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

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 (-)

Tuesday, March 22, 2016

Daily update 3/22

We have all this wonderful technology that makes life much easier than the old days.  However, days like today really make me glad I grew up when I did.


SPX lost a little altitude today.  Breadth was slightly negative.  SPX tested the 3/18 high both days this week, but was unable to close up there.  We have clear resistance here at least for the moment.  Volume was very light suggesting a lack of participation.  Once again many investors are sitting around waiting for somebody else to go first.  Still in the holding pattern.  Closing below the 3/18 low (2041) might spark some selling.  Not much else to say.  Just waiting to see what happens.

I would like to apologize for not keeping up with the trend table last week.  The COMPX resumed its short term uptrend on 3/16 and I failed to update the table.  In my defense the weather has been absolutely beautiful and I have been busy getting some outdoor work done.  That made me a little tired some nights when I sat down to write the update.  I realize that is not a good excuse, but its all I got.  Sorry.

Bob

No comments:

Important

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