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Market Sentiment At Its Lowest In 10 Months

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Stock Barometer

Stock Barometer

Stock Barometer

Stock Barometer is completely independent. We have never and will not ever accept compensation from any company whose stock we recommend. Our goal is to…

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Summer Rally?

6/21/2009 9:05:20 PM

Or bounce in a downtrend...


Market Chat
Weekly Discussions on 'anything' Trading Related.
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Explosive Stock Alert
5 position trade/portfolio - Issued as dictated by market action.
$9.95 per month or $95 per year.


Stock Barometer Analysis

The barometer remains in Sell 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
A professional Day Trader navigates you through 2 to 10 trades per day


Stock Barometer Cycle Time

Monday is day 11 in our down 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, 5/7, 6/8, 7/2, 7/17. We publish these dates up to 2 months in advance.

We're still looking for the market to move lower into 7/2. However, evidence is mounting for a potential retest of the highs.

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).


Spread Indicators

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.


Lynn T's 1-2-3 PLUS Alert
Provides buying and selling advice with 1/3 Index positioning for trends
use 2.5x Leverage and our advice as a hedge for your current portfolio.


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

The barometer remains in Sell Mode, and we are looking for the markets to move lower into 7/2, but note the increasing bearishness is reaching a level where we could see a further bounce.

The SOS timing indicator shows this real well. We'll be making some CALL OPTION Recommendations later tonight.

As a heads up on some of the happenings with our other services, Angelo Campione's Advantage Credit Spreads put up a 10% return in May, adding to his perfect record for 2009 and a 36.5% cumulative gain. This service is a great way to supplement your current returns. It's auto traded, so you can set aside a specific amount of money into an account and have these trades auto traded for you. If you're new to options and how they can be used to supplement your trading, feel free to give this service a try.

http://bmb.goemerchant.com/cart/cart.aspx?ST=buy&Action=add&Merchant=stockbarometer&ItemNumber=002

If you have any questions or comments, email me at Jay@stockbarometer.com.


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Regards,

 

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