Minutes Digest for Dec 02 2020
Mexico momentum
- Published:
2020-12-02 08:50:57 - Author: Jason Goepfert
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.
All financials in uptrends
- Published:
2020-12-02 08:17:17 - Author: Jason Goepfert
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.