New Article Published on Seeking Alpha

http://seekingalpha.com/article/277125-the-current-short-term-long-term-market-view

I've published a new article on seeking alpha regarding the short term and long term market outlook. Enjoy!

Stock Market Update for 04-17-2011

Price momentum is down, but traders should wait a day or two before building a short position as the market has some short term rally potential. Our stop is a daily close above 1327.

http://www.youtube.com/watch?v=L56W-uyUHus

Stock Market Update 04-13-2011: Continued Sideways Action Ahead

Market Update April 12, 2011

April 11, 2011 - Video Post

I go over some indicators as well as Demark sequential.

DeMark - Where to Set Your Stop

Per Jason Pearl's interpretation of DeMark's methodology, the Dow Industrial Index sell signal would get stopped out with bar 13's range added to the top tick of bar 13. So a close much over 12,097.90 would stop out the sell signal. 1.618 times the range is 12,168.95, a more lenient stop, but obviously adding to your risk level. That being said it's so rare to have a monthly, weekly, and daily sell signal line up almost perfectly in all the major indexes...

Breakdown

I've been detailing the bearish technical conditions in the market for the past few weeks now, and with Friday's strong close down, which qualified as a bearish price reversal (a close below .8 standard deviation from the 10 day moving average) in all the major indexes, I believe the correction I've been anticipating is now occurring. Judging by the extremes in sentiment and the long running divergences in breadth, the correction could be very significant.

In my last post I noted the Dow Non-Confirmation as well as the other riskier indexes breaking down ahead of the Dow Industrial average. Despite the strong move up Wednesday and Thursday, none of the secondary indexes managed confirm the Dow's high, in fact Friday the Transportation and the Nasdaq indexes managed to break the last swing low, with the Russell following close behind.

Chart 1: Dow Theory

So for now, with the sentiment extremes, the momentum extremes, the divergences in breath, and now mechanical signals telling us to sell the market, a very negative view is appropriate until at least some of these signals reverse.