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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

?+ 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, November 16, 2012

Intermediate trend change

The intermediate trend is still neutral, but is tilted towards being bearish.  This is something that did not happen in the pullback into the June low.  This shows we have a bit more technical damage so far this time.  We will have to see what happens now.  If the market mounts a rally from here, this weeks low is very important.  A weekly close below it could increase selling pressure significantly.

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.