The State of the Trend

By: George Krum | Sun, Jan 1, 2012
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The SP500 managed to finish the year barely positive but with a big question mark regarding its future direction. Fortunately, we won't have to wait very long to see whether the market will continue on a bullish or bearish path. This can clearly be followed on a monthly chart, where the SP500 is bumping against channel resistance:

The Q's are in a similar position, bumping against triangle resistance, within the uptrending channel:

The accumulation/distribution indicator, which was warning mid-December that a rally is imminent, has retreated from overbought levels and hovers about mid-range. And the weekly SP500 finds itself in the middle of its Hurst channel band:

Incidentally, both my bullish and bearish seasonal forecasts for the SP500 in January, point to a decline of a varying degree. It will be interesting to see how they fare in the face of coordinated monetary easing by central banks worldwide:

Happy New Year!

 


 

George Krum

Author: George Krum

George Krum
www.citdates.blogspot.com

George Krum is the author of the "CIT Dates" blog, and the following apps:

OddsTrader - combines the power of Hurst Channels with proper risk and position size management. For a web version see OT Signals below.

Gann 9 - the only financial app that allows users to effortlessly apply the legendary W.D. Gann's tools and methods for trading (including the Square of 9).

OT Trend - helps you quantify and forecast the seemingly random ebb and flow of stock, index or mutual fund movement.

OT Fibonacci - automates the process of applying Fibonacci numbers, ratios and time series to any security.

OT Seasonal - allows you to perform seasonal analysis on practically any security from around the world, and to build long-term forecasts and models.

OT Pairs - pairs trading, one of the most successful hedge fund trading strategies, is now available on your smart phone.

OT Pivots - combines the power of pivot lines with cycles to provide you with concise technical analysis and powerful trading signals.

OT Signals - a web app accessible from any browser, tablet or pc. It gives buy/sell/hold ratings for any instrument from around the world, and defines the trend and support/resistance levels.

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austrian-money-supply/