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Trend table status

Trend

SP-500

R2000

COMPX

Primary

Up 7/31/20

Up 1/29/21

Up 5/29/20

Intermediate

Up 10/2/20

?+ 4/23/20

?+ 4/30/21

Sub-Intermediate

Up 3/29/21

? 4/5/21

?- 5/10/21

Short term

Up 4/1/21

Dn 5/10/21

Dn 5/4/21

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

GLD 12/23

GLD finally retesting the summer low.  Here is the daily chart.


GLD is at the lower channel trend line and potential support from last summer.  Is there enough support here for a decent bounce?  It seems like there could be, but we need to see more upside first.  I would not make any prognostication about the long term here either.  This could make a long term bottom or GLD could bounce from support and still end up rolling over and going lower.  That is a tough call.  However, in the short term this is a possible decision point.

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.