Stock Market Forecast Friday September 19 2008
Information provided by: http://www.mktmetrics.com/
"Just Suppose For A Moment, You Know What The Exchange Insiders Know!" MktMetrics does.
Subscribe today for a "14-day Free Look" to: http://www.mktmetrics.com/ - See for yourself before you make a trade, at what prices NYSE Specialists and NASDAQ Market Makers are only interested to buy and sell your stocks.
Thursday 9-18-08 DJIA closed: 11,019.69 +410.03 vs prior day: 10,609.66 -449.36
DJIA 21-Day Moving Average: 11,331.76 -15.66 vs prior day: 11,347.42 -41.42
DJIA closed -2.75% Below its Falling 21-day Moving Average vs -6.50% prior day
Before the New York Stock Exchange Open
Friday September 19 Stock Market Forecast
Probability Percent of "Up" at the Close
DJIA Probability of closing "Up" Friday: 50%
DIA Probability of closing "Up" Friday: 0%
(DJIA & DIA are weighted differently- Avg: 25%)
DIA Past 4 Fridays: Falling 41.1% / 41.9% / 42.5% / 42.5%
(Lower Close from Open is greatest for Friday)
DIA Put/Call Ratio: Friday 0.76 vs. Thursday 0.76 (High 1.04 / Low 0.76)
Definition: Baseline= 1.00 >1.00= Bearish <1.00= Bullish
DIA MACD (12,26): SELL in effect
DIA Opening Power: Falling 21-day moving average (Open Down)
DIA Closing Power: Rising 21-day moving average (Close Up)
Dow Jones Industrial Average Statistics (Historic High / Low)
Dow 30 + DIA: Falling Today Up 6 vs. Down 25 (-1 vs -2 prior day)
DJIA Trend: Falling Today 19% vs Yesterday 23% (High 97% / Low 0%)
DJIA Momentum: Rising Today 39% vs Yesterday 16% (High 97% / Low 10%)
DJIA Volatility: Rising Today 5.84 vs Yesterday 3.85 (High 6.98 / Low -1.14)
DJIA 50-Day Net Change: Rising Today -127 vs Yesterday -774 (High 1450 / Low -2095)
DJIA 50-Day Net Change: High 1450 5-23-07/Low -2095 7-15-08(today -127 -.08% of High)
DJIA Resistance Levels: Mean= 11,347 / Intermediate Term 11,537 / Breakout 11,728
DJIA Support Levels: Mean= 11,331 / Intermediate Term 11,133 / Breakdown 10,935
Wednesday's Trading Highlights:
1. Futures and Options expire today, September worst performer of 12
2. Results from Fed, Treasury & SEC are market movers for Friday
3. Oracle positive quarterly results is also a market mover today
4. DIA moving average 8-day 111.5 vs 21-day 113.46 -1.91- vs -1.44-
5. Heavy Volume on Price decline represents selling climax
Institutional Investor Statistical Trends (Historic High / Low)
Exchange Insiders' Inventory: Rising Today +.09% vs Yesterday -.01% (High .29%/Low -.31%) Mean= -.02% Closed above its Mean, Positive and increasing.
Institutional Money Flow: Rising Today 45% vs Yesterday 22% (High 97% / Low 0%) Mean= 52% Closed below its Mean, negative yet increasing.
Institutional Demand: Rising Today 43.96% vs Yesterday 27.64% (High 86.84% / Low 13.13%) Mean= 50.0% Closed below its Mean, negative yet increasing.
Institutional Inventory: Rising Today 37.29% vs Yesterday 26.09% (High 81.06%/Low 14.58%) Mean= 50.4% Closed below its Mean, negative yet increasing.
Institutional Accumulation/Distribution Trend: Rising Today -.04% vs Yesterday -.23% (High .35% / -.52%) Mean= -.03% Closed below its Mean, negative yet increasing.
Outlook Statistics: Above 50% Bullish/Below 50% Bearish (Historic High/Low)
DJIA Outlook: Bearish Falling Unch Today 29% vs. Yesterday 29% (High 89% / Low 8%) Mean= 53.5% Closed below its Mean, Negative yet flat.
