at 30.7%.

Short-term Market Summary

Seven non-contrarian Red Bull configurations remain supportive of the Quick-term bull cycle even though several were the past two days. There is only one non-contrarian NTI Blue Bull. That offers very limited bullish support along the near-term cycle.

Indicant Volume Indicators

The NASDAQ IVI crossed into high activity domains on Mar 21, 2011. It fell back into low activity a few weeks later. It continues moving lethargically. The NYSE Indicant Volume Indicator remains in low interest domains, while mildly increasing there. Unless these configurations shift back to robust configurations, do not be surprised at overall stock market lethargy.

May 16, 2011-Mon-Mild to aggressive bearish behavior on normal to light volume suggests that no more than a bearish spurt may be underway; certainly not a dynamic deep bear with expansive breadth.

Short-term ETF Report Card, Status, and Charts

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

The Near-term Indicant is signaling hold for 25-ETF’s. They are up by an average of 5.0% since their buy signals an average of 10.9-weeks ago. This annualizes at 23.9%.

The NTI is avoiding three ETF’s. They are down by an average of 2.9% since their sell signals an average of 5.2-weeks ago.

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

The Quick-term Indicant is signaling hold for 29-ETF’s. They are up by an average of 23.6% since their buy signals an average of 41.3-weeks ago. This annualizes at 29.7%.

The Quick-term Indicant is avoiding three ETF’s. They are down 3.2% since the QTI sell signals 5.3-weeks ago.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell today. It is below NTI Green and Force dipped to the south in bearish domains. Quick-term Indicant signaled buy on Sep 15, 2010. It is up 35.6%, annualizing at 52.8% since then. The Quick-term Indicant will not signal sell until interacting at QTI Yellow.

ETF#11-Gold and Precious Metals is up 80.2% since the QTI signaled buy on December 11, 2008. Annualized growth is at 32.6%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $129.89 and still rising. Relaxation is in order since your buy price approximates $80.65 versus today’s closing price of $145.37. Force is again increasing, which supports short-term bullishness.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 7.4% since then, annualizing at 30.4%.

Near-term attributes for the next sell signal will be price below NTI Blue with negative Vector Pressure. Threatening is price 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 sell signal on Fri Apr 8, 2011 by the Near-term Indicant. It is up 6.8% since that sell signal. Vector Pressure is no longer in bearish domains, threatening the avoid signal. Force is moving south, adding a bit to anticipated bearish behavior. Once the Force cycle matures in a few days, obviations of directional intensity will occur. It was appropriately down in four of the past seven trading days, but up today.

The Quick-term Indicant signaled bear on Apr 8, 2011. It is up 6.1% since that sell signal.

The Near-term Indicant and Quick-term Indicant signaled sell Apr 20, 2011 for ETF#31-QID. It is up 1.4% since that sell signal.

Major ETF Events

May 16, 2011-Several attributes discontinued support of the bull and thus four Near-term sell signals were generated.

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

05/16/2011

May 13, 2011 Indicant Daily Stock Market Report

Volume 05, Issue 10 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Short-term Indicant Stock Market Report - Summary

Force Vectors continue moving to the north. This is solidly non-bearish and mostly bullish. A strong bullish cycle will facilitate a continuation of the stock market bull. Last Wednesday’s and Friday’s strong bearish behavior did little to disrupt prior two sentences. If Force shifts back to south, though, the Near-term bearish cycle will gain traction.

Bearish unanimity is required for strong bearish cycles. The Dow Utilities is not participating with recent bearish inclinations. ETF#10-IBB-Biotech is behaving as if a new bear is impossible. Strong bears require unanimous support across all sectors, other than energy and commodities. Interestingly, ETF#03-XLE-Energy is indeed under bearish attack along the near-term cycle. Pressure remains positive and thus preventing NTI sell signal. If all ETF’s were similarly configured, the stock market bear would be inspired.

The bear seeks unanimity to support its ambition. So far, it is falling short in that endeavor.

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 Near-term Indicant is signaling bull of all eleven major non-contrarian indices. They are up by an average of 1.0% since their respective bull signals on Apr 1, 2011. This is annualizing at 8.3%. The Near-term Indicant is signaling bear for contrarian VIX. It is down 1.9% since the bear signal on April 1, 2011.

The Quick-term Indicant is also signaling bear of contrarian VIX. It is down 1.9% since the bear signal on Apr 1, 2011.

