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

? 1/4/21

? 1/4/21

?+ 1/4/21

Short term

? 12/11/20

? 1/4/21

Up 11/24/20


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, February 7, 2017

Daily update 2/6

Still no buying interest at the highs.


This is the second day in a row of morning high and afternoon low.  While not every day, it is happening very much like we saw before the election.  It is really odd price action for a market at the  highs.  Breadth was -52%.  New highs were stable at 137.  Investors showed up to sell the upside gap in the futures.  There is still resistance here.


The futures failed again to break out of the channel.  They are close to rolling over.


The green count picked up a bit today, but remains below 50.  The intermediate indicator is a tad weaker.

Resistance is holding for now.  So we wait some more.

Bob

No comments:

Important

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