The Market's Trend Now

My six-fund technical chart provides six clues to the market’s trend now.

DIA shows the direction of blue-chip stocks is probably up. IWM suggests small stocks may be in an up trend. QQQ suggests tech stocks are probably in an up trend. VTI tells us the total stock market is apparently in an up trend. Also, Warren Buffett’s BRK-A portfolio looks to be in an up trend.  And here’s bullish confirmation of what those five resources are telling us:

GRZZX, the no-load inverse fund, confirms the probability of a current down trend in a bull market for my favorite gainer in the bear markets of 2008 (+73.69%), 2002 (+15.46%), and 2001 (+22.11%). So, I’ve included it in a chart that gives us a clue to the present direction of the stock market.

Never forget: All investments and savings are gambles on the unknown future and thus subject to loss.

How to know that the market is trending up or down? No one can. We can know all about the past, but we can’t look into the future. As Warren Buffett famously said, "In the business world, the rearview mirror is always clearer than the windshield.”

For fun and success, visit the website that shows 52 of Warren’s notable quotes.