My trend-following models are all green, across all four time frames and market breadth at month-end. However, even as the Dow 30 made new highs over the past few days, other key indexes declined, and one has to watch if this divergence persists, because looking at all the positive July returns in the SPX since 1950, there is only a 24% chance that both August and September will be positive.
Published in TZ Latest News 31 July, 2017 by The TZ Newswire Staff
July 2017 Review: All Green, With a Small Divergence
Published in TZ Latest News 31 July, 2017 by The TZ Newswire Staff
July 2017 Review: All Green, With a Small Divergence
My trend-following models are all green, across all four time frames and market breadth at month-end. However, even as the Dow 30 made new highs over the past few days, other key indexes declined, and one has to watch if this divergence persists, because looking at all the positive July returns in the SPX since 1950, there is only a 24% chance that both August and September will be positive.