The Noon Numbers Have The Remaining Models Go Bearish.

Just like yesterday  I ran the models around 12 Noon.  The results, like yesterday,  are bearish.  

The last 3 leverage ETFs say sell: SP 500, based on SPXL,Finance, based on FAS and Real Estate, based on DRN The other 7 went bearish yesterday.
 

I will rerun the models after 3 today and sometime on Saturday, after the nightly updates, if there are any changes I will repost.
  

Otherwise, the ETFs will be sold sometime Monday afternoon in the paper account

Update:
1) as of 3PM the models have not changed
2) the overnight updates hold, so let the selling continue.

Score: 0 Bulls and 10 Bears - 

----------- T H E   B U L L S --------------- 
 

----------- T H E   B E A R S --------------  

• SP 500, based on SPXL.  
• Finance, based on FAS
• Real Estate, based on DRN
• Biotechnology, represented by BIB 
• Energy, based on ERX  
• Mid Caps based on MIDU   
• Retail, based on RETL  
• Technology, based on TECL 
• Russell 2000 represented by  URTY
• Small Caps based on TNA

If The Noon Numbers Hold Then Several Of My Short Term Models Go Bearish

Usually I run the models after 3PM but today I randomly did it around 12 Noon.  The results were interesting - several models are now bearish.   I will rerun this after 3 and after the nightly updates if there are any changes I will repost.

Biotechnology, represented by BIB 
Energy, based on ERX
Mid Caps based on MIDU 
Retail, based on RETL
Technology, based on TECL
Russell 2000 represented by  URTY
Small Caps based on TNA

Otherwise, the ETFs will be sold sometime tomorrow afternoon in the paper account

1)  as of 3PM nothing has changed.
2)  no changes after the overnight database update, so the etfs will be sold this afternoon.

Score: 3 Bulls and 7 Bears -
----------- T H E   B U L L S --------------- 

• SP 500, based on SPXL.  
• Finance, based on FAS
• Real Estate, based on DRN

----------- T H E   B E A R S --------------  

• Biotechnology, represented by BIB 
• Energy, based on ERX  
• Mid Caps based on MIDU   
• Retail, based on RETL  
• Technology, based on TECL 
• Russell 2000 represented by  URTY
• Small Caps based on TNA

Sell-Off Causes All 10 Models To Be Bullish

With yesterday's huge drop in all indexes all 10 models tracked are bullish.

Sometime this  afternoon the 10 ETFs will be purchased in the paper account.  It's times like this that I'm glad I'm only paper trading.

Score: 10 Bulls and 0 Bears -

----------- T H E   B U L L S --------------- 

• SP 500, based on SPXL.  
• Finance, based on FAS
• Real Estate, based on DRN
• Biotechnology, represented by BIB
• Energy, based on ERX 
• Mid Caps based on MIDU  
• Retail, based on RETL 
• Technology, based on TECL 
• Russell 2000 represented by  URTY
• Small Caps based on TNA

----------- T H E   B E A R S --------------  

Sold The Seven; Earlier Than Normal

I sold the seven ETFs in the paper account, as stated in yesterday's post.  I usually wait until 3:30 to make a transaction occur in the account but today I decided to do it at 1:55, which in hindsight looks like a good move.

A Quick Turn-Around As All Models Are Bearish Again

Using the 3pm #'s as closing numbers, the 7 models that went bullish last Friday are now bearish: Biotechnology represented by BIB, Energy based on ERX, Mid Caps based on MIDU , Retail based on RETL, Technology based on TECL, Russell 2000 represented by  URTY, and Small Caps based on TNA

Unless the overnight edits change anything the 7 ETFs will be sold sometime Wednesday afternoon  in the paper account.

