After 3 days of significant gains on increasing volume and an upward key technical price violation in the main US stock market indexes, the Current Market Outlook has changed to a “Green light” today and is now classified as “Market in Confirmed Uptrend”. This signal tells growth investors that the current stock market environment has turned positive and suggests that investors can begin investing capital back into the market.
Please note, however, that we are viewing this rally with suspicion and are instead issuing a “yellow light” temporarily because this new uptrend comes on the heels of a lot of recent technical damage. Additionally, the signal happened in the month of June which historically is not a fruitful time of the year for an attempted market rally.
We are monitoring this very closely and will update the signal color to red or green within the next several days after more evidence of a sustainable trend in either direction.
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.
©2016 Triumphant Portfolio Management, LLC.