May Quick-term and Short-term Indicant Updates

May 28, 2010 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

Force Vectors reversed course last Thursday, assisting the expected bullish spurt. Friday’s bearish aggression with rising Force Vector’s is adding bearish fervor. Such cycles are short; usually lasting four to eight days under normal conditions. The key phenomenon to monitor is their behavior upon interaction with Vector Pressure and or any attempt to penetrate bullish domains. That interaction should occur next week. If there is no interaction, the bear will gain even more momentum.

Configurations continue suggesting any price rise above NTI Green will be followed by additional bearishness. A few eclipsed NTI Green this past Thursday. A few more ETF’s/Indices have an equal ambition to do so. Do not be fooled by bullish behavior. Bearish bias remains dominant.

As stated for several days, bias strongly favors the bear based on volume relationships, the VIX’s profoundly strong Force Vector, and TLT Vector Pressure’s residence in bullish domains. VIX’s Vector Pressure is strongly elevating into bullish domains, which is bearish for the overall stock market.

Adding to that, an increasing number of ETF’s became yellow bears the past two weeks, in addition to some of the major indices. The QTI bearish yellow curve has been meek in offering resistance to bearish ambitions, even though it finally offered resistance this past Thursday, while offering a weak posture with this past Friday’s bearish aggression. Also, non-contrarian ETF’s and major indices Vector Pressure is succumbing to the gravity of bearish domains. This is bearish.

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

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

The Near-term Indicant is signaling bull for two major indices. They are up by an average of 22.3% since their bull signals an average of 8.4-weeks ago, annualizing at 138.5%. The bull signals include contrarian VIX, which could be construed as distorting performance. It is up 40.0% since its Apr 27, 2010 bull signal.

The Near-term Indicant is signaling bear for ten indices. They are down by an average of 3.2% since their bear signals an average of 3.4-weeks ago.

The Quick-term Indicant signaled no new bulls and no new bears. Last week’s QTI bear signals were the first since last July.

The Quick-term Indicant is signaling bull for nine major indices. They are up by an average of 27.5%, annualizing at 30.6%, since their bull signals an average of 46.8-weeks ago.

The Quick-term Indicant is signaling bear for three indices. They are up by an average of 0.6% since their bear signals and average of 6.0-weeks ago.

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

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

QTI-Red Bull Count; No non-contrarians; no bullish support.

QTI-Bullish Red Curve Trend; Seven non-contrarians; weakening bullish support.

QTI-Yellow Bear Count; Two of the non-contrarians became inflicted with this bearish attribute on May 20, 2010. This has increased the probability of extending the bear’s breadth and magnitude. Keep in mind this can also reinvigorate the bull, but this remains a much lower probability at this time.

QTI-Bearish Yellow Curve Trend; Non-bearish majority with seven of 11-non-contrarian indices in non-bearish trend, supporting non-bearish bias along this slower cycle. However, even this strong resistance point is losing its capacity to do so.

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

NTI-Blue Bull Count; Zero non-contrarians; no near-term bullish support.

NTI-Bullish Blue Curve Trend; All non-contrarians sloping negatively; no longer with bullish support.

NTI-Bearish Green Curve Trend; All non-contrarians sloping negatively; there is no non-bearish support.

The Near-term attributes are inflecting with an increasing bias, favoring the bear. Both NTI Bullish Blue and NTI Bearish Green are sloping south and thus solidly bearish on a near-term basis.

Short-term Force Vectors and Pressure Attributes

STI-Force Vector Domain Position; None of the non-contrarians are in bullish domains.

STI-Force Vector Position Relative to Vector Pressure; One of the non-contrarians is above Pressure and still not supportive of the bull, except for a possible bullish spurt; some of which occurred today.

STI-Force Vector Direction; Ten non-contrarians are moving north, supporting bullish spurt potential and not supporting bullish sustainability.

STI-Vector Pressure Trend; None of the non-contrarian indices are moving bullishly; no bullish support.

STI-Vector Pressure Position; Zero non-contrarians are in bullish domains; no bullish support. They remain in near convergence, which has been occurring for several weeks. This correlated to indecisiveness in directional intensity, but shifting in favor of the bear. VIX pressure is also in bullish domains, inspiring the stock market bear.

Short-term Market Summary

Short-term attributes are supporting the bear. Vector Pressure is no longer offering bullish hope. The last line of defense against the bear is the Quick-term bearish yellow curve. This potential resistance remains, but enduring proximity and related threats by the bear.

-Tangential Protection – None!

-Political Climate – Congress in session and doing economic damage. International politicians are cut from the same mold; all bearish.

-Reverse Tangential Bearish Detection – We can now monitor this phenomenon, as we are now enduring a significant Near-term bearish cycle. 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.

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

The Quick-term bearish yellow curve stands between the above claim and prevailing prices. If prices fall below this bearish yellow curve, the probability of tangential bearishness in this cycle will be high. The Dow Utilities moved toward supporting this phenomenon several weeks ago. A few more major indices joined the Dow Utilities in the past few days.

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

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

Indicant Volume Indicators

Volume indicators are robustly configured. The majority of this robustness configured during solid bearish expressions. Therefore, volume relationships are biased in favor of the bear. (Recent chronological observations are expressed below in reverse order).

May 28, 2010-Fri-Again puny volume is indicative of bias continuations; bearish.

May 27, 2010-Thu-Puny volume indicates a bullish spurt is underway. Volume related bearish bias prevails.

May 26, 2010-Wed-Average volume on mild bearishness does nothing to suggest the obsolescence of bearish bias.

May 25, 2010-Tue-Correction to last Friday’s comment. Volume was average last Friday, as opposed to aggressive. This error in data had no impact to assessing directional intensity. Today’s volume was a bit more aggressive. Even though intraday volatility finished up on increasing volume, mostly due to trader nervousness, volume related bias continues favoring the bull.

May 24, 2010-Mon-Very low volume accompanied today’s bearish aggression. This relationship does not obviate any changes in directional intensity. The volume-bias continues in support of the bear.

May 21, 2010-Fri-Volume was again aggressive on a bullish response to recent bearish behavior. However, volume related bias continues favoring the bear.

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 6-ETF’s. They are up by an average of 13.8%, annualizing at 32.0%, since their buy signals an average of 22.5-weeks ago.

The NTI is avoiding 25-ETF’s. They are down an average of 2.1% since their sell signals an average of 2.2-weeks ago.

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

The Quick-term Indicant is signaling hold for 20-ETF’s. They are up an average of 27.6% since their buy signals an average of 49.3-weeks ago. Those with hold signals are annualizing at 29.1%.

The Quick-term Indicant is avoiding eleven ETF’s. They are down by an average of 4.5% since their sell signals an average of 6.9-weeks ago. These avoided ETF’s include contrarian QID, which is down 60.4% since its QTI sell signal over a year ago on Mar 26, 2009.

Near-term Indicant ETF Key Attributes

NTI Blue Bull Count; zero-non-contrarians; no bullish support.

NTI Blue Curve Trend: All non-contrarians are sloping south; offering no bullish support.

NTI Green Bear Potential Count; all non-contrarians; there is no near-term non-bearish support.

NTI Green Curve Trend; none of the non-contrarians are sloping north; no non-bearish support.

Quick-term Indicant ETF Key Attributes

QTI Red Bull Count; no non-contrarians; no bullish support.

QTI Bullish Red Curve Trend; 15-sloping north in support of Quick-term Bull, but the population of this bullish attribute is declining.

QTI Yellow Bear Count; 24-non-contrarians represent a majority, supporting Quick-term non-bearishness, but losing bearish resistance potential.

QTI Bearish Yellow Curve Trend; 17-non-contrarians sloping north, highlighting non-bearishness along a slower moving plane. This non-bullish attribute is under bearish threat. ETF’s are no longer safe from the bear’s threat.

The Short-term Indicant ETF Key Attributes:

STI Force Vector Direction; all of the non-contrarians are moving bullishly. As expected, they all shifted north last Thursday. As stated yesterday, this is representative of classical bullish spurt behavior. As stated the past few days, their impending interaction with bullish domain penetration will be interesting. As stated last Wednesday, do not be surprised at a mild bullish spurt, followed by more bearish aggression in the next five to ten days.

STI Force Vector Position; None of the non-contrarians are populating bullish domains. None are greater than Pressure, offering the bull no help.

Vector Pressure Position; None of non-contrarians are in bullish domains; no bullish support and increasing bearish support. This attribute is a focal point since Pressure remains near zero and has for several weeks. The last bullish cycle did not escape Feb 2010 bearish convergence. This attribute is rapidly deteriorating. That is increasing threats to the remaining Near-term hold signals.

