FREE TRIAL to MARKETLINE... just email: stantam2@tds.net

---

---

-Oct 19: SP500 = 1433.19. Four primary data sets all signaling a buy signal. Sentiment data confirming. Buy weakness. Protect appropriately.
NOTE: Current tendencies for the market to move to alternating extreme signals at very short intervals continues. It would not be uncommon for today to mark the beginning of something more extreme, so trade with that outcome being a possibility.
-Oct 18: SP500 = 1457.34. Our prime data set, the NYSE is giving a sell signal. Sentiment mildly concurring as well. Again, like many of the recent signals, this one does not have major exhaustion characteristics It also may be somewhat caused by option expiration. Ironically the Nasdaq prime data set can be interpreted as a bit exhausive on the downside (a buy signal). Tops are usually more complex than bottoms. Overall market characteristics and data sets should nonetheless be regarded as returning to the sell mode. Sell strength and protect / trade appropriately.
-Oct 17: SP500 = 1460.91. No signals. Rally continuation.
-Oct 16: SP500 = 1454.92. No signals. Very nice rally in the averages since buy signals of last week. Trade/protect appropriately.
-Oct 15: SP500 = 1440.13. No signals. Neutral data sets.

---

-Oct 12: SP500 = 1428.59. No signals. Sentiment mildly supportive of buying but without exhaution characteristics. Seems to be something of a rotational dynamic going on amid the decline. Still looking to see whether an exhaustion pattern will be forthcoming in the current decline. Market may be starting to discount a mix of election and fiscal cliff uncertainty.
-Oct 11: SP500 = 1432.84. Rally attempt materialized. NYSE data set confirming a buy today. May or not need a more convincing exhaustion to get a buy signal that is supported by sentiment data sets. This has not happened thus far. Time will tell.
-Oct 10: SP500 = 1432.56. 7day buy signal in the Nasdaq. Data sets are generally supporting buy mode action, though not necessarily having climactic behavior. Again, prepare to buy weakness and protect, while fully realizing that further weakness or a rally attempt are about equally likely here.
-Oct 9: SP500 = 1441.48. Buy signal in the Q's. NOT a 5-data set signal (see strength of signal notes below). Sentiment data sets (particularly Nasdaq data) moderately supportive. Might be only early stage of multiple buy signals. Trade appropriately and be prepared to buy weakness.
-Oct 8: SP500 = 1455.88. No new signals. Data sets neutral in semi-holiday trade (Columbus Day).

---

-Oct 5: SP500 = 1460.93. No new signals.
-Oct 4: SP500 = 1461.40. No new signals. Awaiting new signals.
-Oct 3: SP500 = 1450.99. No signals. Neutral sentiment.
-Oct 2: SP500 = 1445.75. No signals. The sentiment data is suggesting that a sell bias should be the preferred approach at the moment.
-Oct 1: SP500 = 1444.49. No signals. On balance neutral sentiment data sets for past 3 days.

---

REGARDING STRENGTH OF SIGNAL:
-I look at 13 data sets as various signal confirmations, 4 of which are the primary volume parameters. I classify the strength of the signal by the preponderance of data sets confirming extremes for the last 2 days.  When at least 5 (usually more) of the data sets including at least one of the volume sets confirms, it qualifies as a signal.

---

-Sep 28: SP500 = 1440.67. No signals. Sentiment data sets only moderately positive for the broad market.
-Sep 27: SP500 = 1447.15. No signals.
-Sep 26: SP500 = 1433.32. No signals. Protect / trade appropriately. Market near 3 week low.
-Sep 25: SP500 = 1441.59. No signals. Protect all sales appropriately.
-Sep 24: SP500 = 1456.84. No signals. Data continues mixed. Very normal low volume Monday.

---

-Sep 21: SP500 = 1460.15. Mixed data. The Nasdaq primary data set is indicating a sell signal, but one might want to discount the influence of quadruple witching day since the sentiment data sets are leaning lightly to the buy side. Protect / trade appropriately. I would be biased in direction of prev sell signals from 1 and 2 weeks earlier.
-Sep 20: SP500 = 1460.26. No new signals. Sentiment data sets a tad friendlier.
-Sep 19: SP500 = 1461.05. No new signals.
-Sep 18: SP500 = 1459.32. No new signals. Sentiment data sets mixed.
-Sep 17: SP500 = 1461.19. No new signals. All data sets neutral today.

---

-Sep 14: SP500 = 1465.77. NYSE & Nasdaq giving sell signals. Again confirmed by sentiment data sets. Sell strength and protect / trade appropriately.
-Sep 13: SP500 = 1459.99. NYSE, SPY, Q's and sentiment data all indicating sell signals. Recent weeks have produced multiple clusters of sell signals and marginal gains at best. Sell strength.
-Sep 12: SP500 = 1436.56. No signals. Third consecutive day of completely neutral data sets.
-Sep 11: SP500 = 1433.56. All data sets neutral. No signals. Wednesday news background could provide insight related to any change in data sets.
-Sep 10: SP500 = 1429.08. All data sets neutral. No signals.

---

Remember, the signals are for trading turns. After selling strength or buying weakness you invariably get a move. Sometimes you get a big move, sometimes a small one. In any event, the vast majority of the time you are afforded an opportunity to protect and trade out in very short order. Trade to take money off the table when conditions correct and always protect the balance. Life is short, and so it goes with most trades. Got to take what you are given with a tool that gives you an edge. Temper your position sizes and tact with market action. Whatever happens, don't go unprotected. Big losses are not to be tolerated or accommodated. A good edge always wins on balance.

---

-Sep 7: SP500 = 1437.92. Data sets confirming sell mode. Sell strength.  (and of course trade / protect appropriately).
-Sep 6: SP500 = 1432.12. All primary parameters giving sell signals with support from the majority of sentiment data sets. Return to sell mode. Sell strength.
-Sep 5: SP500 = 1403.44. No signals can be generated within the continued and expanding churn within the current congestion.
-Sep 4: SP500 = 1404.94. Mixed data. Volume appears to be churning and indicative of a turning point. All but one sentiment data set is neutral. Protect all positions.
-Sep 3: Labor Day Holiday

---

-Aug 31: SP500 = 1406.57. Neutral data with one exception, but it's a "non-call" situation due to congested nature of the current price action.
-Aug 30: SP500 = 1399.48. No new primary signals. Sentiment data sets more supportive of a bounce.
-Aug 29: SP500 = 1410.49. No new signals. Yesterday's comments apply.
-Aug 28: SP500 = 1409.30. No new signals. Sentiment lightly supportive of a bounce.
-Aug 27: SP500 = 1410.44. No new signals. Sentiment data sets mixed (some positive, some negative).

---

-Aug 24: SP500 = 1411.13. No new signals. Oversold alleviated. All data sets neutral.
-Aug 23: SP500 = 1402.08. Quick oversold achieved with sentiment data swinging a full 180 from last Friday's sell. No primary indicator signals. Continue to protect any positions appropriately.
-Aug 22: SP500 = 1413.49. Volume in SPY and Q's supportive of sell signal (churning/ distribution near the highs). Sentiment data remains mixed. One can't rule out further chop higher, as risk continues to elevate. Sell strength.
-Aug 21: SP500 = 1413.17. NYSE and Q's (2 of the 4 primary data sets) confirm last week's signals with a new sell signal. Sentiment data sets are neutral.
-Aug 20: SP500 = 1418.13. No new signals. Data neutral. Protect any sales. Await new signals.

---

-Aug 17: SP500 = 1418.16. Sentiment data confirming yesterday's Nasdaq sell signal. Sell strength.
-Aug 16: SP500 = 1415.51. Nasdaq sell signal without sentiment data set confirmations. Total picture is only slightly biased toward selling strength, but we'll call it a sell signal nonetheless.
-Aug 15: SP500 = 1405.53. No signals. Neutral data.
-Aug 14: SP500 = 1403.93. No signals. Neutral data.
-Aug 13: SP500 = 1404.11. No signals. Neutral data.

---

-Aug 10: SP500 = 1405.87. No new signals.
-Aug 9: SP500 = 1402.80. No new signals.
-Aug 8: SP500 = 1402.22. No new signals. Previous comments apply. Primary data sets remain quiet.
-Aug 7: SP500 = 1401.35. No new signals.
-Aug 6: SP500 = 1394.23. No new signals. Awaiting new signal. Could chop higher into / through next week.

---

-Aug 3: SP500 = 1390.99. No new signals. Sentiment flipped 180 to being supportive of selling (not uncommen in today's markets). No primary data sets giving us a new sell signal however. Take it a day at a time.
-Aug 2: SP500 = 1365.00. No new signals. Half of the sentiment data sets are now supportive of a buy signal, though the key primary data sets are signal-less.
-Aug 1: SP500 = 1375.32. No new signals. Mixed data. Continue to protect all sales appropriately.
-Jul 31: SP500 = 1379.32. No new signals. Protect all sales as appropriate.
-Jul 30: SP500 = 1385.30. Sell mode remains in effect. Sell strength.

---

-Jul 27: SP500 = 1385.97. Nasdaq and SPY giving sell signal. Sentiment data sets supportive of the sell. Sell strength.
-Jul 26: SP500 = 1360.02. NYSE and Nasdaq have triggered volume parameters. Sentiment data sets totally neutral. Since market is in the middle of a several week congestion, the signal is meaningless. One possibility that happens on occasion is that this represents a lift off to higher levels. IF SO, the buy signals of Tuesday could be very telling. Time will tell in full. Protect positions.
-Jul 25: SP500 = 1337.89. No signals. Data sets neutral.
-Jul 24: SP500 = 1338.31. SPY 10-day buy and Nasdaq 7-day buy signals. NOT as strong or resounding as I would like to clear the air, but worthy of noting. Tip towards buy mode for the short term. Buy weakness, protect appropriately.
-Jul 23: SP500 = 1350.52. No new signals. Mixed data. Could get a rally but not because of any type of downside exhaustion.

---

-Jul 20: SP500 = 1362.66. No new signals.
-Jul 19: SP500 = 1376.51. NYSE parameter sell signal. Sentiment supported. Sell strength, protect appropriately.
-Jul 18: SP500 = 1372.78. Nasdaq parameter sell signal. Supported by sentiment data. Sell mode, sell strength.
-Jul 17: SP500 = 1363.67. Nasdaq parameter sell signal. Supported by sentiment data. Look to sell strength.
-Jul 16: SP500 = 1353.64. No signals.

---

-Jul 13: SP500 = 1356.78. No new signals. No opportunity to buy weakness.
-Jul 12: SP500 = 1334.76. REVISED 7/13: Primary buy indications (in 7 day NYSE and Q's), though data is mixed and less than emphatic there is in fact a buy signal.
-Jul 11: SP500 = 1341.45. No signals.
-Jul 10: SP500 = 1341.47. No primary indicator signals. Sentiment data could confirm a buy signal if one were to occur.
-Jul 9: SP500 = 1352.46. No signals. Data sets quiet and mixed.

---

-Jul 6: SP500 = 1354.68. No signals.
-Jul 5: SP500 = 1367.58. No signals. Neutral data sets.
-Jul 4: Independence Day Holiday
-Jul 3: SP500 = 1374.02. No signals. Sentiment data sets remain supportive of sell mode.
-Jul 2: SP500 = 1365.51. No signals. Not unusual for a Monday. Remain in sell mode.

---

-Jun 29: SP500 = 1362.16. Sell signal from NYSE and SPY data sets. Sentiment data sets generally confirming. Sell strength. Re-enter sell mode.
-Jun 28: SP500 = 1329.04. No signals. Mid-week data sets have been quite neutral.
-Jun 27: SP500 = 1331.85. No signals.
-Jun 26: SP500 = 1319.99. No signals. 
-Jun 25: SP500 = 1313.72. No signals.  As usual, always protect positions appropriately.

---

-Jun 22: SP500 = 1335.02. No signals.
-Jun 21: SP500 = 1325.51. No signals.  Sentiment data sets shift a bit, which is normal in a sharply lower market.
-Jun 20: SP500 = 1355.69. No signals. Neutral data sets.
-Jun 19: SP500 = 1357.98. No signals.  Mixed data sets.
-Jun 18: SP500 = 1344.78. No signals. A typical light volume Monday, though data sets are still supportive of the sell mode; sell strength.

---

-Jun 15: SP500 = 1342.84. NYSE and Nasdaq data sets giving sell signals. Sentiment data continues to be moderately supportive of these signals. Sell strength as sell mode continues.
-Jun 14: SP500 = 1329.10. SPY and Q data sets giving shorter parameter sell signals. Only minor sentiment support to the signals. Sufficient to offset buys from June 1 below 1278. Consider well timed intraday sales on strength with appropriate protection.
-Jun 13: SP500 = 1314.88. No signals. Neutral data.
-Jun 12: SP500 = 1324.18. No signals. Neutral data.
-Jun 11: SP500 = 1308.93. No signals. Mixed data.

---

-Jun 8: SP500 = 1325.66. No signals. Rally progressing from buy signal of last Friday. Protect longs.
-Jun 7: SP500 = 1314.99. No new signals. Mixed data sets. As always, protect positions.
-Jun 6: SP500 = 1315.13 No new signals.
-Jun 5: SP500 = 1285.50. No new signals.
-Jun 4: SP500 = 1278.18. All data sets neutral.

---

-Jun 1: SP500 = 1278.04. NYSE data-set buy signal. Confirmed by sentiment data sets. Buy weakness, protect appropriately.
-May 31: SP500 = 1310.33. No signals. Data sets tipped to the buy side but no resolution to current congestion / standoff.
-May 30: SP500 = 1313.32. No signals. Sentiment and volatility again almost doing a 180. Expect more of same, not ruling out waterfall, or exhaustions (in either direction). Risk elevated.
-May 29: SP500 = 1332.42. No primary signals. Sentiment data sets suggest that the rally is stretched.
My alternative "Brainstorm II" system is signaling that the rally is a sale for at least the short term. Trade / protect appropriately.
-May 28: Memorial Day Holiday

---

-May 25: SP500 = 1317.82. No new signals. Data remains neutral.
-May 24: SP500 = 1320.68. No new signals. Still looking at neutral data sets.
-May 23: SP500 = 1318.86. No new signals. All data sets remain neutral.
-May 22: SP500 = 1316.63. No new signals. All data sets neutral.
-May 21: SP500 = 1315.99. No new signals, though sentiment data sets show an abrupt shift to overbought as the crowd runs from one side of the boat to the other. Await new signals and protect all positions appropriately.

---

-May 18: SP500 = 1295.22. Data sets remain supportive of buy mode.
-May 17: SP500 = 1304.86. Market is quite oversold. Our primary indicator and the SPY are both giving buy signals. Buy weakness with usual caveat regarding the hazards of free-falling markets rather than the norm. The weekend remains hazardous in terms of potential financial event driven surprises.
-May 16: SP500 = 1324.80. No new signals. 7-day exhaustion pattern suggests a rebound is forthcoming.
-May 15: SP500 = 1330.66. No new signals. Sentiment data sets tipping toward buy signal. Is exhaustion (or panic) pending? Last week's cautionary note was well advised.
-May 14: SP500 = 1338.35. No new signals.

---

  For some input on buy signals during down markets, please page down to charts that have been posted in recent years.

