Trend following The Nasdaq 100 Index, after the close today, has reestablished it’s momentum at or exceeding a 10% annualized rate of growth, over a 200 day ma.
This is trend following, – no forecasts, no predictions, no personal opinions.
Nasdaq 100 Index
..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:
The 15% annualized growth rate chart:
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:
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.
gold mining stocks coming down
Gold Miners Index (GDM) (GDX) the Index is breaking long term support. The Monthly and Weekly S/R (Support and Resistance Price Level) is $598.50, currently trading intraday at $593.62. The Index today is trading under 10% annualized growth rate, over 200 days, but over 5%, over 200 days.