Underlying momentum has turned negative

  • Jason Goepfert

    Jason Goepfert

    Published: 2020-04-22 at 11:49:43 CDT

The average sector is now showing a negative McClellan Oscillator. This comes soon after most sectors showed extremely high positive momentum. The first negative momentum reading following a very positive one has tended to lead to well above-average longer-term returns.

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