September Quick-term and Short-term Indicant Updates

Click here to see the current month's daily reports.

This year's daily updates will be available here at month's end.

Sep 30, 2009 Indicant Daily Stock Market Report

Volume 9, Issue 21 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Today's Report

Short-term Indicant Stock Market Report - Summary

Overall configurations continue suggesting the bear cannot dominate at this time. Some indications of bullish fatigue continue with their assertions. Flatness to mild bearishness the past two days has demonstrated this. However, several Force Vectors are bearishly mature, suggesting additional bullishness in the next day or two.

The Near-term Bull is 29-weeks old. The average Near-term life cycles approximate 10-14-weeks. This does not mean they are always followed by a reversal cycle. Extended inflections can occur for several days or even weeks ahead of a renewed Near-term bull or bear cycle. This bull demonstrated dynamic responses to the bear’s influence in mid-July. If the bear does not demonstrate equal or greater magnitude in responses, this Near-term Bull will delay its expiration. So far, the bear has been silent in its responses to bullish expressions.

Current configurations had been offering very little encouragement to the bear at this time. However, the bear may find some encouragement with the collapse of ETF#06-EWJ’s (Chart)

NTI Bullish Blue Curve on Sep 29, 2009. It lost its QTI Red Bull status today. It is the only non-contrarian ETF with this bearish configuration. In essence there is not enough bearish synergy to signal sell for this ETF at this time.

Bullishness remains fundamental. Alternative investments, such as CD’s, money markets, etc. cannot earn enough to exceed even the mildest inflation. Interest rates should remain low until inflation gets out of hand. Also, Congress is stalemated, which is bullish, but threatened last Thursday with Senator Kennedy’s announced replacement. However, a stalemated Congress and low interest rates remain as two powerful fundamentals favoring continued bullishness.

Quick-term Red Bulls are not to be argued with. Until Quick-term Red Bulls expire, this bull should be considered a thoroughbred, which is increasingly obvious. This is supported on a near-term basis as Near-term Blue Bulls continue in their support. The Near-term Blue Bulls are in a bit of trouble, but nowhere near being overcome by Near-term Bears.

As stated last week, do not be surprised at continuing non-bullishness in the next few days. However, there remains no significant bearish threat on the immediate horizon. The bull will most likely rest until Congressional recess and then resume dynamic behavior as long as long as Congress is stalled. The slightest hint of Congressional synergy with the executive branch will excite and stimulate the bear.

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

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

Contrarian VIX is the lone Near-term Bear. It is up 9.7% since the bear signal 2.9-weeks ago.

The remaining eleven major indices are up by an average of 19.9%, annualizing at 61.9%, since the NTI signaled bull an average of 16.7-weeks ago.

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

Although there were no new bull signals, the Quick-term Indicant is signaling bull for 11-major indices. They are up 13.9%, annualizing at 45.3%, since their bull signals an average of 16.0-weeks ago.

The lone bear, VIX, is down 28.1% since its bear signal 23.9-weeks ago. It will not receive a Quick-term Bull signal until it crosses above bearish yellow curve.

On-going attribute watch for major indices: Biases are dated at the time of observation. The next sentence advises of conditions and indicators each day, unless they are also dated.

QTI Red Bull Status-Jul 27, 2009-Bullish bias. Eleven of 11-non-contrarian indices are red bulls.

QTI Yellow Bear Status-Jul 23, 2009-Non-bearish bias. There are no non-contrarian yellow bears. VIX is a yellow bear.

-NTI Blue Bull Status-Sep30, 2009-Neutral bias. Five of 11-non-contrarian indices are blue bulls. Lost four blue bulls today, but non-threatening. Dow Transports remains the weakest.

-NTI Green Bear Status-Sep 2, 2009-Non-bearish bias. All 11-major non-contrarian indices are above bearish green and thus non-bearish. The VIX threat, expiring Sep 11, 2009, is again emerging. It will be interesting if Vector Pressure acts as a ceiling to any of its bullish ambition. Sep 28, 2009-VIX was indeed bearish today, but its Force Vector did not pierce Vector Pressure. The threat remains.

-NTI Blue Bull Direction-Jul 22, 2009-Bullish bias. Eleven of eleven non-contrarians are directionally bullish. Sep 21, 2009-VIX Blue started elevating, which is mildly threatening to the overall bullish stock market.

-NTI Green Bear Direction – Jul 30, 2009-Non-bearish bias. Eleven of eleven non-contrarian are directionally non-bearish. VIX remains in decline but teetering on rebounding.

-STI Force Vector Position- Sep 11, 2009-Neutral bias. None are in bullish domains and only one above Vector Pressure. They are bearishly mature, suggesting a non-bearish position. Sep 29, 2009 Dow Transports now in bearish domains. VIX Force Vector crossed into bullish domains. It will be interesting to monitor its level of comfort there. If comfortable, the bear may be inspired to attack. Sep 30, 2009-VIX was bullish on today’s flat market, suggesting some comfort. However its Force Vector cycle is mature, which suggests its non-bullishness.

-STI Force Vector Direction – Sep 23, 2009-Mild Bearish Bias. Sep 24, 2009-The lazy decline shifted a bit more sharply last Thursday; most likely due to a U.S. Congressional replacement to Senator Kennedy.

-Vector Pressure Position- Jul 23, 2009-Bullish bias. Eleven of 11-non-contrarian in bullish domains and thus very supportive of the bull. Although bull is tiring, its strength continues to exceed that of the bear’s.

-Vector Pressure Direction- Sep 28, 2009-Minor bearish bias. All 11-non-contrarian sloping south, but not significant yet.

-Short-term Trend Sensitive Attributes

QTI-Bullish Red Curve-Bullish unanimity with 11 of 11 Non-contrarian indices in bullish trend.

QTI-Bearish Yellow Curve-Non-bearish unanimity with 11 of 11 Non-contrarian indices in non-bearish trend

NTI-Bullish Blue Curve- Bullish unanimity with 11 of 11 Non-contrarian indices in bullish trend; Contrarian VIX NTI Blue also sloping bullishly, conflicting with overall market.

NTI-Bearish Green Curve- Non-bearish unanimity with 11 of 11 Non-contrarian indices in bullish trend.

STI-Vector Pressure-Bullish unanimity no longer exists with none of 11-non-contrarian indices in bullish trend.

Short-term Summary-Declining Vector Pressure is a source of inspiration of the bear, but so far, each expression thereof has been smacked by the bull.

-Near-term Directional Intensity - Jul 30, 2009-Bullish unanimity remains with all NTI Bullish Blue and Bearish Green rising.

-Tangential Protection – Sep 1, 2009-Mon-Protection lines were constructed for Dow Transports, Dow Utilities, NASDAQ100, S&P400, and S&P600. These indices will not receive a Near-term bear signal until they fall below those tangential protection lines. The other indices will most likely receive bear signals when they fall below their NTI Green Curves with negatively sloping Vector Pressure. Near-term bear synergy cannot manifest until all indices are receiving a Near-term Bear signal.

-Reverse Tangential Bearish Detection - Although the current Near-term Bull has not yet expired, the following observations still holds true. The timing is unknown, but there is 100% confidence the indices and ETF’s will fall to those prices noted in the below link. (Note: You should not worry about this or consider this until you see the indices and ETF’s fall below the various attributes, such as the bearish yellow or green curves. The market can climb to significant magnitudes before the execution of this phenomenon).

-Political Climate – Congress in session is bearish, but technical data is overriding at this point. Strong bullishness not likely to return until the next Congressional recess. Force Vectors dipped deeply to the south when Senator Kennedy’s replacement was announced this past Thursday. The stock market does not find sixty Democratic Senators bullish. Fifty-nine was tolerable, but sixty is a bit more threatening to the bull.

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

Click the Short-term Indicant to see the combined table of the Near-term Indicant and Quick-term Indicant. The table has links to charts for each. There is one chart containing both the Near-term and 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. Those latter two will be explained as they evolve.

As stated for several weeks, the NYSE and NASDAQ Indicant Volume Indicators continue configuring without potential robustness. Current configurations suggest limited support for bullish or bearish behavior. As stated the past several days, this favors the prevailing direction, which is bullish. This remains as the “resting bull.”

Current Strategy-Short-term Indicant-Sep 30, 2009-Wed-Same as before. Sep 29, 2009-Tue-Same as yesterday. Sep 28, 2009-Mon-As stated last week, there is no dynamic bearish threat. The bull is tiring and probably weary of the Congressional session now underway. Do not be surprised at limited dynamic behavior until the next Congressional recess.

Short-term ETF Report Card, Status, and Charts

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

Although there were no buy signals, the Near-term Indicant is signaling hold for 30-ETF’s. They are up by an average of 16.1%, annualizing at 59.7%, since their buy signals an average of 14.1-weeks ago. Although there were no sell signals, the NTI is avoiding one ETF; contrarian QID. It is down 14.7% since its sell signal 9.9-weeks ago.

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

The Quick-term Indicant is signaling hold for 30-ETF’s. They are up an average of 19.3% since their buy signals an average of 17.7-weeks ago. Those with hold signals are annualizing at 56.6%. Although there were no sell signals, the lone avoided ETF, QID, is down by 49.3% since its sell signal on Mar 26, 2009.

Quick-term Red Bulls significantly reduce the threat of dynamic and sustainable bearish behavior. As long as there are Quick-term Red Bulls, one does not have to worry about bearish dominance. Breadth protection improved from only 5-red bulls 56-trading days ago to 30-red bulls today. This is a significant non-bearish configuration with respect to disallowing dynamic behavior on the immediate horizon.

Vector Pressure in bullish domains is also a bear depressant. There are 19-ETF’s with this bullish and non-bearish configuration. There remains no dynamic bearish threat with sustainable duration at this time. However, this attribute is weakening slightly in support of the bull.

Near-term Indicant ETF Key Attributes

11-NTI Blue Bulls; Minority position offers Near-term bullish support.

29-NTI Blue Curves are sloping north and thus remain supportive of the NTI Bull. ETF#06 Bullish Blue Curve collapsed on Sep 29, 2009 and remains in that condition.

30-NTI Green Curves are still sloping north, expressing support for continued non-bearishness.

There are no Near-term Green Bears other that QID.

Quick-term Indicant ETF Key Attributes

30-QTI Red Bulls represent a solid majority supporting Quick-term bullishness.

30-QTI Bullish Red Curves are sloping north in solid majority support for Quick-term bullishness.

30-QTI Non-yellow Bears represent a solid majority supporting Quick-term non-bearishness.

30-QTI Bearish yellow curves are sloping north, highlighting solid non-bearishness.

The Short-term Indicant ETF Key Attributes:

Only one Force Vector is in bullish domains, no longer providing maximal bullish support. Twenty dropped out of bullish domains last Thursday and the rest of them last Friday. The only Force Vector in bullish domains is contrarian TLT. However, this is not supportive of the bear. Just not strong bullish support. (Force Vectors are bearishly mature, suggesting limited support for the bear).

19-Vector Pressures; Majority support of bullish bias.

Two-Vector Pressures are moving in a bullish direction with minority support of the bull. This is a bit discerning; just a bit.

