This Page Last Updated 10/26/13 at 8:00 AM EST
Keystone's Other Market Signals
Keystone's BPSPX Indicator: A market buy signal occurs if the BPSPX produces a six percentage point reversal to the upside. If the BPSPX moves up thru the 70% level, that signals further bullishness. If the BPSPX reverses six percentage points to the downside a market sell signal occurs. If the BPSPX drops under 70%, that signals further market weakness. Once the BPSPX drops under 30% that signals more bearishness ahead but if the BPSPX recovers back above 30%, that signals market bullishness. The current signal remains in place until a change occurs.
10/22/13: Market Buy Signal Triggered and Strengthening; BPSPX reverses six percentage points to the upside, from 75 to 81 so the bulls are in control. The signal is above 70 which provides additional strength. The high print on 10/25/13 is 81.60 so the bears need to push under 75.60 to regain the market sell signal. Bulls are in charge as long as BPSPX stays above 75.60. 81.41; 81.41; 81.00; 81.60;
8/27/13: Market Sell Signal Triggered; BPSPX reverses six percentage points to the downside, from 84.60 on 8/2/13 to under 78.60 at 77.40 on 8/27/13. Bears will receive further downside fuel if the BPSPX drops under 70. The current low print is 75 on 9/6/13 so the bulls need to push above 81 (75+6) to regain the market buy signal. 77.40; 76.60; 76.60; 76.20; 75.40; 75.00; 75.00; 75.20; 76.00; 76.80; 76.60; 76.60; 77.20; 77.60; 79.20; 79.60; 79.80; 79.60; 79.60; 79.00; 78.80; 79.20; 78.60; 78.40; 78.40; 78.20; 78.40; 78.20; 76.80; 75.80; 75.80; 76.40; 76.58; 76.81; 78.51; 79.84; 80.40 (bulls only a smidge from their 81 goal needed to receive a buy signal);
7/10/13: Market Buy Signal Triggered and Strengthening; BPSPX reverses six percentage points to the upside, from 68.80 to 74.80, so the bulls are in control. The signal is above 70 which provides additional strength. The high print on 8/2/13 is 84.60 so the bears need to push under 78.60 to regain the market sell signal. Bulls are in charge as long as BPSPX stays above 78.60. 74.80; 78.80; 79.60; 80.40; 80.40; 80.40; 81.00; 81.20; 82.40; 82.40; 82.60; 83.40; 83.00; 83.20; 83.20; 83.00; 84.00; 84.60; 84.60; 83.60; 83.80; 83.60; 84.00; 83.60; 83.20; 83.20; 81.78; 81.00; 79.60; 79.60; 78.80; 78.80; 79.20; 79.40
7/1/13: Market Sell Signal Triggered; Bears remain in control but the BPSPX moves back above 70 slightly weakening the bear move. 70.06; 70.20; 70.20; 70.54; 70.58; 73.00
6/24/13: Market Sell Signal Strengthens; BPSPX drops under 70% signaling continued bearish markets. 69.40; 68.80; 68.80; 69.00; 69.00
6/5/13: Market Sell Signal Triggered; BPSPX reverses six percentage points to the downside, from 90.20 to below 84.20.
5/3/12: Market Buy Signal Triggered; BPSPX reverses six percentage points to the upside, from 75.20 to over 81.20. The 5/22/12 print is 90.20 so bears need to see 84.20 and lower to receive a market sell signal.
4/17/13: Market Sell Signal Triggered; BPSPX reverses six percentage points to the downside, from 84.40 to below 78.40. If the 70% level fails, the market selling and negativity will accelerate and the sell signal will strengthen. A 75.20 bottom occurs on 4/19/13 so a buy signal will occur if 81.20 occurs.
12/18/12: Market Buy Signal Strengthens; BPSPX moves above 70% signaling continued bullish markets. A top occurs at 84.40 on 3/15/13 so 78.40 would be a market sell signal.
