Weekly TimingCrystal TC Timer Nudges Lower
19-January-2007
Vancouver, Jan 19, (TimerTrac.com Broadcast) – A gauge of current stock market timing weakened in the last week, a stock market timing firm said on Friday.
Teabull Asset Timer Ltd, an independent stock market timing firm, said its TimingCrystal weekly closing TC Timer Index fell to a somewhat bullish level of -18.86 pts in the week ended January 19, 2007 from - 29.32 pts in the prior week. (TC Timer Index stock market timing readings are strongest at high negative levels). TimingCrystal’s TC Timer is made up from a combination of Primary Trend, Sentiment, and Interest Rate and Valuation measures.
“The TC Timer ticked slightly lower but remains in bullish negative (strong) territory. Although the Nasdaq took a hit of over 2% this past week, other more diversified Indices closed relatively unchanged from the previous week's close. 4th quarter S&P 500 Corporate earnings have come in at around 14% so far and continue to surprise to the upside. However, we do note that some firms are revising downward, their 1st quarter 2007 earnings projections, hence the sell-off in some Company's shares after their reports have been released.", said Anthony Waller, President of Teabull Asset Timer Ltd.
The decrease in the strength of the TC Timer was due to a combination of slightly lower Primary Trend and Sentiment readings coupled with marginally higher long-term Interest Rates. These were offset to a very small degree by better Valuation readings. Waller said.
