The Unmissable Power of Power Trends
Hey, it’s Ross Givens here with the Chart of the Day. In the past two years, the market has trended only about 30% of the time, spending the rest in downturns or sideways movement. Currently, we find ourselves in a ‘Power Trend.’ Analyzing the S&P 500 index over 104 weeks, only 27 met the criteria for sustained uptrends. As highlighted in the yellow boxes, specific conditions indicate a Power Trend, and right now, we’re in one. In today’s Insight of the Day, I delve into why, during these trends, we should be accelerating our strategies rather than holding back.
March 4, 2024
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