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Michael Clark
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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 ©
My book:
TURN OUT THE LIGHTS
  • CGTS DAILY TRADING SIGNALS. For Tuesday, 21 September 2010. It is Autumn. Buy Signals: LXRX, FXY, XES, QLTI, BKX, ETFC, KSU, XME, DRYS; Shortsell Signals: TNP, IGT. 0 comments
    Sep 21, 2010 9:35 AM | about stocks: LXRX, TNP, FXY, XES, QLTI, ETFC, KSU, XME, DRYS, IGT
    CLARK'S GATE TIMING SYSTEM
      FOR: 21 September 2010, Tuesday
    - Autumn Equinox

    CGTS VIEW, MARKET MOMENTUM -- AND NEW TRADES

    Have to not be impressed by the continued rally.  0% interest rates are SUPPOSED to make the markets rally -- and markets are responding now with a bit of gusto.

    Trading momentum (our indicator below) jumped from 40% to 49% Bullish.  80% and above are overbought readings.

    89% of the issues I follow are trading in the Bullish Zone as opposed to the Bearish Zone.

    This rally clearly has some more life in it.

    We're watching the "F" and "G" Momentum Criteria below.  When "F" (especially) begins to deteriorate, we'll be at the end of the rally.  So far, 83% Bullish, which is quite positive for the markets at the moment.

    I can't believe the stories I read today that markets are 'on pins and needles, awaiting action by the Fed'.  What is this all about?  Is the Fed going to start raising rates?  What are the chances of that?  The Fed has been DESPERATE to INFLATE for many months now.  Are they suddenly going to get religion?

    CGTS PORTFOLIO

    We haven't shown our CGTS Portfolio for some time.  This shows the 9-10 Trading Systems we are working with, and how they have performed since 6/19/10.  ST = Short-Term Trading Systems (3 such systems).  The other trading systems are more intermediate- and long-term.  We invest $10,000 per trade.

     
    DAILY PORTFOLIO
     
     
    Active
    Active
    % Gain
    9/20/10
     
    Profit
    Trades
    Cost
    8.41%
    M4 SPIKE *
    ST
    $37,843
    45
    450000
    31.86%
    M53 vs Avg Dif
     
    $9,558
    3
    30000
    4.27%
    M2F ALT M4 2
    ST
    $2,134
    5
    50000
    2.70%
    M2F Diff Asp2+
     
    $2,974
    11
    110000
    0.21%
    M5 3 Avg Diff New
    ST
    $64
    3
    30000
    7.16%
    M53Avg Sim New2
     
    $7,155
    10
    100000
    5.18%
    M5 3 Avg +3
     
    $4,144
    8
    80000
    22.14%
    M4 Spike LT
     
    $11,070
    5
    50000
    8.49%
    M4 Spike LT 2
     
    $37,372
    44
    440000
    16.33%
    M5 3 Test LT
     
    $31,026
    19
    190000
    6.15%
    M5 3 ASP LT 2a
     
    $55,333
    90
    900000
    5.65%
    M53 Visual New2
     
    $4,518
    8
    80000
    7.97%
    M5/M5 What2?
     
    $37,467
    47
    470000
    40.21%
    M4 ASP REV TR *
     
    $16,085
    4
    40000
    2.22%
    CURRENCY
     
    $8,197
    37
    370000
     
    *subsumed into Spike
     
     
     
     
    7.53%
    Since 6/19/10
     
    $215,406
    286
    $2,860,000
     
    We have new trades for today.  See some charts below.  TNP is giving a shortsell signal.  TNP is Tsakos Energy Navigation -- it has been a short trade since May 2009 and continues to be so.  LXRX is Lexicon Pharmaceutical -- and it is giving a buy signal in two of our trading system.

    MON
     
     
     
     
    20-Sep
    PRICE
    Short/Long
    SHARES
    SYSTEM
    TNP
    13.38
    S
    -747
    Spike
    LXRX
    1.442
    L
    6935
    M2F M42
    LXRX
    1.442
    L
    6935
    M53avg diff new
    FXY
    115.4
    L
    87
    M53avg diff new
    AHCHY.PK
    21.4
    L
    467
    M53avg diff new
    XES
    28.9
    L
    346
    M2F Diff Asp2
    QLTI
    6.24
    L
    1603
    M2F Diff Asp2
    BKX
    47.9
    L
    209
    M2F Diff Asp2
    ETFC
    14.36
    L
    696
    M2F Diff Asp2
    KSU
    38.52
    L
    260
    M2F Diff Asp2
    XME
    52.22
    L
    191
    M2F Diff Asp2
    DRYS
    4.12
    L
    2427
    M53Avg +3
    IGT
    15.25
    S
    -656
    M53Avg +3
    SLGLF.ob
    0.005
    S
    -2000000
    M53 ASP LT2
     



    MARKET MOMENTUM
    TUES
    WED
    THURS
    FRI
    MON
     SUMMARY
    14-Sep
    15-Sep
    16-Sep
    17-Sep
    20-Sep
    GSPC - S&P 500 Index
    1121.1
    1125.07
    1124.66
    1125.59
    1142.71
     
     
     
     
     
