There was no substantial edge apparent throughout the 70s, but starting in 1983 you’ll note a bullish tendency. The last 2 years have not followed suit, though. A more detailed breakdown of Memorial Day week was shown in this weekend's Subscriber Letter. (Click here for a free trial.)
4 comments:
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Not sure why you can't see it. I'm seeing it with my browsers...
Now it works.
Today we keep watching the S&P500 for a close >1% which will trigger a Follow Through Day.
But, I'm already long (XIV).
Rob-
The McClellan Oscillator is back comfortably over the zero line, for the first time in many days. It had triggered the -200 threshold, and even the -300 threshold. The capitulation-readout of your CBI made its round trip, went scary, and now has receded.
And we are now moving into a stretch of seasonally bullish days.
Can we contemplate that we may have just completed one of those "routine 10% corrections"? Or is this now the conclusion of the "sizeable bounce" everyone last week counselled was the oppty for shorting?
Please answer this question for your loyal readers.
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