Stock Market Forecast Thursday September 18 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.
Wednesday 9-17-08 DJIA closed: 11,609.66 -449.36 vs prior day: 11,059.02 +141.51
DJIA 21-Day Moving Average: 11,347.42 -41.42 vs prior day: 11,388.84 -28.61
(DJIA closed -6.50% Below its Falling 21-day Moving Average vs -2.90% prior day)
Before the New York Stock Exchange Open
Thursday September 18 Stock Market Forecast
Probability Percent of "Up" at the Close
DJIA Probability of closing "Up" Thursday: 66%
DIA Probability of closing "Up" Thursday: 100%
(DJIA & DIA are weighted differently- Avg: 83%)
DIA Past 4 Thursdays: Rising 57.6% / 56.8% / 57.4% / 57.4%
(Lower Open, yet Higher Close from Open is greatest for Thursday)
DIA Put/Call Ratio: Thursday 0.76 vs. Wednesday 0.79 (High 1.04 / Low 0.76)
Definition: Baseline= 1.00 >1.00= Bearish <1.00=>DIA MACD (12,26): SELL in effect
DIA Opening Power: Falling 21-day moving average (Open Down)
DIA Closing Power: Falling 21-day moving average (Close Down)
Dow Jones Industrial Average Statistics (Historic High / Low)
Dow 30 + DIA: Falling Today Up 7 vs. Down 24 (-2 vs -2 prior day)
DJIA Trend: Falling Today 23% vs Yesterday 29% (High 97% / Low 0%)
DJIA Momentum: Falling Today 16% vs Yesterday 29% (High 97% / Low 10%)
DJIA Volatility: Falling Today 3.85 vs Yesterday 4.05 (High 6.98 / Low -1.14)
DJIA 50-Day Net Change: Falling Today -774 vs Yesterday -173 (High 1450 / Low -2095)
DJIA 50-Day Net Change: High 1450 5-23-07/Low -2095 7-15-08(today -774 -.53% of High)
DJIA Resistance Levels: Mean= 11,388 / Intermediate Term 11,566 / Breakout 11,744
DJIA Support Levels: Mean= 11,347 / Intermediate Term 11,148 / Breakdown 10,950
Wednesday's Trading Highlights:
1. Futures and Options expire in 2 days, September worst performer of 12
2. Money Markets receive cash and Oil up are market movers for Thursday
3. Oracle is due to report its quarterly report today with great expectations
4. DIA moving average 8-day 112.18 vs 21-day 113.62 -1.44- vs -1.11+, Falling
5. Heavy Volume developing all week, which may represent selling climax
Institutional Investor Statistical Trends (Historic High / Low)
Exchange Insiders' Inventory: Falling Today -.01% vs Yesterday .05% (High .29%/Low -.31%) Mean= -.02% Closed near its Mean, Neutral yet decreasing.
Institutional Money Flow: Falling Today 22% vs Yesterday 25% (High 97% / Low 0%) Mean= 52% Closed below its Mean, Negative and decreasing.
Institutional Demand: Falling Today 27.64% vs Yesterday 40.42% (High 86.84% / Low 13.13%) Mean= 50.0% Closed below its Mean, Negative and decreasing.
Institutional Inventory: Falling Today 26.09% vs Yesterday 37.61% (High 81.06%/Low 14.58%) Mean= 50.4% Closed below its Mean, Negative and decreasing.
Institutional Accumulation/Distribution Trend: Falling Today -.23% vs Yesterday -.14% (High .35% / -.52%) Mean= -.03% Closed below its Mean, Negative and decreasing.
Outlook Statistics: Above 50% Bullish/Below 50% Bearish (Historic High/Low)
DJIA Outlook: Bearish Falling Today 29% vs. Yesterday 33% (High 89% / Low 8%) Mean= 53.5% Closed below its Mean, Negative and decreasing.
Stock Market Outlook: Bearish Falling Today 32.0% vs Yesterday 48.2% (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: Falling Trend Today -38% vs. Yesterday -22% (High 95% / Low -95%)
SPY: Falling Trend Today -53% vs. Yesterday -34 (High 77% / Low -102%)
MDY: Falling Trend Today -58% vs. Yesterday -32% (High 91% / Low -138%)
IWM: Falling Trend Today -31% vs. Yesterday -16% (High 71% / Low -70%)
QQQQ: Falling Trend Today -61% vs. Yesterday -53% (High 54% / Low -61%)
SMH: Falling Trend Today -47% vs. Yesterday -35% (High 48% / Low -53%)
IYT: Falling Trend Today -16% vs. Yesterday -2% (High 80% / Low -95%)
XLE: Falling Trend Today -21% vs. Yesterday -18% (High 82% / Low -85%)
XLF: Falling Trend Today -2% vs. Yesterday 3% (High 45% / Low -58%)
IAI: Falling Trend Today -23% vs. Yesterday -14% (High 55% / Low -67%)
IYR: Falling Trend Today 2% vs. Yesterday 19% (High 64% / Low -85%)
XHB: Falling Trend Today 23% vs. Yesterday 28% (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": Falling Trend Today 32 vs. Yesterday 155 (High 367 / Low 3)
Demand Factor "0": Rising Trend Today 65 vs. Yesterday 14 (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.
