TD Ameritrade’s Morning Trade Live | July 18th, 2023
The “Asbury 6” Remains Bullish
Everything is green (positive/bullish) in the “Asbury 6” and nothing looks threatening right now, notes John Kosar of Asbury Research. He talks about how the “Asbury 6” has been positive since May 18th and the S&P 500 has risen by 8% since then, and adds that the bond market isn’t feeling nervous and trading volume is good. John mentions how over the years he’s learned to never fool yourself into thinking that you know when the market advance is over because it can fool you, but rather to wait for the Asbury 6 to indicate the market has become internally weak enough to signal that it’s time to take profits. John also displays and discusses 3rd Quarter seasonality in the S&P 500 and how it may influence equity prices this year. Tune in to find out more about the stock market today.
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