Stock Market Outlook: Bullish Rising Today 54.2% vs Yesterday 32.0% (High 100.0% / Low 4.8%) Mean= 52.4% (Dow 30, S&P 500, Russell 2000 & NASDAQ 100 combined)
12 Key ETFs: Above 0% Bullish/Below 0% Bearish (Historic High/Low)
DIA: Rising Trend Today -4% vs. Yesterday -38% (High 95% / Low -95%)
SPY: Rising Trend Today -23% vs. Yesterday -53 (High 77% / Low -102%)
MDY: Rising Trend Today -15% vs. Yesterday -58% (High 91% / Low -138%)
IWM: Rising Trend Today +6% vs. Yesterday -31% (High 71% / Low -70%)
QQQQ: Rising Trend Today -46% vs. Yesterday -61% (High 54% / Low -61%)
SMH: Rising Trend Today -23% vs. Yesterday -47% (High 48% / Low -53%)
IYT: Rising Trend Today +20% vs. Yesterday -16% (High 80% / Low -95%)
XLE: Falling Trend Today -29% vs. Yesterday -21% (High 82% / Low -85%)
XLF: Rising Trend Today +16% vs. Yesterday -2% (High 45% / Low -58%)
IAI: Rising Trend Today -1% vs. Yesterday -23% (High 55% / Low -67%)
IYR: Rising Trend Today +46% vs. Yesterday 2% (High 64% / Low -85%)
XHB: Rising Trend Today +44% vs. Yesterday 23% (High 69% / Low -56%)
MktMetrics.com tracks 114 Exchange Traded Funds for our subscribers
Stock Market Plurality: (a daily short-term overbought/oversold indicator)
100 “High” vs 0 "Low" Demand Factor of 1,000 Stock Universe (Historic High/Low)
Demand Factor "100": Rising Trend Today 179 vs. Yesterday 32 (High 367 / Low 3)
Demand Factor "0": Falling Trend Today 10 vs. Yesterday 65 (High 360 / Low 3)
Information provided by http://www.mktmetrics.com/
Douglas Gale, President jdg8119@gmail.com
Gale Financial Market Econometrics, Inc.
"Just Suppose For A Moment, You Know What The Exchange Insiders Know!" MktMetrics does.
Subscribe today for a "14-day Free Look" to: http://www.mktmetrics.com/ - See for yourself before you make a trade, at what prices NYSE Specialists and NASDAQ Market Makers are only interested to buy and sell your stocks.
Thursday 9-18-08 DJIA closed: 11,019.69 +410.03 vs prior day: 10,609.66 -449.36
DJIA 21-Day Moving Average: 11,331.76 -15.66 vs prior day: 11,347.42 -41.42
DJIA closed -2.75% Below its Falling 21-day Moving Average vs -6.50% prior day
Before the New York Stock Exchange Open
Friday September 19 Stock Market Forecast
Probability Percent of "Up" at the Close
DJIA Probability of closing "Up" Friday: 50%
DIA Probability of closing "Up" Friday: 0%
(DJIA & DIA are weighted differently- Avg: 25%)
DIA Past 4 Fridays: Falling 41.1% / 41.9% / 42.5% / 42.5%
(Lower Close from Open is greatest for Friday)
DIA Put/Call Ratio: Friday 0.76 vs. Thursday 0.76 (High 1.04 / Low 0.76)
Definition: Baseline= 1.00 >1.00= Bearish <1.00= Bullish
DIA MACD (12,26): SELL in effect
DIA Opening Power: Falling 21-day moving average (Open Down)
DIA Closing Power: Rising 21-day moving average (Close Up)
Dow Jones Industrial Average Statistics (Historic High / Low)
Dow 30 + DIA: Falling Today Up 6 vs. Down 25 (-1 vs -2 prior day)
DJIA Trend: Falling Today 19% vs Yesterday 23% (High 97% / Low 0%)
DJIA Momentum: Rising Today 39% vs Yesterday 16% (High 97% / Low 10%)
DJIA Volatility: Rising Today 5.84 vs Yesterday 3.85 (High 6.98 / Low -1.14)
DJIA 50-Day Net Change: Rising Today -127 vs Yesterday -774 (High 1450 / Low -2095)
DJIA 50-Day Net Change: High 1450 5-23-07/Low -2095 7-15-08(today -127 -.08% of High)
DJIA Resistance Levels: Mean= 11,347 / Intermediate Term 11,537 / Breakout 11,728
DJIA Support Levels: Mean= 11,331 / Intermediate Term 11,133 / Breakdown 10,935
Wednesday's Trading Highlights:
1. Futures and Options expire today, September worst performer of 12
2. Results from Fed, Treasury & SEC are market movers for Friday
3. Oracle positive quarterly results is also a market mover today
4. DIA moving average 8-day 111.5 vs 21-day 113.46 -1.91- vs -1.44-
5. Heavy Volume on Price decline represents selling climax
Institutional Investor Statistical Trends (Historic High / Low)
Exchange Insiders' Inventory: Rising Today +.09% vs Yesterday -.01% (High .29%/Low -.31%) Mean= -.02% Closed above its Mean, Positive and increasing.
