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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 (-)

Thursday, April 4, 2019

Daily update 4/4

Sleepy day.

Another pause day just above the Jan. 2018 high.  Maybe they are waiting for the employment report tomorrow.  Breadth was +61% as there was some strength in small cap stocks.  New highs dropped way down to 90.  That seems like a big tumble for a day like today.  New lows were stable at 10.

The futures are trading sideways.  Are they building a base or a top?

There was bursts of buying and selling today.  Neither side wanting to move the market very far.  I think I would have to say the market was churning.  If that were to continue in the days ahead it would be indicative of a top.  This close to earning season investors may be content to wait and see what happens before deciding whether to buy more or do some selling.


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