Mar 22, 2010 - Issue #207



Musical Chairs



Musical Chairs. The technical term is 'rotation'. Six stocks moved up, six stocks moved down. The DJ-30 average, being 'price weighted', the advancers moved up more than the decliners moved down.

Other technical indicators: The 200ma is still rolling over (negative), MACD is less negative (but still negative), Money Stream is pulling out even as prices rise (negative).

March Options have now expired. April is now the front month. Put buying (insurance) has increased as volatility declines to new lows (smart move).

Everyone is awaiting the results of the 'Obamacare' vote. Things are going to get interesting at CNBC real quick.

Heads Up

W. D. Gann, a keen market observer, although not an astronomer, nevertheless, was fascinated by the apparent coincidence of important market 'pivot points' and astronomical dates. Theories exist for estimating time and price of important market turning points but astronomical occurrences are computed with mathematical certainty.

There is no logical reason why these occurrences should coincide yet, empirically, they have.

The 'Full Moon' and 'New Moon', among others, have been cited. Therefore, one might be well advised to be aware of their occurrence. Note: The first 5 business days of 2008 concluded on a 'New Moon' and we all know how that worked out. Coincidence?

3/15 Monday - New Moon.

3/29 Monday - Full Moon.

During the next two weeks, the following DJ-30 components report earnings. Keep a sharp eye out for possible price swings leading up to 'earnings day' (Subject to revision):

None.

Dow score card for the week ending 3/19/10.

DJ-30: 10741.98 +117.29 +1.10%. The Real World (arithmetical) DJ-30: 47.38 +0.52 +1.10%.

UP: 23, Down: 7.

Trends (weekly charts): This is the subjective part.

Rising (Generally Higher Highs/Higher Lows) 19 (N/C) 63%:

+*AA, BA, +*CVX, DD, GE, HPQ, INTC, +*JNJ, JPM, KFT, MCD, +*MMM, +*MRK, MSFT, T, UTX, VZ, +*WMT, XOM.

Consolidating (Generally Lower Highs/Higher Lows) 10 (N/C) 33%:

-*AXP, -*BAC, -*CAT, -*CSCO, -*DIS, -*HD, IBM, KO, PG, TRV.

Declining (Generally Lower Highs/Lower Lows) 1 (N/C) 3%:

PFE.

+/- denotes change of direction.

* denotes change of category.





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