Momentum Monday - Seasonality Says Be Patient and The S&P Adavance Decline Line Is All-Time Highs Which Is A Positive Sign
As a reminder, Marketsmith (by Investor’s Business Daily) is now a sponsor of the weekly show. All the charts you have been seeing in the videos and will continue to see are from Marketsmith. They are offering my readers a three week trial for $19.95. Click this link if you would like to try it out.
Good morning…happy Labor Day.
The US markets are closed.
I am currently laboring (writing this post) from this spot on my buddy Rob’s dock on Lake Rosseau, Muskoka…it is 8 am EST and perfect…
As always, Ivanhoff and I got together and zoomed last night to talk about the markets and momentum. My spot last night was Rob’s incredible music/band/man cave at his cottage…
You can watch this weeks episode right here on YouTube - embedded below on the blog. It is easy to subscribe so please do so every Sunday you will get an alert when we post the show to YouTube. Read down and you can see the chapters of the show which get you right to specific stocks and topics.
Here are Ivanhoff’s thoughts:
As I mentioned in the title, the $SPY advance/decline line is hovering at all-time highs…which should lead to higher prices for stocks…
Have a great week.
Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal or tax advice, or an offer to buy or sell any security. For full disclosures, click here.