If you would like an email sent to you when I update the blog please send an email with "subscribe" in the subject line to traderbob58@gmail.com. To be removed use "unsubscribe".

Search This Blog or Web

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 (-)

Thursday, July 30, 2015

Daily update 7/30 The Summation Of All Fears

The bulls held the market up, but could not make an y progress.  Will they be able to hold it up long enough to keep going forward?


Both  price and breadth ended the day dead even.  New highs outpaced new lows for a change 85 to 77.  I guess today did not tell us much.


The futures did not make the higher close yet so we don't have confirmation of a break above the 18 SMA.  Will we or won't we roll over from here?

I think the bulls need to show up tomorrow to keep the party going.  The ice is pretty thin here.  A close below today's low is likely to bring the sellers back out. 

This is a pretty interesting piece of research.  The Summation Of All Fears  This chart and table are from the article.



That is a pretty good track record of spotting bear markets.  It nailed all three we have had since 1970.  I do not consider 1987 a true bear market.  The low was made just a few months from the high.  This backs up my research that indicates we are on the cusp of a bear market.

This is an interesting article a reader sent in.  Market is Thinning Out  That one contains this amazing graphic.


That seems a little out of balance doesn't it?

Bob

No comments:

Important

The information in this blog is provided for educational purposes only and is not to be construed as investment advice.