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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 (-)

Thursday, February 21, 2013

Global recession?

In Metals heading lower? I wrote about how the industrial metals charts seem to be breaking down.  They did not seem to be confirming the optimism in the stock markets around the world.  I think this chart shows why the metals are tanking.

Source

The number of OECD countries with negative GDP has gotten to the point that it is highly likely we are in a global recession.  This is an interesting chart of how recessions are shared by multiple countries.

Source

Every time France and Germany have had a recession the U.S. has also had a recession.  Even though this graph does not show them in recession yet, the data is pretty convincing that they are.  The U.S. has increased taxes and seems to be about to cut government spending.  On top of that gasoline prices have sky rocketed lately.  We have some data that already signals we may be in a recession as I have shown on this blog many times.  The increased global trade has coupled the world's economies closer together then ever before.  The odds of the U.S. escaping this global weakness are very low I think. 

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.