The Market Is “Internally Weak”: The Asbury 6 Turns Negative
Chief Investment Strategist John Kosar, CMT appeared Wednesday, February 23rd 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 turned negative yesterday,” says John Kosar, which indicates the market is “internally weak.” The Asbury 6 is a combination of six diverse market metrics that Asbury Research combined as a model to 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. John and Oliver break down an SPX chart to understand its recent movements.
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