Click here to get a quick overview of the regular mutual funds as they stood several months ago. As you can see, many of them are down by double digit percentage points since the Mid-term Indicant signaled sell in late 2007 and in early 2008. The Mid-term Indicant is updated each weekend with a link to the member’s section. Members can click this sentence to get a more recent update. You will notice buy signals the past few weeks for the first time in several months.

Click the below link to see today’s Near-term, Quick-term, and Short-term Indicant signals. Links on that page will take you to a single chart with all the model’s position on each ETF.

http://www.indicant.net/Members/Updates/STI-SQI-QTI-ETF-SumPage/0UD%20QTI-ETF0-Sum.htm

Contrarian Funds

ProFunds Ultra Short mutual fund moves inversely to the QQQQ by exponential amounts. See the Mid-term Indicant for its status.

The Near-term Indicant signaled sell for QID on Jul 23, 2009. It is down 14.7% since that sell signal. The Near-term Indicant is no longer on the verge of signaling buy for this ETF.

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 49.3% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $34.08 and still falling. The rate of yellow descent is accelerating.

ETF#03-Natural Resources - The Near-term Indicant and Quick-term Indicant signaled buy on August 3, 2009. It is up 3.9% since those buy signals, annualizing at 23.9%. This fund had been struggling, but bullish in eight of the last sixteen days. It was bearish for the sixth consecutive day due, in part, due to the strength in the U.S. dollar.

ETF#11-Gold and Precious Metals is up 22.6% since the QTI signaled buy on December 11, 2008. Annualized growth is at 27.7%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $87.97 and still rising.

The Near-term Indicant signaled buy on Apr 24, 2009. It is up 10.2% since then, annualizing at 23.0%.

It is a QTI Red Bull and a NTI Blue Bull. That suggests a real safe holding position.

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.

ETF#14-TLT-Long Government received a buy signal on Aug 17, 2009 from both the Near-term and Quick-term Indicant. It is up 4.1% since that buy signal, annualizing at 33.9%. It will be difficult for this hold to produce profitability as long as the market is bullish. However, a small stock market bearish spurt could help it along. It is configuring with strong bullishness; erratic Force Vector behavior in bullish domains and rising Vector Pressure are solid bullish configurations. As of today, its bullish Force Vector cycle is mature, suggesting mild non-bullishness in the next few days.

TLT is now a QTI Red Bull and a NTI Blue Bull. It is configured to find comfort at that lofty level.

Major ETF Events

Sep 30, 2009-Dow Transports Force Vector in bearish domains, but cycle is mature.

Sep 29, 2009-ETF#06-EWJ-NTI Bullish Blue collapsed.

Sep 28, 2009-TLT was non-contrarian today.

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

09/30/09

Sep 29, 2009 Indicant Daily Stock Market Report

Volume 9, Issue 20 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Today's Report

Short-term Indicant Stock Market Report - Summary

Overall configurations continue suggesting the bear cannot dominate at this time. Some indications of bullish fatigue continue with their assertions. Today’s behavior demonstrated this.

Current configurations had been offering very little encouragement to the bear at this time. However, the bear may find some encouragement with the collapse of ETF#06-EWJ’s (Chart)

NTI Bullish Blue Curve. This ETF remains as a QTI Red Bull, but barely hanging on. Its Vector Pressure remains close to bullish domains, but its Force Vector dipped into bearish domains. In spite of all that, the bull remains dominant. It is simply tired and merely resting.

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

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

Contrarian VIX is the lone Near-term Bear. It is up 6.6% since the bear signal 2.7-weeks ago.

The remaining eleven major indices are up by an average of 20.5%, annualizing at 64.2%, since the NTI signaled bull an average of 16.6-weeks ago.

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

Although there were no new bull signals, the Quick-term Indicant is signaling bull for 11-major indices. They are up 14.4%, annualizing at 47.4%, since their bull signals an average of 15.8-weeks ago.

The lone bear, VIX, is down 30.1% since its bear signal 23.7-weeks ago. It will not receive a Quick-term Bull signal until it crosses above bearish yellow curve.

On-going attribute watch for major indices: Biases are dated at the time of observation. The next sentence advises of conditions and indicators each day, unless they are also dated.

QTI Red Bull Status-Jul 27, 2009-Bullish bias. Eleven of 11-non-contrarian indices are red bulls.

QTI Yellow Bear Status-Jul 23, 2009-Non-bearish bias. There are no non-contrarian yellow bears. VIX is a yellow bear.

-NTI Blue Bull Status-Sep29, 2009-Bullish bias. Nine of 11-non-contrarian indices are blue bulls. Lost two blue bulls today, but non-threatening. Dow Transports is the weakest right now.

-NTI Green Bear Status-Sep 2, 2009-Non-bearish bias. All 11-major non-contrarian indices are above bearish green and thus non-bearish. The VIX threat, expiring Sep 11, 2009, is again emerging. It will be interesting is Vector Pressure acts as a ceiling to any of its bullish ambition. Sep 28, 2009-VIX was indeed bearish today, but its Force Vector did not pierce Vector Pressure. The threat remains

-NTI Green Bear Direction – Jul 30, 2009-Non-bearish bias. Eleven of eleven non-contrarian are directionally non-bearish. VIX remains in decline but teetering on rebounding.

-Vector Pressure Direction- Sep 28, 2009-Minor bearish bias. All 11-non-contrarian sloping south, but not significant yet.

-Short-term Trend Sensitive Attributes

QTI-Bullish Red Curve-Bullish unanimity with 11 of 11 Non-contrarian indices in bullish trend.

QTI-Bearish Yellow Curve-Non-bearish unanimity with 11 of 11 Non-contrarian indices in non-bearish trend

NTI-Bullish Blue Curve- Bullish unanimity with 11 of 11 Non-contrarian indices in bullish trend; Contrarian VIX NTI Blue also sloping bullishly.

NTI-Bearish Green Curve- Non-bearish unanimity with 11 of 11 Non-contrarian indices in bullish trend.

STI-Vector Pressure-Bullish unanimity no longer exists with none of 11-non-contrarian indices in bullish trend.

Short-term Summary-Declining Vector Pressure is a source of inspiration of the bear, but so far, each expression thereof has been smacked by the bull.

-Near-term Directional Intensity - Jul 30, 2009-Bullish unanimity remains with all NTI Bullish Blue and Bearish Green rising.

Current Strategy-Short-term Indicant-Sep 29, 2009-Tue-Same as yesterday. Sep 28, 2009-Mon-As stated last week, there is no dynamic bearish threat. The bull is tiring and probably weary of the Congressional session now underway. Do not be surprised at limited dynamic behavior until the next Congressional recess.

Short-term ETF Report Card, Status, and Charts

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

Although there were no buy signals, the Near-term Indicant is signaling hold for 30-ETF’s. They are up by an average of 16.3%, annualizing at 61.1%, since their buy signals an average of 13.9-weeks ago. Although there were no sell signals, the NTI is avoiding one ETF; contrarian QID. It is down 14.7% since its sell signal 9.7-weeks ago.

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

The Quick-term Indicant is signaling hold for 30-ETF’s. They are up an average of 19.5% since their buy signals an average of 17.6-weeks ago. Those with hold signals are annualizing at 57.7%. Although there were no sell signals, the lone avoided ETF, QID, is down by 49.3% since its sell signal on Mar 26, 2009.

Quick-term Red Bulls significantly reduce the threat of dynamic and sustainable bearish behavior. As long as there are Quick-term Red Bulls, one does not have to worry about bearish dominance. Breadth protection improved from only 5-red bulls 55-trading days ago to 30-red bulls today. This is a significant non-bearish configuration with respect to disallowing dynamic behavior on the immediate horizon.

Vector Pressure in bullish domains is also a bear depressant. There are 20-ETF’s with this bullish and non-bearish configuration. There remains no dynamic bearish threat with sustainable duration at this time. However, this attribute is weakening slightly in support of the bull.

Near-term Indicant ETF Key Attributes

21-NTI Blue Bulls; Majority position offers Near-term bullish support.

29-NTI Blue Curves are sloping north and thus remain supportive of the NTI Bull. However, ETF#06 Bullish Blue Curve collapsed today.

30-NTI Green Curves are still sloping north, expressing support for continued non-bearishness.

There are no Near-term Green Bears other that QID.

Quick-term Indicant ETF Key Attributes

30-QTI Red Bulls represent a solid majority supporting Quick-term bullishness.

30-QTI Bullish Red Curves are sloping north in solid majority support for Quick-term bullishness.

30-QTI Non-yellow Bears represent a solid majority supporting Quick-term non-bearishness.

30-QTI Bearish yellow curves are sloping north, highlighting solid non-bearishness.

The Short-term Indicant ETF Key Attributes:

20-Vector Pressures; Majority support of bullish bias.

Three-Vector Pressures are moving in a bullish direction with minority support of the bull. This is a bit discerning.

Click the below link to see today’s Near-term, Quick-term, and Short-term Indicant signals. Links on that page will take you to a single chart with all the model’s position on each ETF.

http://www.indicant.net/Members/Updates/STI-SQI-QTI-ETF-SumPage/0UD%20QTI-ETF0-Sum.htm

Contrarian Funds

ProFunds Ultra Short mutual fund moves inversely to the QQQQ by exponential amounts. See the Mid-term Indicant for its status.

The Near-term Indicant signaled sell for QID on Jul 23, 2009. It is down 14.7% since that sell signal. The Near-term Indicant is no longer on the verge of signaling buy for this ETF.

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 49.3% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $34.20 and still falling. The rate of yellow descent is accelerating.

ETF#03-Natural Resources - The Near-term Indicant and Quick-term Indicant signaled buy on August 3, 2009. It is up 4.5% since those buy signals, annualizing at 28.6%. This fund had been struggling, but bullish in eight of the last fifteen days. It was bearish for the fifth consecutive day due to strength in the U.S. dollar.

ETF#11-Gold and Precious Metals is up 20.8% since the QTI signaled buy on December 11, 2008. Annualized growth is at 25.7%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $87.88 and still rising.

The Near-term Indicant signaled buy on Apr 24, 2009. It is up 8.6% since then, annualizing at 19.6%.

It is a QTI Red Bull and a NTI Blue Bull. That suggests a real safe holding position.

ETF#14-TLT-Long Government received a buy signal on Aug 17, 2009 from both the Near-term and Quick-term Indicant. It is up 4.2% since that buy signal, annualizing at 35.5%. It will be difficult for this hold to produce profitability as long as the market is bullish. However, a small stock market bearish spurt could help it along. It is configuring with strong bullishness; erratic Force Vector behavior in bullish domains and rising Vector Pressure are solid bullish configurations.

TLT is now a QTI Red Bull and a NTI Blue Bull. It is configured to find comfort at that lofty level. It was non-contrarian again today with mild bearishness along with the stock market.

Major ETF Events

Sep 29, 2009-ETF#06-EWJ-NTI Bullish Blue collapsed.

Sep 28, 2009-TLT was non-contrarian today.

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

09/29/09

Sep 28, 2009 Indicant Daily Stock Market Report

Volume 9, Issue 19 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Today's Report

Short-term Indicant Stock Market Report - Summary

Overall configurations continue suggesting the bear cannot dominate at this time. Some indications of bullish fatigue continue with their assertions in spite of today’s bullish behavior.

