Daily stock market timing analysis for 8/24/09 at approximately 11:00 am Stock Market Time

Weekly Timing Analysis – For End-of-Week Traders

The weekly chart shows a continuation of the current trend upwards although prices are close to the upper channel line. This may create some weakness in price growth in the near future. However, the CCI(20) is showing no inclination to drop below the 100 line which would be an indication for caution – or at least take some profits to the bank.

Daily Timing Analysis – For End-of-Day Traders

The daily chart is still showing strength from the PSAR switch as a result of last Fridays move up. As with the weekly chart, daily prices appear to be at the upper channel, but that hasn’t prevented moves up in the recent past. With the daily chart moving in conjunction with the weekly chart, traders should consider executing long positions with selections from our top stock pick list as those picks match their strategy.

Hourly Timing Analysis – For Traders who can place stock trades during market hours.

The hourly chart is starting to show some weakness after the CCI(20) has remained above the 100 line for the last several days. A drop below the 100 line and a PSAR switch to bearing would be an indication to wait until the trend reverses again to enter new positions. This would create an increased possibility of taking new positions at the best time.

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