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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 (-)

Wednesday, January 29, 2014

BHI 1/29

This is kind of an interesting chart pattern.  Check out the daily chart of BHI.


It jumped above its 50 SMA on a surge in volume.  While the market has been busy plunging this stock has been consolidating that move.  If this stock can get going on the upside again it could test the highs from last fall and possibly break out above them. 

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.