Our Current Market Outlook is classified as “Market in an Uptrend”. This signal tells growth investors that the current stock market environment has improved and suggests that investors can deploy capital into the market. Keep in mind the markets meaningful advance has come in the face of an interest rate hike by the Fed with more coming in 2017. A surge in investors confidence indeed!
However, in spite of the strong 2 month “Trump rally” by the popular indexes, the market continues to show an elevated level of risk. A significant number of recent declines in higher volume known as distribution are still present. When distribution (professional selling) piles up quickly in the span of several days or weeks, markets can signal a top may be nearing. Although, due to the short relevance of a distribution day, a life span of only 5 weeks, several may drop off of the current elevated count over the next two weeks. The key technical point to watch for is if the market can avoid adding any new distribution days prior to the inauguration.
Keep an open mind and remain optimistic. The markets health is a good as it has been in 2+ years. America appears to be readying to reopen for good old-fashioned sensible business! If investors continue to respond positively to a Trump Presidency, the market could confound the pundits for several more months and grind higher. Check back to this page often for future “current market outlook” updates.
Have a Triumphant day! ®
The information in this article is based on data obtained from recognized services and sources and is believed to be reliable. Any opinions, projections or recommendations in this report are subject to change without notice and are not intended as individual investment advice. Not to be used as legal or tax advice.
©2017 Triumphant Portfolio Management, LLC.