The trends of the three main US indices (DJIA, NDX and SPX) remain up in all
three time frames - daily, weekly and monthly.
The end of the month is a good time to look at the longer-term picture. The
two charts below show the results from a monthly scan of the OEX 100 component
stocks, including the major industry spiders, based on two indicators which
form the core of the Oddstrader app family; namely, the risk/reward (overbought/oversold)
indicator:
and trend indicator:
The respective NDX scans can be found on my blog.
The expected SPX rebound arrived right on cue and the index remains firmly
above the pivot line, which has moved up to 1390:
George Krum is the author of the "CIT Dates" blog and several
books available on Amazon.
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OddsTrader - the
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