TimerTrac Broadcast - Market Timers' View of the Market
10/01/2024
TimerTrac Developer Spotlight: Two Corner |
(August 30, 2024) (August 16, 2024) (August 16, 2024) (March 4, 2024) (March 2, 2024) (February 20, 2024)
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Developer Information |
Trade History |
Performance Graph |
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Sunday, September 29, 2024 The All-Ords was in a sideways trading range between early February and early August and then dived. Since then, it has not only rebounded but escaped its former range ceiling and is now trading at a record high. Australia’s Market Short-to-medium-term trend analysis shows the All-Ords index went bearish on 6 August. It then went bullish again on the 19 August and has remained so. The All-Ords price momentum as measured by the MACD has been positive for the past eleven trading days. On medium-to-long-term trend analysis, the All-Ords index remains strongly bullish. The All-Ords Coppock (COP) momentum indicator bottomed at the end of December 2022 and thereafter trended up into positive territory where it has advanced following some hesitation in September – October 2023. America’s Market On 2 August America’s S&P500 share index went bearish on short-to-medium-term trend analysis. But on 16 August it went bullish again. Its MACD momentum indicator has been positive for the past eleven trading days. The S&P 500 index’s medium-to-long-term trend became extremely bullish after its 10.3% correction in August to October 2023. It remains so notwithstanding its temporary pullback in April and July-August 2024. The S&P 500 Coppock (COP) momentum indicator has continued rising and is strongly positive. Sector Analysis Within Australia, all sectors except Resources (QRE.ax) remain positive with Gold (PM GOLD.ax) marginally overtaking Property (SLF.ax) and Finance (OZF.ax). Globally, all sectors remain positive with Gold (PM GOLD.ax) strongly ahead the US Market (IVV.ax) followed by Emerging Markets (IEM.ax) with Developed Markets outside the USA (IVE.ax) last. Thursday, September 26, 2024 Uncertainty regarding the continued implications of inflation trends and interest rate decreases, mixed corporate earnings reports, and geopolitical issues including the upcoming U.S. election and wars in Ukraine and Gaza continues to cause volatility but the ability of most companies to deliver earnings growth continues to drive stock price increases. Our FNGUTrends strategy bought $FNGU several weeks ago (buy low). Click through to TimerTrac to see the 84.03% annualized return for FNGUTrends since tracking began on 4/7/20. Our TQQQTrends strategy bought $TQQQ several months ago (buy low). Click through to TimerTrac to see the 26.56% annualized return for TQQQTrends since tracking began on 11/24/18. Our LevCrosses strategy bought $UPRO several months ago (buy low). Click through to TimerTrac to see the 17.02% annualized return for LevCrosses since tracking began on 4/10/18. Our LevTrends strategy bought $UPRO several months ago (buy low). Click through to TimerTrac to see the 19.68% annualized return for the LevTrends strategy since tracking began on 4/27/16. Our LevBands strategy continues to sell and buy $UPRO due to market volatility (cover your assets). Click through to TimerTrac to see the 16.79% annualized return for the LevBands strategy since tracking began on 4/27/16. Performance data and charts for each of these strategies along with the index of your choice (for comparison) can be obtained on the Graphs page of the TimerTrac site. |
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