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

?+ 9/25/20

Up 8/21/20

?+ 9/18/20

Sub-Intermediate

?- 9/15/20

Dn 9/11/20

Dn 9/21/20

Short term

? 9/4/20

? 8/18/20

? 9/4/20


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 (-)

Friday, June 14, 2019

Daily update 6/14

More consolidation.


SPX tested below yesterday's low three times this morning, but the dip buyers showed up each time.  Breadth was -58%.  New highs were 132.  New lows picked up to 72.  The high number of new lows is a bit odd.  Volume remained subdued in another day of consolidation. 


The futures continue to consolidate.  The 20 SMA caught up to price on the last bar.  Will that push the market higher on Monday?

Bad earnings news in the semi sector (SOX -2.6%) put a bit of a damper on the bulls enthusiasm.  However, the market held up despite multiple tests below yesterday's low.  The market still acts like it wants to go higher.  There is an underlying bid at the moment.



Have a great weekend.

Bob

1 comment:

Unknown said...

This is the best recommendation for working in share market tips
Free share market tips

Important

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