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Registered User
Joined: 7/2/2009
Posts: 27
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Hi, I was wondering how to track the general direction of the markets by looking at a certain ticker that represents the sum of what is going on in the markets. Is there anything like that?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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There are plenty of Indices designed to represent the market, but I could not suggest one in particular. The trainers can't give setting, interpretation or investment advice. I'll move this topic to the Stock and Market Talk forum so other traders will be more likely to see it and comment.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 2/5/2006
Posts: 1,148
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russel 3000- iwv
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Registered User
Joined: 6/15/2008
Posts: 1,356
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SP500 - SPY
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 Gold Customer
Joined: 4/10/2006
Posts: 954
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Thoughts on direction. Using the Linear Regression channels and watching for break outs in trend. Watching for trend changes down,up,sideways.
Then trying to implement a strategy to take advantage or wait out the direction.
A weekly chart using 13, 26 week MA. 13weeks = Quarterly reports, 26wk half year. I find this to be an easy tracking method. i.e. take the temperture of the market.
Good luck.
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Gold Customer
Joined: 4/10/2006
Posts: 954
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I suspect we will test 1040-1047 on the SP500 soon, if that fails to hold then 950-980 gets pretty ugly if you are long.
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Gold Customer
Joined: 4/10/2006
Posts: 954
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As the 13 is below the 26week avg it is best to look for Short positions on the rally's or one day after a rally for confirmation the rally is false.
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Gold Customer
Joined: 4/10/2006
Posts: 954
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On the otherside of the coin...if we move above 1140-1155, look for a rally to 1240-1400.
Typically this time of year you dont get much buying, but every year has its on personality.
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Registered User
Joined: 2/4/2010
Posts: 7
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Type in T2100 or T2123 which, in my opinion, are excellent indicators of market strength.
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Registered User
Joined: 6/6/2005
Posts: 1,157
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Nice, hightower.
Interesting...
David John Hall
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