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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, December 27, 2013

2014 SPX poll result

What will SPX do next year?

Be up 10% or more
  3 (20%)
 
Be up less then 10%
  8 (53%)
 
Be down less then 10%
  0 (0%)
Be down more then 10%
  4 (26%)

So we have 73% bulls for next year.  I find it interesting that nobody expects a small decline.  Either we are positive or we have a big decline according to expectations.  I think this is probably correct.  With the Rusell2000 having a bubble valuation the overall bubble keeps expanding next year or pops.  A pop will very likely lead to a bigger then 10% decline in SPX in 2014.

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.