The fight between bulls and bears continues

The fight between bulls and bears continues. The Dow broke below 8300 (880 for the S&P 500) with no much fanfare (click on the chart to enlarge).

Momentum seems down. The 13-week moving average went below the 34-week moving average. Of course, this is a lagging indicator, but it has had a good batting average in the past. Stay tuned.

To find out more about my in depth view of the markets and my strategy just visit our website https://www.peterdag.com/ where you can review The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs.

I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes.

George Dagnino, PhD
Editor, since 1977