Swing Trading Strategies & Stock Picks Since 2003

There are no new MasterSwings picks today, but there is some relevant statistics below. The major indices, as well as many stocks, are quite overextended. We still think there could be a little bit of a pullback. The S&P has a strong bullish edge when: It is down on the most recent close, there is a large 5-day gain two days ago, it crosses below the 200-day moving average The S&P Futures has shown a strong bullish edge that peaks in 36 trading days from the recent close. Thus, the projected date of the peak of the bullish edge relative to the recent closing date (Wednesday, July 28th,2010) is Thursday, September 16th 2010. The S&P Futures rallies in 94% of the cases (15 of 16) by an average of 4.0% relative to the recent close. The average of the 1 decline is - 0.5%. The overall return of the 16 cases is 3.7%, which, based on the close (1102.1) provides a target of 1142.8. * Down -Closing price is lower than the closing price on the previous trading day * Large five-day gain - Closing price represents a five-day percentage gain of more than one standard deviation above the average five-day percentage change measured over the last 30 trading days * Cross below 200-day moving average - Closing price is below the 200-day average price, but was above the average on the previous trading day