Stock Market Must Now Start Trending Up
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Friday 10-28-05: DJIA closed 10,402.61 up +172.66
Before the U. S. Stock Market Opening
Monday October 31 Stock Market Forecast
DJIA Probability of Being "Up" Monday: 03%
Market Comment: The MktMetrics DJIA forecast has posted 03% probability to be "Up" Monday. Friday's Stock Market action brought Investors back after testing key support levels once again. While most of the statistics have turned up from an oversold condition, Mondays after big run-ups on Fridays, are typically greeted with profit taking. Should this not occur because it is the end of the month, expect it to happen on Tuesday. To protect my long positions, I have hedged my accounts by shorting a major Index this morning via an ETF. The DJIA is at the high of this most recent move up. However, with November and December approaching, and the recent formation of a strong support base, perhaps there is more positive momentum ahead. So Monday and Tuesday's performance must prove that the Stock Market can now develop a positive Trend as we wrap up the Calendar year.
Index Statistics: Above 50% Bullish - Below 50% Bearish
DJIA Probability of Being "Up" Monday: 03%
Trend: Rising Today 55% vs. Yesterday 48% (High 77% / Low 16%)
Momentum: Flat 23% vs. Yesterday 23% (High 58% / Low 13%)
DJIA Outlook: Bearish Rising 37% vs. Yesterday 36% (High 60% / Low 18%)
DJIA Flow of Funds: Rising Today 29% vs. Yesterday 26% (High 61% / Low 10%)
Stock Market Outlook: Bearish Rising 35.7% vs. Yesterday 22.8 (High 88.8% / Low 12.2%) (DJIA, S&P500, Russell 2000 & NASDAQ 100) Aggregate)
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ETF's Statistics: Above 0% Bullish - Below 0% Bearish
DIA: Rising Today -22% vs. Yesterday -25% (High 47% / Low -48%)
SPY: Rising Today -28% vs. Yesterday -32% (High 56% / Low -54%)
MDY: Rising Today -20% vs. Yesterday -22% (High 65% / Low -64%)
IWM: Rising Today -16% vs. Yesterday -17% (High 47% / Low -42%)
QQQQ: Falling Today -14% vs. Yesterday -10% (High 54% / Low -35%)
IYT: Falling Today -02% vs. Yesterday 02% (High 61% / Low -51%)
IDU: Rising Today -47% vs. Yesterday -49% (High 61% / Low -54%)
Information provided by http://www.mktmetrics.com
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Douglas Gale (jdg8119@gmail.com)
Gale Financial Market Econometrics, Inc.
"Just Suppose For A Moment, You Know What The Exchange Insiders Know!"


