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Trend table status

Trend

SP-500

R2000

COMPX

Primary

? 3/31/20

?- 3/31/20

Up 5/29/20

Intermediate

?- 5/29/20

?- 5/29/20

?+ 5/29/20

Sub-Intermediate

Up 4/20/20

Up 4/22/20

Up 4/17/20

Short term

Up 5/20/20

Up 5/20/20

Up 5/20/20

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, March 7, 2014

TLT 3/7

TLT is getting into an interesting location.  Here is the daily chart.


TLT is doing battle with its 200 SMA.  It formed a double top and has now pulled back to the 50 SMA and the area of the 2/12 low.  Will it make a double bottom and bounce again or break down?
This was a pretty aggressive retest of the low and lot of times those reverse.  It also started the year strong which can help to propel an asset further.  At any rate TLT has an important decision to make in this area.

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.