Wednesday 9-17-08 DJIA closed: 11,609.66 -449.36 vs prior day: 11,059.02 +141.51
DJIA 21-Day Moving Average: 11,347.42 -41.42 vs prior day: 11,388.84 -28.61
(DJIA closed -6.50% Below its Falling 21-day Moving Average vs -2.90% prior day)
Before the New York Stock Exchange Open
Thursday September 18 Stock Market Forecast
Probability Percent of "Up" at the Close
DJIA Probability of closing "Up" Thursday: 66%
DIA Probability of closing "Up" Thursday: 100%
(DJIA & DIA are weighted differently- Avg: 83%)
DIA Past 4 Thursdays: Rising 57.6% / 56.8% / 57.4% / 57.4%
(Lower Open, yet Higher Close from Open is greatest for Thursday)
DIA Put/Call Ratio: Thursday 0.76 vs. Wednesday 0.79 (High 1.04 / Low 0.76)
Definition: Baseline= 1.00 >1.00= Bearish <1.00=>DIA MACD (12,26): SELL in effect
DIA Opening Power: Falling 21-day moving average (Open Down)
DIA Closing Power: Falling 21-day moving average (Close Down)
Dow Jones Industrial Average Statistics (Historic High / Low)
Dow 30 + DIA: Falling Today Up 7 vs. Down 24 (-2 vs -2 prior day)
DJIA Trend: Falling Today 23% vs Yesterday 29% (High 97% / Low 0%)
DJIA Momentum: Falling Today 16% vs Yesterday 29% (High 97% / Low 10%)
DJIA Volatility: Falling Today 3.85 vs Yesterday 4.05 (High 6.98 / Low -1.14)
DJIA 50-Day Net Change: Falling Today -774 vs Yesterday -173 (High 1450 / Low -2095)
DJIA 50-Day Net Change: High 1450 5-23-07/Low -2095 7-15-08(today -774 -.53% of High)
DJIA Resistance Levels: Mean= 11,388 / Intermediate Term 11,566 / Breakout 11,744
DJIA Support Levels: Mean= 11,347 / Intermediate Term 11,148 / Breakdown 10,950
Wednesday's Trading Highlights:
1. Futures and Options expire in 2 days, September worst performer of 12
2. Money Markets receive cash and Oil up are market movers for Thursday
3. Oracle is due to report its quarterly report today with great expectations
4. DIA moving average 8-day 112.18 vs 21-day 113.62 -1.44- vs -1.11+, Falling
5. Heavy Volume developing all week, which may represent selling climax
Institutional Investor Statistical Trends (Historic High / Low)
Exchange Insiders' Inventory: Falling Today -.01% vs Yesterday .05% (High .29%/Low -.31%) Mean= -.02% Closed near its Mean, Neutral yet decreasing.
Institutional Money Flow: Falling Today 22% vs Yesterday 25% (High 97% / Low 0%) Mean= 52% Closed below its Mean, Negative and decreasing.
Institutional Demand: Falling Today 27.64% vs Yesterday 40.42% (High 86.84% / Low 13.13%) Mean= 50.0% Closed below its Mean, Negative and decreasing.
Institutional Inventory: Falling Today 26.09% vs Yesterday 37.61% (High 81.06%/Low 14.58%) Mean= 50.4% Closed below its Mean, Negative and decreasing.
Institutional Accumulation/Distribution Trend: Falling Today -.23% vs Yesterday -.14% (High .35% / -.52%) Mean= -.03% Closed below its Mean, Negative and decreasing.
Outlook Statistics: Above 50% Bullish/Below 50% Bearish (Historic High/Low)
DJIA Outlook: Bearish Falling Today 29% vs. Yesterday 33% (High 89% / Low 8%) Mean= 53.5% Closed below its Mean, Negative and decreasing.
Stock Market Outlook: Bearish Falling Today 32.0% vs Yesterday 48.2% (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: Falling Trend Today -38% vs. Yesterday -22% (High 95% / Low -95%)
SPY: Falling Trend Today -53% vs. Yesterday -34 (High 77% / Low -102%)
MDY: Falling Trend Today -58% vs. Yesterday -32% (High 91% / Low -138%)
IWM: Falling Trend Today -31% vs. Yesterday -16% (High 71% / Low -70%)
QQQQ: Falling Trend Today -61% vs. Yesterday -53% (High 54% / Low -61%)
SMH: Falling Trend Today -47% vs. Yesterday -35% (High 48% / Low -53%)
IYT: Falling Trend Today -16% vs. Yesterday -2% (High 80% / Low -95%)
XLE: Falling Trend Today -21% vs. Yesterday -18% (High 82% / Low -85%)
XLF: Falling Trend Today -2% vs. Yesterday 3% (High 45% / Low -58%)
IAI: Falling Trend Today -23% vs. Yesterday -14% (High 55% / Low -67%)
IYR: Falling Trend Today 2% vs. Yesterday 19% (High 64% / Low -85%)
XHB: Falling Trend Today 23% vs. Yesterday 28% (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": Falling Trend Today 32 vs. Yesterday 155 (High 367 / Low 3)
Demand Factor "0": Rising Trend Today 65 vs. Yesterday 14 (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 10:12 PM
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