Bubbles of Bliss.

Wednesday 17th April - Daily Equity Update

I asked for a pullback to reset all the signal strength scores before whatever comes next. Is this it? In the past, I would be piling in for a bounce. I think a bounce will come, I tweeted as much this morning in reply to T1alpha. Monthly momentum has reset at zero. 3 monthly has not.

The chart below shows the forward expected returns of the SP500 when 1m and 3m momentum reset at zero.

It pays to be patient.