If you would like an email sent to you when I update the blog please send an email with "subscribe" in the subject line to traderbob58@gmail.com. To be removed use "unsubscribe".

Search This Blog or Web

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

?+ 4/23/20

?+ 4/30/21

Sub-Intermediate

Up 3/29/21

? 4/5/21

?- 5/10/21

Short term

Up 4/1/21

Dn 5/10/21

Dn 5/4/21


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 (-)

Friday, August 10, 2012

August market direction poll results

Do you think SPX is

headed higher this month
  16 (42%)
 
headed lower this month
  22 (57%)
 

Votes so far: 38

Looks like the bears have the majority even though SPX closed at new rally highs.  We may have a good contrary indicator today.  One of the traders they interview quite often on Bloomberg said he was taking of his bear suit today.  Interesting.  The action today makes me want to put a bear suit on. I guess we will see what happens.

Bob

 

 

No comments:

Important

The information in this blog is provided for educational purposes only and is not to be construed as investment advice.