Sunday, March 20, 2011

Market Timing Update (3/21/11)

[EOD] stocks -
No change regarding the count update highlighted in the 1140am entry.

SPX closed below is MA50, but INDU which has been the leader so far closed above its MA50.

Across indexes, RUT and TRAN appear to be most bullish.

[1140am]Count update (SPX) -
"Odds favor perhaps the most bullish and the most bearish bearish counts ..."
[9am]Overnight update (USD) -
DX declined to 75.50 overnight. DX has been wedging. A potential tracking count:

[820am]Overnight update (stocks) -
see squiggles on YM below
[3/20/11 Saudi TASI]