Scan Wizard™ poses the question: is the SPX rally losing steam?

The SPX has pressed mightily ahead since Dec. 1. When the optimized slow Force Index (here still positive 3.7 million) turns negative, Scan Wizard™ will go short. Are we close? Another potential warning sign is the unusually low volatility, at least for recent years, which Scan Wizard™ measures at 13.3% (100 DMA).

Our feeling is with the slow turn in employment, improvement in corporate profits, etc. the retreat may be only a classic 5% to 10% bull market correction, but that's still 60 to 120 points. Could we go back to 1210, or even 1150? So far the bull has mightily resisted any effort to rein him in. Stay tuned, meanwhile, we invite your free Scan Wizard™ trial.

Time	Last	Change	% Change	Slow Force(12)	L/S Force	P/L
7-Jan-11	1,271.50	-2.35	-0.18%	3,712,409,367	-	-
6-Jan-11	1,273.85	-2.71	-0.21%	6,480,216,769	-	-
5-Jan-11	1,276.56	6.36	0.50%	11,961,571,555	-	-
4-Jan-11	1,270.20	-1.67	-0.13%	6,821,729,210	-	-
3-Jan-11	1,271.87	14.23	1.13%	15,948,844,587	-	-
31-Dec-10	1,257.64	-0.24	-0.02%	4,028,670,501	-	-
30-Dec-10	1,257.88	-1.9	-0.15%	4,142,333,174	-	-
29-Dec-10	1,259.78	1.27	0.10%	4,994,736,185	-	-
28-Dec-10	1,258.51	0.97	0.08%	7,316,390,020	-	-
27-Dec-10	1,257.54	0.77	0.06%	8,690,868,649	-	-
23-Dec-10	1,256.77	-2.07	-0.16%	9,606,399,685	-	-
22-Dec-10	1,258.84	4.24	0.34%	11,227,631,560	-	-
21-Dec-10	1,254.60	7.52	0.60%	12,109,166,162	-	-
20-Dec-10	1,247.08	3.17	0.25%	9,774,479,404	-	-
17-Dec-10	1,243.91	1.04	0.08%	14,249,844,586	-	-
16-Dec-10	1,242.87	7.64	0.62%	25,362,403,019	-	-
15-Dec-10	1,235.23	-6.36	-0.51%	14,886,418,601	-	-
14-Dec-10	1,241.59	1.13	0.09%	19,292,469,457	-	-
13-Dec-10	1,240.46	0.06	0.00%	17,465,106,521	-	-
10-Dec-10	1,240.40	7.4	0.60%	24,782,592,298	-	-
9-Dec-10	1,233.00	4.72	0.38%	15,784,798,546	-	-
8-Dec-10	1,228.28	4.53	0.37%	13,582,022,169	-	-
7-Dec-10	1,223.75	0.63	0.05%	11,467,704,151	-	-
6-Dec-10	1,223.12	-1.59	-0.13%	16,779,695,900	-	-
3-Dec-10	1,224.71	3.18	0.26%	18,740,053,058	-	-
2-Dec-10	1,221.53	15.46	1.28%	15,660,536,203	-	-
1-Dec-10	1,206.07	25.52	2.16%	12,667,703,010	LONG	65.43
30-Nov-10	1,180.55	-7.21	-0.61%	-13,057,740,116	-	-
29-Nov-10	1,187.76	-1.64	-0.14%	-10,178,049,070	-	-
26-Nov-10	1,189.40	-8.95	-0.75%	-8,569,272,688	-	-
24-Nov-10	1,198.35	17.62	1.49%	-4,940,900,931	-	-
23-Nov-10	1,180.73	-17.11	-1.43%	-21,140,261,108	-	-
22-Nov-10	1,197.84	-1.89	-0.16%	-8,363,546,215	SHORT	-8.23