The Score chart indicated a market top on 6 & 7 March and has been headed south since.Each of the previous six times over the past two years when it has peaked over 70, the market has had a significant pull back over the next 60 days.

The High Growth Stock Relative Strength Summary chart is telling the same tale, but over a longer time frame. Each of the four times it has had an excursion over 1600, the market has had a significant pull back. Since it is less frequent that the Score indication, but is happening at the same time, it makes this latest peak even more convincing as a market top.

The Diamond Jim Market Timer also headed down to support this past week and could easily give a confirmed sell signal by the end of this coming week. Keep in mind, it is always the last indicator to turn.

Theses market peaks are an excellent time to sell calls on your positions. For those looking to buy dividend stocks or start an AIM portfolio, you may have your best opportunity of the year with this next market low. Pay attention. Time, and the market, wait for no man (or woman). I expect the first stop for the S&P 500 to be in the 1,770 area, followed by a test of the 1,740 level.