Energizing Tournament

htws9c9l

The actual Nasdaq, S&P 500, and Dow all have a sidelines rating; on the other hand, the Russell 2000 features a weak uptrend ranking.

Hence we have now the particular bullish condition in which small caps or the Russell 2000 is actually leading the main indices higher.

Investors, I give the bulls an incredibly slight advantage over the bears commencing stock trading Tuesday (market's closed for Monday due to Memorial Day). The edge is so little, I continue to advocate you remain back to the sidelines as well as carry on and accumulate money in your stock trading account. We just don't have a group which is dominant at this time (either bulls or bears) that we can place our bets on with just about any level of confidence. When you're in a stock trading market like that, it's preferable to stay on the sidelines, accumulate cash, and keep your black powder dry.

The market internals support my thesis [link widoczny dla zalogowanych] that bulls have got a [link widoczny dla zalogowanych] small advantage over bulls but not enough to gamble on.
The percent of stocks on the New [link widoczny dla zalogowanych] York Stock Exchange that are trading over their 50 day moving average is actually directly on 50%. Put simply, neither the bulls or the bears hold the advantage at this moment. The percentage of companies on the NYSE that are trading over their 200 day moving average is 75%. [link widoczny dla zalogowanych] We expect this much less sensitive indicator to stay higher. It's a lagging indicator as it is based on a much [link widoczny dla zalogowanych] longer period of time. It does suggest that the longer term uptrend is still intact.

The TICK experienced a swing move down that I talked about a week ago that hit -468; nevertheless, by the [link widoczny dla zalogowanych] close Friday, the TICK performed a swing move higher going to about 580. That shows that if [link widoczny dla zalogowanych] you take institutional investors in general, you can find still a slight bullish bias. Try to remember, the institutional investors carry every one of the keys. These people regulate [link widoczny dla zalogowanych] the trend (reality) of the stock trading game. You always want to trade in the direction of institutional investors, never in opposition to.

The VIX continues at ultra-low levels and supports a small advantage for the bulls commencing trading next week. It fell back beneath the 50 day moving average so that the 50 day moving average is under the 200 day moving average, and also the VIX is down below the 50 day moving average. All three are dropping. Right now there is simply not any kind of PUT purchasing or hedging occurring at this time.

Very good news regarding silver and gold investors. I am downgrading the U.S. dollar to a downtrend ranking. It appears it's going to be proceeding lower over the coming few days which should continue to assistance the upward move in silver and gold.

The yellow metal continues to have a very strong uptrend ranking. Silver has increased around the dollar weakness into a uptrend; even [link widoczny dla zalogowanych] so, it has closed right on top of the 50 day moving average. Even though silver is in an uptrend, I might wait to observe what happens with the 50 day moving average. When silver can bust above the 50 day moving average and verify with regard [link widoczny dla zalogowanych] to at the very least 1 trading day, it will likely be a good long play.

The all crucial XLF (Financials) remains in a downtrend. I mentioned XLF a week ago and how the 200 day moving average stands out as the all crucial point you'll want to keep your sight upon. It's still all about XLF. Observe that when XLF gapped down under the 200 day moving average the other day, the entire marketplace sold off. When it rose back up to the 200 day moving average, the entire market rose. We are currently nearly right on top of the 200 day moving average just like we had been a week ago. Folks, keep your eyes on XLF. In the event the bulls can take it again above the 200 day moving average and [link widoczny dla zalogowanych] in case the [link widoczny dla zalogowanych] 200 day moving average now [link widoczny dla zalogowanych] turns into resistance as it bounces back [link widoczny dla zalogowanych] below this place next week, we could be in for yet another move lower on the major indices.

The stock market is going to be closed down on Monday, May 30th 2011 for Memorial Day.