NYA NYSE Composite Weekly Chart 40-Week MA Cross Cyclical Bull Market Fights for Control

The bears are punched in the face over the last couple days like many times before over the last couple years. Yesterday, however, is a serious critical blow to the bearish case since the bulls push NYA back above the key 40-week MA. This is one of Keystone's important cyclical market indicators and determines whether the stock market is in a cyclical bull pattern or cyclical bear.

Note the collapse in the September-October time frame projecting dire trouble ahead. That is why the global central bankers; Fed, BOE, PBOC, BOJ and ECB colluded to save the day and create the late October to early December upside orgy. Markets rolled back over but again are saved over the last two days by the Yellen Rally and the ECB saying the consensus of members is to provide more stimulus; another tag-team approach to pump stock markets.

The batttle continues. Watch this indicator into early 2015 where the winner will emerge and the path for the new year will begin. Use the NYA 10755 level as the key bull-bear level. The NYA may venture through the sideways symmetrical triangle going forward. The slope of the 40-week MA is upward a bullish indication so watch to see if it flattens and rolls over, or not. If you are bullish the market you will have a happy holiday into the New Year and enjoy higher markets if the NYA stays above 10755. If the NYA drops under 10755, the bears will begin growling again and the broad market mood will quickly turn negative. The NYA begins today at 10832 about 75 points above the cliff edge signalling a cyclical bull market for the months ahead. Will it hold? This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note Added Sunday, 12/21/14: The bears got slapped in the face last week and NYA stays above the 40-week MA at 10755 signaling a cyclical bull market ahead. The new week of trading begins at NYA 10890 with a 135-point margin favoring the bulls. Bears need NYA under 10755 or they will be slapped around day after day into 2015.