Chartprofit eBook 25th October 2013
Latest ChartProfit eBook is available to view at:
https://chartprofit.com/ebook/131025_Charts.zip
The DNL Reader is required to view the eBook.
If you do not have this program please download it here:
www.digitalwebbooks.com/reader/
pdf version:
https://chartprofit.com/ebook/ChartProfit_131025.pdf
*********** PRICE PERFORMANCE / LOCATION
In the longer timeframe, Friday closed above Mon-Wed Hi-Lo Range indicating Buyers Active on the weekly timeframe for the third consecutive week.
*********** BREADTH
Breadth: The CP Market Timing System stayed positive for Nyse, Nasdaq and R2000, and turned positive (from neutral) for UK.
Stocks>50dyma numbers: Nyse 82%, Nasdaq 72%, R2000 77%, UK 82%. Numbers >50 are considered supportive.
*********** SENTIMENT
Consensus Polls:
10/25: AAII (public poll). Bulls% was higher again at 49.2%, the highest since January. Bears% was sharply lower at 17.6% (from 24.9%) the lowest since January. The nett (Bulls minus Bears) at 31.6 is the highest since Jan 2012. The 4wk ma of net is climbing, see level to watch on chart.
10/25: Investors Intelligence. Bulls% was sharply higher at 49.5% (from 42.3%). Bears% was lower at 18.5 which is the lowest Bears% since May 2011.
10/25: Market Vane (advisers) poll was higher at 64
10/25: The NAAIM number (a measurement of average current equity exposure among active money managers) was slightly lower at 79.37. Previous week’s 82.05 was a twelve week high and brought the number back to what is historically high territory for this indicator.
Mutual Fund Flow:
10/25: My version of the Rydex Assets Ratio ended the week at 3.93. The ratio reached as high as 5.43 at the market May high and as low as 2.15 on 07/10 (which was the lowest ratio since January 2012).
10/25: lipperusfundflows reported Equity Fund inflows of $16.4 Billion in the week to 23rd October, a high number. The 4wk Flow number is at $19.9 Billion with an extreme peak for this number reaching $40.40 Billion in early August.
10/25: lipperusfundflows ex_ETFs reported Equity Fund inflows of $6 Billion in the week to 23rd October, but the 4wk Flow number is still relatively low.