The following is a brief stock market overview from Asbury Research, and below it a link to a video from Asbury Investment Management (AIM) which explains how we recently utilized Asbury Research investment ideas and strategies to professionally manage client portfolios. Questions, comments welcome. Click Here to contact us.
Asbury Research: US Stock Market Update, July 17th, 2018
A cursory look at the US stock market shows it to be in pretty good shape. The benchmark S&P 500‘s major and minor trends are up while 5 of our “Asbury 6” key market internal metrics are positive (bullish). A closer look, however, reveals that there are also some significant risks to be aware of.
Two of those risks can be seen in global markets and in market-leading semiconductors. Regarding the former, three major overseas global stock markets — all which are positively correlated to the S&P 500 — have recently slipped into major downtrends. Regarding the latter, the PHLX Semiconductor (SOX, see chart below) Index has made six failed attempts since November 2017 to rise and remain above 1362, which is the March 2000 top-of-the-tech-bubble high.
We are paying special attention to these two factors, plus others — while also closely watching some key index levels here in the U.S. — for further evidence that the market may be moving into a “risk off” environment.
More charts, and much more detailed and specific coverage of individual stocks, ETFs, and US interest rates, plus access to our Correction Protection Model (CPM) are available with an Asbury Research subscription. Contact Us for sample reports and pricing.
Asbury Investment Management (AIM): Our Latest Video
Click Here for our 07/16/2018 Video Review, which explains how we used our latest research to better manage client portfolios.
For further information about Asbury Research Management, please email contact@asburyinvest.com or call 1-844-4-ASBURY (1-844-427 2879).