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CGTS DAILY FOR WEDNESDAY 7 OCTOBER 2009

|Includes:COP, GAZ, GGB, Markel Corporation (MKL), MSFT, PG, RWM, SDP, SNE


Clark's
Gate Timing System
Wednesday 7 October
2009
 

 

There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crises should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.

 - Ludwig von Mises.

 We're getting the bounce we expected.  We'll have to watch how the indexes move to see if this short-term rally will have any legs.  The S&P 500 chart below shows an index that needs to rally past overhead resistance at 1080.15 to re-establish an upward bias.  A hesitation, and another decline, would indicate a tired bull.

INDEX VIEW


KEY: COLUMN 1: SYMBOL OF INDEX/ETF; COLUMN 2: M2F ALT = short-term momentum: above 70 = overbought; below 30 = oversold; COLUMN 3: 'TRADE" = current position using M4 Sum Plus Trade System.  COLUMN 4: "TREND" = short-term trend DIRECTION: above 0 is positive; below 0 is negative.  COLUMN 5: "M4 SP+" = issues with at least 2 consecutive days of positive M4 Sum Plus will register a 1.  COLUMN 6: 'M4 SP -" = issues with at least 2 consecutive days of negative M4 Sum Plus will register a 1.   COLUMN 7: "INT MOM" = M5 Average Sum Plus, which is an intermediate-term momentum indicator: 1 is positive; -1 is negative.  COLUMN 8: "LTERM MOM" = MA 40 Sum Plus, which is a long-term momentum indicator: +1 is positive; -1 is negative.  COLUMN 9: Name of Index.
 


DAILY INDEXES              
6-Oct M2F Alt Trade Short Trend M4 SP+ M4 SP- Int Mom LT Mom Issue
^AORD_D 26.552 Flat 17.37 0.00 0.00 -1.00 1.00 All Ordinaries Australian Index
^BKX_D 48.318 Flat -0.20 0.00 0.00 -1.00 1.00 Banking Index
^BVSP_D 93.322 Long 229.97 1.00 0.00 1.00 1.00 BOLIVIAN INDEX
^DJI_D 49.211 Flat 25.98 0.00 0.00 -1.00 1.00 DOW JONES INDUSTRIAL AVERAGE
^DJT_D 46.628 Flat -15.70 0.00 0.00 -1.00 1.00 Dow Jones Transport Index
^DRG_D 47.922 Flat 0.51 0.00 0.00 -1.00 1.00 Pharmaceutical Index
^FCHI_D 33.817 Flat 12.70 0.00 0.00 -1.00 1.00 CAC French Index
^FTSE_D 39.72 Flat 16.57 0.00 0.00 -1.00 1.00 FTSE Daily Index
^GDAXI_D 35.898 Flat 16.95 0.00 0.00 -1.00 1.00 DAX German Index Daily
^GSPC_D 46.249 Flat 2.88 0.00 0.00 -1.00 1.00 S&P 500 Index
^HGX_D 26.138 Flat -1.14 0.00 0.00 -1.00 -1.00 Philadelphia Housing Sector Index Daily
^HSI_D 63.502 Flat -54.03 0.00 0.00 -1.00 1.00 HANG SENG INDEX HONG KONG
^HUI_D 65.072 Flat 5.11 0.00 0.00 1.00 1.00 Gold Stock Index Daily
^JPN_D 0.755 Flat -0.35 0.00 -1.00 -1.00 -1.00 Japan Index
^KS11_D 4.41 Flat -11.32 0.00 -1.00 -1.00 -1.00 Kospi South Korean Index
^N225_D 10.303 Flat -24.17 0.00 0.00 -1.00 -1.00 Nikei Japan Index
^NDX_D 35.895 Flat 4.85 0.00 0.00 -1.00 1.00 Nasdaq Index Daily
^OEX_D 47.091 Flat 1.25 0.00 0.00 -1.00 1.00 S&P 100 Index
^RUT_D 42.951 Flat -1.87 0.00 0.00 -1.00 1.00 Russell SMall Cap Index Daily
^SMSI_D 50.439 Flat 4.25 0.00 0.00 -1.00 1.00 Madrid General Index Daily
^SOXX_D 38.035 Flat -1.27 0.00 0.00 -1.00 1.00 Phildelphia Semiconductor Index
^SSEC_D 0 Flat -35.31 0.00 -1.00 -1.00 -1.00 Shanghai Composite
^SSMI_D 29.538 Flat 16.76 0.00 0.00 -1.00 1.00 Swiss Index Daily
^TWII_D 73.951 Long 30.67 1.00 0.00 1.00 1.00 TAIWAN WEIGHTED INDEX
^TYX_D 77.617 Flat -0.02 0.00 0.00 -1.00 -1.00 30 YEAR TREASURY YIELD
^UTY_D 35.565 Flat 0.58 0.00 0.00 -1.00 -1.00 Utility Index
^VIX_D 49.476 Flat -1.49 0.00 0.00 1.00 1.00 CRB Volatility Index Daily
^XAU_D 64.143 Flat -0.14 0.00 0.00 1.00 1.00 Philadelphia Gold and Silver Index Daily
^XCI_D 38.779 Flat 2.25 0.00 0.00 -1.00 1.00 Amex Computer Index Daily
^XOI_D 53.455 Flat -2.36 0.00 0.00 -1.00 1.00 Oil Stock Index
CUT_D 47.305 Flat -0.04 0.00 0.00 -1.00 1.00 TIMBER ETF
DBO_D 64.894 Flat 0.18 0.00 0.00 1.00 -1.00 OIL POWERSHARES DB
FIO_D 29.427 Flat -0.17 0.00 0.00 -1.00 1.00 Industrial/Office REIT ETF
GAZ_D 75.875 Long 0.237 0.00 0.00 1.00 1.00 Natural Gas ETF
IAU_D 93.272 Long 0.207 1.00 0.00 1.00 1.00 Gold Daily
JJC_D 40.53 Flat -0.188 0.00 0.00 -1.00 1.00 Copper ETF
JJM_D 31.701 Long -0.081 0.00 0.00 -1.00 1.00 Industrial Metals ETN
UGA_D 90.127 Flat 0.366 1.00 0.00 1.00 1.00 US Gasoline ETF
UHN_D 55.542 Flat 0.217 0.00 0.00 1.00 -1.00 Heating Oil ETF
UUP_D 17.742 Short -0.028 0.00 -1.00 -1.00 -1.00 US DOLLAR INDEX BULLISH ETF


