Moving Balance Indicator
May
05
2023
A Thrust Is Not Enough
The S&P 500 rally off last October’s low reached +16.9% at its peak on February 2nd. That’s well below the largest post-WWII bear-market rally of +24.2%
Apr
13
2023
Checking In On The Rally At The Six-Month Point
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Yesterday was the six-month anniversary of the bear market low of 3,577.03 in the S&P 500. We think it’s unlikely the moderate upswing since then represents a new cyclical bull market. However, with the evidence still weighing in at Neutral, we’re not betting the farm on that opinion.
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