S&P 500 Index update 09-21-2020

The S&P 500 Index as of the close on Friday September 18th:

  • has crossed from above to below our medium term trend investing indicator
  • has crossed from above to below our long term trend investing indicator
  • and, The Index has faded the all time high of last February

As of today, intraday:

  • The Index is trading below last weeks’ low
  • and, The Index is trading below last months’ low
  • and, the volume breadth indicators are very weak

This is pure trend investing. No forecasts, no predictions. No news. No fundamentals.

Blog comments welcome.

S&P 500 Index weekly 09-15-2020

The index (SPX) today closed at $3,401.20 In an ongoing bull market, last weeks’ high, as indicated on the stock chart below, was $3,426. In the context of trend investing, we want to see the price close over that at the close of this week. The index is continuing to maintain a trend filter in excess of a 20% annualized rate of growth over a 200 day moving average.

Comments welcome.

S&P 500 Index (SPX)

S&P 500 Index end of week 09-04-2020

After the close Sept. 4th, 2020. We can see the S&P 500 Index (SPX) today sold off hard intraday, reversed and rallied, and bounced off the virus high from back in February. If it can maintain this level, we might see develop a cycle inversion. A re-test would be expected. That reversal number is $3,409 The market remains Bullish. This is trend investing – not forecasting.

S&P 500 Index

cannabis stocks trend investing update 08-10-2020

We’re analyzing the cannabis and marijuana industry stocks on a relative strength basis. We’re looking at 2 relative strength benchmarks – 50 day ma of 20% annualized rate of growth, and 200 day ma of 20% annualized rate of growth. The analysis measures the percent difference of the stock vs the 50 day ma rate of growth, and, the percent difference of the stock vs the 200 day ma rate of growth. The 50 day is weighted at 30% and the 200 day weight is 70% of the Trend Score. All these stocks are US Listed on Nasdaq/NYSE (not OTC stocks). These are pure play cannabis and marijuana stocks. Included in the analysis is the Nasdaq 100 Index ETF (QQQ), the S&P 500 Index ETF (SPY), and the Gold Miners Index ETF (GDX).

This is pure trend investing analysis. No predictions, no forecasts. No personal opinions, no stock fundamentals, no economic fundamentals, no news, no social media, no teevee.

Blog comments welcome.

SymStock50 day % diff200 day % diffTrend Score
YCBDcbdMD Inc1587.465.68
GRWGGrowgeneration Corp33.46656.22
GDXVanEck Vectors Gold Miners ETF15.828.624.76
IIPRInnovative Industrial Properties Inc8.931.524.72
ARNAArena Pharmaceuticals18.216.116.73
NEPTNeptune Technologies and Biores11.113.412.71
QQQInvesco QQQ Trust8.71412.41
VFFVillage Farms International Inc3.313.510.44
GNLNGreenlane Holdings Inc17.16.69.75
CRBPCorbus Pharmaceuticals Holdings14.868.64
APHAAphria Inc3.311.69
SPYSPDRs S&P 500 Trust ETF-1.720.89
GWPHGW Pharmaceuticals Plc7.8-6.3-2.07
NTECIntec Pharma Ltd-8.9-0.1-2.74
CGCCanopy Growth Corporation-9.2-6.2-7.1
CRONCronos Group Inc-6.7-18.5-14.96
ZYNEZynerba Pharmaceuticals Inc-14-20.5-18.55
OGIOrganigram Holdings Inc-27.4-40.9-36.85
TLRYTilray Inc-39.9-41.5-41.02
HEXOHexo Corp-38.7-42.7-41.5
ACBAurora Cannabis Inc-38.5-49.6-46.27

Gold Miners Index trend investing update 08-07-2020

The Gold Miners Index (GDM) trading today at $1,198 down apprx. 7% from the high on July 5th of $1,271.97. The index is trading well in excess of our benchmark trend filter of 20% annualized rate of gain over a 200 day moving average. Looking at trend line analysis over the past 128 days, there is support at (lower trend line) at $1,82.

Blog comments welcome.

Gold Miners Index (GDM)

S&P 500 Index trend investing update 07-17-2020

The S&P 500 Index (SPX), today midday, trading at $3,220, is, once again, running into solid resistance at $3,236, ..as shown on the stock chart below. The stock index, since June 8th, has tagged $3,236 at least 3 times and failed. A close over $3,236, Weekly or Monthly, would indicate a Bullish Trend continuation.

The index continues to trade under the trend investing benchmark filter of 20% annualized rate of gain over a 200 day average – also known as CAGR – Compound Annualized Rate of Growth.

Blog comments welcome.

S&P 500 Index (SPX)

S&P 500 Index trend investing update 07-09-2020

The S&P 500 Index (SPX), today midday, trading at $3,142, is, once again, running into that resistance at $3,155, ..as shown on the stock chart below, .. as noted before. Today is the 6th time it has tagged $3,155 and failed. Of course the mass media geniuses are assigning causality of the selling today to the tax documents. How do they explain the 5 previous failures to break out?

The index continues to trade under the trend investing benchmark filter of 20% annualized rate of gain over a 200 day average – Also known as CAGR – Compound Annualized Rate of Growth.

Blog comments welcome.

S&P 500 Index (SPX)

S&P 500 Index trend investing update 07-02-2020

The S&P 500 Index (SPX) going into the close on Thursday (end of trading week), once again the $3,155 price is proving to be serious resistance, as shown on the stock chart below. Today is the 4th time it has tagged $3,155 and failed. The index continues to trade under the benchmark filter of 20% annualized rate of gain over a 200 day average.

Blog comments welcome.

S&P 500 Index (SPX)