12/10/12: Market Buy Signal Triggered; BPSPX reverses six percentage points, from 58 to 64.
10/24/12: Market Sell Signal Strengthens; BPSPX drops under 70% signaling continued bearish markets.
10/22/12: Market Sell Signal Triggered; BPSPX reverses six percentage points, from 79 to 73.
8/15/12: Market Buy Signal Strengthens; BPSPX moves above 70% signaling continued bullish markets.
6/18/12: Market Buy Signal Triggered; BPSPX reverses six percentage points, from 45 to 51.
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Keystone's CRB Rind Index 13-Week MA Cross Indicator: A market buy signal occurs if the CRB Rind Index crosses above the 13-week MA. A market sell signal occurs if the Rind crosses below the 13-week MA. The CRB Rind Index is important since it is hard to manipulate and it directly indicates the use of everyday manufacturing needs such as tallow, cocoa, rubber, zinc, copper and lead scraps, print cloth, leather, and many other overlooked commodities. The signal remains in place until a change occurs. Reference www.crbtrader.com to study commodity charts.
9/9/13: Market Sell Signal; 522.60
9/3/13: Market Buy Signal; 522.60 (Erratic uncharacteristic flip-flops)
8/26/13: Market Sell Signal; 522.70
8/5/13: Market Buy Signal; 522.50
4/3/13: Market Sell Signal; 538.62 (Fed money-printing overrides weak commodities)
11/26/12: Market Buy Signal; 514.92
10/15/12: Market Sell Signal; 516.37
8/6/12: Market Buy Signal; 508.48
3/26/12: Market Sell Signal; 540.37
1/9/12: Market Buy Signal; 527.46
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Keystone's Utilities Sector Market Indicator: The old-timers follow the utilities to forecast cyclical-style key movements for markets. A great indicator is the 15-week look back to identify the weekly trend in utilities, which then will predict the trend in the broad markets moving forward. Compare the utilities this week to fifteen weeks prior. If up, the utes are in a weekly uptrend and this is bullish for the broad markets. If down, this is a weekly downtrend pattern and is bearish for markets moving forward. In addition, the 50-week MA is key and indicates bullish markets versus bearish markets ahead. The trend is very important for this indicator, it depends if the utes are moving up through, or down through, the important levels mentioned above. Thus, using UTIL as the proxy (you can monitor $UTIL on www.stockcharts.com), if UTIL is above both the price 15-weeks ago, and above the 50-week MA, the markets are in a very bullish pattern. If UTIL drops under one of these the markets are turning bearish. If UTIL is under both, the markets are very bearish. As UTIL comes off the bottom and moves back above one of the two parameters, the markets are becoming bullish again.
(UTIL 485.45 and 506.22 (starting 10/28/13) are important; now at 506.57; bulls are happy above 506.22, bears need to push UTIL under these two levels)
Oct 2013; Weekly Uptrend; Markets are Very Bullish
Oct 2013; 50-Week MA Regained; Markets are Becoming Bullish
Oct 2013; Weekly Downtrend; Markets are Very Bearish
