Stock Market Technical Indicators & Analysis
Note the low of the market (SP-500) and 20+ year treasury bonds (TLT) occurred simultaneously last November. Then bonds rose and went sideways as pundits expected the Fed to lower rates. Now bonds are back in a BWR down-trend and the market is weakening. Cash is king! The next advance will be under way when the shorter averages (red lines) for TLT rise above the longer term averages (blue lines) and form a RWB pattern. Stay tuned….
My adapted daily GUPPY, GMMA charts tell me when an up-trend has ended. My former student, Richard Moglen, tells how to build them using TC2000. As long as the shorter term (red) averages are rising above the longer term (blue) averages with a white space separating them, RWB, the up-trend is intact. When the white space disappears it is time for me to raise stops and/or exit. When the pattern reverses to BWR, I am out or short, see TSLA. The dotted line is the daily close. Check out these charts. A picture is worth how many $$$$?
At the IBD Meetup last night I showed how to spot a GLB and explained how to use my green/black/blue dot setups. These are oversold bounces. I meant to say if one missed buying near when the GLB occurred, they could wait to buy it later if it had a green/black or blue dot setup. The chart of VRT shows the GLB last August. Note the many subsequent setups (dots) at which one could have purchased it. Thank you, Judy, for leading me to this example. I am in the process of making the recording of my remarks available to all. Stay tuned.
