"The Market Toolbox" December 16, 2005
Published: Fri, 12/16/05
|
The Market Toolbox : You are receiving this e-mail as a part of your free subscription. If you would like to change your e-mail settings please follow the instructions at the bottom of this e-mail. Welcome To The Market Toolbox for December 16, 2005 A Free Newsletter Service from Investing Systems Inc. In this issue: The Market Intelligence Report
Hello Everyone, Welcome to what could be the last Market Toolbox Intelligence Report of the year. What a year it has been. We have made considerable progress "in house" on our own scanning and trading models, and we'll have some exciting new announcements after the first of the year. But as for the rest of this year we are still looking for DOW 11K. I know I know, I have been calling for it and even predicted that we would be there by Thanksgiving day. Well, the markets closed for the Thanksgiving day weekend just shy of 11K and has since pulled back, and now is encroaching on the target again. I still think we can get there simply based on our own favorite indicator as seen below.
We think that the NASDAQ bullish percent index can get as high as 70 before we see another pullback, but as always... time will tell. The table below show the internal strength of the current move and it confirms the recent pullback and still looks favorable.
This week, we see that all the numbers are better than last month with the exception of the 20day. Lets look deeper as we see how the major market components are doing YTD. So far 50 of the NASDAQ 100 are UP for the YTD with 2 even or flat for the year, and the DOW 30 has 13 up on a YTD basis,. These numbers are slightly lower than last week on the NASDAQ and the DOW. But most importantly... look at the internals.
We see declining shares outpacing advancers slightly but new highs are outpacing new lows, so it's a real mixed bag of data. Look for the markets to continue trading in a tight range while trending slightly higher . Be sure to read Jeffrey's Technical Report for this last week, he really nailed it, again. Also... sometime Monday he'll put up the report for this week. Don't miss it. Speaking of Jeffrey Brewer, he has decided to add his Stock Signal Pro software to the line up of "Buy One ~ Give One Free" software programs this holiday season. Do not miss that offer as the price is going up soon and the buy one, give one makes them each half price. Also on "Buy One ~ Give One Free" is the PCA System for long-term investors and the Stock Picker RT for short term stock picking. Check out all these great packages as these super holiday deals will not last long. Look for the rally to continue. All of us at Investing Systems want to thank our friends and customers for the support they have shown us over these many years and we wish to continue to work hard for you into the future. Merry Christmas and Happy New Year! Until Next Time... Best wishes and Good Investing, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
