|
(3/27/12)
Not much to add today as the key support level is now around
1389 which is along the longer term upward trend line on a log scale and
coincides with the 20 Day EMA (green line). To the upside resistance
appears to be around 1425 which is at the top of the upward channel. 
For
those watching the price of Oil...Brent Crude is working on a 4 week Handle
after forming a Cup. If it breaks out to the upside a move back to the
previous all time high in the upper 140's (point A) is certainly a possibility. 
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 |
RSI |
VWAP |
Volatility |
Volatility |
TRIN |
Signal |
| Decline |
Transform |
VWAP |
Max |
Percent |
Index |
Bands |
S&P 500 |
Strength |
| Ratio |
Signal |
Signal |
Signal |
Signal |
Signal |
Signal |
Signal |
|
| No |
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 |
|
|
|
|
|
|
|
|
Amateur Investors
| 
