Daily Report : Several market breadth indicators with a flawless track record just triggered a buy signal
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Several market breadth indicators with a flawless track record just triggered a buy signal: For the 21st time since 1954, more than 30% of stocks in the S&P 500 Financials and Industrials sectors surged to 52-week highs. Comparable signals saw the S&P 500 rise 100% of the time over the ensuing year. Even more remarkable, over 90% of Financial sector stocks closed within 5% of a 252-day high, a scenario with a perfect outlook for the sector and the broad market a year later. |
Smart / Dumb Money Confidence
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Risk Levels
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Research
Several market breadth indicators with a flawless track record just triggered a buy signalBy Dean ChristiansBOTTOM LINEFor the 21st time since 1954, more than 30% of stocks in the S&P 500 Financials and Industrials sectors surged to 52-week highs. Comparable signals saw the S&P 500 rise 100% of the time over the ensuing year. Even more remarkable, over 90% of Financial sector stocks closed within 5% of a 252-day high, a scenario with a perfect outlook for the sector and the broad market a year later. FORECAST / TIMEFRAME |
Sentiment Risk On / Risk Off Overview
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Indicators at Extremes
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Phase Table
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Ranks
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Sentiment Around The World
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Optimism Index Thumbnails
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