Friday's Update

By: Marty Chenard | Fri, Nov 4, 2011
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One of the things we do every night, is run a computer scan on the S&P 500 stocks and actually measure what the Strength level was for each one. From that computer run, we calculate how many of the 500 S&P stocks had Positive Strength and how many had Negative Strength.

The results gives you a picture of how the Bulls and Bears are doing against each other.

So, here is last night's chart ... A quick look at it and you will see that there are many more stocks in a bullish condition relative to the number of stocks in a bearish condition. So, the new positive bias that started on October 10th, remains in place. (This chart is updated every day, and can be found on Section 4, Chart 1 of the Standard subscriber site.)

Positive to Negative stock strength



Marty Chenard

Author: Marty Chenard

Marty Chenard
Asheville, NC 28805
Tel: 828-296-1200

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker. is dedicated to Stock Market Investors who want the best information on stock charts, stock market trends, stock market timing and technical analysis.

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