Be Aware,
Beware and Wary
"When there is no fear of risk, the risk of failure now has foundation ~ Trader Garrett
In April 2021's "S&P500 - Overdone, Overvalued, Overdue - Oh Really?" below all primary trends were positive and projections suggested more substantial gains from the 4000 area. By December 2021, a further 20% gain occurred.
Be Aware
Be aware that the S&P500 has arrived above another
round number (5000). Typically a retracement of some degree might be indicated
but is not guaranteed.
Beware
Beware of those forecasting a bear market for months when all S&P500 time frame trends continue in a positive posture with no signs of an imminent bear trend or crash.
In fact today, Finviz shows 64% of
stocks above their 200 day MA and 58.8% are above the 50 day MA.
Be Wary
Be wary, however, that the S&P 500 continues to be overvalued by any standard metric.
Unless you have a highly inflationary economic environment,
the over valuation trends are unhealthy, unsustainable and unlikely to last.
Be Forewarned
Benchmark Firepower has a strong record on long term forecasts.
It suggests a major bear market in
the S&P500 "may" develop by the end of May 2024. This is an initial
speculative assessment only requiring further data.
Invest wisely.
2/10/24
For example, all primary trends are positive in the daily, weekly, monthly and beyond.
Projections suggest substantial further gains.
Historical Record
See the longer term S&P500 TDI/GPS picture with the current daily, weekly and 20 year monthly charts here.
Benchmark Recommendations & Record has our documented calls on the S&P500 here.
Application Benefit
One of the simplest ways to track trends is by using our TDI and GPS, both of which have an impressive record.
To duplicate or
replicate website charts and results, we strongly recommend using your creative
imagination skills and Simple Trading Logic.
Alternatively, an
entry level free tutorial using premiere indicators is here.
4/2/21
12/31/21 Update - S&P500 gained a further 20%.
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Caveat
While past performance and probabilities are favorable, results are not guaranteed. Use these trade plans, stocks or comments at your own risk. All analytical content and commentary provided within or from this site is aimed purely to educate or inform readers on the potential technical and fundamental aspects and possible value of intelligent, mathematically based research tools and charts for due diligence purposes.
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