Quote from investics:
<b>Market Slice for week 26.Sep.2011 to 30.Sep.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, 30 . Sep : [color= red ] -2.50 %[/color]</b>
<b>Thu, 29 . Sep : [color= green ] 0.81 %[/color]</b>
<b>Wed, 28 . Sep : [color= red ] -2.07 %[/color]</b>
<b>Tue, 27 . Sep : [color= green ] 1.07 %[/color]</b>
<b>Mon, 26 . Sep : [color= green ] 2.33 %[/color]</b>
<u>No. of Stocks above 40 EMA*</u>
<b>Fri, 30 . Sep : [color= green ] 14 %[/color]</b>
<b>Thu, 29 . Sep : [color= green ] 18 %[/color]</b>
<b>Wed, 28 . Sep : [color= green ] 15 %[/color]</b>
<b>Tue, 27 . Sep : [color= green ] 25 %[/color]</b>
<b>Mon, 26 . Sep : [color= green ] 17 %[/color]</b>
I avoid entering new positions when this number is above 80% and start buying below 30%
<u>No. of New Six Month (26 weeks) Highs*</u>
<b>Fri, 30 . Sep : [color= red ] 48 [/color]</b>
<b>Thu, 29 . Sep : [color= red ] 39 [/color]</b>
<b>Wed, 28 . Sep : [color= red ] 43 [/color]</b>
<b>Tue, 27 . Sep : [color= green ] 51 [/color]</b>
<b>Mon, 26 . Sep : [color= red ] 20 [/color]</b>
A number around 800 here indicates market topping in the short-term.
<u>No. of New Six Month Lows*</u>
<b>Fri, 30 . Sep : [color= red ] 439 [/color]</b>
<b>Thu, 29 . Sep : [color= red ] 284 [/color]</b>
<b>Wed, 28 . Sep : [color= red ] 141 [/color]</b>
<b>Tue, 27 . Sep : [color= red ] 14 [/color]</b>
<b>Mon, 26 . Sep : [color= red ] 327 [/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.