Institutional Money Flow: Rising Today 45% vs Yesterday 22% (High 97% / Low 0%) Mean= 52% Closed below its Mean, negative yet increasing.
Institutional Demand: Rising Today 43.96% vs Yesterday 27.64% (High 86.84% / Low 13.13%) Mean= 50.0% Closed below its Mean, negative yet increasing.
Institutional Inventory: Rising Today 37.29% vs Yesterday 26.09% (High 81.06%/Low 14.58%) Mean= 50.4% Closed below its Mean, negative yet increasing.
Institutional Accumulation/Distribution Trend: Rising Today -.04% vs Yesterday -.23% (High .35% / -.52%) Mean= -.03% Closed below its Mean, negative yet increasing.
Outlook Statistics: Above 50% Bullish/Below 50% Bearish (Historic High/Low)
DJIA Outlook: Bearish Falling Unch Today 29% vs. Yesterday 29% (High 89% / Low 8%) Mean= 53.5% Closed below its Mean, Negative yet flat.
Stock Market Outlook: Bullish Rising Today 54.2% vs Yesterday 32.0% (High 100.0% / Low 4.8%) Mean= 52.4% (Dow 30, S&P 500, Russell 2000 & NASDAQ 100 combined)
12 Key ETFs: Above 0% Bullish/Below 0% Bearish (Historic High/Low)
DIA: Rising Trend Today -4% vs. Yesterday -38% (High 95% / Low -95%)
SPY: Rising Trend Today -23% vs. Yesterday -53 (High 77% / Low -102%)
MDY: Rising Trend Today -15% vs. Yesterday -58% (High 91% / Low -138%)
IWM: Rising Trend Today +6% vs. Yesterday -31% (High 71% / Low -70%)
QQQQ: Rising Trend Today -46% vs. Yesterday -61% (High 54% / Low -61%)
SMH: Rising Trend Today -23% vs. Yesterday -47% (High 48% / Low -53%)
IYT: Rising Trend Today +20% vs. Yesterday -16% (High 80% / Low -95%)
XLE: Falling Trend Today -29% vs. Yesterday -21% (High 82% / Low -85%)
XLF: Rising Trend Today +16% vs. Yesterday -2% (High 45% / Low -58%)
IAI: Rising Trend Today -1% vs. Yesterday -23% (High 55% / Low -67%)
IYR: Rising Trend Today +46% vs. Yesterday 2% (High 64% / Low -85%)
XHB: Rising Trend Today +44% vs. Yesterday 23% (High 69% / Low -56%)
MktMetrics.com tracks 114 Exchange Traded Funds for our subscribers
Stock Market Plurality: (a daily short-term overbought/oversold indicator)
100 “High” vs 0 "Low" Demand Factor of 1,000 Stock Universe (Historic High/Low)
Demand Factor "100": Rising Trend Today 179 vs. Yesterday 32 (High 367 / Low 3)
Demand Factor "0": Falling Trend Today 10 vs. Yesterday 65 (High 360 / Low 3)
Information provided by http://www.mktmetrics.com/
Douglas Gale, President jdg8119@gmail.com
Gale Financial Market Econometrics, Inc.
posted by Douglas Gale at 7:15 AM
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