The verdict is in, the index has flashed a long-term MACD buy signal.
While the signal is constructive for the long-term outlook, let me temper your enthusiasm.
The full post can be found here.
Wednesday, July 31, 2019
A (deceptive) long-term buy signal
Mid-week market update: It is month-end, and the day after an FOMC meeting. Regular readers may recall that I have been monitoring the monthly MACD indicator for a long-term buy signal. Troy Bombardia recently highlighted what happens when the SPX flashes a long-term buy signal. Subsequent one-year returns have been almost all positive.
The verdict is in, the index has flashed a long-term MACD buy signal.
While the signal is constructive for the long-term outlook, let me temper your enthusiasm.
The full post can be found here.
The verdict is in, the index has flashed a long-term MACD buy signal.
While the signal is constructive for the long-term outlook, let me temper your enthusiasm.
The full post can be found here.
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