Vector Pressure Trend; none of the non-contrarians are moving north; no bullish support. A sustainable bearish threat will occur if pressure falls into bearish domains. None of the non-contrarians ETF’s remain in bullish domains.

Short-term Summary: Most attributes are supporting the Short-term Bear. Vector Pressure is no longer offering bullish hope.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell on May 7, 2010. It is down 3.5% since that sell signal. The Quick-term Indicant signaled sell on May 20, 2010, as its price fell below QTI Bearish yellow curve. It is up 1.7% since the QTI sell signal. (Yesterday’s report erroneously stated this was down since the QTI Bear signal).

Fundamentally, this fund will be confused. The president’s ban on offshore drilling will depress the potential for corporate profits in this sector. On the other hand, this should drive energy prices north, which should invigorate exploration, drilling, and production around the world. Keep in mind and fortunately, we do not yet have a president of earth.

ETF#11-Gold and Precious Metals is up 47.4% since the QTI signaled buy on December 11, 2008. Annualized growth is at 32.0%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $103.90 and still rising.

The Near-term Indicant signaled buy on Mar 2, 2010. It is up 7.1% since that buy signal, annualizing at 29.3%.

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

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

ETF#14-TLT-Long Government received a buy signal from both the Near-term and Quick-term Indicant models on Apr 27, 2010. It is up 5.9% since those buy signals, annualizing at 68.1%. This ETF is increasing its bullish attributes. It is usually contrarian to the overall stock market, which adds to an increased overall stock market bearishness prognosis.

It is a NTI Blue Bull and a QTI Red Bull after several months of languishing with a bearish trend. Also, Pressure is positive, which adds bullish fervor to this ETF. It will succumb to overall stock market bullishness the next few days, until this bullish spurt expires. That could take a few more days but Friday’s overall stock market bearishness help this fund.

The Near-term Indicant signaled buy for ETF#31-QID on Thursday, May 13, 2010. It is up 8.5% since then, annualizing at 204.1%.

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 60.4% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $20.77 and still falling. Its rate of decline is slowing.

Major ETF Events

May 28, 2010-Fri-Bearish aggression did not upset rising Force Vectors, which suggests bullish spurt potential. However, do not rely on bullish spurt. Investing behavior should be contrary to near-term cyclical direction, which is bearish.

May 27, 2010-Thu-Bullish behavior is a mere spurt. It is configured to be very short-lived; three to five days before the bear resumes dominance.

May 26, 2010-Wed-The market opened with mild bullishness and weakened throughout the session. This facilitates the bearish undercurrent.

May 25, 2010-Tue-The stock market opened with bearish aggression and rebounded to flat performance. Force Vectors are at a cyclical minimum and thus the potential for meandering to non-bearish behavior is heightened.

May 24, 2010-Mon-TLT was not contrarian today. More Vector Pressures fell into bearish domains.

Current Strategy-Short-term Indicant- May 28, 2010-Fri-Same as previous comments. May 26, 2010-Wed-Same as yesterday. May 25, 2010-Tue-Do not be fooled if bullish behavior occurs in the next few days. May 24, 2010-Mon-The bear continues gaining momentum.

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

05/28/10

May 27, 2010 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

Force Vectors finally reversed course today, assisting the expected bullish spurt. Such cycles are short; usually lasting four to eight days under normal conditions. The key phenomenon to monitor is their behavior upon interaction with Vector Pressure and or any attempt to penetrate bullish domains.

Configurations continue suggesting any price rise above NTI Green will be followed by additional bearishness. A few eclipsed NTI Green today. A few more ETF’s/Indices have an equal ambition to do so. Do not be fooled by bullish behavior. Bearish bias remains dominant.

Adding to that, an increasing number of ETF’s became yellow bears last week, in addition to some of the major indices. The QTI bearish yellow curve has been meek in offering resistance to bearish ambitions, even though it finally offered resistance today. Also, Vector Pressure is succumbing to the gravity of bearish domains. This is bearish.

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

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

The Near-term Indicant is signaling bull for two major indices. They are up by an average of 17.2% since their bull signals an average of 8.2-weeks ago, annualizing at 107.4%. The bull signals include contrarian VIX, which could be construed as distorting performance. It is up 28.3% since its Apr 27, 2010 bull signal. It is down significantly the past two days. That is merely a technical.

The Near-term Indicant is signaling bear for ten indices. They are down by an average of 2.2% since their bear signals an average of 3.3-weeks ago.

The Quick-term Indicant signaled no new bulls and no new bears. Last week’s QTI bear signals were the first since last July.

The Quick-term Indicant is signaling bull for nine major indices. They are up by an average of 27.4%, annualizing at 30.5%, since their bull signals an average of 46.6-weeks ago.

The Quick-term Indicant is signaling bear for three indices. They are up by an average of 1.6% since their bear signals and average of 5.8-weeks ago.

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

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

QTI-Red Bull Count; No non-contrarians; no bullish support.

QTI-Bullish Red Curve Trend; Eight non-contrarians; weakening bullish support.

QTI-Bearish Yellow Curve Trend; Non-bearish majority with eight of 11-non-contrarian indices in non-bearish trend, supporting non-bearish bias along this slower cycle. However, even this strong resistance point is losing its capacity to do so.

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

NTI-Blue Bull Count; Two non-contrarians; no near-term bullish support. Those two occurred today and just a mere technical bullish spurt.

NTI-Bullish Blue Curve Trend; All non-contrarians sloping negatively; no longer with bullish support.

NTI-Bearish Green Curve Trend; All non-contrarians sloping negatively; there is no non-bearish support.

The Near-term attributes are inflecting with an increasing bias, favoring the bear. Both NTI Bullish Blue and NTI Bearish Green are sloping south and thus solidly bearish on a near-term basis.

Short-term Force Vectors and Pressure Attributes

STI-Force Vector Domain Position; None of the non-contrarians are in bullish domains.

STI-Force Vector Direction; Ten non-contrarians are moving south. Two more shifted north today, offering the bull an opportunity to foster a bullish spurt to slow the bear’s momentum.

STI-Vector Pressure Trend; None of the non-contrarian indices are moving bullishly; no bullish support.

STI-Vector Pressure Position; One non-contrarian is in bullish domains; almost no bullish support. They remain in near convergence, which has been occurring for several weeks. This correlated to indecisiveness in directional intensity, but shifting in favor of the bear. VIX pressure is also in bullish domains, inspiring the stock market bear.

Short-term Market Summary

Short-term attributes are supporting the bear. Vector Pressure is no longer offering bullish hope. Bearishly moving Force Vectors are mature, which may invoke bullish spurt behavior. The last line of defense against the bear is the Quick-term bearish yellow curve. This potential resistance remains, but enduring proximity and related threats by the bear.

-Tangential Protection – None!

-Political Climate – Congress in session and doing economic damage. International politicians are cut from the same mold; all bearish.

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

Indicant Volume Indicators

May 27, 2010-Thu-Puny volume indicates a bullish spurt is underway. Volume related bearish bias prevails.

May 26, 2010-Wed-Average volume on mild bearishness does nothing to suggest the obsolescence of bearish bias.

May 24, 2010-Mon-Very low volume accompanied today’s bearish aggression. This relationship does not obviate any changes in directional intensity. The volume-bias continues in support of the bear.

May 21, 2010-Fri-Volume was again aggressive on a bullish response to recent bearish behavior. However, volume related bias continues favoring the bear.

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 6-ETF’s. They are up by an average of 14.2%, annualizing at 33.2%, since their buy signals an average of 22.3-weeks ago.

The NTI is avoiding 25-ETF’s. They are down an average of 0.9% since their sell signals an average of 2.1-weeks ago.

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

The Quick-term Indicant is signaling hold for 20-ETF’s. They are up an average of 28.9% since their buy signals an average of 49.1-weeks ago. Those with hold signals are annualizing at 30.6%.

The Quick-term Indicant is avoiding eleven ETF’s. They are down by an average of 3.4% since their sell signals an average of 6.8-weeks ago. These avoided ETF’s include contrarian QID, which is down 60.8% since its QTI sell signal over a year ago on Mar 26, 2009.

Near-term Indicant ETF Key Attributes

NTI Blue Bull Count; five-non-contrarians; no bullish support. Several hopped above blue on today’s bullish aggression; classical bullish spurt behavior.

NTI Blue Curve Trend: All non-contrarians are sloping south; offering no bullish support.