---

-May 11: SP500 = 1353.39. No new signals. Neutral data. Pretty sloppy market.
-May 10: SP500 = 1357.99. No new signals. Sentiment data mixed. Remain vigilant.
-May 9: SP500 = 1354.58. Data sets confirming buy signal (buy weakness and protect).
==============
Comment: Market should rally, but caution advised. Nonetheless, there is something eerie about the market action. Recovery attempts are dismal. One can't rule out a vacuum developing on the downside. Volatility is still subdued relative to where it might venture. Is something about to hit the fan soon? This initial cluster of buys could be just a precursor to further weakness as is sometimes (though not often) the case. The relative strength in gold miners was perhaps significant today (Wed).
==============
-May 8: SP500 = 1363.72. Majority of all data sets giving another strong buy signal. Continue to buy weakness.
-May 7: SP500 = 1369.58. Neutral data, no new signals. Protect any / all longs appropriately. Remain in buy mode.

---

-May 4: SP500 = 1369.10. Just about all data sets confirming a much better buy signal as anticipated yesterday. Buy weakness, protect appropriately.
-May 3: SP500 = 1391.57. Cluster of short term data sets ( 8-day Nasdaq included) giving buy signal. May get better signal. For the record, look to buy weakness and protect appropriately.
-May 2: SP500 = 1402.31. No signals.
-May 1: SP500 = 1405.82. No signals.
-Apr 30: SP500 = 1397.91. No signals. Neutral data sets.

---

-Apr 27: SP500 = 1403.36. No signals. Neutral data sets.
-Apr 26: SP500 = 1399.98. No signals. Sentiment data neutral.
-Apr 25: SP500 = 1390.69. No signals. Sentiment data sets suggest pullback is due.
-Apr 24: SP500 = 1371.97. No signals. Data sets mixed. Await new signal.
-Apr 23: SP500 = 1366.94. No signals. Data sets remain neutral. Await new signal.

---

-Apr 20: SP500 = 1378.53. No signals. Data sets neutral.
-Apr 19: SP500 = 1376.92. Buy signal from Nasdaq and Q's primary data sets. Not confirmed by sentiment data. Might get confirmation if market is weak on Friday.
-Apr 18: SP500 = 1385.14. No new signals. Data sets neutral.
-Apr 17: SP500 = 1390.78. No new signals. Data sets somewhat like that of rally on Apr 12.
-Apr 16: SP500 = 1369.57. No new signals. Await new signal before re-entering market.

---

-Apr 13: SP500 = 1370.26. No new signals. Data sets volatile. Await new signal since there was not an opportunity to buy weakness following Tuesday's buy signal.
-Apr 12: SP500 = 1387.57. No primary data set signals, although 4 of 6 sentiment data sets indicate overbought condition.
-Apr 11: SP500 = 1368.71. No signals. Neutral data.
-Apr 10: SP500 = 1358.59. Nine of ten data sets giving buy signals. Buy weakness and protect appropriately.
-Apr 9: SP500 = 1382.20. No new primary signals, though the majority of the sentiment data sets do indicate an oversold condition.

---

-Apr 6: Good Friday Holiday
-Apr 5: SP500 = 1398.08. No new signals. Neutral data sets.
-Apr 4: SP500 = 1398.96. No new signals.
-Apr 3: SP500 = 1413.38. No new signals.
-Apr 2: SP500 = 1419.04. No new signals. Mixed data. Some hints of sentiment shift (big swings very common in recent weeks). Protect all positions appropriately.

---

-Mar 30: SP500 = 1408.47. Nasdaq primary data set giving a buy signal, as SPY did yesterday.
-Mar 29: SP500 = 1403.28. SPY has generated a buy signal, though not strongly confirmed by sentiment data sets.  Rotational market. Coal has been weakest group, today the strongest. Strong home builders, now weak. Expect a rally attempt.
-Mar 28: SP500 = 1405.54. No new signals.
-Mar 27: SP500 = 1412.52. No new signals. Mixed data.
-Mar 26: SP500 = 1416.51. No primary parameter signals. Just as sentiment data sets tipped toward a buy at the end of last week, they are now tipping towards a sell signal. Awaiting new signal.

---

-Mar 23: SP500 = 1397.11. No signals. If you have not traded out some profits, further patience might well be rewarding. Trade and protect sales appropriately while awaiting new signal.
-Mar 22: SP500 = 1392.78. No signals. Sentiment data would have confirmed a buy signal IF one had materialized. Protect sales appropriately.
-Mar 21: SP500 = 1402.89. No signals. Neutral data sets.
-Mar 20: SP500 = 1405.52. No new signals.
-Mar 19: SP500 = 1409.75. No new signals. Protect all sales appropriately.

---

-Mar 16: SP500 = 1404.17. NYSE/Nasdaq sell signal generated today (OE influenced but sentiment confirmed). Sell strength.
-Mar 15: SP500 = 1402.60. Q's again supporting sell mode.
-Mar 14: SP500 = 1394.28. NYSE confirming distribution, though not necessarily capitulation. Remain in sell mode (selling strength) while protecting all sales appropriately.
-Mar 13: SP500 = 1395.95. NYSE / Q's giving 7- 8 day parameter sell signal. Sell is supported by sentiment data sets. Sell strength.
-Mar 12: SP500 = 1371.09. No new signals. Lowest volume of the year today.

---

-Mar 9: SP500 = 1370.87. No new signals. Protect any/ all positions as usual.
-Mar 8: SP500 = 1365.91. No new signals.
-Mar 7: SP500 = 1352.63. No new signals. Neutral sentiment data sets.
-Mar 6: SP500 = 1343.36. SPY generated a buy signal, supported by sentiment data. Buy weakness.  Caveat: Initial signals that call for a mode change can occasionally indicate the beginning of a move and in that case may be early. We saw that in the Jan-Feb advance. Then, the first sell was early as the trend changed to higher. Trade with that possibility in mind. If you own my original Ultimate Stock Market Indicator paper, please read it for reference.
-Mar 5: SP500 = 1364.33. No new signals. Data has turn mixed. Protect any / all positions appropriately.

---

-Mar 2: SP500 = 1369.63. No new signals. Data neutral.
-Mar 1: SP500 = 1374.09. Q's giving sell signal, but again, not corroborated by sentiment data sets. Have not achieved climactic conditions (may or may not before pullpack or turn).
-Feb 29: SP500 = 1365.68. Primary indicators are giving a signal that is supportive of previous sell signals. Much of what you can say about today is eerily similar to the Feb 10 post (though I was inclined to be a buyer at that time). There is no revealing sentiment data today. Indexes could bounce again but I don't think you can call today's data a buy signal. Trade with care.
-Feb 28: SP500 = 1372.18. No new signals.
-Feb 27: SP500 = 1367.59. No new signals. Neutral data.

---

-Feb 24: SP500 = 1365.74. Mixed data, no new signals.
-Feb 23: SP500 = 1363.46. Awaiting new signal to trade / position. None today.
-Feb 22: SP500 = 1357.66. No signals.
-Feb 21: SP500 = 1362.21. No signals.
-Feb 20: Holiday - Presidents' Day

---

-Feb 17: SP500 = 1361.23. No signals. Data sets return to mixed. As always protect any positions appropriately.
-Feb 16: SP500 = 1358.04. No signals. Data sets again tip to sell side and still suportive of sell signal (edited due to revised data). Option expiration affecting churn and volume. Uncommon period which may be unduly affected by money having moved out of Europe and into US stocks?... at least for the short term.
-Feb 15: SP500 = 1342.23. SPY and Q's churning at highs creating sell signals but data sets are NOT all that one sided indicating there may be more churn or rally before significant direction evolves. Risk continues elevated.
-Feb 14: SP500 = 1350.50. No new signals. Neutral data. Still working as a possible top in place (see Feb 10 comments). Play appropriately. Risk elevated, but could go either way short term.
-Feb 13: SP500 = 1351.77. No new signals. Rebounded as yesterday's strong data suggested it should. Neutral data today. We'll take it a day at a time.

---

-Feb 10: SP500 = 1342.64. There was a broad reversal to extremes in all data sets. After a long series of sentiment data indicating overbought and very high optimism (with accompanying sell signals), the shift Friday relative to the recent optimism, created a "buy signal". This buy signal however is not consistent with an oversold condition. While it could certainly indicate a forthcoming immediate market bounce with perhaps only incremental gains, such a signal often occurs at the beginning of a trend change of some duration. In this case, a trend change to down. Trade with that possibility in mind. If you own my original Ultimate Stock Market Indicator paper, please read it for reference.
    Though not one of my data sets, it is worthwhile to note that insider selling has picked up very dramatically thus far in the month of February. Buyers beware.
-Feb 9: SP500 = 1351.95. No signals. Data mixed.  Incremental gains only with advance of only .52% since sell signal of Feb 3.
-Feb 8: SP500 = 1349.96. No signals. Data mixed.
-Feb 7: SP500 = 1347.05. No new signals.
-Feb 6: SP500 = 1344.33. No new signals.

---

-Feb 3: SP500 = 1344.90. NYSE and Nasdaq sell signals. Well supported by sentiment data sets. Sell strength.
-Feb 2: SP500 = 1325.54. Data sets supportive of yesterday's sell signal.
-Feb 1: SP500 = 1324.09. A solitary Nasdaq sell signal. Once again only modestly supported by sentiment data sets. Protect any sales appropriately.
-Jan 31: SP500 = 1312.41. No signals. Mixed / neutral data.
-Jan 30: SP500 = 1313.01. No signals. Mixed data.

---

-Jan 27: SP500 = 1316.33. No signals. Neutral data sets. A/D line is positive, but volume is concentrated in stocks closing lower.
-Jan 26: SP500 = 1318.43. NYSE / Nasdaq sell signals. Again, sentiment data sets are non-confirming.
-Jan 25: SP500 = 1326.06. New SPY / Q's sell signals although once again a tempered signal without sentiment data confirmation.
-Jan 24: SP500 = 1314.65. No signals. Data sets tipping constructive in spite of extended rally. Protect positions as always.
-Jan 23: SP500 = 1316.00. No signals. Data neutral.

---

-Jan 20: SP500 = 1315.38. No new signals. Mixed data sets (likely somewhat attributable to option expiration).
-Jan 19: SP500 = 1314.50. NYSE sell signal confirming sell mode. Sell strength.
-Jan 18: SP500 = 1308.04. Q's and Nasdaq both giving sell signals. Sentiment data fairly supportive of sell signals. Sell strength and as always, protect appropriately.
-Jan 17: SP500 = 1293.67. No signals. Data sets continue to be relatively neutral.
-Jan 16: MKL Holiday

---

-Jan 13: SP500 = 1289.09. No new signals. Sentiment data sets mixed to positive. Market on-balance overbought, though not climactically.
-Jan 12: SP500 = 1295.50. No new signals.
-Jan 11: SP500 = 1292.48. No new signals. Neutral data.
-Jan 10: SP500 = 1292.08. No new signals. Mixed data.
-Jan 9: SP500 = 1280.70. No new signals.

---

-Jan 6: SP500 = 1277.81. Data remains in sell mode. Sell strength and protect appropriately.
-Jan 5: SP500 = 1281.06. Primary indicator sell signal. Sentiment data is failing to give convincing confirmation. Sell strength and protect appropriately (never ignore the primary indicator even though data is one set short of a signal with conviction).
-Jan 4: SP500 = 1277.30. Another minor 7 day, unsupported sell. This time in the Nasdaq. Data sets continue to be on-balance neutral.
-Jan 3: SP500 = 1277.06. Weak 7 day sell signal in NYSE data set. Balance of data sets are mixed at best and not supportive of sell signal. Await next signal for viable entry.
-Jan 2, 2012: - New Year's Day Holiday

---

-Dec 30: SP500 = 1257.60. No new signals. Neutral data.
-Dec 29: SP500 = 1263.02. No new signals. The diminishing mass of traders continue to rush from one side of the proverbial boat to the other without resolution or signals.
-Dec 28: SP500 = 1249.64. No new signals.
-Dec 27: SP500 = 1265.43. No new signals.
-Dec 26: Christmas Day Holiday

---

REGARDING STRENGTH OF SIGNAL:
-I look at 13 data sets as various signal confirmations, 4 of which are volume parameters. I classify the strength of the signal by the preponderance of data sets confirming extremes over a 2 day period.  When at least 5 (usually more) of the data sets including one of the volume sets confirms, it qualifies as a signal.
-The Dec 21 signal was either 5 or 7 set sell over a 2 day period. That is, 5 if I use my 9-data set signal (vs total of 13 sets that I follow). The sell keyed on the Nasdaq which admittedly is the weakest index.
-The prev sale (Nov 30) included all 4 of the volume sets, i.e. a much stronger signal. 

---

-Dec 23: SP500 = 1265.33. No new signals. Will this leg be reminiscent of Jan 1973 move and the rampant bullishness that did a 180 to become what at that time was the worst post-WWII bear in history (1973-74)? Stay on your toes.
-Dec 22: SP500 = 1254.00. No new signals. Indicator remains in sell mode (sell strength).
-Dec 21: SP500 = 1243.72. Two day sum of data sets confirm sell signal. Sell strength and protect appropriately.
-Dec 20: SP500 = 1241.30. Q's are providing a solitary sell signal. Sentiment data sets are moderately supportive of sell, but once again the data mix is not characteristic of a well defined signal. Occasionally the market will initiate (rather than conclude) a move under similar conditions (a burst out of congestion). Think sell, and elect to watch subsequent data for confirmations or new signals which could be forthcoming.
-Dec 19: SP500 = 1205.35. No new signals.

---

-Dec 16: SP500 = 1219.68. Both NYSE and Nasdaq have generated primary parameter signals, aided by the influence of option expiration.  I wil defer action since once again, the signals are not reflective of the conclusion of a directional move. Stocks are in minor (3 day) as well as major (multi-week) congestion. Bias continues to run with the sell signal of Nov 30. The upside volume smacks of distribution. Take it a day at a time, protect positions, and wait for the next signal.
-Dec 15: SP500 = 1215.75. No signals. Data sets mixed.
-Dec 14: SP500 = 1211.82. NYSE has generated a buy signal. This is a little better supported by sentiment data sets than yesterday's signal, but continues to lack climactic significance, i.e. a very soft buy. Option expiration is a factor here that will affect data through Friday. NYSE data set merits at least some reason to buy weakness but the signal should be viewed cautiously. We'll take it a day at a time. Protect all sales appropriately in the interim.
-Dec 13: SP500 = 1225.73. Q's are generating 8-day buy signal but signal is unsupported, and negated by sentiment data sets which are mixed, even though tipping toward a possible buy signal. As always, protect all positions appropriately.
-Dec 12: SP500 = 1236.47. No new signals. Mixed data sets.

---

-Dec 9: SP500 = 1255.19. Nice uptick, but no signals as data sets return to mixed status.
-Dec 8: SP500 = 1234.35. No new signals yet, but sentiment data sets are shifting toward positive.
-Dec 7: SP500 = 1261.01. No signals. Data sets neutral.
-Dec 6: SP500 = 1258.47. No signals. Data sets fairly neutral.
-Dec 5: SP500 = 1257.08. No signals. NIce opportunity to sell some on a bulge. Protect any / all positions appropriately.

---

-Dec 2: SP500 = 1244.28. No new signals.
-Dec 1: SP500 = 1244.58. No new signals.
-Nov 30: SP500 = 1246.96. All 4 primary indicators giving sell signals; sentiment confirms. Sell strength and protect appropriately.
-Nov 29: SP500 = 1195.19. No new signals.
-Nov 28: SP500 = 1192.55. Short term sentiment flips again. NO new primary data set signals.

