On Tuesday, July 10th the last negative aspect in the stock markets current underlying technical condition turned positive according to our proprietary risk management discipline. The recent rally has improved the stock markets health to the point where it has necessitated an upgrade in our Current Market Outlook to “Market in an Uptrend” (*uptrend resumes) with a green light. In case you were wondering, that last negative technical had been in place since January 19th, 2018.
The hopeful road to 2nd half 2018 investor profits will likely be news driven and a bit bumpy, and may even take many investors by surprise. With so much negative news swirling about currently, the market may have begun climbing the proverbial wall of worry. It is possible that more professional selling (Distribution Days) could re-emerge yet this summer, and if it does we will allow our proprietary three stage sell-signal discipline to do its job of downgrading our official outlook and causing us to take proactive steps to position our clients assets defensively in order to protect their hard earned capital. In the meantime, we will “let the trend be our friend” and continue searching for and investing in quality opportunities within our strategies.
Have a Triumphant day! ®
*The original post incorrectly stated “uptrend resumes” when it should have said “Market in an Uptrend.”
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.
©2018 Triumphant Portfolio Management, LLC.
Where Are Woodward and Bernstein When We Need Them? This article was written by Newt