However, the failure of the ZBT buy signal doesn't mean that the outlook has turned bearish. Instead, the stock market appears to be undergoing a slow grind-up.
The full post can be found here.
No breadth thrust, but a slow grind-up
September 01, 2021 at 16:20 PM EDT
Mid-week market update: I recently highlighted the possible development of a rare momentum-based Zweig Breadth Thrust buy signal (see The Zweig Breadth Thrust watch). The window for the ZBT buy signal closes tomorrow (Thursday). While the S&P 500 has been advancing slowly, we are unlikely to see the buy signal barring some gargantuan melt-up tomorrow.
However, the failure of the ZBT buy signal doesn't mean that the outlook has turned bearish. Instead, the stock market appears to be undergoing a slow grind-up.
The full post can be found here.
However, the failure of the ZBT buy signal doesn't mean that the outlook has turned bearish. Instead, the stock market appears to be undergoing a slow grind-up.
The full post can be found here.
