What Is The Current Trend Of This Market?

Most of our readers seem to be focused on trading the SP 500 and the tickers they seem to trade most often is the SSO and the SDS. Here is a sample of our trend analysis for these two tickers. Sign up for our free trend analysis service and get these in your in box every morning.

SSO Strong Uptrend

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

Based on a pre-defined weighted trend formula for chart analysis, SSO scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend):

-10.....Last Hour Close Below 5 hour Moving Average
+15.....New 3 Day High on Thursday
+20.....Last Price Above 20 Day Moving Average
+25.....New 3 Week High, Week Ending May 9th
+30.....New 3 Month High in May
+90.....Total Score



SDS Strong Downtrend

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

Based on a pre-defined weighted trend formula for chart analysis, SDS scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend):

+10.....Last Hour Close Above 5 Hour Moving Average
-15.....New 3 Day Low on Friday
-20.....Last Price Below 20 Day Moving Average
-25.....New 3 Week Low, Week Ending May 9th
-30.....New 3 Month Low in May
-90.....Total Score




Today’s Stock Market Club Trading Triangles


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