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Strength of Trend Levels
Trend Definition:
A trend can be defined as a sustained price move either up or down. When the demand is greater than the supply, the trend will be up as there are more buyers than sellers. On the flip side, when the supply exceeds demand, the trend will be down as there are more sellers than buyers. Trends are therefore bullish or bearish in direction.
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Are the markets trending higher or lower and how strong are these trends? To evaluate the markets, we use the Strength of Trend (Sot) indicator to quantify the true power behind the trends of individual markets. The Strength of Trend table below is organized by sector providing a technical overview for many of the markets monitored by Chart Research.
Strength of Trend (Sot) Level Descriptions:
- Bullish trending markets greater than +5
- Bearish trending markets less than -5
- Trendless markets between +5 and -5
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Market |
SoT Level |
Technical Description |
| Currencies |
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Australian Dollar |
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Canadian Dollar |
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Dollar Index |
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Euro Currency |
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Japanese Yen |
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Swiss Franc |
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| Energies |
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Crude Oil |
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Heating Oil |
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Unleaded Gas |
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Natural Gas |
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| Grains |
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Corn |
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Kansas City Wheat |
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Rough Rice |
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Soybeans |
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Wheat |
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| Indices |
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Russell 2000 |
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S&P 500 |
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| Interest Rates |
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Five Year Notes |
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Ten Year Notes |
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Euro Dollar |
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Euro Bund |
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| Meats |
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Lean Hogs |
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Live Cattle |
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| Metals |
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Aluminum (London) |
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Copper (London) |
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Gold |
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Nickel (London) |
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Zinc (London) |
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| Softs |
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Cocoa |
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Coffee |
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Cotton |
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Lumber |
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Sugar (London) |
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