S&P 500 Index – end of week

..the Bull trend continues ..

Trend following The S&P 500 Index $SPX end of week,.. another Upward week over week.

The Index remains in a strong Upward trend, at or exceeding, over a 200 day ma, 15% annualized growth rate.

The Weekly chart:

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The 15% annualized growth rate chart:

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Gold Mining Index – testing support, again

So this thing certainly is not on the Bullish Trend List.

Trend following the sell-off, The Gold Miners Index $GDM $GDX is  testing another S/R (Support and Resistance Price Level) at $576.60.  So this thing certainly is not on the Bullish Trend List. When it returns to a trend in excess of, or at a minimum of, 10% annualized over 200 days ma, it’ll be back on the Upward Trend List.  This index is one of 20 we monitor.

Market Chart 63 day, daily:

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Consumer Staples Select Sector Index

Market trend continues upward

Trend following today The Consumer Staples Sector $IXR $XLP which  trades upward to a new 52 week  high, as The Nasdaq 100 Index $NDX pulls back.

Capital continues to pour into the US, and rotates, notwithstanding the professional doom and gloom crowd. One of the doom indicators they use, and recycle, is volume. They have been saying that since 2008.

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S&P 500 Index – Weekly, End of week

The S&P 500 Index this week,  closed at $2,939.88.  which is a close over last week’s High, of $2,918, and over last Month’s High which was $2,860. So this is another in a continuing series of Bullish trend following signals, whether they be Daily, Weekly, Monthly.  As of today the Index is trending at or in excess of a 15% annualized rate of growth over a 200 day ma look back. The Index has yet to close over the all time intraday High of $2,940. 91.

This chart is the S&P 500 Index Weeklies:

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Gold Miners Index – selling continues

The gold miner stock sell off continues

The Gold Miners Index (GDM) (GDX) continues to break S/R (Support and Resistance Price levels) on a Weekly and Monthly Basis. The next Price Reversal below is at $568.10, trading at $581 today. The short term oscillators such as The RSI are oversold. So, we’ll if a BTD (Buy the dip) develops.

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Nasdaq 100 Index – new High follow through

Trend following The Nasdaq 100 Index (NDX) after making a new all time high this week, is following through today. So now, as a matter of using systematic rules, typically trend following investors will now look for a weekly closing over last week’s High, or a monthly closing over last Months’ High.

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The Index, this week, is now trending at, or in excess of, a 20% compound annualized rate of growth, over a 200 day stretch.

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There is absolutely no need for using exotic algorithms, and other opaque and complex, and proprietary strategies.

For the trend following newbies out there, trend following involves strategies using price input only. So, you won’t find us mind numbing you about extra judicial councils in Washington, or mindlessly intriguing you with who is now running for office, as do many of the stock blogs and teevee channels.

Nasdaq 100 Index – new High

Trend following today, The Nasdaq 100 Index  (NDX) closed at a new all time high at $7,713.50. The previous closing high was last October at $7,701. Last week it went to the High but failed to close. So, we’ll see if it can hold this High on the close of the week.

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The Dow Industrials Index (DJI), or also known  as “The Dow 30”, and The S&P 500 Index (SPX) have not yet hit the Highs. And the various other Total Market Indexes, such as the Wilshire 5000 (W5000), The Russell 3000 (RUA) etc. etc. have not yet hit the Highs.