Some New Bearish Indicators

Today, both past 2 years and past year models for the small cap, based on SAA. and  based on TNA., are now  bearish.  While in the past 2 year model Energy, based on ERX., and Finance, based on FAS., are now bearish.


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With the past 2 year model the following bull indicators are:

  As of 12.05  Biotechnology, based on BIB .

  As of 12.21 SP 500, based on SPXL.

The past 1 year model has the following bull indicators:

   As of 12.14  Finance, based on FAS. 

  As of 12.21  Real Estate, based on DRN.
                    SP 500 based, on SPXL.                    Biotechnology, based on BIB  

   As of 12.24 Energy, based on ERX.

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 For both models the rest remain bearish:
            Technology, based on TECL .
            Basic Materials, based on MATL.
            Retail, based on RETL.

Single model bears are:
            Real Estate, based on DRN. (2 year model).
            Finance, based on FAS.  (2 year model).

Starting in 2013 I will paper trade the 1 year model.   See the "What If" page for transactions.

Both Energy Models Are Now Bullish

In the past 1 year model, the Energy model based on ERX., has become bullish; where it compliments the Energy past 2 year model.

So bulls keep coming.  The score in the 2 year model is Bulls 6,  Bears 4.  And the 1 year model score is Bull 7, Bears 3.

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With the past 2 year model the following bull indicators are:
   As of 12.14 Small Caps based on SAA.
                  Energy based on ERX.

  As of 12.05  Biotechnology based on BIB .

  As of 12.21  Finance based on FAS.
                    Small Caps based on TNA.
                    SP 500 based on SPXL.

The past 1 year model has the following bull indicators:
   As of 12.14 Small Caps based on SAA.

   As of 12.04 Energy based on ERX.

  As of 12.21  Real Estate based on DRN.
                    Small Caps based on TNA.
                    SP 500 based on SPXL.
                    Biotechnology based on BIB  

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 For both models the rest remain bearish:
            Technology based on TECL .
            Basic Materials based on MATL.
            Retail based on RETL.

Single model bears are:
            Real Estate based on DRN. (2 year model).

Bullish Aggregating Momentum Indicators Are Back

Update: Added BIB to yesterday's bull indications.

I'm surprised with Friday's down market that the models have generated several new bullish indications.

-----------B U L L    I N D I C A T O R S----------------


With the past 2 year model the following bull indicators are:
   As of 12.14 Small Caps based on SAA.
                  Energy based on ERX.

  As of 12.05  Biotechnology based on BIB .

  As of today: Finance based on FAS.
                    Small Caps based on TNA.
                    SP 500 based on SPXL.

The past year model has the following bull indicators:
   As of 12.14 Small Caps based on SAA.

   As of 12.04 Energy based on ERX.

   As of today: Real Estate based on DRN.
                    Small Caps based on TNA.
                    SP 500 based on SPXL.
                    Biotechnology based on BIB  

-----------B E A R    I N D I C A T O R S----------------

 For both models the rest remain bearish:
            Technology based on TECL .
            Basic Materials based on MATL.
            Retail based on RETL.

Single model bears are:
            Real Estate based on DRN. (2 year model).
            Energy based on ERX(1 year model).

3 1/2 New Bears

The past year model has 4 new bear indicators. While the past 2 year model has three, Biotechnology based on BIB remains a bull.

In both models Real Estate based on DRN,  Small Caps based on TNA and SP 500 based on SPXL. now show a bear indicator for the aggregating momentum models.

More Bulls Than Bears - Momentum Indicators.

After updating the models and using actual closing data the Aggregating Momentum indicators has several new bullish calls.  So here goes...


With the past 2 year model the following bull indicators are:
Small Caps based on SAA.
Small Caps based on TNA.
Energy based on ERX.
Real Estate based on DRN.
SP 500 based on SPXL (since 12/04).
Biotechnology based on BIB (since 12/05).

The past year model has the following bull indicators:
Small Caps based on SAA.
Small Caps based on TNA.
Real Estate based on DRN.
SP 500 based on SPXL.
Biotechnology based on BIB  (since 12/03).

Remaining bearish are:
Technology based on TECL .
Basic Materials based on MATL.
Retail based on RETL.
Energy based on ERX(1 year model).

Retail and Real Estate Back To Bullish

Both Retail (based on Direxion's RETL leveraged ETF) and Real Estate (based on Direxion's DRN leveraged ETF) have gone bullish.  Also of note both models (one based on data over the past 2 years and the other covering the past year) for both symbols are bullish.

All others remain bearish with the exception of Biotechnology. Biotech's past year model is bullish (since 12/04) while its two year model went bearish on Tuesday.

Two More Indicators Go Bearish: Retail and Biotech.

The retail and biotechnology indicators have gone bearish, just yesterday the small cap indicator did the same.   Retail (based on the leveraged ETF Direxion's RETL) is new to my tracking list but back-testing showed that it was bullish as of 12/06.  The biotech is based on BIB of Proshares..

Yesterday I reported Real Estate was bullish but that has changed with a new model build.

All others remain bearish; since 11/20.  The others are based on leverage ETFs covering Financials, Technology, Energy and one for the S&P 500.

Small Caps Indicator is Totally Bearish

The small cap aggregate momentum indicator, based on the leveraged ETF SAA and 2 years of data, has turned bearish. SAA's indicator using 1 year of data remains unchanged (bearish since 11/20).

So at this time the only fully bullish indicators are the Real Estate and Biotechnology indicators.

All others remain bearish; since 11/20.  The others are based on leverage ETFs covering Financials, Technology, Energy and one for the S&P 500.

Two New Bullish Indicators

The Real Estate and Biotechnology indicators have gone to the bullish side.

Small Caps remains bullish.

All others remain bearish; since 11/20.  The others are based on leverage ETFs covering Financials, Technology, Energy and one for the S&P 500.

Small Cap Indicator Bullish

The small cap aggregate indicator went bullish on 12.04.  All the others have been bearish since 11.20.