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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 (-)

Wednesday, September 12, 2012

Daily update 9/12


SPX made a little progress today.  The COMPX did not retake the break out level yet.  Here is the daily SPX chart.


So far the 1440 resistance area has been a bit of trouble.   Not too surprised.  Everybody is waiting on the FED tomorrow.  I suspect we will know a lot more after that. One of two things is going to happen here.
Either more indexes are going to break out, or the ones that did are going to fail.  The bulls are loud and vocal, but the market has not followed through on the upside in any significant way.  Failure is still an option.


Chart practice has been updated with CSCO the stock today.
http://traderbob58-chart-practice.blogspot.com/

Bob







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