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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 (-)

Monday, July 25, 2016

Daily update 7/25 Bond market related articles

Another slight down day.


It is starting to look like we have an every other day a different direction pattern taking shape.  If that continues then tomorrow should be up.  Breadth was -60%.  New highs came in at 170. 


The equally weighted version of SPX made it to a new all time high, but has not pulled very far away yet.  It remains to be seen if the break out sticks or not.


The futures got above the 2168 resistance level again overnight, but failed to stay there.  This has proved to be a tough nut to crack so far.  The futures tested below the 20 SMA again today, but held.  A good place to rally from. 


The green count is holding steady so far.  A cross back above 50 should signal a new leg up. 

The FED meets on Wed. and the day before has been up most of the time in recent years.  The alternating day pattern also suggests tomorrow should be up.  Maybe the bulls will push through resistance this time. 

Here are some interesting articles on the bond market.
US Credit Conditions Drop to Worst Level since Q3 2009, Markets Soar
Is “Crexit” the Next Crisis?
Why this Spike Will Perforate Yield Chasers

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.