     
    A. Trading Mom +
    218
    203
    175
    215
    311
    Trading Mom -
    44
    46
    49
    25
    15
    Bull %
    49%
    46%
    40%
    49%
    70%
    B. Mom Trend +
    291
    293
    294
    394
    397
    Mom Trend -
    70
    69
    68
    47
    45
    Bull %
    66%
    66%
    67%
    89%
    90%
    C. Advance/Decline +
    243
    225
    194
    237
    340
    Advance/Decline -
    118
    136
    168
    205
    102
    Bull %
    55%
    51%
    44%
    54%
    77%
    D. Long Trade
    170
    171
    138
    178
    257
    Short Trade
    35
    35
    36
    15
    8
    Bull %
    38%
    35%
    35%
    35%
    35%
    E. IT Trend +
    241
    251
    253
    342
    345
    IT Trend -
    119
    109
    107
    98
    95
    Bull %
    55%
    57%
    57%
    77%
    78%
    F. M5 3 M5 Avg Dif +
    288
    273
    272
    346
    366
    M5 3 M5 avg Dif -
    73
    88
    89
    95
    75
    Bull %
    65%
    62%
    62%
    78%
    83%
    G. M5 3/M5 Avg Diff Top
     
     
     
    17
    28
    M5 3/M5 Avg Diff Bottom
     
     
     
    5
    6
    Bull %
     
     
     
    77%
    82%
    Avg of avgs
    55%
    53%
    51%
    64%
    72%
     
     
     
     
     
     
    A. "Trading Momentum" = M4 ASP +1 vs -1; +1 bullish and -1 bearish.
     
     
     
    B. "Momentum Trend" = M4 ASP (+1 - 0) vs (0 - (-)1); in BUY ZONE or SELL ZONE.
     
    C. "Advance/Decline" = M4 ASP tick up vs tick down = mosr recent move up or down;
     
    D. "Long Trade/Short Trade" = M4 ASP +1/ Int-Trend positive vs M4 ASP -1/Int-Trend negative;
     
    E. "IT TREND" = Int-Trend positive vs negative. Slowest to turn. Most important long-term measure.
    F. "M5 3 vs M5 3 Average Differential" = Above zero bullish; below zero bearish. Perhaps best indicator for intermediate term moves.
    G. 'M5 3 vs M5 3 Average Diffential' = Those registering above +100 (top) vs those registering below -100 (bottom).
     
     
     
     
     
     
     
     
     
     
     
     
     

    INDEX PICTURES

    DJIA, Dow Jones Industrials: taking out old resistance.  This is a positive.  We'll begin to worry when M5 Average (black line, Top Pane) crosses M5 Momentum (brown line, Top Pane) and turns down.  Still some room to run.



    GSPC, S&P 500 Index: we said yesterday that the M5 Momentum Indicator (brown line, Top Pane) was bending back up, a very positive sign.  Well, it did bend back up; and now GSPC is taking our resistance, establishing a new high.  Still more room on the upside.



    N225, Nikkei, Japan Index.  Not much follow-up buying in Japan today.  There is still room on the upside.  But note how M5 Average (black line, Top Pane) is meeting M5 Momentum (brown line, Top Pane).  This generally makes it harder for prices to climb -- indicating an impasse is being reached.  Overhead resistance is waiting for the Nikkei.



    XCI, Computer Index: Has been a bit of a laggard, but is now trying to catch up.  Note the large gap between M5 Momentum Indicator (brown line) and M5 Average (black line) in the Top Pane.  This suggests more buying is possible, and even likely.



    VIX, CBOE Volatility Index.  Keep an eye on the VIX.  When it bottoms, stocks usually tank.  And the VIX is trying to bottom.  Note how the M5/M5 Average Differential (Bottom Pane, black line) is turning up.  If it goes through zero, we could be ready for selling again.



    TRADING SIGNALS

    A lot of sell signals today, and many bank stocks seems to be running out of gas.



    BKX, Bank Index.  Yesterday we were selling all the banks -- we have anotehr bank to see today (see below).  Today we're covering a short-sell positon in the Banking Index and going long.  This may be a short trade, as M5 is already in the overbought region -- although it is ready to tick up again.  M4 Sum Plus is in positive positive also (Middle Pane, black line).



    CSUN, China Sunergy. M5/M5 Average Differential (Bottom Pane, black line), is turning down pretty hard.  Take profits.



    DRYS, Dry Ships: looks like it's ready to rally. Look at M5 Momentum (brown line, Top Pane) coiling in a bottom, and getting ready to reach up.



    ETFC, E-Trade Financial.  Buy Signal.  Trading System M2F Diff ASP 2+.



    IES.DE, Intesa San Paolo: M4 Spike Trading System: sell, take profits.



    LXRX, Lexicon Pharmaceuticals.  M2F ALT M4 2 trading system.  Buy Signal.   A lot of negative seniment but not much selling, in fact, since early August.



    QLTI, QLT Inc.  M2F Diff ASP 2+ Trading System: buy signal.  Don't expect this signal to last long.  M5 Average (black line, Top Pane) is overbought and declining -- BUT stock has already given up a good amount of ground.  This system is apprently predicting an oversold rally here.



    STD, Banco Santander, Spain.  M4 Spike System: sell, take profits.



    XES, Spider Oil and Gas Equipment ETF.  M2F Diff ASP 2+ System.  When one looks at first at this chart, the impression is that XES is nearing a top.  But M5 3 Momentum (brown line, TOP PANE) looks to be preparing to bolt upward again.





    More information on the CGTS systems can be found at:

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

     

    MICHAEL J CLARK
    Clark's Gate Timing System
    Hanoi, Vietnam

    84 4 221 92210




    Disclosure: No positions to disclose.

    Disclosure: No positions to disclose.

    Disclosure: No positions to disclose
    Stocks: LXRX, TNP, FXY, XES, QLTI, ETFC, KSU, XME, DRYS, IGT
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