---

-Nov 25: SP500 = 1158.67. Awaiting new signals. None today. No indictions from sentiment data sets either. For those who own my Trading Point paper, there are a good number of "7 day exhaustion" buy patterns in stocks, etc (usually a good short term turn indicator for traders).
-Nov 24: Thanksgiving Holiday
-Nov 23: SP500 = 1161.79. No signals. Sentiment data shifted to buy side. Market oversold. Awaiting next indication to take a position.
-Nov 22: SP500 = 1188.04. No signals. Mixed data tipping slightly negative. Waiting for new signal or confirmation to buy weakness.
-Nov 21: SP500 = 1192.98. No signals or confirmations. Neutral data.

---

-Nov 18: SP500 = 1215.65. No new signals. Neutral data today.
-Nov 17: SP500 = 1216.13. Nasdaq and Q data giving buy signals. Sentiment supportive but not overwhelmingly so. Return to buy mode. Buy weakness with appropriate protection.
-Nov 16: SP500 = 1236.91. No signals. Still showing neutral data
-Nov 15: SP500 = 1257.81. No signals. Two successive days of fairly clueless data sets.
-Nov 14: SP500 = 1251.78. No signals. Neutral data. Monday is always a low volume day, but this week it's incredibly low.

---

-Nov 11: SP500 = 1263.85. No signals. Neutral data.
-Nov 10: SP500 = 1239.70. No signals. Neutral data.
-Nov 9: SP500 = 1229.10. No signals. Awaiting new trade indications. Sentiment data confirming buy, primary data sets are not.
-Nov 8: SP500 = 1275.72. No signals. Neutral data as rally continues.
-Nov 7: SP500 = 1261.12. No signals. Protect and await new indications.

---

-Nov 4: SP500 = 1253.23. No signals. Neutral data continues.
-Nov 3: SP500 = 1261.15. No signals. Neutral data. Protect any longs.
-Nov 2: SP500 = 1237.90. No signals. No weakness to buy. Neutral data. Temper buy mode, protect any positions appropriately while observing further action.
-Nov 1: SP500 = 1218.28. SPY has generated a buy signal supported by the majority of sentiment data. Buy weakness.
-Oct 31: SP500 = 1253.30. Protect all sales made Friday. No new signals. Mixed sentiment data sets.

---

-Oct 28: SP500 = 1285.08. No new signals. Present data still confirming sell mode (sell strength).
-Oct 27: SP500 = 1284.59. Primary data sets all giving sell signals. Sell strength. Protect appropriately.
-Oct 26: SP500 = 1242.00. Mixed data. Nasdaq and Q's seemingly are suggesting distribution (matter of interpretation...not clear cut). Sentiment data tipped slightly toward buy signal for the last two days. I'd be reluctant to strongly advocate either side without more definitive and corroborating evidence.
-Oct 25: SP500 = 1229.05. No new signals. Sentiment data has been subject to rapidly changing short term extremes in recent weeks and shifted back to tipping toward a buy signal. Sentiment is NOT an indicator signal. Indicator data sets (to signal market direction) are mired in neutral. Sentiment is only used as confirming data for the primary volume signals. No volume signals present currently. Today achieved a moderate pullback in the sharply overbought condition of the market.
-Oct 24: SP500 = 1254.19. No new signals. Market overbought. Continuing to await new entry.  Sentiment continues to tip toward sell signal. 

---

-Oct 21: SP500 = 1238.25. No signals. Data continues mixed. Odds favor getting eventual 2nd sell signal as part of the rally continuation.
-Oct 20: SP500 = 1215.39. No signals. Mixed data.
-Oct 19: SP500 = 1209.88. A touch of a reversal. Protect any sales made early in the day's strength. Data hints that the rally might resume. Still in sell mode, but as always, take it a day at a time.
-Oct 18: SP500 = 1225.38. NYSE, SPY, Q's, all showing a sell signal to some degree (9 or 10 day parameters). Sentiment, which has been mixed, is tipped to sell as well. My standard of 5 data sets confirming signal over two day's time has been affirmed. Sell strength.
-Oct 17: SP500 = 1200.86. No signals. Mixed data.

---

-Oct 14: SP500 = 1224.58. No new signals. Stretched rally, but data remains mixed. Protect longs.
-Oct 13: SP500 = 1203.66. No new signals.
-Oct 12: SP500 = 1207.25. No new signals. Train continues on track. Continue to take it one day at a time.
-Oct 11: SP500 = 1195.54. No new signals. No changes of significance.
-Oct 10: SP500 = 1194.89. No new signals. Sentiment leaning mildly once again toward sell side. We'll need much more of a volume burst to generate a sell signal. Protect longs as usual.

---

  For some input on buy signals during down markets, please page down to charts that have been posted in recent years.

---

-Oct 7: SP500 = 1155.46. No new signals. Data stays neutral.
-Oct 6: SP500 = 1164.97. No new signals. Sentiment data about net neutral. Protect longs.
-Oct 5: SP500 = 1144.04. No new signals. Sentiment data sets lean toward sell signal. Protect any longs you may have entered.
-Oct 4: SP500 = 1123.95. Seven day parameter in primary data sets indicates an exhaustion of sorts and a turn. Some of the put/call sentiment confirms the signal as well. I'll call it a buy signal, though the current exhaustion weakness may or may not be behind us. Buy weakness and protect appropriately.
-Oct 3: SP500 = 1099.23. Awaiting new signals. None today.

---

-Sep 30: SP500 = 1131.42. No signals. Mixed daily sentiment data.  
-Sep 29: SP500 = 1160.40. No signals. Pretty much neutral data. Keep stops in place. One more upside surge might be revealing.
-Sep 28: SP500 = 1151,06. No signals. Sentiment data shifted to support buy side, but not climactic.
-Sep 27: SP500 = 1175.38. No signals. Neutral data. A little distribution it would seem.
-Sep 26: SP500 = 1162.95. Nice bounce. No signals. Mixed data. Sentiment shift to sell signal side. Protect positions appropriately.

---

-Sep 23: SP500 = 1136.43. No signals. Protect all positions.
-Sep 22: SP500 = 1129.56. There was ample weakness to buy the indexes today. The primary and sentiment data overwhelmingly confirm that a buy signal is in force. Buy weakness. Protect appropriately.
-Sep 21: SP500 = 1166.76. NYSE buy signal. Sentiment data mildy supportive. Buy weakness. Note: Historicallly, a small number of signals often occur as initial breakaways in the middle of a range and do not represent climactic turning points. There is perhaps a one in ten chance that this may be such a happening. Looking at the NYSE Index, I would not hesitate to use this signal. At the risk of being early, buy weakness with appropriate protection.
-Sep 20: SP500 = 1202.09. No new signals. Data neutral.
-Sep 19: SP500 = 1204.09. No new signals. Sentiment data continues to moderately support selling. As always, protect positions appropriately.

---

-Sep 16: SP500 = 1216.01. Nasdaq and Q's record a sell signal again with generally supportive data from sentiment data sets.
-Sep 15: SP500 = 1209.11. Primary data backed to neutral, though sentiment date continues to be generally supportive of a sale. We remain in a "sell mode" (sell strength). As always, protect sales appropriately.
-Sep 14: SP500 = 1188.68. Sell signal from both Nasdaq and Q's primary data sets. Generally supportive data from sentiment sets, though not at the levels that I prefer. Sell strength. We could get a series of sells if the market chops higher during option expiration this week.
-Sep 13: SP500 = 1172.87. Mixed data. No signals. Protect as usual.
-Sep 12: SP500 = 1162.27. Nice opportunity to buy weakness today. Data sets supportive. As always, protect longs appropriately.

---

-Sep 9: SP500 = 1154.23. Volume and sentiment parameters converge to elicit a buy signal. Traders should return to the buy mode and buy weakness.
-Sep 8: SP500 = 1185.90. No signals. Data sets neutral.
-Sep 7: SP500 = 1198.62. No signals. Sentiment data with some sell signal bias. Enough perhaps to suggest a stall or down day for tomorrow.
-Sep 6: SP500 = 1165.24. No signals. Neutral data sets.
-Sep 5: Labor Day Holiday

---

-Sep 2: SP500 = 1169.75. No new signals. 2nd down day was right on target. Sentiment data sets swing to buy indication but not confirmed by primary indicators (pre-holiday data prone to "no-signal" environments). Direction from here may be mixed pending new primary signal.
-Sep 1: SP500 = 1204.60. No signals. Data mixed. Today was a down day as anticipated.
-Aug 31: SP500 = 1218.89. No new signals. Indications via sentiment is that 1-2 down days are a strong possibiltiy here.
-Aug 30: SP500 = 1212.92. No new signals.  Sentiment data turned to neutral today, Tuesday. Sentiment data can swing sharply on a day to day basis. Helpful short term, and excellent at confirming turning points, but not valuable as a turning point indicator by itself. I am waiting for next primary buy/sell signal. Protect any longs from last primary buy signals through Aug 8.
-Aug 29: SP500 = 1210.08. No primary signals (it's a normal low-volume Monday) but all sentiment data is calling for a sale.

---

-Aug 26: SP500 = 1176.80. No signals. Neutral data.
-Aug 25: SP500 = 1159.27. No signals. Sentiment data again continues to modestly suggest sell. Would not surprise me to see another down day.
-Aug 24: SP500 = 1177.60. No signals. Sentiment data only modestly suggesting a sell, and my smart money indicator is suggesting a down day Thursday.
-Aug 23: SP500 = 1162.35. No signals. Data pretty much neutral. Question is whether new buy or a sell will emerge first. A rally failure here and a drop under 1120 could quickly generate a buy signal. Alternatively, a surge to beyond 1220 would set the stage for a possible sell. Take it a day at a time.
-Aug 22: SP500 = 1123.82. No signals. Data neutral.

---

-Aug 19: SP500 = 1123.53. No primary data set signals. Sentiment shifts further which could be enough to support a rally.
-Aug 18: SP500 = 1140.65. No signals, just a moderate shift to the other side of the boat by some sentiment indicators. Enough to presage a rally attempt from these levels. Those who have closed trades, await next signal for new positions.
-Aug 17: SP500 = 1193.88. No signals. Neutral data.
-Aug 16: SP500 = 1192.76. No signals. Data sets tempered to neutral status. Oversold worked off. Protect positions as usual.
-Aug 15: SP500 = 1204.49. No new signals. Data constructive. A pause would be normal. Option expiration this week.

---

-Aug 12: SP500 = 1178.81. No new signals. First time in 14 days that all data sets neutral. Protect positions appropriately.
-Aug 11: SP500 = 1172.64. No new signals. Sentiment flops back to suggesting to move to the  sell side, but that is not to be unexpected with with the consecutive 50 point rallies and declines.
-Aug 10: SP500 = 1120.76. There was enough sentiment sell data yesterday, as well as late SPY volume data that suggested the market could turn soft as it did again today. No new signals. Data sets neutral. Protect positions appropriately.
-Aug 9: SP500 = 1172.53. No new primary signals. Sentiment data flipped to the sell side which is not uncommon at reversals. Minimally, this was or is a relief-rally in progress. This is a good opportunity to adjust stops on any long positions.
-Aug 8: SP500 = 1119.46. Yes, this is a crash, though it is still in "slow motion". There is no telling how far it's going as data sets continue to set extremes daily, today included. Apprehension and stop protection should be keeping long side traders whole. Buy signals repeated for 8 of the last 12 trading days as capitulation type buy signals.

---

-Aug 5: SP500 = 1199.38. Primary data sets all confirm buy signals. Volume expanded every day this week to a level of about 2.5x normal on Friday.
-Aug 4: SP500 = 1200.07. ALL data sets at extremes. BUY SIGNAL REPEATED. Risk management has been key to surviving the current decline. In spite of the capitulation, each day has been progressively more extreme. It's how crashes happen. Trade appropriately.
-Aug 3: SP500 = 1260.34. Repeat of the buy indications. Yesterday's comments / conditions apply. The widely accepted view is becoming that trend is now down which is likely sufficient to trigger a rally attempt.
-Aug 2: SP500 = 1254.05. Resounding buy signal across the board in the primary indiators. Sentiment data sets confirm. I spoke of whether the capitulation was complete last week with thoughts that it might take a "serious" capitulation to end the current decline. As always manage risk appropriately when taking any positions.
-Aug 1: SP500 = 1286.94. Like a broken record, SPY and Q's' along with sentiment repeat buy signal.

---

-Jul 29: SP500 = 1292.28. Buy signal again confirmed by SPY and sentiment data.
-Jul 28: SP500 = 1300.67. Sentiment data sets confirming buy mode. Buy weakness. IMPORTANT: One can't rule out further selling into a potential vacuum, i.e. how serious of a capitulation / exhaustion is possible here? Position and manage your risk appropriately.
-Jul 27: SP500 = 1304.89. Buy signal; buy weakness. 3 primary indicators and 3 sentiment indicators are confirming a buy signal.
-Jul 26: SP500 = 1331.94. No new signals. Sentiment data remains biased toward lower prices.
-Jul 25: SP500 = 1337.43. No new signals. Neutral data sets. Manage / protect shorts appropriately.

---

-Jul 22: SP500 = 1345.02. No new signals. Sell mode continues. Sell strength.
-Jul 21: SP500 = 1343.80. NYSE, Nasdaq, and SPY sell signals. Exit long indexes and sell strength. Ironically same SPX close as July 8 sell signal. Sentiment sets in agreement.
-Jul 20: SP500 = 1325.84. No new signals. Sentiment data shifts to sell (will need primary data set sell to be a viable signal). Manage / protect longs appropriately.
-Jul 19: SP500 = 1326.73. No new signals. Data neutral. Looks like the train has pulled out right on time.
-Jul 18: SP500 = 1305.44. Opportunity to buy weakness today. No new signals.

---

-Jul 15: SP500 = 1316.14. Data continues to confirm buy signals.
-Jul 14: SP500 = 1308.87. NYSE buy signal. Buy weakness. Confirmed on 8 day SPY parameter plus several 7 day sentiment parameters.

-May 31: SP500 = 1345.20. After recently getting a series of buy indications into weakness, the primary data sets, while not climactic, do indicate to sell strength. Sell mode. Again, this may be one of a series of sell indications, but the mode has changed. Caveat: under some circumstances the first signal is an indication of strength, and subsequent signals confirm the sell mode, but no signal should be ignored.
-May 30: Memorial Day Holiday
-May 27: SP500 = 1331.10. No signals. Neutral data.
-May 26: SP500 = 1325.69. No signals. Neutral data.
-May 25: SP500 = 1320.47. No signals.
-May 24: SP500 = 1316.28. No signals. Mixed data.
-May 23: SP500 = 1317.37. No signals. Some sentiment data sets tipping toward oversold but conditions are not near climactic, which will be required before a new signal is generated.

---

-May 20: SP500 = 1333.27. NYSE gives buy signal. Another in a string of them. Buy weakness. BUT be forewarned that while a signal is a signal, this one is not confirmed by any of the other 11 data sets as well as being generated with the help of option expiration today. I also prefer to see at least 4 confirmations in a two day period. Meanwhile, the market continues to have that ugly look regarding internals, participation, and leadership (or lack of it). Elect NOT to give it the nod, i.e. NO signal. The market will make up it's mind in due course and will likely surprise in the process.
-May 19: SP500 = 1343.60. No new signals. Data sets without directional bias.
-May 18: SP500 = 1340.68. No new signals. Nice quiet rally day.
-May 17: SP500 = 1328.98. No new signals. Some of sentiment data leaning too negative which might prompt a rally attempt.
-May 16: SP500 = 1329.47. No new signals. Awaiting new signal.

