Van Meerten's picks

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

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 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

Comments: View Comments |  Sunday July 12, 2009