*** Status: Market Bullish – Sector Funds - Caution ***
Wow what a difference a week makes. The SP-500 had bullish move this week and is above the 50 day moving average once again, however it hasn’t taken out its recent highs so we are cautious. The general market trading filter I use (SP-500 53 day CCI) is now at 49 indicating Market Up which is up from -68 last week. My multiple composite SP-500 indicators on the daily chart now mixed with the Composite score of MACD crossing zero still bearish, but about to cross to bullish territory. As seen at the right, the major indices have all reversed and are now bullish.
The Guppy Plot for the SP-500 is moving towards bullish territory with the fast moving averages starting to cross up over the slow moving averages. The average slopes of both the fast moving and slow moving averages are once again positive. The ADX components are bearish but moving towards a bullish cross, and the Stoch is rising.
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. Please note we will no longer be publishing to our current model portfolios, but will soon publish model portfolios for long term investing. I hope you find this blog helpful. If you do, why not leave a comment.
This week's Rankings show Energy funds back on top after a week with bond funds at the top. 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 Cautiously Bullish
Advisory Sentiment: 51% Bullish / 22% Bearish
AAII Sentiment: 38% Bullish / 27% Neutral / 35% Bearish
Barchart: 48% Buy (last week 16% Sell)
Bulkowski: Bullish (CPI=100% last week 50%)
Buy-Don't Hold: Neutral (0)
Consensus Traders: 31% Bullish / 21% Neutral / 48% Bearish (for SPY)
MTR Investors Market Timing Model: Market Up
My Trend Timer: Bullish
OneQTrades: Down Trend
Stock TA (SPY): Neutral
Stock Trends: Bullish
Winning Investing: Condition Red: Caution Advised
Wishing Wealth: Up Trend - Cautious
dshort.com: Invested (Note - monthly 10-EMA signal)
Click on Charts to Enlarge
|SP-500 Daily Chart for March 27, 2011|
|SP-500 Daily Guppy Chart for March 27, 2011|