NTI Green Bear Potential Count; all non-contrarians; there is no near-term non-bearish support.

NTI Green Curve Trend; none of the non-contrarians are sloping north; no non-bearish support.

Quick-term Indicant ETF Key Attributes

QTI Red Bull Count; no non-contrarians; no bullish support.

QTI Bullish Red Curve Trend; a mild majority of 16-sloping north in support of Quick-term Bull, but the population of this bullish attribute is declining.

QTI Yellow Bear Count; twenty-two non-contrarians represent a majority, supporting Quick-term non-bearishness, but losing bearish resistance potential.

The Short-term Indicant ETF Key Attributes:

STI Force Vector Direction; all of the non-contrarians are moving bullishly. As expected, they all shifted north today. As stated the past few days, their impending interaction with bullish domain penetration will be interesting. As stated yesterday, do not be surprised at a mild bullish spurt, followed by more bearish aggression in the next five to ten days.

STI Force Vector Position; None of the non-contrarians are populating bullish domains. None are greater than Pressure, offering the bull little help.

Short-term Summary: Most attributes are supporting the Short-term Bear. Vector Pressure is no longer offering bullish hope.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell on May 7, 2010. It is down 1.7% since that sell signal. The Quick-term Indicant signaled sell on May 20, 2010, as its price fell below QTI Bearish yellow curve. It is down 3.7% since the QTI sell signal.

ETF#11-Gold and Precious Metals is up 47.2% since the QTI signaled buy on December 11, 2008. Annualized growth is at 31.9%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $103.78 and still rising.

The Near-term Indicant signaled buy on Mar 2, 2010. It is up 6.9% since that buy signal, annualizing at 28.9%.

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

ETF#14-TLT-Long Government received a buy signal from both the Near-term and Quick-term Indicant models on Apr 27, 2010. It is up 5.4% since those buy signals, annualizing at 64.6%. This ETF is increasing its bullish attributes. It is usually contrarian to the overall stock market, which adds to an increased overall stock market bearishness prognosis.

The Near-term Indicant signaled buy for ETF#31-QID on Thursday, May 13, 2010. It is up 7.5% since then, annualizing at 191.3%.

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 60.8% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $20.82 and still falling. Its rate of decline is slowing.

Major ETF Events

May 27, 2010-Thu-Today’s bullish behavior is a mere spurt. It is configured to be very short-lived; three to five days before the bear resumes dominance.

May 26, 2010-Wed-The market opened with mild bullishness and weakened throughout the session. This facilitates the bearish undercurrent.

May 24, 2010-Mon-TLT was not contrarian today. More Vector Pressures fell into bearish domains.

Current Strategy-Short-term Indicant- May 26, 2010-Wed-Same as yesterday. May 25, 2010-Tue-Do not be fooled if bullish behavior occurs in the next few days. May 24, 2010-Mon-The bear continues gaining momentum.

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

05/27/10

May 26, 2010 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

Force Vectors appear mature and offering bullish spurt potential. They are struggling at reversing to a bullish to non-bearish cycle. This struggle is ominous. However, they are expected to reverse into a bullish to non-bearish cycle. Such cycles are short; usually lasting four to eight days under normal conditions.

Configurations continue suggesting any price rise above NTI Green will be followed by additional bearishness. Do not be surprised at meandering to non-bearish expressions in the next few days. Do not be fooled by this potential stock market behavior. Bearish bias remains dominant.

As stated for several days, bias strongly favors the bear based on volume relationships, the VIX’s profoundly strong Force Vector, and TLT’s continued bullishness. VIX’s Vector Pressure is strongly elevating into bullish domains, which is bearish for the overall stock market.

Adding to that, an increasing number of ETF’s became yellow bears last week, in addition to some of the major indices. The QTI bearish yellow curve has been meek in offering resistance to bearish ambitions. Also, Vector Pressure is succumbing to the gravity of bearish domains. This is bearish.

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

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

The Near-term Indicant is signaling bull for two major indices. They are up by an average of 25.8% since their bull signals an average of 8.1-weeks ago, annualizing at 166.2%. The bull signals include contrarian VIX, which could be construed as distorting performance. It is up 49.2% since its Apr 27, 2010 bull signal.

The Near-term Indicant is signaling bear for ten indices. They are down by an average of 5.3% since their bear signals an average of 3.1-weeks ago.

The Quick-term Indicant signaled no new bulls and no new bears. Last week’s QTI bear signals were the first since last July.

The Quick-term Indicant is signaling bull for nine major indices. They are up by an average of 25.9%, annualizing at 29.0%, since their bull signals an average of 46.5-weeks ago.

The Quick-term Indicant is signaling bear for three indices. They are down by an average of 1.4% since their bear signals and average of 5.7-weeks ago.

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

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

QTI-Red Bull Count; No non-contrarians; no bullish support.

QTI-Bullish Red Curve Trend; Eight non-contrarians; weakening bullish support.

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

NTI-Blue Bull Count; Zero non-contrarians; no near-term bullish support.

NTI-Bullish Blue Curve Trend; All non-contrarians sloping negatively; no longer with bullish support.

NTI-Bearish Green Curve Trend; All non-contrarians sloping negatively; there is no non-bearish support.

The Near-term attributes are inflecting with an increasing bias, favoring the bear. Both NTI Bullish Blue and NTI Bearish Green are sloping south and thus solidly bearish on a near-term basis.

Short-term Force Vectors and Pressure Attributes

STI-Force Vector Domain Position; None of the non-contrarians are in bullish domains.

STI-Force Vector Position Relative to Vector Pressure; One of the non-contrarians is above Pressure and still not supportive of the bull, except for a possible bullish spurt.

STI-Force Vector Direction; Eight non-contrarians are moving south. Two shifted north today, offering the bull an opportunity to foster a bullish spurt to slow the bear’s momentum.

STI-Vector Pressure Trend; None of the non-contrarian indices are moving bullishly; no bullish support.

Short-term Market Summary

-Tangential Protection – None!

-Political Climate – Congress in session and doing economic damage. International politicians are cut from the same mold; all bearish.

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

Indicant Volume Indicators

May 26, 2010-Wed-Average volume on mild bearishness does nothing to suggest the obsolescence of bearish bias.

May 24, 2010-Mon-Very low volume accompanied today’s bearish aggression. This relationship does not obviate any changes in directional intensity. The volume-bias continues in support of the bear.

May 21, 2010-Fri-Volume was again aggressive on a bullish response to recent bearish behavior. However, volume related bias continues favoring the bear.

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 6-ETF’s. They are up by an average of 13.9%, annualizing at 32.7%, since their buy signals an average of 22.2-weeks ago.

The NTI is avoiding 25-ETF’s. They are down an average of 4.6% since their sell signals an average of 1.9-weeks ago.

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

The Quick-term Indicant is signaling hold for 20-ETF’s. They are up an average of 24.9% since their buy signals an average of 49.0-weeks ago. Those with hold signals are annualizing at 26.4%.

The Quick-term Indicant is avoiding eleven ETF’s. They are down by an average of 6.8% since their sell signals an average of 6.6-weeks ago. These avoided ETF’s include contrarian QID, which is down 57.6% since its QTI sell signal over a year ago on Mar 26, 2009.

Near-term Indicant ETF Key Attributes

NTI Blue Bull Count; zero-non-contrarians; no bullish support.

NTI Blue Curve Trend: All non-contrarians are sloping south; offering no bullish support.

NTI Green Bear Potential Count; all non-contrarians; there is no near-term non-bearish support.

NTI Green Curve Trend; none of the non-contrarians are sloping north; no non-bearish support.

Quick-term Indicant ETF Key Attributes

QTI Red Bull Count; no non-contrarians; no bullish support.

QTI Bullish Red Curve Trend; majority of 18-sloping north in support of Quick-term Bull, but the population of this bullish attribute is declining.

QTI Yellow Bear Count; seventeen non-contrarian represent a majority, supporting Quick-term non-bearishness, but losing bearish resistance potential.

The Short-term Indicant ETF Key Attributes:

STI Force Vector Direction; four of the non-contrarians are moving bullishly. If more shift back to the north in the next day or two, the bear’s ambition will be muted. As stated the past few days, their impending interaction with bullish domain penetration will be interesting. Do not be surprised at a mild bullish spurt, followed by more bearish aggression in the next five to ten days.

STI Force Vector Position; None of the non-contrarians are populating bullish domains. None are greater than Pressure, offering the bull little help.

