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CGTS Daily Report: Thursday, 22 July 2010

CLARK'S GATE TIMING SYSTEM
  22 JULY 2010
- THURSDAY


BUY SIGNALS: IBM, BKX (Banking Index)
SELL SIGNALS: None
SHORTSELL SIGNALS: None
COVER SIGNALS: None

I have to admit I'm 'unusually uncertain' as to where all this buying strength came from.  We're still negative on the markets; but we are surprised that there was such weak selling earlier this week.  Our long-term momentum is still negative; but our short-term moment jumped a whopping 127 points today.

We're approaching overbought; and this will tell us how much latent buyiing there remains in the markets.

PART 1.  MOMENTUM REPORT

There is a daily change of Positive 127

129 Positive vs. 10 Negative.

Overall, 144 issues are still in negative long-term momentum trends; 138 in positive momentum trends.  

Short-Term Momentum Reading:
Issues giving -1 or +1 readings today:
22 July 2010: 10 Negative and 129 Positive.
21 July 2010: 37 Negative and 29 Positive.
  Daily Change: + 127.

Intermediate-Term Momentum Trading Signals:
Issues giving a "Long" or a "Short" Reading:
22 July 2010: 31 "Short" and 54 "Long".
21 July 2010: 28 "Short" and 20 "Long".
  Daily Change: +31.

Long-Term Momentum Trend:
Issues giving +1 or -1 readings most recently:
22 July 2010: 144 Negative; 138 Positive.
21 July 2010: 158 Negative; 124 Positive.
Daily Change: +28.

PART TWO.  TRADING SIGNALS


Not much action today.  Two buy signals: IBM, and BKX, Banking Index.

 
Issue
Symbol
Close
New
Purchase
Purchase
Gain
%Gain
7/23/10
 
 
Signal
Price
Date
 
 
 
 
 
 
 
 
 
 
LONG TRADES
 
 
 
 
 
 
 
Sell Long Trades
 
 
 
 
 
 
 
None
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
New Buy Signals
 
 
 
 
 
 
 
International Business Machines
IBM
147.47
Enter Long
147.47
22-Jul
0
0.00%
Banking Index
^BKX
47.64
Enter Long
47.64
22-Jul
0
0.00%
 
 
 
 
 
 
 
 
SHORT TRADES
 
 
 
 
 
 
 
Cover Short Trades
 
 
 
 
 
 
 
None
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
New Shortsell Signals
 
 
 
 
 
 
 
None
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


Here are some charts that show some trades from the group above (today's trades).



BKX. Banking Index: buy signal.



IBM, International Business Machines: buy signal.



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: See disclosure statement