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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

?+ 9/25/20

Up 8/21/20

?+ 9/18/20

Sub-Intermediate

?- 9/15/20

Dn 9/11/20

Dn 9/21/20

Short term

? 9/4/20

? 8/18/20

? 9/4/20


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 (-)

Monday, February 11, 2013

GLD and GDX

It has been a while since I checked in on these ETFs.  Lets start with the daily GLD chart.


GLD is resting in between the 50 SMA, the down trend line and the 200 SMA.  It is running out of wiggle room in between these lines so a decision has to be coming soon.  Since it appears to be consolidating just below the down trend line I would think it would be to the upside.

Here is the daily GDX chart.


GDX is testing the lows from last summer.  Unfortunately this one is hard to tell if it has more down side testing to do or not.  If GLD breaks out to the upside it might help GDX.  Until that happens there is always a chance GLD might go the other way.  I think GDX is in limbo here at the moment.

The dollar index is looking a little bullish also.  Here is the daily chart.


DXY may be working on a big W bottom type pattern.  It seems unlikely it and GLD will both go up together unless it is different this time.  I guess we will find out how this situation will play out before too long.  It looks like GLD must make a decision fairly soon.


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.