 |
|
 HOME |
ARCHIVES |
FORUMS |
SEARCH |
SITE MAP |
ABOUT US |
|
| Home -> Archives -> Jay DeVincentis -> Top? |
|
|
September 06, 2007 Top? |
  |
||
| |||
|
9/6/2007 7:10:43 AM Here is today's Daily Stock Barometer. Note we've tweaked the barometer to make the signal quicker to respond to direction changes in the market and we provide the spread indicators on a daily basis. There are instructions for subscribing below if you'd like to resume your subscription for the next few months, which are normally the most exciting in the stock market... Is the market topping here?
Stock Barometer Analysis The barometer remains in Buy Mode and is getting extended to the upside here. The Stock Barometer is my proprietary market timing system. The direction, slope and level of the Stock Barometer determine our outlook. For example, if the barometer line is moving down, we are in Sell Mode. A Buy or Sell Signal is triggered when the indicator clearly changes direction. Stock Barometer Cycle Time Today is day 3 in our Up Cycle. The Stock Barometer signals follow 5, 8, 13, 21 and sometimes 34 day Fibonacci cycles that balance with 'normal' market cycles. Knowing where you are in the current market cycle is important in deciding how long you expect to maintain a position. Potential Cycle Reversal Dates 2007 Potential Reversal Dates: 1/10, 1/14, 1/27, 1/31, 2/3, 2/17, 3/10, 3/24, 4/21, 5/6, 6/15, 8/29, 10/19. We publish these dates up to 2 months in advance. There still is the potential that the market will continue higher into 10/19, however, we'll need to see a bit of a retracement before hand. Most likely in this seasonally weak period ahead. My Additional timing work is based on numerous cycles and has resulted in the above potential reversal dates. These are not to be confused with the barometer signals or cycle times. However, due to their past accuracy I post the dates here. 2006 potential reversal dates: 1/16, 1/30, 2/25, 3/19, 4/8, 5/8, 5/19, 6/6(20), 7/24, 8/20, 8/29, 9/15, 10/11, 11/28. 2005 Potential reversal dates based on 'other' cycle work were 12/27, 1/25, 2/16, 3/4, 3/14, 3/29, 4/5, 4/19, 5/2, 6/3, 6/10, 7/13, 7/28, 8/12, 8/30-31, 9/22, 10/4, 11/15, 11/20, 12/16. The following work is based on my spread/momentum indicators for the QQQQ, GLD, USD, USO and TLT. They are tuned to deliver signals in line with the Stock Barometer and we use them only in determining our overall outlook for the market and for pinpointing market reversals. The level, direction, and position to the zero line are keys in these indicators. For example, direction determines mode and a buy signal 'above zero' is more bullish than a buy signal 'below zero'. QQQQ Spread Indicator (NASDAQ:QQQQ)
The QQQQ Spread Indicator will yield its own buy and sell signals that may be different from the Stock Barometer. It's meant to give us an idea of the next turn in the market. Gold Spread Indicator (AMEX:GLD)
To trade Gold, utilize the Gold ETF AMEX:GLD. This gives us a general gage to the overall health of the US Economy and the markets, as well as to assists us in the entry of positions in our stock trading service. US Dollar Index Spread Indicator (INDEX:DXY)
To trade the US Dollar, I'd utilize the Power Shares AMEX:UUP: US Dollar Index Bullish Fund and AMEX:UDN: US Dollar Index Bearish Fund. Bonds Spread Indicator (AMEX:TLT)
To trade Bonds, I recommend Lehman's 20 year ETF AMEX:TLT. Note that the direction of bonds can have an impact on the stock market. Normally, as bonds go down, stocks will go up and as bonds go up, stocks will go down. OIL Spread Indicator (AMEX:USO) *NEW*
To trade OIL, utilize AMEX:USO, the OIL ETF. We look at the price of oil as its level and direction can have an impact on the stock market. Supporting Secondary Indicator
I monitor over a hundred technical indicators, some that are widely followed and some that are proprietary. These indicators break down the market internals, sentiment and money flow and give us unique insight into the market. I feature at least one here each day in support of our current outlook - and to give you an education on what professional traders utilize. Summary of Daily Outlook We remain in Buy Mode as the barometer moved higher even as the market moved lower. The expectation over the longer term as we look at the next key reversal date of 10/19 is for the market to move lower, especially given the high barometer reading. However, note that the market can reset itself and position for a move higher with a nice retracement. So