Monday, December 07, 2015

Market Trend Week Ending 12/4/2015

The Market Trend is shown in the table below for the week ending 12/4/2015.  The trend is if the close is above or below the following Moving Average.
Short Term Trend - Price is above the 21 day moving average
Mid Term Trend - Price is above the 55 day moving average
Long Term Trend - Price is above the 144 day moving average.
These were chosen from them being part of the Fibonacci series.
21 days was chosen since there are 260 days without holidays.  Dividing by 12 gives roughly 21 days. 
The next are 2 Fibonacci numbers up.
For the first market report, the table looks like the following.



              Trend
Date     Short       Mid          Long
12/4/2015     Up      Up      Up

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