 
Score: 0 Bulls and 10 Bears -

----------- T H E   B U L L S --------------- 

----------- T H E   B E A R S -------------- 

• SP 500, based on SPXL.  
• Finance, based on FAS
• Real Estate, based on DRN
• Biotechnology, represented by BIB
• Energy, based on ERX 
• Mid Caps based on MIDU  
• Retail, based on RETL 
• Technology, based on TECL 
• Russell 2000 represented by  URTY
• Small Caps based on TNA

7 Models Now Bullish: Biotech, Energy, Retail,...

Using the 3PM numbers as closing numbers 7 models are now bullish: Biotechnology represented by BIB, Energy based on ERX, Mid Caps based on MIDU , Retail based on RETL, Technology based on TECL, Russell 2000 represented by  URTY, and Small Caps based on TNA

So sometime Monday afternoon the  ETFs will be purchased in the paper account.

Score: 7 Bulls and 3 Bears -

----------- T H E   B U L L S --------------- 

• Biotechnology, represented by BIB
• Energy, based on ERX 
• Mid Caps based on MIDU  
• Retail, based on RETL 
• Technology, based on TECL 
• Russell 2000 represented by  URTY
• Small Caps based on TNA

----------- T H E   B E A R S --------------

• SP 500, based on SPXL.  
• Finance, based on FAS
• Real Estate, based on DRN

The Last 3 Models Go Bearish

After today's close  the 3 models that were bullish:  SP 500, based on SPXL, Real Estate, based on DRN and Finance, based on FAS  are now on the bear side.

Sometime Tuesday afternoon the 3 ETFs will be sold in the paper account.
Score: 0 Bulls and 10 Bears -

----------- T H E   B U L L S --------------- 

 

----------- T H E   B E A R S -------------- 

• SP 500, based on SPXL.  
• Finance, based on FAS
• Real Estate, based on DRN
• Biotechnology, represented by BIB
• Energy, based on ERX 
• Mid Caps based on MIDU  
• Retail, based on RETL 
• Technology, based on TECL 
• Russell 2000 represented by  URTY
• Small Caps based on TNA

Today's Big Move Caused Several Models To Go Bearish

Seven  models became bearish with today's rise in the major indexes.  That leaves only 3 models bullish:  SP 500, based on SPXL, Real Estate, based on DRN and Finance, based on FAS.

Sometime Monday afternoon the 7 ETFs will be sold in the paper account.

Score: 3 Bulls and 7 Bears -

----------- T H E   B U L L S --------------- 

• SP 500, based on SPXL. 
• Finance, based on FAS
• Real Estate, based on DRN

----------- T H E   B E A R S -------------- 

• Biotechnology, represented by BIB
• Energy, based on ERX 
• Mid Caps based on MIDU  
• Retail, based on RETL 
• Technology, based on TECL 
• Russell 2000 represented by  URTY
• Small Caps based on TNA

10 of 10 Models Are Now Bullish

The present 8 bearish models became bullish with today's sell-off.  There were 2 models already on the bullish side:  SP 500, based on SPXL, and Finance, based on FAS.

This is scary because since last Friday several TA bloggers have made references to the "Hindenburg Omen" such as ... Hindenburg Omen Now Official - Second Signal In 4 Days

Since I'm only dealing with paper money for this experiment I am really not too concerned.  So as usual, sometime Wednesday afternoon the 8 ETFs will be purchased in the paper account.

Score: 10 Bulls and 0 Bears -

----------- T H E   B U L L S --------------- 

• SP 500, based on SPXL. 
• Finance, based on FAS
• Biotechnology, represented by BIB
• Energy, based on ERX
• Mid Caps based on MIDU
• Retail, based on RETL
• Technology, based on TECL
• Small Caps based on TNA
• Russell 2000 represented by  URTY
• Real Estate, based on DRN

----------- T H E   B E A R S -------------- 

Overnight Numbers Do Not Create Sell Signal

Yesterday afternoon I blogged that the last 2 models went to a sell indicator;  this was using the 1PM numbers as closing numbers.

Well the numbers didn't hold up, probably becuase of the sell-off late in the day.  So the count still holds at 2 Bulls and 8 Bears.