The TRAN re-tested the 1:1 descending Gann Angle and looks to be in good shape long term. Follow through is the key, as always.
Another chart I watch is the Powershares ValueLine Timeliness Select Portfolio (PIV). Because ValueLine is pretty good at fundamental analysis, I view this as the best values in the market. Sometimes the “best values” still are terrible buys. So I watch this chart to see if the whole economy is falling apart. According to this chart it is not. Price never made a lower low in March or recently. Three higher lows is bullish to me. Current Score: Economy 1 - Media 0. This fund is very volatile and I don’t watch it daily. It does work in the long term though.
Charts courtesy of Stockcharts.com
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