Posted 04 January 2010 - 07:46 AM
TheQQQQ Spread Indicator will yield its own buy and sell signals that maybe different from the Stock Barometer. It'smeant to give us an idea of the next turn in the market.
GoldSpread Indicator (AMEX:GLD)
Wantto trade Gold? Use our signals with theGold ETF AMEX:GLD. Gold gives us a generalgage to the overall health of the US Economy and the markets.
USDollar Index Spread Indicator (INDEX:DXY)
Wantto trade the US Dollar? Use our signalswith the Power Shares AMEX:UUP: US Dollar Index Bullish Fund andAMEX:UDN: US Dollar Index Bearish Fund.
BondsSpread Indicator (AMEX:TLT)
Wantto trade Bonds? Use our signals withLehman’s 20 year ETF AMEX:TLT. Thedirection of bonds has an impact on the stock market. Normally, as bonds go down, stocks will go up and as bonds goup, stocks will go down.
OILSpread Indicator (AMEX:USO)
Wantto trade OIL? Use our signals withAMEX:USO, the OIL ETF. We look at theprice of oil as its level and direction has an impact on the stockmarket.
SupportingSecondary Indicator
Wedaily monitor hundreds of popular and proprietary technical indicatorsthat break down market internals, sentiment and money flow to give usunique insight into the market. We featureat least one here each day in support of our current outlook.
Summaryof Daily Outlook
We remainin Buy Mode, looking for a move higher into yearend. Technically we’re there, so I’d expect a top to come insoon. We may have seen it on Tuesday and with weaker futures, butas the volume dries up, we’re still cautious for more upside here, sowe’ll be more patient for a sell signal.
Theequity put call ratio is coming off a top as well, so we’re seeing fearbuild with slight selling. That’s bullish. January normallystarts with a move into the middle of the month. So if we seemore selling here or the selling accelerate, it could be setting up foran early january rally...
If youhave any questions or comments, email me at Jay@stockbarometer.com.
Regards,
JayDeVincentis
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