Clark's Gate Timing System ©
Friday 4 September 2009
Are we at a major top in the markets? Too early to tell. Fundamentally, it seems so. Technically, it's not certain.
The table below shows that we are long only AORD (Australia), HUI (Gold), KS11 (Korea), TWII (Taiwan), XAU (Gold), Gold; and we are short the U.S. Dollar.
|^AORD_D||+||neutral||long||All Ordinaries Australian Index|
|^DJI_D||-||neutral||out||DOW JONES INDUSTRIAL AVERAGE|
|^DJT_D||-||neutral||out||DOW JONES INDUSTRIAL AVERAGE|
|^DRG_D||-||neutral||out||DOW JONES INDUSTRIAL AVERAGE|
|^FCHI_D||-||-||out||CAC French Index|
|^FTSE_D||-||-||out||FTSE Daily Index|
|^GDAXI_D||-||-||out||DAX German Index Daily|
|^GSPC_D||-||neutral||out||S&P 500 Index|
|^HGX_D||-||-||out||Philadelphia Housing Sector Index Daily|
|^HSI_D||-||neutral||out||HANG SENG INDEX HONG KONG|
|^HUI_D||+||+||long||Gold Stock Index Daily|
|^KS11_D||+||neutral||long||Kospi South Korean Index|
|^N225_D||-||-||out||Nikei Japan Index|
|^NDX_D||-||neutral||out||Nasdaq Index Daily|
|^OEX_D||-||neutral||out||S&P 100 Index|
|^RUT_D||-||neutral||out||Russell SMall Cap Index Daily|
|^SMSI_D||-||-||out||Madrid General Index Daily|
|^SOXX_D||-||neutral||out||Phildelphia Semiconductor Index|
|^SSMI_D||-||-||out||Swiss Index Daily|
|^TWII_D||+||+||long||TAIWAN WEIGHTED INDEX|
|^TYX_D||-||-||out||30 YEAR TREASURY YIELD|
|^VIX_D||+||neutral||out||CRB Volatility Index Daily|
|^XAU_D||+||+||long||Philadelphia Gold and Silver Index Daily|
|^XCI_D||-||neutral||out||Amex Computer Index Daily|
|^XOI_D||-||neutral||out||Oil Stock Index|
|US Dollar||-||neutral||short||US Dollar|
We should a couple charts that might be interesting to traders: NDX (Nasdaq): Our M4 Sum Plus indicator has given a sell signal but the long trends are still positive; and the short-term momentum indicators are trying to bottom. Support is at 1563.73. The index closed Thursday at 1605.98.
The DJIA is a similar picture: support is at 9116.52. The key for both of these indexes is whether or not the M4 Sum Plus selling strength continues to dominate the chart (remember, one-day spikes up or down are ignored).
Our best short-term trading system (M5 10) is giving a buy signal on DJI. We think it might be a bit early to get back in. In the bottom pane of the chart below, you can see the M5 Sum Plus momentum indicator is down and is being followed down by its companion indicator, M5 M5 averaage Diff Sum Plus indicator. Our best guess is that there will be a one-day rally followed by another pull-back, with selling continuing to lower levels.
More information on this system can be found at
Portfolio of current ‘Seeking Alpha” trades at
MJ Clark's Gate Timing System
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