Vector Pressure Position; only one non-contrarian is in bullish domains; no bullish support and increasing bearish support. This attribute is a focal point since Pressure remains near zero and has for several weeks. The last bullish cycle did not escape Feb 2010 bearish convergence. This attribute is rapidly deteriorating. That is increasing threats to the remaining Near-term hold signals.

Vector Pressure Trend; none of the non-contrarians are moving north; no bullish support. A sustainable bearish threat will occur if pressure falls into bearish domains. Only one non-contrarian remains in bullish domains.

Short-term Summary: Most attributes are supporting the Short-term Bear. Vector Pressure is on the verge of not offering any bullish support. Only one non-contrarian remains in bullish domains.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell on May 7, 2010. It is down 5.7% since that sell signal. The Quick-term Indicant signaled sell on May 20, 2010, as its price fell below QTI Bearish yellow curve. It is down 0.6% since the QTI sell signal.

ETF#11-Gold and Precious Metals is up 46.9% since the QTI signaled buy on December 11, 2008. Annualized growth is at 31.8%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $103.67 and still rising.

The Near-term Indicant signaled buy on Mar 2, 2010. It is up 6.7% since that buy signal, annualizing at 28.4%.

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

ETF#14-TLT-Long Government received a buy signal from both the Near-term and Quick-term Indicant models on Apr 27, 2010. It is up 7.8% since those buy signals, annualizing at 97.2%. This ETF is increasing its bullish attributes. It is usually contrarian to the overall stock market, which adds to an increased overall stock market bearishness prognosis.

It is a NTI Blue Bull and a QTI Red Bull after several months of languishing with a bearish trend. Also, Pressure is positive, which adds bullish fervor to this ETF.

The Near-term Indicant signaled buy for ETF#31-QID on Thursday, May 13, 2010. It is up 16.2% since then, annualizing at 449.3%. That annualized number is based on its performance after only a few trading days since the buy signal.

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 57.6% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $20.86 and still falling. Its rate of decline is slowing.

Major ETF Events

May 26, 2010-Wed-The market opened with mild bullishness and weakened throughout the session. This facilitates the bearish undercurrent.

May 24, 2010-Mon-TLT was not contrarian today. More Vector Pressures fell into bearish domains.

Current Strategy-Short-term Indicant- May 25, 2010-Tue-Do not be fooled if bullish behavior occurs in the next few days. May 24, 2010-Mon-The bear continues gaining momentum.

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

05/26/10

May 25, 2010 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

Force Vectors appear mature and offering bullish spurt potential. Configurations suggest any price rise above NTI Green will be followed by additional bearishness. Do not be surprised at meandering to non-bearish expressions in the next few days. Do not be fooled by this potential stock market behavior. Bearish bias remains dominant.

As stated for several days, bias strongly favors the bear based on volume relationships, the VIX’s profoundly strong Force Vector, and TLT’s continued bullishness.

Adding to that, an increasing number of ETF’s became yellow bears last week, in addition to some of the major indices. The QTI bearish yellow curve has been meek in offering resistance to bearish ambitions. Also, Vector Pressure is succumbing to the gravity of bearish domains. This is bearish.

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

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

The Near-term Indicant is signaling bull for two major indices. They are up by an average of 25.8% since their bull signals an average of 7.9-weeks ago, annualizing at 169.4%. The bull signals include contrarian VIX, which could be construed as distorting performance. It is up 50.4% since its Apr 27, 2010 bull signal.

The Near-term Indicant is signaling bear for ten indices. They are down by an average of 4.9% since their bear signals an average of 3.0-weeks ago.

The Quick-term Indicant signaled no new bulls and no new bears. Last week’s QTI bear signals were the first since last July.

The Quick-term Indicant is signaling bull for nine major indices. They are up by an average of 26.3%, annualizing at 29.5%, since their bull signals an average of 46.3-weeks ago.

The Quick-term Indicant is signaling bear for three indices. They are down by an average of 0.8% since their bear signals and average of 5.5-weeks ago.

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

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

QTI-Red Bull Count; No non-contrarians; no bullish support.

QTI-Bullish Red Curve Trend; Eight non-contrarians; weakening bullish support.

The Quick-term Indicant is no longer supportive of the QTI Bull due to the May 20, 2010 QTI bear signals. However, keep in mind, most of the major indices have not yet fallen below their respective QTI bearish yellow curves. Today’s volatile behavior with a bullish close suggests bearish yellow may indeed offer resistance to bearish ambition.

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

NTI-Blue Bull Count; Zero non-contrarians; no near-term bullish support.

NTI-Bullish Blue Curve Trend; All non-contrarians sloping negatively; no longer with bullish support.

NTI-Bearish Green Curve Trend; All non-contrarians sloping negatively; there is no non-bearish support.

The Near-term attributes are inflecting with an increasing bias, favoring the bear. Both NTI Bullish Blue and NTI Bearish Green are sloping south and thus solidly bearish on a near-term basis.

Short-term Force Vectors and Pressure Attributes

STI-Force Vector Domain Position; None of the non-contrarians are in bullish domains.

STI-Force Vector Position Relative to Vector Pressure; One of the non-contrarians is above Pressure and still not supportive of the bull, except for a possible bullish spurt.

STI-Force Vector Direction; All non-contrarians are moving south. This is perpetuating the ominous configuration that is encouraging to the bear. They are bearishly mature, though, increasing the likelihood of slowing the bear’s wrath.

STI-Vector Pressure Trend; None of the non-contrarian indices are moving bullishly; no bullish support.

Short-term Market Summary

-Tangential Protection – None!

-Political Climate – Congress in session and doing economic damage. International politicians are cut from the same mold; all bearish.

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

Indicant Volume Indicators

May 24, 2010-Mon-Very low volume accompanied today’s bearish aggression. This relationship does not obviate any changes in directional intensity. The volume-bias continues in support of the bear.

May 21, 2010-Fri-Volume was again aggressive on a bullish response to recent bearish behavior. However, volume related bias continues favoring the bear.

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 6-ETF’s. They are up by an average of 13.7%, annualizing at 32.3%, since their buy signals an average of 22.0-weeks ago.

The NTI is avoiding 25-ETF’s. They are down an average of 4.1% since their sell signals an average of 1.8-weeks ago.

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

The Quick-term Indicant is signaling hold for 20-ETF’s. They are up an average of 25.2% since their buy signals an average of 48.8-weeks ago. Those with hold signals are annualizing at 26.8%.

The Quick-term Indicant is avoiding eleven ETF’s. They are down by an average of 6.2% since their sell signals an average of 6.5-weeks ago. These avoided ETF’s include contrarian QID, which is down 58.5% since its QTI sell signal over a year ago on Mar 26, 2009.

Near-term Indicant ETF Key Attributes

NTI Blue Bull Count; zero-non-contrarians; no bullish support.

NTI Blue Curve Trend: All non-contrarians are sloping south; offering no bullish support.

NTI Green Bear Potential Count; all non-contrarians; there is no near-term non-bearish support.

NTI Green Curve Trend; none of the non-contrarians are sloping north; no non-bearish support.

Quick-term Indicant ETF Key Attributes

QTI Red Bull Count; no non-contrarians; no bullish support.

QTI Bullish Red Curve Trend; majority of 19-sloping north in support of Quick-term Bull, but the population of this bullish attribute is declining.

QTI Yellow Bear Count; seventeen non-contrarian represent a majority, supporting Quick-term non-bearishness, but losing bearish resistance potential.

QTI Bearish Yellow Curve Trend; 18-non-contrarians sloping north, highlighting non-bearishness along a slower moving plane. This non-bullish attribute is under bearish threat. ETF’s are no longer safe from the bear’s threat.

The Short-term Indicant ETF Key Attributes:

STI Force Vector Direction; two of the non-contrarians are moving bullishly. If more shift back to the north in the next day or two, the bear’s ambition will be muted. As stated the past few days, their impending interaction with bullish domain penetration will be interesting. Do not be surprised at a mild bullish spurt, followed by more bearish aggression in the next five to ten days.

STI Force Vector Position; None of the non-contrarians are populating bullish domains. None are greater than Pressure, offering the bull little help.

Short-term Summary: Most attributes are supporting the Short-term Bear. Vector Pressure is on the verge of not offering any bullish support. Only one non-contrarian remains in bullish domains.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell on May 7, 2010. It is down 5.5% since that sell signal. The Quick-term Indicant signaled sell on May 20, 2010, as its price fell below QTI Bearish yellow curve. It is down 0.3% since the QTI sell signal.

ETF#11-Gold and Precious Metals is up 45.5% since the QTI signaled buy on December 11, 2008. Annualized growth is at 30.9%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $103.55 and still rising.

