Analog & Systematic Model Updates
The chart below shows our 4th/5th consecutive annual gain analog updated for Friday’s closing value on the Dow. At its intra-day low on Friday the Dow had corrected ~830 bps off its mid-September high of 13,600 and at its closing…...
Systematic Model Update
On 8/20 we noted our systematic model had generated its first sell signal since March. We noted at the time the signal itself meant nothing until we started to see choppy price action and/or some big intra-day reversal(s). Clearly, into…...
Systematic Model Update
The model generated its first sell signal yesterday, 8/20, since March 12th. As I highlight in the chart below, this means NOTHING until one of two things happen (or both): 1) We see lots of choppiness around this proximate top 2)…...