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“Same Old” Up Trend November 26, 2017

Posted by Tom in Thoughts.
Tags: , ,

11-24-17 – Really . . . not much new here, just the “same old up trend”.  I’ve added the ‘short term” trend channel to the chart below (blue lines). We quick note that the price action is above the long tern channel (purple dashed) and at the top of the short term channel.  Money & Volume Flow indicators are bullish and strong.

Volume dropped off during the past holiday week (in the US) so we’ll wait to see what next week brings as far as activity.  I’m still looking for an Up Thrust in price on low volume, but so far not seeing it.  Prices are extended to the up side and nearly everyone is bullish waiting for the famous “Santa Clause Rally” into year end.

The table below shows where the short term strength is right now.

There’s not much choice except to remain invested for now, but extended prices always concern me . . . .  that’s where the risk is.

Have a good week.          ………..  Tom  ………..

Chart by MetaStock; table by http://www.HighGrowthInvestor.com.  Used with permission.


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