Sept 2013; Weekly Uptrend; Markets are Becoming Bullish
Sept 2013 50-Week MA Failure; Markets are Very Bearish
Sept 2013; 50-Week MA Regained; Markets are Becoming Bullish but Remain in Weekly Downtrend
Aug 2013; 50-Week MA Failure; Markets are Very Bearish
Jul 2013; 50-Week MA Regained; Markets are Becoming Bullish but Remain in Weekly Downtrend
Jul 2013; 50-Week MA Failure; Markets are Very Bearish
Jun 2013; 50-Week MA Regained; Markets are Becoming Bullish but Remain in Weekly Downtrend
Jun 2013; 50-Week MA Failure; Markets are Very Bearish
Jun 2013; Weekly Downtrend; Markets are Becoming Bearish
Jun 2013; Weekly Uptrend; Markets are Very Bullish
Jun 2013; 50-Week MA Regained; Markets are Becoming Bullish
Jun 2013; 50-Week MA Failure; Markets are Very Bearish
Jun 2013; Weekly Downtrend; Markets are Becoming Bearish (June Sell Off Continues)
Jun 2013; 50-Week MA Regained; Markets are Very Bullish
Jun 2013; Weekly Uptrend; Markets are Becoming Bullish
Jun 2013; Weekly Downtrend; Markets are Very Bearish
Jun 2013; 50-Week MA Failure; Markets are Becoming Bearish (June Sell Off)
Feb 2013; 2/11/13; Weekly Uptrend; Markets are Very Bullish (QE3/4/OMT Rally)
Jan 2013; 1/25/13; 50-Week MA Regained; Markets are Becoming Bullish
Oct 2012; 50-Week MA Failure; Markets are Very Bearish (Oct-Nov Sell Off Occurs)
Oct 2012; Weekly Downtrend; Markets are Becoming Bearish
Sept 2011; Weekly Uptrend; Markets are Very Bullish (Operation Twist/LTRO1/2 Rally)
Sept 2011; 50-Week MA Regained; Markets are Becoming Bullish
Aug 2011; 50-Week MA Failure; Markets are Very Bearish (Crash Occurs)
Aug 2011; Weekly Downtrend; Markets are Becoming Bearish
Jul 2010; Weekly Uptrend; Markets are Very Bullish (QE2 Rally)
Jan 2010; Weekly Downtrend; Markets are Becoming Bearish
Nov 2009; Weekly Uptrend; Markets are Very Bullish
Nov 2009; Weekly Downtrend; Markets are Becoming Bearish
Jul 2009; 50-Week MA Regained; Markets are Very Bullish (QE1 Rally)
Jun 2009; Weekly Uptrend; Markets are Becoming Bullish
Feb 2009; Weekly Downtrend; Markets are Very Bearish
Jan 2009; Weekly Uptrend; Markets are Becoming Bullish
Jul 2008; Weekly Downtrend; Markets are Very Bearish (Crash 2 Months Later)
Jul 2008; 50-Week MA Failure; Markets are Becoming Bearish
Apr 2008; Weekly Uptrend; Markets are Very Bullish
Apr 2008; 50-Week MA Regained; Markets are Becoming Bullish
Jan 2008; 50-Week MA Failure; Markets are Very Bearish
Jan 2008; Weekly Downtrend; Markets are Becoming Bearish
Sept 2007; Weekly Uptrend; Markets are Very Bullish (Market Top Occurs Oct 2007)
Jul 2007; Weekly Downtrend; Markets are Becoming Bearish
Jul 2007; 50-Week MA Regained; Markets are Very Bullish
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Keystone's Monthly Jobs Report Market Indicator: The direction that the Friday job market day trades is the way the month trades about 70% of the time. If the SPX is up on Jobs Friday, the month is typically up. If the SPX is down on Jobs Friday, the market is typically down for the month. The +/- number indicates the SPX point move on Jobs Friday.
