Stocks were up to new highs, up strong 0.96%
Bonds were down -0.06%
US Dollar was down -0.16% versus a basket of world currencies, and down similarly versus the Euro.
Asian stocks were up and European stocks were up strong.
Gold was up 0.14%
Oil was up 0.57%
But notice that the further the green line (the 50 day moving average) moved higher than the red line (the 200 day moving average), and the longer the time period the green line stayed above the red line, the more likely there was a temporary pullback – even in a bull market appreciation cycle.
This pattern will not likely consistently continue, because it is not like an ECG heart monitor. Patterns change, particularly when there are real world limitations to price increases. But, considering the pattern, may be worthwhile.
Disclaimer: These posts are not written by a professional or licensed financial advisor. There’s nothing for sale here. This is just a discussion forum. No one should make any decisions based on representations made on this informal blog. These posts are just one layperson’s opinions, concerns, and observations about asset classes – a part of larger, never-ending discussions. Any significant financial decisions should be discussed with at least a few trusted and experienced financial advisors before acting.