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:

SPX

 


 

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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