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[TTHQ Staff]

Stock Barometer Analysis

The barometer remains in Buy Mode after the Quadruple Witching Options Expiration day came and went, leaving us in our consolidation sideways looking for an advance into March 24^th.

The

 
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 cycle times.  However, due to their accuracy I post the dates here.  These dates are used to influence how quickly we issue a buy or sell signal.  

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 based on 'other' cycle work were 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.

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The following work is based on my spread/momentum indicators for the QQQQ, SPY, XAU, GLD and TLT.  They are tuned to deliver signals in line with the

The QQQQ Spread Indicators remain in Buy Mode, just above zero.

 

The QQQQ and SPY Spread Indicators will yield their own buy and sell signals and may be in Buy and Sell Mode that is different from the Stock Barometer. 

Gold & Silver Sector Index Spread Indicator (Index:XAU.X)
The XAU and Gold Spread Indicators remain in Buy mode, below zero.

 



The dollar Spread Indicator remains in Sell Mode, below zero.

 

I monitor Gold in the form of GLD and the XAU as well as the US Dollar Index as a general guide to the overall health of the US Economy and the markets, as well as to assist us in the entry of positions in our Gold Stock Service.

Bonds Spread Indicator (AMEX:TLT)
The Bond Spread Indicator remains in Sell Mode, below zero.

 

I include bonds in our studies and use Lehman’s 20 year ETF, as the direction of bonds can have an impact on the stock market.  Normally, as bonds go down, stocks will go up and as bonds go up, stocks will go down.

Supporting Secondary Chart


 
I have over 100 technical indicators, some that are widely followed and some that are proprietary.  These indicators break down the market internals, sentiment and money flow and give us unique insight into the market.  I feature at least one here each day in support of our current outlook.

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Summary of Daily Outlook

We remain in Buy Mode and expect the Qs to re-testing the gap set between February 26 and 27.  We anticipate the Qs to consolidate and move higher to the 44.5 level as we approach the March 24^th key reversal date.

This is our primary outlook as shown in the chart of the Qs above.  As indicated, if prices stay down at the current level for the next week, we’ll likely see an even stronger rally into the April 21st reversal date.

Note that bonds are in Sell Mode, but bond prices have not moved lower yet.  If bonds start to sell off, this could support stock prices as safe money seeks more risk. 

Have a great weekend.

Again, if you're new to the daily stock barometer, welcome.  This article comes out every trading day and gives a short term view of the market and our recent activities.  If you're interested in following our signals and learning more about our system, then [color= red;]I invite you to click here and subscribe to the daily service[/color] - since the market can turn on a dime and so to can our interpretation as the market gives its daily clues to the future.  Or sign up for our[color= red;] free weekly newsletter[/color], where we provide up to date articles from our various trading services.  We're also going to be releasing a free trading video in 2007 - so sign up today.

As always, if you have any questions or comments, feel free to email me at Jay@stockbarometer.com.

 

Regards,
Jay DeVincentis
 
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