8/19/2022 A Sentinel Technical Market Indicator
AUTHOR: TOWNEWEALTHMANAGEMENT.NET/BLOG 8/19/2022 Towne Wealth Management BLOG:
A Sentinel Technical Market Indicator
The S&P 500 has a high probability of being up 16% over the next 12 months based on a current sentinel technical market Indicator, reports MarketWatch 8/17/2022. This occurred last Friday, 8/12/2022, when 93% of the S&P 500 stocks exceeded their 50-day moving average, the highest level since June 2020, according to Dow Jones Market Data.
However, and there always seems to be a however…
historically, near-term returns after this sentinel indicator occurred were……
somewhat more volatile.
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The opinions expressed in this material do not necessarily reflect the views of LPL Financial and based on the political content of this material are for general information only and are not intended to provide specific advice or recommendations for any individual. The economic forecasts set forth in this material may not develop as predicted. All indices are unmanaged and may not be invested into directly.
Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.
The opinions expressed in this material do not necessarily reflect the views of LPL.