I follow the trends of 18 stock market sectors.
All 18 sectors are in clear Monthly uptrends.
The Monthly trend value is 91%, which could be considered overbought.
There are no sectors in a clear Weekly downtrend.
Several trends are questionable, but none are clearly down.
The swing structure of the stock market is still quite good with higher highs and higher lows.
The Junk Bond Monthly trend is also Up.
The Weekly trend is up but in a trading range.
With Bonds making a new rally high and the stock market in a nice Monthly uptrend, it seems to me that the February bottom is likely to hold and that the February top is likely to be exceeded.
Porter
Sector Trends 2/27/04
Started by
Porter
, Feb 27 2004 10:43 PM
1 reply to this topic
#2
U.F.O.
-
- TT Patron+
- 5,605 posts
U.F.O.
Posted 27 February 2004 - 10:56 PM
Impeccable logic. Thx. Porter.
U.F.O.
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~
~Benjamin Franklin~
