Stocks bounced back this week with the major indexes bouncing back above their 30 week moving averages. Last week I thought we might be heading into stage 3 but not so fast!
Even Indicator 5 - NYSE Advance-Decline 200 Day Moving Average bounced up.
CNN's Fear and Greed improved slightly this week as well.
On the other hand, it would appear we are now back to wearing masks. At least in New York. Starts on Monday.
My friend J.A. provided a nice link to an article by Jill Mislinski on Advisor Perspectives, that takes moving average analysis to a macro view of 10 months vs what we use here which is 30 week. It's a good read and I plan to add it to my monthly review.
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