• 48 mins The U.S. Dollar Eyes Greater Upside
  • 3 hours More And More Americans Believe A Recession Is Looming
  • 6 hours Is The Pot Stock Boom Over Already?
  • 1 day How The California Utility Crisis Could Have Been Avoided
  • 1 day The Ugly Truth About Investing In Private Equity Deals
  • 2 days The World Is Facing A $1 Trillion Food Waste Crisis
  • 2 days Is It Time To Buy The Dip In Gold?
  • 2 days The History Of Oil Markets
  • 3 days Three Stocks To Watch Ahead Of Earnings Season
  • 3 days Markets Flat As Bulls And Bears Battle It Out
  • 3 days The Mining Industry Still Has a Human Rights Problem
  • 4 days 5 Billionaires Booted From Their Own Companies
  • 4 days Can Toyota's Hydrogen Car Take On Tesla?
  • 5 days Why Universal Basic Income Won't Work
  • 6 days Is This The Real Golden State?
  • 6 days Blockchain Firm Pushes For Ethical Mining
  • 7 days America’s Working Class Are Footing All The Bills
  • 7 days Market Volatility Sends Investors Scrambling Into This Asset Class
  • 7 days How Much Energy Would It Take To Power The Death Star?
  • 8 days A Tweet About Hong Kong Could Cost The NBA $4 Billion
Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

A Long Hot July Continued

The Hybrid Lindsay forecast calling for a high in the Dow near Wednesday (July 15) of that week (A Long Hot July) was successful even if a day early. Although both the S&P 500 and NASDAQ continued their advance until the following Monday, the Dow Industrials index printed its high on July 16. That week's Commentary also mentioned the forecast for a low during the period July 24-31. Let's see how that is developing.

The Dow is down 3.04% since the July 16 high. Last week the Dow had its biggest decline since December. By last Friday, new NYSE 52-week lows (chart) had soared to their third highest level in over a year - a level which usually marks bottoms in the equity indices. In addition, the McClellan Oscillator closed the week at -133 and just above its lower Bollinger Band. A close below the band or -150 is often seen at lows in equities. A tradable low is very close and may have already been seen yesterday.

S&P 500 Index Chart
Larger Image


Obtain your copy of the July Lindsay Report at Seattle Technical Advisors.com.

 

Back to homepage

Leave a comment

Leave a comment