Bullishness is increasingly fundamental. Alternative investments, such as CD’s, money markets, etc. cannot earn enough to exceed even the mildest of inflation. Interest rates should remain low until inflation gets out of hand. Also, Congress is stalemated, which is bullish, but threatened last Thursday with Senator Kennedy’s announced replacement. However, a stalemated Congress and low interest rates remain as two powerful fundamentals favoring continued bullishness.

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

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

Contrarian VIX is the lone Near-term Bear. It is up 6.2% since the bear signal 2.6-weeks ago.

The remaining eleven major indices are up by an average of 20.8%, annualizing at 65.8%, since the NTI signaled bull an average of 16.4-weeks ago.

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

Although there were no new bull signals, the Quick-term Indicant is signaling bull for 11-major indices. They are up 14.7%, annualizing at 48.9%, since their bull signals an average of 15.7-weeks ago.

The lone bear, VIX, is down 30.4% since its bear signal 23.6-weeks ago. It will not receive a Quick-term Bull signal until it crosses above bearish yellow curve.

On-going attribute watch for major indices: Biases are dated at the time of observation. The next sentence advises of conditions and indicators each day, unless they are also dated.

QTI Red Bull Status-Jul 27, 2009-Bullish bias. Eleven of 11-non-contrarian indices are red bulls.

QTI Yellow Bear Status-Jul 23, 2009-Non-bearish bias. There are no non-contrarian yellow bears. VIX is a yellow bear.

-NTI Blue Bull Status-Sep28, 2009-Strong bullish bias. Ten of 11-non-contrarian indices are blue bulls. Regained eight today.

-NTI Green Bear Status-Sep 2, 2009-Non-bearish bias. All 11-major non-contrarian indices are above bearish green and thus non-bearish. The VIX threat, expiring Sep 11, 2009, is again emerging. It will be interesting is Vector Pressure acts as a ceiling to any of its bullish ambition. Sep 28, 2009-VIX was indeed bearish today, but its Force Vector did not pierce Vector Pressure. The threat remains.

-NTI Green Bear Direction – Jul 30, 2009-Non-bearish bias. Eleven of eleven non-contrarian are directionally non-bearish. VIX remains in decline but teetering on rebounding.

-Vector Pressure Direction- Sep 28, 2009-Minor bearish bias. All 11-non-contrarian sloping south, but not significant yet.

-Short-term Trend Sensitive Attributes

QTI-Bullish Red Curve-Bullish unanimity with 11 of 11 Non-contrarian indices in bullish trend.

QTI-Bearish Yellow Curve-Non-bearish unanimity with 11 of 11 Non-contrarian indices in non-bearish trend

NTI-Bullish Blue Curve- Bullish unanimity with 11 of 11 Non-contrarian indices in bullish trend; Contrarian VIX NTI Blue shifted back to the north this past Thursday.

NTI-Bearish Green Curve- Non-bearish unanimity with 11 of 11 Non-contrarian indices in bullish trend.

STI-Vector Pressure-Bullish unanimity no longer exists with none of 11-non-contrarian indices in bullish trend.

-Near-term Directional Intensity - Jul 30, 2009-Bullish unanimity remains with all NTI Bullish Blue and Bearish Green rising. However, nine Blue Bulls have been lost the past five days, threatening this bullish attribute a bit.

As stated for several weeks, the NYSE and NASDAQ Indicant Volume Indicators are no longer configuring with potential robustness. Current configurations suggest limited support for bullish or bearish behavior. As stated the past several days, this favors the prevailing direction, which is bullish. The “resting bull” stomped on the bear today but with relatively mild volume.

Current Strategy-Short-term Indicant-Sep 28, 2009-Mon-As stated last week, there is no dynamic bearish threat. The bull is tiring and probably weary of the Congressional session now underway. Do not be surprised at limited dynamic behavior until the next Congressional recess. Today’s bullishness on mild volume was a mere “announcement” the bull remains dominant.

Short-term ETF Report Card, Status, and Charts

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

Although there were no buy signals, the Near-term Indicant is signaling hold for 30-ETF’s. They are up by an average of 16.5%, annualizing at 62.5%, since their buy signals an average of 13.8-weeks ago. Although there were no sell signals, the NTI is avoiding one ETF; contrarian QID. It is down 15.4% since its sell signal 9.6-weeks ago.

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

The Quick-term Indicant is signaling hold for 30-ETF’s. They are up an average of 19.7% since their buy signals an average of 17.5-weeks ago. Those with hold signals are annualizing at 58.7%. Although there were no sell signals, the lone avoided ETF, QID, is down by 49.7% since its sell signal on Mar 26, 2009.

Quick-term Red Bulls significantly reduce the threat of dynamic and sustainable bearish behavior. As long as there are Quick-term Red Bulls, one does not have to worry about bearish dominance. Breadth protection improved from only 5-red bulls 54-trading days ago to 30-red bulls today. This is a significant non-bearish configuration with respect to disallowing dynamic behavior on the immediate horizon.

Vector Pressure in bullish domains is also a bear depressant. There are 21-ETF’s with this bullish and non-bearish configuration. There remains no dynamic bearish threat with sustainable duration at this time.

Near-term Indicant ETF Key Attributes

24-NTI Blue Bulls regained majority position and thus a solid Near-term bullish attribute.

30-NTI Blue Curves are sloping north and thus remain supportive of the NTI Bull. None have collapsed.

30-NTI Green Curves are still sloping north, expressing support for continued non-bearishness.

There are no Near-term Green Bears other that QID.

Quick-term Indicant ETF Key Attributes

30-QTI Red Bulls represent a solid majority supporting Quick-term bullishness.

30-QTI Bullish Red Curves are sloping north in solid majority support for Quick-term bullishness.

30-QTI Non-yellow Bears represent a solid majority supporting Quick-term non-bearishness.

30-QTI Bearish yellow curves are sloping north, highlighting solid non-bearishness.

The Short-term Indicant ETF Key Attributes:

21-Vector Pressures remain in bullish domains with majority supporting bullish bias.

Four-Vector Pressures are moving in a bullish direction with minority support of the bull.

Click the below link to see today’s Near-term, Quick-term, and Short-term Indicant signals. Links on that page will take you to a single chart with all the model’s position on each ETF.

http://www.indicant.net/Members/Updates/STI-SQI-QTI-ETF-SumPage/0UD%20QTI-ETF0-Sum.htm

Contrarian Funds

ProFunds Ultra Short mutual fund moves inversely to the QQQQ by exponential amounts. See the Mid-term Indicant for its status.

The Near-term Indicant signaled sell for QID on Jul 23, 2009. It is down 15.4% since that sell signal. The Near-term Indicant is no longer on the verge of signaling buy for this ETF.

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 49.7% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $34.31 and still falling. The rate of yellow descent is accelerating.

ETF#03-Natural Resources - The Near-term Indicant and Quick-term Indicant signaled buy on August 3, 2009. It is up 4.8% since those buy signals, annualizing at 31.0%. This fund had been struggling, but bullish in eight of the last fourteen days. It was solidly bearish for the fourth consecutive day due to strength in the U.S. dollar.

ETF#11-Gold and Precious Metals is up 20.3% since the QTI signaled buy on December 11, 2008. Annualized growth is at 25.2%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $87.79 and still rising.

The Near-term Indicant signaled buy on Apr 24, 2009. It is up 8.2% since then, annualizing at 18.7%.

It is a QTI Red Bull and a NTI Blue Bull. That suggests a real safe holding position.

ETF#14-TLT-Long Government received a buy signal on Aug 17, 2009 from both the Near-term and Quick-term Indicant. It is up 4.3% since that buy signal, annualizing at 37.2%. It will be difficult for this hold to produce profitability as long as the market is bullish. However, a small stock market bearish spurt could help it along. It is configuring with strong bullishness; erratic Force Vector behavior in bullish domains and rising Vector Pressure are solid bullish configurations.

TLT is now a QTI Red Bull and a NTI Blue Bull. It is configured to find comfort at that lofty level. It was non-contrarian today by being bullish with the stock market.

Major ETF Events

Sep 28, 2009-TLT was non-contrarian today.

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

09/28/09

Sep 25, 2009 Indicant Daily Stock Market Report

Volume 9, Issue 18 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Today's Report

Short-term Indicant Stock Market Report - Summary

Overall configurations continue suggesting the bear cannot dominate at this time. Some indications of bullish fatigue continue with their assertions. Yesterday’s naming of Senator Kennedy’s replacement was bearish. The head count of sixty democratic senators is of obvious concern by the bear.

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

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

Contrarian VIX is the lone Near-term Bear. It is up 9.1% since the bear signal 2.1-weeks ago. Most of that gain occurred in the past two days.

The remaining eleven major indices are up by an average of 18.9%, annualizing at 61.3%, since the NTI signaled bull an average of 16.0-weeks ago.

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

Although there were no new bull signals, the Quick-term Indicant is signaling bull for 11-major indices. They are up 12.9%, annualizing at 43.9%, since their bull signals an average of 15.1-weeks ago.

The lone bear, VIX, is down 28.4% since its bear signal 23.1-weeks ago. It will not receive a Quick-term Bull signal until it crosses above bearish yellow curve.

On-going attribute watch for major indices: Biases are dated at the time of observation. The next sentence advises of conditions and indicators each day, unless they are also dated.

QTI Red Bull Status-Jul 27, 2009-Bullish bias. Eleven of 11-non-contrarian indices are red bulls.

QTI Yellow Bear Status-Jul 23, 2009-Non-bearish bias. There are no non-contrarian yellow bears. VIX is a yellow bear.

-NTI Blue Bull Status-Sep24, 2009-Weak bullish bias. Only two of 11-non-contrarian indices are blue bulls. Lost six this Thursday and Friday.

-NTI Green Bear Status-Sep 2, 2009-Non-bearish bias. All 11-major non-contrarian indices are above bearish green and thus non-bearish. The VIX threat, expiring Sep 11, 2009, is again emerging. It will be interesting is Vector Pressure acts as a ceiling to any of its bullish ambition.

-NTI Green Bear Direction – Jul 30, 2009-Non-bearish bias. Eleven of eleven non-contrarian are directionally non-bearish. VIX remains in decline but teetering on rebounding.

-STI Force Vector Position- Sep 11, 2009-Neutral bias. None are in bullish domains and only one above Vector Pressure.

-Vector Pressure Direction- Sep 14, 2009-Bullish bias. Only three of eleven non-contrarian moving north. Six shifted direction to the south the past two days.

-Short-term Trend Sensitive Attributes

QTI-Bullish Red Curve-Bullish unanimity with 11 of 11 Non-contrarian indices in bullish trend.

QTI-Bearish Yellow Curve-Non-bearish unanimity with 11 of 11 Non-contrarian indices in non-bearish trend

NTI-Bullish Blue Curve- Bullish unanimity with 11 of 11 Non-contrarian indices in bullish trend; Contrarian VIX NTI Blue shifted back to the north this past Thursday.

NTI-Bearish Green Curve- Non-bearish unanimity with 11 of 11 Non-contrarian indices in bullish trend.

STI-Vector Pressure-Bullish unanimity no longer exists with only three of 11-non-contrarian indices in bullish trend.

