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






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 (-)

Wednesday, September 19, 2018

Daily update 9/19

SPY option resistance holds again.

The bulls really tried to push SPX higher today.  SPY made it slightly above 291.5, but was repelled.  The bulls tried again in the last hour, but failed again.  Breadth at 10 AM was +58%.  At the close it was -55%.  There was clear rotation going on as the sectors were mixed.  XLF had a very strong day along with GDX and XLB.  Tech and small caps were weak.  New highs contracted to 72.  New lows contracted to 92, but were still higher then the new highs.

The futures got slightly above yesterday's high, but failed to stay there.  So far option resistance has been like a brick wall.

The green count went sideways today, but the red count picked up a bit. 

SPX is right near its high, but COMPX and R2000 are not.  R2000 is even slightly below its June high.  The market still appears to be having trouble getting itself together to go up.  So we wait and see what happens.


1 comment:

sandeep capitalstars said...

Never stop investing, never stop improving, neveer stop doing something new Free Commodity tips


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