On Friday, December 26, the S&P 500 closed @ 2089,and that was... +7.2%ABOVEits 12-Month moving average which stood @ 1948. +6.5%ABOVEits 40-Week moving average which stood @ 1961. +2.3%ABOVEits 10-Week moving average which stood @ 2042.
Therefore, the INTERMEDIATE-Term trend is BULLISH
and the LONG-Term trend is UP.
An indicator called the Financial Stress Index shows that investors are becoming downright euphoric and complacent just like they did during last decade’s bubble.
On Friday, December 19, the S&P 500 closed @ 2071,and that was... +6.5%ABOVEits 12-Month moving average which stood @ 1945. +5.6%ABOVEits 40-Week moving average which stood @ 1960. +1.5%ABOVEits 10-Week moving average which stood @ 2040.
Therefore, the INTERMEDIATE-Term trend is BULLISH
and the LONG-Term trend is UP.
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On Friday, December 5, the S&P 500 closed @ 2002,and that was... +3.5%ABOVEits 12-Month moving average which stood @ 1935. +2.7%ABOVEits 40-Week moving average which stood @ 1949. -0.2%BELOWits 10-Week moving average which stood @ 2006.
Therefore, the INTERMEDIATE-Term trend is NEUTRAL
and the LONG-Term trend is UP.
On Friday, December 5, the S&P 500 closed @ 2075,and that was... +6.6%ABOVEits 12-Month moving average which stood @ 1946. +6.6%ABOVEits 40-Week moving average which stood @ 1946. +3.7%ABOVEits 10-Week moving average which stood @ 2002.
Therefore, the INTERMEDIATE-Term trend is BULLISH
and the LONG-Term trend is UP.
On Friday, November 28, the S&P 500 closed @ 2068,and that was... +7.6%ABOVEits 12-Month moving average which stood @ 1922. +6.5%ABOVEits 40-Week moving average which stood @ 1941. +3.7%ABOVEits 10-Week moving average which stood @ 1993.
Therefore, the INTERMEDIATE-Term trend is BULLISH
and the LONG-Term trend is UP.
After writing an investment newsletter for Vanguard investors for over 20 years, I'm convinced that blogging is a much more expedient and efficient way of disseminating timely insights. My newsletter, Vantage Point, was consistently ranked by the Hulbert Financial Digest as one of the Top 10 Market Timers over multiple time frames. With the benefit of my experience as a money manager for over 18 years, I hope to share investing analysis, perspectives and strategies that will empower readers to safeguard their wealth from the pitfalls and threats our "New Normal" Global Economy presents.