| Market Outlook | |
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CAUTION |
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.Bias |
POSITIVE |
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.BLI |
POSITIVE |
| Extended Forecast | |
Barometer Chart as of June 12, 2009
Stock Market Forecast Chart- Barometer Chart
Market Barometer Leading Indicator chart. Data from the models populate the charts to show a visual of how the models see the U.S. stock market.
This particular chart is a channel chart that is used to find tops and bottoms as well as identifying performance issues.
| Chart updated on June 12, 2009
after the close. Click
Detail Barometer Chart for more information. Dare we assume that we have a major bull market, anew, OR should we keep it as a bear market rally for now, until proven otherwise. Any significant updates to this question will be here on the Barometer page. And occasionally we will update the Leading Indicator chart (above chart). The new chart study: This is the Barometer Leading Indicator chart that depicts what the models see, or, what the data looks like dumped onto a chart. The chart dates range from the summer of 2006 to current. The yellow-plot line is the Barometer-plot. The green-plot line is the positive boundary. The red-plot line is the negative boundary. A positive market is one where you have the yellow-plot, the green-plot, and the red-plot, in that order, ascending. Conversely, If the red-plot is on top of the others its not a good time for the bulls. So in this study we will watch and see if the yellow and green are on top of the red. In a retracement the red will be dominant (on top), so its not a big deal if it doesn't last long. This particular chart is updated daily but not published on the website routinely, for security reasons. However, there is a similar flash chart that is displayed daily, located in the Market Snapshot section.
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