I'm in the midst of a lot of traveling hence the light or non-existent posts during the week. The general market trading filter I use (SP-500 53 day CCI) is at 97 indicating Market Up. My multiple composite SP-500 indicators on the daily chart are both positive also providing a bullish signal. As seen at the right the CCI(53) indicator is positive for all the four major indices. The SP-500 has been consolidating around 1180 for the last couple of weeks. Several of the subscription services I follow suggest being very cautious at the moment, especially with the mid-term elections occuring next week. The market hates uncertainty, and the results of the election could cause more uncertainty in Congress. This week there are no changes to the model portfolios.
This week's Rankings show sector funds are now at the top with most bond funds moving down in 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.
No actions this week.
Model portfolios are listed here.
Performance (NOT including dividends):
Vanguard: 1.97% (SPY: 10.69%)
Schwab: 7.96% (SPY: 10.44%)
Exclusive Verified Trading Systems
Vanguard Free ETFs
Broad Set of Liquid ETFs
No positions at the time of this post.
What others are saying (all free sites): Overall Bullish
Barchart: 64% Buy
Bulkowski: Neutral (shorter term signal CPI=61.1%)
Buy-Don't Hold: Buy Signal
MTR Investors Market Timing Model: Market Up
My Trading System: Up Trend
Stock TA (SPY): Bullish
Stock Trends: Bullish
Winning Investing: Condition Green - Go For It!
Wishing Wealth: Up Trend but cautious
dshort.com: Invested (Note - monthly 10-EMA signal)
Click on Charts to Enlarge
|SP-500 Daily Chart for October 30, 2010|
|SP-500 Daily Guppy Chart for October 30, 2010|