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In previous posts I have outlined the importance of the banking index in confirming the trend of the market.
It is interesting to note, as I expected, that the bank index bounced off the lower channel line. The strength of this index may bode well for the overall market (click on the graph to enlarge it).
To find out more about my in depth views 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
Ranked in the Top 10 for 12, 6, and 3 months for market timing by Timer Digest
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