The Quick-term Indicant has been signaling bull for the eleven major non-contrarian indices for an average of 31.8-weeks. They are up by an average of 19.9% since their bull signals, annualizing at 32.6%.

Short-term Market Summary

Ten non-contrarian Red Bull configurations remain supportive of the Quick-term bull cycle. One was lost this Friday. There is only one non-contrarian NTI Blue Bull. That offers very limited bullish support along the near-term cycle.

Most Force Vectors are moving north and are behaving consistent with bullish expectations. The Dow Utilities is expressing very strong bullish configurations, while the perennially lagging S&P100 remains a bit shaky.

Indicant Volume Indicators

The NASDAQ IVI crossed into high activity domains on Mar 21, 2011. It fell back into low activity a few weeks later. It continues moving lethargically. The NYSE Indicant Volume Indicator remains in low interest domains, while mildly increasing there. Unless these configurations shift back to robust configurations, do not be surprised at overall stock market lethargy.

May 13, 2011-Fri-Light volume on bearish aggression is consistent with bearish spurt configurations, as opposed to dynamic bearish behavior.

May 12, 2011-Thu-Again, mild volume on mild bullishness tends to perpetuate status quo; that is near-term bullish bias.

May 11, 2011-Wed-Light to normal volume on bearish aggression does not offer the bear enough inspiration to continue.

May 10, 2011-Tue-Mild volume on mild bullishness offers no arguments to prevailing near-term bullish bias.

May 9, 2011-Mon-Light volume on mild bullishness says nothing. Bullish bias prevails, albeit without much pizzazz.

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 29-ETF’s. They are up by an average of 5.7% since their buy signals an average of 10.8-weeks ago. This annualizes at 27.4%.

The NTI is avoiding three ETF’s. They are down by an average of 4.9% since their sell signals an average of 4.8-weeks ago.

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

The Quick-term Indicant is signaling hold for 29-ETF’s. They are up 24.4% since their buy signals an average of 40.8-weeks ago. This annualizes at 31.1%.

The Quick-term Indicant is avoiding three ETF’s. They are down 5.1% since the QTI sell signals 4.9-weeks ago.

Contrarian Funds

ETF#03-Natural Resources. The Near-term and Quick-term Indicant signaled buy on Sep 15, 2010. It is up 36.7%, annualizing at 55.0% since then. This ETF lost Red Bull status last Wednesday. Force fell into bearish domains six trading days ago, but Pressure remains positive. However, falling below NTI Green is discerning. Configurations are threatening the hold signal. Reason for not selling is positive Vector Pressure and a rising Force Vector.

ETF#11-Gold and Precious Metals is up 80.6% since the QTI signaled buy on December 11, 2008. Annualized growth is at 32.8%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $129.76 and still rising. Relaxation is in order since your buy price approximates $80.65 versus today’s closing price of $145.63. Force is again increasing, which support short-term bullishness.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 7.5% since then, annualizing at 32.3%.

Near-term attributes for the next sell signal will be price below NTI Blue with negative Vector Pressure. Threatening is price 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 sell signal on Fri Apr 8, 2011 by the Near-term Indicant. It is up 6.2% since that sell signal. Vector Pressure is no longer in bearish domains, threatening the avoid signal. Force is moving south, adding a bit to anticipated bearish behavior. There is correcting, as expected. Once the Force cycle matures in a few days, obviations of directional intensity will occur. It was appropriately down in four of the past six trading days.

The Quick-term Indicant signaled bear on Apr 8, 2011. It is up 5.5% since that sell signal.

The Near-term Indicant and Quick-term Indicant signaled sell Apr 20, 2011 for ETF#31-QID. It is down 2.1% since that sell signal.

Major ETF Events

May 13, 2011-Fri-None

May 12, 2011-Thu-None

May 11, 2011-Wed-Bearish behavior correlated with the U.S. greenback strengthening. That suggests deflationary concerns., which is a bit nonsensical at this point.

May 10, 2011-Tue-Force is gaining strength, offering near-term bullish support.

May 9, 2011-Mon-Force Vectors are at cyclical bottom with some reversing into a bullish cycle. This cycle will be interesting. A strong bullish cycle will enhance stock market bull’s position.

Current Strategy-Short-term Indicant- May 13, 2011. The stock market bull, along all three cycle types, remains in tact with a mild deterioration of the near-term cycle. Force Vectors are again positioning in favor of the stock market bull. The recent bearish spurt lacked unanimity among non-contrarian securities.

