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Trend table status

Trend

SP-500

R2000

COMPX

Primary

Up 7/31/20

Up 1/29/21

Up 5/29/20

Intermediate

Up 10/2/20

Up 8/21/20

? 3/26/21

Sub-Intermediate

Up 3/29/21

?- 4/5/21

? 4/1/21

Short term

Up 4/1/21

Up 4/5/21

Up 4/1/21


Don Worden of Worden Brothers (makers of Telechart software) used to keep a trend table before his health issues got in the way. I always found it useful. Mine is slightly different. Hopefully helpful. Up? or Dn? means loss of momentum. ? by itself means trend is neutral. ?+ or ?- means trend is neutral with bias of up(+) or down (-)

Monday, April 23, 2012

SPX 195 minute update and VIX

The big gap down took SPX well below the uptrend channel lower trend line this morning.  Check out the chart.


SPX also closed below the key 1370 level, but not by much.  We got very close to the 4/10 low before the slow grind up started.  There was clearly no panic selling today.  It is also clear there are still dip buyers in this area.  The market is trying to hold support here.  We have had plenty of big gaps in both directions.  I think staying nimble is the best way to go.  Volatility appears to be picking up and so is the downside risk.  Check out the VIX chart below.


It looks like the VIX is trying to turn up on this weekly chart.  This bears watching, but at this point it is unclear if this is just a short term blip or the real deal.

Bob

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