---

-May 13: SP500 = 1337.77. No signals. Data sets neutral. Awaiting next signal.
-May 12: SP500 = 1348.65. No signals. Fairly neutral data sets.
-May 11: SP500 = 1342.08. No signals. Mixed data. 7-day Nasdaq parameter triggered at top of congestion (neutral or possibly a bit of unsupported "sell" connotation?).
-May 10: SP500 = 1357.16. No signals. Sentiment data tipping mildly to sell signal. No primary indications.
-May 9: SP500 = 1346.29. No signals. Mixed data.

---

-May 6: SP500 = 1340.20. No  signals. Data supportive of further rally attempt.
-May 5: SP500 = 1335.10. Broad confirmations of buy signal. Again, may be early. Buy weakness and protect positions appropriately.
-May 4: SP500 = 1347.32. NYSE again generated a signal but was confirmed by the SPY and enough sentiment data sets to confirm a buy signal after three down days. Signal is not emphatic, mimicking two lukewarm sell signals of the last two weeks. It may or may not be early, but we'll call this a cautious buy signal nonetheless. Buy weakness.
-May 3: SP500 = 1356.62. NYSE generated a meaningless signal in the middle of congestion. Remainder of data mixed.
-May 2: SP500 = 1361.22. No signals. Neutral / mixed data sets.

---

-Apr 29: SP500 = 1363.61. Since the buy signals of Apr 18, there have been no primary data set signals of significance. The Nasdaq is once again signaling sell, but without confirmation. For the record it's a sell signal without confirmation. Until confirmation is broader and includes more primary (volume data set) confirmation, odds still tip towards higher index prices.  Play it close to the belt and be aware that the data sets continue to be mixed.
-Apr 28: SP500 = 1360.48. No signals. Sentiment tipping toward reinforcing any sell signal that appears.
-Apr 27: SP500 = 1355.66. No signals. As data continues mixed, await new signals.
-Apr 26: SP500 = 1347.24. No signals, no extreme data sets.
-Apr 25: SP500 = 1335.25. No new signals, though sentiment data is indicating rally is stretched a bit.

---

-Apr 22: ----Good Friday Holiday----
-Apr 21: SP500 = 1337.38. No new signals. Continue in sell mode.
-Apr 20: SP500 = 1330.36. Nasdaq generated a sell signal with some confirmation from other data sets. Return to the sell mode. Sell strength with appropriate protection.
-Apr 19: SP500 = 1312.62. No new signals. Neutral data.
-Apr 18: SP500 = 1305.14. SPY and Q's both giving buy signals (not emphatic and not confirmed, but buy signals nonetheless). Of concern is that sentiment data sets are more neutral and market volume has not expanded, i.e. not climactic. The buy-the-dip crowd brought the market decline back quite a bit from the lows. Protect sales, and selectively buy longs, but only into weakness.

---

-Apr 15: SP500 = 1319.68. No signals (weak unconfirmed buy signal in Q's) but did get a decent up day.
-Apr 14: SP500 = 1314.52. No signals. Sentiment data continues to be a mixed bag with a decent uptick still possible.
-Apr 13: SP500 = 1314.41. No signals. Sentiment data supports possible uptick on Thursday.
-Apr 12: SP500 = 1314.16. No signals. Data continues mixed. Protect and trade any short positions appropriately.
-Apr 11: SP500 = 1324.46. No signals. Mixed data sets.

---

-Apr 8: SP500 = 1328.17. No signals. Neutral data.
-Apr 7: SP500 = 1333.51. SPY generated a signal that should be interpreted as confirming previous sell (churn at top of recent trading range).
-Apr 6: SP500 = 1335.54. No signals. Quiet. Sentiment data still tipping toward sell (mildly supportive of recent sell signal). Interestingly the Nasdaq (NDX) signal to sell, thus far, was best applied to the NDX as it has given some ground since the end of last week.
-Apr 5: SP500 = 1332.63. No new signals. Protect all positions. Nothing but churning here will little opportunity to sell index strength.
-Apr 4: SP500 = 1332.87. No signals. Mixed data sets. If you found suitable strength to sell, protect sales appropriately.

---

-Apr 1: SP500 = 1332.41. Nasdaq data set has generated a sell signal.  Sentiment mildly (not wildly) confirming. May not be "the" top, but likely tradable. Sell strength with appropriate protection.
-Mar 31: SP500 = 1325.83. No signals. Of perhaps major significance is the fact that our primary parameter did give a 7 day sell signal both today and yesterday. However, it is not being confirmed elsewhere in the data sets. Adjust protective stops appropriately.
-Mar 30: SP500 = 1328.26. No signals.
-Mar 29: SP500 = 1319.44. No signals.
-Mar 28: SP500 = 1310.19. No signals.

---

-Mar 25: SP500 = 1313.80. No signals. Mixed sentiment data sets.
-Mar 24: SP500 = 1309.66. No signals. As long as it stays quiet, advance is healthy. Volume will mark the turning point.
-Mar 23: SP500 = 1297.54. No signals. Sentiment data still on balance negative toward stocks. Protect longs.
-Mar 22: SP500 = 1293.77. No signals. All data is neutral. Protect longs appropriately.
-Mar 21: SP500 = 1298.38. No signals. Sentiment data sets indicate pullback is probably immanent.

---

-Mar 18: SP500 = 1279.20. Usual signal on option expiration for NYSE data set. No confirmation elsewhere. Assume buy mode remains intact. Protect positions bought into weakness.
-Mar 17: SP500 = 1273.72. No signals. Neutral data sets. Respectable bounce.
-Mar 16: SP500 = 1256.88. Buy signal. Buy dips with appropriate protection. All primary data sets calling for a tradable buy.
-Mar 15: SP500 = 1281.87. Buy signal. Not totally climactic, but a buy nonetheless. Buy weakness, protect appropriately.
-Mar 14: SP500 = 1296.39. No new signals. Neutral data.

---

-Mar 11: SP500 = 1304.28. Nice weakness to buy. No new signals.
-Mar 10: SP500 = 1295.11. Two of four primary data sets gave buy signals. Extremes in sentiment confirm buy. Buy weakness as a new trade with appropriate protection.
-Mar 9: SP500 = 1320.02. No signals. Neutral data. Market remains in tight congestion.
-Mar 8: SP500 = 1321.82. No signals. Neutral data. Take it one day at a time.
-Mar 7: SP500 = 1310.13. No signals. Waiting for next signal. Market looking to resolve congestion (see yesterday's addendum).

---

-Mar 4: SP500 = 1321.15. No signals... can not get one while market is in congestion. (Late data update indicated SPY signal...this represents more of a distribution confirmaton, sell biased, but while in congestion, such signals are not generally climactic turning points by definition).
-Mar 3: SP500 = 1330.97. No signals. Neutral data.
-Mar 2: SP500 = 1308.44. No signals. Neutral data.
-Mar 1: SP500 = 1306.33. No signals. Could go either way here.
-Feb 28: SP500 = 1327.22.  No signals. Pullback due, but data is very neutral (which after a buy signal continues to be positive). Still time for further upside probes. Protect longs.

---

-Feb 25: SP500 = 1319.88. Neutral data. No signals. Sentiment tipped slightly negative today. Protect longs.
-Feb 24: SP500 = 1306.10. SPY confirming buy. Protect any accumulated longs with appropriate stops.
-Feb 23: SP500 = 1307.40. Across the board confirmation of buy signal. Buy weakness is confirmed. Protect appropriately.
-Feb 22: SP500 = 1315.44. Are we again set up for a reversal or initiation of down leg? Extreme numbers can sometimes be indicative of the initiation of a move as well as the end of one.  All primary data sets signaled to BUY WEAKNESS, as did 3 of 5 sentiment data sets. Current data is not at all unlike buy signals in mid-Jan and end of January which worked very nicely. Buy weakness with appropriate protection (keeping above caveat in mind). Other entries may follow.
-Feb 21: President's Day Holiday.

---

-Feb 18: SP500 = 1343.01. Key primary (NYSE) data set sell signal, although option expiration assisted (which can be ignored). No other volume confirmation. The Smart Money OEX P/C indicated strong 2.78:1 selling on Friday. Short term sentiment data sets not extreme but mixed to positive. Sell with caution and appropriate stops on Tuesday. Risk levels are becoming seriously elevated.
-Feb 17: SP500 = 1340.43. No signals.
-Feb 16: SP500 = 1336.32. No signals.
-Feb 15: SP500 = 1328.01. No signals.
-Feb 14: SP500 = 1332.32. No signals.

---

-Feb 11: SP500 = 1329.15. No signals.
-Feb 10: SP500 = 1321.87. Nasdaq is giving signal, but without any support or confirmation from other data sets. Take it as a no signal but bring stops in tight.
-Feb 9: SP500 = 1320.88. No signals.
-Feb 8: SP500 = 1324.57. No signals.
-Feb 7: SP500 = 1319.05. No signals. 

---

-Feb 4: SP500 = 1310.87. No signals. Short term sentiment sets say we are likely to find a downtick soon. Technicals mixed.
-Feb 3: SP500 = 1307.10. No signals. Data neutral. Upside bias might still be forthcoming.
-Feb 2: SP500 = 1304.03. No signals.
-Feb 1: SP500 = 1307.59. No signals.
-Jan 31: SP500 = 1286.12. No signals.

---

-Jan 28: SP500 = 1276.34. Buy signal. A repeat of last Thursday's input: "Buy included 4 primary and 2 sentiment data sets."  Reminder that volume still essentially at a top even though a significant down day.
-Jan 27: SP500 = 1299.54. No signals.
-Jan 26: SP500 = 1296.63. No signals.
-Jan 25: SP500 = 1291.18. No signals.
-Jan 24: SP500 = 1290.84. No signals.

---

-Jan 21: SP500 = 1283.35. Short term sold out. NYSE signal but not at extreme of any range (undefinable as either buy or sell). Could go either way Monday. We are now getting more volume and more chop. It would appear that the tone and action has changed late this week. Take it a day at a time. Still slightly biased toward the sell of Jan 18.
-Jan 20: SP500 = 1280.26. Buy signal, though only after a very short duration decline. Buy included 4 primary and 2 sentiment data sets.  Reminder that volume still essentially at a top.
-Jan 19: SP500 = 1281.92. No chance to sell strength. Sets mixed. Nasdaq triggering signal (a sell?) off of high day with low close, but sentiment calling for rebound on ISE and TRIN.
-Jan 18: SP500 = 1295.02. NYSE sell signal. Sell strength. Sentiment sets mixed.
-Jan 17: MLK Holiday

---

-Jan 14: SP500 = 1293.24. No signals. Sentiment data getting stretched. While it is not a good turning point indicator, it is excellent to confirm more precise data turning point indications when they surface.
-Jan 13: SP500 = 1283.76, No signals.
-Jan 12: SP500 = 1285.96. No signals. Awaiting new signal.
-Jan 11: SP500 = 1274.48. No signals. Not much change. Marginal new SP500 high.
-Jan 10: SP500 = 1269.75. No signals. Neutral data.

---

Jan 7: SP500 = 1271.50.  SPY data set confirms a sell? Or a possible mini-oversold condition. Assume still in sell mode.
-Jan 6: SP500 = 1273.85.  NYSE & Nasdaq (primary data sets) confirming yet another sell signal. Sentiment data sets neutral.
-Jan 5: SP500 = 1276.56.  Nasdaq confirming sell signal. Sell strength, with appropriate protection.
-Jan 4: SP500 = 1270.20.  No opportunity to sell strength yet, though NYSE and Nasdaq are confriming sell mode.
-Jan 3, 2010: SP500 = 1271.89.  NYSE,Nas,SPY,Q's, ISE = Sell signal. (VIX weird).

---

-Dec 31: SP500 = 1257.64. The Q's have generated a buy signal and some of the sentiment sets are confirming. Buy weakness.
-Dec 30: SP500 = 1257.88. No signals. Another soft day would not surprise me.
-Dec 29: SP500 = 1259.78. No signals. I'd lean toward a down day on Thursday.
-Dec 28: SP500 = 1258.51. No signals. Rare two successive days of zero indications from any of my 10 (current) data sets that are instrumental in calling primary and supporting signals. Tis the season to be DULL?
-Dec 27: SP500 = 1257.54. No signals. Electing to not participate. Quiet markets. Mixed data.

---

        BELOW THIS POINT, ALL SIGNALS IN RED       

-Dec 24: MARKETS CLOSED FOR CHRISTMAS HOLIDAY.
-Dec 23: SP500 = 1256.77. No signals. Market could easily change from this quiet, stealthy upward momentum and turn on a dime. Caution advised.
-Dec 22: SP500 = 1258.84. No signals.
-Dec 21: SP500 = 1254.60. No signals. None likely if quiet holiday period continues.
-Dec 20: SP500 = 1247.08. No signals. Sell mode still in effect.

---

-Dec 17: SP500 = 1243.91. NYSE and Nasdaq (with the aid of option expiration) have generated sell signals (sell strength). Data sets not unlike the sell signal of Nov 4 which did see a subsequent 40-50 pt correction in the SP500.
-Dec 16: SP500 = 1242.87. Once again, no primary indicator signals as seasonal influences keep markets quiet. Still waiting for primary and  confirming data sets to generate an action event.
-Dec 15: SP500 = 1235.23. Again, just a single full term (9 day) sell signal in the Q's (somewhat subject to interpretation). Data sets mixed to inconclusive. Could go either way here for the moment. Elements of a stealthy top-look which is not uncommon. Protect any positions appropriately as usual. Hoping for some definitive signals in spite of the holiday quietness.
-Dec 14: SP500 = 1241.59. Weak, just a single 8 day sell signal in the Q's. Nothing is confirming that. Data sets mixed.
-Dec 13: SP500 = 1240.46. No signals.

---

-Dec 10: SP500 = 1240.40. No signals. Extreme bullish sentiment data sets mentioned below persist.
-Dec 9: SP500 = 1233.00. No signals. Yesterday's comments continue to be to the point (slightly edited).
-Dec 8: SP500 = 1228.28. No signals. Sell mode remains in effect though it is lacking upside climactic action and a spike in sentiment. Most sentiment indictors are suggesting sell territory. May or may not get simultaneous daily extremes before a pullback. Protect any sales appropriately.
-Dec 7: SP500 = 1223.75. Sell signal from primary indicator. Marginally supported by sentiment data. Move back to sell mode and look for opportunities to sell strength.
-Dec 6: SP500 = 1223.12. No signals. Position for further upside while protecting longs, though some easiness would be normal.

---

-Dec 3: SP500 = 1224.71. No signals as data continues to suggest that this rally is potentially very powerful yet. It goes without saying that one should always protect positions nonetheless.
-Dec 2: SP500 = 1221.53. No signals. Repeat of yesterday in that data sets not indicating sell posture and remain relatively positive.
-Dec 1: SP500 = 1206.07. No signals. Just the way I like it. Confirms probability of higher prices. Sentiment usually flops 180 as usual on a sharp rally, but it means little without primary indicators giving a signal.
-Nov 30: SP500 = 1180.55. Buy signals (both primary and secondary data sets). Buy weakness with appropriate protection.
-Nov 29: SP500 = 1187.76. No signals. Subtle buy in that Q's recorded 7 day buy signal and some sentiment data triggering buy support. Tuesday likely to be higher.

