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
Index Trends 4/6/04
Started by
Porter
, Apr 06 2004 11:05 PM
No replies to this topic