The Near-term Indicant signaled buy on Mar 2, 2010. It is up 5.7% since that buy signal, annualizing at 24.5%.

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

ETF#14-TLT-Long Government received a buy signal from both the Near-term and Quick-term Indicant models on Apr 27, 2010. It is up 8.1% since those buy signals, annualizing at 104.6%. This ETF is increasing its bullish attributes. It is usually contrarian to the overall stock market, which adds to an increased overall stock market bearishness prognosis.

It is a NTI Blue Bull and a QTI Red Bull after several months of languishing with a bearish trend. Also, Pressure is positive, which adds bullish fervor to this ETF.

The Near-term Indicant signaled buy for ETF#31-QID on Thursday, May 13, 2010. It is up 13.8% since then, annualizing at 412.4%. That annualized number is based on its performance after only a few trading days since the buy signal.

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 58.5% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $20.91 and still falling. Its rate of decline is slowing.

Major ETF Events

May 24, 2010-Mon-TLT was not contrarian today. More Vector Pressures fell into bearish domains.

Current Strategy-Short-term Indicant- May 25, 2010-Tue-Do not be fooled if bullish behavior occurs in the next few days. May 24, 2010-Mon-The bear continues gaining momentum.

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

05/25/10

May 24, 2010 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

Force Vectors appear mature and offering bullish spurt potential. Configurations suggest any price rise above NTI Green will be followed by additional bearishness.

As stated for several days, bias strongly favors the bear based on volume relationships, the VIX’s profoundly strong Force Vector, and TLT’s continued bullishness.

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

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

The Near-term Indicant is signaling bull for two major indices. They are up by an average of 34.1% since their bull signals an average of 7.8-weeks ago, annualizing at 227.7%. The bull signals include contrarian VIX, which could be construed as distorting performance. It is up 66.9% since its Apr 27, 2010 bull signal.

The Near-term Indicant is signaling bear for ten indices. They are down by an average of 4.8% since their bear signals an average of 2.9-weeks ago.

The Quick-term Indicant signaled no new bulls and no new bears. Last Thursday’s QTI bear signals were the first since last July.

The Quick-term Indicant is signaling bull for nine major indices. They are up by an average of 31.8%, annualizing at 28.3%, since their bull signals an average of 46.2-weeks ago.

The Quick-term Indicant is signaling bear for three indices. They are down by an average of 0.6% since their bear signals and average of 5.4-weeks ago.

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

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

QTI-Red Bull Count; No non-contrarians; no bullish support.

QTI-Bullish Red Curve Trend; Eight non-contrarians; weakening bullish support.

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

NTI-Blue Bull Count; Zero non-contrarians; no near-term bullish support.

NTI-Bullish Blue Curve Trend; All non-contrarians sloping negatively; no longer with bullish support.

NTI-Bearish Green Curve Trend; All non-contrarians sloping negatively; there is no non-bearish support.

The Near-term attributes are inflecting with an increasing bias, favoring the bear. Both NTI Bullish Blue and NTI Bearish Green are sloping south and thus solidly bearish on a near-term basis.

Short-term Force Vectors and Pressure Attributes

STI-Force Vector Domain Position; None of the non-contrarians are in bullish domains.

STI-Force Vector Position Relative to Vector Pressure; None of the non-contrarians are above Pressure and not supportive of the bull.

STI-Force Vector Direction; All non-contrarians shifted south. This is perpetuating the ominous configuration that is encouraging to the bear. They are bearishly mature, though, increasing the likelihood of slowing the bear’s wrath.

STI-Vector Pressure Trend; None of the non-contrarian indices are moving bullishly; no bullish support.

Short-term Market Summary

-Tangential Protection – None!

-Political Climate – Congress in session and doing economic damage. International politicians are cut from the same mold; all bearish.

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

Indicant Volume Indicators

May 24, 2010-Mon-Very low volume accompanied today’s bearish aggression. This relationship does not obviate any changes in directional intensity. The volume-bias continues in support of the bear.

May 21, 2010-Fri-Volume was again aggressive on a bullish response to recent bearish behavior. However, volume related bias continues favoring the bear.

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 6-ETF’s. They are up by an average of 13.4%, annualizing at 31.8%, since their buy signals an average of 21.9-weeks ago.

The NTI is avoiding 25-ETF’s. They are down an average of 4.0% 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 20-ETF’s. They are up an average of 25.1% since their buy signals an average of 48.7-weeks ago. Those with hold signals are annualizing at 26.8%.

The Quick-term Indicant is avoiding ten ETF’s. They are down by an average of 6.5% since their sell signals an average of 7.0-weeks ago. These avoided ETF’s include contrarian QID, which is down 58.4% since its QTI sell signal over a year ago on Mar 26, 2009.

Near-term Indicant ETF Key Attributes

NTI Blue Bull Count; zero-non-contrarians; no bullish support.

NTI Blue Curve Trend: All non-contrarians are sloping south; offering no bullish support.

NTI Green Bear Potential Count; 27-non-contrarians; there is no near-term non-bearish support.

NTI Green Curve Trend; none of the non-contrarians are sloping north; no non-bearish support.

Quick-term Indicant ETF Key Attributes

QTI Red Bull Count; no non-contrarians; no bullish support.

QTI Bullish Red Curve Trend; majority of 20-sloping north in support of Quick-term Bull, but the population of this bullish attribute is declining.

QTI Yellow Bear Count; seventeen non-contrarian represent a majority, supporting Quick-term non-bearishness, but losing bearish resistance potential.

The Short-term Indicant ETF Key Attributes:

STI Force Vector Direction; none of the non-contrarians are moving bullishly. All shifted back to the south the past five days. They are mature, offering the bull some encouragement; most likely, though, just a bullish spurt to be followed by more bearishness.

STI Force Vector Position; None of the non-contrarians are populating bullish domains. None are greater than Pressure, offering the bull little help.

Short-term Summary: Most attributes are supporting the Short-term Bear. Vector Pressure is on the verge of not offering any bullish support. Only one non-contrarian remains in bullish domains.

Contrarian Funds

ETF#11-Gold and Precious Metals is up 44.9% since the QTI signaled buy on December 11, 2008. Annualized growth is at 30.5%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $103.44 and still rising.

The Near-term Indicant signaled buy on Mar 2, 2010. It is up 7.6% since that buy signal, annualizing at 17.0%.

It fell below NTI Blue on May 19, 2010, but rebounded bullishly today.

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

ETF#14-TLT-Long Government received a buy signal from both the Near-term and Quick-term Indicant models on Apr 27, 2010. It is up 7.6% since those buy signals, annualizing at 101.5%. This ETF is increasing its bullish attributes. It is usually contrarian to the overall stock market, which adds to an increased overall stock market bearishness prognosis.

It is a NTI Blue Bull and a QTI Red Bull after several months of languishing with a bearish trend. Also, Pressure is positive, which adds bullish fervor to this ETF. As expected, this fund has been non-bearish.

The Near-term Indicant signaled buy for ETF#31-QID on Thursday, May 13, 2010. It is up 13.9% since then, annualizing at 454.4%. Of course, that annualized number is based on its performance after only a few trading days since the buy signal.

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 58.4% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $20.96 and still falling. Its rate of decline is slowing.

Major ETF Events

May 24, 2010-Mon-TLT was not contrarian today. More Vector Pressures fell into bearish domains.

Current Strategy-Short-term Indicant- May 24, 2010-Mon-The bear continues gaining momentum.

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

05/24/10

May 21, 2010 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

Force Vectors appear mature and offering bullish spurt potential. Configurations suggest any price rise above NTI Green will be followed by additional bearishness.

As stated for several days, bias strongly favors the bear based on volume relationships, the VIX’s profoundly strong Force Vector, and TLT’s continued bullishness.

Adding to that, several ETF’s became yellow bears yesterday, along with a couple of major indices. That is decidedly bearish.

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

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

The Near-term Indicant is signaling bull for two major indices. They are up by an average of 39.1% since their bull signals an average of 7.4-weeks ago, annualizing at 259.4%. The bull signals include contrarian VIX, which could be construed as distorting performance. It is up 74.0% since its Apr 27, 2010 bull signal.

The Near-term Indicant is signaling bear for ten indices. They are down by an average of 3.7% since their bear signals an average of 2.4-weeks ago.

The Quick-term Indicant signaled no new bulls and no new bears. Yesterday’s QTI bear signals were the first since last July.

The Quick-term Indicant is signaling bull for nine major indices. They are up by an average of 30.1%, annualizing at 34.2%, since their bull signals an average of 45.8-weeks ago.

