<b>Market Slice for week 09.May.2011 to 14.May.2011</b>
Buy Aggressively
Buy Cautiously
<b>Hold/Wait</b>
Sell Cautiously
Sell Aggressively
(the highlighted option is my current sentiment)
<u>S&P-500 Daily % Change:</u>
<b>Fri, 13 . May : [color= red ] -0.62 %[/color]</b>
<b>Thu, 12 . May : [color= red ] -0.81 %[/color]</b>
<b>Wed, 11 . May : [color= green ] 0.49 %[/color]</b>
<b>Tue, 10 . May : [color= red ] -1.11 %[/color]</b>
<b>Mon, 9 . May : [color= green ] 0.81 %[/color]</b>
<u>No. of Stocks above 40 EMA*</u>
<b>Fri, 13 . May : [color= black ] 43 %[/color]</b>
<b>Thu, 12 . May : [color= black ] 51 %[/color]</b>
<b>Wed, 11 . May : [color= black ] 60 %[/color]</b>
<b>Tue, 10 . May : [color= black ] 55 %[/color]</b>
<b>Mon, 9 . May : [color= black ] 67 %[/color]</b>
I avoid entering new positions when this number is above 80%
<u>No. of New Six Month (26 weeks) Highs*</u>
<b>Fri, 13 . May : [color= red ] 87 [/color]</b>
<b>Thu, 12 . May : [color= green ] 212 [/color]</b>
<b>Wed, 11 . May : [color= green ] 210 [/color]</b>
<b>Tue, 10 . May : [color= green ] 175 [/color]</b>
<b>Mon, 9 . May : [color= green ] 294 [/color]</b>
A number around 800 here indicates market topping in the short-term.
<u>No. of New Six Month Lows*</u>
<b>Fri, 13 . May : [color= red ] 110 [/color]</b>
This is the new big change, thus we are going to "wait and watch" mode
<b>Thu, 12 . May : [color= green ] 79 [/color]</b>
<b>Wed, 11 . May : [color= green ] 84 [/color]</b>
<b>Tue, 10 . May : [color= green ] 57 [/color]</b>
<b>Mon, 9 . May : [color= green ] 32 [/color]</b>
*The stats above were calculated on the top 3000 stocks by liquidity(not market cap), Which captures 99.5% of the overall market liquidity.