Copyright reminder: The following note is intended for subscribers. Redistribution in whole or in part is prohibited.

One longer-term positive is that 110 S&P500 stocks closed over their upper bollinger bands on Thursday. It’s the first instance we’ve seen this year and the 37th instance since we began tracking this data in 2012. The S&P was up 32 out of 36 six months later, with two of the four losses less than 0.5%. Average gain was 10%…

Short-term negative to see the SOX index finish over 2% lower on the same day that the S&P500 hits a new 52-week high. This combination tends to lead to a lower S&P two sessions later…

Copyright 2024 Yang Market Research - All Rights Reserved