FAST FIVE: Thrust Signal Triggered: Powerful Move Off Lows Says Bear Market Has Legs

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Thrust Signal Triggered: Powerful Move Off Lows Says Bear Market Has Legs By Simon White, Bloomberg Markets Live reporter and analyst There has been a surge in the number of advancing NYSE stocks which is typically a very reliable sign of further positive equity returns in the coming weeks.

But bear-market rallies are rarely about fundamentals (to begin with at least).

After last triggering on July 21st, the signal has just triggered again.

Historically the signal has shown strong outperformance versus the sample average using data going back to 2004 (excluding the July 2022 signal which is still “in play”).

Despite this though, the thrust signal is telling us the current set-up is an excellent risk-reward opportunity for a potent bear-market rally.

Categories: ZH