The stock market continues to show resilience in the face of any negative news.
The rally that started from the December 24, 2018 low made new YTD highs on Friday.
The S&P 500 is now just 4 percent from the intraday all-time highs recorded on September 21, 2018.
So what’s next? As most readers know, I like to look at ALL price data, present and past, to illuminate current trends and probabilities of future outcomes.
In today’s video, we review the broad stock market indices, discuss current trends and indicators, and look at a rare stock market signal in 2019 that has only occurred one other time in the past 70 years.
What happened the last time (1991)? Watch the video to find out more about this rare stock market signal and what it may mean for stocks…
Stock Market Video – For week of March 18, 2019
Click play, then you can use the button in the lower-right corner of the video image to view in full-screen mode. Hit Escape (esc) to exit the full-screen mode.
Twitter: @CiovaccoCapital
The author or his clients may hold positions in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
Editors note: the title was edited to change 1950 to 1991.