Jan 2014
Dec 2013
Nov 2013
Oct 2013; +10; Month should be up;
Sept 2013; +1; Month should be up; Correct
Aug 2013; +3; Month should be up; Incorrect
Jul 2013; +16; Month should be up; Correct
Jun 2013; +21; Month should be up; Incorrect
May 2013; +17; Month should be up; Correct
Apr 2013; -7; Month should be down; Incorrect
Mar 2013; +7; Month should be up; Correct
Feb 2013; +15; Month should be up; Correct
Jan 2013; +7; Month should be up; Correct
Dec 2012; +5; Month should be up; Correct
Nov 2012; -13; Month should be down; Incorrect
Oct 2012; -1; Month should be down; Correct
Sept 2012; +5; Month should be up; Correct
Aug 2012; +25; Month should be up; Correct
Jul 2012; -13; Month should be down; Incorrect
Jun 2012; -32; Month should be down; Incorrect
May 2012; -21; Month should be down; Correct
Apr 2012; -16; Month should be down; Correct
Mar 2012; -4; Month should be down; Incorrect
Feb 2012; +19; Month should be up; Correct
Jan 2012; -4; Month should be down; Incorrect
Dec 2011; +0; Month should be down; Correct
Nov 2011; -8; Month should be down; Correct
Oct 2011; -9; Month should be down; Incorrect
Sept 2011; -33; Month should be down; Correct
Aug 2011; -1; Month should be down; Correct
Jul 2011; +18; Month should be up; Incorrect
Jun 2011; -12; Month should be down; Correct
May 2011; +5; Month should be up; Correct
Apr 2011; +7; Month should be up; Correct
Mar 2011; -9; Month should be down; Correct
Feb 2011; +3; Month should be up; Correct
Jan 2011; -2; Month should be down; Incorrect
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Keystone's First Week of the Month Bullish Market Indicator: As the month begins, new money is put to work, typically creating buoyancy in the markets. The bullishness usually occurs from the last day of the month through the first four days of the new month. The data below is the closing price the second to the last day of the month and the closing price on the fourth day of the month. The indicator works about 70% of the time. Thus, if you want to go short, it may be best to wait for the first four days of the month to pass. Conversely, if you want to go long, entering a trade the last day of the month or first day of the month typically provides a bullish edge.
December to January 2014;
November to December 2013;
October to November 2013;
September to October 2013; 1675/1691; Correct
August to September 2013; 1630/1665; Correct
July to August 2013; 1686/1697; Correct
June to July 2013; 1613/1632; Correct
May to June 2013; 1654/1623; Incorrect
April to May 2013; 1594/1618; Correct
March to April 2013; 1563/1560; Incorrect
February to March 2013; 1516/1541; Correct
January to February 2013; 1502/1512; Correct
December 2012 to January 2013; 1402/1462; Correct
November to December 2012;1416/1414; Incorrect
October to November 2012; 1412/1428; Correct
September to October 2012; 1447/1461; Correct
August to September 2012; 1399/1438; Correct
July to August 2012; 1385/1394; Correct
June to July 2012; 1329/1355; Correct
May to June 2012; 1313/1315; Correct
April to May 2012; 1403/1369; Incorrect
March to April 2012; 1403/1398; Incorrect
February to March 2012; 1372/1343; Incorrect
January to February 2012; 1313/1344; Correct
December 2011 to January 2012; 1263/1278; Correct
November to December 2011; 1195/1258; Correct
October to November 2011; 1285/1253; Incorrect
September to October 2011; 1160/1165; Correct
August to September 2011; 1213/1199; Incorrect
July to August 2011; 1301/1200; Incorrect
June to July 2011; 1307/1353; Correct
May to June 2011; 1331/1286; Incorrect
April to May 2011; 1360/1335; Incorrect
March to April 2011; 1328/1336; Correct
February to March 2011; 1320/1321; Correct
January to February 2011; 1276/1311; Correct
December 2010 to January 2011: 1258/1274; Correct
November to December 2010; 1188/1223; Correct
October to November 2010: 1184/1221; Correct
September to October 2010; 1145/1161; Correct
August to September 2010; 1049/1092; Correct
July to August 2010; 1102/1126; Correct
June to July 2010; 1041/1060; Correct
May to June 2010; 1103/1065; Incorrect
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Keystone's OpEx Tuesday to Wednesday Bullish Market Indicator: OpEx occurs on the third Friday of each month. During OpEx week, there is market bullishness that occurs from the Tuesday low into a Wednesday high. The SPX numbers are shown below for the Tuesday low and Wednesday high. Of course, the low on Tuesday will typically be under the Wednesday high simply because of typical market action, however, the key to this bullish move is identifying the Tuesday low. Lately, due to Fed money pumping that occurs between 10 AM and 11 AM EST each day, the Tuesday low will usually occur shortly after the opening bell. The trick is to exit the trade on the Wednesday high so the hourly and minute charts should be monitored. The indicator is also useful in relation to exiting a long trade during OpEx since this is best done on Wednesday afternoon or later. Also, if contemplating shorting an index or individual stock during OpEx week, it is best to wait until near the Wednesday close or Thursday to allow the Tuesday to Wednesday buoyancy to pass.