TODAY'S NEW TRADES

We continue to close positions with piece-meal gains and losses (more winners than losers).  And we continue to add to our long positions.  The long-term trends are still positive; and although we're leary of this market, we continue to follow our system because our system has no emotions.  A broad topping of the market still provides us with potential for gains on long trades -- although the best results for the long side of the market are probably over. 

We have some pictures below.  We like Sony (NYSE:SNE),  Proctor and Gamble (NYSE:PG) and Microsoft (NASDAQ:MSFT) today.  We liked MKL and GAZ yesterday -- we are going to keep posting updates on these two to see how we're doing with those trades.  And we are posting updates on a couple of Ultrashorts we entered (short) in September -- let's see how these trades are doing.

M2F ALT TRADE

Issue Close @ Position Open @ Date % Gain                          
COP_D 48.41 Exit Long 45.69 9/28/09 5.95%                          
GGB_D 14.35 Exit Long 13.39 9/28/09 7.17%                          

M5 10 Trading System
Issue Close @ Position Open @ Date % Gain                          
SGINX 15.28 Exit Long 15.25 9/17/09 0.20%                          

M2F ALT TRADING SYSTEM LT #2
Issue Close @ Position Open @ Date % Gain                          
UMM_D 25.01 Exit Long 26.52 9/15/09 -5.69%                          





More information on this system can be found at

home.mindspring.com/~mclark7/CGTS09.htm

A draft of the book Turn Out the Lights can be found at the website below.  This book is a description of the metaphysical causes of the economic cycles of expansion (Day) and contraction (Night).

www.hoalantrangallery.com/Turnoutlights.htm

 

Michael J. Clark's Gate Timing System
Hanoi, Vietnam

84 4 221 92210

Disclosure: the author owns no issues about which he writes.
Stocks: MKL, GAZ, MSFT, PG, COP, GGB, SNE, RWM, SDP