Stock Market Forecast Friday July 10 2009
Stock Market Predictor: www.MktMetrics.com
"Just Suppose For A Moment, You Know What The Exchange Insiders Know!" MktMetrics does.
Subscribe today for a "14-day Free Trial" to www.MktMetrics.com- See for yourself before you make a trade, at what price NYSE Specialists and NASDAQ Market Makers are only interested to buy and sell your stocks.
Thursday 7-9-09 DJIA Closed: 8,183.17 +4.76 vs. prior day: 8,178.41 +14.81
DJIA 21-Day Moving Average: 8,452.49 -27.61 vs. prior day: 8,480.10 -27.91
DJIA Closed: -3.19% Below its Falling 21-day Moving Average vs. prior day -3.56% (Historic High: 10.56% 3-26-09 vs. Low: -19.26%)
Before the New York Stock Exchange Open
Friday July 10 Stock Market Forecast
Fridays: Unch 52.9% / 52.9% / 54.0% / 51.8% / 50.0%
Historic High: 60.7 (1-7-07) / Low 35.9% (10-31-08)
DJIA Trend Change to "Down" from "Up" initiated 7-6-09
DJIA Outlook Change to "Down" from "Up" initiated 7-6-09
DIA Rating Change to "Sell" from "Buy" initiated 6-22-09
Dow Jones Industrial Average & DIA Statistics (Historic High / Low)
Dow 30 + DIA: Falling 4 vs. Down 27 (-2 vs -3 prior day)
DIA M/A Trend: Falling (8-day 83.30) vs. (21-day 84.60) -1.30 vs. Prior -1.27 (Historic High: +4.31 3-27-09 / Low: -11.12)
DJIA Trend: Falling 13% vs Prior 19% (Historic: High 100% 3-31-09 / Low 0%)
DJIA Momentum: Rising 77% vs. Prior 74% (Historic: High 97% / Low 0%)
DJIA Volatility: Falling 0.50 vs. Prior 1.01 (Historic: High 9.80 / Low -2.37)
DJIA 5-Day Stochastic: Falling 18 vs. Prior 19 (High 100 / Low 0)
DJIA 20-Day Stochastic: Unch 11 vs. Prior 11 (High 100 / Low 0)
DJIA 14-Day Relative Strength: Falling 34 vs. Prior 37 (High 100 / Low 0)
DJIA 50-Day Net Change: Falling -3 vs. Prior 161 (Historic: High 1957 5-18-09 / Low -3881)
DJIA Resistance Levels: Mean= 8,480.10 / Intermediate Term 8,614.20 / Breakout 8,748.30
DJIA Support Levels: Mean= 8,452.49 / Intermediate Term 8,304.59 / Breakdown 8,156.70
Friday's Trading Highlights:
1. Stock futures point to lower Wall Street open -
1a.European stocks down as Nikkei records 8th loss -
2. Oil below $60 as traders eye company results -
3. New General Motors expected to exit Chapter 11 -
4. Draft: World leaders launch $15Bln food initiative -
5. Report: AIG asks gov't to approve bonus payments -
6. Geithner says derivatives blindsided the gov't -
7. China's June exports down 21.4 percent -
8. Citigroup shuffles executives, former CFO leaving -
9. China says Rio Tinto employees stole state secrets -
Institutional Investor Statistical Trends (Historic High / Low)
McClellan Oscillator: Rising Current -147.01 vs. Previous day -203.01
(High 232.41 / Low -316.18) Mean= -41.88 Closed below its Mean, negative yet increasing.
Summation Index: Falling Current 2,278.70 vs. Previous day 2,425.70
(High 4,822.06 5-12-09 / Low -4,699) Mean= 123 Closed above its Mean, positive yet decreasing.
Exchange Insiders' Inventory: Falling Current -.13 vs. Previous day -.12 (High .29 / Low -.31) Mean= -.01 Closed below its Mean, Negative and decreasing.
Institutional Money Flow: Unch Current 16% vs. Previous day 16% (High 97% / Low 0%) Mean= 49% Closed below its Mean, Negative yet flat.
Institutional Demand: Falling Current 54.32% vs. Previous day 55.81% (High 86.84% / Low 5.51% 11-20-08) Mean= 47.5% Closed above its Mean, positive yet decreasing.
Institutional Inventory: Falling Current 42.03% vs. Previous day 44.32% (High 81.06% / Low 6.42% 10-10-08) Mean= 43.74% Closed below its Mean, Negative and decreasing.
Institutional Accumulation/Distribution Trend: Unch Current -.25% vs. Previous day -.25% (High +.45% 4-3-09 / Low -.77% 10-10-08) Mean= -.21% Closed below its Mean, Negative yet flat.
