Market Outlook (MO)...

Over the past few weeks I've been working on a system that monitors the overall trend of the market. I'm calling it the Market Outlook or MO for short. The MO will give the short term and long term trends of the market, as well as, an overall outlook of the market. These three values will tell us when we should be trading and when we should be sitting on the sidelines. It will also give us an idea of when the market has stretched too far in either direction -- basically, when the rubber band will snap back.

To recap:

Market Outlook (MO)

• Short term trend
• Long term trend
• Overall outlook of market
• When the market has stretched too far to either side

The goal is to be able to get an overall feel of the market in 10 seconds or less by looking at the MO.