The Quick-term Indicant is signaling bear for three indices. They are up by an average of 0.7% since their bear signals and average of 6.0-weeks ago.

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

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

QTI-Red Bull Count; No non-contrarians; no bullish support.

QTI-Bullish Red Curve Trend; Eight non-contrarians; weakening bullish support.

The Quick-term Indicant is no longer supportive of the QTI Bull due to the May 20, 2010 QTI bear signals.

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

NTI-Blue Bull Count; Zero non-contrarians; no near-term bullish support.

NTI-Bullish Blue Curve Trend; All non-contrarians sloping negatively; no longer with bullish support.

NTI-Bearish Green Curve Trend; All non-contrarians sloping negatively; there is no non-bearish support.

The Near-term attributes are inflecting with an increasing bias, favoring the bear. Both NTI Bullish Blue and NTI Bearish Green are sloping south and thus solidly bearish on a near-term basis.

Short-term Force Vectors and Pressure Attributes

STI-Force Vector Domain Position; None of the non-contrarians are in bullish domains.

STI-Force Vector Position Relative to Vector Pressure; None of the non-contrarians are above Pressure and not supportive of the bull.

STI-Force Vector Direction; All non-contrarians shifted south. This is perpetuating the ominous configuration that is encouraging to the bear.

STI-Vector Pressure Trend; None of the non-contrarian indices are moving bullishly; no bullish support.

Short-term Market Summary

Short-term attributes are supporting the bear. Vector Pressure is no longer offering bullish hope. Bearishly moving Force Vectors are mature, which may invoke bullish spurt behavior.

-Tangential Protection – None!

-Political Climate – Congress in session and doing economic damage. International politicians are cut from the same mold; all bearish.

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

Indicant Volume Indicators

May 21, 2010-Fri-Volume was again aggressive on a bullish response to recent bearish behavior. However, volume related bias continues favoring the bear.

May 20, 2010-Thu-Volume was aggressive on the bear’s successful aggressive assault to the bull.

May 19, 2010-Wed-Volume remains supportive to bear’s ambition.

May 18, 2010-Tue-Big board volume was mildly aggressive on bearish aggression, while the NASDAQ is not panicky. Overall volume-related bias continues favoring the bear on a short-term basis.

May 17, 2010-Mon-Average volume on a seesaw day suggests added uncertainty of directional intensity. With that, volume-bias continues favoring the bear.

May 14, 2010-Fri-More aggressive volume on bearish aggression is increasing directional intensity favoring the bear.

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 6-ETF’s. They are up by an average of 13.7%, annualizing at 32.3%, since their buy signals an average of 21.5-weeks ago.

The NTI is avoiding 26-ETF’s. They are down an average of 2.9% 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 21-ETF’s. They are up an average of 26.9% since their buy signals an average of 48.4-weeks ago. Those with hold signals are annualizing at 27.9%.

The Quick-term Indicant is avoiding ten ETF’s. They are down by an average of 5.4% since their sell signals an average of 16.1-weeks ago. These avoided ETF’s include contrarian QID, which is down 58.7% since its QTI sell signal on Mar 26, 2009.

Near-term Indicant ETF Key Attributes

NTI Blue Bull Count; zero-non-contrarians; no bullish support.

NTI Blue Curve Trend: All non-contrarians are sloping south; offering no bullish support.

NTI Green Bear Potential Count; 27-non-contrarians; there is no near-term non-bearish support.

NTI Green Curve Trend; none of the non-contrarians are sloping north; no non-bearish support.

Quick-term Indicant ETF Key Attributes

QTI Red Bull Count; no non-contrarians; no bullish support.

QTI Bullish Red Curve Trend; majority of 23-sloping north in support of Quick-term Bull.

QTI Yellow Bear Count; eighteen non-contrarian represent a majority, supporting Quick-term non-bearishness, but losing bearish resistance potential.

QTI Bearish Yellow Curve Trend; 23-non-contrarians sloping north, highlighting non-bearishness along a slower moving plane. This non-bullish attribute is under a mixed bearish threat. ETF’s are no longer safe from the bear’s threat.

The Short-term Indicant ETF Key Attributes:

STI Force Vector Direction; none of the non-contrarians are moving bullishly. All shifted back to the south the past four days. They are mature, offering the bull some encouragement; most likely, though, just a bullish spurt to be followed by more bearishness.

STI Force Vector Position; None of the non-contrarians are populating bullish domains. None are greater than Pressure, offering the bull little help.

Vector Pressure Position; only two non-contrarians are in bullish domains; decreasing bullish support. This attribute is a focal point since Pressure remains near zero and has for several weeks. The last bullish cycle did not escape Feb 2010 bearish convergence. This attribute is rapidly deteriorating. That is increasing threats to the remaining Near-term hold signals.

Vector Pressure Trend; none of the non-contrarians are moving north; no bullish support. A sustainable bearish threat will occur if pressure falls into bearish domains.

Short-term Summary: Most attributes are supporting the Short-term Bear. Vector Pressure is on the verge of not offering any bullish support.

Contrarian Funds

ETF#11-Gold and Precious Metals is up 42.8% since the QTI signaled buy on December 11, 2008. Annualized growth is at 29.3%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $103.32 and still rising.

The Near-term Indicant signaled buy on Mar 2, 2010. It is up 3.8% since that buy signal, annualizing at 17.0%.

It fell below NTI Blue on May 19, 2010, but not threatening to the hold signal; just cooling off a bit.

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

ETF#14-TLT-Long Government received a buy signal from both the Near-term and Quick-term Indicant models on Apr 27, 2010. It is up 8.0% since those buy signals, annualizing at 119.8%. This ETF is increasing its bullish attributes. It is usually contrarian to the overall stock market, which adds to an increased overall stock market bearishness prognosis.

The Near-term Indicant signaled buy for ETF#31-QID on Thursday, May 13, 2010. It is up 13.0% since then, annualizing at 586.2%. Of course, that annualized number is based on its performance after only a few trading days since the buy signal.

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 58.7% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $21.01 and still falling. It rate of decline is slowing.

Major ETF Events

May 21, 2010-Fri-Bullish behavior is just a mere spurt with little follow-on potential.

May 20, 2010-Thu-Aggressive bearish behavior, coupled with a volume surge, is solidly bearish. Also some major indices and several ETF’s fell below bearish yellow today.

May 19, 2010-Wed-There are more NTI sell signals. Other than that, the bear remains energized. It does not yet have complete breadth.

May 18, 2010-Tue-QQQQ endured a NTI sell signal. EWZ-Brazil endured a QTI sell signal; the first signal since its previous buy signal over a year ago on April 3, 2009. It was up over 55% since today’s sell signal.

May 17, 2010-Mon-There were two more sell signals.

Current Strategy-Short-term Indicant- May 21, 2010-Fri-Same. May 20, 2010-Same! May 19, 2010-Wed-The bear continues gaining momentum. May 18, 2010-Tue-Bearish bias increasing. Force Vectors are dipping south. This is an ominous configuration that should be inspirational to the bear. May 17, 2010-Mon-Configurations continue inflecting with non-bullish configurations with a bit more bias favoring the bear. Vector Pressure never escaped last February’s bearish behavior. They are teetering where the bull and bear engage in significant battles.

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

05/21/10

May 20, 2010 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

Force Vectors are shifting south. They were anemic in their attempt to cross back into bullish domains. That, coupled with declining Near-term curves, is inspirational to bearish ambition.

As stated last week, bias strongly favors the bear based on volume relationships, the VIX’s profoundly strong Force Vector, and TLT’s continued bullishness.

Adding to that, several ETF’s became yellow bears today, along with a couple of major indices. That is decidedly bearish.

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

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

The Near-term Indicant is signaling bull for two major indices. They are up by an average of 49.5% since their bull signals an average of 7.2-weeks ago, annualizing at 356.6%. The bull signals include contrarian VIX, which could be construed as distorting performance. It is up 98.7% since its Apr 27, 2010 bull signal.

The Near-term Indicant is signaling bear for nine indices. They are down by an average of 6.2% since their bear signals an average of 2.9-weeks ago.

The Quick-term Indicant signaled no new bulls and two new bears. These QTI bear signals are the first since last July.

The Quick-term Indicant is signaling bull for nine major indices. They are up by an average of 31.3%, annualizing at 35.7%, since their bull signals an average of 45.6-weeks ago.

The Quick-term Indicant is signaling bear for the Dow Jones Utilities. It is down 1.6% since its bear signal 14.4-weeks ago.

