October Quick-term and Short-term Indicant Updates

Oct 31, 2007 Indicant Daily Stock Market Report

Volume 10, Issue 22 Supplement B, ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Today's Report

Quick/Short-term Indicant Stock Market Report - Summary

Quick-term Red Bulls: Twenty of thirty; bullish bias holding.

Quick-term Yellow Bears/Threats: Two; increasing non-bearish support.

Quick-term Non-Bearishness: Strong; inflationary fears threaten the bull, but the slightest inflationary weakness will invite vigorous bullish responses.

Short-term Non-Bearishness: Strong. The July-August bearish threat expired on Monday, September 17, 2007. The Heart and Soul of bullish seasonality began on that day. On October 17 and October 19, the market reacted bearishly to the upper trading range limits. Although resistance to bullish desires are obvious, consider this phenomenon as a bearish spurt in the face of the underlying bullish trend.

Force Vectors: Configurations continue supporting bullish bias.

Vector Pressure: Twenty-two in bullish domains with near-unanimous support for bullish bias.

Long-term Hold Positions: Safe.

Immediate Tactics: Hold. The bull is maintaining dominance. Bearish aggression has been stifled.

Current Quick-term Bias: Bullish.

Overall (Long-term) Market Status: Bullish bias prevailing.

Profit Potential from Naked Options: Probability of increased volatility is increasing.

Volume: Configurations are supporting bullish bias.

Comment from September 17, 2007

Configurations are shifting away from bearish support………….

Observation on September 18, 2007. The Dow’s 335-point gain today (9/18/07) is not jittery behavior. It is not a bullish spurt. It reflects the beginning of the heart and soul of bullish seasonality. Enjoy!

October 19, 2007 Addendum. Recent bearish aggression is configured as a spurt in the face of the underlying bull at this time. Several attributes will advise if this bearish aggression is sustainable. Current configurations suggest it is not sustainable. Keep in mind these attributes can shift quickly.

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

The Dow is up 1.4% and the NASDAQ is up 7.8% since the Short-term Indicant signaled bull on September 18, 2007. The heart and soul of bullish seasonality should dominate for several months. Recent bearish expressions should not detract from this bullish theme with the underlying configurations.

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

Both Indicant Volume Indicator’s continue moving robustly. Robust volume on bullish behavior today dampened bearish ambition. None of the attributes and configurations support sustainable bearish behavior.

As stated the last several days, you can see from the charts, the upper trading range limit resisted the bull’s desire to expand its dominance. The trend, though, remains bullish. Recent buys may be in danger of short-term loss positions due to bearish aggression. If near-term bearish bias prevails, the next major monitoring would be how much the bearish yellow curve resists bearish desires. Please read on.

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

There were no buy signals and no sell signals. Although there were no buy signals, the SQI is signaling hold for 28-ETF’s. They are up by an average of 86.4% (annualized at 36.5%) since their respective buy signals an average of 121.7-weeks ago. Although there were no sell signals, the SQI is avoiding two ETF’s at this time. They are up an average of 3.4% since their sell signals an average of 1.7-weeks ago.

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

Short-term Indicant Report Card, Status, and Charts

There were no buy signals and no sell signals. Although there were no buy signals, the Short-term Indicant is signaling hold for 28-ETF’s. They are up an average of 94.0% (annualized 40.8%) since the STI signaled, buy, an average of 118.4-weeks ago. Although there were no sell signals, there are two ETF’s with avoid signals. They are up an average of 3.4% since their sell signals an average of 1.7-weeks ago.

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

Quick-term Report Card, Status, and Charts

There were no buy signals and no sell signals. Although there were no buy signals, the Quick-term Indicant is signaling hold for 27-ETF’s. They are up by an average of 24.8% (annualized at 35.9%) since the QTI signaled buy an average of 35.5-weeks ago. Although there were no sell signals, the Quick-term Indicant is avoiding three ETF’s at this time. They are up an average of 3.5% since their sell signals an average of 1.7-weeks ago.

The Quick-term Indicant is yet more active with buy and sell signals.

