*** Status: Market Bullish –
Sector Funds ***
The Market moved yet again higher, with the SP-500 rising 1.19% percent for the week.. Sector Funds remain firmly at the top of the Rankings - now for the most part out of the safe haven industries. The general market trading filter I use (SP-500 53 day CCI)
is now at +196 slightly up from from +190 last week indicating Market Up. The
composite SP-500 indicators on the daily chart are just Bullish with the
CCI(53) composite Bullish, and the MACD composite Bullish. The CCI indicators
at the right give a good indication of the market indicating a bullish state for all
the indices with bond funds in decline as indicated by IEF.
The Guppy Plot for the SP-500 Index is Bullish with the Fast Moving Averages above the Slow Moving
Averages. The average slope of the Fast Moving Averages is positive and
the average slope of the Slow Moving Averages is positive. The ADX components remain Bullish and the Stoch is back up.
We’ll
see what the next week brings. We don't try to forecast the market here, rather
we just monitor the current conditions and react accordingly. I hope you find
this blog helpful. If you do, why not leave a comment.
Rankings:
This
week's Rankings continue to have sector
funds at the top of the Rankings. Ranking scores are color coded to indicate
positive ranking scores (rate of change / volatility) in green, and negative
ranking scores in red. Overall the list is sorted by overall rank but the score
that makes up the rank can be positive or negative depending on the recent rate
of change. The full list of the funds that are ranked can be found under
the Funds tab. Current Rankings of the Funds can be found under
the Rankings tab.
What
Others are Saying (all free sites): Overall - Bullish
Click
on Charts to Enlarge
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| SP-500 Daily Chart for May 12, 2013 |
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| SP-500 Daily Guppy Chart for May 12, 2013 |