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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 1/20/21

Up 1/7/21

Up 1/19/21

Short term

Up 12/28/20

Up 1/6/21

Up 12/22/20


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 (-)

Tuesday, November 8, 2016

Daily update 11/8

I guess the market is rethinking the Hillary is going to win theme of the last two days.  Here is a look at the futures at 10 PM eastern time.


The early returns are coming in much better for Trump then expected by the "experts".  I mentioned last night I did not believe the polls were accurate.  That may turn out to be the case.  The futures are down another 10 points as I write this.  Maybe some more results have come in. 

SPX hit is 50 DMA today.  Obviously the election is the key thing so we will just have to see what develops overnight.  The longer I write the more the futures are heading lower.  Looks like the market is now predicting a Trump win.  Tomorrow is likely to be an interesting day.

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.