As stated for several weeks, the NYSE and NASDAQ Indicant Volume Indicators are no longer configuring with potential robustness. Current configurations suggest limited support for bullish or bearish behavior. As stated the past several days, this favors the prevailing direction, which is bullish. Mild bearishness the past few days is indicative of a tiring and resting bull, as opposed to bearish assaults.

Current Strategy-Short-term Indicant-Sep 25, 2009-Fri-Nothing different. There is no dynamic bearish threat. Sep 24, 2009-Thu-Same as last Mon. Sep 23, 2009-Wed-Same as the past two days. Sep 22, 2009-Tue-Same as yesterday. Sep 21, 2009-Mon-Near-term and Quick-term Bull continue without any serious threats. As previously stated, the bull is tiring and probably weary of the Congressional session now underway. Do not be surprised at limited dynamic behavior until the next Congressional recess.

Short-term ETF Report Card, Status, and Charts

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

Although there were no buy signals, the Near-term Indicant is signaling hold for 30-ETF’s. They are up by an average of 14.7%, annualizing at 57.2%, since their buy signals an average of 13.3-weeks ago. Although there were no sell signals, the NTI is avoiding one ETF; contrarian QID. It is down 14.7% since its sell signal 9.1-weeks ago.

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

The Quick-term Indicant is signaling hold for 30-ETF’s. They are up an average of 17.7% since their buy signals an average of 17.0-weeks ago. Those with hold signals are annualizing at 54.2%. Although there were no sell signals, the lone avoided ETF, QID, is down by 48.0% since its sell signal on Mar 26, 2009.

Quick-term Red Bulls significantly reduce the threat of dynamic and sustainable bearish behavior. As long as there are Quick-term Red Bulls, one does not have to worry about bearish dominance. Breadth protection improved from only 5-red bulls 53-trading days ago to 30-red bulls today. This is a significant non-bearish configuration with respect to disallowing dynamic behavior on the immediate horizon.

Vector Pressure in bullish domains is also a bear depressant. There are 22-ETF’s with this bullish and non-bearish configuration. There remains no dynamic bearish threat with sustainable duration at this time.

Near-term Indicant ETF Key Attributes

Four-NTI Blue Bulls is now a minority. No longer a solid bullish attribute. 17-Blue Bulls lost on Sep 24, 2009 and six lost on Sep 25, 2009.

30-NTI Blue Curves are sloping north and thus remain supportive of the NTI Bull. None have collapsed.

30-NTI Green Curves are still sloping north, expressing support for continued non-bearishness.

There are no Near-term Green Bears other that QID.

Quick-term Indicant ETF Key Attributes

30-QTI Red Bulls represent a solid majority supporting Quick-term bullishness.

29-QTI Bullish Red Curves are sloping north in solid majority support for Quick-term bullishness.

30-QTI Non-yellow Bears represent a solid majority supporting Quick-term non-bearishness.

30-QTI Bearish yellow curves are sloping north, highlighting solid non-bearishness.

The Short-term Indicant ETF Key Attributes:

Only one Force Vector is in bullish domains, no longer providing maximal bullish support. Twenty dropped out of bullish domains last Thursday and the rest of them on Friday. The only Force Vector in bullish domains is contrarian TLT. However, this is not supportive of the bear. Just not a strong bullish support.

22-Vector Pressures remain in bullish domains with majority supporting bullish bias.

15-Vector Pressures are moving in a bullish direction with majority support of the bull, but barely.

Sep 25, 2009-Fri-Bull continues resting, as opposed to a major assault by the bear.

Sep 24, 2009-Thu-Several NTI Blue Bulls retreated today and Force Vectors fell from bullish domains. As previously stated, the bull is tired. Also, the naming of a replacement to Senator Kennedy was bearish.

Sep 23, 2009-Wed-Same as yesterday. Bull is tired and weary of Congress but no serious bearish threat can be sustainable at this time.

Sep 22, 2009-Tue-Solid non-bearish support continues. Lazy Force Vectors are somewhat bullish.

Sep 21, 2009-Mon-Solid non-bearish support continues. Although it would not be surprising to see the bull remain lazy and even give a little ground to the bear over the next few days, the bull remains solidly dominant.

Click the below link to see today’s Near-term, Quick-term, and Short-term Indicant signals. Links on that page will take you to a single chart with all the model’s position on each ETF.

http://www.indicant.net/Members/Updates/STI-SQI-QTI-ETF-SumPage/0UD%20QTI-ETF0-Sum.htm

Contrarian Funds

ProFunds Ultra Short mutual fund moves inversely to the QQQQ by exponential amounts. See the Mid-term Indicant for its status.

The Near-term Indicant signaled sell for QID on Jul 23, 2009. It is down 12.5% since that sell signal. The Near-term Indicant is no longer on the verge of signaling buy for this ETF.

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 48.0% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $34.43 and still falling. The rate of yellow descent is accelerating.

ETF#03-Natural Resources - The Near-term Indicant and Quick-term Indicant signaled buy on August 3, 2009. It is up 3.2% since those buy signals, annualizing at 21.5%. This fund had been struggling, but bullish in seven of the last thirteen days. It was solidly bearish for the third consecutive day due to strength in the U.S. dollar.

ETF#11-Gold and Precious Metals is up 20.3% since the QTI signaled buy on December 11, 2008. Annualized growth is at 25.3%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $87.69 and still rising.

The Near-term Indicant signaled buy on Apr 24, 2009. It is up 8.1% since then, annualizing at 20.5%.

It is a QTI Red Bull and a NTI Blue Bull. That suggests a real safe holding position in spite of today’s bearish behavior.

ETF#14-TLT-Long Government received a buy signal on Aug 17, 2009 from both the Near-term and Quick-term Indicant. This buy signal was triggered by rule, as its price moved above NTI Blue and Green and QTI Yellow with Force Vectors penetrating bullish domains.

It is up 3.4% since that buy signal, annualizing at 31.7%. It will be difficult for this hold to produce profitability as long as the market is bullish. However, a small stock market bearish spurt could help it along. It is configuring with strong bullishness; erratic Force Vector behavior in bullish domains and rising Vector Pressure are solid bullish configurations.

TLT is now a QTI Red Bull. It will be interesting to see if it finds comfort at that lofty position. This is the first time it has held that honor since last January.

Major ETF Events

Sep 25, 2009-Fri-Blue bulls are falling fast and TLT is now a QTI Red Bull. However, the bullish Blue Curves have not collapsed. Until they do, this Near-term Bull remains dominant.

Sep 24, 2009-Thu-A significant reduction in NTI Blue Bulls and weakening Force Vectors identifies with a tired bull, but a bull nonetheless.

Sep 23, 2009-Wed-Twelve Force Vectors fell below Vector Pressure today. Three fell from bullish domains. One Vector Pressure shifted south. These would normally be bearish, but it is simply a cooling off period.

Sep 22, 2009-Tue-Dow Utilities lost NTI Blue Bull status and Dow Transports Force Vector crossed below Vector Pressure. This is configured with a simple money rotation and not a weakening overall bull.

Sep 21, 2009-Mon-There were no major events today.

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

09/25/09

Sep 24, 2009 Indicant Daily Stock Market Report

Volume 9, Issue 17 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Today's Report

Short-term Indicant Stock Market Report - Summary

Overall configurations continue suggesting the bear cannot dominate at this time. Some indications of bullish fatigue continue with their assertions. Today’s naming of Senator Kennedy’s replacement was bearish.

The Near-term Bull is 28-weeks old. The average Near-term life cycles approximate 10-14-weeks. This does not mean they are always followed by a reversal cycle. Extended inflections can occur for several days or even weeks ahead of a renewed Near-term bull or bear cycle. This bull demonstrated dynamic responses to the bear’s influence in mid-July. If the bear does not demonstrate equal or greater magnitude in responses, this Near-term Bull will delay its expiration. So far, the bear has been silent to bullish expressions. Current configurations are offering very little encouragement to the bear at this time.

Bullishness is increasingly fundamental. Alternative investments, such as CD’s, money markets, etc. cannot earn enough to exceed even the mildest of inflation. Interest rates should remain low until inflation gets out of hand. Also, Congress is stalemated, which is bullish, but threatened today with Senator Kennedy’s announced replacement. However, a stalemated Congress and low interest rates remain as two powerful fundamentals favoring continued bullishness.

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

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

Contrarian VIX is the lone Near-term Bear. It is up 6.3% since the bear signal 2.0-weeks ago. Most of that gain was today.

The remaining eleven major indices are up by an average of 19.7%, annualizing at 64.5%, since the NTI signaled bull an average of 15.9-weeks ago.

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

Although there were no new bull signals, the Quick-term Indicant is signaling bull for 11-major indices. They are up 13.7%, annualizing at 47.0%, since their bull signals an average of 15.1-weeks ago.

The lone bear, VIX, is down 30.3% since its bear signal 23.0-weeks ago. It will not receive a Quick-term Bull signal until it crosses above bearish yellow curve.

On-going attribute watch for major indices: Biases are dated at the time of observation. The next sentence advises of conditions and indicators each day, unless they are also dated.

QTI Red Bull Status-Jul 27, 2009-Bullish bias. Eleven of 11-non-contrarian indices are red bulls.

QTI Yellow Bear Status-Jul 23, 2009-Non-bearish bias. There are no non-contrarian yellow bears. VIX is a yellow bear.

-NTI Blue Bull Status-Sep24, 2009-Weak bullish bias. Six of 11-non-contrarian are blue bulls. Lost four today.

-NTI Green Bear Status-Sep 2, 2009-Non-bearish bias. All 11-major non-contrarian indices are above bearish green and thus non-bearish. The VIX threat, expiring Sep 11, 2009, is again emerging. It will be interesting is Vector Pressure acts as a ceiling to any of its bullish ambition.

-NTI Green Bear Direction – Jul 30, 2009-Non-bearish bias. Eleven of eleven non-contrarian are directionally non-bearish. VIX remains in decline but teetering on rebounding.

-STI Force Vector Position- Sep 11, 2009-Neutral bias. Only one of eleven in bullish domains and only two above Vector Pressure.

-STI Force Vector Direction – Sep 23, 2009-Mild Bearish Bias. Sep 24, 2009-The lazy decline shifted a bit more sharply today; most likely due to a U.S. Congressional replacement to Senator Kennedy.

-Vector Pressure Direction- Sep 14, 2009-Bullish bias. Nine of eleven non-contrarian moving north. One lost today.

-Short-term Trend Sensitive Attributes

QTI-Bullish Red Curve-Bullish unanimity with 11 of 11 Non-contrarian indices in bullish trend.

QTI-Bearish Yellow Curve-Non-bearish unanimity with 11 of 11 Non-contrarian indices in non-bearish trend

NTI-Bullish Blue Curve- Bullish unanimity with 11 of 11 Non-contrarian indices in bullish trend; Contrarian VIX NTI Blue shifted back to the north today.

NTI-Bearish Green Curve- Non-bearish unanimity with 11 of 11 Non-contrarian indices in bullish trend.

STI-Vector Pressure-Bullish unanimity with 11 of 11-non-contrarian indices in bullish trend.