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

05/13/2011

May 12, 2011 Indicant Daily Stock Market Report

Volume 05, Issue 09 ISSN 1526 6516 QT/ST

Short-term Indicant Stock Market Report - Summary

Force Vectors continue moving to the north. This is solidly non-bearish and mostly bullish. A strong bullish cycle will facilitate a continuation of the stock market bull. Yesterday’s strong bearish behavior did little to disrupt prior two sentences. If Force shifts back to south, though, the Near-term bearish cycle will gain traction.

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 Near-term Indicant is signaling bull of all eleven major non-contrarian indices. They are up by an average of 2.0% since their respective bull signals on Apr 1, 2011. This is annualizing at 17.5%. The Near-term Indicant is signaling bear for contrarian VIX. It is down 7.9% since the bear signal on April 1, 2011.

The Quick-term Indicant is also signaling bear of contrarian VIX. It is down 7.9% since the bear signal on Apr 1, 2011.

The Quick-term Indicant has been signaling bull for the eleven major non-contrarian indices for an average of 31.6-weeks. They are up by an average of 21.1% since their bull signals, annualizing at 34.8%.

Short-term Market Summary

Eleven non-contrarian Red Bull configurations remain supportive of the Quick-term bull cycle. Four non-contrarian NTI Blue Bulls offer additional bullish support even though six were lost yesterday.

Force Vectors are moving north and are behaving consistent to bullish expectations. The Dow Utilities is expressing very strong bullish configurations, while the perennially lagging S&P100 remains a bit shaky.

Indicant Volume Indicators

The NASDAQ IVI crossed into high activity domains on Mar 21, 2011. It fell back into low activity a few weeks later. It continues moving lethargically. The NYSE Indicant Volume Indicator remains in low interest domains, while mildly increasing there. Unless these configurations shift back to robust configurations, do not be surprised at overall stock market lethargy.

May 12, 2011-Thu-Again, mild volume on mild bullishness tends to perpetuate status quo; that is near-term bullish bias.

May 11, 2011-Wed-Light to normal volume on bearish aggression does not offer the bear enough inspiration to continue.

May 10, 2011-Tue-Mild volume on mild bullishness offers no arguments to prevailing near-term bullish bias.

May 9, 2011-Mon-Light volume on mild bullishness says nothing. Bullish bias prevails, albeit without much pizzazz.

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 29-ETF’s. They are up by an average of 6.8% since their buy signals an average of 10.6-weeks ago. This annualizes at 33.3%.

The NTI is avoiding three ETF’s. They are down by an average of 6.2% since their sell signals an average of 4.6-weeks ago.

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

The Quick-term Indicant is signaling hold for 29-ETF’s. They are up 25.7% since their buy signals an average of 40.7-weeks ago. This annualizes at 32.9%.

The Quick-term Indicant is avoiding three ETF’s. They are down 6.5% since the QTI sell signals 4.7-weeks ago.

Contrarian Funds

ETF#03-Natural Resources. The Near-term and Quick-term Indicant signaled buy on Sep 15, 2010. It is up 37.3%, annualizing at 56.2% since then. This ETF lost Red Bull status yesterday. Force fell into bearish domains one week ago, but Pressure remains positive. However, falling below NTI Green one week ago is discerning. Configurations are threatening the hold signal. Reason for not selling is positive Vector Pressure and a rising Force Vector.

ETF#11-Gold and Precious Metals is up 81.8% since the QTI signaled buy on December 11, 2008. Annualized growth is at 33.4%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $129.62 and still rising. Relaxation is in order since your buy price approximates $80.65 versus today’s closing price of $146.59. Force is again increasing, which support short-term bullishness.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 8.3% since then, annualizing at 35.8%.

Near-term attributes for the next sell signal will be price below NTI Blue with negative Vector Pressure. Threatening is price 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 sell signal on Fri Apr 8, 2011 by the Near-term Indicant. It is up 5.3% since that sell signal. Vector Pressure is no longer in bearish domains, threatening the avoid signal. Force is moving south, adding a bit to anticipated bearish behavior. There is correcting, as expected. Once the Force cycle matures in a few days, obviations of directional intensity will occur. It was appropriately down in four of the past five trading days.