Conflicts Between the Short-term and Quick-term Indicants

There is one conflict, whereby the Short-term Indicant and the Quick-term Indicant are in disagreement between hold and avoid status. This attribute continues supporting the Quick-term bullish bias shift since August 15, 2006.

Quick-term Indicant Bull/Bear Health Report

Two of the 30-ETF’s are below their respective bearish yellow curves. The average relative position of all thirty ETF’s is above bearish yellow by 12.3%. This attribute is providing non-bearish support. Although not as strongly supportive in the recent past, configurations are suggesting increasing support of bullish bias.

Twenty of the ETF’s are above their respective bullish red curves, which is supportive of the bullish bias. All thirty ETF average positions are 3.3% above their bullish red curves. This supports bullish bias and improving in that support.

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

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

Nine of the thirty ETF’s are contacting their breakout lines. As stated the past several months, the high concentration of breakout-contact since August 2006 was solidly bullish. Contact in thirty-seven of the last forty-one trading days supports bullish bias. Non contact in three of the last nine trading days suggested the upper trading range limit successfully resisted bullish desires, but future interactions are suggesting the bull will overpower this constraint.

The average distance from breakout contact is a mere 3.0%. This remains in support of the quick-term bullish bias.

None of the ETF’s are contacting breakdown lines, providing non-bearish support.

The average distance from the price and breakdown is 23.8%. This configuration provides non-bearish support, which has been the case since March 2003.

ETF Force Vector Configurations

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

Twenty-nine Force Vectors are moving bullishly. This continues supporting bullish bias.

Consider bearish expressions as mere spurts in the face of underlying bullish bias, which will offer more buying and call-option opportunities. Recent bearish aggression is a spurt.

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

ETF Force Vectors/Vector Pressure Crossings/Option Signals

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

Click this sentence for Vector Pressure Option Signals. There were no option buy signals after Wednesday’s close. The seventeen call option buy signals from last Friday through last Wednesday were not supported by deep bearish expressions between those signals and today’s solid bullish bounce. The market’s bullish behavior shortly after those call option buy signals were not friendly to your discounted offers. Tuesday’s bearishness was too minor for discounted price offers to transact.

Twenty-two ETF Vector Pressures remain in bullish domains. This is providing near-unanimous and convergent bullish support.

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

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

Quick-term and Short-term Indicant Summary

The shift from bearish bias to bullish bias started on Tuesday, August 15, 2006 after maintaining a bearish bias from early February 2006 until August 15, 2006.

Message from Monday, September 17, 2007. The market is configuring nicely in support of the impending heart and soul of bullish seasonality.

Message from September 17, 2007. It is recommended to avoid writing covered call options due to increased probability of quick-term and short-term bullishness. Modified on September 24, 2007. Vector Pressure is again positive (bullish) and not configured favorably for writing covered call options.

October 16, 2007 addendum: The market is nervous about inflationary pressures. This is a valid fundamental concern that can invite long-term bearishness. The stock market will not tolerate high rates of inflation; nor high interest rates.

October 17, 2007 addendum: You will notice the major indices are near their upper limit of the trading range. That does not mean bearish dominance is about to occur. If it does occur, your longer-term hold positions should be maintained until the major indices approach the lower limit of the trading range. Do not overreact to bearish threats; consider them as mere spurts in the face of the underlying bull.

The Quick-term Bull remains in tact.

ProFunds Ultra Short mutual fund moves inversely to the QQQQ by exponential amounts. The Consolidated Indicant model is not avoiding QQQQ, which does not support holding contrarian fund, ProFunds Ultra Short.

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

Quick-term ETF Options

Quick-term Indicant for ETF’s

Short-term Indicant for ETF’s

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

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

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

Short-term Indicant for DJIA and NASDAQ

Short-term Indicant Tables for the Dow Jones Industrial Average Index

Short-term Indicant Table for the NASDAQ Composite Index

Indicant Volume Indicator

Happy Investing,

Indicant.Net

www.indicant.Net

10/30/07

Oct 30, 2007 Indicant Daily Stock Market Report

Volume 10, Issue 21 Supplement B, ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Today's Report

Quick/Short-term Indicant Stock Market Report - Summary

Quick-term Red Bulls: Sixteen of thirty; bullish bias holding.