-Near-term Directional Intensity - Jul 30, 2009-Bullish unanimity remains with all NTI Bullish Blue and Bearish Green rising. However, four Blue Bulls were lost today, threatening this attribute a bit.

-Political Climate – Congress in session is bearish, but technical data is overriding at this point. Strong bullishness not likely to return until Congressional recess. Force Vectors dipped deeply to the south when Senator Kennedy’s replacement was announced.

As stated for several weeks, the NYSE and NASDAQ Indicant Volume Indicators are no longer configuring with potential robustness. Current configurations suggest limited support for bullish or bearish behavior. As stated the past several days, this favors the prevailing direction, which is bullish. Mild bearishness the past few days is indicative of a tiring and resting bull, as opposed to bearish assaults.

Current Strategy-Short-term Indicant-Sep 24, 2009-Thu-Same as last Mon. Sep 23, 2009-Wed-Same as the past two days. Sep 22, 2009-Tue-Same as yesterday. Sep 21, 2009-Mon-Near-term and Quick-term Bull continue without any serious threats. As previously stated, the bull is tiring and probably weary of the Congressional session now underway. Do not be surprised at limited dynamic behavior until the next Congressional recess.

Short-term ETF Report Card, Status, and Charts

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

Although there were no buy signals, the Near-term Indicant is signaling hold for 30-ETF’s. They are up by an average of 15.0%, annualizing at 59.3%, since their buy signals an average of 13.2-weeks ago. Although there were no sell signals, the NTI is avoiding one ETF; contrarian QID. It is down 14.1% since its sell signal 9.0-weeks ago.

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

The Quick-term Indicant is signaling hold for 30-ETF’s. They are up an average of 18.1% since their buy signals an average of 16.9-weeks ago. Those with hold signals are annualizing at 55.8%. Although there were no sell signals, the lone avoided ETF, QID, is down by 48.9% since its sell signal on Mar 26, 2009.

Quick-term Red Bulls significantly reduce the threat of dynamic and sustainable bearish behavior. As long as there are Quick-term Red Bulls, one does not have to worry about bearish dominance. Breadth protection improved from only 5-red bulls 52-trading days ago to 29-red bulls today. This is a significant non-bearish configuration with respect to disallowing dynamic behavior on the immediate horizon.

Vector Pressure in bullish domains is also a bear depressant. There are 23-ETF’s with this bullish and non-bearish configuration. There remains no dynamic bearish threat with sustainable duration at this time.

Near-term Indicant ETF Key Attributes

10-NTI Blue Bulls is now a minority. No longer a solid bullish attribute. 17-Blue Bulls lost on Sep 24, 2009.

30-NTI Blue Curves are sloping north and thus remain supportive of the NTI Bull.

29-NTI Green Curves are still sloping north, expressing support for continued non-bearishness.

There are no Near-term Green Bears other that QID.

Quick-term Indicant ETF Key Attributes

29-QTI Red Bulls represent a solid majority supporting Quick-term bullishness.

29-QTI Bullish Red Curves are sloping north in solid majority support for Quick-term bullishness.

30-QTI Non-yellow Bears represent a solid majority supporting Quick-term non-bearishness.

30-QTI Bearish yellow curves are sloping north, highlighting solid non-bearishness.

The Short-term Indicant ETF Key Attributes:

Only 4-Force Vectors are in bullish domains, no longer providing maximal bullish support. Twenty dropped out of bullish domains today. However, this is not supportive of the bear. Just not a strong bullish support.

23-Vector Pressures remain in bullish domains with majority supporting bullish bias.

28-Vector Pressures are moving in a bullish direction with majority support of the bull.

Sep 23, 2009-Wed-Same as yesterday. Bull is tired and weary of Congress but no serious bearish threat can be sustainable at this time.

Sep 22, 2009-Tue-Solid non-bearish support continues. Lazy Force Vectors are somewhat bullish.

Click the below link to see today’s Near-term, Quick-term, and Short-term Indicant signals. Links on that page will take you to a single chart with all the model’s position on each ETF.

http://www.indicant.net/Members/Updates/STI-SQI-QTI-ETF-SumPage/0UD%20QTI-ETF0-Sum.htm

Contrarian Funds

ProFunds Ultra Short mutual fund moves inversely to the QQQQ by exponential amounts. See the Mid-term Indicant for its status.

The Near-term Indicant signaled sell for QID on Jul 23, 2009. It is down 14.1% since that sell signal. The Near-term Indicant is no longer on the verge of signaling buy for this ETF.

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 48.9% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $34.55 and still falling. The rate of yellow descent is accelerating.

ETF#03-Natural Resources - The Near-term Indicant and Quick-term Indicant signaled buy on August 3, 2009. It is up 3.3% since those buy signals, annualizing at 22.8%. This fund had been struggling, but bullish in seven of the last twelve days. It was solidly bearish for the second consecutive day due to strength in the U.S. dollar.

ETF#11-Gold and Precious Metals is up 21.0% since the QTI signaled buy on December 11, 2008. Annualized growth is at 26.3%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $87.60 and still rising.

The Near-term Indicant signaled buy on Apr 24, 2009. It is up 8.7% since then, annualizing at 20.5%.

It is a QTI Red Bull and a NTI Blue Bull. That suggests a real safe holding position in spite of today’s bearish behavior.

It is up 2.1% since that buy signal, annualizing at 20.2%. It will be difficult for this hold to produce profitability as long as the market is bullish. However, a small stock market bearish spurt could help it along. It is configuring with strong bullishness; erratic Force Vector behavior in bullish domains and rising Vector Pressure are solid bullish configurations.

Major ETF Events

Sep 24, 2009-Thu-A significant reduction in NTI Blue Bulls and weakening Force Vectors identifies with a tired bull, but a bull nonetheless.

Sep 21, 2009-Mon-There were no major events today.

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

09/24/09

Sep 23, 2009 Indicant Daily Stock Market Report

Volume 9, Issue 16 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Today's Report

Short-term Indicant Stock Market Report - Summary

Overall configurations continue suggesting the bear cannot dominate at this time. Some minor indications of bullish fatigue continue with their assertions. The market is sensing Congressional indecisiveness due to populace behavior. That is bullish and technical support for the bull remains in tact.

Bullishness is increasingly fundamental. Alternative investments, such as CD’s, money markets, etc. cannot earn enough to exceed even the mildest of inflation. Interest rates should remain low until inflation gets out of hand. Also, Congress is stalemated, which is bullish. Those are two powerful fundamentals favoring continued bullishness.

Quick-term Red Bulls are not to be argued with. Until Quick-term Red Bulls expire, this bull should be considered a thoroughbred, which is increasingly obvious. This is supported on a near-term basis as Near-term Blue Bulls continue in their support. There will be no bearish threat until you see Near-term Blue Bulls begin to expire. They are nowhere near expiring.

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

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

Contrarian VIX is the lone Near-term Bear. It is up 0.4% since the bear signal 1.9-weeks ago.

The remaining eleven major indices are up by an average of 21.0%, annualizing at 69.3%, since the NTI signaled bull an average of 15.7-weeks ago.

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

Although there were no new bull signals, the Quick-term Indicant is signaling bull for 11-major indices. They are up 14.9%, annualizing at 51.6%, since their bull signals an average of 15.0-weeks ago.

The lone bear, VIX, is down 34.2% since its bear signal 22.9-weeks ago. It will not receive a Quick-term Bull signal until it crosses above bearish yellow curve.

On-going attribute watch for major indices: Biases are dated at the time of observation. The next sentence advises of conditions and indicators each day, unless they are also dated.

QTI Red Bull Status-Jul 27, 2009-Bullish bias. Eleven of 11-non-contrarian indices are red bulls.

QTI Yellow Bear Status-Jul 23, 2009-Non-bearish bias. There are no non-contrarian yellow bears. VIX is a yellow bear.

-NTI Blue Bull Status-Sep 8, 2009-Bullish bias. Ten of 11-non-contrarian are blue bulls.

-NTI Green Bear Status-Sep 2, 2009-Non-bearish bias. All 11-major non-contrarian indices are above bearish green and thus non-bearish. The VIX threat expired Sep 11, 2009, but is configured to resume that threat based on its rising Vector Pressure. Other attributes are not yet supportive, though.

-NTI Blue Bull Direction-Jul 22, 2009-Bullish bias. Eleven of eleven non-contrarians are directionally bullish. Sep 21, 2009-VIX blue started elevating, which is mildly threatening to the overall bullish stock market.

-NTI Green Bear Direction – Jul 30, 2009-Non-bearish bias. Eleven of eleven non-contrarian are directionally non-bearish. VIX remains in decline.

-STI Force Vector Position- Sep 11, 2009-Non-bearish bias. Ten of eleven in bullish domains.

-STI Force Vector Direction – Sep 23, 2009-Mild Bearish Bias. Most are declining but lazily, which is non-bearish on a Near-term cycle.

-Vector Pressure Direction- Sep 14, 2009-Bullish bias. Ten of eleven non-contrarian moving north.

-Short-term Trend Sensitive Attributes

QTI-Bullish Red Curve-Bullish unanimity with 11 of 11 Non-contrarian indices in bullish trend.

QTI-Bearish Yellow Curve-Non-bearish unanimity with 11 of 11 Non-contrarian indices in non-bearish trend

NTI-Bullish Blue Curve- Bullish unanimity with 11 of 11 Non-contrarian indices in bullish trend; Contrarian VIX shifted south today.

NTI-Bearish Green Curve- Non-bearish unanimity with 11 of 11 Non-contrarian indices in bullish trend.

STI-Vector Pressure-Bullish unanimity with 11 of 11-non-contrarian indices in bullish trend.

-Near-term Directional Intensity - Jul 30, 2009-Bullish unanimity remains with all NTI Bullish Blue and Bearish Green rising. Blue Bulls remain in majority position.

-Political Climate – Congress in session is bearish, but technical data is overriding at this point. Strong bullishness not likely to return until Congressional recess.

As stated for several days, the NYSE and NASDAQ Indicant Volume Indicators are no longer configuring with potential robustness. Current configurations suggest limited support for bullish or bearish behavior. As stated the past several days, this favors the prevailing direction, which is bullish. Volume was up on today’s mild bearishness. This is a mere adjustment to the market as it needs a bit of cooling off.

Current Strategy-Short-term Indicant-Sep 23, 2009-Wed-Same as the past two days. Sep 22, 2009-Tue-Same as yesterday. Sep 21, 2009-Mon-Near-term and Quick-term Bull continue without any serious threats. As previously stated, the bull is tiring and probably weary of the Congressional session now underway. Do not be surprised at limited dynamic behavior until the next Congressional recess.

Short-term ETF Report Card, Status, and Charts

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

Although there were no buy signals, the Near-term Indicant is signaling hold for 30-ETF’s. They are up by an average of 16.6%, annualizing at 66.2%, since their buy signals an average of 13.1-weeks ago. Although there were no sell signals, the NTI is avoiding one ETF; contrarian QID. It is down 15.4% since its sell signal 8.9-weeks ago.

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

The Quick-term Indicant is signaling hold for 30-ETF’s. They are up an average of 19.8% since their buy signals an average of 16.7-weeks ago. Those with hold signals are annualizing at 61.4%. Although there were no sell signals, the lone avoided ETF, QID, is down by 49.6% since its sell signal on Mar 26, 2009.

