Seeking Alpha

Michael Clark's  Instablog

Michael Clark
Send Message
Michael J. Clark was born and raised in Sinclair, Wyoming. He is a poet, novelist, artist, historian, and market analyst. His fine arts portfolio can be found at the following address: http://www.hoalantrangallery.com/MJC2.htm His writing portfolio can be found at:... More
My company:
Clark's Gate Timing System ©
  • CGTS DAILY FOR WEDNESDAY 7 OCTOBER 2009 0 comments
    Oct 7, 2009 5:22 AM | about stocks: MKL, GAZ, MSFT, PG, COP, GGB, SNE, RWM, SDP


    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
Back To Michael Clark's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.