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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

? 1/4/21

? 1/4/21

?+ 1/4/21

Short term

? 12/11/20

? 1/4/21

Up 11/24/20

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 (-)

Tuesday, December 10, 2013

TLT 12/10

I recently wrote that TLT was in a major decision area.  Lets have a look at the weekly chart.


TLT has been bouncing off 102 support since last Aug.  It now appears to be coming into the apex of a triangle.  Will it break the upper trend line and rally or break support?  That remains to be seen.  The volume pattern on this weekly chart does not look particularly bullish to me.  However, I think there is quite a lot of bond shorts.  If it breaks the upper trend line there could be a significant short squeeze.  It appears a decision is getting close at hand.

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.