Quick-term Yellow Bears/Threats: Four; retaining non-bearish support, but also weakened.

Quick-term Non-Bearishness: Strong; inflationary fears threaten the bull, but the slightest inflationary weakness will invite vigorous bullish responses.

Force Vectors: Configurations continue supporting bullish bias.

Vector Pressure: Twenty-two in bullish domains with near-unanimous support for bullish bias.

Long-term Hold Positions: Safe.

Immediate Tactics: Hold. The bull is maintaining dominance, even in the face of recent bearish aggression.

Current Quick-term Bias: Bullish with near-term weakness.

Overall (Long-term) Market Status: Bullish bias prevailing, but weakened.

Profit Potential from Naked Options: Probability of increased volatility is increasing.

Volume: Configurations are supporting bullish bias.

Comment from September 17, 2007

Configurations are shifting away from bearish support………….

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

The Dow is up 0.4% and the NASDAQ is up 6.2% since the Short-term Indicant signaled bull on September 18, 2007. The heart and soul of bullish seasonality should dominate for several months. Recent bearish expressions should not detract from this bullish theme with the underlying configurations.

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

Both Indicant Volume Indicator’s continue moving robustly. This configuration is accompanied with mixed market behavior with a slight bearish flavor. This will tame the bull somewhat. Again, none of the attributes and configurations support sustainable bearish behavior.

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

There were no buy signals and no sell signals. Although there were no buy signals, the SQI is signaling hold for 28-ETF’s. They are up by an average of 83.3% (annualized at 35.3%) since their respective buy signals an average of 121.6-weeks ago. Although there were no sell signals, the SQI is avoiding two ETF’s at this time. They are up an average of 2.4% since their sell signals an average of 1.6-weeks ago.

Short-term Indicant Report Card, Status, and Charts

There were no buy signals and no sell signals. Although there were no buy signals, the Short-term Indicant is signaling hold for 28-ETF’s. They are up an average of 90.7% (annualized 39.5%) since the STI signaled, buy, an average of 118.3-weeks ago. Although there were no sell signals, there are two ETF’s with avoid signals. They are up an average of 2.4% since their sell signals an average of 1.6-weeks ago.

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

Quick-term Report Card, Status, and Charts

There were no buy signals and no sell signals. Although there were no buy signals, the Quick-term Indicant is signaling hold for 27-ETF’s. They are up by an average of 23.1% (annualized at 35.5%) since the QTI signaled buy an average of 35.4-weeks ago. Although there were no sell signals, the Quick-term Indicant is avoiding three ETF’s at this time. They are up an average of 2.3% since their sell signals an average of 1.6-weeks ago.

The Quick-term Indicant is yet more active with buy and sell signals.

Conflicts Between the Short-term and Quick-term Indicants

There is one conflict, whereby the Short-term Indicant and the Quick-term Indicant are in disagreement between hold and avoid status. Although complete harmony was lost on bearishness the past two weeks, this attribute continues supporting the Quick-term bullish bias shift since August 15, 2006.

Quick-term Indicant Bull/Bear Health Report

Three of the 30-ETF’s are below their respective bearish yellow curves. The average relative position of all thirty ETF’s is above bearish yellow by 10.9%. This attribute is providing non-bearish support, but not as strongly as in the recent past.

Sixteen of the ETF’s are above their respective bullish red curves, which is supportive of the bullish bias. All thirty ETF average positions are 2.0% above their bullish red curves. This supports bullish bias, although weakened recently.

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

Two of the thirty ETF’s are contacting their breakout lines. As stated the past several months, the high concentration of breakout-contact since August 2006 was solidly bullish. Contact in thirty-six of the last forty trading days supports bullish bias. Non contact in three of the last eight trading days suggested the upper trading range limit successfully resisted bullish desires.

The average distance from breakout contact is 4.0%. This remains in support of the quick-term bullish bias.

None of the ETF’s are contacting breakdown lines, providing non-bearish support.

