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Weekly SP-500 Market Trend Commentary

|Includes: SPDR S&P 500 Trust ETF (SPY)

*** Status: Market Bullish - Sector Funds ***

I'm in the midst of a lot of traveling hence the light or non-existent posts during the week. The general market trading filter I use (SP-500 53 day CCI) is at 117 indicating Market Up. My multiple composite SP-500 indicators on the daily chart are both positive also providing a bullish signal. As seen at the right the CCI(53) indicator is positive for all the four major indices. Last week the index broke through the resistance at 1170 and is now sitting on this new support level.  On Tuesday we had a negative market day in reaction to the Yuan news. The Market is clearly nervous, and one subscription service I follow issued a move to all cash on Tuesday. I believe a need for extra caution is needed currently. There are two changes to the model portfolios.


This week's Rankings show sector funds are now at the top with most bond funds moving down in the rankings. Ranking scores are color coded to indicate positive ranking scores (rate of change / volatility) in green, and negative ranking scores in red. Overall the list is sorted by overall rank but the score that makes up the rank can be positive or negative depending on the recent rate of change. The full list of the funds that are ranked can be found under the Funds tab. Current Rankings of the Funds can be found under the Rankings tab.


Sell PHPIX in Schwab Portfolio.

Sell VWO in Vanguard Portfolio.

Buy FYAIX in Schwab Portfolio.

Buy MGK in Vanguard Portfolio.

Model portfolios are listed here.

Performance (NOT including dividends):

Vanguard: 1.9%  (SPY: 10.56%)

Schwab: 6.91%  (SPY: 10.31%)

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Vanguard Free ETFs

Broad Set of Liquid ETFs


No positions at the time of this post.

What others are saying (all free sites): Overall Bullish

Barchart: 96% Buy

Bulkowski: Bullish (shorter term signal CPI=70.6%)

Buy-Don't Hold: Buy Signal

MTR Investors Market Timing Model: Market Up

My Trading System: Up Trend

Stock TA (NYSEARCA:SPY): Bullish

Stock TrendsCrossover to Bullish

Winning Investing: Condition Green - Go For It!

Wishing Wealth: Up Trend Invested (Note - monthly 10-EMA signal)

Click on Charts to Enlarge


SP-500 Daily Chart for October 23, 2010
SP-500 Daily Chart for October 23, 2010
SP-500 Daily Guppy Chart for October 23, 2010
SP-500 Daily Guppy Chart for October 23, 2010

Disclosure: No positions at time of this post.