Wednesday, May 31, 2017

Possible market turbulence ahead

Mid-week market update: Rob Hanna at Quantifiable Edges highlighted a historical study of what happens if the market pulls back after a persistent move to new highs, where yesterday (Tuesday) was day 0. If history is any guide, stock prices should grind higher over the next 10 days.

Today was day 1 of that trading setup, and the market did not cooperate. The market's failure to rise despite statistical tailwinds is a sign that it faces some near-term turbulence.

The full post can be found at our new site here.

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