1/14/14 - 1/15/14;
12/17/13 - 12/18/13;
11/12/13 - 11/13/13;
10/15/13 - 10/16/13; 1698/1721; Correct
9/17/13 - 9/18/13; 1697/1729; Correct
8/13/13 - 8/14/13; 1683/1696; Correct
7/16/13 - 7/17/13; 1672/1685; Correct
6/18/13 - 6/19/13; 1640/1652; Correct
5/14/13 - 5/15/13; 1635/1661; Correct
4/16/13 - 4/17/13; 1560/1558; Incorrect
3/12/13 - 3/13/13; 1548/1556; Correct
2/12/13 - 2/13/13; 1516/1525; Correct
1/15/13 - 1/16/13; 1464/1474; Correct
12/18/12 - 12/19/12; 1430/1448; Correct
11/13/12 - 11/14/12; 1371/1380; Correct
10/16/12 - 10/17/12; 1440/1462; Correct
9/18/12 - 9/19/12; 1453/1457; Correct
8/14/12 - 8/15/12; 1401/1408; Correct
7/17/12 - 7/18/12; 1345/1375; Correct
6/12/12 - 6/13/12; 1307/1327; Correct
5/15/12 - 5/16/12; 1328/1342; Correct
4/17/12 - 4/18/12; 1370/1390; Correct
3/13/12 - 3/14/12; 1372/1399; Correct
2/14/12 - 2/15/12; 1341/1356; Correct
1/17/12 - 1/18/12; 1290/1308; Correct
12/13/11 - 12/14/11; 1219/1226; Correct
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Keystone's Full Moon Bullish Market Indicator: There are many metaphysical phenomena that humans do not understand; perhaps the science will catch up fifty years from now. Full moon and new moons are very important to farmers and gardeners especially for spring planting and fisherman follow the moons as well. Markets tend to be buoyant moving into and through the full moon each month, a day or so before, to a day or so afterwards. It does not matter why, only that it occurs about 85% of the time. The trend offers a scalping opportunity but Keystone generally uses the indicator as a heads-up for broader market direction. A link is provided at the right margin for the full moon dates. There is one full moon each month and one new moon each month. For a scalp long, the idea is to enter a long position at the close two days before the full moon date through the closing bell the day before the full moon. The trend of the market is useful in trying to identify a low point. Then the trade is exited at either the close on the full moon day or the following day before the closing bell. If the full moon lands on a weekend or holiday day, simply use the nearest trading day as the full moon day. This indicator is also useful for entering or exiting positions in general. A day or so before the full moon is a good time to enter long positions and, if shorting is desired, it may be best to wait a couple days until the full moon occurs and passes.
