Market Indicators ( 02/10/2012)

NYSE (Blue Chips / Broad Market Indicator )

The Number of Highs  exceed the Number of  Lows.
The Advance/Decline Line is displaying some weakness.
The McClellan Oscillator has moved into Negative territory.
The Summation Index  appears to be forming a local Top.

  NYSE Summation and Oscillator Chart (* Updated Daily* )

NYSE  Advance/Decline Line Chart (* Updated Daily* )

The Number of Highs  exceed the Number of  Lows.
The Advance/Decline Line is displaying some weakness.
The McClellan Oscillator has moved into Negative territory.
The Summation Index  appears to be forming a local Top.
NASDAQ Summation and Oscillator Chart (* Updated Daily* )

NASDAQ  QQQ Advance/Decline Line Chart (* Updated Daily* )





Market Comments
The NYSE ( Blue Chips ) Indicators are displaying market weakness, so caution is appropriate.

The NASDAQ ( High Tech )   Indicators  are displaying market weakness, so caution is appropriate.

Major Equity Indexes Study these Major Market Index charts as they act as a barometer for the investing climate.

 



The McClellan Summation and Oscillator Indexes have done an
excellent job of illustrating the NYSE and NASDAQ advances and
declines. As opposed to price or NAV data this is a measure of their
Internal Strength. Checkout the above links to these charts.

Short term Market rallies are best played by  ProShares,
Ishares etc. in order to circumvent Fidelity's short term exchange fees.





Outstanding Chart Market Summary from www.StockCharts.com

Special Note:

• Please remember that it is not, how much you make that is important,  but how much you KEEP. Now is the time to PLAN your market exit  strategy for preserving your capital.

 

When all the market Indicators turn Red, a Double Red Alert Is in progress. This does not mean the market has to crash, but it does mean high market risk is present and it may be prudent to adjust your portfolio positions accordingly. When a Double Red Alert exists and the Hurst lower envelopes are penetrated to the Downside, defensive action is appropriate. (ie) Switching to the money market or defending open positions with short ( inverse ) Proshares ETF positions. Note:  The Double Red Alerts occur when the market is oversold. Therefore, this condition may also be a pivot point for a sharp counter rally.  This is why shorting stocks is so difficult.

E-mail Comments to Schippi@SelectSectors.com