now-indicates
WhisperNumber.com Outlier Report, 05/05/2010
Last report we stated data “now indicates a flat or neutral market moving forward.” The morning after that report was released the Dow was at 11,204. The market closed today 277 points lower at 10,927. The market did remain range bound (between 10,991 and 11,167) for most of the week, realizing a strong negative move in yesterdays trading. The investor confidence reading, having been run last week on Thursday and Friday, moved 3.2% higher to 50.8%. (If that survey was run today we (more than likely) would have seen investor confidence drop. We’ll need to go back to our 4/2 reading indicating investor over-confidence (overbought market) as this may been ‘the’ sign of yesterday’s market correction (if it can be called that.) Without clear direction in the recent data we’ll remain side-lined and continue to look for a flat or neutral market moving forward.
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WhisperNumber.com Outlier Report, 05/05/2010
WhisperNumber.com Outlier Report, 03/17/2010
Last report we stated data “now indicates a greater potential for market strength moving forward.” The morning after that report was released the Dow was at 10,552. The market closed today 90 points higher at 10,642. The market remained neutral for the two trading days following last report before seeing some strength thru today. With the last three trading days showing some limited market strength, the investor confidence reading moved a strong 12.5% higher to an overbought level of 53.1%
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WhisperNumber.com Outlier Report, 03/17/2010
WhisperNumber.com Outlier Report, 03/04/2010
Last report we stated data “now indicates a potential for market strength moving forward.” The morning after that report was released the Dow was at 10,383. The market closed today 22 points higher at 10,405. Over the past week the market realized a good amount of negativity before recovering to todays levels. Not exactly the strength data indicated. The limited market strength (and negativity throughout the week) moved the investor confidence reading 10.9% lower to 32.6%
Continued here:
WhisperNumber.com Outlier Report, 03/04/2010