Outlook Statistics: Above 50% Bullish / Below 50% Bearish (Historic High/Low)
DJIA Outlook: Bullish, Falling near Baseline, 53% vs. Previous day 57% (High 89% / Low 2% 3-11-09) Mean= 45.5% Closed above its Mean, positive yet decreasing.
Stock Market Outlook: Bullish, Falling 74.5% vs Previous day 75.0% (High 100.0% / Low 1.8% 11-20-08) Mean= 50.9% (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 -52% vs. Yesterday -49% (High 95% / Low -159%)
SPY: Falling Trend Today -45% vs. Yesterday -41% (High 85% / Low -192%)
MDY: Falling Trend Today -57% vs. Yesterday -51% (High 115% / Low -246%)
IWM: Falling Trend Today -37% vs. Yesterday -34% (High 72% / Low -133%)
QQQQ: Falling Trend Today -21% vs. Yesterday -20% (High 54% / Low -85%)
SMH: Falling Trend Today -12% vs. Yesterday -6% (High 48% / Low -60%)
IYT: Falling Trend Today -30% vs. Yesterday -23% (High 87% / Low -134%)
XLE: Falling Trend Today -46% vs. Yesterday -44% (High 82% / Low -131%)
XLF: Falling Trend Today -11% vs. Yesterday -8% (High 45% / Low -59%)
IAI: Rising Trend Today -19% vs. Yesterday -21% (High 55% / Low -67%)
IYR: Falling Trend Today -29% vs. Yesterday -23% (High 64% / Low -146%)
XHB: Rising Trend Today -15% vs. Yesterday -17% (High 69% / Low -56%)
MktMetrics.com tracks 125 Exchange Traded Funds for our Subscribers
Stock Market Plurality: (Daily short-term overbought/oversold indicators, look for extremes either way) Conclusion: Falling
100 “High” vs. 0 "Low" Demand Factor of 1,000 Stock Universe (Historic High/Low)
Demand Factor "100": Falling 24 vs. Previous day 27 (Historic High 367 / Low 0)
Demand Factor "0": Falling 27 vs. Previous day 31 (Historic High 458 / Low 0)
Commodity Channel Index: Rising -116 vs. Previous day -153 (Historic High +237 / Low -228)
Friday Morning Market Observation:
As President Obama meets with Pope Benedict XVI today, they should conclude with a prayer for U.S. Equities as today could be a real downer! Tsunami now?
Have a great weekend.
Good luck and Good trading today!!
Stock Market Predictor: 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 Trial" to www.MktMetrics.com- See for yourself before you make a trade, at what price NYSE Specialists and NASDAQ Market Makers are only interested to buy and sell your stocks.
Thursday 7-9-09 DJIA Closed: 8,183.17 +4.76 vs. prior day: 8,178.41 +14.81
DJIA 21-Day Moving Average: 8,452.49 -27.61 vs. prior day: 8,480.10 -27.91
DJIA Closed: -3.19% Below its Falling 21-day Moving Average vs. prior day -3.56% (Historic High: 10.56% 3-26-09 vs. Low: -19.26%)
Before the New York Stock Exchange Open
Friday July 10 Stock Market Forecast
Fridays: Unch 52.9% / 52.9% / 54.0% / 51.8% / 50.0%
Historic High: 60.7 (1-7-07) / Low 35.9% (10-31-08)
DJIA Trend Change to "Down" from "Up" initiated 7-6-09
DJIA Outlook Change to "Down" from "Up" initiated 7-6-09
DIA Rating Change to "Sell" from "Buy" initiated 6-22-09
Dow Jones Industrial Average & DIA Statistics (Historic High / Low)
Dow 30 + DIA: Falling 4 vs. Down 27 (-2 vs -3 prior day)
DIA M/A Trend: Falling (8-day 83.30) vs. (21-day 84.60) -1.30 vs. Prior -1.27 (Historic High: +4.31 3-27-09 / Low: -11.12)
DJIA Trend: Falling 13% vs Prior 19% (Historic: High 100% 3-31-09 / Low 0%)
DJIA Momentum: Rising 77% vs. Prior 74% (Historic: High 97% / Low 0%)
DJIA Volatility: Falling 0.50 vs. Prior 1.01 (Historic: High 9.80 / Low -2.37)
DJIA 5-Day Stochastic: Falling 18 vs. Prior 19 (High 100 / Low 0)
DJIA 20-Day Stochastic: Unch 11 vs. Prior 11 (High 100 / Low 0)
DJIA 14-Day Relative Strength: Falling 34 vs. Prior 37 (High 100 / Low 0)
DJIA 50-Day Net Change: Falling -3 vs. Prior 161 (Historic: High 1957 5-18-09 / Low -3881)
DJIA Resistance Levels: Mean= 8,480.10 / Intermediate Term 8,614.20 / Breakout 8,748.30
DJIA Support Levels: Mean= 8,452.49 / Intermediate Term 8,304.59 / Breakdown 8,156.70
Friday's Trading Highlights:
1. Stock futures point to lower Wall Street open -
1a.European stocks down as Nikkei records 8th loss -
2. Oil below $60 as traders eye company results -
3. New General Motors expected to exit Chapter 11 -
4. Draft: World leaders launch $15Bln food initiative -
5. Report: AIG asks gov't to approve bonus payments -
6. Geithner says derivatives blindsided the gov't -
7. China's June exports down 21.4 percent -
8. Citigroup shuffles executives, former CFO leaving -
9. China says Rio Tinto employees stole state secrets -
Institutional Investor Statistical Trends (Historic High / Low)
McClellan Oscillator: Rising Current -147.01 vs. Previous day -203.01
(High 232.41 / Low -316.18) Mean= -41.88 Closed below its Mean, negative yet increasing.
