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Weekly SP-500 Market Trend Commentary

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

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


The SP-500 continues to move higher. The general market trading filter I use (SP-500 53 day CCI) is at 151 indicating Market Up which is slightly up from 147 last week. 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 still positive for all the four major indexes.

The SP-500 has moved through previous resistance with the next obvious resistance level at about 1313. The Guppy Plot is bullish with the fast moving above the slow moving averages, and the average slope of the fast and slow moving averages remaining positive. The ADX components are also bullish. This week there are two changes to the model portfolios. The system is selling INPIX after a great run up over 30%.  I hope you find this blog helpful. If you do, why not leave a comment.


This week's Rankings show sector funds are now at the top with bond funds at the bottom of 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 tabCurrent Rankings of the Funds can be found under the Rankings tab.


Sell INPIX in Schwab Portfolio

Sell SMPIX in Schwab Portfolio

Buy SCHA in Schwab Portfolio

Buy BMPIX in Schwab Portfolio

Model portfolios are listed here.

Performance (NOT including dividends):

Vanguard: 2.83 %  (SPY: 17.33%)

Schwab: 9.02%  (SPY: 17.07%)

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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 (last week at 96%)

Bulkowski: Buy (shorter term signal CPI=74% down from 87%)

Buy-Don't Hold: Sell Signal

MTR Investors Market Timing Model: Market Up

My Trend Timer: Bullish

OneQTrades: Buy

Stock TA (NYSEARCA:SPY): Bullish

Stock TrendsBullish 

Winning Investing: Condition Green

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

Click on Charts to Enlarge



SP-500 Daily Chart for December 24, 2010
SP-500 Daily Chart for December 24, 2010




SP-500 Daily Guppy Chart for December 24, 2010
SP-500 Daily Guppy Chart for December 24, 2010