Cycle Shifts to Bullish
All of the U.S. stock market indices show a bullish cycle starting, with most of the S&P 500 SPDR sectors confirming. The large indices like the NYSE Composite, Nasdaq Composite and Wilshire 5000 all show similar changes in their cycle.
Wilshire 5000 Bullish Cycle
The Wilshire 5000 is turning higher, illustrating how these 5000 stocks can be interpreted as oversold. At cycle lows, as we have now, we watch for confirmation. Once the cycle turns to bullish, we’ll have an opportunity to get more aggressive.
Bulls can begin the process of scaling into new positions, as the cycle becomes more obvious. Seasonality will add to the speed of the turn, as July historically leads the market in bullish activity.
Now we wait for the turn as S&P futures bounce off the pre-market lows. Anticipate volatility today.
We’ll be LIVE to discuss all of the indices and sector charts, exploring their individual cycles during the LIVESTREAM broadcast this morning.
Happy Trading,
Vinny
https://theclosingprint.com/CV_Blog/bullish-cycle-small-caps-2018/
Disclaimer: Do your Own Research
Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
Investment Warnings
We would like to draw your attention to the following important investment warnings. The value of shares and investments and the income derived from them can go down as well as up; Investors may not get back the amount they invested – losing one’s shirt is a real risk; past performance is not a guide to future performance.