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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 (-)

Tuesday, February 5, 2019

Daily update 2/5

Almost there!

SPX closed four points below the 200 SMA.  Volume was light again.  There was a bit of selling mid day, but dip buyers rushed in to snap up the bargains.  Breadth was +60%.  New highs picked up a bit to 98.  New lows remained low.

The futures remain above the upper channel line.  Creeping higher.

The market is ignoring any bad news.  Don't mistake that for a lack of bad news.  The global economic data is still poor and getting worse.  Currently it does not matter.  However, the market is famous for flip flopping on a dime.  Some day it might matter again.  There really is nothing more to say until the market stops going up.


1 comment:

Unknown said...

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