- Members of Value & Momentum Breakouts were alerted to a strong Negative Momentum Gauge® signal Thursday morning, November 16th.
- This has become the strongest negative signal since July 19th including negative signals on the Sector Momentum Gauges®, Weekly Gauges, and S&P 500 Momentum Gauges®.
- Last year in 2020 there were 6 negative Market Momentum Gauge® signals preceding S&P 500 major declines ranging from -3.7% to -35.4% with average declines -10.8%.
- So far in the Negative signal the S&P 500 is down over -3.6%, Nasdaq 100 down -4.1% and the Russell 2000 index down -10.1%.
- On the signal, the Premium Portfolio moves to cash up +7.5% YTD and the Inverse Fund Tracking signal begins: led by UVXY +54.7%, LABD +34.7%, TZA +30.6%, FNGD +29.6%.
For further details see:
Momentum Gauge Topping Signal: The Second Largest 2021 Negative Signal To Date