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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 (-)

Wednesday, January 22, 2014

Stock for 1/22 PHM

Lets have a look at the PHM daily chart.


PHM has been in a choppy uptrend for a few months.  It has pulled back from resistance, but is trying to find support at the Nov. peak.  If it can mount a rally from here it should test the recent high and possibly break out above it.   If that happens it could accelerate the up move.  If it breaks down here the 50 and 200 SMAs are just a bit below and should catch it.

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.