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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

Up 10/15/20

? 10/21/20

Up 10/13/20

Short term

? 10/19/20

? 10/19/20

? 10/19/20

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 (-)

Friday, January 3, 2014

TSO 1/3

I started out the Chart Practice site with historical charts that I wanted to keep separate from this blog with current charts.  However, I eventually wound up doing current charts.  There isn't any real reason to keep them separate so I will be doing the charts on this blog from now on.  The first one up is TSO.


TSO seems to be consolidating after a nice run to the upside.  It looks to be forming a symmetrical triangle and is approaching the apex.  An upside break out could test the summer high around 65.  That should be the higher odds resolution.  If it breaks to the down side there is the 50 and 200 SMAs to 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.