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Trend table status
Trend
SP-500
R2000
COMPX
Primary
Up 7/31/20
Up 1/29/21
Up 5/29/20
Intermediate
Up 10/2/20
?+ 4/23/20
?+ 4/30/21
Sub-Intermediate
Up 3/29/21
? 4/5/21
?- 5/10/21
Short term
Up 4/1/21
Dn 5/10/21
Dn 5/4/21
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, April 25, 2014
GLD and GDX 4/25
These charts look like they are trying to make a higher level double bottom on the daily. Check out the charts.
If they succeed a test of the high should be in the works. The risk reward looks pretty good here.
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