Internal Health Of The Market Is More Positive Than Negative
Chief Investment Strategist John Kosar, CMT appeared Wednesday, December 14th on the TD Ameritrade Network‘s Morning Trade Live show to discuss Asbury Research’s latest outlook for the US stock market.
The Asbury 6, updated daily in our Research Center, is a combination of six diverse market metrics that look beyond the day-to-day, up-and-down noise of the stock market to determine its actual health — in much the same way as a doctor first checks the patient’s vital signs during an office visit. According to the Asbury 6, the internal health of the market is currently Positive (bullish) but is at a key Tactical decision point. “If the benchmark S&P 500 (SPX) is in the process of making a major bullish trend change, then minor support at SPX 3890 to 3860 should contain the index on the downside in the days and weeks ahead,” says John Kosar.