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Aug 10 2016

MTI At New Recovery-High Ratio

  • Aug 10, 2016

The Major Trend Index jumped 0.08 to a new recovery-high ratio of 1.22 based on data for the week ended August 5th; the improvement was led by another big gain in the Momentum/Breadth/Divergence category. All sub-models relating to Financial industry groups were upgraded in the past week, and Low Volatility stocks’ grip on market leadership has weakened somewhat over the past several trading days. Both are viewed as market positives.

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About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager