The State of the Trend

By: George Krum | Sat, Mar 31, 2012
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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:

OEX r/r Scan

and trend indicator:

OEX Trend Scan

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

Author: George Krum

George Krum

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

OddsTrader - uses the power of Hurst Channels to produce price and time targets, and combines them with proper risk and position size management.

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 - is the first mobile app that gives users access to one of the most profitable and time tested hedge fund trading strategies.

OT Pivots - combines the power of Pivot lines with cycles and automatic signal generation.

Gann 9 - is 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).

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Source: The Contrarian Take