The Quick-term Indicant signaled bear on Apr 8, 2011. It is up 4.5% since that sell signal.

The Near-term Indicant and Quick-term Indicant signaled sell Apr 20, 2011 for ETF#31-QID. It is down 4.2% since that sell signal.

Major ETF Events

May 12, 2011-Thu-None

May 11, 2011-Wed-Bearish behavior correlated with the U.S. greenback strengthening. That suggests deflationary concerns., which is a bit nonsensical at this point.

May 10, 2011-Tue-Force is gaining strength, offering near-term bullish support.

May 9, 2011-Mon-Force Vectors are at cyclical bottom with some reversing into a bullish cycle. This cycle will be interesting. A strong bullish cycle will enhance stock market bull’s position.

Current Strategy-Short-term Indicant- May 11, 2011. The stock market bull, along all three cycle types, remains in tact with a mild deterioration of the near-term cycle. Force Vectors are again positioning in favor of the stock market bull. The recent bearish spurt lacked unanimity among non-contrarian securities.

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

05/12/2011

May 11, 2011 Indicant Daily Stock Market Report

Volume 05, Issue 08 ISSN 1526 6516 QT/ST

Short-term Indicant Stock Market Report - Summary

Force Vectors have begun a shift to the north. This is solidly non-bearish and mostly bullish. A strong bullish cycle will facilitate a continuation of the stock market bull. Today’s bearish behavior does little to disrupt prior two sentences. If Force shifts back to south, though, the Near-term bearish cycle will gain traction.

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 Near-term Indicant is signaling bull of all eleven major non-contrarian indices. They are up by an average of 1.5% since their respective bull signals on Apr 1, 2011. This is annualizing at 13.2%. The Near-term Indicant is signaling bear for contrarian VIX. It is down 2.6% since the bear signal on April 1, 2011.

The Quick-term Indicant is also signaling bear of contrarian VIX. It is down 2.6% since the bear signal on Apr 1, 2011.

The Quick-term Indicant has been signaling bull for the eleven major non-contrarian indices for an average of 31.5-weeks. They are up by an average of 20.5% since their bull signals, annualizing at 33.9%.

Short-term Market Summary

Eleven non-contrarian Red Bull configurations remain supportive of the Quick-term bull cycle. Four non-contrarian NTI Blue Bulls offer additional bullish support even though six were lost today.

Force Vectors are moving north for the most part. The weakest index, S&P100, shifted slightly south on today’s bearish behavior. However, most are behaving consistent to bullish expectations.

Indicant Volume Indicators

The NASDAQ IVI crossed into high activity domains on Mar 21, 2011. It fell back into low activity a few weeks later. It continues moving lethargically. The NYSE Indicant Volume Indicator remains in low interest domains, while mildly increasing there. Unless these configurations shift back to robust configurations, do not be surprised at overall stock market lethargy.

May 11, 2011-Wed-Light to normal volume on bearish aggression does not offer the bear enough inspiration to continue.

May 10, 2011-Tue-Mild volume on mild bullishness offers no arguments to prevailing near-term bullish bias.

May 9, 2011-Mon-Light volume on mild bullishness says nothing. Bullish bias prevails, albeit without much pizzazz.

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 29-ETF’s. They are up by an average of 6.2% since their buy signals an average of 10.5-weeks ago. This annualizes at 30.8%.

The NTI is avoiding three ETF’s. They are down by an average of 5.4% since their sell signals an average of 4.5-weeks ago.

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

The Quick-term Indicant is signaling hold for 29-ETF’s. They are up 25.0% since their buy signals an average of 40.5-weeks ago. This annualizes at 32.1%.

The Quick-term Indicant is avoiding three ETF’s. They are down 5.7% since the QTI sell signals 4.6-weeks ago.

Contrarian Funds

ETF#03-Natural Resources. The Near-term and Quick-term Indicant signaled buy on Sep 15, 2010. It is up 37.5%, annualizing at 56.8% since then. This ETF lost Red Bull status today. Force fell into bearish domains last Thu, but Pressure remains positive. However, falling below NTI Green last Thu is discerning. Configurations are threatening the hold signal. Reason for not selling is positive Vector Pressure and a bearishly mature Force Vector.

ETF#11-Gold and Precious Metals is up 81.7% since the QTI signaled buy on December 11, 2008. Annualized growth is at 33.4%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $129.48 and still rising. Relaxation is in order since your buy price approximates $80.65 versus today’s closing price of $146.54. Force is at a cyclical minimum, offering additional bullish support.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 8.2% since then, annualizing at 36.1%.

