Stoney, I was curious if you follow HUGE(One of the Sharks own it.)?
Insert this photo with a smile, clipboard, big bank account and three hot ladies. That’s the Savant’s conqueror pose!ALERT ALERT********Zweig Thrust Indicator FLASHING BUY!!!!!
17% run ahead of us!!!--> "It has only happened 14 other time since 1950 and the S&P 500 was higher a year later every single time," -> both the average and the median forward one-year return was 23%. Meanwhile, the six-month forward average return after the Zweig Thrust Indicator triggered is 17%.
The last time the Zweig Thrust Indicator triggered was in early 2019. Before then, the indicator flashed in October 2015, October 2013, October 2011, and March 2009, just two weeks after the S&P 500 hit its generational low during the Great Financial Crisis.
The indicator is calculated by taking a 10-day moving average of the number of advancing stocks divided by the number of advancing stocks plus the number of declining stocks. The calculation derives a percentage, and when it falls below 40% then surges above 60% in 10 days or less, the indicator is triggered.
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Van is happy.
It's a little early but are we seeing the first signs of a shift in investor ideas?
Lets take a peek at VALE today. $15 is a bottoming area Nov of last year and now.
IDEA-> VALE
VALE Vale S.A.
$15.61 0.33(+2.16%)12:00 PM 03/29/23
+ Iron ore adds to gains; Chinese output forecast to hit eight-year high
-Vale to pay $56M to settle SEC dam safety charges
NYSE |$USD |Pre-Market:$15.85+0.24(+1.54%)