Blog Post On: 6/13/2010

There was a news leak on Friday out of China that reported a 50% increase in exports and this helped push the markets up. Decision economics reported that they reduced allocation to stocks from 70% to 60%. That action seems a bit late but it shows there is uncertainty in the markets.   

All the major indexes broke the downtrend but did so on light volume. The Advance/Decline Line also broken the downtrend.

Stock Market Timing Model (MTR-TM): Market Down Signal on 5/6/2010

  • MTR-I:  Week over week (wow) +2.32%
  • RSI:  Value 47. Crossing over 50 is bullish. 
  • MACD: Value -50.  Below 0 is bearish
  • Volume: Volume across the board has been light. There was limited support for the recent up trend. This could be the continue theme of Euro fears.

 

All major indexes except the NASDAQ broke the downtrend.

 

Volume light across the board.