Near-term attributes for the next sell signal will be price below NTI Blue with negative Vector Pressure. Threatening is price 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 sell signal on Fri Apr 8, 2011 by the Near-term Indicant. It is up 6.0% since that sell signal. Vector Pressure is no longer in bearish domains, threatening the avoid signal. Force is moving south, adding a bit to anticipated bearish behavior. There will be a correction to this fund in a few days and from there obviations of directional intensity will occur. It was appropriately down in three of the past four trading days.

The Quick-term Indicant signaled bear on Apr 8, 2011. It is up 5.2% since that sell signal.

The Near-term Indicant and Quick-term Indicant signaled sell Apr 20, 2011 for ETF#31-QID. It is down 3.1% since that sell signal.

Major ETF Events

May 11, 2011-Wed-Bearish behavior correlated with the U.S. greenback strengthening. That suggests deflationary concerns., which is a bit nonsensical at this point.

May 10, 2011-Tue-Force is gaining strength, offering near-term bullish support.

May 9, 2011-Mon-Force Vectors are at cyclical bottom with some reversing into a bullish cycle. This cycle will be interesting. A strong bullish cycle will enhance stock market bull’s position.

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

05/11/2011

May 10, 2011 Indicant Daily Stock Market Report

Volume 05, Issue 07 ISSN 1526 6516 QT/ST

Short-term Indicant Stock Market Report - Summary

Force Vectors have begun a shift to the north. This is solidly non-bearish and mostly bullish. A strong bullish cycle will facilitate a continuation of the stock market bull.

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 Near-term Indicant is signaling bull of all eleven major non-contrarian indices. They are up by an average of 2.5% since their respective bull signals on Apr 1, 2011. This is annualizing at 23.5%. The Near-term Indicant is signaling bear for contrarian VIX. It is down 8.6% since the bear signal on April 1, 2011.

The Quick-term Indicant is also signaling bear of contrarian VIX. It is down 8.6% since the bear signal on Apr 1, 2011.

The Quick-term Indicant has been signaling bull for the eleven major non-contrarian indices for an average of 31.2-weeks. They are up by an average of 21.8% since their bull signals, annualizing at 36.2%.

Short-term Market Summary

Eleven non-contrarian Red Bull configurations remain supportive of the Quick-term bull cycle. Ten non-contrarian NTI Blue Bulls offering additional bullish support.

As stated yesterday, bearish Force Vector cycles are maturing. That favors the stock market bull.

Indicant Volume Indicators

The NASDAQ IVI crossed into high activity domains on Mar 21, 2011. It fell back into low activity a few weeks later. It continues moving lethargically. The NYSE Indicant Volume Indicator remains in low interest domains, while mildly increasing there. Unless these configurations shift back to robust configurations, do not be surprised at overall stock market lethargy.

May 10, 2011-Tue-Mild volume on mild bullishness offers no arguments to prevailing near-term bullish bias.

May 9, 2011-Mon-Light volume on mild bullishness says nothing. Bullish bias prevails, albeit without much pizzazz.

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 29-ETF’s. They are up by an average of 7.7% since their buy signals an average of 10.3-weeks ago. This annualizes at 38.7%.

The NTI is avoiding three ETF’s. They are down by an average of 6.5% since their sell signals an average of 4.3-weeks ago.

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

The Quick-term Indicant is signaling hold for 29-ETF’s. They are up 26.8% since their buy signals an average of 40.4-weeks ago. This annualizes at 34.5%.

The Quick-term Indicant is avoiding three ETF’s. They are down 6.8% since the QTI sell signals 4.4-weeks ago.

Contrarian Funds

ETF#03-Natural Resources. The Near-term and Quick-term Indicant signaled buy on Sep 15, 2010. It is up 41.6%, annualizing at 63.2% since then. This ETF remains with Red Bull status and supportive of its bullishness. Force fell into bearish domains last Thu, but Pressure remains positive. However, falling below NTI Green last Thu is discerning. It was bullish the past two days, though, but configurations remain a bit discerning.

ETF#11-Gold and Precious Metals is up 83.4% since the QTI signaled buy on December 11, 2008. Annualized growth is at 34.1%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $129.34 and still rising. Relaxation is in order since your buy price approximates $80.65 versus today’s closing price of $147.90. Force is at a cyclical minimum, offering additional bullish support.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 9.2% since then, annualizing at 41.0%.