as much as the market likes to bottom in October, never rule out the opposite action in the market. While I haven't discussed the above spread indicators, it's nice to watch how they line up and could influence the stock market. We've also provided a little guidance on how to trade them. These are not aggressive vehicles, but if you're looking for exposure to the dollar, gold, oil and bonds, they sure come in handy. With each of the indicators, we provide two lines - an intermediate and a short term line. If you're going to trade these, you need to understand the relationship between the short and mid term moves. Oil is a good example, as it's getting extended on a short term basis and should consolidate, however, it's mid term line is moving high and closing in on the zero level. What happens here will be significant for oil going forward. Combine these signals with basic technical analysis, and you should be in a good position to trade them. Let me know if you have any questions. Continue receiving buy and sell signals and trading advice on the QQQQ, Gold, Bonds and Oil for only $24.95/month CLICK HERE before your free trial ends. Save 20% by subscribing for a year for only $239 (click here). If you have any questions or comments, email me at Jay@stockbarometer.com. Regards,
|
|||
Jay DeVincentis Trading involves high risk. Past results are not indicative of future returns. Stockbarometer.com and all individuals affiliated with Stockbarometer.com assume no responsibilities for your trading and investment results. Patrice V. Johnson's - J.E.D.I. Trader Explosive Stock Trader Stock Options Speculator Angelo Campione's Advantage Credit Spreads Lynn T's 1-2-3 PLUS Alert ETF Advisor Fundamental Trader Alert Daily Stock Barometer QQQQ Trader and Rydex Trader: issued by 10pm in the evening when the Barometer system issues a Buy or Sell Signal. Stock Barometer Premier Membership Click Here to visit our subscribe page learn more about any of our services. Earn Money referring us to your friends, family and other traders. Click here for details: http://www.stockbarometer.com/affiliate.aspx To ensure delivery and prevent this e-mail from being delivered to your bulk mail folder, please add our 'From' e-mail address, info@stockbarometer.com, to your address book. Important Disclosure Futures, Options, Mutual Fund, ETF and Equity trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to buy/sell Futures, Options, Mutual Funds or Equities. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this Web site. The past performance of any trading system or methodology is not necessarily indicative of future results. Performance results are hypothetical. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as a lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Investment Research Group and all individuals affiliated with Investment Research Group assume no responsibilities for your trading and investment results. Investment Research Group (IRG), as a publisher of a financial newsletter of general and regular circulation, cannot tender individual investment advice. Only a registered broker or investment adviser may advise you individually on the suitability and performance of your portfolio or specific investments. In making any investment decision, you will rely solely on your own review and examination of the fact and records relating to such investments. Past performance of our recommendations is not an indication of future performance. The publisher shall have no liability of whatever nature in respect of any claims, damages, loss, or expense arising out of or in connection with the reliance by you on the contents of our Web site, any promotion, published material, alert, or update. For a complete understanding of the risks associated with trading, see our Risk Disclosure. Copyright © 2004-2008 Investment Research
Group, Inc. Image rendition and html coding Copyright © 2000-2008 SafeHaven.com « BullionVault.com
-- Buy gold online - quickly, safely and at low prices » « Opinions expressed at SafeHaven are those of the individual authors and do not necessarily represent the opinion of SafeHaven or its management. Articles are available via RSS/XML. Please visit RSSHelp for instructions. » |
Printer Friendly
eMail Article
Top of Page
DISCLAIMER
|
HOME |
ARCHIVES |
FORUMS |
SEARCH |
SITE MAP ABOUT US | LINKS | CONTACT US Copyright © 2000-2008 - SAFEHAVEN.com |
ColdFusion by COSTAS PILIOTIS Server Admin by DIGITAL ADMIN SafeHaven Web Site FEEDS  |