Market observations to prepare for an important week starting April 26

Dear readers - once again I'm tied up in business meetings on a Sunday (this time from 1 to 10 pm!). So from lovely Sawgrass, Florida (yeah - not bad!), I'm blogging up some thoughts and references to other analysts to help you prepare for the upcoming week. First, Andre Gratian has just released his weekend report to subscribers. Technical constraints don't let me copy it in with my traveling blogging method (iPhone), so you should be sure to read it closely. If you're not already a subscriber, check his Turning Points site in the list at right (maybe you can get at least a free trial). Andre seens the upcoming 10 days as critical, with a number close to Tony Caldaro's SPX 1222 pivot. And later in June-July, the potential for significant weakness - but I'll be able to post his full newsletter later this week or certainly next weekend. Meantime, here's his hourly chart as of mid-day Friday:

Next I'll share some links to others that my readers might like to review this weekend:

I Have Just Hedged My Equities By Going Long Volatility | Prieur du Plessis | Safehaven.com (4/25) at http://www.safehaven.com/article/16532/i-have-just-hedged-my-equities-by-going-long-volatility

This is Important ... | Marty Chenard | Safehaven.com. He makes important points about bond yields in this 4/22 article,
which is good because we've been on watch for weeks regarding bond
prices and yields. http://www.safehaven.com/article/16521/this-is-important-

Monday Morning Outlook: DJIA Cracks 11,200, And Extends Rally to Eight Weeks (4/24).

Here's their intro paragraph:

The Dow Jones Industrial Average spent the week knocking on the door of 11,150, and on Friday walked right through. The Dow extended its eight-week long rally by climbing another 1.7%. Looking ahead to next week, Todd Salamone, Senior Vice President of Research, looks at several indicators that all seem to suggest that the market's upward momentum remains intact. Next, Senior Quantitative Analyst Rocky White analyzes the track record of Wall Street analysts over the course of the past year (it's not a pretty picture). Finally, we wrap up with a look at some key economic and earnings reports slated for release this week.

A constant favorite of course:

Terry Laundry's T Theory™ Observations: Terry Laundry's Weekly T Theory™ Observations for April 25 2010, at http://www.ttheory.com/

You should also check his daily updates each morning. Here's his Sunday, April 25 set of remarks:

T Theory™ Observations for Sunday April 25 2010 Today's topics summarizes my comments regarding questions emailed to me and further analysis of the equity market using the AD Oscillator Chart below and the T Theory Confidence Indicator™ that follows.

Each topic has its separate Audio file. Pull up a chart or print it, then start the audio separately. Higher resolution PDF charts are also supplied at the link following the chart images below. You may download the charts and print them for your collection.

James wrote: Terry, after reading your T THEORY FOUNDATION update of April 21, your expectations look correct. There is a 13 Week Cycle Low due April 29th to May 5th, so that might be the timeframe for the sharp drop you are expecting (with the 18 Day Oscillator at the Zero Line). The last two 13 week Cycle Lows occurred on November 2, 2009 and February 5, 2010.

Current AD Line vs the Advance-Decline Oscillator topic:

Commentary for ADO Topic Download TTO20100425ADO commentary

For a higher resolution of the above Chart Download SRTado20100423pdf

The T Theory Confidence Index™ vs Barrons Confidence Index topic

Audio Commentary for the Confidence Index Topic Download TTO 20100423confidenceIndex

For a higher resolution chart Download TheoryConfidenceIndexpdf

ASIC's Best Bond™ topic

Audio Commentary for Best Bond™ Topic Download TTO20100423BestBond

No PDF file is available for the above chart but click on the image for a clearer picture.

This is the end of the Sunday April 25 T Theory Observations. Thank you for checking, Send any comments or requests to me at the envelope link below.