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< BACK TO ALL REPORTS

Still some internal weakness

Jason Goepfert
2021-03-31

Another day with the S&P 500 hovering near a record high, and another day with a negative McClellan Oscillator. We touched on this on Tuesday. The condition has now persisted for 10 straight sessions, with the S&P spending an average day less than 1% from its 52-week high, and the Oscillator being negative all 10 days, averaging more than -20. Over the past 60 years, the S&P showed a negative return between 1-3 months later after 16 out of the 21 times this type of condition existed.


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