Long
Term Trend Checklist (under
20 trading days)
Checklist
calculations
| Stock
Check List - DJIA long
term trend checklist
|
| Stock:
DJIA |
BUY/SELL
Rating: -5
|
Date:
April 29th, 2005 |
| Indicator |
Confirming |
Negating |
Trendlines
(read report)
|
|
Downtrend |
50
& 100 day SMA's
(read report)
|
|
50 & 100 day
cross SMA down |
|
MACD
(read report)
MACD-H
(read report)
|
|
MACD downtrend
MACD-H downtrend
|
|
Momentum
(read report) |
|
Downtrend |
| __________________________________________________________________________ |
| Points: |
0
positive |
5
negative |
Comments:
Overall,
the DJIA is in a long term
downtrend. This is supported
by the medium and lower
term trend indicators. Also
this fits a classic down
slope with an ongoing series
of lower lows. At this point
there is no real indication
of a turn around.
Something
to note in this chart, the
momentum seems to have some
short term upward movement,
while not yet significant
this could indicate an upcomming
correction.
Signals
Momentum is a basic application
of oscillator analysis,
designedto measure the rate
of price change, not the
actual price level. Three
common signals are generated
by the momentum oscillator:
zero-line crossings, trendline
violations, and extreme
values.
