Current Stock Market Indicators

Last Updated: March 9, 2009



1. FIT: Trading Range

We're in the late stages of a six-month trading range, likely to be resolved to the upside with a snapback rally back over Dow 7,700.


2. SSE: Shakeouts

Good stocks are being walked down to set up low entry prices for the next bull market.


3. WLF: Losers

The major focus has been on the crash in the financial stocks. Some of these have been zeroed out and will never come back, others have been so diluted by preferred issues and conversion that they will come back very slowly. I expect in the new bull market, tech stocks with low debt and lots of cash will be leaders.


4. CMP: Down

Private sector players are driving down stocks so they can accumulate them cheaply. The government has stepped aside and is not buying stock index futures to support the market.


5. BRR: Selling rallies

Rally attempts continue to fail, but with each failure we draw closer to a major bottom.

Detailed Explanation of Current Stock Market Indicators