Quick-term Red Bulls significantly reduce the threat of dynamic and sustainable bearish behavior. As long as there are Quick-term Red Bulls, one does not have to worry about bearish dominance. Breadth protection improved from only 5-red bulls 51-trading days ago to 29-red bulls today. This is a significant non-bearish configuration with respect to disallowing dynamic behavior on the immediate horizon.

Force Vectors are in lazy decline, which is a typical predecessor to solid bullish behavior. Favorable probabilities of bearish aggression continue shifting further into the future. Congressional behavior will influence fundamentals. If Congress behaves like communists, the bear will be aroused. Even with that, though, no sell signals will occur until prices interact with NTI green curves, which are moving north.

Near-term Indicant ETF Key Attributes

27-NTI Blue Bulls represent a solid majority supporting Near-term Bullishness.

30-NTI Blue Curves are sloping north and thus remain supportive of the NTI Bull.

28-NTI Green Curves are still sloping north, expressing support for continued non-bearishness.

There are no Near-term Green Bears other that QID.

Quick-term Indicant ETF Key Attributes

29-QTI Red Bulls represent a solid majority supporting Quick-term bullishness.

29-QTI Bullish Red Curves are sloping north in solid majority support for Quick-term bullishness.

30-QTI Non-yellow Bears represent a solid majority supporting Quick-term non-bearishness.

30-QTI Bearish yellow curves are sloping north, highlighting solid non-bearishness.

The Short-term Indicant ETF Key Attributes:

24-Force Vectors are in bullish domains, providing near maximal bullish support. They are sloping lazily to the south, which is a typical predecessor to bullish behavior.

23-Vector Pressures remain in bullish domains with majority supporting bullish bias.

29-Vector Pressures are moving in a bullish direction with majority support of the bull.

Sep 23, 2009-Wed-Same as yesterday. Bull is tired and weary of Congress but no serious bearish threat can be sustainable at this time.

Sep 22, 2009-Tue-Solid non-bearish support continues. Lazy Force Vectors are somewhat bullish.

Click the below link to see today’s Near-term, Quick-term, and Short-term Indicant signals. Links on that page will take you to a single chart with all the model’s position on each ETF.

http://www.indicant.net/Members/Updates/STI-SQI-QTI-ETF-SumPage/0UD%20QTI-ETF0-Sum.htm

Contrarian Funds

ProFunds Ultra Short mutual fund moves inversely to the QQQQ by exponential amounts. See the Mid-term Indicant for its status.

The Near-term Indicant signaled sell for QID on Jul 23, 2009. It is down 15.4% since that sell signal. The Near-term Indicant is no longer on the verge of signaling buy for this ETF.

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 49.6% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $34.67 and still falling. The rate of yellow descent is accelerating.

ETF#03-Natural Resources - The Near-term Indicant and Quick-term Indicant signaled buy on August 3, 2009. It is up 4.8% since those buy signals, annualizing at 33.9%. This fund had been struggling, but bullish in seven of the last eleven days. It was solidly bearish today.

ETF#11-Gold and Precious Metals is up 22.5% since the QTI signaled buy on December 11, 2008. Annualized growth is at 28.4%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $87.51 and still rising.

The Near-term Indicant signaled buy on Apr 24, 2009. It is up 10.2% since then, annualizing at 24.0%.

It is a QTI Red Bull and a NTI Blue Bull. That suggests a real safe holding position.

It is up 1.8% since that buy signal, annualizing at 17.9%. It will be difficult for this hold to produce profitability as long as the market is bullish. However, a small stock market bearish spurt could help it along. It is configuring with strong bullishness; erratic Force Vector behavior in bullish domains and rising Vector Pressure are solid bullish configurations. It contrarian with today’s mild bullishness along with stock market bearishness.

Major ETF Events

Sep 21, 2009-Mon-There were no major events today.

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

09/23/09

Sep 22, 2009 Indicant Daily Stock Market Report

Volume 9, Issue 15 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Today's Report

Short-term Indicant Stock Market Report - Summary

Bullishness is increasingly fundamental. Alternative investments, such as CD’s, money markets, etc. cannot earn enough to exceed even the mildest of inflation. Interest rates should remain low until inflation gets out of hand. Also, Congress is stalemated, which is bullish. Those are two powerful fundamentals favoring continued bullishness.

Quick-term Red Bulls are not to be argued with. Until Quick-term Red Bulls expire, this bull should be considered a thoroughbred, which is increasingly obvious. This is supported on a near-term basis as Near-term Blue Bulls continue in their support. There will be no bearish threat until you see Near-term Blue Bulls begin to expire. They are nowhere near expiring.

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

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

Contrarian VIX is the lone Near-term Bear. It is down 1.4% since the bear signal 1.7 weeks ago.

The remaining eleven major indices are up by an average of 22.1%, annualizing at 73.8%, since the NTI signaled bull an average of 15.6-weeks ago.

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

Although there were no new bull signals, the Quick-term Indicant is signaling bull for 11-major indices. They are up 15.9%, annualizing at 55.9%, since their bull signals an average of 14.8-weeks ago.

The lone bear, VIX, is down 35.3% since its bear signal 22.7-weeks ago. It will not receive a Quick-term Bull signal until it crosses above bearish yellow curve.

On-going attribute watch for major indices: Biases are dated at the time of observation. The next sentence advises of conditions and indicators each day, unless they are also dated.

QTI Red Bull Status-Jul 27, 2009-Bullish bias. Eleven of 11-non-contrarian indices are red bulls.

QTI Yellow Bear Status-Jul 23, 2009-Non-bearish bias. There are no non-contrarian yellow bears. VIX is a yellow bear.

-NTI Blue Bull Status-Sep 8, 2009-Bullish bias. Ten of 11-non-contrarian are blue bulls.

-NTI Blue Bull Direction-Jul 22, 2009-Bullish bias. Eleven of eleven non-contrarians are directionally bullish. Sep 21, 2009-VIX blue started elevation today, which is mildly threatening to the overall bullish stock market.

-NTI Green Bear Direction – Jul 30, 2009-Non-bearish bias. Eleven of eleven non-contrarian are directionally non-bearish. VIX remains in decline.

-STI Force Vector Position- Sep 11, 2009-Non-bearish bias. Eleven of eleven in bullish domains.

-STI Force Vector Direction – Sep 11, 2009-Bias difficult, as most are bullishly mature, offering a mild incentive for the bear to display its existence. Sep 21, 2009-All that has happened since Sep 11 is extraordinary mild bullishness and mild bearishness with an edge to the bull.

-Vector Pressure Direction- Sep 14, 2009-Bullish bias. Eleven of eleven non-contrarian moving north.

-Short-term Trend Sensitive Attributes

QTI-Bullish Red Curve-Bullish unanimity with 11 of 11 Non-contrarian indices in bullish trend.

QTI-Bearish Yellow Curve-Non-bearish unanimity with 11 of 11 Non-contrarian indices in non-bearish trend

NTI-Bullish Blue Curve- Bullish unanimity with 11 of 11 Non-contrarian indices in bullish trend; Contrarian VIX shifted south today.

NTI-Bearish Green Curve- Non-bearish unanimity with 11 of 11 Non-contrarian indices in bullish trend.

STI-Vector Pressure-Bullish unanimity with 11 of 11-non-contrarian indices in bullish trend.

-Near-term Directional Intensity - Jul 30, 2009-Bullish unanimity remains with all NTI Bullish Blue and Bearish Green rising. Blue Bulls remain in majority position.

-Political Climate – Congress in session is bearish, but technical data is overriding at this point. Strong bullishness not likely to return until Congressional recess.

Current Strategy-Short-term Indicant-Sep 22, 2009-Tue-Same as yesterday. Sep 21, 2009-Mon-Near-term and Quick-term Bull continue without any serious threats. As previously stated, the bull is tiring and probably weary of the Congressional session now underway. Do not be surprised at limited dynamic behavior until the next Congressional recess.

Short-term ETF Report Card, Status, and Charts

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

Although there were no buy signals, the Near-term Indicant is signaling hold for 30-ETF’s. They are up by an average of 17.9%, annualizing at 72.2%, since their buy signals an average of 12.9-weeks ago. Although there were no sell signals, the NTI is avoiding one ETF; contrarian QID. It is down 16.3% since its sell signal 8.7-weeks ago.

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

The Quick-term Indicant is signaling hold for 30-ETF’s. They are up an average of 21.1% since their buy signals an average of 16.6-weeks ago. Those with hold signals are annualizing at 66.2%. Although there were no sell signals, the lone avoided ETF, QID, is down by 50.2% since its sell signal on Mar 26, 2009.

Quick-term Red Bulls significantly reduce the threat of dynamic and sustainable bearish behavior. As long as there are Quick-term Red Bulls, one does not have to worry about bearish dominance. Breadth protection improved from only 5-red bulls 50-trading days ago to 29-red bulls today. This is a significant non-bearish configuration with respect to disallowing dynamic behavior on the immediate horizon.

Near-term Indicant ETF Key Attributes

27-NTI Blue Bulls represent a solid majority supporting Near-term Bullishness.

30-NTI Blue Curves are sloping north and thus remain supportive of the NTI Bull.

28-NTI Green Curves are still sloping north, expressing support for continued non-bearishness.

There are no near-term green bears other that QID.

Quick-term Indicant ETF Key Attributes

29-QTI Red Bulls represent a solid majority supporting Quick-term bullishness.

29-QTI Bullish Red Curves are sloping north in solid majority support for Quick-term bullishness.

30-QTI Non-yellow Bears represent a solid majority supporting Quick-term non-bearishness.

30-QTI Bearish yellow curves are sloping north, highlighting solid non-bearishness.

The Short-term Indicant ETF Key Attributes:

27-Force Vectors are in bullish domains, providing near maximal bullish support. They are sloping lazily to the south, which is a typical predecessor to bullish behavior.

23-Vector Pressures remain in bullish domains with majority supporting bullish bias.

28-Vector Pressures are moving in a bullish direction with majority support of the bull.

Sep 22, 2009-Tue-Solid non-bearish support continues. Lazy Force Vectors are somewhat bullish.

Click the below link to see today’s Near-term, Quick-term, and Short-term Indicant signals. Links on that page will take you to a single chart with all the model’s position on each ETF.

http://www.indicant.net/Members/Updates/STI-SQI-QTI-ETF-SumPage/0UD%20QTI-ETF0-Sum.htm

Contrarian Funds

ProFunds Ultra Short mutual fund moves inversely to the QQQQ by exponential amounts. See the Mid-term Indicant for its status.

The Near-term Indicant signaled sell for QID on Jul 23, 2009. It is down 16.3% since that sell signal. The Near-term Indicant is no longer on the verge of signaling buy for this ETF.

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 50.2% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $34.79 and still falling. The rate of yellow descent is accelerating.

ETF#03-Natural Resources - The Near-term Indicant and Quick-term Indicant signaled buy on August 3, 2009. It is up 7.0% since those buy signals, annualizing at 50.6%. This fund had been struggling, but bullish in seven of the last ten days.