---

---

-Nov 26: SP500 = 1189.40. No signals.
-Nov 25: Thanksgiving Holiday
-Nov 24: SP500 = 1198.35. No signals. Erratic sentiment data shifted abruptly to suggest selling this uptick.
-Nov 23: SP500 = 1180.73. No signals. Have not had a primary indicator signal since the sell signal on Nov 4.   Thanksgiving Holiday
-Nov 22: SP500 = 1197.84. No signals. Sentiment data sets leaning toward supporting selling this market. Protect any longs appropriately.

---

-Nov 19: SP500 = 1199.73. No signals.
-Nov 18: SP500 = 1196.69. No signals. All data sets short term neutral.
-Nov 17: SP500 = 1178.59. No signals. Wait for new signal. GM IPO may affect data tomorrow.
-Nov 16: SP500 = 1178.34. Having stepped aside of buying, there is a new SPY buy signal again being confirmed by the sentiment data sets. Note, however, that the original NYSE data set has not given a signal as it had in the sell signal of Nov 4. It remains in the sell mode. Further weakness, either quickly, or over time may be required to trigger a primary NYSE signal.
-Nov 15: SP500 = 1197.75. No signals. My reaction is that downside propabilities are elevating.

---

-Nov 12: SP500 = 1199.21. SPY giving buy signal. Buy weakness using appropriate protection. Confirmed by vast majority of sentiment data.
-Nov 11: SP500 = 1213.54. Nasdaq spiked in volume. As a solitary data set signal, any buy will need confirmation. Await next signal.
-Nov 10: SP500 = 1218.71. No signals.
-Nov 9: SP500 = 1213.40. No new signals. Protect sales and await new signals.
-Nov 8: SP500 = 1223.25. No new signals.

---

-Nov 5: SP500 = 1225.85. No additional signals. Sell mode persists. Sentiment data sets confirming stretched position of market. Sell mode continues.

-Nov 4: SP500 = 1221.06. Sell signals confirmed. Sell strength, protect / trade in and out of the short indexes.
-Nov 3: SP500 = 1197.96. Three of four primary data sets giving sell signal. Sell strength.
-Nov 2: SP500 = 1193.57. No signals. About 18 pts upside since the buy signal. Protect as usual.
-Nov 1: SP500 = 1184.38. No signals.

---

-Oct 29: SP500 = 1183.26. No signals. Continued mixed sentiment data and quiet market.
-Oct 28: SP500 = 1183.78. No signals with few hints of next signal.
-Oct 27: SP500 = 1182.45. No signals.
-Oct 26: SP500 = 1185.64. No signals.
-Oct 25: SP500 = 1185.62. No signals.

---

-Oct 22: SP500 = 1183.08. No primary signals. 2 of 5 sentiment data sets are indicating a short term sell (sentiment is regarded as supportive/non-supportive to primary signals of which there are none).
-Oct 21: SP500 = 1180.26. No new signals.
-Oct 20: SP500 = 1178.17. No new signals.
-Oct 19: SP500 = 1165.90 Five of nine data sets including two volume data sets are indicating a buy, i.e. actionable. It could be the begining of  a move or another buy the dip opportunity. Go with the signal and buy weakness. If I must say so, the short, intermediate, and long term trends can all be categorized as "dubious".
-Oct 18: SP500 = 1184.71. No new signals. Monday's are invariably non-action events with their low volume and general lack of direction. Nothing new as a consequence.

---

-Oct 15: SP500 = 1176.19. New sell signals in NYSE, SPY, and Q's data sets which are slightly influenced by option expiration. Sell strength, limit risk. Sentinment data sets only modestly supportive of the sell signal.
-Oct 14: SP500 = 1173.81. No signals. Mixed data without climactic characteristics.
-Oct 13: SP500 = 1178.10. No signals. Volume sets close to generating a sell. Sentiment staying on- balance neutral.
-Oct 12: SP500 = 1169.77. No signals. Data mixed. Looking like we ought to just have patience as we wait for next definitive signal.
-Oct 11: SP500 = 1165.32. No signals. VIX is saying sell. No change from previous sell mode. May or may not get another signal. Could decline without additional Ultimate sell signal.

---

-Oct 8: SP500 = 1165.15. No signals. Sentiment data leans one way, and then the other, but nothing of significance has been recorded. Market likely to remain firm.
-Oct 7: SP500 = 1158.06. No signals. I am actually viewing the data (sentiment, other) as turning a bit positive. Awaiting next signal.
-Oct 6: SP500 = 1159.97. No signals. Neutral sentiment data.
-Oct 5: SP500 = 1160.75. Protection pays... Data mixed. No new signals. Await new signal.
-Oct 4: SP500 = 1137.03. No signals. Normal response thus far to sells above 1140. As always, protect all positions.

---

-Oct 1: SP500 = 1146.24. No signals. Data neutral.
-Sep 30: SP500 = 1141.20. SPY and Q's confirming sell mode, will exchange data is also indicting sell on using 7 day parameters. Market remains in sell mode. Preponderance of sell signals could be precursor of a more meaningful deline being in the cards (house of cards? of just bull phase pullback off of a reverse head and shoulders bottom?)
-Sep 29: SP500 = 1144.73. No signals. Awaiting resolution of current congestion.
-Sep 28: SP500 = 1147.70. Q's and SDS both confirming sell. Sell strength in spite of otherwise mixed data.
-Sep 27: SP500 = 1142.16. No signals.

---

-Sep 24: SP500 = 1148.67. No signals. All data sets neutral. Awaiting the next signal for a trading opportunity (perhaps another sell?).
-Sep 23: SP500 = 1124.83. No new signals. Data sets remain quite neutral. Response to sell signals apparently underway (nice pullback). Protect sales.
-Sep 22: SP500 = 1134.28. No signals. Data sets neutral.
-Sep 21: SP500 = 1139.78. SPY confirms sell signal. Sentiment data neutral.
-Sep 20: SP500 = 1142.71. No new signals. Some sentiment and ETF data giving sell indications. Not overwhelmingly so as yet. Protect any sales.

---

-Sep 17: SP500 = 1125.59. NYSE + Nasdaq indicating sell signal (primarily influenced by option expiration). Sell strength with appropriate protection.
-Sep 16: SP500 = 1124.66. No signals. Protect any positions appropriately.
-Sep 15: SP500 = 1125.07. Not one iota of any indication from any data set. Probably bodes for higher prices. Keep moving up protection.
-Sep 14: SP500 = 1121.10. The Q's were the lone indication of a sell signal. Unsupported by sentiment or other primary indicator data. Thus, while a sell signal, it may be a dubious one until seriously confirmed. Tighten stops and at minumum observe carefully here. Option expiration action this week may give additional signals.
-Sep 13: SP500 = 1121.90. No signals. No changes in comments as market constructively but quietly works higher.

---

-Sep 10: SP500 = 1109.55. No signals. Constructive internals. Data sets neutral. Market quiet.
-Sep 9: SP500 = 1104.18. No signals. So ultra-quiet that it's eerie.
-Sep 8: SP500 = 1098.87. No signals. Neutral data sets.
-Sep 7: SP500 = 1091.84. No signals. On balance data remains neutral.
-Sep 6: = Labor Day Holiday

---

-Sep 3: SP500 = 1104.51. No signals. Date sets neutral. Protect longs.
-Sep 2: SP500 = 1090.10. No signals. Quiet volume with neutral data sets.  Buy signals of past few days have been on the money thus far.
-Sep 1: SP500 = 1080.29. No signals. One of those situations where stop entry would have been superior (as reversal system) to seeking to buy weakness.
-Aug 31: SP500 = 1049.33. Primary indicator (NYSE) data giving buy signal. Again, without much confirmation, so it sort of a continuation of the same thing we have been seeing. Buy weakness, protect appropriately.
-Aug 30: SP500 = 1048.92. No signals. Without confirming climactic action, current soft phase is still searching for a point to launch a rally. Such action could occur at any time now. Patience may be required.  Protect all positions appropriately since alternatively any climax could be severe.

---

-Aug 27: SP500 = 1064.59.  A lot of QQQQ churning near this week's lows as it again confirms buy signal. Neutral data sets otherwise.
-Aug 26: SP500 = 1047.22. Q's confirm buy again, but negative sentiment has yet to leap into the picture...too neutral thus not confirming buy signals.
-Aug 25: SP500 = 1055.33. Q's confirmed buy signal. Dip looked like a good buy in many areas. Data mixed, which is normal in rally attempt. Protect accordingly.
-Aug 24: SP500 = 1051.87.  Not yous screamin'-demon buy signal but the NYSE/10 and Nasdaq/7 plus the SPY/10 gave buy trade signals with neutral to supporting sentiment data. Buy weakness, protect/trade accordingly.
-Aug 23: SP500 = 1067.36. No signals. Data continues neutral.

---

-Aug 20: SP500 = 1071.69. No signals. All data neutral. Waiting for new signal to trade.
-Aug 19: SP500 = 1075.63. No signals. Neutral data. New low close without buy confirmation has ominous overtones. We'll see what Friday brings and wait for a tradeable signal. Last week's buy was only marginally tradeable. Awaiting next trade signal.
-Aug 18: SP500 = 1094.16. No signals. Neutral data. Very quiet option expiration week... or any week no matter how you look at it, for that matter.
-Aug 17: SP500 = 1092.54. No signals. Data neutral / positive. Could get some sort of downtick next.
-Aug 16: SP500 = 1079.38.  No signals. Awaiting next signal. Last few quiet days could set up move either way with a signal eiher way. Protect positions accordingly.

---

-Aug 13: SP500 = 1079.25. No signals. Data modestly constructive. Overall a positive.
-Aug 12: SP500 = 1083.61. No new signals. Buy mode still in effect. Buy weakness, protect accordingly.
-Aug 11: SP500 = 1089.47.  I read those two volume anomalies correctly yesterday... as sell warnings. Now, here we go again. 3 of 5 sentiment data sets are confirming a buy signal with ALL 4 primary indicators doing so (some on 8, some on 10 day parameters....both good). BUY WEAKNESS.
-Aug 10: SP500 = 1121.06. It's time to talk. We have gone into a period not unlike the spring of 2010. Then, we were going into a top of significance. The key volume expansions kept appearing near what were high short term periods then, but they were unusually appearing on down days. This Ult Stk Mkt Indicator (USMI) has been very effective in calling EXHAUSTIONS in particular, but the same anomaly is repeating. What I viewed as a buy as of the close on Aug 6 is repeating as a mimic buy because once again, the volume is coming at a trading top but on down days.
-WHAT'S IT MEAN? It begs the question of whether this is really a sale or a buy.  Looking back at years of history, this is totally uncommon (or else I am getting too analytical - grin). I made the mistake of missing some key sales this spring, and am wondering if I am again doing so RIGHT NOW. (the subsequent buys since spring righted the picture immensely)
-BOTTOM LINE: We'll work our way through this a day at a time. The supporting volume indicators have given two signals in three days (a certain BUY on Aug 6, and a dubious SELL today). The sentiment overwhelming supported the buy interpretation of Aug 6. The sentiment is now mixed.
-MY FEELING: The sentiment needs to confirm a sale as it did on the Aug 6 buy. Since it has not done so with the sell of today, the picture indeed becomes mixed. My bias is to expect a bit of a higher move with a true exhaustion to evolve and be confirmed (it's not a given however). Until then, let me emphasize that this is a very dangerous time frame. Play it accordingly with appropriate protection. Also consider and give weight to the reversing method for the S&P (part 3 below).
I sincerely hope this input helps. I'll have more to say with extra detail as we go along, without over-analyzing or deviating from our KISS (Keep It Simple Stupid) principles of examining the market. If I had to guess, I would say that an upside spike is more in the cards but that does not guarantee anything. Offsetting this is that the failure to break lower right here increases the chance of a thrust higher.
-Aug 9: SP500 = 1127.79. Neutral data. No signals.

Chart below includes all the posted Ultimate Action Days for Jan 1 through Aug 12, 2010.

---

-Aug 6: SP500 = 1121.64. The SPY and 3 of 5 sentiment indicators signal to buy weakness. Do so with reasonable risk. It may be a tad early for definitive action either way. Not the last signal here. Things could change quickly, but the signal should not be ignored.
-Aug 5: SP500 = 1125.81. No signals. Neutral data. Unless something surprises, odds favor more of the same positive tone..
-Aug 4: SP500 = 1127.24. No signals. Neutral data. The market is in the process of at least temporarily humiliating the braggart bears of just a month ago. Play it a day at a time as usual.
-Aug 3: SP500 = 1120.46. No signals. Not much has changed and remains modestly constructive. Market modestly overbought.
-Aug 2: SP500 = 1125.86. No signals. Not much change in data sets. Stats still on balance constructive.

---

-Jul 30: SP500 = 1101.60. No signals. Data looking quite neutral. If you are going to fool most of the traders, upside bias should be in order, but as always do not count on it. Protect and trade accordingly.  
-Jul 29: SP500 = 1101.53. No signals. Neutral data. Stopped out of our long SDS (short ETF).
-Jul 28: SP500 = 1106.13. No signals. Neutral data. Protect any / all positions.
-Jul 27: SP500 = 1113.84. No signals. Mixed data. Take it a day at a time.
-Jul 26: SP500 = 1115.09. No signals. Usual quiet Monday volulme data. Sentiment leaning lightly to indicate sell, but underlying data constructive. A primary sell signal along with ebullient sentiment would confirm Friday sell signal.

---

-Jul 23: SP500 = 1102.66. Quiet data, BUT the Nasdaq is giving a sell signal. Not getting widespread confirmtion (but did get a buy from the SDS - <remember, it's an inverse ETF>, however IT IS a signal, and not just incidental). Elect to sell strength. (buying inverse ETFs).
-Jul 22: SP500 = 1093.67. No signals. Neutral data sets. Continuing to get a response to the buy signal indicated on last Friday close.
-Jul 21: SP500 = 1059.69. No signals. Neutral data sets. Back to area of recent buy signal. Protect longs if not already out. Could go either way here. Data slightly biased to the long side.
-Jul 20: SP500 = 1083.48. No signals. Decent rally thus far. Sentiment data mixed with 2 of 5 sets showing overbought (not unusually for initial stages of rallies). Protect/trade accordingly.
-Jul 19: SP500 = 1071.25. No signals. Neutral data on a typically quiet Monday. Protect any longs while waiting for either a rally to play out, or a decline into another signal materializes.

---

-Jul 16: SP500 = 1064.88. Buy Signal. 3 of 4 primary indicators and 4 of 5 sentiment indicators indicating to buy further weakness. Caveat is that sometimes an initialy drop/rally, can indicate the beginning of a move rather than a turning point.
-Jul 15: SP500 = 1096.48. Caution: Q's gave a sell signal (8 day parameter) without any confirmation. All other data sets neutral. Upside bias may still in the cards. Monitor closely with intent of selling strength. A/D data looked negative today. Take it a day at a time.
-Jul 14: SP500 = 1095.17. No signals. All data sets neutral.
-Jul 13: SP500 = 1095.34. No signals. Systems dramatically outpacing seat of the pants traders.
-Jul 12: SP500 = 1078.75. No signals. Neutral data sets. A/D stats look pretty poor. Yellow flag. Protect longs.-Jul 9: SP500 = 1077.96. No signals. It is likely that we will see higher prices.
-Jul 8: SP500 = 1070.25. No signals. Healthy rally. Protect longs.
-Jul 7: SP500 = 1060.27. The rally is the answer to the last buy signals. No new primary signals. Sentiment indicates we are stretched out short term. Protect positions while rally unfolds and we await the next signal.
-Jul 6: SP500 = 1028.06. No signals.

