The NYA 40-week MA is a key Keystone Cyclical Market Indicator and after the long cyclical bull market into this year the NYA lost the 40-week creating a cyclical bear market starting in the summer time, as keystone highlighted back then. If you had payed attention to this indicator you would have protected yourself from the big August-September selloff. The global central bankers colluded to create a recovery rally but price continues to struggle at regaining the 40-week MA so the market bears are happy with a cyclical bear market remaining on the table for weeks and months to come (unless the NYA moves above the 40-week MA).
Two other key cyclical signals are in play. The SPX 12-month MA cross at 2050.68 is forecasting a cyclical bear market ahead but it can change today at the opening bell. The UPS 20/50-week MA cross signals a cyclical bull market ahead. When these three signals agree on direction that firmly tells you the path for the stock market for the weeks and months ahead. Watch all three indicators closely. 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 8 PM EST: The bulls create a huge stock market rally today. Three key cyclical market signals are updated. The SPX catapults to 2083 clearly up through the 12-month MA at 2051 signaling a cyclical bull market for the weeks and months ahead. Bears need to drop the SPX back under 2051 or they got nothing.
The NYA 40-week MA cross shows the NYA remaining well under signaling a cyclical bear market.
The UPS 20/50-week MA cross turns positive by a smidge over the last two days but nonetheless this signals a cyclical bull market ahead for stocks for the weeks and months to come. Thus, two signals are bullish and one bearish. Either the NYA needs to cross above the 40-week MA to join the bulls and guarnatee a multi-month stock market rally ahead, or, the SPX will retreat and slip back under 2051, and the UPS 20/50-week MA cross will reverse to a negative cross again, which would forecast weak and sick markets going forward through 2016. Continue to monitor these three key signals until you see all three agree which tells you the answer to market direction through 2016.
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