Balancing act
This week’s trend analysis – like that of a week ago – continues to show an overall neutral status, with a negative bias. If anything, it’s actually slightly more positive than last week, as the trend periods shown for the Dow Jones Industrials index are back to a mix of red and green.
The small number of trend periods actually showing for that index reflects its lack of trending behavior over almost every time frame (from one up to 499 days). And among those trend periods that are showing, the complete lack of any bold reds or greens (representing stronger individual trends) further illustrates an almost perfectly neutral balance.
Overall, the picture has changed little from last week. With this coming week being options expiration week, I’ll be closely watching my short options positions as well as looking for opportunities to begin initiating some September options positions.
