Weekend reading should include these analysts

Folks, the weekend reading is as interesting this time around as it's ever been! Be sure to check back later this evening for Andre Gratian's weekend report - because I'll have to post it a bit later on (in a few hours), and you won't want to miss it! Meantime, here are links to other analysts whose comments you'll want to review:

Technical Market Report for May 1, 2010 | Mike Burk | Safehaven.com
(5/1), at http://www.safehaven.com/article/16624/technical-market-report-for-may-1-2010.

Market 'Up Thrusts' vs. Declining Volume Readings | Marty Chenard | Safehaven.com
(4/30), at http://www.safehaven.com/article/16606/market-up-thrusts-vs-declining-volume-readings.

Market Update | Tim Wood | Safehaven.com (4/30), at http://www.safehaven.com/article/16620/market-update.

Terry Laundry's T Theory™ Observations: Terry Laundry's Weekly T Theory™ Observations for May 2 2010, at http://www.ttheory.com/

T Theory™ Observations for Sunday May 2 2010 Sunday's topics summarizes my comments regarding questions emailed to me and further analysis of the equity market using the Volume Oscillator Chart below and Parker's interpretation of my T Theory Confidence Indicator™ that follows.

Alvis says:

Terry, your point is very important in that we need to wait to see where the new short range T's center post low actually will go. For it to project the August 26 peak,it will need to go about June 4th. For that to happen would probably mean a mild osc. break of the Cash Build. Up line into May 20 and then collapse back under it with a low about June 4 and then base out until the June 20 "low". I just wanted to share this with you before you did your work for the Sunday review.

Jeffery says;
I am always looking at previous bull markets to see if I can find any type of similarity and stumbled across this yesterday while doing T work trying to figure out strong runs like the one we have been having that keep defying conventional wisdom.

Each topic has its separate Audio file. Pull up a chart or print it, then start the audio separately. Higher resolution PDF charts are usually supplied at the link following the chart images below. You may download the charts and print them for your collection. Overview: The Four PIGS Story Audio Commentary Download TTO20100502 TheFourPIGS

Current projections from the Short Term Volume Oscillator Chart

Commentary for Short Term Topic Download TTO20100502ShortTermProjections

For higher Quality chart Download SRTvowave20100430pdf

Parker's 4 Daily Charts of the T Theory Confidence Index™ vs The S&P 500 Equity Benchmark

Audio Commentary for the Confidence Index Download TTO20100502TTheoryConfidIndex

T Theory Confidence Index Divergence projects major 2000 Peak

T Theory Confidence Index Divergence projects major 2002/03 Low

T Theory Confidence Index Divergence projects major 2007 Peak

T Theory Confidence Index Divergence projects major 2009 Low

No PDF file is available for these four charts. I will begin to provide updated versions of this chart over the near term.

This is the end of the Sunday May 2 2010 T Theory Observations. Thank you for checking in.

Send any comments or requests to me at the envelope link below.

Each Sunday, unless otherwise noted, I post my observations here by Sunday afternoon. When I post the Charts on Saturday don't email me questions until the full Sunday presentation is finalized.

And don't forget to check Terry Laundry's daily updates, posted mornings Tuesday-Friday and on the weekends (for Monday):

T Theory™ Foundation: T Theory™ Daily Updates, Forecasts, Charts and Data at http://www.ttheoryfoundation.org/t-theory-calculations.html

I expect the market will decline early next week bringing the Advance-Decline Oscillator to the zero level or somewhat lower. Details on the regular T Theory Observations this Sunday.

And - last but not least:

Monday Morning Outlook: Goldman Sparks Sell-Off, Ending DJIA's Eight-Week Streak, at http://www.schaeffersresearch.com/commentary/observations.aspx?ID=99586

The eight-week rally came to a screeching halt this past week. If you're looking for a silver lining, the Dow Jones Industrial Average managed a weekly close above 11,000 -- but just barely. Looking ahead, Ryan Detrick, Senior Technical Strategist, is sitting in this week for Todd Salamone. Ryan sees some short-term concerns at hand, but emphasizes that he remains extremely bullish in the long term. Next, Senior Quantitative Analyst Rocky White takes another look at the record of Wall Street analysts. Last week, Rocky looked at their performance over the past year; he takes a longer-term approach this week. Finally, we wrap up with a look at some key economic and earnings reports slated for release this week.