Author Archive
Downtrend – October 2, 2014
The market went into a new downtrend yesterday October 1st. The Nasdaq is well below its 50 day line for the first time since early April.
Uptrend – August 21, 2014
The last correction proved to be shallow and short. The market went into a new uptrend last week on August 13th.
Downtrend – August 5, 2014
The market went into a downtrend yesterday after a very long uptrend (since May 28th).
Uptrend – May 28, 2014
We went into an uptrend yesterday after two full months in a downtrend. This has been the longest downtrend since December 11, 2012.
Downtrend – March 27, 2014
The markets entered a new downtrend yesterday.
Uptrend – February 12, 2014
The market has rebounded strongly over the last few days and entered another uptrend yesterday.
Downtrend – January 30, 2014
After an extraordinary long uptrend, lasting 105 days, we entered a new downtrend yesterday. The Fed tapered its bond buying with another $10bn to $65bn. The market has been very strong for several months and the correction we have experienced over the last few days has been expected. The S&P 500 has corrected only 4%, but it has closed below its 50DMA over its last four sessions. It has closed below this average three more times during the past 12 months, and gone above it fairly quickly again afterwards. But that does not mean that it will happen again. There have been more days of heavy selling now than during those earlier cited instances.
Uptrend – October 17, 2013
The model switched to an uptrend yesterday.
Downtrend – October 9, 2013
The market corrected on huge volume yesterday and pushed with that the market into a new downtrend. The previous uptrend had by now lasted one month.
Uptrend – September 10, 2013
The market went into a new uptrend yesterday when the Nasdaq pushed to a new high.
