I have been bullish since February because of two reasons.
One. My indicators turned up telling me the market would rise for a few months. And they were right.
Two. Financial risk (our proprietary indicator) started declining.
The problem is that financial risk has stopped heading lower in the past several days. And the market did not like it. So, I am watching this trend very closely. Stocks may go nowhere if financial risk keeps rising.
More, much more if you subscribe to The Peter Dag Portfolio on https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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