TimerTrac Broadcast - Market Timers' View of the Market
07/08/2024
TimerTrac Developer Spotlight: Canary Rydex |
(March 4, 2024) March 2, 2024) (February 20, 2024) (December 29, 2023)
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Developer Information |
Trade History |
Performance Graph |
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Sunday, July 14, 2024 Over the last week, the All-Ords share price index jumped 1.7% after rising 0.7% the week Australia’s Market Short-to-medium-term trend analysis shows the All-Ords index has been broadly neutral since the end of May, though last week took off rising to a new record high. The All-Ords price momentum as measured by the MACD has been positive for the past seven trading days and is now strongly so. On medium-to-long-term trend analysis, the All-Ords index remains strongly bullish. America’s Market America’s S&P500 share index is bullish on short-to-medium-term trend analysis. Its MACD momentum indicator has been negative for the past two trading days. The S&P 500 index’s medium-to-long-term trend went bullish on 14 April 2023. It became extremely bullish after its 10.3% correction in August to October 2023. It remains so notwithstanding its temporary pullback in April 2024. The Coppock momentum indicators of both markets are positive. They turned up in negative territory early last year signaling the previous bear market was over. |
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