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US-BASIC-MAT
DJ BASIC MATERIALS INDEX
Daily Commentary

Our system posted a HOLD today. The previous BUY recommendation was issued on 08.27.2010 (5) days ago, when the index value was 227.6. Since then US-BASIC-MAT has gained 6.35% .

The previous SELL-IF signal is now null and void. We allowed two days for the confirmation of the bearish pattern and market denied confirmation. None of the three bearish confirmation conditions were realized.

Continue to hold the index and wait for a new signal.

Do not bother yourself with further buying or selling as long as the HOLD tag stays. Keep away from short selling as well.

Data provided by:  End of Day Data

 
HOLD
242.09
+7.9500 +3.40%
Candlestick Analysis
Today’s Candlestick Patterns:
White Opening Marubozu
Candlestick Pattern
 

Today a White Opening Marubozu was formed. This shows that the day opened and then the prices continued to go up all day long without coming below the opening level thus forming a long white body, however prices did not close at the high of the day and thus they created an upper shadow.
For more about this candlestick click here.


 
 
Index Value
Day's Close 242.09
Previous Close 234.14
Previous Open 231.38
Change +7.9500
% Change +3.40%
Volume 49,210,230
 
Index Activity
Day's Open 234.18
Day's High 242.42
Day's Low 234.18
20-Day Close M.A. 237.14
50-Day Close M.A. 232.37
65-Day Volume M.A. 51,533,295
 

Two-Year Signal History
Date          Price   Signal $100
Became
08.27.10 227.63    Buy 941
08.20.10 237.78    Sell 941
08.16.10 234.90    Buy 930
08.11.10 243.91    Sell 930
07.30.10 238.06    Buy 907
07.27.10 241.55    Sell 907
07.20.10 221.64    Buy 833
07.14.10 230.45    Sell 833
06.25.10 225.87    Buy 816
06.01.10 232.25    Sell 816
05.25.10 225.56    Buy 792
05.14.10 246.07    Sell 792
05.12.10 242.34    Buy 780
04.27.10 264.60    Sell 780
04.20.10 257.59    Buy 760
04.13.10 263.27    Sell 760
04.06.10 263.46    Buy 760
03.31.10 255.45    Sell 760
03.29.10 252.11    Buy 750
03.25.10 255.62    Sell 750
03.23.10 252.60    Buy 742
03.19.10 253.61    Sell 742
03.11.10 249.80    Buy 730
03.08.10 251.11    Sell 730
02.25.10 233.97    Buy 681
02.23.10 238.96    Sell 681
02.09.10 218.29    Buy 622
01.11.10 256.99    Sell 622
01.04.10 239.44    Buy 579
12.29.09 243.71    Sell 579
12.24.09 242.01    Buy 575
12.17.09 237.84    Sell 575
12.09.09 228.85    Buy 553
12.04.09 236.89    Sell 553
11.25.09 235.84    Buy 551
11.19.09 239.48    Sell 551
11.16.09 232.09    Buy 534
11.12.09 232.61    Sell 534
11.03.09 213.06    Buy 489
10.20.09 234.01    Sell 489
10.06.09 213.90    Buy 447
09.21.09 226.33    Sell 447
09.03.09 197.78    Buy 391
08.24.09 207.44    Sell 391
08.19.09 198.90    Buy 375
08.17.09 204.58    Sell 375
08.13.09 204.16    Buy 374
08.10.09 206.09    Sell 374
07.31.09 193.23    Buy 351
07.29.09 192.06    Sell 351
07.14.09 166.08    Buy 303
06.30.09 175.41    Sell 303
06.24.09 167.07    Buy 289
06.12.09 192.41    Sell 289
06.09.09 184.25    Buy 276
06.05.09 188.82    Sell 276
05.29.09 178.78    Buy 262
05.21.09 179.16    Sell 262
05.18.09 166.98    Buy 244
05.13.09 175.14    Sell 244
05.08.09 173.28    Buy 241
04.28.09 158.03    Sell 241
04.22.09 153.85    Buy 235
04.20.09 158.37    Sell 235
04.09.09 148.65    Buy 221
04.07.09 151.80    Sell 221
04.01.09 140.38    Buy 204
03.30.09 146.36    Sell 204
03.11.09 123.08    Buy 172
03.09.09 116.11    Sell 172
03.04.09 114.58    Buy 169
01.30.09 141.97    Sell 169
01.27.09 139.86    Buy 167
01.22.09 142.36    Sell 167
01.15.09 138.71    Buy 162
01.09.09 156.13    Sell 162
12.26.08 140.45    Buy 146
12.19.08 147.49    Sell 146
12.16.08 146.10    Buy 145
12.11.08 151.11    Sell 145
12.08.08 132.87    Buy 127
12.01.08 144.29    Sell 127
11.24.08 123.97    Buy 109
11.03.08 169.84    Sell 109
10.29.08 155.10    Buy 100
10.22.08 171.81    Sell 100
10.20.08 168.09    Buy 98
09.23.08 269.71    Sell 98
09.11.08 259.24    Buy 94
09.09.08 268.16    Sell 94
08.27.08 293.86    Buy 103
08.15.08 293.90    Sell 103
08.13.08 286.91    Buy 100
08.11.08 289.91    Sell 100
08.06.08 288.54    Buy 100
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