Today, The S&P 500 Index (SPX) 1) crossed from below to above the relative strength benchmark of 20% annualized rate of growth over a 200 day average, and 2) broke out over the June and July high. The Bull Market continues.
Silver ETF vs. Gold ETF
Silver ETF (SLV) has now started to outperform the Gold ETF (GLD) on a relative strength basis. Looking at a 200 day moving average of silver vs. gold on the bottom indicator in the stock chart below. Silver is 2.9% above gold.
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 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 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 update 06-29-2020
The S&P 500 Index (SPX) going into the close of the month, continues to trade under the long term trend Investing filter of 20% annualized rate of growth over a 200 day moving average. There is noteworthy resistance at the $3,155 area, as shown in the stock chart below.
Blog comments welcome.
Gold ETF trend investing update 06-23-2020
Trend filter benchmark: 20% annualized rate of growth over a 200 day moving average.
The Gold ETF (GLD) is trading 4% above trend. By comparison, the Nasdaq 100 Index ETF (QQQ) is trading 11.2% above trend, and, the S&P 500 Index ETF (SPY) is trading 3.3% below trend.
Gold Miners Index update
The Gold Miners Index (GDM) (GDX) has, once again, found long term support at $885.80, as depicted in the stock chat below.
Blog comments welcome.
Has The Nasdaq 100 Index replaced The Dow 30 Index?
…in terms of where the heavy flow is going, apparently yes. Based on a massive shift in money flow into the Nasdaq 100 (NDX) Index relative to the Dow 30 Index (DJI). We’ll see how long this relationship continues.
We can see depicted in the stock chart below, The Nasdaq 100 Index (NDX) trading at new all time highs today.
Blog comments welcome.
Trendanomics Trade Signals report
By Trendanomics Staff
May 31, 2020
The Trade Signals in this report are by way of using our long term trend filter of a 20% annualized rate of growth over a 200 day moving average. This is pure trend investing. No forecasts, no fundamentals, no news.
Blog comments welcome.
- S&P 500 Index (SPX) crossed from above to below on Dec 24th, trading 5.7% below trend. Signal Bearish.
- NYSE Fang Index (FANG) crossed from below to above on April 9th, trading 23% above trend. Signal: Bullish.
- Nasdaq 100 Index (NDX) crossed from below to above on May 5th, trading 7% above trend. Signal: Bullish.
- Gold (GC) crossed from below to above on April 02nd, trading 7% above trend. Signal: Bullish.
- Gold Miners Index (GDM) from below to above on April 13th, trading 15.5% above trend. Signal: Bullish.
- Crude Oil (CL) from above to below on January 8th, trading 305 below trend..
