Commentary

1/29/21 Current Signals x30/x3

The relatively mild late afternoon weakness was quite bearish, even though CO and OC were both positive. That resulted in x3 for the daily signal. That signal has happened only one time in the past 190 trade days. The Octal logic goes from x0 to x7 but x3 and x4 are quite rare.

The previous table shows three groups of five major market ETFs, divided by investing style: Broad market, Growth, and Dividends. Dividend ETFs are doing the best post election, but it is close. Dividend ETFs also have the worst win rate.

Note that x30 performance has the poorest numbers with growth and the best with dividend ETFs.

It won’t take much of a negative move on Friday to make January a down month.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s