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Trend table status






Up 7/31/20

Up 1/29/21

Up 5/29/20


Up 10/2/20

?+ 4/23/20

?+ 4/30/21


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 (-)

Wednesday, February 10, 2016

Daily update 2/10 Thoughts from Axel Merck on the FED

No save from Yellen.

The market gapped up this morning on strength in Europe.  However, not even Yellen could keep it positive.  Sellers were relentless in hitting the bids.  Around 10:30 the breadth was +79%, but by the end of the day it was only +51%.  Nothing positive going on yet.

The futures are still consolidating just above support.  This still looks like it wants to go lower to me.

This market looks extremely heavy.  The trends are all down.  A full test of the Jan. low still looks like the higher odds scenario.  If that happens we will have to see how the market reacts.  Until the bulls demonstrate the ability to hold on to a rally there is not much to talk about on the upside.

Here are some interesting thoughts on the FED.  Clueless Fed?!


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