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Trend table status

Trend

SP-500

R2000

COMPX

Primary

Up 7/31/20

?- 3/31/20

Up 5/29/20

Intermediate

Up 10/2/20

Up 8/21/20

Up 10/9/20

Sub-Intermediate

Up 11/10/20

Up 11/4/20

Up 11/9/20

Short term

? 11/18/20

Up 11/5/20

? 11/18/20


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 (-)

Friday, June 1, 2012

Global economy revisited

May was very unkind to globally economic sensitive markets.  Lets start out with the commodity index (CRB) monthly chart.


Looks like this chart speaks for itself.  Clearly the global economy is not getting better yet.  This chart looks like the slowdown may be accelerating.  How about a monthly chart of the infamous BRIC countries.


May was pretty brutal to those stock markets as well.  Last but not least is the poster child of cyclical stocks the last few years, good old CAT.


That was a pretty serious decline from the highs.  These charts are suggesting things around the world are still slowing down.  The recent U.S. economic data is also softening.   If the ECRI economist is correct it will only get worse.  We are still in risk off mode.   

Bob

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