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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, February 5, 2014

COG 2/5

I featured COG on 1/31 as a stock that looked like it was ready for an upside break out.  Here is the daily chart.


COG did in fact break out yesterday on good, but not great volume.  However, it reversed course today.  That is a very poor response to a stock with a nice looking chart.  The break out hasn't quite failed yet, but sure is on the edge.  Failed cup and handle break outs usually lead to a sizable move down.  A close below yesterday's low is likely to send this stock down to at least the 50 SMA.  It may even mean this is making a very important top.

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.