Near-term attributes for the 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 sell signal on Fri Apr 8, 2011 by the Near-term Indicant. It is up 5.4% since that sell signal. Vector Pressure is no longer in bearish domains. Force has resumed shifting to the south, adding a bit to anticipated bearish behavior. There will be a correction to this fund in a few days and from there obviations of directional intensity will occur. It was appropriately down the past three trading days.

The Quick-term Indicant signaled bear on Apr 8, 2011. It is up 4.6% since that sell signal.

The Near-term Indicant and Quick-term Indicant signaled sell Apr 20, 2011 for ETF#31-QID. It is down 4.5% since that sell signal.

Major ETF Events

May 10, 2011-Tue-Force is gaining strength, offering near-term bullish support.

May 9, 2011-Mon-Force Vectors are at cyclical bottom with some reversing into a bullish cycle. This cycle will be interesting. A strong bullish cycle will enhance stock market bull’s position.

Current Strategy-Short-term Indicant- May 10, 2011. The stock market bull, along all three cycle types, remains in tact with a mild deterioration of the near-term cycle. Force Vectors are again positioning in favor of the stock market bull. The recent bearish spurt lacked unanimity among non-contrarian securities.

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

05/10/2011

May 9, 2011 Indicant Daily Stock Market Report

Volume 05, Issue 06 ISSN 1526 6516 QT/ST

Short-term Indicant Stock Market Report - Summary

Force Vectors are reversing their bearish cycle. A strong bullish cycle will facilitate a continuation of the stock market bull.

ETF-EWJ#06-Japan received a buy signal from both the Quick-term and Near-term Indicant. Its Vector Pressure became positive today. It appears the stock market bull is supporting the stock market bull.

Adding some bearish support is weakening ETF#21-EWZ-Brazil. It has been meandering in a mild bearish configuration for several months. It fell below NTI Green last Thursday. As stated last Thursday, the stock market bear will be inspired along the near-term cycle if there is no bullish bounce off of that. There was a mild bullish bounce today. More is needed, though to encourage the stock market bull.

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 Near-term Indicant is signaling bull of all eleven major non-contrarian indices. They are up by an average of 1.5% since their respective bull signals on Apr 1, 2011. This is annualizing at 14.4%. The Near-term Indicant is signaling bear for contrarian VIX. It is down 1.4% since the bear signal on April 1, 2011.

The Quick-term Indicant is also signaling bear of contrarian VIX. It is down 1.4% since the bear signal on Apr 1, 2011.

The Quick-term Indicant has been signaling bull for the eleven major non-contrarian indices for an average of 31.2-weeks. They are up by an average of 20.6% since their bull signals, annualizing at 34.4%.

Short-term Market Summary

Eleven non-contrarian Red Bull configurations remain supportive of the Quick-term bull cycle. Six non-contrarian NTI Blue Bulls offer support in spite of losing several last week.

Bearish Force Vector cycles are maturing. That favors the stock market bull.

Indicant Volume Indicators

The NASDAQ IVI crossed into high activity domains on Mar 21, 2011. It fell back into low activity a few weeks later. It continues moving lethargically. The NYSE Indicant Volume Indicator remains in low interest domains, while mildly increasing there. Unless these configurations shift back to robust configurations, do not be surprised at overall stock market lethargy.

May 9, 2011-Mon-Light volume on mild bullishness says nothing. Bullish bias prevails, albeit without much pizzazz.

Short-term ETF Report Card, Status, and Charts

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

The Near-term Indicant is signaling hold for 28-ETF’s. They are up by an average of 6.9% since their buy signals an average of 10.6-weeks ago. This annualizes at 34.0%.

The NTI is avoiding three ETF’s. They are down by an average of 4.8% since their sell signals an average of 4.2-weeks ago.

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

The Quick-term Indicant is signaling hold for 28-ETF’s. They are up 26.5% since their buy signals an average of 41.7-weeks ago. This annualizes at 33.0%.

The Quick-term Indicant is avoiding three ETF’s. They are down 5.0% since the QTI sell signals 4.3-weeks ago.

The lone buy signal was for non-contrarian ETF-EWJ#06-Japan. Pressure became positive today, climbing into bullish domains.