ETF#11-Gold and Precious Metals is up 23.6% since the QTI signaled buy on December 11, 2008. Annualized growth is at 29.8%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $87.42 and still rising.

The Near-term Indicant signaled buy on Apr 24, 2009. It is up 11.1% since then, annualizing at 26.4%.

It is a QTI Red Bull and a NTI Blue Bull. That suggests a real safe holding position.

It is up 1.5% since that buy signal, annualizing at 15.3%. It will be difficult for this hold to produce profitability as long as the market is bullish. However, a small stock market bearish spurt could help it along. It is configuring with strong bullishness; erratic Force Vector behavior in bullish domains and rising Vector Pressure are solid bullish configurations. It was again non-contrarian with today’s mild bullishness along with the stock market.

Major ETF Events

Sep 21, 2009-Mon-There were no major events today.

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

09/22/09

Sep 21, 2009 Indicant Daily Stock Market Report

Volume 9, Issue 14 ISSN 1526 6516 QT/ST

© The Indicant Stock Market Report

Today's Report

Short-term Indicant Stock Market Report - Summary

Bullishness the past several weeks appeared to be emotionally-based, as the so-called improving fundamentals are not justification for the magnitude of the bull’s wrath. However, as usual, the market can move with sustainability against reasoned fundamentals. This may turn out to be a Blue Dog Bull with the help of 9-trillion dollars chasing the bull north. Cap and Trade and Healthcare Reform, if stopped, will be bullish for the stock market. Tyranny by the majority, in this case, is the correct tyranny, when desiring bullish stock markets. One can surmise the market is anticipating Congressional disappointment this coming month and thus one reason for bullish timidity. Also, there are some renewed hints of inflation; the hidden tax. Gold toppled $1,000/oz several days ago and holding above that level.

Quick-term Red Bulls are not to be argued with. Until Quick-term Red Bulls expire, this bull should be considered a thoroughbred, which is increasingly obvious. This is supported on a Near-term basis as Near-term Blue Bulls continue in their support. There will be no bearish threat until you see Near-term Blue Bulls begin to expire.

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

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

Contrarian VIX is the lone Near-term Bear. It is up 2.2% since the bear signal 1.6 weeks ago.

The remaining eleven major indices are up by an average of 21.5%, annualizing at 72.5%, since the NTI signaled bull an average of 15.4-weeks ago.

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

Although there were no new bull signals, the Quick-term Indicant is signaling bull for 11-major indices. They are up 15.4%, annualizing at 54.4%, since their bull signals an average of 14.7-weeks ago.

The lone bear, VIX, is down 33.0% since its bear signal 22.6-weeks ago. It will not receive a Quick-term Bull signal until it crosses above bearish yellow curve.

On-going attribute watch for major indices: Biases are dated at the time of observation. The next sentence advises of conditions and indicators each day, unless they are also dated.

QTI Red Bull Status-Jul 27, 2009-Bullish bias. Eleven of 11-non-contrarian indices are red bulls.

QTI Yellow Bear Status-Jul 23, 2009-Non-bearish bias. There are no non-contrarian yellow bears. VIX is a yellow bear.

-NTI Blue Bull Status-Sep 8, 2009-Bullish bias. Eleven of 11-non-contrarian are blue bulls.

-NTI Green Bear Direction – Jul 30, 2009-Non-bearish bias. Eleven of eleven non-contrarian are directionally non-bearish. VIX remains in decline.

-STI Force Vector Position- Sep 11, 2009-Non-bearish bias. Eleven of eleven in bullish domains.

-Vector Pressure Direction- Sep 14, 2009-Bullish bias. Eleven of eleven non-contrarian moving north.

-Short-term Trend Sensitive Attributes

QTI-Bullish Red Curve-Bullish unanimity with 11 of 11 Non-contrarian indices in bullish trend.

QTI-Bearish Yellow Curve-Non-bearish unanimity with 11 of 11 Non-contrarian indices in non-bearish trend

NTI-Bullish Blue Curve- Bullish unanimity with 11 of 11 Non-contrarian indices in bullish trend; Contrarian VIX is again moving north.

NTI-Bearish Green Curve- Non-bearish unanimity with 11 of 11 Non-contrarian indices in bullish trend.

STI-Vector Pressure-Bullish unanimity with 11 of 11-non-contrarian indices in bullish trend.

-Near-term Directional Intensity - Jul 30, 2009-Bullish unanimity remains with all NTI Bullish Blue and Bearish Green Rising. Blue Bulls remain in majority position.

-Political Climate – Congress in session, which is bearish, but technical data overriding at this point. Strong bullishness not likely to return until Congressional recess.

Current Strategy-Short-term Indicant-Sep 21, 2009-Mon-Near-term and Quick-term Bull continue without any serious threats. As previously stated, the bull is tiring and probably weary of the Congressional session now underway. Do not be surprised at limited dynamic behavior until the next Congressional recess.

Short-term ETF Report Card, Status, and Charts

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

Although there were no buy signals, the Near-term Indicant is signaling hold for 30-ETF’s. They are up by an average of 17.0%, annualizing at 69.4%, since their buy signals an average of 12.8-weeks ago. Although there were no sell signals, the NTI is avoiding one ETF; contrarian QID. It is down 15.8% since its sell signal 8.6-weeks ago.

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

The Quick-term Indicant is signaling hold for 30-ETF’s. They are up an average of 20.2% since their buy signals an average of 16.5-weeks ago. Those with hold signals are annualizing at 63.8%. Although there were no sell signals, the lone avoided ETF, QID, is down by 49.9% since its sell signal on Mar 26, 2009.

Quick-term Red Bulls significantly reduce the threat of dynamic and sustainable bearish behavior. As long as there are Quick-term Red Bulls, one does not have to worry about bearish dominance. Breadth protection improved from only 5-red bulls 49-trading days ago to 29-red bulls today. This is a significant non-bearish configuration with respect to disallowing dynamic behavior on the immediate horizon.

Force Vectors are configuring with normalcy. Favorable probabilities of bearish aggression continue shifting outward. Congressional behavior will influence fundamentals. If Congress behaves like communists, the bear will be aroused. Even with that, though, no sell signals will occur until prices interact with NTI green curves, which are moving north.

Near-term Indicant ETF Key Attributes

27-NTI Blue Bulls represent a solid majority supporting Near-term Bullishness.

30-NTI Blue Curves are sloping north and thus remain supportive of the NTI Bull.

28-NTI Green Curves are still sloping north, expressing non-bearishness.

There are no near-term green bears other that QID.

Quick-term Indicant ETF Key Attributes

29-QTI Red Bulls represent a solid majority supporting Quick-term bullishness.

29-QTI Bullish Red Curves are sloping north in solid majority support for Quick-term bullishness.

30-QTI Non-yellow Bears represent a solid majority supporting Quick-term non-bearishness.

30-QTI Bearish yellow curves are sloping north, highlighting solid non-bearishness.

The Short-term Indicant ETF Key Attributes:

28-Force Vectors are in bullish domains, providing near maximal bullish support. (Bullish cycle is mature and somewhat inviting for the bear to demonstrate its existence).

23-Vector Pressures remain in bullish domains with majority supporting bullish bias.

28-Vector Pressures are moving in a bullish direction with majority support of the bull.

Click the below link to see today’s Near-term, Quick-term, and Short-term Indicant signals. Links on that page will take you to a single chart with all the model’s position on each ETF.

http://www.indicant.net/Members/Updates/STI-SQI-QTI-ETF-SumPage/0UD%20QTI-ETF0-Sum.htm

Contrarian Funds

ProFunds Ultra Short mutual fund moves inversely to the QQQQ by exponential amounts. See the Mid-term Indicant for its status.

The Near-term Indicant signaled sell for QID on Jul 23, 2009. It is down 15.8% since that sell signal. The Near-term Indicant is on the verge of signaling buy. It would like to see Force Vector penetrate bullish domains. Its Vector Pressure, like that of TLT, is rising very slowly from bearish domains, which is bullish for those funds. (This is obviously a slow process).

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 49.9% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $34.91 and still falling. The rate of descent is accelerating.

ETF#03-Natural Resources - The Near-term Indicant and Quick-term Indicant signaled buy on August 3, 2009. It is up 5.4% since those buy signals, annualizing at 39.5%. This fund had been struggling, but bullish in six of the last nine days.

ETF#11-Gold and Precious Metals is up 22.0% since the QTI signaled buy on December 11, 2008. Annualized growth is at 27.8%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $87.35 and still rising.

The Near-term Indicant signaled buy on Apr 24, 2009. It is up 9.6% since then, annualizing at 23.1%.

It is a QTI Red Bull and a NTI Blue Bull. That suggests a real safe holding position.

It is up 1.3% since that buy signal, annualizing at 13.6%. It will be difficult for this hold to produce profitability as long as the market is bullish. However, a small stock market bearish spurt could help it along. It is configuring with strong bullishness; erratic Force Vector behavior in bullish domains and rising Vector Pressure are solid bullish configurations. I was again non-contrarian with today’s mild bearishness along with the stock market.

Major ETF Events

Sep 21, 2009-There were no major events today.

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

09/21/09

Sep 18, 2009 Indicant Daily Stock Market Report

Volume 9, Issue 13 ISSN 1526 6516 QT/ST

Today's Report

Short-term Indicant Stock Market Report - Summary

Overall configurations continue suggesting the bear cannot dominate at this time. Some minor indications of bullish fatigue continue with their assertions, but no longer accelerating. The market is sensing Congressional indecisiveness due to populace behavior. That is bullish and technical support for the bull remains in tact.

Quick-term Red Bulls are not to be argued with. Until Quick-term Red Bulls expire, this bull should be considered a thoroughbred, which is increasingly obvious. This is supported on a Near-term basis as Near-term Blue Bulls continue in their support. There will be no bearish threat until you see Near-term Blue Bulls begin to expire.

Do not be surprised at continuing non-bullishness in the next few days. However, there remains no significant bearish threat on the immediate horizon. The bull will most likely rest until Congressional recess and then take off again as long as Congress is stalled.

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

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

Contrarian VIX is the lone Near-term Bear. It is up 1.7% since the bear signal 1.1 weeks ago.

The remaining eleven major indices are up by an average of 21.9% annualizing at 75.8% since the NTI signaled bull an average of 15.0-weeks ago.

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

Although there were no new bull signals, the Quick-term Indicant is signaling bull for 11-major indices. They are up 15.7%, annualizing at 57.2%, since their bull signals an average of 14.3-weeks ago.

The lone bear, VIX, is down 33.3% since its bear signal 22.1-weeks ago. It will not receive a Quick-term Bull signal until it crosses above bearish yellow curve.

On-going attribute watch for major indices: Biases are dated at the time of observation. The next sentence advises of conditions and indicators each day, unless they are also dated.

QTI Red Bull Status-Jul 27, 2009-Bullish bias. Eleven of 11-non-contrarian indices are red bulls.

QTI Yellow Bear Status-Jul 23, 2009-Non-bearish bias. There are no non-contrarian yellow bears. VIX is a yellow bear.

-NTI Blue Bull Status-Sep 8, 2009-Bullish bias. Eleven of 11-non-contrarian are blue bulls.

