*** Status: Market Bullish – Sector Funds ***
The
market continued it bullish move with the the SP-500 up another 1.14%%
for the week, crossing 1500 a level not seen since late 2007. As such, Sector Funds are at the
top of the Rankings.
The general market trading filter I use (SP-500 53 day CCI) is now at
+157 indicating Market Up, down slightly from +159 last week. The
composite SP-500 indicators on the daily chart remain 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 we're essentially now back in a bullish
market.
The Guppy
Plot for the SP-500 Index is back to a solid bullish state 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 also positive. The ADX components are now Bullish and the Stoch has
moved 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 now
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
Barchart: SP500:
80% Buy (80% Buy last week )
Barchart QQQ: 40% Buy (56% Buy last week )
Click
on Charts to Enlarge
 |
| SP-500 Daily Chart for January 27, 2013 |
 |
| SP-500 Daily Guppy Chart for January 27, 2013 |
No comments:
Post a Comment