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 (-)

Tuesday, June 18, 2019

Daily update 6/18

Bulls show up on cue.

The market gapped up and was helped when Trump tweeted about a meeting with Xi at the upcoming G20 summit about 10 minutes after the open.  Breadth was +69%.  New highs picked up to 231.  New lows dropped back to 27.  This was the heaviest volume in a while.

The futures popped above the recent high and held on all day.

The green count turned back up and recrossed 50.

It appears SPX is resuming the up move after a brief consolidation.  I don't know what happens tomorrow with the FED meeting, but unless the selling pressure really picks up SPX should be on its way to test the highs.


1 comment:

Unknown said...

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


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