Summation Index: Falling Current 2,278.70 vs. Previous day 2,425.70
(High 4,822.06 5-12-09 / Low -4,699) Mean= 123 Closed above its Mean, positive yet decreasing.
Exchange Insiders' Inventory: Falling Current -.13 vs. Previous day -.12 (High .29 / Low -.31) Mean= -.01 Closed below its Mean, Negative and decreasing.
Institutional Money Flow: Unch Current 16% vs. Previous day 16% (High 97% / Low 0%) Mean= 49% Closed below its Mean, Negative yet flat.
Institutional Demand: Falling Current 54.32% vs. Previous day 55.81% (High 86.84% / Low 5.51% 11-20-08) Mean= 47.5% Closed above its Mean, positive yet decreasing.
Institutional Inventory: Falling Current 42.03% vs. Previous day 44.32% (High 81.06% / Low 6.42% 10-10-08) Mean= 43.74% Closed below its Mean, Negative and decreasing.
Institutional Accumulation/Distribution Trend: Unch Current -.25% vs. Previous day -.25% (High +.45% 4-3-09 / Low -.77% 10-10-08) Mean= -.21% Closed below its Mean, Negative yet flat.
Outlook Statistics: Above 50% Bullish / Below 50% Bearish (Historic High/Low)
DJIA Outlook: Bullish, Falling near Baseline, 53% vs. Previous day 57% (High 89% / Low 2% 3-11-09) Mean= 45.5% Closed above its Mean, positive yet decreasing.
Stock Market Outlook: Bullish, Falling 74.5% vs Previous day 75.0% (High 100.0% / Low 1.8% 11-20-08) Mean= 50.9% (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 -52% vs. Yesterday -49% (High 95% / Low -159%)
SPY: Falling Trend Today -45% vs. Yesterday -41% (High 85% / Low -192%)
MDY: Falling Trend Today -57% vs. Yesterday -51% (High 115% / Low -246%)
IWM: Falling Trend Today -37% vs. Yesterday -34% (High 72% / Low -133%)
QQQQ: Falling Trend Today -21% vs. Yesterday -20% (High 54% / Low -85%)
SMH: Falling Trend Today -12% vs. Yesterday -6% (High 48% / Low -60%)
IYT: Falling Trend Today -30% vs. Yesterday -23% (High 87% / Low -134%)
XLE: Falling Trend Today -46% vs. Yesterday -44% (High 82% / Low -131%)
XLF: Falling Trend Today -11% vs. Yesterday -8% (High 45% / Low -59%)
IAI: Rising Trend Today -19% vs. Yesterday -21% (High 55% / Low -67%)
IYR: Falling Trend Today -29% vs. Yesterday -23% (High 64% / Low -146%)
XHB: Rising Trend Today -15% vs. Yesterday -17% (High 69% / Low -56%)
MktMetrics.com tracks 125 Exchange Traded Funds for our Subscribers
Stock Market Plurality: (Daily short-term overbought/oversold indicators, look for extremes either way) Conclusion: Falling
100 “High” vs. 0 "Low" Demand Factor of 1,000 Stock Universe (Historic High/Low)
Demand Factor "100": Falling 24 vs. Previous day 27 (Historic High 367 / Low 0)
Demand Factor "0": Falling 27 vs. Previous day 31 (Historic High 458 / Low 0)
Commodity Channel Index: Rising -116 vs. Previous day -153 (Historic High +237 / Low -228)
Friday Morning Market Observation:
As President Obama meets with Pope Benedict XVI today, they should conclude with a prayer for U.S. Equities as today could be a real downer! Tsunami now?
Have a great weekend.
Good luck and Good trading today!!
Stock Market Predictor: www.MktMetrics.com
Douglas Gale, President jdg8119@gmail.com
Gale Financial Market Econometrics, Inc.
posted by Douglas Gale at 6:24 AM
0 Comments:
Post a Comment
<< Home