The $ Flow indicator has dropped to levels not seen since March '09:

There are no new stock pick this week.

Hurst channels help compare the severity of the current decline to prior ones:

Cloudy skies for the Summation Index:

The NYSE is quickly running our of room:

Here's a new weekly indicator that combines features of the previous two. It clearly shows up/downtrend phases and, as an added bonus, helps with the wave count.



We'll focus on the flat areas, which are reversal/congestion zones and will use them to identify buying/shorting opportunities among the universe of DJIA stocks. The rules can't be any simpler: buy above the weekly high, sell below the low, use the same levels as stop & reverse points, move your stop/loss above break-even once in the money. We'll follow the results on a weekly basis.

Here's the current list:

AA, BA, BAC, CVX, CSCO, DD, GE, HPQ, IBM, JNJ, JPM, KO, MCD, MM, PG, TRV, XOM

Sunny days are here again for the Summation Index:

Sometimes, it's helpful to look at daily and weekly trend without the distraction of price noise: