If you would like an email sent to you when I update the blog please send an email with "subscribe" in the subject line to traderbob58@gmail.com. To be removed use "unsubscribe".

Search This Blog or Web

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 10/15/20

? 10/21/20

Up 10/13/20

Short term

? 10/19/20

? 10/19/20

? 10/19/20


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, December 23, 2013

Daily update 12/23

A gap up and go nowhere day.  This may be the SOP for the rest of the year.  When there is little buying interest the easiest way to get the market higher is through overnight gaps.  The lack of selling interest was very evident today.  Intraday dips were tiny as buyers rushed in.  Here is the SPX daily chart.


There is not much to say here.  Unless we close below 1808 the bias is up.  Don't forget the market closes at 1 PM EST tomorrow.

Bob

No comments:

Important

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