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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 (-)

Friday, March 1, 2013

Two interesting tidbits

I thought this chart of gasoline and SPX is rather interesting.

Source

It would appear that gasoline prices at $3.80 have a negative affect on SPX.  From the same article they have this table with more details.


The five other instances of gas at these prices levels saw SPX negative 50 days later.  Will it be different this time?

I also saw an interesting article about the huge VIX spike we saw the other day.  Here is an interesting table in the article.

Next, we looked at all VIX surges of at least 30% and found the results for the SPX going out aren’t very bullish.  Returns out a week aren’t too bad, but going out more than that and it is tough to make a bullish case.
Source

It appears we have pretty good odds of seeing that 2/25 low retested if not taken out on the down side in the next few weeks.   There is a lot more information in that article you may want to read if you are interested in VIX pops.

Bob

1 comment:

Stock Tips said...

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