Short term in whipsaw mode, but long term uptrend intact

The monthly oscillator is showing strength and monthly prices are in an uptrend.

The oscillator on the weekly chart is showing a lukewarm uptrend. The prices are still in a basing mode.

On a short term basis (daily prices) the oscillator is weak and the prices are basing. However the prices have not cut the prior low.

The possibilities are as follows:

1.                The prices undercut the prior low next week then we are in a short term downtrend.

2.               The prices do not undercut the prior low next week and move up. Then we are continuing our basing or consolidation of daily prices.

So we repeat what we said last week, stay fully invested for the long term. For the medium to short term do not add any new positions and aggressively sell your weaker holdings.

Watch the video:

Short term in downtrend but long term uptrend intact

The monthly oscillator and prices are in an uptrend, so the long term uptrend of the market is intact.

On a short term basis (daily prices) at the recent high of the oscillator the prices did not make a new high. Now the oscillator is at the low end and has not turned up yet. However the prices have not cut the prior low either.

The possibilities are as follows:

1. The prices undercut the prior low next week then we are in a short term downtrend.
2. The prices do not undercut the prior low next week and move up. Then we are continuing our basing or consolidation of daily prices.

So stay fully invested for the long term. For the medium to short term do not add any new positions and aggressively sell your weaker holdings.



Watch the video and see the analysis:

Long term trend still up. Short to medium term choppy.

Stay the course of being fully invested for the long term. For medium to short term do not add any new positions and sell your weaker holdings. Watch the video for an in-depth analysis.

Long Term trend still up

The Long Term Trend on the Stocks Market is still up. So if you are holding broad based mutual funds or ETFs then hold on to them. Weekly trend is still up but can turn down if we have a few more down days. It can start a basing pattern. So if your time frame is weekly do not add new positions and sell your weaker holdings. Daily time frame is about to break its uptrend. It has not done so yet. Watch the video below for a detailed analysis.

The Market is still in an uptrend. Remain fully invested for the long term time frame.

See the video below for details.

The Long Term Uptrend on S&P500 is still intact

Watch this video

The long term uptrend on S&P500 is still intact.

We are having trouble in short to medium term time frame, but the long term trend of S&P500 is still intact. Having whipsaws in the market is normal. It does not go up in a straight line. It is normal to have up to 25% drawdowns in a well managed portfolio. If one is not able to handle the drawdowns then it prudent to increase the cash holdings of the portfolio.

Below is the chart of Sensex. See the Gains and losses there based on the long term trend. Trend following works in every market that is truly "free". Check the box showing Pr2Gain, Pr1Gain, PrGain. The current gain is 31.5%. This trend started on Dec, 31 2012.