Posts Tagged 'jobless claims'

June 2020 Outlook: Rally Set to Pause at End of Best 8 Months

Our Best Six Months Seasonal MACD Sell Signal for DJIA and S&P 500 triggered on May 13 when this recovery rally took a brief pause. The rally then resumed adding to May’s gains and putting NASDAQ back in the black for the year and up 5.8% year-to-date on the close of May. But the market is bumping into some resistance here technically and looks set to pause again and pullback to recent support levels.

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May 2020 Outlook: Down “Best Six Months” Warning Sign

Despite the selloff on the last day of April, the Best Six Months ended on a positive note, registering the best month in decades and the best April since the Great Depression. We have been tracking our Seasonal Best Six Months MACD Sell Signal for DJIA and S&P 500 since April 1. The slower MACD Sell indicator turned positive March 26 and remains in an uptrend and has not issued a new sell signal yet. At this point it would ...

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