Last week we mentioned that BullGap's Momentum Market Timer issued a sell signal a few weeks earlier and that the equity market was looking at a minor dip (not a major correction). On Monday 7/19/2021, that came to fruition as the S&P 500 dropped almost 3% before FOMO kicked in high gear. If we lo...
Markets are currently showing a near-term overbought signal. This short-term sell "signal" was triggered last week by BullGap's Momentum Market Timer. Even with the current momentum signal issuing a sell, investors need to be mindful that this is really nothing more than the markets alleviating so...
With the S&P 500 hitting another high on Friday, it is clear that the bulls are firmly in charge. And only a few trading sessions earlier, the S&P 500 was on a 7-day consecutive high streak. That is the longest consecutive streak since dating back to the late 1990s. Not to be left out, both Nasdaq ...
