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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 (-)

Thursday, December 26, 2013

Daily update 12/26

The famed Santa rally continues.  Here is the daily SPX chart.


I don't see anything better for a bull/bear line then 1808 at the moment.  The move is pretty straight up and breadth and new highs are strong.  There should be little desire to sell at this time of year.  Why sell now when waiting until Jan. prolongs the tax bill for a year.  There seems to be enough rally chasers to push prices higher.  As long as they continue to show up we could do the slow grind higher into year end.

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.