---

-Jul 2: SP500 = 1022.58. No signals. All data sets neutral. As always, protect positions appropriately.
-Jul 1: SP500 = 1027.37. SPY and Q's signaling buy once more. Remainer of data sets are mixed.
-Jun 30: SP500 = 1030.70. Sentiment sets turned neutral (less extreme) with no signals from primary indicators. Nice chance to buy weakness into the close. Protect positions. There remains a possibility of further short term weakness. Buys made into extreme weakness are generally much better buys than not.
-Jun 29: SP500 = 1041.24.  Once again the SPY and Q's are igniting a buy signal with confirmation by 3 of the 5 sentiment data sets. While the buy signal of the 24th merely arrested the decline for 3 days, it was certainly not "THE" signal for a sustainable trade.  While we are still not climactic on the downside, re-enter the market by buying weakness.
-Jun 28: SP500 = 1074.57. No signals. Data neutral. Technicals sloppy. As always, protect any positions appropriately.

---

-Jun 25: SP500 = 1076.71. NYSE and Nasdaq primary indicators have confirmed Thursday's buy signal. If weakness bought, Friday as recommended, protect longs appropriately and await next signal. So far, so good but nothing conclusive.
-Jun 24: SP500 = 1073.69. SPY and Q's giving buy signal. Buy weakness.  Pretty good confirmation from some sentiment data sets. May not be "THE" buy signal, but likely trade worthy nonetheless. Buy mode in effect.
-Jun 23: SP500 = 1092.04. No primary signals. Mixed sentiment data. Bounce possible.
-Jun 22: SP500 = 1095.31. No signals. In a belated look at the data this evening, I can't help but notice that I completely missed an Ultimate Sell Signal (basis NYSE data) on Friday that said to sell strength in the Monday market. Fortunately the Q data confirmed on Monday.
-Jun 21: SP500 = 1113.20. The Q's gave an 8 day parameter sell signal. Sentiment on balance supportive of the sell signal. Data much like a mirror image of the buy signal generated on June 8 at 1062.

---

-Jun 18: SP500 = 1117.51. No primary indicator signals. Sentiment data sets showing irregular individual rather than simultaneous  sell indications. On balance nothing to indicate a sell signal.
-Jun 17: SP500 = 1116.04. No signals. Data sets unrevealing.
-Jun 16: SP500 = 1114.61. No signals. Neutral data.
-Jun 15: SP500 = 1115.23. No signals. Sentiment indicators tipping toward sell signal but primary indicators without signals. Look for more upside bias.
-Jun 14: SP500 = 1089.63. No signals. Still in 'no man's land' technical congestion.

---

-Jun 11: SP500 = 1091.60. No signals (the 8 day parameter signal of June 8 may have been spot on the money). Data continues to be neutral. Continue to play it close to the belt so to speak.
-Jun 10: SP500 = 1086.84. No signals.
-Jun 9: SP500 = 1055.69. No signals. Data remains neutral. Could get capitulation/climax soon.
-Jun 8: SP500 = 1062.00.  A bounce or minor turn is possible here.  3 of 4 primary indicators using 8 day parameters signaled buy (I prefer 10 day data signals).  Sentiment  data sets were mixed, adding a reason to hesitate. I'll choose to pass on this signal (it's always a trader's option to do so if it does not confirm his/her other indicators).
-Jun 7: SP500 = 1050.47. No signals.

---

-Jun 4: SP500 = 1064.88. No signals. Neutral data. Awaiting next tradable entry.
-Jun 3: SP500 = 1102.83. No signals. Neutral data.
-Jun 2: SP500 = 1098.38. No signals.
-Jun 1: SP500 = 1070.71, No signals. Calm before the storm?
-May 31: Memorial Day Holiday

---

-May 28: SP500 = 1089.41. No signals. Neutral data. I can not rule out another low. More rally would be normal here, but be prepared for the unexpected.
-May 27: SP500 = 1103.06. No signals. Buy mode was answered in spades. Sentiment numbers turned around dramatically, supporting a possible pullback (much too bullish). Primary data sets unlikely to call for any changes from buy mode until next week at the earliest.
-May 26: SP500 = 1067.95. No signals. Rally due, nonetheless keep stops in place.
-May 25: SP500 = 1074.03. No signals. The mini-dips are recovering, but on balance the action does not look constructive. While the buy mode remains in effect, I'd definitely be conservative in taking and protecting positions.
-May 24: SP500 = 1073.65. No signals. All data sets (except one which suggested a sale) settled into neutral zones. Protect any / all longs. 

---

-May 21: SP500 = 1087.69. Buy mode confirmed on 10 day data. I'll have to say that the overwhelming data using the 7 day parameter did have significant meaning yesterday. Buy mode prevails. (buy weakness). A quick lift this week would negate it (remember that it's a traders signal - a buy followed by a rally defines a trading turn) . Alternatively further downside might again confirm 10 day data. Cautiously optimistic but taking it a day at a time.
-May 20: SP500 = 1071.50. Based on the 7-day parameter, ALL data sets are screaming buy weakness. My more normalized 10-day data failed to create a single buy in the 4 primary data sets. It would take a rather panicky day on Friday to top the Thursday data, but it would nonetheless move us back to the buy mode IF it were to occur.
-May 19: SP500 = 1115.05. Mixed data sets. Could get bounce but no clear cut indications to buy. Continue to wait for next trading turn opportunity.
-May 18: SP500 = 1120.80. No signals.
-May 17: SP500 = 1136.94. No signals, though something could evolve by the end of the week.

---

-May 14: SP500 = 1135.68. No signals. Hoping you locked in profits after the bounce. The market may be racing to another buy signal. Too soon to get a definitive signal.
-May 13: SP500 = 1157.44. No signals. Four days now without indications from any data sets.
-May 12: SP500 = 1171.67. Volume continues to contract from last week's levels. Three consecutive days of relatively unremarkable data sets.
-May 11: SP500 = 1155.79. Once again, all data sets neutral.
-May 10: SP500 = 1159.73. All data sets neutral. It will likely take at least several days before another signal is forcoming. We should see considerable choppiness with probable upside bias, i.e. a relief rally. The numbers are such that there is a real possibility of a surprisingly strong rally. As always, protect positions appropriately and take it a day at a time.

---

-May 7: SP500 = 1110.88. SPY and Q's are confirming buy signal. Continue to buy weakness with measured risk.
-May 6: SP500 = 1128.15. There is no doubt we saw a stealth top develop via volume generated on down days being the revealing characteristic over the entire month of April. Tight stops, as always, are the best defense against being on the wrong side of parabolic market moves in either direction. That said, the overwhelming majority of data sets confirm to buy weakness. Difficult to do, and requiring some rather precise timing, but definitely signaled by the wholesale dumping that has occured over the short term. While today was not a reversal, it is certainly an exhaustion by most measures; one that hardly anyone could have imaged taking place just 3 days into a real break.  Probably "a" low, but not necessarily "the" low of downdraft.
-May 5: SP500 = 1165.87. Opportunity to buy weakness to be sure. Buy mode confirmed by 3 of 5 sentiment data sets. Protect any purchases appropriately.
-May 4: SP500 = 1173.60. Tops can develop in a variety of ways. I am asking myself whether the heavy down volume days over the last 3 weeks better defined a top (?) than exhaustion characteristics normally do. That is to  say that we may have seen a stealth top. Time will tell. In keeping with that, we have seen the data sets once again move to the buy side on two primary indicators (SPY, QQQQ) which are confirmed by 2 of 5 sentiment indicators. While this pattern continues to evolve as a selling pressure top it continues to generate buy signals on the sharp breaks. The opportunities to buy weakness on the breaks has been sparse however. While one can't be sure of the eventual depth or duration of these continuing selling bouts, it should best be approached from this juncture by buying sharp breaks in the indexes and protecting those positions appropriately. i.e. don't overstay and be quick to protect while waiting for confirmation, and/or a new signal in the broadest terms.
-May 3: SP500 = 1202.26. Strong from the opening. No extremes in data sets (all neutral). No signals.

---

-Apr 30: SP500 = 1186.65. Volatile back and forth action is not conducive to getting a good reading on the technicals. For example, 3 of 5 sentiment data sets again suggest buying weakness. The NYSE primary data set also confirms a buy signal. Buy weakness and protect positions appropriately.
-Apr 29: SP500 = 1206.78. Be aware that the Nadaq parameter did give a sell signal on Thursday (it showed up in late data). It was a solitary data  set signal in the list of nine. Tuesday's severe sentiment data was enough to kick the market higher for a second day. All other data sets neutral (Nasdaq exception). Near top of congestion. Trend remains higher. Protect any longs.
-Apr 28: SP500 = 1191.36. No signals, neutral data. Market snapped back from excess negative sentiment of yesterday. Since we have yet to get an exhaustion accompanied by a sell signal, there remains that distinct possibility. All in all, we are in a distinct "take it a day at a time" mode.
-Apr 27: SP500 = 1183.71. No signals. Close, but no cigar. Those buying dips became a bit edgier on this dip. Consequently did not generate the volume for primary signals, though 3 of the 5 sentiment data sets did end in buy territory. Makes me think that this downdraft will be more, possibly much more than a one day event.
-Apr 26: SP500 = 1212.05.  No signals.

---

-Apr 23: SP500 = 1217.28. No signals. Data sets have been in neutral zone all week.
-Apr 22: SP500 = 1208.67. No signals. No changes in comments or perspective.
-Apr 21: SP500 = 1205.94. No signals.
-Apr 20: SP500 = 1207.17.  No signals. Data sets silent. Stay biased to the long side.
-Apr 19: SP500 = 1197.52.  The strong buy elicited via Friday data, may have been genuine (I corrected the data set info in yesterday's post)). Protect any sales. Likewise, since we saw little strength to sell on Friday, it may require another sell signal that actually does reach more convincing climactic proportions. To put things into perspective, the buy signal data on Friday was much more convincing (stronger) than the sell data from the Thursday close. The data requires that traders maintain a bullish bias.

---

-Apr 16: SP500 = 1192.13.  This is a trader's indicator. The 7 of 9 (corrected from 5 of 9) of the data sets say to buy this break, one of which is the primary parameter. That said, it is not unusual for the initial drop / surge on the indicator when making a turn or coming out of a trend to show extreme contra-levels with more to follow. I am feeling we may be at such a point. This is a judgement call. Protection on sales is important here.  Monday, and the coming week in general will likely either confirm today's (Friday) action of put it in doubt.
-Apr 15: SP500 = 1211.67. Sell signal. Sell strength. Primary indicator reads sell. Confirmed, though minimally, by sentiment indicators. Sell strength, manage any sales appropriately.
-Apr 14: SP500 = 1210.65. A solitary sell signal in the ND volume. A valid sell signal would require a primary indicator signal, plus a preponderance of sentiment data sets saying sell. Neither case exhists at this time. Caution? Yes. Short the market? Not yet by any measures that have reliably worked in the past.
-Apr 13: SP500 = 1197.30. No signals. Every sell-off finds a mass of put buying. Lot's of top picking but no consequences. The shorter term sentiment indicators say that this rally can proceed unabated with so many so readily willing to jump to the short side so quickly. Take a dose of caution with the bull as usual.
-Apr 12: SP500 = 1196.48. No signals on primary indicators, but some sentiment indicators are supporting a sell. Caution is in order.

---

---

NOTE:  You can own this indicator  for only $85 delivered anywhere in the world. It will entitle you to free updates and the opportunity to inquire direct with your questions.... too good a deal to pass up.

*For signals, this service suggests positioning in leveraged index ETFs, long or short. The symbols for the long/short leveraged ETFs are: S&P500 = SSO / SDS, Nasdaq 100 = QLD / QID, Russell 2000 = UWM / TWM. More leveraged alternatives are to trade the Nasdaq 100 and S&P500 futures contracts.

---

**NOTE: When buying weakness/selling strength, use a defined method to do so. One I often use is to avg the day's high, low, close and subtract / add the range to determine the next day's buy / sell point. THIS IS JUST ONE METHOD. The possibilities are infinite. Plan your trades, THEN, trade your plan.
---It is also essential to have an exit strategy and is especially important in the event of adversity. Base your stop on near term volatility. Example: It can be useful to risk a maximum of the current averge true range of the instrument being traded.
---YOU MUST HAVE AN EXIT STRATEGY both for adversity and accepting profits.

---

***On occassion, an initial volume surge from within a congestion pattern, can mark the beginning of a move, as as opposed to being a valid climactic buy or sell signal that this indicator seeks out and emphasizes. The proper tactic would be to weight the merits of the current circumstances. This is further discussed in the published materials.

