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CGTS DAILY FOR WEDNESDAY 16 SEPTEMBER 2009

Clark's Gate Timing System
Wednesday 16 September 2009
 

"This is deflation in action: falling prices that are, in effect, a transfer of wealth from landlords, goods producers and retailers to consumers."
Tom Petruno 


INDEX VIEW


The technical Index picture continues to be bullish -- of course, the fundamentals are another story.  I won't go into that.  The Banking Index and the Nikkei are still at crucial points, in  a short-term sense at least.  I'm going to keep following these indexes so we can see how they play out.  Also, DRG, the Pharmaceutical Index, is also attempting to go lower.  SSEC, the Shanghai Index, is trying to get through overhead resistance and re-establish a more bullish picture.  Today it fell back and looks like it may have trouble getting through the resistance.

The banking index is trying to bottom here for a re-test of overhead resistance.  But we got a sell signal on Citicorp today with our intemediate-term trading system (M2F alt LT 2).  See the chart below.  GS still looks strong; BAC is weakening.  We're getting a buy signal on FITB, First Bancorp, see below.

We got a short sell signal on FXP Short China Index ETF.  We're expecting China to continue to be strong.


KEY: M2F ALT = short-term momentum: above 70 = overbought; below 30 = oversold; 'TRADE" = current position using M4 Sum Plus Trade System.  "TREND" = short-term trend DIRECTION: above 0 is positive; below 0 is negative.  "M4 SP+" = issues with at least 2 consecutive days of positive M4 Sum Plus will register a 1.  'M4SP -" = issues with at least 2 consecutive days of negative M4 Sum Plus will register a 1M4 Sum Plus is a VERY short-term momentum indicator.  "INT MOM" = M5 Average Sum Plus, which is an intermediate-term momentum indicator: 1 is positive; -1 is negative.  "LTERM MOM" = MA 40 Sum Plus, which is a long-term momentum indicator: +1 is positive; -1 is negative.
 


DAILY INDEXES            
16-Sep M2F alt Trade Trend M4 SP+ M4 SP- Int Mom LT Mom
^AORD_D 55.587 Long 21.52 0 0 1 1
^BKX_D 71.488 Flat 0.37 0 0 -1 1
^BVSP_D 93.173 Long 230.92 1 0 1 1
^DJI_D 92.112 Long 33.41 1 0 1 1
^DJT_D 100 Long 21.96 1 0 1 1
^DRG_D 70.366 Long 0.55 0 0 -1 1
^FCHI_D 97.133 Long 16.36 1 0 1 1
^FTSE_D 10-Apr Long 19.89 1 0 1 1
^GDAXI_D 98.329 Long 21.56 1 0 1 1
^GSPC_D 96.84 Long 3.77 1 0 1 1
^HGX_D 86.02 Long 1.23 1 0 1 1
^HSI_D 35.54 Long 166.29 0 0 1 1
^HUI_D 89.661 Long 4.68 0 0 1 1
^JPN_D 15.543 Flat 0.26 0 -1 -1 -1
^KS11_D 84.852 Long 4.85 1 0 1 1
^N225_D 10.508 Flat 24.66 0 0 -1 1
^NDX_D 98.999 Long 6.27 1 0 1 1
^OEX_D 93.738 Long 1.58 1 0 1 1
^RUT_D 96.982 Long 2.67 1 0 1 1
^SMSI_D 97.125 Long 5.10 1 0 -1 1
^SOXX_D 58.493 Long 2.08 0 0 1 1
^SSEC_D 82.998 Long 28.13 0 0 1 1
^SSMI_D 71.049 Long 20.75 0 0 -1 1
^TWII_D 73.245 Long 43.64 1 0 1 1
^TYX_D 31.204 Flat 0.02 0 0 1 -1
^UTY_D 86.245 Long 0.77 1 0 -1 1
^VIX_D 25.77 Short -0.64 0 -1 -1 -1
^XAU_D 88.841 Long 1.60 0 0 1 1
^XCI_D 97.568 Long 2.79 1 0 1 1
^XOI_D 93.08 Long 5.38 1 0 1 1
DBO_D 19.441 Long -0.07 0 0 -1 -1
IAU_D 82.284 Long 0.20 0 0 1 1
UUP_D 0 Short -0.03 0 -1 -1 -1




TODAY'S TRADES

Nine sell signals today, all winning trades, 2 short and 7 long.  New positions: Short FXP, Short China Indexes ETF; Long UMM, Housing Bullish EFT; Long FITB, First Bancorp. 


9/15/09          
Tuesday          
M2F ALT Trading System        
Issue Price Position Shares    
FITB_D 10.3 Enter Long 970.8737864    
           
M5 10 Trading System        
Issue Close @ Position Open @ Date % Gain
ORCL_D 22.66 Exit Long 21.94 9/3/09 3.28%
^NDX_D 1,699.53 Exit Long 1605.98 9/3/09 5.83%
FXE_D 146.67 Exit Long 142.65 9/3/09 2.82%
PCLN_D 163.1 Exit Long 151.63 9/3/09 7.56%
QQQQ_D 41.81 Exit Long 39.51 9/3/09 5.82%
UDN_D 28.05 Exit Long 27.48 8/27/09 2.07%
PSQ_D 48.49 Exit Short 51.36 9/3/09 5.92%
UUP_D 22.71 Exit Short 23.24 8/27/09 2.33%
           
Issue Price Position Shares    
None          
           
M2F ALT LT 2 Trading System      
Issue Close @ Position Open @ Date % Gain
C_D 4.12 Exit Long 2.8 7/22/09 47.14%
Issue Price Position Shares    
UMM_D 26.52 Enter Long 377.0739065    
           
M4 Sum Plus Average Reverse      
Issue Price Position Shares    
FXP_D 9.23 Enter Short -1083.423619    






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

 

MJ Clark's Gate Timing System
Hanoi, Vietnam

84 4 221 92210