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






Up 7/31/20

Up 1/29/21

Up 5/29/20


Up 10/2/20

?+ 4/23/20

?+ 4/30/21


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 (-)

Friday, January 17, 2014

Joy 1/17

Lets take a look at the daily chart of JOY.

JOY recently had a golden cross where the 50 SMA crossed above the 200 SMA.  It has done some jerking around trying to decide if it likes life on the upper side of the 200 or not.  It crossed above the 50 SMA again the other day and is now deciding whether it likes it there or not.  Should JOY start up again from above the 50 it should test the recent high.  If it can break out above the highs from late last year it should complete a change of character into a primary uptrend.


No comments:


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