-NTI Green Bear Status-Sep 2, 2009-Non-bearish bias. All 11-major non-contrarian indices are above bearish green and thus non-bearish. The VIX threat expired Sep 11, 2009, but is configured for a quick resumption of that threat based on its rising Vector Pressure. Other attributes are not yet supportive, though.

-NTI Blue Bull Direction-Jul 22, 2009-Bullish bias. Eleven of eleven non-contrarians are directionally bullish. Sep 11, 2009-VIX Blue Curve collapsed. It will be interesting to see if this completely discourages its bullish interest and resumes its threat to the overall bull market. Sep 15, 2009-VIX is configuring for its bullishness and stock market bearishness; not sustainable at this time, just a spurt.

-NTI Green Bear Direction – Jul 30, 2009-Non-bearish bias. Eleven of eleven non-contrarian are directionally non-bearish.

-STI Force Vector Position- Sep 11, 2009-Non-bearish bias. Eleven of eleven in bullish domains.

-STI Force Vector Direction – Sep 11, 2009-Bias difficult, as most are bullishly mature, offering a mild incentive for the bear to display its existence. (Sep 15, 2009-All that has happened since Sep 11 is extraordinary mild bullishness and mild bearishness with an edge to the bull).

-Vector Pressure Direction- Sep 14, 2009-Bullish bias. Eleven of eleven non-contrarian moving north.

-Short-term Trend Sensitive Attributes

QTI-Bullish Red Curve-Bullish unanimity with 11 of 11 Non-contrarian indices in bullish trend.

QTI-Bearish Yellow Curve-Non-bearish unanimity with 11 of 11 Non-contrarian indices in non-bearish trend

NTI-Bullish Blue Curve- Bullish unanimity with 11 of 11 Non-contrarian indices in bullish trend; Contrarian VIX remains collapsed.

NTI-Bearish Green Curve- Non-bearish unanimity with 11 of 11 Non-contrarian indices in bullish trend.

STI-Vector Pressure-Bullish unanimity with 11 of 11-non-contrarian indices in bullish trend.

-Near-term Directional Intensity - Jul 30, 2009-Bullish unanimity remains with all NTI Bullish Blue and Bearish Green Rising. Blue Bulls remain in majority position.

-Political Climate – Congress in session, which is bearish, but technical data overriding at this point. Strong bullishness not likely to return until Congressional recess.

As stated for several days, the NYSE and NASDAQ Indicant Volume Indicators are no longer configuring with potential robustness. Current configurations suggest limited support for bullish or bearish behavior. As stated the past several days, this favors the prevailing direction, which is bullish. However, volume in two of the last four days suggest increased non-bearish bias.

Current Strategy-Short-term Indicant-Sep 18, 2009-Fri-Not much has changed this week. Most attributes continue displaying a very weak and timid bear. Sep 17, 2009-Thu-Same as yesterday but with a mild hint of non-bullishness. Sep 16, 2009-Wed-Remain relaxed in your holdings. Any bearish expressions, with current configurations, will not threaten bull’s sustainability. Sep 15, 2009-Tue-Bullish fatigue is obvious, but the bear remains so weak that the bull continues its northerly march taking very small steps. VIX and Utilities suggests some minor vulnerability to this aging, but very strong, bull. Sep 14, 2009-Mon-Bullishly mature Force Vectors offer an opening for the bear. Even with bearish behavior, most of the Near-term, Quick-term, and Short-term attributes remain strongly configured in support of the bull. The Dow Utilities Force Vector is configuring with potential support for the bear. If the bear remains silent in the next two days, the bull will strengthen. Sep 11, 2009-Fri-Nothing has changed. Although bullish fatigue remains in effect, the bull, nonetheless remains dominant.

Short-term ETF Report Card, Status, and Charts

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

Although there were no buy signals, the Near-term Indicant is signaling hold for 30-ETF’s. They are up by an average of 17.5%, annualizing at 73.9%, since their buy signals an average of 12.3-weeks ago. Although there were no sell signals, the NTI is avoiding one ETF; contrarian QID. It is down by 15.4% since its sell signal 8.1-weeks ago.

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

The Quick-term Indicant is signaling hold for 30-ETF’s. They are up an average of 20.7% since their buy signals an average of 16.0-weeks ago. Those with hold signals are annualizing at 67.1%. Although there were no sell signals, the lone avoided ETF, QID, is down by 49.7% since its sell signal on Mar 26, 2009.

Quick-term Red Bulls significantly reduce the threat of dynamic and sustainable bearish behavior. As long as there are Quick-term Red Bulls, one does not have to worry about bearish dominance. Breadth protection improved from only 5-red bulls 48-trading days ago to 29-red bulls today. This is a significant non-bearish configuration with respect to disallowing dynamic behavior on the immediate horizon. This remains in effect in spite of bearish aggression three weeks ago and the return of Congressmen to Washington D.C.

Near-term Indicant ETF Key Attributes

27-NTI Blue Bulls represent a solid majority supporting Near-term Bullishness.

30-NTI Blue Curves are sloping north and thus remain supportive of the NTI Bull.

28-NTI Green Curves are still sloping north, expressing non-bearishness.

Quick-term Indicant ETF Key Attributes

29-QTI Red Bulls represent a solid majority supporting Quick-term bullishness.

29-QTI Bullish Red Curves are sloping north in solid majority support for Quick-term bullishness.

30-QTI Non-yellow Bears represent a solid majority supporting Quick-term non-bearishness.

The Short-term Indicant ETF Key Attributes:

28-Force Vectors are in bullish domains, providing near maximal bullish support. (Bullish cycle is mature and somewhat inviting for the bear to demonstrate its existence).

23-Vector Pressures remain in bullish domains with majority supporting bullish bias.

28-Vector Pressures are moving in a bullish direction with majority support of the bull.

Sep 18, 2009-Fri-Lost two NTI Blue Bulls today, but non-threatening to bullish bias.

Sep 17, 2009-Thu-Bullishly mature Force Vectors suggests potential non-bullishness the next few days.

Sep 16, 2009-Wed-There is little bearish support at this time.

Sep 15, 2009-Tue-Same as yesterday even though bullish Force Vectors are mature.

Sep 14, 2009-Mon-Overall ETF synergy continues supporting bull, even if bull is tired.

Click the below link to see today’s Near-term, Quick-term, and Short-term Indicant signals. Links on that page will take you to a single chart with all the model’s position on each ETF.

http://www.indicant.net/Members/Updates/STI-SQI-QTI-ETF-SumPage/0UD%20QTI-ETF0-Sum.htm

Contrarian Funds

ProFunds Ultra Short mutual fund moves inversely to the QQQQ by exponential amounts. See the Mid-term Indicant for its status.

The Near-term Indicant signaled sell for QID on Jul 23, 2009. It is down 15.4% since that sell signal. The Near-term Indicant is on the verge of signaling buy. It would like to see Force Vector penetrate bullish domains. Its Vector Pressure, like that of TLT, is rising very slowly from bearish domains, which is bullish for those funds. (This is obviously a slow process).

The Quick-term Indicant signaled sell for QID on March 26, 2009. It is down 49.7% since then. The Quick-term Indicant will not signal buy until it contacts the bearish yellow curve, which is valued at $35.04 and still falling. The rate of descent is accelerating.

ETF#03-Natural Resources - The Near-term Indicant and Quick-term Indicant signaled buy on August 3, 2009. It is up 6.3% since those buy signals, annualizing at 49.1%. This fund had been struggling, but bullish in six of the last eight days and appears to no longer be struggling.

ETF#11-Gold and Precious Metals is up 22.3% since the QTI signaled buy on December 11, 2008. Annualized growth is at 28.6%. Bearish yellow is a good price to set stop losses for a longer-term hold position, which is at $87.29 and still rising.

The Near-term Indicant signaled buy on Apr 24, 2009. It is up 10.0% since then, annualizing at 24.4%.

It is a QTI Red Bull and a NTI Blue Bull. That suggests a real safe holding position.

It is up 1.1% since that buy signal, annualizing at 12.2%. It will be difficult for this hold to produce profitability as long as the market is bullish. However, a small stock market bearish spurt could help it along. It is configuring with strong bullishness; erratic Force Vector behavior in bullish domains and rising Vector Pressure are solid bullish configurations. It was not contrarian last Thursday, but resumed its contrarian behavior in five of the last six trading days.

Major ETF Events

Sep 18, 2009-Fri-Contrarian TLT Force Vector crossed above Vector Pressure today, but barely. It will be interesting to see if TLT bullish resistance results from this early next week.

Sep 17, 2009-Thu-Contrarian TLT was disproportionately bullish, relative to mild market bearishness, adding to the suggested expectation of overall non-bullishness for the stock market in the next few days.

Sep 16, 2009-Wed-GLD is at a combined breakout and maximum resistance. If it is up tomorrow and passes above resistance, then breakout pricing should be profoundly bullish. Also, today’s bullish behavior was without synergy and somewhat of a concern; a mild one.

Sep 15, 2009-Tue-No major events; Dow Utilities is the most vulnerable to any bearish incursion.

Sep 14, 2009-Mon-Utilities bullish today, but simple money rotation.

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

09/18/09

Sep 17, 2009 Indicant Daily Stock Market Report

Volume 9, Issue 12 ISSN 1526 6516 QT/ST

Today's Report

Short-term Indicant Stock Market Report - Summary

Overall configurations continue suggesting the bear cannot dominate at this time. Some minor indications of bullish fatigue continue with their assertions, but no longer accelerating. The Congressional recess concluded with a return of potential anti-capitalistic efforts and thus adding a bit of added fundamental bearishness. However, technical support for the bull remains in tact.

The Near-term Bull is 27-weeks old. The average Near-term life cycles approximate 10-14-weeks. This does not mean they are always followed by a reversal cycle. Extended inflections can occur for several days or even weeks ahead of a renewed Near-term bull or bear cycle. This bull demonstrated dynamic responses to the bear’s influence in mid-July. If the bear does not demonstrate equal or greater magnitude in responses, this Near-term Bull will delay its expiration. So far, the bear has been silent to bullish expressions. Current configurations are offering very little encouragement to the bear other than bullish mature Force Vectors, which is the least serious threat to any bull cycle.

Quick-term Red Bulls are not to be argued with. Until Quick-term Red Bulls expire, this bull should be considered a thoroughbred, which is increasingly obvious. This is supported on a Near-term basis as Near-term Blue Bulls continue in their support. There will be no bearish threat until you see Near-term Blue Bulls begin to expire.

Do not be surprised at continuing non-bullishness in the next few days. However, there is no significant bearish threat on the immediate horizon.

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

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

Contrarian VIX is the lone Near-term Bear. It is up 0.6% since the bear signal 1.0 weeks ago.

The remaining eleven major indices are up by an average of 21.6% annualizing at 75.6% since the NTI signaled bull an average of 14.9-weeks ago.

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

Although there were no new bull signals, the Quick-term Indicant is signaling bull for 11-major indices. They are up 15.4%, annualizing at 56.9%, since their bull signals an average of 14.1-weeks ago.

The lone bear, VIX, is down 34.0% since its bear signal 22.0-weeks ago. It will not receive a Quick-term Bull signal until it crosses above bearish yellow curve.