Current Status of the Stock Market

Market Breath ratio and S&P 500 index are showing uptrend, but not all stocks classified as "momentum leaders" are participating in the uptrend.

Momentum leader stock index has not yet shown a price uptrend signal. We should wait on that signal, before we can meaningfully start to in these stocks.

S&P500 gave an uptrend signal on 12/9/2011.

Market Breath ratio gave an uptrend signal on 11/30/2011,

Below are the charts for all 3 cases:

Momentum leaders stock Index

SPY Weekly Chart

Market Breadth ratio