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

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 (-)

Wednesday, March 15, 2017

Daily update 3/15

Nothing like a rate hike to spark some buying.


We finally got the bounce off the 20 SMA.  Breadth was +84%.  That probably qualifies as panic buying.  I can't imagine what the panic was about though.  New highs increased to 156.  New lows dropped way down to 26.


The futures are testing the upper channel line.  Will they break out and continue on or not?


Pretty good pop in the green count today, but it remains below 50.

FED day moves are notoriously fickle.  Sometimes they reverse in the next day or two.  We will just have to wait and see if SPX can get above 2400 or not.

Here are a couple of articles mostly on valuation sent in by a friend (tnx Manny).
“In the Short Run, It’s Very Difficult to See When to Bail Out”
Blue Skies

Bob

No comments:

Important

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