Tag Archives: Market Close

Market Close, May 22nd

New Signals VXX Short-term (Hourly)——–Buy Signal Wednesday’s Market The DOW dropped 80 points today, but not enough to generate a reversal in the uptrend that has been in effect since January 2nd. As you can see in the attached Trend [More]

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Market Close, May 21st

New Signals None. Tuesday’s Market Relentless rallies, day after day. If this continues, you may ask yourself, “Why do I need AllanTrends? The Fed has lifted and continues to lift the market up to very sustainable levels. There will never [More]

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Market Close, May 20th

New Signals None. Monday’s Market There were no interim updates today because there were no new signals and nothing much to say. I didn’t post last Monday due to travel, but this is what I wrote two Monday’s ago: “Hardly [More]

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Market Close, May 16th

New Signals FB————>New Short Thursday’s Market I try not to proffer an opinion very often beyond what the trend models are saying. But sometimes, like today, I just can’t help myself. The recent relentless strength of the market (though paused [More]

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Market Close, May 7th

*As a reminder, tomorrow I am headed out to South Carolina. I’ll post after the Open and probably not again until Thursday. You don’t need me so much as you need the Trend Table. (Ok, maybe you need both, I [More]

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Market Close, May 6th

New Signals TLT———>New Short ARNA——->New Short*  ALGN ——->New Long *If your selling ARNA, consider putting the proceeds into either TROV or ALGN. Monday’s Market Hardly worth turning on the computer today, so let’s not waste much of our time trying [More]

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Market Close, May 2nd

New Signals STX——–> New Long Thursday’s Market Wednesday’s sharp drop was reversed by a just as sharp advance today. Although market technicians are pointing out weakening market internals, the swash of alternating short-term currents just supports my view of a [More]

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Market Close, May 1st

New Signals SPX & Nasdaq Hourly——>New Shorts CBM————————->New Short Wednesday’s Market The Federal Reserve held fast to its ultra-accommodative monetary policy, solidified by what board members described as an economy weakened by fiscal policy.” —Yahoo Finance It’s not what they [More]

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Market Close, April 30th

New Signals Nasdaq Intermediate (Daily)———–>New Long AAPL Intermediate (Daily)————–>New Long Tuesday’s Market The intermediate term is taking a turn upwards with Nasdaq reversing Long today. Other broad measures of the stock market, SPX, IWM, Value Line and NYA all remain [More]

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Market Close, April 29th

New Signals SPX & NASDAQ Hourly Trends———–>New Longs DAL Intermediate—————->New Long GOOG Intermediate————–>New Long Monday’s Market The hardest part of trading my system is to have the discipline to trade it correctly. Simply following signals appearing on charts or in [More]

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