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Trend table status






Up 7/31/20

Up 1/29/21

Up 5/29/20


Up 10/2/20

?+ 4/23/20

?+ 4/30/21


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 (-)

Friday, March 17, 2017

Daily update 3/17

More nothing.

The lack of action could be due to an option week pin.  If that is the case it should be all over now.  Maybe next week the market will resume going somewhere.  Breadth was +57% due to strength in small caps.  new highs dropped a bit to 139.  Except for FED day this week was a non event.

The futures appear to be headed for the 20 and 50 SMA area again.  Not much new here.

The green count ticked up a bit, but nothing to write home about. 

The muted action this week might have been caused by the option configuration for expiration.  We will see if the lack of buying enthusiasm extends into next week or not.  If it does then we might really be in a corrective period.

This reminds me of the current stock market.  Complacency.

Have a great weekend.


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