Wednesday, April 13, 2016

Daily Market Update, ...by Direction Alerts

Direction Alerts
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Stocks Trade Up

The Dow Jones Industrial Average closed at 17,908.28, up 187.03 or 1.06%. S&P 500 closed at 2,082.42 up 20.71 or 1%. Nasdaq Composite closed at 4,947.42 up 75.33 or 1.55%.

Long Term Market Timing Signals


The chart above shows a red arrow when the Trend Momentum is going down and the rank crosses 0 from a bull market to a bear market. A green arrow is shown when the Trend Momentum is going up and the rank crosses 0 from a bear market to a bull market.
Market conditions are Bullish in a Bear Market as of 2016-04-13. This means traders and investors should consider trading with a Neutral or Bullish bias by buying stocks and setting tight stops. The rank of the Bear Market is -1.59. The Most recent Sell Signal came on Sept 21, 2015.

Short Term Market Timing Signals


98.8198.9890.27
The short term market timing portion of the newsletter shows a combination of all three indicators on one graph, the momentum, breadth and sentiment indicators. The red and green arrows on the chart above the indicator chart will show each time these indicators gave confirmation or confluence that meet the buy or sell criteria. When market conditions are at extreme levels this group of indicators will find reversal ranges. If you see multiple arrows stacked one on the other each represents the day that the confirmation signal was still in place. Sell Signals are generated when sentiment is above breadth and Breadth is above momentum and all are above 90. Buy signals are generated when momentum is lower than breadth, breadth is lower than sentiment and both breadth and momentum are lower than 40. Values shown for Momentum, Breadth and Sentiment on the above charts do not match those of the ones below, data has been normalized here. Evaluate those charts individually.

Momentum Indicator

The Momentum Indicator is currently at 139.79 indicating a bullish trend in stocks. Risk of a trend reversal is low. This means the current short term bullish trend is likely to continue. Extreme measures of this trend range are 70 to 140. This indicator's trend cycle extremes take place every 3 to 6 months.

The vertical buy and sell lines will only show a new line if a subsequent buy or sell signal has already been generated. For example, the indicator may be showing that it is in the buy range but there will not be a new buy Signal vertical line on the chart if there has not yet been a sell signal.

Breadth Indicator

The Breadth Indicator is currently at 90.07 indicating the breadth of stocks moving higher is very bullish. Risk of a bearish trend reversal is extreme. This means the current bullish trend is not likely to continue. Extreme measures of this trend range are 80 to 100. This indicator's trend cycle extremes take place every 3 to 6 months.

The vertical buy and sell lines will only show a new line if a subsequent buy or sell signal has already been generated. For example, the indicator may be showing that it is in the buy range but there will not be a new buy Signal vertical line on the chart if there has not yet been a sell signal.

Sentiment Indicator

The Sentiment Indicator is currently at 98.81 indicating the sentiment in the stock market is showing extreme complacency. Risk of a long term bearish trend reversal is extreme. This means the current long term bullish trend is NOT likely to continue. Extreme measures of this trend range are 95 to 100. This indicator's trend cycle extremes take place every 18 to 24 months.

The vertical buy and sell lines will only show a new line if a subsequent buy or sell signal has already been generated. For example, the indicator may be showing that it is in the buy range but there will not be a new buy Signal vertical line on the chart if there has not yet been a sell signal.
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