12/17/13;
11/17/13;
10/18/13; 1735/1748; Correct
9/19/13; 1705/1729; Correct
8/20/13; 1646/1654; Correct
7/22/13; 1685/1697; Correct
6/23/13; 1577/1589; Correct
5/25/13; 1638/1675; Correct
4/25/13; 1575/1593; Correct
3/27/13; 1546/1569; Correct
2/25/13; 1488/1500; Correct
1/27/13; 1495/1508; Correct
12/28/12; 1418/1426; Correct
11/28/12; 1399/1416; Correct
10/29/12; 1412/1428; Correct
9/30/12; 1441/1446; Correct
8/31/12; 1399/1407; Correct
8/2/12; 1375/1391; Correct
7/3/12; 1362/1374; Correct
6/4/12; 1278/1286; Correct
5/6/12; 1369/1370; Correct
4/6/12; 1398/1382; Incorrect
3/8/12; 1343/1371; Correct
2/7/12; 1344/1350; Correct
1/9/12; 1278/1292; Correct
12/10/11; 1234/1236; Correct
11/10/11; 1229/1264; Correct
10/12/11; 1195/1207; Correct
9/10/11; 1154/1173; Correct
8/13/11; 1121/1204; Correct
7/15/11 1309/1316; Correct
6/15/11; 1272/1265; Incorrect
5/17/11; 1329/1341; Correct
4/18/11 1315/1313; Incorrect
3/19/11; 1257/1298; Correct
2/18/11; 1336/1343; Correct
1/19/11; 1293/1282; Incorrect
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Keystone's New Moon Bearish Market Indicator: There are many metaphysical phenomena that humans do not understand; perhaps the science will catch up fifty years from now. Full moon and new moons are very important to farmers and gardeners especially for spring planting and fisherman follow the moons as well. Markets tend to be bearish moving into and through the new moon each month, a day or so before, to a day or so afterwards. It does not matter why, only that it occurs about 75% of the time. The trend offers a scalping opportunity but Keystone generally uses the indicator as a heads-up for broader market direction. A link is provided at the right margin for the new moon dates. There is one full moon each month and one new moon each month. For a scalp short, the idea is to enter a short position at the close two days before the new moon date through the closing bell the day before the new moon. The trend of the market is useful in trying to identify a high point. Then the trade is exited at either the close on the new moon day or the following day before the closing bell. If the new moon lands on a weekend or holiday day, simply use the trading day following the new moon day. This indicator is also useful for entering or exiting positions in general. A day or so before the new moon is a good time to enter short positions and, if longs are desired, it may be best to wait a couple days until the new moon occurs and passes.
1/1/14;
12/3/13;
11/3/13;
10/4/13; 1692/1670; Correct
9/5/13; 1655/1640; Correct
8/6/13; 1710/1685; Correct
7/8/13; 1632/1640; Incorrect
6/8/13; 1643/1642; Correct
5/10/13; 1635/1623; Correct
4/10/13; 1574/1581; Incorrect
3/11/13; 1557/1548; Correct
2/10/13; 1518/1514; Correct
1/11/13; 1472/1471; Correct
12/13/12; 1428/1414; Correct
11/13/12; 1380/1355; Correct
10/15/12; 1433/1450; Incorrect
9/16/12; 1466/1459; Correct
8/17/12; 1416/1418; Incorrect
7/19/12; 1368/1363; Correct
6/19/12; 1345/1356; Incorrect
5/20/12; 1305/1316; Incorrect
4/21/12; 1385/1367; Correct
3/22/12; 1406/1393; Correct
2/21/12; 1361/1358; Correct
1/23/12; 1315/1315; Correct
12/24/11; 1265/1249; Correct
11/25/11; 1188/1159; Correct
10/26/11; 1254/1242; Correct
9/27/11; 1163/1151; Correct
8/29/11; 1177/1210; Incorrect
7/30/11 1301/1254; Correct
7/1/11; 1321/1338; Incorrect
6/1/11; 1345/ 1313; Correct
5/3/11; 1364/1347; Correct
4/3/11 1332/1333; Incorrect
3/4/11; 1331/1310; Correct
2/3/11; 1308/1307; Correct
1/4/11; 1272/1270; Correct
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Keystone's Pre-Holiday Bullish Market Indicator: Typically, markets are positive the day or two in front of a three-day holiday weekend. In general, the day before the holiday recess is bullish. Thus, if you want to place short positions, it is typically best to wait until the holiday passes, or, if taking profits on longs, it may be best to cash in after the holiday to take advantage of an additional couple-day push higher. The indicator works about 75% of the time. In addition, the Monday following a weekend holiday is typically bullish. Here's how the markets finished the day before the holiday recesses over the last couple years.
