Mid-week market update: As the S&P 500 consolidates just below its 50 dma, here are some considerations that make me constructive on the stock market. The index is exhibiting an oversold condition on the percentage of stocks above their 20 dma and a minor positive divergence on the 5-day Bullish factors The...
I don't comment about individual stocks very often, but I came upon this chart. It has been steadily rising for the last few years and it has been quietly beating its sector peers. Could this be the next Amazon or Apple? Relative strength study My conclusion is based on a study I...
Preface: Explaining our market timing models We maintain several market timing models, each with differing time horizons. The "Ultimate Market Timing Model" is a long-term market timing model based on the research outlined in our post, Building the ultimate market timing model. This model tends to generate only a handful of signals each decade. The Trend...
In addition to the hot January PCE print, the other surprise of last week was the upbeat flash PMI from S&P Global Market Intelligence (formerly IHS Markit) showing upside surprises from the G4 industrialized countries. Increasingly, the market narrative is shifting from a growth slowdown to no recession and continued growth. The markets are behaving...
Mid-week market update: The Zweig Breadth Thrust buy signal is a rare price momentum signal that's been triggered only six times since Marty Zweig wrote the book that outlined his signal. The stock market has risen every time 12 months after the buy signals. It requires the Zweig Breath Thrust Indicator (ZBT) to rise from...
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