The average distance from the price and breakdown is 22.1%. This configuration provides non-bearish support, which has been the case since March 2003.

ETF Force Vector Configurations

Twenty-nine Force Vectors are moving bullishly. This continues supporting bullish bias.

Consider bearish expressions as mere spurts in the face of underlying bullish bias, which will offer more buying and call-option opportunities. Recent bearish aggression is a spurt.

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

ETF Force Vectors/Vector Pressure Crossings/Option Signals

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

Click this sentence for Vector Pressure Option Signals. There was one call option buy signal after Tuesday’s close. This brings the total to seventeen call option buy signals the past three trading days. The market’s bullish behavior on Monday was not friendly to your discounted offers. Tuesday’s bear market, although mild, offers minor support for Monday call option buy signals.

Twenty-two ETF Vector Pressures remain in bullish domains. This is providing near-unanimous and convergent bullish support.

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

Quick-term and Short-term Indicant Summary

The shift from bearish bias to bullish bias started on Tuesday, August 15, 2006 after maintaining a bearish bias from early February 2006 until August 15, 2006.

Message from Monday, September 17, 2007. The market is configuring nicely in support of the impending heart and soul of bullish seasonality.

The Quick-term Bull remains in tact.

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

Quick-term ETF Options

Quick-term Indicant for ETF’s

Short-term Indicant for ETF’s

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

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

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

Short-term Indicant for DJIA and NASDAQ

Short-term Indicant Tables for the Dow Jones Industrial Average Index

Short-term Indicant Table for the NASDAQ Composite Index

Indicant Volume Indicator

Happy Investing,

Indicant.Net

www.indicant.Net

10/30/07

Oct 29, 2007 Indicant Daily Stock Market Report

Volume 10, Issue 20 Supplement B, ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Today's Report

Quick/Short-term Indicant Stock Market Report - Summary

Quick-term Red Bulls: Twenty-two of thirty; bullish bias holding.

Quick-term Yellow Bears/Threats: Three; retaining non-bearish support, but also weakened.

Quick-term Non-Bearishness: Strong; inflationary fears threaten the bull, but the slightest inflationary weakness will invite vigorous bullish responses.

Force Vectors: Configurations continue supporting bullish bias.

Vector Pressure: Twenty-two in bullish domains with near-unanimous support for bullish bias.

Long-term Hold Positions: Safe.

Immediate Tactics: Hold. The bull is maintaining dominance, even in the face of recent bearish aggression.

Current Quick-term Bias: Bullish with near-term weakness.

Overall (Long-term) Market Status: Bullish bias prevailing, but weakened.

Profit Potential from Naked Options: Probability of increased volatility is increasing.

Volume: Configurations are supporting bullish bias.

Comment from September 17, 2007

Configurations are shifting away from bearish support………….

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

The Dow is up 1.0% and the NASDAQ is up 6.3% since the Short-term Indicant signaled bull on September 18, 2007. The heart and soul of bullish seasonality should dominate for several months. Recent bearish expressions should not detract from this bullish theme with the underlying configurations.

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

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

There were no buy signals and no sell signals. Although there were no buy signals, the SQI is signaling hold for 28-ETF’s. They are up by an average of 85.4% (annualized at 36.2%) since their respective buy signals an average of 121.4-weeks ago. Although there were no sell signals, the SQI is avoiding two ETF’s at this time. They are up an average of 3.5% since their sell signals an average of 1.4-weeks ago.

Short-term Indicant Report Card, Status, and Charts

There were no buy signals and no sell signals. Although there were no buy signals, the Short-term Indicant is signaling hold for 28-ETF’s. They are up an average of 92.9% (annualized 40.5%) since the STI signaled, buy, an average of 118.1-weeks ago. Although there were no sell signals, there are two ETF’s with avoid signals. They are up an average of 3.5% since their sell signals an average of 1.4-weeks ago.