1/1/14;
12/25/13;
11/28/13;
9/2/13; Flat; Up 9/3; Correct
7/4/13; Up; Correct
5/27/13; Up; Correct
3/29/13; Up; Correct
2/18/13; Up; Correct
1/21/13; Up; Correct
1/1/13; Up; Correct
12/25/12; Down; Incorrect
11/22/12; Up; Correct
9/3/12; Up; Correct
7/4/12; Up; Correct
5/28/12; Down; Incorrect
4/6/12; Flat; Correct
2/20/12; Up; Correct
1/16/12; Down; Incorrect
1/1/12; Down; Incorrect
12/26/11; Up; Correct
11/24/11; Down; Incorrect
9/5/11; Down; Incorrect
7/4/11; Up; Correct
5/30/11; Up; Correct
4/22/11; Up; Correct
2/21/11; Up; Correct
1/17/11; Up; Correct
1/1/11; Flat; Correct
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Keystone's FOMC Congressional Oversight Twice-Yearly Bullish Market Indicator: The Federal Reserve must testify before Congress semi-annually (twice per year), typically in late February and also in July. The two-day stints in testimony typically result in bullish days for the markets, especially the last few years with Chairman Bernanke promising to drop money from helicopters indefinitely. The idea is to enter the market long the day before the first day of testimony and then exit the long trade the day after the second day of testimony. This results in an 80% success rate. The period from the day before the testimony to the second day of testimony is typically up strongly as well, and also the two-day testimony itself typically results in an up move from the first day to the second day, but the period that bookends the overall testimony from the day before, to the day after is the highest percentage move. Note that the incorrect July 2007 number occurred just before the October 2007 market top, and the incorrect read in February 2008 is when the financials sector bubble popped so the markets were not in a good mood back then. The incorrect read last March 2012 was exactly as the markets were topping and rolling over. February's testimony this year, 2013, resulted in another up move for the markets. Chairman Bernanke has the magic touch; he is a rich uncle coming to town each time he testifies pumping the easy money. A summer rally occurs as a result of Bernanke's easy money testimony.
February 2014 Next Congressional Testimony with New Fed Chair Yellen
7/17/13 - 7/18/13; 1671/1684; Markets are Up; Correct
2/26/13 -- 2/27/13; 1488/1515; Markets are Up; Correct
7/17/12 -- 7/18/12; 1354/1377; Markets are Up; Correct
2/29/12 -- 3/1/12; 1372/1370; Markets are Down; Incorrect
7/13/11 -- 7/14/11; 1314/1316; Markets are Up; Correct
3/1/11 -- 3/2/11; 1327/1331; Markets are up; Correct
7/21/10 -- 7/22/10; 1083/1103; Markets are Up; Correct
2/24/10 -- 2/25/10; 1095/1104; Markets are Up; Correct
7/21/09 -- 7/22/09; 951/976; Markets are Up; Correct
2/24/09 -- 2/25/09; 743/753; Markets are Up; Correct
7/15/08 -- 7/16/08; 1228/1260; Markets are Up; Correct
2/27/08 -- 2/28/08; 1381/331; Markets are Down; Incorrect
7/18/07 -- 7/19/07; 1549/1534; Markets are Down; Incorrect
2/14/07 -- 2/15/07; 1444/1456; Markets are Up; Correct
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BPSPX moves above 70% signaling continued bullish markets. A near-term top occurs at 82 on 1/29/13 so 76 would be the market sell signal.
ReplyDeleteDoes the above percentage refer to the RSI on the SPX500?
Nope, you must reference the $BPSPX chart, go to www.stockcharts.com and type $BPSPX into the symbol box to bring the chart up.
Delete