No replies to this topic

[Porter]

Monthly Trend Value 8 (trending up) Weekly Trend Value -4 (mixed) Daily Trend Value 8 (running uptrend of low quality) 45-min Trend Value 8 (trending up) Turtle Trend (LT) 0 (mixed) SPM Trend ..........Q......M.....W.....D.....45' SPM....U......U......D.....U......U Value..2......2......-2......2......2 ------------ SHORT TERM TRENDS Opening Range Trend Daily--Up Weekly--Neutral Monthly--Neutral Globex 45-min Trend Up 135-min Trend Up ------------- Keltner Band Trend 10-day Up 7-day Up ----------- Moving Average Trend Mason-Dixon (NDX 200H) Up Gator (SPX 13D+8) Up Mallory (NYA 49D) Up SB (SPX 75D) Up Chandelier Trend Zweig (MID5%) Up Stox (NAZ9%) Up Junk (ML1%) Up --------------- Intermediate Momentum Indicators NY ITBM Up NY 10D NH% Up ND 10D DEAD Up ND BP RSI Up NY Vol McSum Up ND Vol McSum Up Comments The spoos have been well bid since 3/24. The previous day's low has not been broken. But today the first 90-min low was broken for the first time. And the previous day's low was broken in the Compx, MID, and RUT. Thus the top on 4/5 is likely a ST momentum top. It is unlikely that the Nasdaq McClellan Oscillator will exceed the 4/5 top for many months. The overbought condition on the 45-min charts was relieved in all 4 indices. The Globex hourly uptrend is now being tested. Porter