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Weekly SP-500 Market Trend Commentary

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

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

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.  We are holding support at about 1130 on the SP-500, but up against resistance at 1150 from back in January 2010.  There is only one change to the model portfolios. The charts are quite bullish, but caution is needed since we are overbought and the Guppy average slopes and ADX components are trending down.


This week's Rankings continue to show sector funds at the top indicating a substantial shift in market character. 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.


No changes in the portfolios this week.

Please find my verified trading systems for the Vanguard ETFs and a Broad Set of ETFs at the links to the right.

Model portfolios are listed here.

Performance (NOT including dividends):

Vanguard: 2.18%  (SPY: 7.06%)

Schwab: 4.25%  (SPY: 6.82%)


No positions at the time of this post.

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

Barchart: 88% Buy

Bulkowski: Bullish (shorter term signal CPI=70.1%)

Buy-Don't Hold: Buy Signal

MTR Investors Market Timing Model: Market Up

My Trading System: Up Trend

Stock TA (NYSEARCA:SPY): Bullish

Stock TrendsMildly Bearish

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  October 2, 2010
SP-500 Daily Chart October 2, 2010
SP-500 Daily Guppy Chart  October 2, 2010
SP-500 Daily Guppy Chart October 2, 2010

Disclosure: No positions in equities mentioned at time of post.