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

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

QTI-Red Bull Count; No non-contrarians; no bullish support.

QTI-Bullish Red Curve Trend; Eleven non-contrarians; still with bullish support, but under threat.

QTI-Yellow Bear Count; Two of the non-contrarians became inflicted with this bearish attribute today. This has increased the probability of extending the bear’s breadth and magnitude. Keep in mind this can also reinvigorate the bull, but that is a much lower probability at this time.

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

The Quick-term Indicant is no longer supportive of the QTI Bull due to the May 20, 2010 QTI bear signals.

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

NTI-Blue Bull Count; Zero non-contrarians; no near-term bullish support.

NTI-Bullish Blue Curve Trend; All non-contrarians sloping negatively; no longer with bullish support.

NTI-Bearish Green Curve Trend; All non-contrarians sloping negatively; there is no non-bearish support.

The Near-term attributes are inflecting with an increasing bias, favoring the bear. Both NTI Bullish Blue and NTI Bearish Green are sloping south and thus solidly bearish on a near-term basis.

Short-term Force Vectors and Pressure Attributes

STI-Force Vector Domain Position; None of the non-contrarians are in bullish domains.

STI-Force Vector Position Relative to Vector Pressure; None of the non-contrarians are above Pressure and not supportive of the bull.

STI-Force Vector Direction; All non-contrarians shifted south. This is perpetuating the ominous configuration that is encouraging to the bear.

STI-Vector Pressure Trend; None of the non-contrarian indices are moving bullishly; no bullish support.

Short-term Market Summary

Short-term attributes are supporting the bear. Vector Pressure is no longer offering bullish hope.

-Tangential Protection – None!

-Political Climate – Congress in session and doing economic damage. International politicians are cut from the same mold; all bearish.

-Reverse Tangential Bearish Detection – We can now monitor this phenomenon, as we are now enjoying a significant Near-term bearish cycle. 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 tour is still being developed, but most of you are now familiar with the Near-term bull/bear cycles as well as the tangential protections and reverse tangential bearish detectors.

Indicant Volume Indicators

May 20, 2010-Thu-Volume was aggressive on the bear’s successful aggressive assault to the bull.

May 19, 2010-Wed-Volume remains supportive to bear’s ambition.

May 18, 2010-Tue-Big board volume was mildly aggressive on bearish aggression, while the NASDAQ is not panicky. Overall volume-related bias continues favoring the bear on a short-term basis.

May 17, 2010-Mon-Average volume on a seesaw day suggests added uncertainty of directional intensity. With that, volume-bias continues favoring the bear.

May 14, 2010-Fri-More aggressive volume on bearish aggression is increasing directional intensity favoring the bear.

Short-term ETF Report Card, Status, and Charts

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

The Near-term Indicant is signaling hold for 6-ETF’s. They are up by an average of 13.2%, annualizing at 32.3%, since their buy signals an average of 21.3-weeks ago.

The NTI is avoiding 19-ETF’s. They are down an average of 5.7% since their sell signals an average of 1.4-weeks ago.

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

The Quick-term Indicant is signaling hold for 21-ETF’s. They are up an average of 24.4% since their buy signals an average of 48.2-weeks ago. Those with hold signals are annualizing at 26.3%.

The Quick-term Indicant is avoiding four ETF’s. They are down by an average of 17.8% since their sell signals an average of 16.1-weeks ago. These avoided ETF’s include contrarian QID, which is down 57.8% since its QTI sell signal on Mar 26, 2009.

Near-term Indicant ETF Key Attributes

NTI Blue Bull Count; zero-non-contrarians; no bullish support.

NTI Blue Curve Trend; zero-non-contrarians are sloping north; reducing bullish support.

NTI Green Bear Potential Count; 27-non-contrarians; there is no near-term non-bearish support.

NTI Green Curve Trend; none of the non-contrarians are sloping north; no non-bearish support.

Quick-term Indicant ETF Key Attributes

QTI Red Bull Count; no non-contrarians; no bullish support.

QTI Bullish Red Curve Trend; majority of 23-sloping north in support of Quick-term Bull.

QTI Yellow Bear Count; eighteen non-contrarian represent a majority, supporting Quick-term non-bearishness. Yesterday’s report erroneously stated there were only two. It should have stated 21. This “hold comfort” attribute is diminishing. It is no longer comfortable. This potential resistance is diminishing and rapidly so.

The Short-term Indicant ETF Key Attributes:

STI Force Vector Direction; none of the non-contrarians are moving bullishly. All shifted back to the south the past three days.

STI Force Vector Position; None of the non-contrarians are populating bullish domains. None are greater than Pressure, offering the bull little help.

Vector Pressure Position; seven non-contrarians in bullish domains; decreasing bullish support. This attribute is a focal point since Pressure remains near zero and has for several weeks. The last bullish cycle did not escape Feb 2010 bearish convergence. This attribute is rapidly deteriorating. That is increasing threats to the remaining Near-term hold signals.

Vector Pressure Trend; none of the non-contrarians are moving north; no bullish support. A sustainable bearish threat will occur if pressure falls into bearish domains.

Short-term Summary: Most attributes are supporting the Short-term Bear. Vector Pressure is on the verge of not offering any bullish support. It is not yet strongly supporting the bear, but configuring to do so in a few days.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell on May 7, 2010. It is down 5.1% since that sell signal. The Quick-term Indicant signaled sell today, as its price fell below QTI Bearish yellow curve.

ETF#11-Gold and Precious Metals is up 43.6% since the QTI signaled buy on December 11, 2008. Annualized growth is at 29.9%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $103.21 and still rising.

The Near-term Indicant signaled buy on Mar 2, 2010. It is up 4.3% since that buy signal, annualizing at 19.8%.

It fell below NTI Blue on May 19, 2010, but not threatening to the hold signal; just cooling off a bit.

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

ETF#14-TLT-Long Government received a buy signal from both the Near-term and Quick-term Indicant models on Apr 27, 2010. It is up 7.9% since those buy signals, annualizing at 123.3%. This ETF is increasing its bullish attributes. It is usually contrarian to the overall stock market, which adds to an increased overall stock market bearishness prognosis.

The Near-term Indicant signaled buy for ETF#31-QID on Thursday, May 13, 2010. It is up 15.6% since then, annualizing at 801.1%. Of course, that annualized number is based on its performance after only a few trading days since the buy signal.

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 57.8% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $21.06 and still falling. It rate of decline is slowing.

Major ETF Events

May 20, 2010-Thu-Aggressive bearish behavior, coupled with a volume surge, is solidly bearish. Also some major indices and several ETF’s fell below bearish yellow today.

May 19, 2010-Wed-There are more NTI sell signals. Other than that, the bear remains energized. It does not yet have complete breadth.

May 17, 2010-Mon-There were two more sell signals.

Current Strategy-Short-term Indicant- May 20, 2010-Same! May 19, 2010-Wed-The bear continues gaining momentum. May 18, 2010-Tue-Bearish bias increasing. Force Vectors are dipping south. This is an ominous configuration that should be inspirational to the bear. May 17, 2010-Mon-Configurations continue inflecting with non-bullish configurations with a bit more bias favoring the bear. Vector Pressure never escaped last February’s bearish behavior. They are teetering where the bull and bear engage in significant battles.

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

05/20/10

May 19, 2010 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

Force Vectors are shifting south. They were anemic in their attempt to cross back into bullish domains. That, coupled with declining Near-term curves, is inspirational to bearish ambition.

As stated last week, bias strongly favors the bear based on volume relationships, the VIX’s profoundly strong Force Vector, and TLT’s continued bullishness.

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

The Near-term Indicant signaled no new bulls and one new bear.

The Near-term Indicant is signaling bull for four major indices. They are up by an average of 16.3% since their bull signals an average of 9.0-weeks ago, annualizing at 93.7%. The bull signals include contrarian VIX, which could be construed as distorting performance. It is up 53.2% since its Apr 27, 2010 bull signal.

The Near-term Indicant is signaling bear for seven indices. They are down by an average of 2.8% since their bear signals an average of 3.1-weeks ago.

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

The Quick-term Indicant is signaling bull for 11-major indices. They are up by an average of 27.1%, annualizing at 31.5%, since their bull signals an average of 44.8-weeks ago.

The Quick-term Indicant is signaling bear for the Dow Jones Utilities. It is up 1.6% since its bear signal 14.3-weeks ago.

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

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

QTI-Red Bull Count; No non-contrarians; no bullish support.

QTI-Bullish Red Curve Trend; Eleven non-contrarians; still with bullish support, but under threat.

