Minutes Digest for Dec 02 2020

Good internal momentum in Mexican stocks for the first time in forever. The McClellan Summation Index for the MEXBOL just crossed above 775, typically leading to good short- to medium-term returns. Over the next month, 27 out of 33 days showed a positive return.

Might be a tough slog for financials. Every one of them is above their 200-day moving average. According to the Backtest Engine, it led to some pretty ugly 1-3 month returns. Only 12 out of 50 days showed a positive return 3 months later.