• Arcadia HealthCare to Participate in INVESTIndiana Conference Sep 5th, 2008, 17:00 - PMZ (Length: 3333)
• Teche Federal Bank Open in All Markets Friday, September 5th and Announces Extended Hours Saturday, September 6th Sep 5th, 2008, 14:40 - INW (Length: 3548)
• PolyMet Mining Corp signs marketing agreement with Glencore AG Sep 5th, 2008, 13:07 - MTO (Length: 2498)
• Analyst Reports for Ableauctions.com Inc., Cheniere Energy Inc., Northgate Minerals Corporation, and Eaton Vance Limited Duration Income Fund Sep 5th, 2008, 11:57 - INW (Length: 2590)
• Friedman Industries Inc reports dividend Sep 5th, 2008, 11:34 - MTO (Length: 479)
• Interleukin Genetics and Alticor Inc to increase distribution channels for genetic tests Sep 5th, 2008, 11:12 - MTO (Length: 1210)
• Mercantile Bancorp Completes HNB Bank and Perry State Bank Consolidation Sep 5th, 2008, 10:23 - INW (Length: 3709)
• BUYINS.NET: PZN, WDSC Have Been On BUYINS.NET Naked Short List For 13 Consecutive Trading Days Sep 5th, 2008, 09:39 - MTO (Length: 9040)
• BUYINS.NET: ALSWF, COSWF, ESSFO, WOSLY, WXJXF, YNGFF Have Also Been Removed From Naked Short List Today Sep 5th, 2008, 09:39 - MTO (Length: 14789)
• BUYINS.NET: IMF, TKS, PRK, BARE, CAEI, DDUP Have Been Removed From Naked Short List Today Sep 5th, 2008, 09:34 - MTO (Length: 15456)

[ More AMEX News ]

Analysis

Fri 9/5/08

Mov Avg-Exponential Indicator:

Conventional Interpretation: Price is below the moving average so the trend is down.

Additional Analysis: CAUTION: The market trend has changed direction. Now the market trend is DOWN!

Mov Avg 3 lines Indicator:

Note: In evaluating the short term, plot1 represents the fast moving average, and plot2 is the slow moving average. For the longer term analysis, plot2 is the fast moving average and plot3 is the slow moving average

Conventional Interpretation - Short Term: The market is bearish because the fast moving average is below the slow moving average.

Additional Analysis - Short Term: The market is EXTREMELY BEARISH. Everything in this indicator is pointing to lower prices: the fast average is below the slow average; the fast average is on a downward slope from the previous bar; the slow average is on a downward slope from the previous bar; and price is below the fast average and the slow average.

Conventional Interpretation - Long Term: The market is bullish because the fast moving average is above the slow moving average.

Additional Analysis - Long Term:

Bollinger Bands Indicator:

Conventional Interpretation: The Bollinger Bands are indicating an oversold condition. An oversold reading occurs when the close is nearer to the bottom band than the top band.

Additional Analysis: The market appears oversold, but may continue to become more oversold before reversing. Look for some price strength before taking any bullish positions based on this indicator.

Volatility Indicator: Volatility is in a downtrend based on a 9 bar moving average.

Momentum Indicator:

Conventional Interpretation: Momentum (-4.00) is below zero, indicating an oversold market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is DOWN. Momentum is in bearish territory. And, the market put in a 45 bar new low here. More lows are possible.

Rate of change Indicator:

Conventional Interpretation: Rate of Change (-80.00) is below zero, indicating an oversold market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is DOWN. Rate of Change is in bearish territory. And, the market put in a 45 bar new low here. More lows are possible.

Comm Channel Index Indicator:

Conventional Interpretation: CCI (-123.02) has crossed into the bearish region, issuing a sell short signal. CCI will signal liquidation of this position when the CCI value crosses back into the neutral center region.

Additional Analysis: CCI often misses the early part of a new move because of the large amount of time spent out of the market in the neutral region. Initiating signals when CCI crosses zero, rather than waiting for CCI to cross out of the neutral region can often help overcome this. Given this interpretation, CCI (-123.02) has crossed below zero, issuing a signal to liquidate long positions and initiate short positions.Adding to this bearish view, the market has put in a 45 bar new low here.

ADX Indicator:

Conventional Interpretation: ADX measures the strength of the prevailing trend. A rising ADX indicates a strong underlying trend while a falling ADX suggests a weakening trend which is subject to reversal. Currently the ADX is rising.

Additional Analysis: The long term trend, based on a 45 bar moving average, is up. And, ADX has turned up, indicating a strengthening in the current upward trend. A good advance is possible from here.

DMI Indicator:

Conventional Interpretation: DMI signals a bearish trade when the DMI+crosses below the DMI-, as it has here.

Additional Analysis: DMI has signaled a bearish trade and the ADX is rising. And, the market put in a 45 bar new low here, adding to the bearish case. A good downside move from here is possible.

RSI Indicator:

Conventional Interpretation: RSI is in neutral territory. (RSI is at 45.02). This indicator issues buy signals when the RSI line dips below the bottom line into the oversold zone; a sell signal is generated when the RSI rises above the top line into the overbought zone.

Additional Analysis: RSI is somewhat oversold (RSI is at 45.02), but given the 45 bar new low here, greater oversold levels are likely.

MACD Indicator:

Conventional Interpretation: MACD has issued a bearish signal. A bearish signal is generated when the FastMA crosses below the SlowMA, as it has here.

Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is DOWN. MACD has issued a bearish signal, suggesting that the short term downwardtrend may continue, and may indicate a pending reversal in the long term trend.

Open Interest Indicator: No open interest value in the database for this bar. Note: Open interest not available for all data types.

Volume Indicator:

Conventional Interpretation: The current new low is accompanied by increasing volume, suggesting further new lows are ahead.

Additional Analysis: The long term market trend, based on a 45 bar moving average, is UP. The short term market trend, based on a 5 bar moving average, is DOWN.The current new low is accompanied by increasing volume, suggesting further new lows are ahead. However, be careful to avoid selling an oversold market. RSI or MACD may be helpful here.

Stochastic - Fast Indicator:

Conventional Interpretation: The SlowK line crossed below the SlowD line; this indicates a sell signal. The stochastic is in oversold territory (SlowK is at 0.00; this indicates a possible market rise is coming.

Additional Analysis: The long term trend is UP. SlowK is showing the market is oversold. Look for a bottom soon.

Stochastic - Slow Indicator:

Conventional Interpretation: The SlowK line crossed below the SlowD line; this indicates a sell signal.

Additional Analysis: The long term trend is UP. SlowK is starting to show the market is oversold. A bottom may not be far off.

Swing Index Indicator:

Conventional Interpretation: The swing index has crossed zero, identifying this bar as a short term pivot point.

Additional Analysis: No additional interpretation.

Important: This commentary is designed solely as a training tool for the understanding of technical analysis of the financial markets. It is not designed to provide any investment or other professional advice.

Note: The above analysis is computer generated from mathematical formulae, and is provided for educational purposes only. Neither the above, nor any information on this site is intended as a trade recommendation.