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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 8, 2014

Kors 1/8

Here is the daily chart of KORS.


KORS has a possible head and shoulders top, but it formed right on top of potential support from a prior resistance area.  It broke below the neckline today.  It also came in contact with its 100 SMA.  Funds that hold this stock have to make a decision here.  Do they buy more to support it or bail out.  If it finds support and climbs back above the green line it should have reasonable odds of testing the high.  If the 100 SMA fails to hold as support this stocks seems likely to head down to the 200.

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.