Week Ended September 24, 2010
| Relative Strength Model | ||||
| Rank | Asset Class | Intermediate Trend |
Short Trend |
|
| 1 |
SE Asia ex-Japan Index (EPP) |
Pos | Pos | |
| 2 | Emerging Markets Index (EEM) | Pos | Pos | |
| 3 | European Markets Index (IEV) | Pos | Pos | |
| 4 | S&P Latin America 40 Index (ILF) | Pos | Pos | |
| 5 |
China FTSE/Xinhua Index (FXI) |
Pos | Pos | |
| 6 | Gold Bullion (GLD) | Pos | Pos | |
| 7 | US Real Estate/REIT Index (ICF) | Pos | Pos | |
| 8 | US Mid-cap Equities (MDY) | Pos | Pos | |
| 9 | Japanese Markets Index (EWJ) | Neu | Pos | |
| 10 | S&P US Small-cap Equities (IJR) | Pos | Pos | |
| 11 | US Large-cap Equities (SPY) | Neu | Pos | |
| 12 |
US 25+ yr Long Bonds (BTTRX) |
Pos | Neu | |
| 13 | T-Bills (90 day) | Neu | Neu | |
| 14 | Flat Market | Neu | Neu | |
| 15 | Crude Oil Index (OIL) | Neg | Neu | |
| Interest Rates | ||||
| Asset Class | Intermediate Trend | Short Trend | ||
| Short-term T-Bill Index |
Neu |
Neu | ||
| Five-year Treasuries Index |
Neu |
Neu | ||
| Ten-year T-bond Index |
Neu |
Neu | ||
| Thirty-year T-Bond Index |
Neu |
Pos | ||
| Other Indicators | ||||
| Asset Class | 45 wk Trend | 10 wk Trend | ||
| CRB Commodities Index (CRY0) |
Pos |
Pos |
||
|
|
US Dollar Index (DXY0) |
Neu |
Neg |
|
|
|
Fed Pressure |
Stay |
||
|
|
Fear Index |
Neutral |
||
Fed Pressure indicates what the Fed ought to do given the current balance between inflation, commodity price trends, and interest rates.
"Yeh, but the Fed doesn't always listen!" --Spencer
The Fear Index is a measure of Investor Actions being taken to protect long positions. If investors are doing nothing, it is Complacent. If investors are acting to protect long positions, it is Fearful. If investors are exhibibiting increased restiveness but are doing little to protect their positions, it is Anxious.
William Dirlam, an investment advisor from the Washington, D.C. area is the originator of this type presentation and has a website well worth while for an understanding of factors influencing the market. His address is below.
http://decisionmoose.com/MooseCalls.html
Spencer says: "If it looks like a duck, walks like a duck and quacks like a duck; it's a duck!"