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

?+ 6/30/20

?- 3/31/20

Up 5/29/20

Intermediate

? 6/5/20

? 6/5/20

Up 6/5/20

Sub-Intermediate

?+ 7/6/20

?- 7/7/20

Up 7/2/20

Short term

Up 7/6/20

? 6/11/20

Up 7/2/20

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 (-)

Wednesday, March 18, 2020

Update 3/18

SPX took out the Dec. 2018 low and fell somewhat lower.  However, it bounced going into the close and ended the day above that low.


There is a possibility the Dec. low holds for now and causes a bounce.  It is along ways down to the next support level so that would be a good thing.


The futures show the break below the recent lows and recovery back into what looks like a consolidation.  This is the best looking bounce setup yet.  Will the bulls step through the door?

What I am looking for as a good indicator of a short term bottom is for the VIX to plunge at least 13% in one day.  We have had several big bounces, but the VIX did not meltdown on any of them.  It is up to the bulls now.

Peace and good health to all.

Bob
Posted by at

1 comment:

Phani Kumar said...

Hey, Thanks for sharing this Tips About Financial Planning. I just see your blog and impressed. Keep the same alltime. Cospower Engineering Ltd IPO.

March 21, 2020 at 5:30 AM

Post a Comment

Subscribe to: Post Comments (Atom)

Important

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