---

ULTIMATE TRADING SIGNALS (Sept 7, 2007 - into 2010):
-Mar 18: SP500 = 1165.83. SPY giving a sell signal here, though it's not decisive nor is it totally supportive by today's volume or sentiment data. If not a sell, then a yellow light to be sure. Trade accordingly.
-Feb 23: SP500 = 1094.60. Interesting day. Nasdaq/Q's and two sentiment data sets signaling buy. As always this first surge may be beginning of sell off rather than buy signal. You can buy weakness, but this is not a strong signal
-Feb 4: SP500 = 1063.11. S&P data sets all signaling a buy signal. Buy weakness.
-Jan 29: SP500 = 1073.87. NYSE and Nasdaq buy signals. Buy weakness.
-Jan 21: SP500 = 1116.48....the SPY, QQQQ, NYSE, Nasdaq all triggered buy signals with sentiment data sets confirming.
-Jan 8: SP500 = 1144.98. No new signals. Sentiment data is coming into line with the signals and confirming that we are seeing a key sell signal. Protect sales and take it a day at a time. Still inclined to sell strength with protection.
-Jan 7: SP500 = 1141.69. Another sell signal from the NYSE/SPY data.  Most of sentiment data is now confirming. Sell mode continues.
-Jan 6: SP500 = 1137.14.  Sell signal confirmed by QQQQ churning on new high day then reversal. There remains a question about the lack of sentiment data confirmation. Still inclined to sell strength.
-Jan 5: SP500 = 1136.52. Sell signal in NYSE and Nasdaq data. Not supported by all out confirmation in the sentiment data. It may be premature to sell strength. In comparison the sell signal of Dec 4, was broader on the major data sets, but less compelling than now on the sentiment data. The Dec 4 sell signal only resulted in a 9 day pullback / congestion that was again followed by a broadly confirmed buy signal on Dec 17. That said we'll take the signal, nonetheless, and sell strength (a signal, is a signal)
-Jan 4: SP500 = 1132.99. Be aware that sell signals were generated using 7 day parameters, but I prefer 10 day data. Looking for exit/short to materialize. It may be forthcoming soon. There might be some merit to selling strength tomorrow, Tuesday.
-Dec 17: SP500 = 1096.08. Sentiment data sets pushed into a buy configuration confirming SPY and Q's signaling a buy on the 7 day parameter, while the NYSE, with the aid of option expiration volume, reached buy signal proportions. This is not too far different than the sell data sets we saw generated on Dec 4, i.e. at or near one end of a congestion range. While congestion range signals should not be ignored, they should be observed with a modicum of respect of the fact that the first signal in a move can be just the beginning of a move. We'll go with the weight of the evidence and buy weakness...
-Dec 4: SP500 = 1105.99. All data set parameter signals elected (sentiment data neutral however). Sell strength.
-Nov 19: SP500 = 1094.90. Buy signal given by QQQQ. Buy weakness. (DIA and IWM also say buy but are not in my basic 4 key data sets). We never had much of any strength to sell as suggested by Monday data, but now Q's and 2 of the 5 sentiment data sets are confirming buy.
-Nov 16: SP500 = 1109.30. ... willing to sell any significant immediate strength. It's been more than 70 S&P points since our most recent buy signal.
-Oct 30: SP500 = 1036.19.  ...the SPY, QQQQ, and four out of five sentiment indicators are confirming the BUY MODE even more so than on Wednesday, so buy weakness, with protection, as the buy mode continues.  ...continue to buy weakness with stop protection.
-Oct 28: SP500 = 1042.63. QQQQ has repeated buy signal while NYSE and Nasdaq are signaling buy. BUY MODE confirmed. Buy weakness. 3 of 5 sentiment indicators also confirming. To date, the time and magnitude of pullback is same as last one. As always, protect positions appropriately.
-Oct 27: SP500 = 1063.41. SPY & QQQQ generating buy signals. Time for traders to switch to the BUY MODE and buy weakness. Position long on further weakness and protect appropriately.
-Oct 22: SP500 = 1092.91. SPY data again confirming SELL MODE. Sell strength, and protect sales appropriately. A continued tone of testing exreme parameter boundaries persists without resolution. Accumulation, distribution, or just a temporary tug of war? As always, take it a day at a time.
-Oct 21: SP500 = 1081.40. NYSE, Nasdaq, and SPY generated signals confirming previous sell mode, though it is not typical exhausion action. When any chart trades at new highs only to close under the 10 DMA on the same day, it's often a strong indication of a very real reversal. Prospects for lower markets have increased at least for the time being.
-Oct 15: SP500 = 1096.56. NYSE data confirmed another 7day sell signal. Not much has changed. Indicator in sell mode. Sell strength.
-Oct 14: SP500 = 1092.02. No signals, though NYSE data did register a 7 day sell signal, much like a NYSE 7 day signal generated a buy on Sep 30. Also, 4 of 5 of my sentiment data sets confirm a sale. One should definitely be tuned-in to selling strength soon, if not now.
-Oct 1: SP500 = 1029.85. SPY generated signal at 15 day closing low. Buy weakness. Sentiment data sets are concuring.
-Sep 23: SP500 = 1060.87.  QQQQ sell signal. Data confirms last Friday's sell signal.  Today's opportunity to sell strength was followed by a reversal. We'll take it one day at a time.
-Sep 18: SP500 = 1068.30 Options expiration is the underlying factor in today's sell signal in NYSE and Nasdaq data sets. The other volume based primary data sets (those that gave a sell signal yesterday have not confirmed today. I have been generally ignoring option expiration influenced signals. Market could continue to stay firm with the positive data we continue to observe. We in a cautious sell mode with some sentiment data sets flipping back and forth almost daily. Additional new sales into strength would be appropriate, but as always, not without stop protection.
-Sep 17: SP500 = 1065.49. Nice opportunity to sell strength early today. SPY & QQQQ confirming sell signal. Sell strength.
-Sep 16: SP500 = 1068.76. Sell strength. Sell signals basis NYSE, Nasdaq, SPY, and clusters of confirming sentiment data.
-Sep 1: SP500 = 998.04. The recent series of sell signals have been answered. 8 of my 9 data sets giving Buy Signals.
-Aug 28: SP500 = 1028.93. Nasdaq has generated a sell signal, sell strength.
-Aug 21: SP500 = 1026.13. Sell signals in NYSE and Nasdaq data sets ( 5 of 9 in two days again). Sell strength.
-Aug 17: SP500 = 979.73. Buy signal generated from the SPY data set. Buy weakness, but note that this could be early and may once again signal the beginning of a move downward as opposed to having climactic characteristics.

---

Some Comments from those who Purchased this Indicator:

Rather than me telling you how useful this tool is, here is recent email testimony from some of my customers who have incorporated this indicator into their trading:
"I'm loving this Ultimate (Stock Market) Indicator Stan !!! Thanks a lot !" Adrian M.

My subscriber Jerry C. says: "I trade the S&P and have several trading software systems that I have paid dearly for but I have more confidence in your system because I have watched it over the months and it works and is fairly priced. I also appreciate your "to the point" comments of only a few words but they speak volumes and I am very appreciative knowing where you stand on current and future market direction."

A buyer named Carl says: "This (vendor) is a stock market wiz."

A recent email note: "Stan, I wanted to follow up regarding the Ultimate Stock Market Volume Indicator I purchased ... I thought I would pass along the Motorola chart for your observation. I could not be more pleased implementing your routine ... I cannot help but keep coming back to you and thanking you for selling me the Ultimate Stock Market Indicator. It is the closest indicator to the Holy Grail I have found.... -- B. Thompson, IL."

Additional feedback from Steve in Indiana: "Here is an original thinker."

More recent feedback from buyer Mr Mckoan: "A great trading tool I will include in my investment arsenal."

Regarding my trading approach, the late Bruce Babcock, founder of "Commodity Traders Consumer Report" published: "Obviously this guy can trade." Now you can too!

The renowned Larry Williams wrote me a very complimentary personal note after examining this material.
-Aug 12: SP500 = 1005.81. QQQQ's giving sell signal, but keep in mind that we are at the top of a recent congestion. Not to be ignored, but taken with a grain of salt. We have been inundated with "qualified" sell signals in recent weeks, though none measure up to a climactic event. Sell strength with appropriate stop protection.
-Aug 5: SP500 = 1002.72. Sell signal basis NYSE data set. Sell strength. More like a churning than a running exhaustion day, but a sell nonetheless.
-Aug 3: SP500 = 1002.63. No signals. Sell mode signaled Friday remains in effect. Data fairly neutral.
-Jul 31: SP500 = 987.48. Sell signal basis NYSE data set. Sell strength.
-Jul 23: SP500 = 976.29. Sell signals in NYSE, SPY, Nasdaq data sets. Sell strength.
-Jul 15: SP500 = 932.68. Sell signal in QQQQ and the Nasdaq, along with a cluster of confirming short term sell data. Sell strength. There is a chance that this surge may be a lift-off to higher prices, so trade with an appropriate plan and protection and take it a day at a time.
-Jul 8: SP500 = 879.56. Buy confirmed in Q's. A cluster of oversold data is also supportive to buying weakness. NDX (Q's) traded lower and closed higher today as did the DIA. Since there may be more to the decline, it would be prudent to move stops up to protect any positions bought on today's lower prices.
-Jul 7: SP500 = 881.03. Buy signal in QQQQ. Enter buy mode, buy weakness. Market finally unwinding the spring rally. Now at levels lower than all previous May-June sell signals. Remember that this indicator is a TRADING tool, not a long term call on markets. Manage risk accordingly.
-Jun 26: SP500 = 918.90. Sell signal Nasdaq. Sell strength. Balance of data is mixed.
-Jun 25: SP500 = 920.26. SPY surge has given a sell signal, but it's right in the middle of current trading range, i.e. not likely signaling exhaustion that we look for as trade set-ups.
-Jun 19: SP500 = 921.23. NYSE & Nasdaq sell signals
-Jun 17: SP500 = 910.71. Buy signal in Q's, most major volume parameters, and data sets. Buy weakness. Some sort of rally attempt in progress, but may be just short term indication.
-Jun 11: SP500 = 944.89. Sell signals from Nasdaq and Q's. Sell strength.
-Jun 10: SP500 = 939.15. SPY and QQQQ appear to be confirming topping pattern / sell mode.
-Jun 1: SP500 = 942.87. Sell signal, from Nasdaq data. Sell strength. Protect any sales made on strength.
-May 29: SP500 = 919.14. Sell signals. Sell Strength. Data sets negative.
-May 6: SP500 = 919.53. Nasdaq and NYSE sell signals: sell strength. Addendum: Was good for 50 pt trade.
-Apr 23: SP500 = 851.92. QQQQ sell signal. Continued indications that sell mode is in effect.
-Apr 22: SP500 = 843.55. Another SPY signal near top of current range. Likely confirming sell mode. Market can still move either way short term.
-Apr 17: SP500 = 869.60. Sell signals basis NYSE, Nasdaq, but this is biased by elevated option expiration volume. It may well be a good opportunity to sell strength. To those who own the Indicator, the data did give an original 7 day parameter sell signal basis the SPY and QQQQ on Thursday Apr 16 to sell strength that materialized today. It's possible that a new SPY sell signal will still be forthcoming if the market continues climbing the current wall of worry. It is also possible that at least a short term top is in place. Caution advised.
-Apr 16: SP500 = 865.30. No version II signals (but a seven day parameter sell in QQQQ and SPY)
-Apr 2: SP500 = 834.38. SPY, QQQQ & Nasdaq sell signals. Sell strength. Of interest: While everyone seems to be turning bullish today, the entire crowd was bearish at this indicator's buy signals on March 5 and 6 (SP500= 682). Sell strength and take it one day at a time.
-Mar 18: SP500 = 794.35. Primary data set sell signals in Nasdaq and IWM (sell strength). Some secondary data sets signaling sell also. Neither SPY nor NYSE key data sets are registering a sell signal as yet.
-Mar 6: SP500 = 683.38. Another SPY buy signal. No major capitulation
-Mar 5: SP500 = 682.55. SPY buy signal. Other modest buy indications.
-Mar 3: SP500 = 696.33. No signals. Data sets neutral. Turning Point offered a buy entry, and the oversold 7 Day Exhaustion pattern confirms a buy entry for tomorrow.
-Mar 2: SP500 = 700.82. No new signals. Plenty of weakness to buy, but no panic. Buy mode continues in effect. Awaiting confirmations or additional signals. Be in tune to buy weakness where/when appropriate with measured risk. Many indexes have Turning Point  set ups (buy patterns). Data sets more positive today.
-Feb 27: SP500 = 735.09. Buy signal on primary data set. Not much confirmation across the data sets, but likely an interesting juncture to buy weakness. Prevailing mood is certainly negative enough to generate a rally of significance. As always, plan your trades appropriately. (read footnotes)
-Feb 20: SP500 = 769.50. Buy signal (buy weakness) on primary data set, BUT...Most data sets...not extreme. (less so, but still a dubious signal)
-Feb 10: SP500 = 827.16. Market showing significant exhaustion characteristics in many data sets. Read data as a questionable buy signal...(dubious signal)
-Jan 20: SP500 = 805.22. Primary data set buy signal. Buy weakness. If stopped out of positions bought into weakness on Jan 15 (quite likely), re-enter or add on further weakness.  
-Jan 14: SP500 = 842.62. The facts today are that the market has broken congestion to the downside, the primay indicators and three subsets are confirming a potential buy opportunity. Buy weakness while protecting any positions in the event of further adversity. As always, use a disciplined plan appropriate to your personal style.**
-Jan 6, 2009: SP500 = 934.70. Sell signals across the primary data sets. Sell strength (last signal was a buy confirmed by the close of Nov 20 at 752.44).
2009 ABOVE...2008 BELOW:
-Dec 8: SP500 = 909.70. No signals basis primary indicator(s). Using original shorter time period parameters (7 day) gives a sell signal as of today's close (but strength was not available to sell on Dec 9).
-Nov 20: SP500 = 752.44. Buy signals on key data sets. Enter buy mode. Buy weakness.**
-Nov 13: SP500 = 911.29. We'll revert back to the sell mode and sell strength.
-Nov 12: SP500 = 852.30. A couple of short term data set extremes lend a bit of credence to rally possibility
-Nov 3: SP500 = 966.30. No signals, though short term, market is looking more like a sale than a buy.
-Oct 30: SP500 = 954.09. No signals. Continued rotational action. Another minor short term sell indication
-Oct 24: SP500 = 876.77. No new signals. Mixed data with small clusters of buy data today -Oct 20: SP500 = 985.40. No new signals. Clusters of sell data today.
-Oct 10: SP500 = 899.22. Buy signals look pretty dynamic again as SPY put buyers are in abundance, and volume continues to be climactic. Buy weakness.**
-Oct 8: SP500 = 984.94. Buy signals prevail again. Buy weakness**
-Oct 6: SP500 = 1056.89. Buy signals confirmed across the spectrum. Buy weakness.
-Oct 3: SP500 = 1099.23. More recently I have been using SPY data to generate signals. Today a buy signal was generated. Buy weakness (plan your trade then trade your plan).
-Sep 19: SP500 = 1255.08. Mixed signals. Friday volume expansion is either a lift off or we have cause (signals) to become sellers again. Opt for the latter. Sell strength.
-Sep 17: SP500 = 1156.39. Most data sets are confirming a buy mode. Trade appropriately. Our tradeout/stop protection approaches pay dividends, i.e. they limit your exposure, protect profits and preserve your equity. Continue to buy weakness while limiting risk** (see footnotes below). Conditions are at extreme levels that usually are a precursor to significant rallies. The question remains, when?
-Sep 15: SP500 = 1192.70. Primary indicator, among others, signal buy. Buy mode returns (there were several buys in June/July with mixed -mostly sell- signals on the Aug/Sep rally)).  Buy weakness**, protect all positions appropriately.
-Sep 9: SP500 = 1224.51. Don't look now, but the vast majority of data has again flipped and indicates to buy weakness** (SPY and Nasdaq volume data in particular).
-Sep 8: SP500 = 1267.79. Mixed data, mixed markets. The "screaming buy" of Thursday data has been offset with a sell signal in the S&P. Market again congested. Not easy markets to read.
-Sep 4: SP500 = 1236.83. Congestion has obviously been resolved to the downside. Not surprisingly, volume and sentiment parameters all scream buy.
-Jul 17: SP500 = 1260.32. Sell signal generated by primary indicator. I am surprised, but will go with it. Sell strength (see footnotes).
-Jul 15: SP500 = 1214.91. Buy signals across the board. Buy weakness. Yes, things look ugly, but it's always best to plan your trades and then trade your plan. Always protect current and any  new positions.
-Jul 11: SP500 = 1239.49. Buy signals generated from SPY, QQQQ, my "VIX Trader" and the large expansion in SPY put volume.  Ironically the large selling or capitulation has not come to fruition and this market continues to hold high risk.  Some measured buy levels were reached today (see footnotes). Protect those positions while awaiting further indications.
-Jul 10: SP500 = 1253.39. SPY volume generated a buy signal. P/C ratios are suggesting that the opportunity is in the area of buying weakness as well. Lows are rarely this stealthy and this orderly. There could yet be some large selling, but data still suggest buying weakness in a defined gameplan (see footnotes above).
-Jul 1: SP500 = 1284.91. Buy signal generated by all index ETF's. The weakness that could have been bought earlier today was followed by a volume reversal. This likely calls for positive action going forward. As always, protect positions in the event follow through to upside does not come to fruition. In essence, S&P rallied off of previous support just above 1260.
-Jun 27: SP500 = 1278.38. Nasdaq and NYSE again generated buy signals. We'll return to buying only weakness with volatility stop protection.**
-Jun 20: SP500 = 1317.93. Nasdaq and NYSE generated buy signals, in part due to option expiration. Buy weakness. The IWM data shows the Russell 2000 has also generated a buy signal (it's now down over 5% from the sell indication on June 5). In the larger perspective, expect a probable oversold bounce, though not likely a bottom. As always, protect all positions appropriately. The current decline has been very orderly without a hint of panic, indicating we'll likely see lower (perhaps MUCH lower?) prices at some point in the current down cycle.
-Jun 19: SP500 = 1342.83. Sell signal in Nasdaq (has rallied about 60 points or more than 3% since June 12 NDX buy signal). Other data mixed and unresolved.
-Jun 12: SP500 = 1339.87. Buy signal in Nasdaq (NDX) indicates possibility of an imminent short term bounce.
-Jun 6: SP500 = 1360.68. Buy signal. Buy weakness.
-Jun 5: SP500 = 1404.05. No signals of significance. Russell 2000 indicating sell as speculative surge returns. As always, protect any / all positions appropriately.
-Jun 3: SP500 = 1377.65. SPY's gave a buy signal which was not confirmed elsewhere. Getting closer to a broader based signal. Time will tell.-May 23: SP500 = 1375.93. No signals. Comments from May 21 appear to be affirmed by subsequent action, i.e. sell mode remains in effect.
-May 23: SP500 = 1375.93. No signals. Comments from May 21 appear to be affirmed by subsequent action, i.e. Sell mode remains in effect.
-May 21: SP500 = 1390.71. Qualified buy signal. Buy weakness. NOTE: There are sometimes days that qualify as a signal, but are, in fact, a volume expansion that comes at the beginning of a move rather than being climactic in nature. That possibility exists basis today's data. Play it accordingly.
-May 16: SP500 = 1425.35. Sell signal on primary indicator. Sell strength.
-May 1: SP500 = 1409.34. Nasdaq indicating sell along with some other overbought indications in my database. It remains to be seen what type of a bottom (minor, intermediate, major) has been experienced over the past few weeks. Await primary parameter trading signal. Indicator bias today continues to indicate that one should sell strength.
-Apr 24: SP500 = 1388.82. Sell strength. Nasdaq, QQQQ, and SPY data indicating another sell signal.
-Apr 18: SP500 = 1390.33. Sell signals from general NYSE and Nasdaq volume parameters as well as P/C ratio. Elect to sell into strength.
-Mar 17: SP500 = 1276.60. Buy signal from primary indicator. Buy weakness in the indexes. Protect all positions appropriately.
-Mar 4: SP500 = 1326.75. Buy signal confirmed, buy weakness. Not capitulation, but set up for possible rally.
-Feb 29: SP500 = 1330.63. Not capitulation, but a Buy Signal. Buy weakness.
-Feb 26: SP500 = 1381.29. By the slimmest of margins, the primary indicator has generated a Sell Signal. Not broadly confirmed elsewhere, but for the record, we'll elect to Sell Strength.
-Jan 22: SP500 = 1310.50. Indicator remains in a buy mode  (note subsequent rally to 1396 into Feb 1)
-Jan 18: SP500 = 1325.19. Buy signal.
-Jan 17: SP500 = 1333.25. Buy signal, buy weakness.
-Jan 16: SP500 = 1373.20. Buy signal, buy weakness.
-Jan 8: SP500 = 1390.19. Buy weakness.
-Jan 4, 2008: SP500 = 1411.63.  Buy signal basis my original 7 day parameter for this indicator. The 10 day confirmation is not present, though other data sets are indicating a buy. Buy weakness / protect any purchases.
2008 ABOVE, 2007 BELOW:
-Dec 21: SP500 = 1484.46. Sell signal, sell strength
-Nov 8: SP500 = 1474.44. Buy signal. Buy weakness. Protection of all positions. It's essential to any trading plan.
-Oct 19: SP500 = 1500.63. Buy signal using the NYSE parameter. Buy weakness. (nice interim tradable rally ensued to above 1550)
-Oct 11: SP500 = 1554.41. Not an uptick, but volume expansion gave a sell signal. Sell strength.
-Sep 21: SP500 = 1525.75. Sell signal confirmed. Sell strength.
-Sep 19: SP500 = 1529.03. Had nice opportunity to sell strength. Another sell signal today, sell strength.
-Sep 18: SP500 = 1519.78. Sell signal, sell strength.
-Sep 7: SP500 = 1453.55.  Sharp down day.  Buy signal, buy weakness.

