|
(3/13/12)
The Volatility Index (VIX) dropped to 13.99 today which is the
lowest reading since 2007. Thus there is an extreme amount of complacency
in the market. As we have seen in the past when the VIX has fallen
from above the 28 level to back below the 16 level (points A to B) tops have
followed. 
Finally the current
move up looks like the final 5th Wave of a 5 Wave pattern from the late November
low. Once again the target zone for the 5th Wave would probably be in the
1407 to 1425 range however with the VIX at an extremely low level it could peak
at any time.. 
Wednesday's Buy Signals
| Primary |
Secondary |
RSI |
Williams |
Fisher |
TRIN |
Volatility |
Money |
Money |
Put to |
VWAP |
Signal |
| RSI
Long |
RSI
Long |
Max/Min |
%R |
Transform |
S&P 500 |
Bands |
Flow |
Flow/
TRIN |
Call Ratio |
|
Strength |
| Signal |
Signal |
Signal |
Signal |
Signal |
Signal |
Signal |
Signal |
Signal |
Signal |
Signal |
|
| No |
No |
No |
No |
No |
No |
No |
No |
No |
No |
No |
|
When 6 or more Signals are generated that is a Strong Buy
Signal
When 3 to 5 Signals are generated that is a Moderate Buy Signal
When only 1 or 2 Signals are generated that is a Weak Buy Signal
Wednesday's Sell Signals
| Advance |
Fisher |
ROC |
VWAP |
Volatility |
Volatility |
TRIN |
Signal |
| Decline |
Transform |
VWAP |
Percent |
Index |
Bands |
S&P 500 |
Strength |
| Ratio |
Signal |
Signal |
Signal |
Signal |
Signal |
Signal |
|
| No |
No |
No |
No |
No |
No |
No |
|
When 5 or more Signals are generated that is a Strong
Sell Signal
When 3 to 4 Signals are generated that is a Moderate Sell Signal
When only 1 or 2 Signals are generated that is a Weak Sell Signal
When a Buy or Short Signal is triggered numbers will be entered into the table
below.
| ETF |
Wednesday's |
Buy/Short
Signal |
Entry |
Initial
Stop |
Trailing
Stop |
1st
Target |
2nd
Target |
3rd |
| Target |
|
Signals |
Date |
Price |
Price |
Price |
Price |
Price |
Price |
| SPY |
|
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Amateur Investors
| 
