Market Timing Charts Review

Tweet Market Timing Charts Review

We are on track to get to 1113 on SPX (200 bar MA and +2 sigma confluence). NYSE MO at +244 is too high,

we are slightly overbought, a small pullback is in order.

Notice DJ Trans strong up thrust [and channel breakout] was followed by RUT channel breakout.

This is all good for the bulls.

Notice the direction of our CI Indicators on VXO and VXN.  Our target for VXO is 17 (neg 3 sigma).

Our coveted SP1_MoMo Indicator shows SPX Advancing vs Declining Issues are thrusting upward.  MoMo is nearly magic 10 number.  We should expect a pull back first before resuming upward further.

Percent of SPX Components over their respective 200-Day MAs is now over 55% now and it is over its 50bar. This is all good for the long side.  Like to see this number over 70%-75%.

SPX 2010 is way behind its 2007 Analog but indicators are relatively strongervs their analogs.

Notice the low put/call readings.  This is good for the bulls.

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Updated SPX Analog 2010 vs 2007 Chart

Tweet Updated SPX Analog 2010 vs 2007 Chart

http://yfrog.com/12lgvp

for usage explanation need to watch tonight's webinar http://bit.ly/1VjQwW

Trading TF Webinar

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The incredible TF Trading Webinar with our SuperWoman @JT707 is now available for your review http://bit.ly/7Fnxe

We will add her Slides shortly

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an interview with Jeffrey Lin of marketHEIST.com

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Market Timing Charts Revisited as of Friday Close, February 26th, 2010

Tweet Market Timing Charts Revisited as of Friday Close, February 26th, 2010

Fari Hamzei

With the last week of trading for February behind us, the technical picture has not changed much since my last Market Timing Webinar last Sunday.

Next Friday, the Feb NFP will be published by BLS and should provide us some fireworks.  I expect a number around -50K for Feb NFP.  Until then, market should trade in a tight range for the next four days with a slight up bias (look at the CIs below in the Timer Chart and candlestick hammer put in on SPX on last Thursday, with low of its wick touching zero sigma).

Vols Chart chart confirms that (failure for VXO, VXN to get over their respective zero sigmas -- the yellow line).

And, last but not least, our coveted SP1 Indicator is in the +1 to +2 sigma channel (ideal up bias zone) for now.