SmarTrend Weekly Performance Statistics
The number of Uptrends increased slightly last week as the markets managed to move fractionally higher. We have also seen the length of the average Uptrend tick higher to 98 days - close to historical extreme levels without seeing a reversal in trend. The number of Downtrends remains relatively flat at just 20% of the total SmarTrend global portfolio. The win % of the Downtrends is also increasing as the market continues to punish underperforming equities that have been unable to rise in price consistent with the broader market.
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