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

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

The Quick-term Indicant remains supportive of the QTI Bull. It will continue doing so until the indices interact with bearish yellow.

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

NTI-Blue Bull Count; Zero non-contrarians; no near-term bullish support.

NTI-Bullish Blue Curve Trend; All non-contrarians sloping negatively; no longer with bullish support.

NTI-Bearish Green Curve Trend; All non-contrarians sloping negatively; there is no non-bearish support.

The Near-term attributes are inflecting with an increasing bias, favoring the bear. Both NTI Bullish Blue and NTI Bearish Green are sloping south and thus solidly bearish on a near-term basis.

Short-term Force Vectors and Pressure Attributes

STI-Force Vector Domain Position; None of the non-contrarians are in bullish domains.

STI-Force Vector Position Relative to Vector Pressure; None of the non-contrarians are above Pressure and not supportive of the bull.

STI-Force Vector Direction; All non-contrarians shifted south. This is perpetuating the ominous configuration that is encouraging to the bear.

STI-Vector Pressure Trend; None of the non-contrarian indices are moving bullishly; no bullish support.

Short-term Market Summary

Short-term attributes are supporting the bear. Vector Pressure is the current remaining hope for the bull and it is under assault by the bear. Pressure is succumbing to bearish weight. The S&P100 and NYSE Vector Pressures are in bearish domains. That is inspirational to the bear.

-Tangential Protection – The Dow Transports and S&P600 have tangential protection. Tangential protection, once formed, helps avoid the pitfalls of fluttering behavior. The S&P400 lost this protection on May 10, 2010. The Dow Composites lost this protect on May 18, 2010. The NASDAQ lost it today.

-Political Climate – International political behavior will confuse markets for a period.

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

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

Indicant Volume Indicators

May 19, 2010-Wed-Volume remains supportive to bear’s ambition.

May 18, 2010-Tue-Big board volume was mildly aggressive on bearish aggression, while the NASDAQ is not panicky. Overall volume-related bias continues favoring the bear on a short-term basis.

May 17, 2010-Mon-Average volume on a seesaw day suggests added uncertainty of directional intensity. With that, volume-bias continues favoring the bear.

May 14, 2010-Fri-More aggressive volume on bearish aggression is increasing directional intensity favoring the bear.

Short-term ETF Report Card, Status, and Charts

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

The Near-term Indicant is signaling hold for 12-ETF’s. They are up by an average of 9.1%, annualizing at 29.3%, since their buy signals an average of 16.2-weeks ago.

The NTI is avoiding 17-ETF’s. They are down an average of 2.2% 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 27-ETF’s. They are up an average of 26.6% since their buy signals an average of 47.6-weeks ago. Those with hold signals are annualizing at 29.0%.

The Quick-term Indicant is avoiding three ETF’s. They are down by an average of 15.8% since their sell signals an average of 15.9-weeks ago. These avoided ETF’s include contrarian QID, which is down 60.7% since its QTI sell signal on Mar 26, 2009.

Near-term Indicant ETF Key Attributes

NTI Blue Bull Count; zero-non-contrarians; no bullish support.

NTI Blue Curve Trend; seven-non-contrarians are sloping north; reducing bullish support.

NTI Green Bear Potential Count; 20-non-contrarians; there is limited near-term non-bearish support.

NTI Green Curve Trend; none of the non-contrarians are sloping north; no non-bearish support.

Quick-term Indicant ETF Key Attributes

QTI Red Bull Count; One non-contrarian; severely decreasing bullish support.

QTI Bullish Red Curve Trend; majority of 24-sloping north in support of Quick-term Bull.

QTI Yellow Bear Count; two non-contrarian represents a majority, supporting Quick-term non-bearishness. This is a potential source of resistance to bearish aggression, but the second yellow bear was born on May 18, 2010. This resistance is breaking down, offering bearish inspiration.

QTI Bearish Yellow Curve Trend; 24-sloping north, highlighting non-bearishness along a slower moving plane. This non-bullish attribute is under a mixed bearish threat. Several ETF’s remain safe from the bear’s threat.

The Short-term Indicant ETF Key Attributes:

STI Force Vector Direction; none of the non-contrarians are moving bullishly. All shifted back to the south the past two days.

STI Force Vector Position; None of the non-contrarians are populating bullish domains. None are greater than Pressure, offering the bull little help.

Vector Pressure Position; 13-non-contrarians in bullish domains; decreasing bullish support. This attribute is a focal point since Pressure remains near zero and has for several weeks. The last bullish cycle did not escape Feb 2010 bearish convergence. This attribute is rapidly deteriorating. That is increasing threats to the remaining Near-term hold signals.

Vector Pressure Trend; only one non-contrarian is moving north; no bullish support. A sustainable bearish threat will occur if pressure falls into bearish domains.

Short-term Summary: Most attributes have discontinued supporting the Short-term Bull. The only attribute supporting the short-term cycle is Vector Pressure. It is weakening in that support.

Contrarian Funds

ETF#03-Natural Resources. The Near-term Indicant signaled sell on May 7, 2010. It is down 0.7% since that sell signal. The Quick-term Indicant signaled buy on August 3, 2009. It is up 6.2% since that buy signal, annualizing at 7.7%.

Pressure remains in bearish domains. Force is moving bearishly in bearish domains. There is an increased likelihood it will be avoided for several more months with these configurations.

The Quick-term Indicant will signal sell only after the price drops below QTI Yellow Curve with assistance from other attributes. As you can see, that threat is nearing.

ETF#11-Gold and Precious Metals is up 44.6% since the QTI signaled buy on December 11, 2008. Annualized growth is at 30.6%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $103.09 and still rising.

The Near-term Indicant signaled buy on Mar 2, 2010. It is up 5.1% since that buy signal, annualizing at 23.3%.

It fell below NTI Blue today, but not threatening to the hold signal; just cooling off a bit.

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

ETF#14-TLT-Long Government received a buy signal from both the Near-term and Quick-term Indicant models on Apr 27, 2010. It is up 5.6% since those buy signals, annualizing at 92.4%. This ETF is increasing its bullish attributes. It is usually contrarian to the overall stock market, which adds to an increased overall stock market bearishness prognosis.

It is also a NTI Blue Bull and a QTI Red Bull after several months of languishing with a bearish trend. Also, Pressure is positive, which adds bullish fervor to this ETF. As expected, this fund has been non-bearish.

The Near-term Indicant signaled buy for ETF#31-QID on Thursday, May 13, 2010. It is up 7.7% since then, annualizing at 459.6%. Of course, that annualized number is based on its performance after only a few trading days since the buy signal.

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 60.7% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $21.12 and still falling. It rate of decline is slowing.

Major ETF Events

May 19, 2010-Wed-There are more NTI sell signals. Other than that, the bear remains energized. It does not yet have complete breadth.

May 17, 2010-Mon-There were two more sell signals.

Current Strategy-Short-term Indicant- May 19, 2010-Wed-The bear continues gaining momentum. May 18, 2010-Tue-Bearish bias increasing. Force Vectors are dipping south. This is an ominous configuration that should be inspirational to the bear. May 17, 2010-Mon-Configurations continue inflecting with non-bullish configurations with a bit more bias favoring the bear. Vector Pressure never escaped last February’s bearish behavior. They are teetering where the bull and bear engage in significant battles.

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

05/19/10

May 18, 2010 Indicant Daily Stock Market Report

Volume 05, Issue 12 ISSN 1526 6516 QT/ST

Short-term Indicant Stock Market Report - Summary

Force Vectors are shifting south. They were anemic in their attempt to cross back into bullish domains. That, coupled with declining Near-term curves, is inspirational to bearish ambition.

As stated last week, bias strongly favors the bear based on volume relationships, the VIX’s profoundly strong Force Vector, and TLT’s continued bullishness.

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

The Near-term Indicant signaled no new bulls and one new bear.

The Near-term Indicant is signaling bull for five major indices. They are up by an average of 12.4% since their bull signals an average of 9.3-weeks ago, annualizing at 69.3%. The bull signals include contrarian VIX, which could be construed as distorting performance. It is up 45.6% since its Apr 27, 2010 bull signal.

The Near-term Indicant is signaling bear for six indices. They are down by an average of 2.5% since their bear signals an average of 3.5-weeks ago.

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

The Quick-term Indicant is signaling bull for 11-major indices. They are up by an average of 27.3%, annualizing at 31.8%, since their bull signals an average of 44.7-weeks ago.

The Quick-term Indicant is signaling bear for the Dow Jones Utilities. It is up 2.7% since its bear signal 14.1-weeks ago.