Consumer Staples Select Sector Index

Trend following the Consumer Staples Select Sector Index $IXR $XLP $NEED  .. another in a series of routine Weekly Breakouts. The Index is trading at or in excess of a 15% annualized growth rate over a 200 day ma.

stock chart of the Consumer Staples Select Sector Index

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The Nasdaq 100 Index regains momentum

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

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S&P 500 Index breaking levels

Trend following The S&P 500 Index today, trading at $2,811 at the moment, is trading under last month’s low of $2,848 and under last week’s low of $2,825, but above a major Price Reversal of $2,799 on the Weekly as shown on the stock chart below. If it rejects this level, and then closes higher on the Weekly, that will be a long term Bullish…aka BTD, or “Buy The Dip”.

S&P 500 Index Weekly

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S&P 500 Index trend following a gap breakout

Trend following the S&P 500 Index this morning. It  is challenging that gap Up Breakout back on April 1st (red circle on the chart). That was the market valuation then at  $2,845, todays valuation is $2,845. And obviously the market bought that as undervalued.

So we’ll see what the market values today and this week. The all time highs, 52 week highs, the new highs, are all pretty much irrelevant at this point. Those Highs have been rejected, or, not elected. Can the market get back up there? ..of course.

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For the new readers, this is about pure trend following. No predictions, no forecasts.

The Dow 30 Index moving into long term Downward status

trading well under Reversals

Trend following the Dow Jones Industrials Index $DJI today. Looking at the Weekly Reversal (multiple 5% reversals), it is trading well under a major S/R (Support and Resistance Price Level) of $26,184.00. And The Index today is about to cross under 0% annualized growth rate over the past 200 day ma. There are a bunch of RSI “Sells” going back 2 weeks, way in advance of today’s tweet.

Dow Jones 30 Index $DJI Weekly lookbacks Reversal chart:

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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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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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