The S&P 500 Index has bounced off of support of $3,235, and, is trading well above the benchmark of a 20% annualized rate of growth (CAGR) over a 200 day moving average, as depicted in the two stock charts below.
Trend Investing update
Stock Market Trend
The US Stock market is well established in an ongoing Bullish Uptrend. The S&P 500 Index is well above the 20% annualized rate of growth over a 200 day moving average. The trend filter crossed from below to above on December 12th, as shown on the chart below.
Trade signals
Equity Indexes
S&P 500 Index (SPX) is above the 200-day Moving Average Trend of a 20% annualized rate of growth: Signal – Above trend for Equities
Nasdaq 100 Index (NDX) is above the 200-day Moving Average Trend of a 20% annualized rate of growth: Signal – Above trend for Equities
Gold Miners Index (GDM) is above the 200-day Moving Average Trend of a 20% annualized rate of growth: Signal – Above trend for Equities
Gold and Silver
Gold (GC) is below the 200-day Moving Average Trend of a 20% annualized rate of growth: Signal – Below trend for gold
Gold (GC) is above the 50-day Moving Average Trend of a 20% annualized rate of growth: Signal – Above trend for gold
Silver (SI) is above the 200-day Moving Average Trend of a 20% annualized rate of growth: Signal – Above trend for Silver
Oil
Oil (CL) is below the 200-day Moving Average Trend of a 20% annualized rate of growth: Signal – Below trend for oil
Oil (CL) is above the 50-day Moving Average Trend of a 20% annualized rate of growth: Signal – Above trend for oil
