Higher Lows – MarketTells.com

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Selling pressure has been nonexistent over the last two weeks. Friday marked the tenth day in a row with a higher low (SPX). That’s only occurred seventeen other times since 1980. All but one led to a higher S&P500 two months later with an average gain of 4.5%…

SPX Ten Consecutive Sessions w/ a Higher Low
07/02/21… SPX ??? two months later
04/09/21… SPX +2.2% two months later
11/18/16… SPX +3.8% two months later
10/29/14… SPX +5.0% two months later
05/15/13… SPX +1.1% two months later
03/15/13… SPX +6.3% two months later
07/24/09… SPX +8.3% two months later
11/08/04… SPX +1.8% two months later
12/24/03… SPX +4.7% two months later
03/08/02… SPX -6.5% two months later
02/06/98… SPX +8.8% two months later
09/13/95… SPX +2.4% two months later
06/23/95… SPX +1.4% two months later
05/14/90… SPX +3.5% two months later
01/15/87… SPX +10.2% two months later
11/11/85… SPX +4.8% two months later
04/20/83… SPX +5.2% two months later
10/14/82… SPX +2.1% two months later

The latest iteration of our index model has come very close to shifting out of cash and back into stocks, and it could still do so as early as Tuesday. Look for a note to confirm any shift.