Tuesday, March 23, 2010

Index Data and Observations

Closing values for Tuesday, March 23, 2010:


Trend & Value 50:

1072.71 (up .80%)


China Small Cap ADR 25:

914.98 (up 1.40%)


Precious Metals Complex:

4672 (up .32%)


Commodity ETFs:

2069 (down .06%)


BRIC Basic Materials:

1036.16 (up 1.32%)


Penny Banks:

1104.20 (up .14%)


Foreign Blend:

7187 (up 93)


General Liquidity:

1025.01 (up .05%)


Über-Indicator:

42.96 (up 3.84)

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In January, the high close for the T&V 50 index was 1072.81. 1072.71 today.



The Über-Indicator remains a little below last week's high.



The idea with this type of indicator is to look for persistent divergences between it and the actual market. Well, there is your divergence, but it's way premature to call it a persistent one.

The typical price of the S&P 500 hit its special average today:



Remember, the market has traded below this average since September 3, 2008, so this is super major resistance. But as I mentioned before, if the S&P can start trading above this average, then we will really have to reformulate our overall conception of the market.