TimerTrac Broadcast - Market Timers' View of the Market
01/22/2024
TimerTrac Developer Spotlight: ReturnStream LLC |
(December 29, 2023) (October 29, 2023) (October 2, 2023) (October 1, 2023) |
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Developer Information |
Trade History |
Performance Graph |
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Sunday, January 20, 2024 Australia's Market The Australian All-Ords share index has fallen 2.9%. In the last week alone, it fell 1.0%. On short-to-medium-term trend analysis, the All-Ords index is bullish. Its price momentum as measured by the MACD oscillator has been negative for the past eleven trading days as confidence in central banks cutting their cash rates swiftly and sharply diminishes. On medium-to-long-term trend analysis, the All-Ords index is bullish. The All-Ords Coppock (COP) momentum indicator bottomed at the end of December 2022 and thereafter trended up into positive territory where it had wobbled, but still stayed modestly positive. America's Market America’s S&P500 share index continues to be bullish on short-to-medium-term trend analysis. But its MACD momentum indicator has been negative for the last thirteen trading days suggesting that Wall Street may have run out of puff for now. The S&P 500 index’s medium-to-long-term trend went bullish on 14 April 2023. It became more bullish after its 10.3% correction in August to October 2023. The 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 well and truly over |
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Monday, January 22, 2024 The January 19 close of 4,839.81 for the S&P 500 was above the previous all-time high close of 4,796.56 hit on January 3, 2022, so the bear market has ended, recovery is complete, and we have entered the expansion phase of the current bull market which began on the date of the low close since January 3, 2022, which was 3,577.03 on October 12, 2022. Uncertainty regarding the continued implications of supply chain issues, inflation trends, quantitative tightening (QT), rate increases, the inverted yield curve, geopolitical issues including the wars in Ukraine and Gaza, the Red Sea crisis, and low earnings growth continues to cause volatility. Our LevBands strategy bought $UPRO several weeks ago (buy low). Click through to TimerTrac to see the 12.69% annualized return for the LevBands strategy since tracking began on 4/27/16. Our LevTrends strategy bought $UPRO several weeks ago (buy low). Click through to TimerTrac to see the 16.47% annualized return for the LevTrends strategy since tracking began on 4/27/16. Our LevCrosses strategy bought $UPRO several months ago when its indicator turned positive (buy low). Click through to TimerTrac to see the 12.54% annualized return for LevCrosses since tracking began on 4/10/18. Our TQQQTrends strategy bought $TQQQ several months ago (buy low). Click through to TimerTrac to see the 24.99% annualized return for TQQQTrends since tracking began on 11/24/18. Our FNGUTrends strategy bought $FNGU several months ago (buy low). Click through to TimerTrac to see the 86.01% annualized return for FNGUTrends since tracking began on 4/7/20. |
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Friday, January 19, 2024 Gold Market ST (Bullish) Our Teabull Gold Market ST Oscillator is located slightly above its TBX index. Thus, as of the close of trade on January 19/24 we are on a Short-Term "Bullish" signal for major US Gold Miner Indexes. Bond Market ST (Bearish) Our Teabull Bond Market ST Oscillator is located slightly above its TBX index. Thus, as of the close of trade on January 19/24 we are on a Short-Term "Bearish" 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 January 19/24 we are on a Short-Term "Bullish" signal for major US Stock Indexes. |
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