Monthly Trend Value 8 (trending up)
Weekly Trend Value -4 (mixed)
Daily Trend Value 4 (low quality uptrend)
45-min Trend Value 6 (trending up)
Turtle Trend (LT) 0 (mixed)
SPM Trend
..........Q......M.....W.....D.....45'
SPM....U......U......D.....U......U
Value..2......2......-2......1......1
------------
SHORT TERM TRENDS
Opening Range Trend
Daily--Up
Weekly--Down
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 previous day's low was broken for the first time since 3/24.
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 135-min charts was relieved in all 4 indices.
There was a spring of the spoos double bottom at 1141.7/SPM
The April range of 1126.5-1149.5/SPM is important.
Whichever way the range breaks will likely set the IT trend for the market.
Porter
Index Trends 4/7/04
Started by
Porter
, Apr 08 2004 05:24 AM
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