US Stock Market: 2019 Advance Resumes Amid Positive Market Internals

In our previous September 5th update, we pointed out that our Correction Protection Model (CPM) turned back to a Risk On status on August 22nd and that, about a week later on August 29th, our Asbury 6 (A6) key market internals (see Table 1 below) turned back to a Positive bias.  The benchmark S&P 500 (SPX) has risen by 87.00 points or 3.0% since August 22nd, and by 85.00 points or 2.9% since August 29th.

Table 1

Chart 1 below shows that SPX is currently situated just above minor support at 2950, but just below its 3028 July 26th all-time high.  The index’s major trend remains up (bullish) above 2817 to 2800.
Chart 1

We are closely watching our CPM and A6 models, as well as other market metrics we track, as a coincident if not leading indication of whether the US stock market finishes 2019 in a strong way, at new all-time highs, or begins a long-overdue corrective decline as it is in the 10th year of a bull market that historically only lasts about half that long.

Editor’s Note: On September 14th John Kosar, our Chief Market Strategist, presented some of our latest research to the Los Angeles Chapter of the American Association of Individual Investors (AAII).  You can view the slide deck from that presentation by clicking the title below.

How To Navigate A 10-Year Old Bull Market Amid Elevated Geopolitical Risk

Prepared for The AAII Los Angeles Chapter

Asbury Investment Management (AIM): Our Latest Video
Asbury Research Ideas, Expertly Managed

Click Here for our 09/18/2019 Video Review, which explains how we have recently utilized Asbury Research’s market analysis and investment ideas to professionally manage client portfolios.

AIM offers a unique approach to investment management that is dynamic, based on the current condition and risk/reward profile of the financial markets.

If you would like to learn more about Asbury Research, Click Here to contact us and type “subscription info” in the Reason For Inquiry text box or call 888-960-0005.
If you would like to learn more about Asbury Investment Management  (AIM), please email or call 1-844-4-ASBURY (1-844-427-2879).

This communication is for informational purposes only. It is not intended as investment advice, or as an offer or solicitation for the purchase or sale of any financial asset.  No inferences may be made and no guarantees of profitability are being stated by Asbury Research LLC.  The risk of loss trading in financial assets can be substantial. Therefore, you should therefore carefully consider whether such trading is suitable for you in light of your financial condition.

Invest like a Professional. Get Started Today

Don’t miss any more opportunities. Sign up today and see how Asbury Research can give your investments the edge they need in a turbulent market.
Start Today!