A new indicator

I have developed a new indicator and I find it interesting. Why? Because the blue line moved above the red line in March. This was the time when the market started roaring ahead.

The blue line remained above the red line since March, indicating, quite correctly, that the trend was up.

Unfortunately there are not enough data to back test this gauge. The bottom line, however, is that as long the blue line is above the red line the odds seem to favor higher stock prices. 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