Friday, July 17, 2009

BarChart Weekly Market Momentun W/E July 17,2009 - CODE GREEN

Remember you should always first evaluate which way the Stock Market is Trending before you add or delete from your portfolio. No stock investment should be made in a vacuum.

Value Line Index Daily Moving Averages - This index contain approximately 1700 stocks
  1. ABOVE 20 DMA
  2. ABOVE 50 DMA
  3. ABOVE 100 DMA

Trading ABOVE all 3 Daily Moving Averages - BULLISH

BarChart Value Line Index w/DMA, Trend and 14 Day Turtle Chart

BarChart Market Momentum

What percentage of stocks are trading ABOVE or BELOW their Daily Moving Averages - Approximately 5800 stocks

  1. 81% ABOVE their 20 DMA
  2. 73% ABOVE their 50 DMA
  3. 88% ABOVE their 100 DMA

A sample of 5800 stocks shows that better than 50% of the stocks are ABOVE their DMA for all 3 periods - BULLISH

BarChart Market Momentum Table

BarChart New High/Low Ratios

  1. 20 DAY new H/L 1570/216 = 7.3 to 1
  2. 65 DAY new H/L 655/83 = 7.9 to 1
  3. 100 DAY new H/L 630/43 = 14.7 to 1

These are good numbers - New Highs far outnumber New Lows for all 3 periods - Very BULLISH

BarChart New H/L Table

It would appear we are in CODE GREEN and you should not be afraid to add to your portfolio holdings at this time

Wednesday, July 15, 2009

Sunday, July 12, 2009

BarChart Market Trend Indicators W/E July 10,2009

All 3 of the BarChart Indicators that I use to evaluate short term Stock Market trending are NEGATIVE - A CODE YELLOW situation still exists. Until the Market changes direction let your stop losses trigger and do not make new positions


Value Line Index Daily Moving Averages (approx 1700 stocks) 2 of 3 DMAs trending lower



  1. Trending BELOW its 20 DMA

  2. Trending BELOW its 50 DMA

  3. Trending ABOVE its 100 DMA

Value Line DMA Chart


BarChart Market Momentum ( approx 5725 stocks) Daily Moving Averages 2 of 3 trading lower



  1. 67% trading BELOW their 20 DMA

  2. 58% trading BELOW their 50 DMA

  3. 77% trading ABOVE their 100 DMA

BarChart Market Momentum



BarChart New High/Low Ratios 2 of 3 ratios lower



  1. 20 day H/L 355/1110

  2. 65 day H/L 157/296

  3. 100 day H/L 114/66

BarChart New High/Low