Today, I will review a rare stock market signal that has only occurred 10 times in the past 35 years. And its implications are bullish for investors.
In this week’s stock market video, we discuss a new bullish trend signal is being generated across numerous asset classes and investment sectors.
To gauge the potential effect of this rare stock market signal, we’ll review several 2016 charts. Markets including the NYSE Composite (INDEXNYSEGIS:NYA) and S&P 500 Index (INDEXSP:.INX) will be highlighted. We’ll also discuss what we can learn about risk tolerance and expectations related to the Fed.
Here’s a sneak peak chart from the video:
The signal outlined above dovetails nicely with a recent Yahoo Finance tumblr post dated August 15, which compares 2016 to the stock market peaks in 2000 and 2007.
THIS WEEK’S STOCK MARKET VIDEO
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Twitter: @CiovaccoCapital
Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