Some Comments from those who Purchased this Indicator:

Rather than me telling you how useful this tool is, here is recent email testimony from some of my customers who have incorporated this indicator into their trading:
"I'm loving this Ultimate (Stock Market) Indicator Stan !!! Thanks a lot !" Adrian M.

My subscriber Jerry C. says: "I trade the S&P and have several trading software systems that I have paid dearly for but I have more confidence in your system because I have watched it over the months and it works and is fairly priced. I also appreciate your "to the point" comments of only a few words but they speak volumes and I am very appreciative knowing where you stand on current and future market direction."

A buyer named Carl says: "This (vendor) is a stock market wiz."

A recent email note: "Stan, I wanted to follow up regarding the Ultimate Stock Market Volume Indicator I purchased ... I thought I would pass along the Motorola chart for your observation. I could not be more pleased implementing your routine ... I cannot help but keep coming back to you and thanking you for selling me the Ultimate Stock Market Indicator. It is the closest indicator to the Holy Grail I have found.... -- B. Thompson, IL."

Additional feedback from Steve in Indiana: "Here is an original thinker."

More recent feedback from buyer Mr Mckoan: "A great trading tool I will include in my investment arsenal."

Regarding my trading approach, the late Bruce Babcock, founder of "Commodity Traders Consumer Report" published: "Obviously this guy can trade." Now you can too!

The renowned Larry Williams wrote me a very complimentary personal note after examining this material.

Tradestation 4/ 2000i / Supercharts code available free with purchase, but the technique is so easy to use, that you will not need it.

You will find this to be the least expensive, easiest to use, and best single trading tool you have ever found. Everyone who buys it comes back for more!

---

2005 DATA BELOW:
-Mar 11 SPX 1200.09: No signals.
-Mar 10 SPX 1209.25: No signals.
-Mar 9 SPX 1207.01: No signals. Frustrating in that every time the market gets to a point where a sell signal seems immanent, it just gently pulls back down without generating a signal. Patience required. Unknown when or what kind of signal will be forthcoming.
-Mar 8 SPX 1219.43: No signals, though market appears to have backed off of a technical sell zone, it is giving no clues as to signaling a turning point or a blow off.
-Mar 7 SPX 1225.31: No signals. At this point it appears we are waiting for the right opportunity to sell strength.

---

-Mar 4 SPX 1222.12: No signals. The beat goes on until we "max out" on the greed/short covering combo. Volume will be the clue.
-Mar 3 SPX 1210.47: No signals as market churns in place.
-Mar 2 SPX 1210.08: No signals in the face of a volatile day.
-Mar 1 SPX 1210.41: No signals. The preferred signal would be to get a sell on strength, rather than weakness as yesterday. Wait another day to see what transpires. I am still being alert to being a potential seller.
-Feb 28 SPX 1203.60: Volume signal in NYSE and Nasdaq with option stat's confirming sell as a contrarian indicator. I like to see climax type action, but Monday seemed more like a volume reversal than anything else, i.e. an early rally failed badly. I am uncertain we have seen the highs thought the evidence keeps saying the sell side should be favored. I'd be looking to sell strength. One down day does not generate a buy signal.

---

-Feb 25 SPX 1211.37: No signals. The Fed 22 buy spawned a rally, but gave no weakness to take long positions. Awaiting next signal.
-Feb 24 SPX 1200.20: No signals. Market now clearly in the middle of a congestion (sideways pattern), which by definition, can not generate a signal.
-Feb 23 SPX 1190.80: No weakness to buy on the 23rd. No signals indicated. Back in congestion looking for another signal.
-Feb 22 SPX 1184.16: Primary indicator has given a buy signal along with some minor technical confirmations. Buy weakness. SPX has closed at lowest level in 14 trading days (the NDX in 16 days).
-Feb 21 Market Holiday

---

-Feb 18 SPX 1201.59: No signals.
-Feb 17 SPX 1200.75: No signals.
-Feb 16 SPX 1210.34: No signals. Due for a breather, but index systems still on the long side.
-Feb 15 SPX 1210.12: No signals, since Jan 20 buy signal. Be patient.
-Feb 14 SPX 1206.14: No signals...getting to sound like a broken record, but market continues to work higher and it appears to need more time.

---

-Feb 11 SPX 1205.30: No signals in primary market/indicator yet. Nasdaq signal from yesterday certainly followed through as a buy signal should. The NDX cash index trade up 36.86 from it's low tick today...a nice gain. An anomaly is that the volume once again expanded as the NDX moved nearly back to the high of the last 3 1/2 weeks. Sort of a mirror image sell from yesterday's buy. We'll continue to look for a primary market signal to hang our hat on.
-Feb 10 SPX 1197.01: No primary market signal. Nasdaq signaled but by a miniscule increment while at the bottom of a nine day range which would read more like a buy signal. Again market continues to confirm that buy signal (from Jan 20) was a good one and that more upside in the SPX would not be out of the question.
-Feb 9 SPX 1191.99: No signals in spite of selloff.
-Feb 8 SPX 1202.30: No signals.
-Feb 7 SPX 1201.72: No signals.

---

-Feb 4 SPX 1203.03: No signals.
-Feb 3 SPX 1189.89: No signals. Can't say how this is going to be resolved, but let's hope it's clear and resounding.
-Feb 2 SPX 1193.19: No signals.
-Feb 1 SPX 1189.41: No signals. That buy of Jan 20 may carry this market for a while yet. It's dynamic, speculative, but without a volume blowoff. Patience....we may end up slipping back to the sell side very soon.
-Jan 31 SPX 1181.27: No signals.

---

-Jan 28 SPX 1171.36: No signals.
-Jan 27 SPX 1174.85: No signals.
-Jan 26 SPX 1174.07: No signals. Tighten up stops on any longs.
-Jan 25 SPX 1168.41: No signals. Modest up move could be answer to weak buy signal given Jan 20. Await definitive signals.
-Jan 24 SPX 1163.75: No signals. Stay cautions. If you bought anything, don't become a buy and hold investor, protect positions.

---

-Jan 21 SPX 1167.87: Had modest weakness late, but no significant selling pressure. Protect any longs. No new signals. Refer to comments from the 20th.
-Jan 20 SPX 1175.41: Primary market buy signal. Could be early or one of a series. Not an extreme condition or signal. Buy weakness.
-Jan 19 SPX 1184.63: No signals. Looking lower.
-Jan 18 SPX 1195.98: No signals. Wait it out.
-Jan 17 ---Market Holiday

---

-Jan 14 SPX 1184.52: No signals. Pre-holiday trading usually precludes signals due to light volume.
-Jan 13 SPX 1177.45: No signals. The Dec 16 sell signal still looks good after the confirming high volume off the top starting the first of this year.
-Jan 12 SPX 1187.70: No signals.
-Jan 11 SPX 1182.99: No signals yet as market inches back down that proverbial wall of worry.
-Jan 10 SPX 1190.25: No signals. Waiting for next signal.

---

-Jan 7 SPX 1186.19: No signals.
-Jan 6 SPX 1187.89: No signals. Hard to tell if a possible rally will have legs here, but the sentiment indictors are still too optimistic to convince me that we'll make much upside progress on a rally.
-Jan 5 SPX 1183.74: No signals today. I would opt to let this volume bulge to the downside play into the NEXT signal. For reasons that the decline started down days with volume from a high level, it acts like the start of a move, not the end of one.  Bias is downside, volatility likely to pick up furher.We really need an exhaustion of downside pressure to call a turn. This is likely the start of an intermediate move. It may take a while to complete this leg, though very short term, the drop is extended a bit. That does not rule out an extreme conclusion (exhaustion) that may take a considerable time in coming. The SPX did not make it to 1180. Still best to be flat or short at this juncture, even though a bounce is due. Overall, it certainly seems too soon to buy. I doubt this wave of selling is over, but as always, take it a day at a time.
-Jan 4 SPX 1188.05: Sharp selloff of the last two days have put the volume parameter in a buy mode. As a short term strategy, buy weakness, but pick your spots carefullly (about 8 SPX points lower might be a good area) and protect positions.
-Jan 3 SPX 1202.08: No primary signal. Nasdaq DIA, and SPY gave secondary 10 day volume peaks off of a rally high. This indicator is tuned to look for exhaustion which the reversal may represent.  Admittedly the DIA volume expansion comes off of several soft days of decline and could set up a bounce. We'll stay with our sell signal from Dec 16 until something clearly defines the technicals. Until then, we could continue to see choppy action pending a countermove or confirming signal.

---

2004 DATA BELOW:
-Dec 31 SPX 1211.92: No signals.
-Dec 30 SPX 1213.55: No signals, none likely tomorrow either in pre-holiday session.
-Dec 29 SPX 1213.45: No signals. Waiting for next tradable signal which will likely follow the holiday doldrums.
-Dec 28 SPX 1213.54: No signals as volume remains low and speculation high.
-Dec 27: SPX 1204.92: No signals. There has been minimal upside progress since sell signal given Dec 16.

---

-Dec 24: Christmas Holiday
-Dec 23 SPX 1210.13: No signals. Quiet pre-holiday trading day.
-Dec 22 SPX 1209.57: Thus far sales made on Dec 17 only resulted in a two day pullback. Protect positions while waiting for next trading signal. None yet as pre-holiday volume contracts.
-Dec 21 SPX 1205.45: No signals, no volume spikes, just a continuation of diminished volume upside. Await next signal, protect previous sales.
-Dec 20 SPX 1194.65: No signals. Nothing clear cut as market pulls back modestly from recent gains and sell signal of Dec 16. Protect sales.

---

-Dec 17 SPX 1194.22: Had a nice bit of early strength to sell, but only in ND. Protect any sales. Sell signal right on the money for the moment.
-Dec 16 SPX 1203.21: Sell signal. Highest NYSE vol since Oct 27. Sell strength.
-Dec 15 SPX 1205.72: No signals. SPX has just been crawling through prev highs daily. Very close on the count, but no signals yet.
-Dec 14 SPX 1203:38: No signals. Wait it out.
-Dec 13 SPX 1198.68: No signals. Waiting for next tradable signal.

---

-Dec 10 SPX 1188.00: No signals.
-Dec 9 SPX 1189.24: No signals. Protect sales in the event that the 20 point SPX break from the highs was all to be had in the sell signal. Awaiting new signal.
-Dec 8 SPX 1182.81: No signals. Protect previous sales.
-Dec 7 SPX 1177.07: No primary signal, though volume is staying dynamic in the Nasdaq. Good sell off, protect sales.
-Dec 6 SPX 1190.25: No new signals. Protect any sales.

---

-Dec 3 SPX 1191.17: Had good early strength to sell. Nasdaq had highest volume in 8 months (confirming sale there), though NYSE volume settled down a bit.  Still wanting to sell strength Monday while protecting sales appropriately.
-Dec 2 SPX 1190.33: Sell signal confirmed in NYSE and Nasdaq. Sell strength!
-NOTE: The signal in Nasdaq for Dec 1 was "artificial". If I subtract out the 102 million shares of the QQQQ which moved from the Amex to Nasdaq yesterday (Dec 1), it shows volume data NOT giving a ND sell signal. Technically, it is only a matter of a few million shares and a day in timing. I'll not have to be careful about interpreting ND volume going forward since the signal is emphatic on Dec 2. That said, the primary indicator (NYSE) did in fact give a sell signal Dec 1, with the Nasdaq very close in both parameters (time and volume).
-Dec 1 SPX 1191.37: Sell signal in NYSE and Nasdaq. First real signal (not counting lift off of Nov 5) since the buys back in mid-October. Sell strength.
-Nov 30 SPX 1173.82: No new signals. Volume staying pretty light as market continues modest give and take. Since the lift off on Nov 5, signals have been lacking.