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Weekly SP-500 Trend Commentary

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

*** Status: Market Bullish - Transition to Bond Funds ***

The general market trading filter I use (SP-500 53 day CCI) is at 134 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. The index is now broken through the resistance at 1150 with the next resistance level now at 1170.  There are two changes to the model portfolios. In the rankings, it should be noted that Bond Funds are now rising to the top. This may be an early signal to a market trend change. Time will tell.

Rankings:

This week's Rankings have transitioned to bond funds at the top indicating a potential 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.

Actions:

Sell UOPIX in Schwab Portfolio.

Sell VDC in Vanguard Portfolio.

Buy SWRSX in Schwab Portfolio.

Buy VCIT in Vanguard Portfolio.

Model portfolios are listed here.

Performance (NOT including dividends):

Vanguard: 2.63%  (SPY: 8.87%)

Schwab: 4.57%  (SPY: 8.62%)

Related Verified Trading Systems

Vanguard Free ETFs

Broad Set of Liquid ETFs

Disclosure:

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=94.1.1%)

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

dshort.com: Invested (Note - monthly 10-EMA signal)

Click on Charts to Enlarge

SP-500 Daily Chart  October 9, 2010
SP-500 Daily Chart October 9, 2010
SP-500 Daily Guppy Chart  October 9, 2010
SP-500 Daily Guppy Chart October 9, 2010


Disclosure: No positions at the time of this post.