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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 (-)

Monday, January 6, 2014

LEN 1/6

Here is the daily chart for LEN.


LEN broke out of a protracted trading range on high volume.  It is now coming back in to test the top of that range.  Should that test be successful LEN might test the summer highs in the 44 area again.  If the test fails then LEN might be headed for a test of the fall lows.  Failed break outs can lead to big moves in the other direction.

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.