Weekly SmarTrend Stats for August 3rd
Last week the number of Uptrends vs. Downtrends continued to be biased to the upside with now less than 900 stocks in our global portfolio currently in a Downtrend. Despite the powerful market move, our Downtrends continue to show positive results and our Uptrends have also slightly seen an uptick in average return.
The question still remains, with so many stocks in an Uptrend, how long does the momentum last until we need the next pause or slight correction? People can only guess at this point which is why it is more critical than ever to follow the trends.
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