TimerTrac Broadcast - Market Timers' View of the Market
12/25/2023
TimerTrac Developer Spotlight: Glance Financial Advisors LLC |
(October 29, 2023) (October 2, 2023) (October 1, 2023) |
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Developer Information |
Trade History |
Performance Graph |
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Sunday, December 24, 2023 Australia's Market The Australian All-Ords share index rose a further 0.9% last week after shooting up 3.4% the week before. The Santa Rally is still intact. Since troughing on the 30th October the index has risen 11.1%. On short-to-medium-term trend analysis, the All-Ords index is strongly bullish. Its price momentum as measured by the MACD oscillator has been positive since the 3rd November and after slowing has strengthened again since the 29th November. On medium-to-long-term trend analysis, the All-Ords index is now strongly bullish after going bearish on Thursday 28th September this year. However, the All-Ords like the S&P 500 are now enjoying a fillip not just in hi-tech stocks but across the board. The All-Ords Coppock (COP) momentum indicator bottomed at the end of December 2022 and thereafter trended up into positive territory where it remained though flattened. In the past whenever the Coppock turned up in negative territory it signalled the end of an Australian bear market. America's Market America’s S&P500 share index continues to be very bullish on short-to-medium-term trend analysis. Its MACD momentum indicator has been positive for the eight trading days after dipping previously. The S&P 500 index’s medium-to-long-term trend went bullish on 14 April 2023. It has become more bullish since its 10.3% correction in August to October 2023. The dark green S&P 500 Coppock (COP) momentum indicator turned up at the end of March and thereafter has continued rising and is strongly positive which confirms that the previous US bear market is over and there is not a new downturn in sight yet. |
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Saturday, December 23, 2023 Gold Market ST (Bearish) Our Teabull Gold Market ST Oscillator is located slightly below its TBX index. Thus, as of the close of trade on December 22/23 we are on a Short-Term "Bearish" signal for major US Gold Miner Indexes. Bond Market ST (Bullish) Our Teabull Bond Market ST Oscillator is located slightly above its TBX index. Thus, as of the close of trade on December 22/23 we are on a Short-Term "Bullish" signal for major US Government Bond Indexes. Stock Market ST (Bullish) Our Teabull Stock Market ST Oscillator is located slightly below its TBX index. Thus, as of the close of trade on December 22/23 we are on a Short-Term "Bullish" signal for major US Stock Indexes. |
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