Keystone's Secular Signals Summary

On the right margin on this site is a link to Keystone's Secular Signals.  Keystone uses six tools to determine the overall secular direction of the broad markets. To add to the current market drama, three are signaling a Bear Market and three are signaling a Bull Market.

SPX 150-Day MA Slope Indicator; Bullish (see the chart and analysis previously posted) Change back to Bearish 1/11/12
SPX Weekly MACD Zero Line Indicator; Bullish
NYA 40-Week MA Cross Indicator; Bearish (Note that the NYA is at 7669 and the 40-week MA is at 7707, only 38 points difference to flip the indicator to a secular bull)
UPS 20 and 50-Week MA Cross Indicator; Bearish
SPX 12-Month MA Cross Indicator; Bullish (reference previous post)
SPX Monthly MACD Cross; Bearish

Thus, the tug-o-war continues, something will give at any time.  Either the bears crank up more negativity to send the markets lower again, or, the secular bulls will keep chipping away to the upside as shown by the recent action with the SPX moving above the 12-month MA, and the SPX 150-day MA slope turning positive yesterday. Watch the UPS 20 and 50-week MA cross since the 20 MA is curling upwards, but, for now, remains under the 50 MA.

Note Added 1/11/12 at 6:55 PM:  The 150-day MA indicator dropped back into the bear camp today so the tally changes again, now 4 Bearish and 2 Bullish.