Contrarian Funds

ETF#03-Natural Resources. The Near-term and Quick-term Indicant signaled buy on Sep 15, 2010. It is up 41.0%, annualizing at 62.5% since then. This ETF remains with Red Bull status and supportive of its bullishness. Force fell into bearish domains last Thu, but Pressure remains positive. However, falling below NTI Green last Thu is discerning. It was solidly bullish today, though, but configurations remain a bit discerning.

ETF#11-Gold and Precious Metals is up 82.7% since the QTI signaled buy on December 11, 2008. Annualized growth is at 33.9%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $129.20 and still rising. There is no need for being patient here since your buy price approximates $80.65 versus today’s closing price of $147.38. It simply keeps moving north and with significant gusto three weeks ago in spite of bearish behavior in four of the past six days. It was solidly bullish today. Force is at a cyclical minimum, offering additional bullish support.

The Near-term Indicant signaled buy on Feb 18, 2011. It is up 8.8% since then, annualizing at 39.8%.

Near-term attributes for the 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 sell signal on Fri Apr 8, 2011 by the Near-term Indicant. It is up 6.1% since that sell signal. Vector Pressure is no longer in bearish domains. Force was shifting to the south. It moved north the past six days, upsetting a bearish prognosis. As stated last week, that cycle is at a maximum, adding increasing bearish probabilities in the next few days. There will be a correction to this fund in a few days and from there obviations of directional intensity will occur. It was appropriately down the past two trading days.

The Quick-term Indicant signaled bear on Apr 8, 2011. It is up 5.5% since that sell signal.

The Near-term Indicant and Quick-term Indicant signaled sell Apr 20, 2011 for ETF#31-QID. It is down 2.9% since that sell signal.

Major ETF Events

May 9, 2011-Mon-Force Vectors are at cyclical bottom with some reversing into a bullish cycle. This cycle will be interesting. A strong bullish cycle will enhance stock market bull’s position.

Current Strategy-Short-term Indicant- May 9, 2011. The stock market bull along all three cycle types remains in tact with a mild deterioration of the near-term cycle. Force Vectors are again positioning in favor of the stock market bull. The recent bearish spurt lacked unanimity among non-contrarian securities.

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

05/09/2011

May 6, 2011 Indicant Daily Stock Market Report

Volume 05, Issue 05 ISSN 1526 6516 QT/ST

Short-term Indicant Stock Market Report - Summary

Force Vectors are nearing a cyclical bottom, which should suppress bearish ambition along the near-term cycle.

The bull still needs more bullish Pressure from ETF-EWJ#06-Japan. As you can see, its Vector Pressure remains in bearish domains. That is pestering the stock market bull. The question remains as valid, will Japan bring down the stock market bull? A new evolving question is, will the stock market bull lift Japan?

Adding some bearish support is weakening ETF#21-EWZ-Brazil. It has been meandering in a mild bearish configuration for several months. It fell below NTI Green yesterday. The stock market bear will be inspired along the near-term cycle if there is no bullish bounce off of that.

The stock market bear is having its way this week, but nowhere nearing domination. Too many attributes offering resistance to its domination.

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 Near-term Indicant is signaling bull of all eleven major non-contrarian indices. They are up by an average of 1.0% since their respective bull signals on Apr 1, 2011. This is annualizing at 10.9%. The Near-term Indicant is signaling bear for contrarian VIX. It is up 5.7% since the bear signal on April 1, 2011.

The Quick-term Indicant is also signaling bear of contrarian VIX. It is up 5.7% since the bear signal on Apr 1, 2011.

The Quick-term Indicant has been signaling bull for the eleven major non-contrarian indices for an average of 30.8-weeks. They are up by an average of 20.1% since their bull signals, annualizing at 33.9%.

Short-term Market Summary

Eleven non-contrarian Red Bull configurations remain supportive of the Quick-term bull cycle. Five non-contrarian NTI Blue Bulls offer support in spite of losing six last Wed-Thu. Interestingly, with mild threat to stock market bull, was the VIX’s status change to NTI Blue Bull.

Force remains in bullish domains for several indices, but several have fallen into bearish domains the past two days. However, enough Force Vectors remain in bullish domains to lend support to the bull. As stated last week, “the next obstacle to overcome on behalf of the bull is for it to reside there for several days. Not desired by the stock market bull is for Force to shift sharply back to the south.” It did the unde