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

Quick-term Report Card, Status, and Charts

There were no buy signals and no sell signals. Although there were no buy signals, the Quick-term Indicant is signaling hold for 27-ETF’s. They are up by an average of 24.2% (annualized at 35.4%) since the QTI signaled buy an average of 35.2-weeks ago. Although there were no sell signals, the Quick-term Indicant is avoiding three ETF’s at this time. They are up an average of 3.4% since their sell signals an average of 1.4-weeks ago.

The Quick-term Indicant is yet more active with buy and sell signals.

Conflicts Between the Short-term and Quick-term Indicants

Quick-term Indicant Bull/Bear Health Report

Three of the 30-ETF’s are below their respective bearish yellow curves. The average relative position of all thirty ETF’s is above bearish yellow by 12.0%. This attribute is providing non-bearish support, but not as strongly as in the recent past.

Twenty-one of the ETF’s are above their respective bullish red curves, which is supportive of the bullish bias. All thirty ETF average positions are 3.0% above their bullish red curves. This supports bullish bias, although weakened recently.

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

Nine of the thirty ETF’s are contacting their breakout lines. As stated the past several months, the high concentration of breakout-contact since August 2006 was solidly bullish. Contact in thirty-five of the last thirty-nine trading days supports bullish bias. Non contact in three of the last seven trading days suggested the upper trading range limit successfully resisted bullish desires.

The average distance from breakout contact is 3.2%. This remains in support of the quick-term bullish bias.

None of the ETF’s are contacting breakdown lines, providing non-bearish support.

The average distance from the price and breakdown is 23.3%. This configuration provides non-bearish support, which has been the case since March 2003.

ETF Force Vector Configurations

Twenty-nine Force Vectors are moving bullishly. This continues supporting bullish bias.

Consider bearish expressions as mere spurts in the face of underlying bullish bias, which will offer more buying and call-option opportunities. Recent bearish aggression is a spurt.

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

ETF Force Vectors/Vector Pressure Crossings/Option Signals

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

Click this sentence for Vector Pressure Option Signals. There were six call option buy signals after Monday’s close. This brings the total to sixteen call option buy signals the past two trading days. The market’s bullish behavior on Monday was not friendly to your discounted offers.

Twenty-two ETF Vector Pressures remain in bullish domains. Although down by six from last Monday, this is providing near-unanimous and convergent bullish support. This is also highlighting resistance to bullish ambition.

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

Quick-term and Short-term Indicant Summary

The shift from bearish bias to bullish bias started on Tuesday, August 15, 2006 after maintaining a bearish bias from early February 2006 until August 15, 2006.

Message from Monday, September 17, 2007. The market is configuring nicely in support of the impending heart and soul of bullish seasonality.

The Quick-term Bull remains in tact.

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

Quick-term ETF Options

Quick-term Indicant for ETF’s

Short-term Indicant for ETF’s

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

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

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

Short-term Indicant for DJIA and NASDAQ

Short-term Indicant Tables for the Dow Jones Industrial Average Index

Short-term Indicant Table for the NASDAQ Composite Index

Indicant Volume Indicator

Happy Investing,

Indicant.Net

www.indicant.Net

10/29/07

Oct 26, 2007 Indicant Daily Stock Market Report

Volume 10, Issue 19 Supplement B, ISSN 1526 6516 QT/ST

Today's Report

Quick/Short-term Indicant Stock Market Report - Summary

Quick-term Red Bulls: Nineteen of thirty; bullish bias holding.

Quick-term Yellow Bears/Threats: Two; retaining non-bearish support, but also weakened.

Quick-term Non-Bearishness: Strong; inflationary fears threaten the bull, but the slightest inflationary weakness will invite vigorous bullish responses.

Force Vectors: Configurations continue supporting bullish bias.

Vector Pressure: Twenty-two in bullish domains with near-unanimous support for bullish bias.

Long-term Hold Positions: Safe.

Immediate Tactics: Hold. The bull is maintaining dominance, even in the face of recent bearish aggression.

Current Quick-term Bias: Bullish with near-term weakness.

Overall (Long-term) Market Status: Bullish bias prevailing, but weakened.

Profit Potential from Naked Options: Probability of increased volatility is increasing.

Volume: Configurations are supporting bullish bias.