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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, February 24, 2014

TLT 2/24

Lets have a look at the daily TLT chart.


TLT had a nice rally to start the year.  It has pulled back some, but appears to be trying to form a short term double bottom in this area.  If it can hang in here it should bounce to new rally highs.  A move above yesterday's high might be enough to get the bounce going.

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.