Chartprofit eBook 7th March 2014
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*********** PRICE PERFORMANCE / LOCATION
Friday closed above Mon-Wed Hi-Lo Range indicating Buyers active on this timeframe for thr third time in four weeks.
ES analysis: No Significant Selling has been marked for ten days. First sign of weakness in the LT would be Effective Selling marked below 1835.50.
*********** BREADTH
Breadth: The CP market Timing system remained positive for all four Market charts.
Stocks>50dyma numbers: Nyse 74%, Nasdaq 69%, R2000 70%, UK 65%. Numbers >50 are considered supportive.
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*********** SENTIMENT
Consensus Polls:
03/07: AAII (public poll). Bulls% was slightly higher at 40.5%. Bears% was higher at 26.6% (from 21.1%).
03/07: Investors Intelligence. Bulls% was higher at 54.6%. Bears% was lower at 15.1%. The lowest Bears% in my database was 14.1% recorded ten weeks ago.
03/07: Market Vane (advisers) poll was slightly lower at 64
03/07: The NAAIM Exposure Index (a measurement of average current equity exposure among active money managers) was slightly lower at 89.06
Mutual Fund Flow:
03/07: My version of the Rydex Assets Ratio ended the week at 7.36. On Thursday the ratio reached 7.82 which is the highest ratio in my database.
03/07: lipperusfundflows reported Equity Fund (inc ETF) inflows of $10.3 Billion in the week to 5th March
03/07: lipperusfundflows ex_ETFs reported Equity Fund inflows of $2.8 Billion in the week to 5th March
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