3/24/2009 8:39:22 PM
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The market retraced, quite predictably. What's next?
Stock Barometer Analysis
The barometer remains in Buy Mode.
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. Trend and support can override the barometer signals.
Day Trading Edge - with Paul Soo
Join a professional Day Trader as he navigates you through 2 to 10 trades per day
Stock Barometer Cycle Time
Wednesday is day 11 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.
The Advantage Report - with Angelo Campione
S&P and Nasdaq Market timing advice for only $10.95/month
Potential Cycle Reversal Dates
2009 Potential Reversal Dates: 1/20, 2/11, 3/7, 3/15, 4/8, 4/16, 4/27. We publish these dates up to 2 months in advance.
The market is moving up into April.
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.
2008 Potential Reversal Dates: 12/31, 1/11, 2/1, 2/13, 3/6, 4/5, 4/22, 5/23, 6/6, 6/27, 7/13, 9/2, 10/3, 10/22, 11/10, 12/11. 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, 11/29, 12/13, 12/23, 12/31, 1/11/08. 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: 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.
Patrice V. Johnson's - J.E.D.I. Trader
Stocks, Options and Options on futures advisory service (up over 100% in 2008).
Use the following spread/momentum indicators to assist in your trading of 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)
Want to trade Gold? Use our signals with the Gold ETF AMEX:GLD. Gold gives us a general gage to the overall health of the US Economy and the markets.
Bill West's Fat Pitch ETF Advisory
ETF Advisor trades a diversified portfolio of the hottest Exchange Traded Funds.
US Dollar Index Spread Indicator (INDEX:DXY)
Want to trade the US Dollar? Use our signals with the Power Shares AMEX:UUP: US Dollar Index Bullish Fund and AMEX:UDN: US Dollar Index Bearish Fund.
The McMillan Portfolio ($18.95/Month)
Get specific advice to manage a portfolio of Stocks and Options
Bonds Spread Indicator (AMEX:TLT)
Want to trade Bonds? Use our signals with Lehman's 20 year ETF AMEX:TLT. The direction of bonds has an impact on the stock market. Normally, as bonds go down, stocks will go up and as bonds go up, stocks will go down.
Stock Options Speculator
SOS recommends very aggressive stock options plays that target >100% gains.
OIL Spread Indicator (AMEX:USO)
Want to trade OIL? Use our signals with AMEX:USO, the OIL ETF. We look at the price of oil as its level and direction has an impact on the stock market.
Angelo Campione's Advantage Credit Spreads ($49.95/month)
Using Options to Target Consistent & Conservative Profits - up over 100% in 2007!
Supporting Secondary Indicator
We daily monitor hundreds of popular and proprietary technical indicators that break down market internals, sentiment and money flow to give us unique insight into the market. We feature at least one here each day in support of our current outlook.
The McMillan Letter ($8.95/Month)
Join Analyst Mark McMillan as he identifies current opportunities
Summary of Daily Outlook
We remain in Buy Mode, looking for the market to move higher into April. The timing will be very interesting, as the market is overbought - but as you should know by now, markets can remain oversold or over bought longer that you can remain solvent fighting them.
That being said, our secondary indicator is indicative of the peak - the difference would be if the markets can continue higher and keep the indicator extended.
We have some great things going on in our services - even before the market rebounded:
Fat Pitch ETF service is up over 100% annualized. We annualized the performance because the author, Bill West, a former commodities trader has only been running the service since last May. But he's been tearing it up.
Advantage Credit Spreads is at 18% in its first 3 months and 28.5% in the last 5 months without a losing trade. The service admittedly had a difficult 2008 after returning over 100% in 2007 - but Angelo has done well to work a few kinks out of the system and it's definitely showing in his 2009 performance.
The McMillan Portfolio just added a 40% short term gain to its portfolio of longer term trades.
The JEDI Trader service was up over 109% in 2008. 2009 is off to a profitable start as well.
And our 1-2-3 Plus Alert service outperformed the market by over 60% last year.
I am proud to be able to provide such services to you at the industry's lowest prices and invite you to give them a try.
If you have any questions or comments, email me at Jay@stockbarometer.com.