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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

Up 10/2/20

Up 8/21/20

Up 10/9/20

Sub-Intermediate

Up 1/20/21

Up 1/7/21

Up 1/19/21

Short term

Up 12/28/20

Up 1/6/21

Up 12/22/20


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, July 26, 2013

A tale of two earnings

Check out the charts of TRIP and EXPE and their respective reactions to earnings.


Both these companies are online travel sites.  They are basically in the same business.  What I find really odd is the price action before the earnings.  TRIP pulled back and consolidated as if investors were a little worried about earnings.  EXPE ran up as if investors were all excited about good earnings.  The exact opposite happened. 

Earnings disappointments are getting punished much more then we have seen in recent years.  I have seen quite a few beat up stocks this time.  I believe this indicates swing traders need to be cautious holding stocks through earnings.  The chart does not always tell the tale.  EXPE did not show any warning that such a severe shock was coming that I can see in the chart. 

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.